It is such a weird period for bitcoin. I have been involved with bitcoin for years and I have to say I do not remember the last time when it was this weird and it was this stable. Look at the price, it goes to $9.6k at the very highest which it hasn't in a while and drops to $9.1k at the lowest and moves between that very slowly. I do not see bitcoin doing anything exceptional, it looks like bitcoin will be simply just looking to stay stagnant until something happens in real life.
I am still saying that the price will peak to $12k levels (just under $12k like $11.8k) once again before it goes down to $7k levels slowly, but that looks like going to take a bit more time and the longer we wait the more affects of halving we will start to say so I might be wrong in the end when it goes up it could continue to go up.
Topic: BTC next Movement......... - page 2. (Read 1073 times)
Hopefully by late 2020 we will see another drastic increase. Last time this happened the increase was around December remember? Because most of the time people spend a lot of money during summer and this summer it will probably be even more because nobody went outside for a long time and even though the virus is still out there it was already very difficult to keep people inside for 3 months (both economically and emotionally) and that means everyone will be able to go outside after 3 months and I am sure they will spend a significant amount of money.
Yes after last halving we had price dropped 30% and then at end of the year reached old ATH of $1200. We cant be sure 2016 December will repeat. Year 2016 was way different from 2020. Worlds economy was in huge expansion right now we are at the brink of huge recession. I would be very careful at any predictions. 2021 year will be way better for that when we will at least know how covid-19 situation will roll.
We cannot really compare the past halving with this current one since globally we are been hit by a big crisis and we don't know yet on when this unfortunate incident will end up since there's no clear answer on when the expert can create a real effective vaccine to stop this virus. For sure many of us keep an eye on the latest updates regarding on whats happening in the world and the least we can help is to obey the government order to us so that they can easily control the spread and maybe by that we can help to make the economy recovers and for sure by this the bitcoin will get a benefit also from economic reviving.
Hopefully by late 2020 we will see another drastic increase. Last time this happened the increase was around December remember? Because most of the time people spend a lot of money during summer and this summer it will probably be even more because nobody went outside for a long time and even though the virus is still out there it was already very difficult to keep people inside for 3 months (both economically and emotionally) and that means everyone will be able to go outside after 3 months and I am sure they will spend a significant amount of money.
Yes after last halving we had price dropped 30% and then at end of the year reached old ATH of $1200. We cant be sure 2016 December will repeat. Year 2016 was way different from 2020. Worlds economy was in huge expansion right now we are at the brink of huge recession. I would be very careful at any predictions. 2021 year will be way better for that when we will at least know how covid-19 situation will roll.
I believe the price will dump but I'm not thinking it drop more below $9k. The price shows stabilization in almost a month or two. Yes, we have that surge surpassing $10k at a very short time and it goes back to $9k-$9.8k range and probably the market will remain to that range for the next couple of weeks.
I'm still positive to see Bitcoin will break that $10k wall sooner and lead to a bullish market. Patience would still remain as the adoption and number of users keep moving high.
But you have to think since coronavirus came bitcoin price (or crypto currency price as a whole) and stock market have the similarity. Take a look in March this year, the stock market fell due to sell of that has done by the most investor and it happened to bitcoin as well. And currently, we got the similarity information like in March and it will make the stock market fall and we can see it now. I'm still positive to see Bitcoin will break that $10k wall sooner and lead to a bullish market. Patience would still remain as the adoption and number of users keep moving high.
So, I guess the scenario for bitcoin price movement will same with the OP prediction. We could fall to 6k again if we use some technical analyst, but there is good information that I read today. The news/prediction tell, although bitcoin price fall to 6k bitcoin will remain bullish, it is just a retracement that can make its price back to 10k again, you can see here https://cointelegraph.com/news/bitcoin-dropping-to-6k-golden-pocket-isnt-bearish-says-trader
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Don't worry it won't be stable anytime soon, volatility will remain as majority of the volume is coming from the short term traders, so they dictate the market, the only way the market will be stable is if there will be a massive adoption which I believe will take time to achieve.
No problem if the price still volatile because that can give us the opportunity to buy low and sell high, so we can back to make a profit which is difficult to do in the last year. We will see that happens many times this year, so we need to analyze more to find the time to trade, and if it is necessary, we can use the stop loss if we guess that the price will go down for more.
But the massive adoption will not make the market stable because we will see many people start to buy, and I guess that they will be willing to buy bitcoin at any price, which can make the price increase and decrease anytime.
It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$.
Possibly happening as there's investors who are satisfied with the profits and now cashing out their earnings.
This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well.
If you are looking for longer term holding then the timing will be very suitable purchasing more assets.
It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$. This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well. One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.
reduced volatility is a nice thing to me but dont know to others because i feel some likes btc to be verry volatile especially if they are unpatient and will like to do short term trade instead .
it could be that reduced volatility is a kind of sign that there is something good will happen to btc ? maybe btc wont fall beyond this point and this will now be used as a starting point from whatever btc wants to achieve . the only bad thing about less volatility is that it can take a while for the price to increase .
Not good for traders if you reduced the volatility since how could the traders earn if we will get a single movement? Waiting for long is so boring and many people loss from that matter. Compare to have good volatility where people can regain quickly what they lose if they react correctly on the trend at that day. There are pros and cons about everything but let see what future brings.
Don't worry it won't be stable anytime soon, volatility will remain as majority of the volume is coming from the short term traders, so they dictate the market, the only way the market will be stable is if there will be a massive adoption which I believe will take time to achieve.
It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$. This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well. One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.
reduced volatility is a nice thing to me but dont know to others because i feel some likes btc to be verry volatile especially if they are unpatient and will like to do short term trade instead .
it could be that reduced volatility is a kind of sign that there is something good will happen to btc ? maybe btc wont fall beyond this point and this will now be used as a starting point from whatever btc wants to achieve . the only bad thing about less volatility is that it can take a while for the price to increase .
Not good for traders if you reduced the volatility since how could the traders earn if we will get a single movement? Waiting for long is so boring and many people loss from that matter. Compare to have good volatility where people can regain quickly what they lose if they react correctly on the trend at that day. There are pros and cons about everything but let see what future brings.
It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$.
Possibly happening as there's investors who are satisfied with the profits and now cashing out their earnings.
This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well.
If you are looking for longer term holding then the timing will be very suitable purchasing more assets.
One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.
A good sign that there are supporters who still working to keep the barrier, not allowing the huge dumped
to happened.
Traders have different perceptions regarding to how they will anticipate the next market trends, both short term and
long term holders have their own entry and exit points.
It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$. This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well. One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.
reduced volatility is a nice thing to me but dont know to others because i feel some likes btc to be verry volatile especially if they are unpatient and will like to do short term trade instead .
it could be that reduced volatility is a kind of sign that there is something good will happen to btc ? maybe btc wont fall beyond this point and this will now be used as a starting point from whatever btc wants to achieve . the only bad thing about less volatility is that it can take a while for the price to increase .
It seems to be profit booking happening around as price in last week has slowly dropped like 9400$ to now 9100$. This is not looking good because it can now even fall below 9k levels too. Though on fall it will be a good time to buy as well. One good thing I have seen is that in past few weeks volatility has reduced, and it is not rising and falling too quickly.
I believe the price will dump but I'm not thinking it drop more below $9k. The price shows stabilization in almost a month or two. Yes, we have that surge surpassing $10k at a very short time and it goes back to $9k-$9.8k range and probably the market will remain to that range for the next couple of weeks.
I'm still positive to see Bitcoin will break that $10k wall sooner and lead to a bullish market. Patience would still remain as the adoption and number of users keep moving high.
I'm still positive to see Bitcoin will break that $10k wall sooner and lead to a bullish market. Patience would still remain as the adoption and number of users keep moving high.
Occasional dumps though are good, and we need to see this kind of movement, healthy correction (dump) and then buy the dip (pump). At least traders all over the world as very active and we won't see those manipulations and try to push the price to fit their agenda behind.
So we will see some sideways patterns, but I don't see it going down below $9k for now. As traders or bulls and bears are constantly fighting each other to keep the price somewhat stable, which is a good sign. Although volume as of late are really down, but perhaps investors are just simply shifting their capital around.
I believe the price will dump but I'm not thinking it drop more below $9k. The price shows stabilization in almost a month or two. Yes, we have that surge surpassing $10k at a very short time and it goes back to $9k-$9.8k range and probably the market will remain to that range for the next couple of weeks.
I'm still positive to see Bitcoin will break that $10k wall sooner and lead to a bullish market. Patience would still remain as the adoption and number of users keep moving high.
I'm still positive to see Bitcoin will break that $10k wall sooner and lead to a bullish market. Patience would still remain as the adoption and number of users keep moving high.
That's the thing about the current situation, its volatile but also we were volatile in regular life as well. Normally we have a stable regular life, where we wake up, go to work, come home and do that over and over again for 30 years without disruption, however we had one of the weirdest years ever, every year we say this year is bad and I think we have peaked, there needs to be some sort of world war three in order to be worse than this and I doubt that would happen in 2021 (well not even sure about it anymore).
So, this year we were volatile as well just like bitcoin and I am sure that reflected on bitcoin as well but that was volatile all the time anyway. When both the investors life and investment gets volatile, you have no idea what they could do, maybe they will take advantage of the prices, maybe they need to cash out, who knows whats going on?
So, this year we were volatile as well just like bitcoin and I am sure that reflected on bitcoin as well but that was volatile all the time anyway. When both the investors life and investment gets volatile, you have no idea what they could do, maybe they will take advantage of the prices, maybe they need to cash out, who knows whats going on?
Hopefully by late 2020 we will see another drastic increase. Last time this happened the increase was around December remember? Because most of the time people spend a lot of money during summer and this summer it will probably be even more because nobody went outside for a long time and even though the virus is still out there it was already very difficult to keep people inside for 3 months (both economically and emotionally) and that means everyone will be able to go outside after 3 months and I am sure they will spend a significant amount of money.
It means they will not be able to save and put money aside and buy bitcoin. However, when it is November/December they will be back and they will start saving up and buying again which will definitely increase the price.
It means they will not be able to save and put money aside and buy bitcoin. However, when it is November/December they will be back and they will start saving up and buying again which will definitely increase the price.
I see the reality of your statement my friend, and that's the most usual mindset of every investors right now. That's really difficult to move on forward, since the market still remain unstable and kept fluctuating nearly down. Many people had lost their funds due to pandemic reasons, so it's temporarily having a huge impact to emotional and financial aspects of life.
They lose their money just because majority lose their jobs and I don't think they lose it with bitcoins since so far the price is quietly stabilized at $9,000 and people who trade short are lucky person since imagine how many fluctuating opportunity has passed and for sure many people are earning good with that if they ride with it correctly.
Hopefully by late 2020 we will see another drastic increase. Last time this happened the increase was around December remember? Because most of the time people spend a lot of money during summer and this summer it will probably be even more because nobody went outside for a long time and even though the virus is still out there it was already very difficult to keep people inside for 3 months (both economically and emotionally) and that means everyone will be able to go outside after 3 months and I am sure they will spend a significant amount of money.
It means they will not be able to save and put money aside and buy bitcoin. However, when it is November/December they will be back and they will start saving up and buying again which will definitely increase the price.
It means they will not be able to save and put money aside and buy bitcoin. However, when it is November/December they will be back and they will start saving up and buying again which will definitely increase the price.
I see the reality of your statement my friend, and that's the most usual mindset of every investors right now. That's really difficult to move on forward, since the market still remain unstable and kept fluctuating nearly down. Many people had lost their funds due to pandemic reasons, so it's temporarily having a huge impact to emotional and financial aspects of life.
Hopefully by late 2020 we will see another drastic increase. Last time this happened the increase was around December remember? Because most of the time people spend a lot of money during summer and this summer it will probably be even more because nobody went outside for a long time and even though the virus is still out there it was already very difficult to keep people inside for 3 months (both economically and emotionally) and that means everyone will be able to go outside after 3 months and I am sure they will spend a significant amount of money.
It means they will not be able to save and put money aside and buy bitcoin. However, when it is November/December they will be back and they will start saving up and buying again which will definitely increase the price.
It means they will not be able to save and put money aside and buy bitcoin. However, when it is November/December they will be back and they will start saving up and buying again which will definitely increase the price.
BTC / USD Technical Analysis
In the Recent BTC Chart shown it will try To pullback from the zone or demand zone . Although the trend is Bearish. So in my opinion the demand zones will continue to break down And a little rising movement can be seen in the zone And can dump up to a maximum of 8700 Then a good pump can be expected from there.
Let's see how this goes......
the trend is Bearish
Actually right now the trend is neither bullish nor bearish. So you have 50% chance to be correct with the general short-term trend in your chart (basically because anything can happen).
So, this is correct.
It's just par bullish and bearish.
the problem is that most people like OP seem to define being "bullish" in bitcoin as price going up constantly and every day in at least 20% sizes and if anything other than that happens they call that "bearish". the reality is that the market trends are not just these 2! believe it or not there are a lot more in between the two.
i disagree with the sentiment being bullish though, the sentiment in my opinion is greatly undecided. that is why most investors are currently waiting for a signal (a breakout) to start buying. which is also why we see big jumps with a lot of FOMO right after these sideways trends end every single time.
And in the case of the market situation right now, we are somewhat in the middle, neutral grounds. No one wants to make a move, everyone is undecided, just waiting for the perfect opportunity to either sell or buy.
So what we should wait is another break out run here. If the price goes up, then there will be FOMO, calling the top at $10,500-$11,00, bullish sentiments, LOL.
the trend is Bearish
Actually right now the trend is neither bullish nor bearish. So you have 50% chance to be correct with the general short-term trend in your chart (basically because anything can happen).
So, this is correct.
It's just par bullish and bearish.
the problem is that most people like OP seem to define being "bullish" in bitcoin as price going up constantly and every day in at least 20% sizes and if anything other than that happens they call that "bearish". the reality is that the market trends are not just these 2! believe it or not there are a lot more in between the two.
i disagree with the sentiment being bullish though, the sentiment in my opinion is greatly undecided. that is why most investors are currently waiting for a signal (a breakout) to start buying. which is also why we see big jumps with a lot of FOMO right after these sideways trends end every single time.
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