Topic: Here’s what traders expect now that Bitcoin price rallied back to $50K - page 2. (Read 406 times)
September 03, 2021, 06:01:24 PM
Breaking the $50k resistance again before having a dump was really critical and Bitcoin made it! Otherwise, we might have seen another boring period and the price would have started decreasing drastically. Now, this must be a sign for $55k and $60k levels consecutively. And after that a bull run must come to be able to see $100k at the end of this year in the worst case.
September 03, 2021, 04:59:31 PM
On August 23 many traders and investors took profit at the price of $50k. but for now I think bitcoin's target is increasing maybe around $60k which indicates the market will be bullish again after a few days of correction.
this is the right moment for investors to add to their bags.
As usual when we do bump on resistance it would only having two possible outcome neither it would really be having some breakout or would really be having some rejection and expect that this is the right moment for investors to add to their bags.
those 10k increments would really be considered to be tough resistances on which people do really anticipate and commonly putting up sell order on those levels which is something not
really surprising and this is why we can really presume that whenever we do really hit up these levels then its neither having that same impressions that it might be having a hardtime
or would able to pass it effortlessly.
September 03, 2021, 02:27:24 PM
On August 23 many traders and investors took profit at the price of $50k. but for now I think bitcoin's target is increasing maybe around $60k which indicates the market will be bullish again after a few days of correction.
this is the right moment for investors to add to their bags.
this is the right moment for investors to add to their bags.
September 03, 2021, 01:22:43 PM
So far I thought it was mostly beginners who are inexperienced and very easy to manipulate, but when I see just how many older members on the forum have completely misjudged the situation, I can’t help but get the impression that people just didn’t realize this is the most profitable year after 2017, and that every dip is a real gift that should be taken without any hesitation.
Sometimes I wonder what would have happened if most BTC owners were a little firmer and more resistant to FUD? And as for those topics "bitcoin can't stay above", they are mostly the product of our on-duty troll who claims to have mathematical and scientific evidence for it (from Russian and Chinese sources), and some have turned it into their game, for which I personally see no point.
In addition, we are already accustomed to the media, which at every significant drop in prices begin to predict some disaster scenarios, which of course do not happen in the end.
Unfortunately people like me who are here for long time, do not always make the greatest judgment neither because sometimes it is not in our character to be great at investment or money related stuff. I came into bitcoin not to make big investments and get rich, I came to it at first because there was a job chance and I was offered to be paid in bitcoin, that's how I met with bitcoin and ever since that day I have been doing exactly that, working and earning bitcoin.Sometimes I wonder what would have happened if most BTC owners were a little firmer and more resistant to FUD? And as for those topics "bitcoin can't stay above", they are mostly the product of our on-duty troll who claims to have mathematical and scientific evidence for it (from Russian and Chinese sources), and some have turned it into their game, for which I personally see no point.
In addition, we are already accustomed to the media, which at every significant drop in prices begin to predict some disaster scenarios, which of course do not happen in the end.
I am not saying I am not investing or trading because I do that too but my main connection to crypto is working and earning it. So that means I have never been a great trader or investor and that's fine because that's not my main focus in crypto. This is why even some veterans make a lot of big mistakes as well.
September 03, 2021, 09:03:55 AM
We have good momentum right now but I think the aggressive initial trend from the July bottom price is not there any more.
The bottom has actually disappeared from my view and now price is selling above $50,700 with more bull run on sight. The hourly chart has been defeated and price action still building up. Anytime the bitcoin bull start, it is better to look into the longer time chart for direction and from my perspective, I think we are going to see more highs by next and this moment from the daily and weekly chart formation.
September 02, 2021, 07:42:54 PM
Still rallying, still hesitating seems like. I just its best we see each range of prices being traded more then a flat number like 50k being that important. Theres a whole area of volume to work through to progress higher so probably wont be a simple take. We have good momentum right now but I think the aggressive initial trend from the July bottom price is not there any more.
August 27, 2021, 06:23:07 AM
I wouldn't expect those who have forgotten what happened 2 weeks ago to remember 4 years ago 
It is not like this very same pattern is rare or anything, it is being repeated over and over and the weak hands react the same way by panic selling as soon as the FUD hits the fans. We had the "bitcoin can't stay above" topics lately all over the internet and yet bitcoin broke free of $30k prison... Then we went up 65% and some weak hands came back, so now they have to be stripped
It is not like this very same pattern is rare or anything, it is being repeated over and over and the weak hands react the same way by panic selling as soon as the FUD hits the fans. We had the "bitcoin can't stay above" topics lately all over the internet and yet bitcoin broke free of $30k prison... Then we went up 65% and some weak hands came back, so now they have to be stripped
So far I thought it was mostly beginners who are inexperienced and very easy to manipulate, but when I see just how many older members on the forum have completely misjudged the situation, I can’t help but get the impression that people just didn’t realize this is the most profitable year after 2017, and that every dip is a real gift that should be taken without any hesitation.
Sometimes I wonder what would have happened if most BTC owners were a little firmer and more resistant to FUD? And as for those topics "bitcoin can't stay above", they are mostly the product of our on-duty troll who claims to have mathematical and scientific evidence for it (from Russian and Chinese sources), and some have turned it into their game, for which I personally see no point.
In addition, we are already accustomed to the media, which at every significant drop in prices begin to predict some disaster scenarios, which of course do not happen in the end.
August 26, 2021, 07:40:38 PM
the resistance that is at $50500 is very strong to the point of having made the price have retreated to the support that is at $47000, fortunately it did not break below $46200, being able once again to try to rise that break the $5500, if the price to break the $50500 then the next big resistance will be at $52000 and with that we will see the price trying to break a new ATH, but it is worth bearing in mind that in this zone above $47000 it is where it seems to me that people are selling to get the profits thanks to having bought in the $30,000
August 26, 2021, 12:29:57 PM
Small correction in play at the moment but it changes nothing. The next stage of the bull run will commence in its blazing glory soon.
August 26, 2021, 09:42:45 AM
If people remember anything from 2017, then it’s just what happened during December. Everything that happened before that doesn't matter to most people today, because many people made the wrong moves then and don't want to remember how we went from $1000 to $20 000. Therefore, we can read the stories of people who sold their BTC in the hope that the price would collapse because the bull run was over, which was completely wrong. If ever there was a time for someone not to be a weak hand, then it is right now.
I wouldn't expect those who have forgotten what happened 2 weeks ago to remember 4 years ago It is not like this very same pattern is rare or anything, it is being repeated over and over and the weak hands react the same way by panic selling as soon as the FUD hits the fans. We had the "bitcoin can't stay above" topics lately all over the internet and yet bitcoin broke free of $30k prison... Then we went up 65% and some weak hands came back, so now they have to be stripped
August 26, 2021, 09:13:41 AM
It seems that your prediction isn't right, seems to be that a lot of traders are taking their profits at this point, we might see some movement to go back up again since this has happened before if I'm right.
August 26, 2021, 06:46:41 AM
The ATH level should be the next immediate target. From what I have seen, there were no major resistance levels, from the journey from 29K to 50K. I believe that the next one is not going to appear before $62,000, which is the current ATH level. I can observe a lot of whales rushing in to purchase, in anticipation of the next major bull rally. The correction is now over and the stabilization phase is going to last for a couple of months or so. And this period will provide the last opportunity to accumulate BTC for five-digit prices.
Or 6 digit prices at the end of the year.
There are several resistance though from $29k to $50k. The latest is the $48k barrier which we have just crossed after more than 3 attempts. And then $50k also seems to be a tough nut to crack as once we have reach it, the price suddenly dips.
However, I do believed that in the next coming months we might see new ATH, exceeding at least $70k and then that big 6 digits will be the next and that is the price that we all have been wanting to see because it will be historic.
August 25, 2021, 11:58:53 AM
The ATH level should be the next immediate target. From what I have seen, there were no major resistance levels, from the journey from 29K to 50K. I believe that the next one is not going to appear before $62,000, which is the current ATH level. I can observe a lot of whales rushing in to purchase, in anticipation of the next major bull rally. The correction is now over and the stabilization phase is going to last for a couple of months or so. And this period will provide the last opportunity to accumulate BTC for five-digit prices.
And then we think that the next rally will be in the 6 digits? That seems too overhyped, I think. But what I guess base on the current sentiment, we had reached $62k and might double it next ATH will probably be more than $100k. Well, for now, I was expected for a short rally and then it drops again before we end this year. But I'd never think that we experience a bear market again this year, only just short rollbacks. Thus, if we still have money to invest, we never have to hesitate by doing it now while we still have the chance to buy at a cheaper price, otherwise, we forever miss this opportunity.
August 25, 2021, 10:18:03 AM
The ATH level should be the next immediate target. From what I have seen, there were no major resistance levels, from the journey from 29K to 50K. I believe that the next one is not going to appear before $62,000, which is the current ATH level. I can observe a lot of whales rushing in to purchase, in anticipation of the next major bull rally. The correction is now over and the stabilization phase is going to last for a couple of months or so. And this period will provide the last opportunity to accumulate BTC for five-digit prices.
August 25, 2021, 10:01:04 AM
Quote
Bitcoin is “back in bull market territory”but traders warn that a retest of underlying support levels is bound to occur soon.
There was widespread celebration across the crypto ecosystem on Aug. 23 after the sight of Bitcoin (BTC) back above $50,000 triggered a resurgence of calls for the top cryptocurrency to reach $100,000 before the end of 2021.
Data from Cointelegraph Markets Pro and TradingView shows that the early morning bullish momentum that lifted the price of BTC to an intraday high at $50,514 began to wane as the day progressed at currently the price trades slightly above $49,0.
https://cointelegraph.com/news/here-s-what-traders-expect-now-that-bitcoin-price-rallied-back-to-50k?utm_source=thecryptoapp
There was widespread celebration across the crypto ecosystem on Aug. 23 after the sight of Bitcoin (BTC) back above $50,000 triggered a resurgence of calls for the top cryptocurrency to reach $100,000 before the end of 2021.
Data from Cointelegraph Markets Pro and TradingView shows that the early morning bullish momentum that lifted the price of BTC to an intraday high at $50,514 began to wane as the day progressed at currently the price trades slightly above $49,0.
https://cointelegraph.com/news/here-s-what-traders-expect-now-that-bitcoin-price-rallied-back-to-50k?utm_source=thecryptoapp
Interestingly, I come across some post on having invested long time ago prior to this stage Bitcoin has become, I made a comment that it's never too late to do so even now, the more Bitcoin progresses the further some go in it, while considering the most important factor of taking the risk, the entire Bitcoin community is on a smiling face both investors and traders, but for new investors it is advisable to pause and study, as it approaches $50,000
Base on my own predictable analysis, if it reaches anything above 50, then the tendency to reach 60 to 100 within a short or long run is visible. Investing is a game of prediction, if it turn high you gain and if low you loose, but those that venture into it carefully understand the strategy behind it to increase.
You are right that for those who are willing to wait for several years, even 60 000$ is not a limit. According to some analytics, the fundamental value of Bitcoin is 200 000$, so I am going to hold it for at least 5 or 10 years. What comes to 50 000$, this price is possible even in the nearest days. Another question is if people will sell off their Bitcoin on this level or not, but anyway, I am going to continue holding
August 25, 2021, 09:37:58 AM
People like the OP are either naive or part of those pump and dump groups that spread rumors and then take positions.
These posts about BTC being above 50K and set for 60-100K are thus, not only unnecessary, but even malicious.
These posts about BTC being above 50K and set for 60-100K are thus, not only unnecessary, but even malicious.
You may be right, we can't know what someone's intentions are, but I don't think there are any malicious intentions in this particular case - the OP is just one in a series of those that feed on media articles, which of course always adapt to the current situation. And at the moment, it seems that after months in the zone between $30k and $40k, we are on the way to achieving a new ATH, although some bad news can take everything back.
$100k is also the same as $5k back in 2017 where media started "predicting as top" right after price got out of $2k range simply because they were incapable of seeing the bigger picture.
If people remember anything from 2017, then it’s just what happened during December. Everything that happened before that doesn't matter to most people today, because many people made the wrong moves then and don't want to remember how we went from $1000 to $20 000. Therefore, we can read the stories of people who sold their BTC in the hope that the price would collapse because the bull run was over, which was completely wrong. If ever there was a time for someone not to be a weak hand, then it is right now.
August 25, 2021, 12:07:48 AM
I'm mostly bullish, but the market sentiment being overly bullish is slightly worrying in my opinion. Especially now that a lot of people is making freakishly amounts of money flipping NFTs and by buying the "Ethereum killer" coins, I'm definitely slightly skeptical.
In the defense of shitcoiners, I think those people really have a lot going for them because they are offering a solution that investors are willing to put money on. There definitely is demand for centralized blockchain contracts where the central authority is some well-known group of people or a corporation that guarantees the code. The setup is quite simple. There are investors willing to bet money on these blockchain contract providers and that is where the flippers are making insane amounts of money.NFTs are a different story altogether. The concept of verifiable rarity having value isn't new. That is what NFTs do. A lot of those people have emerged from a bitcoin background itself. There is a lot going on there than we discuss here at the forum.
August 24, 2021, 06:18:35 AM
Quote
Bitcoin is “back in bull market territory”but traders warn that a retest of underlying support levels is bound to occur soon.
There was widespread celebration across the crypto ecosystem on Aug. 23 after the sight of Bitcoin (BTC) back above $50,000 triggered a resurgence of calls for the top cryptocurrency to reach $100,000 before the end of 2021.
Data from Cointelegraph Markets Pro and TradingView shows that the early morning bullish momentum that lifted the price of BTC to an intraday high at $50,514 began to wane as the day progressed at currently the price trades slightly above $49,0.
https://cointelegraph.com/news/here-s-what-traders-expect-now-that-bitcoin-price-rallied-back-to-50k?utm_source=thecryptoapp
There was widespread celebration across the crypto ecosystem on Aug. 23 after the sight of Bitcoin (BTC) back above $50,000 triggered a resurgence of calls for the top cryptocurrency to reach $100,000 before the end of 2021.
Data from Cointelegraph Markets Pro and TradingView shows that the early morning bullish momentum that lifted the price of BTC to an intraday high at $50,514 began to wane as the day progressed at currently the price trades slightly above $49,0.
https://cointelegraph.com/news/here-s-what-traders-expect-now-that-bitcoin-price-rallied-back-to-50k?utm_source=thecryptoapp
Interestingly, I come across some post on having invested long time ago prior to this stage Bitcoin has become, I made a comment that it's never too late to do so even now, the more Bitcoin progresses the further some go in it, while considering the most important factor of taking the risk, the entire Bitcoin community is on a smiling face both investors and traders, but for new investors it is advisable to pause and study, as it approaches $50,000
Base on my own predictable analysis, if it reaches anything above 50, then the tendency to reach 60 to 100 within a short or long run is visible. Investing is a game of prediction, if it turn high you gain and if low you loose, but those that venture into it carefully understand the strategy behind it to increase.
You are right that for those who are willing to wait for several years, even 60 000$ is not a limit. According to some analytics, the fundamental value of Bitcoin is 200 000$, so I am going to hold it for at least 5 or 10 years. What comes to 50 000$, this price is possible even in the nearest days. Another question is if people will sell off their Bitcoin on this level or not, but anyway, I am going to continue holding
August 23, 2021, 11:58:16 PM
Bitcoin's hit another round number, so that's good. I'm waiting for some fomo to set in but it didn't happen. And then we have some pullback already. But as long as the price is above the average price of $43k, I think we are still in the bullish of phase.
As for the media outlets, sure that's there job, flipping from bitcoin bears to publishing bullish sentiments and what to expect.
As for the media outlets, sure that's there job, flipping from bitcoin bears to publishing bullish sentiments and what to expect.
August 23, 2021, 11:51:06 PM
Bitcoin prices are rising and falling at the moment but the market is bullish but it does not take long to be bearish, so traders are not able to accurately determine how much it will rise. The price of bitcoin has returned to $ 50K but is falling again this time will be the best move to hold wherever the market goes, many people have made more profit and many people are buying altcoin with bitcoin. Everyone is coming to believe that with bitcoin the price of altcoin will go up.
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