I believe Bitcoin will surge to new heights after this dip - page 2.

fuguebtc

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Quote from: Kelward on May 24, 2024, 02:18:08 PM

Quote from: Jawhead999 on May 13, 2024, 04:16:45 AM

Not only you, almost everyone believe we will see a bull season after few months dips, just take a look with the past histories.

Quote from: shanhaigamefi on May 13, 2024, 03:46:57 AM

The analyst said that Bitcoin is currently trading in a tight range and could rise to around $70,000 to $72,000 if it breaks through the $63,000 level.

I mean, 10% rise is small if we talk about Bitcoin, there's nothing surprise if Bitcoin will reach $72K, that's just a normal thing.

Quote from: shanhaigamefi on May 13, 2024, 03:46:57 AM

All eyes are now on the key data released by the United States next week that will determine the fate of Bitcoin and the cryptocurrency market.

No, the fate of Bitcoin didn't controlled by United States, there's no correlation at all. Even United States completely ban Bitcoin, there are still hundred countries accepting Bitcoin.

I believe that this dip will soon give way to a price surge that will usher us into the bull run proper, Bitcoin price as of now is over $68k, and I believe that it's only a matter of time and we'll see it's price to reach and pass the last ATH. My speculation is that we will see a $100k price this year, then in the peak we'll see over $150k ATH.

There hasn't been any breakout from bitcoin since this thread was created, bitcoin is still trading below $70k and it is moving sideways creating a depressed market for traders and investors. But I agree with you, sooner or later this correction will have to go away and the crazy bull season we wait for every 4 years will come. The only problem is that it is only a matter of time and those who can wait until the end will receive the rewards that bitcoin brings.

Quote from: Kelward on May 24, 2024, 02:18:08 PM

It is true that Bitcoin has gone beyond the control of the US, their input in cryptocurrency can not be denied, but as of today, Bitcoin adoption has increased that many people from other countries are now keying into it massively.

It is true that the fate of bitcoin is not controlled by the US, but I will not deny that the macro news of the world's largest economy is affecting bitcoin. But whatever those effects are, negative or positive, they are short-term, they cannot and never can stop the growth of bitcoin.

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Quote from: sotelorene on May 31, 2024, 05:22:49 AM

You are right Bitcoin behavior this season is something we couldn't imagined and it's this behavior that is making us to have the believe that Bitcoin is going to hit $100k and it will be a thing of joy if Bitcoin hit that amount and we invested in it. However, it is good to be positive all the time but sometimes it is also good to consider the negative side of something, what am saying in essence is that what of Bitcoin dip beyond our expectation and imagination because there are people who believed that Bitcoin price can not go below $40k again forgetting the fact that Bitcoin is volatile in nature and we don't know the intention of the team.

My expectations might also be almost the same as what you stated above. All possibilities can come in this market but if it says 40k will drop it seems very unlikely at this time. Even if this happens, the market will catch fire and coins other than BTC will all return to their original prices.

Everyone maintains this unless something extraordinary happens in the market, triggering action by BTC owners who have a large number and capacity to sell them. But that is very rare.

100K preparation in progress until now.

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I think most of us believes on it, and most of us are waiting for it to happen.
It manages to create a new or break its all time high record this year, and we still have more than half a year to see if it would set a higher record this year.
Hopefully in the next bull run we could see it happen.

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Quote from: livingfree on May 13, 2024, 06:55:02 AM

I don't see anything new to what has been said by that guy and what you have just brought in here. It's true that we pass on these prices levels that we have right now and then we'd surely proceed to $70k and up.

Everyone is believing that we're going to see these surges in no time because we're passed the halving and that's where we all believe is going based on historical facts and charts.

$100k and more is gonna be hit as a new ATH not this time or year but maybe next year.

You are right Bitcoin behavior this season is something we couldn't imagined and it's this behavior that is making us to have the believe that Bitcoin is going to hit $100k and it will be a thing of joy if Bitcoin hit that amount and we invested in it. However, it is good to be positive all the time but sometimes it is also good to consider the negative side of something, what am saying in essence is that what of Bitcoin dip beyond our expectation and imagination because there are people who believed that Bitcoin price can not go below $40k again forgetting the fact that Bitcoin is volatile in nature and we don't know the intention of the team.

uneng

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There is a lot of resistance going on at the current moment between 69,000$ and 70,000$. Bitcoin is stable around that price range, but isn't able to surpass the line yet to remain stable above 70,000$. It seems to be just a matter of time until we reach there, but it's still not possible to forecast when it's going to happen exactly. It's possible to have weeks or months of waiting until reaching the ideal scenario for this bull run. Many investors are full of expectations, but at same time many others are impatient and fearful of what is going to happen next.

Whales play with the sentiment of the market and manipulate the events on their own favour. Since we don't know what is going on the backgrounds of crypto market, there is nothing we can do besides waiting patiently for the right time which will inevitably comes at some point... In my opinion the market is too quiet for a bullish season. That is a signal things can change drastically in a very short period of time.

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Quote from: Marvell1 on May 24, 2024, 10:44:35 AM

If we take the time to learn everything about bitcoin, we will see that it is only a matter of time before bitcoin price increases and we can also be our own experts without having to listen to anyone's predictions. Furthermore, if we spend time understanding the market, we will know that this market has no experts, only cycles and investor psychology. But the sad thing is that most people don't take the time to learn everything, they just like to go to self-proclaimed experts and believe in what they predict.

Learning about Bitcoin is very important to be able to make the right decisions when investing, because when we have a good understanding of investment, of course we will be able to do our own analysis and not just listen to other people's predictions, but if they don't take their time to learn about Bitcoin and only listening to other people's predictions, then when we follow other people's advice and it fails, I think this will be very painful because we have entrusted the investments we make to other people, even though we already know that almost no one can predict correctly.

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Quote from: Jawhead999 on May 13, 2024, 04:16:45 AM

Not only you, almost everyone believe we will see a bull season after few months dips, just take a look with the past histories.

Quote from: shanhaigamefi on May 13, 2024, 03:46:57 AM

The analyst said that Bitcoin is currently trading in a tight range and could rise to around $70,000 to $72,000 if it breaks through the $63,000 level.

I mean, 10% rise is small if we talk about Bitcoin, there's nothing surprise if Bitcoin will reach $72K, that's just a normal thing.

Quote from: shanhaigamefi on May 13, 2024, 03:46:57 AM

All eyes are now on the key data released by the United States next week that will determine the fate of Bitcoin and the cryptocurrency market.

No, the fate of Bitcoin didn't controlled by United States, there's no correlation at all. Even United States completely ban Bitcoin, there are still hundred countries accepting Bitcoin.

I believe that this dip will soon give way to a price surge that will usher us into the bull run proper, Bitcoin price as of now is over $68k, and I believe that it's only a matter of time and we'll see it's price to reach and pass the last ATH. My speculation is that we will see a $100k price this year, then in the peak we'll see over $150k ATH.

It is true that Bitcoin has gone beyond the control of the US, their input in cryptocurrency can not be denied, but as of today, Bitcoin adoption has increased that many people from other countries are now keying into it massively.

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Quote from: Woodie on May 17, 2024, 12:44:59 AM

Quote from: Marvell1 on May 13, 2024, 06:34:24 AM

You don't need to consult or listen to analysis from any analyst, bitcoin's price increase is inevitable and will definitely happen, the only problem is time. That's why people often advise each other not to pay too much attention to the short-term volatility of bitcoin, look at the long term and bitcoin will never disappoint us.

I have not heard this in a long time and like the advice

It's funny how all these guys have appointed themselves experts of Bitcoin but where nowhere to be seen when price was worthless and few believed in crypto...but today have become the loudest!!

Btw, I do agree we don't need the so called consultants because we already know that Bitcoin supply is in a limited supply and price is going in one direction..which is UP.

If we take the time to learn everything about bitcoin, we will see that it is only a matter of time before bitcoin price increases and we can also be our own experts without having to listen to anyone's predictions. Furthermore, if we spend time understanding the market, we will know that this market has no experts, only cycles and investor psychology. But the sad thing is that most people don't take the time to learn everything, they just like to go to self-proclaimed experts and believe in what they predict.

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Quote from: decodx on May 15, 2024, 04:56:03 PM

I can totally see why people feel optimistic that Bitcoin will reach a new all-time high after this latest price drop. Plenty of folks seem to think it's a prime buying opportunity right now. But you raise a fair point - not everyone sees it that way and some investors remain cautious, wanting to see where things land before making any big moves.

At the end of the day, reasonable minds can disagree on this stuff. I don't think either view makes someone naive or foolish. It really comes down to your own investing style and stomach for risk. But one thing's for sure - Bitcoin keeps things interesting! Its price swings tend to spark lively debates, thats for sure.

That is trust and faith - people believe it as it happened in the past when ATH came after halving and that kind of belief is still on their minds despite the drops. Whether it is true or not but I would agree with them and I was also expecting ATH in the coming days.
Their optimism drives them to keep calm and stay strong. But those who feel uncertain will make themselves uncomfortable.

We can say that every drop is a buying opportunity but of course, we can expect everyone will take this especially when they're done already. And I assume that most of us have filled our bags already during the last major correction.

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Quote from: bitgolden on May 21, 2024, 02:35:59 PM

Basically everyone thinks the same way, that is why it didn't drop all that much and right now trading around $70k levels after the dips.

Situations like that where everybody thinks alike are usually traps because that attitude pumps longs and it doesn't take much to start a liquidation cascade. When rich people see this it's an opportunity to liquidate overextended levered retards, which is why bitcoin has to increase slowly but surely. When you see a FOMO rally its time to get out or cold storage and get ready for the bear market.

I also think we'll get a new ATH this year, but it could go to $80000 or 85000 and end it there. Don't wait for it to hit a new high to buy because by that time it will be too late.

ShowOff

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Quote from: bitgolden on May 21, 2024, 02:35:59 PM

Basically everyone thinks the same way, that is why it didn't drop all that much and right now trading around $70k levels after the dips. Everyone knows that we are going to go up, we are going to have a great result eventually, which means that we are going to keep investing. If everyone is aware that we are going to end up with such a good result then why would we not care about buying some more? That is what we are going to keep seeing and that should be the most important part of it all.

I know that it is going to surprise with more great levels eventually, that just means that we are going to touch $100k levels which will not be all that complicated, it will be something that will take some time but we are going to get there.

Are you sure that everyone who advises you to buy more bitcoin now has a budget that they can always invest whenever the opportunity arises?
I'm not sure that all of them have the budget to invest, in fact I can be sure that some of them only suggest other people without daring to do it themselves because they don't have a budget and are also afraid that the price is too high.

I understand that sometimes other people can only suggest the best for others, while they themselves are unable to do so for some reason. If someone has a budget and a stable income every month, then it may be worth it for them to buy more bitcoin now and hold it for the long term until their profit target is reached.

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Basically everyone thinks the same way, that is why it didn't drop all that much and right now trading around $70k levels after the dips. Everyone knows that we are going to go up, we are going to have a great result eventually, which means that we are going to keep investing. If everyone is aware that we are going to end up with such a good result then why would we not care about buying some more? That is what we are going to keep seeing and that should be the most important part of it all.

I know that it is going to surprise with more great levels eventually, that just means that we are going to touch $100k levels which will not be all that complicated, it will be something that will take some time but we are going to get there.

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Quote from: bitterguy28 on May 18, 2024, 08:41:06 AM

Well Bitcoin is starting to show its power hitting 67k as of typing and looks like there will be a good hype coming anytime soon?

Actually it is given that every dumping there will be an increase and with Bitcoin have had halving recently? I think there will be good thing coming to Bitcoin market .

This is not the first time bitcoin is rising this high and dropping even below $50k so even though it feels good seeing the market make some gains, I will not allow the excitement get me distracted from the main thing which is buying more and making good use of the dip. The time I feel we can be rest assured that the halving induced moves have started is when bitcoin makes a new ATH. When that happens, my projection destination is $100k

Quote from: darkangel11 on May 18, 2024, 09:19:09 AM

Quote from: shanhaigamefi on May 13, 2024, 03:46:57 AM

Renowned analyst Michaël van de Poppe has recently provided analysis and predictions on the Bitcoin, Ethereum and altcoin sectors. The analyst said that Bitcoin is currently trading in a tight range and could rise to around $70,000 to $72,000 if it breaks through the $63,000 level.

Personally, I don't focus on these ranges and I don't trade bitcoin. 60-70k is a range we've visited a couple times over the years and it's not something I'd react to as a bitcoin holder, unless I had a very good reason to do so. It's the 80k+ that's interests me and this is where the real fun begins, when we go above 75k and people start to FOMO.
IMO bitcoin has a potential to go towards $100k and that's going to be the main resistance line because it's such a big and round number, like $1k used to be in 2013. That's where many people will decide if they want to continue holding bitcoin or if they have enough money already.

I do not know what you are seeing at the 80K+ but my area of interest is 100k which is my pre-halving projections. When we reach this price, I expected some sell off from people who would have been waiting to do so. The only people that will be able to resist the urge to sell at this price are the long term holders.

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If am to respond to the thread’s title, I would say it’s pretty normal to expect a highs and higher highs after a dip. It’s just how the market is. It’s never stagnant and doesn’t stay at the bottom, it might have a period of consolidation when the market ranges about a point but there after, it’s sure to pump. Lately, it’s been able to pump to around $67k and then it dumped a little. I hope to see some progress in price through the coming week.

Quote from: STT on May 18, 2024, 07:07:48 PM

I would not assume much higher until we both pass 70k and prove it to be a new low that people buy at not sell as is the case since February.

$70k mark isn’t being too ambitious, in fact, it’s a nice place to start marking when the bulls would be ready to pick up things and should it happen sooner, we might just be preparing for another ATH even without the bullrun fully materializing.

STT

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Its a fair estimate if we have many attempts to sell that fail we are due to test the highs. That is what is occuring right now and if we dont surpass 70k properly its going to loop around once again. The difference this time is we have made a new high on the weekly bars after declining for a couple months in a row quite clearly a low high each time; a sequence break is significant and can lead to a new paradigm. So this week is different but my greater hope is it leads to greater things.

I would not assume much higher until we both pass 70k and prove it to be a new low that people buy at not sell as this has been the case since February.

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Quote from: Woodie on May 17, 2024, 12:44:59 AM

Quote from: Marvell1 on May 13, 2024, 06:34:24 AM

You don't need to consult or listen to analysis from any analyst, bitcoin's price increase is inevitable and will definitely happen, the only problem is time. That's why people often advise each other not to pay too much attention to the short-term volatility of bitcoin, look at the long term and bitcoin will never disappoint us.

I have not heard this in a long time and like the advice

It's funny how all these guys have appointed themselves experts of Bitcoin but where nowhere to be seen when price was worthless and few believed in crypto...but today have become the loudest!!

Btw, I do agree we don't need the so called consultants because we already know that Bitcoin supply is in a limited supply and price is going in one direction..which is UP.

Precisely. Bitcoin price increase is inevitable so we should not be bothered too much whenever bitcoin price touches some dips because clearly, that is a good motivation for bitcoin to reach an all time high after. We have seen this on the previous years so this isn’t new to us anymore.

Bitcoin is highly volatile so never expect that its price will stay high or low consistently. But for sure bitcoin won’t settle for any low or less value, but it’s price will always appreciate in time, we just have to wait for the right time when it’s suppose to happen.

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Quote from: shanhaigamefi on May 13, 2024, 03:46:57 AM

Renowned analyst Michaël van de Poppe has recently provided analysis and predictions on the Bitcoin, Ethereum and altcoin sectors. The analyst said that Bitcoin is currently trading in a tight range and could rise to around $70,000 to $72,000 if it breaks through the $63,000 level.

Personally, I don't focus on these ranges and I don't trade bitcoin. 60-70k is a range we've visited a couple times over the years and it's not something I'd react to as a bitcoin holder, unless I had a very good reason to do so. It's the 80k+ that's interests me and this is where the real fun begins, when we go above 75k and people start to FOMO.
IMO bitcoin has a potential to go towards $100k and that's going to be the main resistance line because it's such a big and round number, like $1k used to be in 2013. That's where many people will decide if they want to continue holding bitcoin or if they have enough money already.

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Quote from: shanhaigamefi on May 13, 2024, 03:46:57 AM

Regardless, cryptocurrency investors are always looking for opportunities to buy on dips.

Renowned analyst Michaël van de Poppe has recently provided analysis and predictions on the Bitcoin, Ethereum and altcoin sectors. The analyst said that Bitcoin is currently trading in a tight range and could rise to around $70,000 to $72,000 if it breaks through the $63,000 level.

As of now, Bitcoin is trading at $61,707, down 3.7% in the past week and down 8.4% in the last month. All eyes are now on the key data released by the United States next week that will determine the fate of Bitcoin and the cryptocurrency market.

Well Bitcoin is starting to show its power hitting 67k as of typing and looks like there will be a good hype coming anytime soon?

Actually it is given that every dumping there will be an increase and with Bitcoin have had halving recently?I think there will be good thing coming to Bitcoin market .

Kelward

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Quote from: Woodie on May 17, 2024, 12:44:59 AM

Quote from: Marvell1 on May 13, 2024, 06:34:24 AM

You don't need to consult or listen to analysis from any analyst, bitcoin's price increase is inevitable and will definitely happen, the only problem is time. That's why people often advise each other not to pay too much attention to the short-term volatility of bitcoin, look at the long term and bitcoin will never disappoint us.

I have not heard this in a long time and like the advice

It's funny how all these guys have appointed themselves experts of Bitcoin but where nowhere to be seen when price was worthless and few believed in crypto...but today have become the loudest!!

Btw, I do agree we don't need the so called consultants because we already know that Bitcoin supply is in a limited supply and price is going in one direction..which is UP.

What is certain is that after this short term Bitcoin price pump and dump, that the only place that it's going is up, it's obvious from previous experiences that after halving, it'll be price dip and after that it'll be straight way to bull run. This is why many old time investors are not bothered about the short term price dip or speculations, because after all said and done price surge will lead us to bull run, and we don't need a prophet to prophecy this fact. Maybe price surge might start sooner than we expect, presently it's at $67k, so breaking the former ATH might happen soonest, then there'll be no major dip till after the peak of bull run.

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Quote from: Marvell1 on May 13, 2024, 06:34:24 AM

You don't need to consult or listen to analysis from any analyst, bitcoin's price increase is inevitable and will definitely happen, the only problem is time. That's why people often advise each other not to pay too much attention to the short-term volatility of bitcoin, look at the long term and bitcoin will never disappoint us.

agreed with this, people too fixated on the short term volatility like current price dipping but actually in the grand scheme of things most specifically bitcoin historical chart prices, we are still up higher more than ever, current dipping even doesn't give a dent to what bitcoin has achieved over the course of years.
honestly there phrase holder always win exist not without a reason, at the end of the day people who bought at the very bottom around $20k right now already having good profit of 300% increase, these people are holder that even with many negative news around bearish they are diamond hand that refuse to sell it at such low prices.
the long term investment with bitcoin is always good, from current chart itself we always see that price consistently increases.
even people who bought at ATH back then are profitting already.
just really can't go wrong with long term investment, just be sure to buy low when there's bearish.

Topic: I believe Bitcoin will surge to new heights after this dip - page 2. (Read 724 times)