I believe Bitcoin will surge to new heights after this dip - page 3.

justdimin

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Quote from: Woodie on May 16, 2024, 11:44:59 PM

Quote from: Marvell1 on May 13, 2024, 05:34:24 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.

I mean it is clear that people will talk about short term, but they do not realize that short term could benefit from long term as well. Think about it this way, unless you are doing like margin, futures etc where you could get liquidated, then it means that you can hold.

So go ahead, buy whatever you want, however you can afford, if you are right and it goes up then you can sell, and if you are wrong then just buy more and hold. So that is why long term matters when trading, people who are analysts try their best to make whatever they can, but if you know what you are doing and your only aim is to get richer and richer, and not get rich quick, then it means you could do this without a problem at all.

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Quote from: shanhaigamefi on May 13, 2024, 02:46:57 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.

It is possible to change the current trend momentum, because it is possible that every month from now there will be a change in terms of its price in bitcoin, and others will follow it
with more altcoins too, for sure.

This is what I have seen in previous bull runs, according to the research I am doing at the moment, as if history has always repeated itself in the past few halving's. That's why we don't know how the whale manipulators will do that in this bitcoin industry.

AnonBitCoiner

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Quote from: Volimack on May 14, 2024, 08:33:53 PM

I also believe that bitcoin will go into a correction and bitcoin may double in value during a bull run. Bitcoin ups and downs It is normal thus bitcoin boasts its new record. Many investors are buying and holding bitcoin as the price drops making it a great time for them to buy bitcoin deep. Now if you don't it's not worth investing in anything. Investing in bitcoin is less risk of losing your money and it will be a nice in the future.

The corrections take place when there continues huge gain therefore after reaching to 73k$ the price of Bitcoin goes towards the phase of correction. Now everyone is feeling well because of the surging phase where the price becomes more valuable for all investors to take profit but most of them will wait more to enhance their profit.

The better feature of Bitcoin is that whenever it decreases in price then it does not mean that forever it will be lower but it has the capacity to turn greenish after some time. There is no more secure asset than Bitcoin so don't try to find another opportunity because there will be huge risk but Bitcoin can minimize your risk during each bull season.

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Quote from: Marvell1 on May 13, 2024, 05:34:24 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.

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Quote from: moneystery on May 15, 2024, 10:14:34 AM

Quote from: shanhaigamefi on May 13, 2024, 02:46:57 AM

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.

to say that the fate of bitcoin is determined by news from america seems to be an exaggeration, because the bitcoin market has performed well in recent years, even though at some times it has dropped significantly, but if we look back bitcoin has had an upward performance. and even as american authorities crack down on crypto platforms there, the bitcoin market is still growing. even though there is still an impact from news coming from america, i don't think it is so significant that it causes bitcoin to experience a serious decline, only a slight correction and that is a normal thing due to the market's response to the news.

Do you remember in 2022 when the war broke out, inflation in the US was at its highest level in the past 40 years, the Fed raised interest rates...and how severely was bitcoin dumped? Not only bitcoin but the entire world economy will also be seriously affected if the US economy has problems. Decisions like the bitcoin ETF, lawsuits surrounding the SEC and the market have significantly impacted bitcoin and cryptocurrencies. Therefore, it is impossible to deny the significant impact of news from the US on bitcoin or the cryptocurrency market.

I believe that bitcoin's rise to 66k USD in the past 2 days is a positive impact of inflation showing signs of decreasing and there is no better reason.

blckhawk

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Quote from: OgNasty on May 16, 2024, 02:59:02 PM

We do appear to be hitting up on the top side of the downward trading range that's formed over the last 3 months. That makes me think that a move up here would breakout of the trading range and allow Bitcoin to retest the all time highs. I suspect it's a very likely possibility that we'll see Bitcoin take another leg up to around $85K over the next 2 months. Then I think we'll see the distribution of the mtgox coins finally, and after a short digestion period we make a run for $100K before the end of the year. This may be my wishful thinking here, but I wouldn't want to be sitting on the sidelines right now.

Nothing wrong with wishful thinking besides it's following some form of pattern that indicates a growth so you're still good with the prediction that the price might be able to go up more than the current all-time high, I didn't know that the Mt. Gox coins would be distributed this month already, I thought that there's going to be some procedures that would involve claims and documents for proof that you've got something stolen from you by the hacks that happened to Mt. Gox. Damn, I do hope that you're right about the price going 100k beyond this year, just recently made a bet with my friend over a bottle of beer about this one, he doesn't have the belief that bitcoin would be able to go to that $100,000 milestone this year and I've taken that bet with him and so far with all the things that's considered about the movement of bitcoin price right now, I think I'm going to win that $100 bet from him.

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Quote from: goaldigger on May 16, 2024, 04:39:45 PM

Quote from: OgNasty on May 16, 2024, 02:59:02 PM

We do appear to be hitting up on the top side of the downward trading range that's formed over the last 3 months. That makes me think that a move up here would breakout of the trading range and allow Bitcoin to retest the all time highs. I suspect it's a very likely possibility that we'll see Bitcoin take another leg up to around $85K over the next 2 months. Then I think we'll see the distribution of the mtgox coins finally, and after a short digestion period we make a run for $100K before the end of the year. This may be my wishful thinking here, but I wouldn't want to be sitting on the sidelines right now.

There’s still a big chance for Bitcoin to reach that price, probably we are just waiting for the right momentum and timing in the market. There’s also a big speculation going on with Bitcoin, let’s see if it will create an up trend in the coming weeks. Don’t just sit there, do some actions that can make you more ready once the market started to pump again, better to play long with Bitcoin.

For now, we still have the opportunity to continue accumulating the amount of Bitcoin according to our abilities and we must be able to try as much as possible to be able to accumulate it so that we can enjoy the profits when the price increases later, if we just sit back and don't do anything, of course we can only look at other people who have achieved success and indeed it would be better if we could invest in the long term in Bitcoin to be able to profit from it.

goaldigger

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Quote from: OgNasty on May 16, 2024, 02:59:02 PM

We do appear to be hitting up on the top side of the downward trading range that's formed over the last 3 months. That makes me think that a move up here would breakout of the trading range and allow Bitcoin to retest the all time highs. I suspect it's a very likely possibility that we'll see Bitcoin take another leg up to around $85K over the next 2 months. Then I think we'll see the distribution of the mtgox coins finally, and after a short digestion period we make a run for $100K before the end of the year. This may be my wishful thinking here, but I wouldn't want to be sitting on the sidelines right now.

There’s still a big chance for Bitcoin to reach that price, probably we are just waiting for the right momentum and timing in the market. There’s also a big speculation going on with Bitcoin, let’s see if it will create an up trend in the coming weeks. Don’t just sit there, do some actions that can make you more ready once the market started to pump again, better to play long with Bitcoin.

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Quote from: malah on May 16, 2024, 12:12:21 AM

Bitcoin can be accessed by all people in the world for those who know how to do it mate, the US does not have the largest number of Bitcoin users, so don't be afraid of Bitcoin, there are still many people out there who will buy Bitcoin at whatever price is offered on it. they will buy the market. It's best if you don't have Bitcoin yet, you can immediately buy Bitcoin in large amounts because soon the bullrun will come.

New investors are coming to invest in Bitcoin and the number of Bitcoin users is also increasing. The Bitcoin bull market attracts more new Bitcoin users to invest in Bitcoin, as we have seen in the past how quickly the number of Bitcoin users grew. The current stage of the Bitcoin market is very interesting, as the market rebounds after every Bitcoin correction, which proves how much interest investors have in Bitcoin. So I expect Bitcoin to go back to new ATH very soon

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We do appear to be hitting up on the top side of the downward trading range that's formed over the last 3 months. That makes me think that a move up here would breakout of the trading range and allow Bitcoin to retest the all time highs. I suspect it's a very likely possibility that we'll see Bitcoin take another leg up to around $85K over the next 2 months. Then I think we'll see the distribution of the mtgox coins finally, and after a short digestion period we make a run for $100K before the end of the year. This may be my wishful thinking here, but I wouldn't want to be sitting on the sidelines right now.

Dailyscript

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Perhaps your right all along. Bitcoin has recovered in the last 24 hours and its doing extremely well now. I always tell people who are panicking that they should take a chill pill. Its a matter of time we would see the price of Bitcoin back to the ATH. Even so, it is not certain that the price wont drop a little before it reaches there.

Since so many are predicting 100k on or before December then the best time for Bitcoin to reach 8k should be in June. This is my speculating if we dont see the price of Bitcoin around 78k to 85k in the middle of the year then it may not reach the 100k target by December.

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Quote from: shanhaigamefi on May 13, 2024, 02:46:57 AM

I believe Bitcoin will surge to new heights after this dip

We know that everyone has their own speculation and understanding of Bitcoin after the halving occurred. We understand that it is everyone's right to consider how to consider it, experiences that have occurred after the halving, changes in Bitcoin are certain, but not for spikes, most likely towards a bear market.

But whatever happens, we remain committed to our own speculation, maybe it's for the best, for me a fall is more promising than a surge, Basically I hope the best for all Bitcoin users, whether they are in investment, trading and so on.

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Quote from: jrrsparkles on May 15, 2024, 09:59:45 PM

The fate of bitcoin doesn't depend on a single authority whether whoever that influencer mentioned in OP or news from a certain country like US. It will have it's influence but its not the entire thing is my point.

As of now we crossed 66K already and at this pace 72K is just a couple of days to reach but I have a strong feeling that we yet to see another correction before the actual bull lands.

OP is not saying that the fate of bitcoin depends on any authority, what he is saying is that news about inflation, interest rates will have an impact on bitcoin in the short term and that is true. Bitcoin is clearly being affected by inflation-related news, let's not try to deny it.

If you think that bitcoin is completely independent of the outside world and is not affected by any factors from the world economy. What is the reason why bitcoin skyrocketed to 66 thousand USD? And is it just a coincidence that when CPI was announced, bitcoin immediately increased again? By the way, what evidence do you rely on to prove that bitcoin will touch $72k in the coming days and it will not be affected by any news?

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Quote from: pinggoki on May 16, 2024, 12:51:27 AM

Quote from: jrrsparkles on May 15, 2024, 09:59:45 PM

The fate of bitcoin doesn't depend on a single authority whether whoever that influencer mentioned in OP or news from a certain country like US. It will have it's influence but its not the entire thing is my point.

As of now we crossed 66K already and at this pace 72K is just a couple of days to reach but I have a strong feeling that we yet to see another correction before the actual bull lands.

Or you can just look at the market and see that the movement is a pattern that would likely be recreated from past price movements, that's what most of these institutions and crypto influencers are basing their predictions on, they're not on some kind of baseless prediction so you don't have to be too skeptical about how they're doing their things. I can agree with you about not having any full correction yet though, I think that there's going to be a really big price correction coming, I guess we just need to split up all of the money that we're using for investment just so we can cover that possibility.

Let's just wait though, as per what I read, it was due to the good news that the inflation rate is somewhat slowing down in the US. And with that, the whales and retail investors moving in because of this positive news.

First order of the day though is not $72,000 but $70,000. This whole number is somewhat hard to break, but once we got into a good momentum and reach that price then obviously the next jump will be a new all time high next month.

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Quote from: jrrsparkles on May 15, 2024, 09:59:45 PM

The fate of bitcoin doesn't depend on a single authority whether whoever that influencer mentioned in OP or news from a certain country like US. It will have it's influence but its not the entire thing is my point.

As of now we crossed 66K already and at this pace 72K is just a couple of days to reach but I have a strong feeling that we yet to see another correction before the actual bull lands.

Or you can just look at the market and see that the movement is a pattern that would likely be recreated from past price movements, that's what most of these institutions and crypto influencers are basing their predictions on, they're not on some kind of baseless prediction so you don't have to be too skeptical about how they're doing their things. I can agree with you about not having any full correction yet though, I think that there's going to be a really big price correction coming, I guess we just need to split up all of the money that we're using for investment just so we can cover that possibility.

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Quote from: jrrsparkles on May 15, 2024, 09:59:45 PM

The fate of bitcoin doesn't depend on a single authority whether whoever that influencer mentioned in OP or news from a certain country like US. It will have it's influence but its not the entire thing is my point.

As of now we crossed 66K already and at this pace 72K is just a couple of days to reach but I have a strong feeling that we yet to see another correction before the actual bull lands.

Bitcoin can be accessed by all people in the world for those who know how to do it mate, the US does not have the largest number of Bitcoin users, so don't be afraid of Bitcoin, there are still many people out there who will buy Bitcoin at whatever price is offered on it. they will buy the market. It's best if you don't have Bitcoin yet, you can immediately buy Bitcoin in large amounts because soon the bullrun will come.

jrrsparkles

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The fate of bitcoin doesn't depend on a single authority whether whoever that influencer mentioned in OP or news from a certain country like US. It will have it's influence but its not the entire thing is my point.

As of now we crossed 66K already and at this pace 72K is just a couple of days to reach but I have a strong feeling that we yet to see another correction before the actual bull lands.

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Quote from: decodx on May 15, 2024, 03:56:03 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.

Bitcoin price keeps surprising us whether it’s bound to move upward or backward. What’s important is, despite of those inevitable news and updates effects, we all know bitcoin price won’t stay low forever, but it will always recover and skyrocket in the long run. However, the problem is bitcoin has always been mysterious that’s why it’s hard to predict accurately what will be the next move for bitcoin. But if you keep hodling your coins, you’ll have no reason to lose in the end.

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Quote from: shanhaigamefi on May 13, 2024, 02:46:57 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.

It would really be always a roller coaster like kind of behavior yet this market is always been like this or really that in default on which means that you should really be that mindful on the moments that it would really be making out some significant movement whether it would be dropping or pumping, then you should really know on when to enter and on when to exit. The main concern on here is to make money or profits with these
market movements or simply with the volatility. Speaking about new all time highs then Bitcoin didnt fail us to give those kind of surprises on which means that in every cycle on bull run event then we do see those new heights. The only thing that we should really be have in mind is to have those at least realistic number predictions or speculations and not into those numbers which are really that too far.

There are really just those people who are really that too positive into things on which the speculated numbers arent really that something realistic anymore.
You should mind yourself to be that placing into the bottom on which you could really be able to maximize that profitability.

decodx

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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.

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