Topic: I believe Bitcoin will surge to new heights after this dip - page 4. (Read 788 times)
Many people believe that after the dip bitcoin will reach another ATH price, but there are also investors that didn't believe on it because it needs time, we have different sight with regards to bitcoin investment we also have different limitations and emotion when market is on dip, that's the main reason why some earn and some people lose, we don't really know what's next or how many years will come before we can see another ATH all we can do is just prediction. No one can tell us the correct price because the nature of btc price is high on volatility and i believe that all we need is patience to earn.
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.
All eyes? Hahaha, I don't think the US data is having a lasting impact on Bitcoin other than Bitcoin traditions, news and data like inflation and others. Fine, the US news is key since the USD is the most paired currency with Bitcoin, and it is most popular and mostly traded at the same time, but yet, in my experience, it often has limited effects, the news' effect subsides soon enough.What I envisage for the cryptocurrency market, especially for Bitcoin is a tight-range market for now. You will be seeing it hitting some higher levels thinking it would go further, but it will soon slip back to selling and hit some lows thinking it would sell further, but would again reverse higher and rebound to hit higher levels once more. It will continue over and over again until $73,850 is breached on the higher side, or $56,450 is breached on the lower side for either buying or selling continuation to happen.
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.
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.
In mid-May, we had a lot of news related to inflation and everyone was waiting, but even if the results were not as expected, there was nothing scary. The negative effects will also be absorbed soon, bitcoin will have a correction because of them but then bitcoin will also recover.
I remember in 2022-2023, we had a war, inflation peaked, the Fed continuously raised interest rates but could not stop the recovery of bitcoin. And at the present time inflation has decreased somewhat, the impact from the war is no longer too much, so there is nothing to fear.
In mid-May, we had a lot of news related to inflation and everyone was waiting, but even if the results were not as expected, there was nothing scary. The negative effects will also be absorbed soon, bitcoin will have a correction because of them but then bitcoin will also recover.
I remember in 2022-2023, we had a war, inflation peaked, the Fed continuously raised interest rates but could not stop the recovery of bitcoin. And at the present time inflation has decreased somewhat, the impact from the war is no longer too much, so there is nothing to fear.
I agree with you, we have had all the worst possible scenarios in recent times, war in Russia, FTX, inflation, war in Israel... and bitcoin continued its natural movement, it is even well advanced, I imagined that at halving the price would be at 35-40k range. But it passed that and we reached ATH, an unprecedented fact... I'm quite bullish, this year and the next promise to be very interesting, just be patient.
If we zoom out the chart and look at the long-term picture, bitcoin has only had one trend over the past 15 years: bitcoin has only gone up and up. And because bitcoin is a financial market, short-term corrections are normal and not surprising. If someone takes the time to study how financial markets work and about bitcoin, people will realize that bitcoin will increase in price and will reach ATH over time. And we don't need to listen to any expert explanations or analysis.
The worst scenario we will face is that history will not repeat itself and we will not have a bull season after the halving. But in the long run, bitcoin will still increase and increase over time.
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.
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Right. If there would be significant price increase after this dips, I have high hopes that it would be above $73k already, higher compared to what we achieved before halving comes. Probably we can be more hopeful seeing $80k to $100k price range but most likely, it may take couple of months first before we will see this happening.Hope to expect the latest more dominant achievements may be 2025 even though in the next few months we have a desire to occur positively.
However, this should not be our focus for today, but make sure to take advantage the market while bitcoin has not reached yet it’s new all time high which I think will be possible when final bull run comes, if not this year, probably next year.
ATH is a new incident that will definitely be achieved according to us is optimistic. It is true that we don't think too much about it. If it does not happen this year, it is still possible to happen next year. Instead, it's better to focus on efforts to add volume regularly. 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.
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.
I think the analysis is quite basic and worth referring to. If you have bought at a price of $ 60,700 yesterday you should just hold it according to the directions that have been analyzed by Michaël van de Poppe and the process is like that and why a reputable analyst will always maintain his integrity in giving information.
What you don't do is follow the signals in the telegram group that always buy this coin now, even though if we check the price has increased by more than 10% after posting. Beware of signals that such models will be fatal as a result, let alone the market again declining phase.
It's yet to know that Bitcoin will surge or it will get more dips but if I'm not wrong then it's the time when weak hands will continue selling their holdings and also the ones who have been holding their Bitcoin that they bought at previous bull run's ATH.
Institutional investors want to see more dips because they want to accumulate more Bitcoin at cheap rates. I'm 100% sure that anyone who invests in Bitcoin now will have potential profits if he/she holds the investment for 1 and half year. Of course long term holders will gain more profits.
Institutional investors want to see more dips because they want to accumulate more Bitcoin at cheap rates. I'm 100% sure that anyone who invests in Bitcoin now will have potential profits if he/she holds the investment for 1 and half year. Of course long term holders will gain more profits.
its obvious, from the chart shows that we have exactly matching pattern to previous bullrun and currently getting some price correction and its totally normal and inline with whats reflected from the past chart,
i'm sure that we gonna go as high as $100k after this price dips and the price surge will probably happened at the end of the year but to be frank there's no way to determine exactly when the price surge gonna come anyway.
one thing for sure, couldn't go wrong with buying at current price dip because we might double the investment if the bullrun were really to come.
many people are probably doubtful due to the market showing rather weak price movement towards bullrun but thats totally okay.
previous bullrun peolpe are also full of doubts before they see that the price has grown to the height that they don't really expect.
the doubt will eventually subsides and will turn into euphoria once they know that the price keeps surging and surging though undoubtedly in every bullrun there's price limit.
i'm sure that we gonna go as high as $100k after this price dips and the price surge will probably happened at the end of the year but to be frank there's no way to determine exactly when the price surge gonna come anyway.
one thing for sure, couldn't go wrong with buying at current price dip because we might double the investment if the bullrun were really to come.
many people are probably doubtful due to the market showing rather weak price movement towards bullrun but thats totally okay.
previous bullrun peolpe are also full of doubts before they see that the price has grown to the height that they don't really expect.
the doubt will eventually subsides and will turn into euphoria once they know that the price keeps surging and surging though undoubtedly in every bullrun there's price limit.
Not only you, almost everyone believe we will see a bull season after few months dips, just take a look with the past histories.
I agree with you, bitcoin is bigger than just one country, and the op saying that the fate of bitcoin will be determine by data which is to be release by a single country is wrong. Just as you have rightly said, even if United States ban bitcoin or whatever data that they will release doesn't support bitcoin that doesn't change anything. China banned bitcoin yet nothing happened, bitcoin is bigger than what some people thinks or imagined. There are many more countries that are adopting everyday and many others will still follow, trying to make one country as having authority over bitcoin is wrong from the Op. 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. 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.
Some may see the dipping of the market as a chance to acquire more bitcoin while some may lose confidence and start selling theirs. Just choose which one you want to be.
When prices decline, of course there are two types of investors. some have lost confidence in bitcoin so they panic and sell, there are also those who use this price drop as a discount price for buying bitcoin. Basically it's up to us to choose, but if he is a true bitcoiner of course he will choose the right choice, namely taking advantage of the decline as a price cut because he believes this decline is positive before the price jumps higher.Quote
It’s not that difficult to imagine since bitcoin already reached up to $70,000 or more during its peak. At this point it is just a matter of “when” and not “if”. We better prepare and get ready for when the bull run properly starts.
We have just gone through the bitcoin halving, of course if you look at the history of previous halvings the bull run will occur after a few months after the halving so the bitcoin price to reach $80k could also happen in the next few months just don't ask when, what we need to do now is prepare before the bull run happens so that we don't regret it later when the bull run happens.
Is there any upcoming Bitcoin event that I am missing? As you mentioned, everyone is waiting for the upcoming weeks, so expect something. For a few weeks, Bitcoin has shown negative movements; it's like something Bitcoin takes a break for fueling. And the altcoin market crashed unexpectedly, if you compare it with Bitcoin. So once bitcoin started pumping, and I hope alts will recover so fast as well. But the question is: when will Bitcoin start pumping? We know someday Bitcoin will touch $100K, but we don't know the timing. So holders will be gainer always. For me, we may see a green candle in the next month. Because already took enough rest.
We are all hopeful that it will bounce higher after all BTC always does this after halving. It better be higher because I think a lot of people already risk their savings hoping this halving will bring the once-in-a-lifetime opportunity for them. Its the waiting for it to happen that is however going to test the patience of those who are impatient.
Although I have faith in a new ATH in the near future, the fact is that we can't be sure about it. Maybe this is not the best forum to ask for predictions because we all love Bitcoin so we are all biased, and I cannot agree with those who claim that the 100k price is a sure thing, even if I believe myself that it's gonna happen.
Left the future aside, the fact is that I'm not worried about present dips. It was not exact science, but many people foresaw a dip after the halving, it has happened before, and has nothing to do with the next move, normally upwards. In fact, I would say that it is even healthy, the shakeout I mean.
Left the future aside, the fact is that I'm not worried about present dips. It was not exact science, but many people foresaw a dip after the halving, it has happened before, and has nothing to do with the next move, normally upwards. In fact, I would say that it is even healthy, the shakeout I mean.
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.
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 does not matter if it takes one more week or a few weeks before breaking out the range. Also, no one can say that this is the final dip before Bitcoin going towards the all time high again. It can dump a few more times too before moving out of the range.
My point is that no one can time the market perfectly but one thing we all are at an advantage is that bitcoin will reach new highs in this bull season so the current prices are the time of shopping where you can accumulate bitcoin as much as you can. After a few months, we shall regret that we did not buy Bitcoin at its current price.
Well, I think a lot of people believe this. However, I feel that the current situation is one where we can increase the amount of investment we have. Maybe quite a lot of people still haven't added to their portfolio, and now is the right time. Currently, we don't know how the market will move, but I also feel that at any time a bull market could occur.
Definitely this is a dip and every dip is a buying opportunity. People just want the bull run to come fast which is not the way. There was a very strong bullish movement in last 10 months. So base on demand and supply theory and the history of bitcoin it was logical to assume that we will be hit with a dip for some months. Many took profits while the new ATH was gotten which should have caused the dip.
Now it’s time to accumulate and wait for the correction to be over.
Certainly bitcoin will recover back and make a new price Hight in the future, this is part of the volitilities in bitcoin and reason why the asset is valuable at all time, holding bitcoin is far more better when you are not checking or minding the market price at USD values on short term bases.
Although none the less, with time we are going to see alot of possibility after the dip and I wish to congratulate everyone what just buy in the last dip.
Although none the less, with time we are going to see alot of possibility after the dip and I wish to congratulate everyone what just buy in the last dip.
Not only you, almost everyone believe we will see a bull season after few months dips, just take a look with the past histories.
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. 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.Yup, just as Jawhead999 said, we are all just hanging around waiting for the
"big surge"... its to be expected based on Bitcoins post halving performance
from previous events.
The OP's thread title is kind of stating the obvious and stating it for us all!
$70k - $72k actually isnt that exciting anymore, thats not new territory, things will
get really exciting when we pass that and break new ground and explore the
$100k territories!
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.
Which key data are you talking about, are you talking about CPI data? Well if yes then thanks for sharing this with us, as I was not keeping an eye on this due to some tight schedule. I will also keep an eye on it because this release make good impact on the price if its on the side of crypto. Speaking of analysis, many analyst have made the same prediction, I also read this very same prediction from another person.I think if such predictions are being implanted in the minds of people via news and social media then market will definitely touch that point as people will become a little bit greedy mostly the new ones, when they will see the hype that BTC is going back to $73k then they will definitely put there money in and price will go up and they will be waiting for $74k or $73k while the real players would have booked the profit a little lower then that and must have exited from the market for another good entry.
If there would be significant price increase after this dips, I have high hopes that it would be above $73k already, higher compared to what we achieved before halving comes. Probably we can be more hopeful seeing $80k to $100k price range but most likely, it may take couple of months first before we will see this happening.
Dips are necessary to clean the market and help it to prepare for next price discovery in a bull run. However, it's unrealistic to hope that price will grow sharply after a dip, and even if price moves like this, it will not be sustainable growth. We need a more sustainable growth with good preparation from re-accumulation that will take some months to finish.Quote
However, this should not be our focus for today, but make sure to take advantage the market while bitcoin has not reached yet it’s new all time high which I think will be possible when final bull run comes, if not this year, probably next year.
Take advantage of dips to load more bitcoins, with discount price, is good for investors who are experienced and can wisely invest their money at entries which can help them to maximize bitcoin they can purchase with same capital. Jump to: