In July do we go bull and pass 75k? - page 2.

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Quote from: Yaunfitda on July 15, 2024, 06:37:51 AM

Quote from: Xcode7 on July 15, 2024, 02:25:09 AM

Quote from: STT on July 14, 2024, 07:39:44 PM

Odds looking much better as of this week with such a positive close to the weekly bar it reverses the prior negative outlook. My idea of a double top formation even if not that serious in its power or amplitude failed, not of great consequence. From previous experience where a negative play or scenario fails to play out then expect the reverse bounce back to be quite probable

This has been seen and even in the last 2 days the Bitcoin price has experienced a very fast recovery after last week's correction.
The scenario that happened before is no longer valid now, we have seen many things that were not predicted or compared to what happened before, so it is quite possible for it to happen again now.
In July to be able to reach 75k I think it is still possible if the positive trend like now continues, it is between hope and also a possibility that I can no longer compare.

Currently, we've reach as high as $63k as the investors looks very positive, and perhaps they are happy to see that the German government is done with their dumping as they don't have any Bitcoin yet to sell. Others says that it was due to Donald Trump's failed assassination, but I can't find any correlation yet. But what it shows that the market is very resilient and this week could be something specially at we might hit $65k. The bulls though might be exhausted, but there are still a lot of time this month. Maybe at the near end, we might see $70k. But going to be different close though for the bulls to go past that $75k as that could be a new all time high and so that will be a big barrier in front of us right now.

Am not too certain of the causes that actually haulted the speed at which Bitcoin was driving earlier this year but I think everyone would agree that the halving plus the corrections of the Bitcoin price as speculated made the slow. And up till now some scared investors are still asking if Bitcoin would reach the supposed 100k mark looking at all the setbacks happening but my answer is always Bitcoin is always heading forward even when it experiences bear season so time is the factor to determine when the 100k price will be achieve.

STT

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DCA is correct as BTC remains positive across years but I would disagree about unpredictable behavior as BTC has just been range bound. BTC might be wild at times in its actions but right now its fenced in hence I dont expect 75k. To get to 75k would be breaking new ground past prior boundaries set. We should only expect BTC price action to repeat its pattern within the upper and lower boundaries observed prior, until alot of evidence points otherwise.

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Quote from: Xcode7 on July 15, 2024, 02:25:09 AM

Quote from: STT on July 14, 2024, 07:39:44 PM

Odds looking much better as of this week with such a positive close to the weekly bar it reverses the prior negative outlook. My idea of a double top formation even if not that serious in its power or amplitude failed, not of great consequence. From previous experience where a negative play or scenario fails to play out then expect the reverse bounce back to be quite probable

This has been seen and even in the last 2 days the Bitcoin price has experienced a very fast recovery after last week's correction.
The scenario that happened before is no longer valid now, we have seen many things that were not predicted or compared to what happened before, so it is quite possible for it to happen again now.
In July to be able to reach 75k I think it is still possible if the positive trend like now continues, it is between hope and also a possibility that I can no longer compare.

Currently, we've reach as high as $63k as the investors looks very positive, and perhaps they are happy to see that the German government is done with their dumping as they don't have any Bitcoin yet to sell. Others says that it was due to Donald Trump's failed assassination, but I can't find any correlation yet. But what it shows that the market is very resilient and this week could be something specially at we might hit $65k. The bulls though might be exhausted, but there are still a lot of time this month. Maybe at the near end, we might see $70k. But going to be different close though for the bulls to go past that $75k as that could be a new all time high and so that will be a big barrier in front of us right now.

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Quote from: STT on July 14, 2024, 07:39:44 PM

Odds looking much better as of this week with such a positive close to the weekly bar it reverses the prior negative outlook. My idea of a double top formation even if not that serious in its power or amplitude failed, not of great consequence. From previous experience where a negative play or scenario fails to play out then expect the reverse bounce back to be quite probable

This has been seen and even in the last 2 days the Bitcoin price has experienced a very fast recovery after last week's correction.
The scenario that happened before is no longer valid now, we have seen many things that were not predicted or compared to what happened before, so it is quite possible for it to happen again now.
In July to be able to reach 75k I think it is still possible if the positive trend like now continues, it is between hope and also a possibility that I can no longer compare.

STT

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Odds looking much better as of this week with such a positive close to the weekly bar it reverses the prior negative outlook. My idea of a double top formation even if not that serious in its power or amplitude failed, not of great consequence. From previous experience where a negative play or scenario fails to play out then expect the reverse bounce back to be quite probable

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So anyway, I applied as a merit source :)

I dont think there is any such thing as "defeat" in trading. You just need to be patient and seize the right moment.

As July mid we are seeing a bull run after that Germany sell off and MtGox (again) downtrend which ruined the first half of this month. If the time is right 75k might get hit but it will soon drop back to "manageable" levels, 75k is too high to be able to sustain support levels.

The buying point has passed for this month it seems.

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Well, even though I think I have an advantage in commenting in the middle of the month, I'll give my opinion. I think it's going to be difficult, although it is possible that it could start to rise towards the end of the month. It's not exactly the same time in the cycle but in 2017 the price was relatively flat in June and July, and then started to rise in August, culminating in the December peak of that year. Let's hope it happens like that now and we don't have to wait a year.

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Quote from: wiss19 on July 10, 2024, 11:29:03 AM

Quote from: aoluain on July 09, 2024, 06:47:56 AM

I'm going with a maybe, I'm being a little conservative for this month because I got June's
sentiment wrong and held off commenting for July.

With the current market price of ~$55k its easy to be negative but we have another 3 weeks
to rebound from the negative affects of Germany's sell off and the resulting long positions liquidation,
its only a matter of time before its the shorts which will get blitzed from the inevitable rebound
from all the negativity, it could be this month!

The only caveat is the MtGox payouts continuing and how the market will react . . .

You know what, you shouldn't down your self only because you got a wrong prediction because to have a wrong prediction, especially here in the crypto market is only normal due to how volatile the cryptos are. When you say it's easy to be negative, are you referring only in this thread? Or that was only your sentiment about the market because we can't be negative for BTC even though its value is dropping because it never fails us to show a recovery.

There is no way someone will always be very accurate in predicting the price of Bitcoin because every season is not always the same and it happens that most people draw there conclusions from the way the price of Bitcoin behave on a particular month on the previous seasons, though sometimes they normally get it right but not all the time especially in this year because for long now people has predicting for the Bitcoin price correction immediately after the halving but we did not see anything like that but instead the price started moving unexpected ways however we still don't know if the Bitcoin price has done the main correction when it was below $55k and now it has rise to $60k, however what is your take on the Bitcoin current price now? don't you think it may not possibly go back $55k again?.

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Quote from: Sexylizzy2813 on July 11, 2024, 06:53:20 PM

Getting to $75k is the problem since the market price hasn't been making any progress on its movement, before now I was expecting the market price to still be at this range $60k-$65k but nothing to show for, is it that Bitcoin price is trying to go way down to $35k before making a move back up? Because as it is the $75k isn't happening anytime soon, not this month maybe next 2 months depending on what the market is giving. For sometime it has been between $55k-$60k so can we still hope on getting to $65k before $75k? To me the market is not progressing, at least for now.

Market hindered heavily by the dumping caused by some entity, so many people are confused and distracted but since the dumping has finally ended market bounced back in no time, if it could break resistance $60k it means we're still in bullrun and right now it seems price floating around this point.

good thing though already accumulated since when BTC hits sub $56K so i'm already in profit but current price point isn't that bad for entry as well knowing that it could very well go back up to $74k again eventually if the market really still bullish.

just around ~0.004 BTC left in german government's wallet Cheesy

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Dickiy

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Quote from: Sexylizzy2813 on July 11, 2024, 06:53:20 PM

Getting to $75k is the problem since the market price hasn't been making any progress on its movement, before now I was expecting the market price to still be at this range $60k-$65k but nothing to show for, is it that Bitcoin price is trying to go way down to $35k before making a move back up? Because as it is the $75k isn't happening anytime soon, not this month maybe next 2 months depending on what the market is giving. For sometime it has been between $55k-$60k so can we still hope on getting to $65k before $75k? To me the market is not progressing, at least for now.

The market has been rising slowly over the past few days. And the current market price has touched $60k, so we don't need to panic about the market situation, because we are here only guessing without knowing what will happen, no I don't believe bitcoin will experience a price drop to $35k, although it could happen but I doubt it for now seeing stable market movements.

$65k can still be or $75k as you mentioned, if the movement to get there is considered slow or takes several months, but it will definitely happen to that target, I'm not worried, I will take advantage of the current market conditions to accumulate my bitcoin.

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Quote from: philipma1957 on June 29, 2024, 10:29:26 AM

I am still bullish I will dca this month. I also believe we pass 75k in July.

I jumped the gun and started a July poll.

But being into dca and bullish I do not want to back off and accept defeat for btc.

Getting to $75k is the problem since the market price hasn't been making any progress on its movement, before now I was expecting the market price to still be at this range $60k-$65k but nothing to show for, is it that Bitcoin price is trying to go way down to $35k before making a move back up? Because as it is the $75k isn't happening anytime soon, not this month maybe next 2 months depending on what the market is giving. For sometime it has been between $55k-$60k so can we still hope on getting to $65k before $75k? To me the market is not progressing, at least for now.

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Quote from: JollyGood on July 09, 2024, 02:51:51 PM

Well, we are in to July and look at the state the price of Bitcoin is in at the moment. Many of us had hopes we would be looking at high prices and breaking new highs but that seems a distance away. We know it will happen eventually but right now there is no chance. The current $57,000 is a big disappointment considering people were talking about $100,000 in other threads and $75,000 in this thread.

Yes, that's right, three months ago no one even liked to talk about BTC going back down to even $60k or $55k but BTC is at $57k, $58k, and unfortunately it is completely contrary to people's expectations but the fact is that the crypto market does not run on anyone's hopes or wishes.

I think the ups and downs of the crypto market are the reason for its beauty and attraction. Ups and downs in the market are great opportunities for us to collect more coins and prepare ourselves for more profits. Understand well and trade at the right time.

Bitcoin will go up by the end of the year according to my guess, the rest depends on how the market behaves and if there aren't a lot of FUDs and negative news, in such a case, it may not happen, but there are more chances that Bitcoin will go up by the end of the year.

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Quote from: philipma1957 on June 29, 2024, 10:29:26 AM

I am still bullish I will dca this month. I also believe we pass 75k in July.

I jumped the gun and started a July poll.

But being into dca and bullish I do not want to back off and accept defeat for btc.

As long as there is an opportunity to save, let's just take advantage of it. That's all we should do if we expect something to happen in the future, right? If we have started the DCA, let's just keep going and don't stop.

This is the only thing we can do, and it is difficult to keep up with the movement of the market now that the market is very volatile and there is a bit of a mixed movement happening. We are bullish in the short term, but at the same time, we are still bullish.

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Quote from: EarnOnVictor on July 10, 2024, 04:41:11 AM

What happened in June has made me stop a strong disposition on the bullishness of Bitcoin, I would rather do what my trading chart tells me to do, this is what I know that has not failed me in the medium and long term disposition. As usual, the excitement has come for Bitcoin enthusiasts with the coin rebounding upward again but I still see more barriers to challenge it than easy passage. Bitcoin will have to break above $62,120 and hold above it with a daily close before I call a bullish trend for it.

Owning to this, presently, I am neutral this month, but later, it may change to a positive or negative stance depending on what the market does for now. If the market could return to negative price action on the daily and weekly chart without breaking $62,120 upward, I will be negative about hitting $75,000 this month. However, if it breaks and holds above $62,120 with a positive price action on the 1D and 1W chart, I will be positive about the level.

I do agree that June wasn't a good month, but that doesn't mean that we are going to have many bad months back to back, July could very well be a good month. Plus summers are usually not great time for bitcoin to go up, we could see the summer being not so great, but by fall we could see it do a lot better.

I think being neutral to this month is a good idea, I think staying like that makes sure that you know what you are doing and you are not expecting much, and you are waiting for the future. I buy as much as I can afford to, very small these days, but I still do it, just in case, because I do not expect it to go up now, it would be great if that happens, but I actually aim at later on, like September or later, to make it go up. That's why I am holding.

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Most voted options are DCA and No, which shows you that people are willing to buy even on a bad market, and even if they think it is going to be a bad market. I think it can rise, will it rise above 75k? I am not sure about that because it may not happen, but that's just the way I think we are going to end up with, and that should be something that we can care about.

I feel like we are going to end up with something that will take some time, and that shouldn't be really a big deal, it can't be all that much of a big problem. I personally believe that we are going to end up with something much better, and that's the important part. Like maybe it won't be 75k, but it will be 65k, would we be upset about that? That's an increase and I would still be happy with it.

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A huge reason why Bitcoin is used to invest by risk takers is precisely because of volatility. When investors are not interested in the long term, they are buying in the hope they will see quick price rises that they want to cash in on. We are already a third though this month and with 20 days remaining there is virtually no chance we will reach a new peak this month.

Quote from: Finestream on July 09, 2024, 03:58:55 PM

Bitcoin is experiencing consistent price dump these days, or let's just say it's just part of market price correction. If this goes through until the end of July, I guess bitcoin won't definitely reach a new peak within this month but most probably within the next, following months.

However, because bitcoin is highly volatile, I still don't lose the possibility that maybe surprises may come along the way, who knows? Bitcoin will always be unpredictable so we can't hold whatever its price will be. But one thing is certain, if there won't be big news that will hit Bitcoin positively, then surely the momentum to increase its value will never be seen.

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Quote from: aoluain on July 09, 2024, 06:47:56 AM

I'm going with a maybe, I'm being a little conservative for this month because I got June's
sentiment wrong and held off commenting for July.

With the current market price of ~$55k its easy to be negative but we have another 3 weeks
to rebound from the negative affects of Germany's sell off and the resulting long positions liquidation,
its only a matter of time before its the shorts which will get blitzed from the inevitable rebound
from all the negativity, it could be this month!

The only caveat is the MtGox payouts continuing and how the market will react . . .

You know what, you shouldn't down your self only because you got a wrong prediction because to have a wrong prediction, especially here in the crypto market is only normal due to how volatile the cryptos are. When you say it's easy to be negative, are you referring only in this thread? Or that was only your sentiment about the market because we can't be negative for BTC even though its value is dropping because it never fails us to show a recovery.

We want a rebound but the question is if the Germans also wants it? Anyway, that's great if Mt.Gox finally released the payout of the victims. I think the effect of it in the market is neutral or even positive because the price is still low for the receivers to sell.

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Quote from: philipma1957 on June 29, 2024, 10:29:26 AM

I am still bullish I will dca this month. I also believe we pass 75k in July.

I jumped the gun and started a July poll.

But being into dca and bullish I do not want to back off and accept defeat for btc.

What happened in June has made me stop a strong disposition on the bullishness of Bitcoin, I would rather do what my trading chart tells me to do, this is what I know that has not failed me in the medium and long term disposition. As usual, the excitement has come for Bitcoin enthusiasts with the coin rebounding upward again but I still see more barriers to challenge it than easy passage. Bitcoin will have to break above $62,120 and hold above it with a daily close before I call a bullish trend for it.

Owning to this, presently, I am neutral this month, but later, it may change to a positive or negative stance depending on what the market does for now. If the market could return to negative price action on the daily and weekly chart without breaking $62,120 upward, I will be negative about hitting $75,000 this month. However, if it breaks and holds above $62,120 with a positive price action on the 1D and 1W chart, I will be positive about the level.

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Quote from: bbc.reporter on July 09, 2024, 10:31:14 PM

Quote from: darkangel11 on July 06, 2024, 03:10:17 PM

Quote from: bbc.reporter on July 05, 2024, 09:28:57 PM

It might be good for a small reentry to speculate on the launch of the Ethereum ETF which was delayed. However, this will certainly launch, I reckon maybe on 3rd week of July. This will not only bring bullishness on Ethereum and other altcoins. We can be very much certain that this will also bring bullishness back to bitcoin heheheh.

IMO it's going to disappoint. I'll be really surprised if it manages to break above $4k, but speculators and fans of ETH claim it can go to 6-8k by the end of the year.
Not my type of speculation though. I no longer bet on altcoins.

Quote

Also, has everyone read the news articles on Vaneck and their application for a Solana ETF? This will certainly also bring bullishness to the cryptospace including bitcoin.

An altcoin bringing bullishness to bitcoin? The last time that happen it was when Do Kwon bought bitcoin to add legitimacy to his shitcoin.

Why do you not reckon that bullishness for Ethereum and Solana will not bring bullishness to the whole cryptospace including bitcoin? It is not very much similar before 2017 where anyone who wants to buy an altcoin will need go buy bitcoin first because trading pairs with bitcoin were the most liquid. Presently it is stablecoins trading pairs that are the most liquid in the cryptospace. No need anymore to go through bitcoin.

On the speculation on where Ethereum will be after all ETF inflows not only beginning inflows, my prediction will be $10k on 2025. I am quite certain this bullishness will also be brought on bitcoin.

ETH ETF or maybe later we will also have SOL etfs and these news are all positive news for our crypto industry. That affirms the potential of cryptocurrency as well as helps us gain a foothold in the world financial market and be able to compete with other markets. Additionally, the more coins that are legalized, the more money flows into the market, which in turn drives growth for the entire industry, which is a very good thing indeed. But the confusing thing is that some people are so selfish that they only want bitcoin to be legal and the rest to become useless or collapse.
10k$ per ETH is really too modest for ETH, I think ETH will reach even higher in the distant future.

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Quote from: darkangel11 on July 06, 2024, 03:10:17 PM

Quote from: bbc.reporter on July 05, 2024, 09:28:57 PM

It might be good for a small reentry to speculate on the launch of the Ethereum ETF which was delayed. However, this will certainly launch, I reckon maybe on 3rd week of July. This will not only bring bullishness on Ethereum and other altcoins. We can be very much certain that this will also bring bullishness back to bitcoin heheheh.

IMO it's going to disappoint. I'll be really surprised if it manages to break above $4k, but speculators and fans of ETH claim it can go to 6-8k by the end of the year.
Not my type of speculation though. I no longer bet on altcoins.

Quote

Also, has everyone read the news articles on Vaneck and their application for a Solana ETF? This will certainly also bring bullishness to the cryptospace including bitcoin.

An altcoin bringing bullishness to bitcoin? The last time that happen it was when Do Kwon bought bitcoin to add legitimacy to his shitcoin.

Why do you not reckon that bullishness for Ethereum and Solana will not bring bullishness to the whole cryptospace including bitcoin? It is not very much similar before 2017 where anyone who wants to buy an altcoin will need go buy bitcoin first because trading pairs with bitcoin were the most liquid. Presently it is stablecoins trading pairs that are the most liquid in the cryptospace. No need anymore to go through bitcoin.

On the speculation on where Ethereum will be after all ETF inflows not only beginning inflows, my prediction will be $10k on 2025. I am quite certain this bullishness will also be brought on bitcoin.

Topic: In July do we go bull and pass 75k? - page 2. (Read 1250 times)