Interesting BTC move. | Bitcointalksearch.org

Fara Chan

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Quote from: Bitwave01 on July 01, 2024, 06:41:48 PM

This move confirms that the market makers were trying to shake people out prior to this pump. It also confirms that a local bottom has been formed at around 60k which implies that buying around that price should be low risk as downside might be limited for the short term.

As a result of this, I can definitely see a big possibility of BTC going to 75k+ but as I mentioned, regardless of how confident we are about price targets and no matter what, it is always important to manage risk and have enough room to buy potential dips because anything is still possible at this point.

The lowest point you mentioned is not bad at all if it is used by everyone in terms of buying Bitcoin, because if we remember the potential for the price to increase to more than $75K, we will certainly have higher enthusiasm to buy Bitcoin around the $60K area. And regarding risk, it has become a very common thing to think carefully about everything and not just when buying Bitcoin. So I think this doesn't need to be a scary thing for everyone as long as every buyer can survive correction conditions, the point of which is not to sell when market conditions are deteriorating.

mk4

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Quote from: Silberman on July 02, 2024, 03:28:02 PM

There is a reason conspiracy theories are so common nowadays and that is because by nature humans are very good at finding patterns, in fact we are so good at this that we see patterns everywhere, even where none exist, and this can be easily seen in our ability to recognize faces, in which something as simple as this:

is recognized as a smiley face, then it is not surprising that every time the market suffers a setback, a portion of the community believes it is because someone pushed the price down.

People are good at finding patterns in a general sense but are generally crap at finding patterns when it comes to markets hence why most people lose money when trading.

And no, people are actually surprised when markets dump. If they can always foresee it, then most people shouldn't be frequently getting burned.

coolcoinz

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Quote from: Bitwave01 on July 01, 2024, 06:41:48 PM

This move confirms that the market makers were trying to shake people out prior to this pump.

What pump?

Quote

It also confirms that a local bottom has been formed at around 60k which implies that buying around that price should be low risk as downside might be limited for the short term.

Don't get caught in a trap Wink

I'm not saying you're right or wrong, just that if you buy believing you'll make some money when it goes to 75k or whatever, you're very likely to get a nasty surprise when the people who play the market do their thing and squeeze guys like you.

I don't try to time the pumps and dumps> I'm not greedy like that. It will eventually go to 80k and beyond and what happens in between doesn't concern me.

Silberman

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Quote from: mk4 on July 02, 2024, 01:26:21 AM

Quote from: Bitwave01 on July 01, 2024, 06:41:48 PM

This move confirms that the market makers were trying to shake people out prior to this pump.

Why do people think that dumps are always caused by a certain group of people with some agenda?

Can't dumps occur just because.. you know.. people dumped? And the fact that markets simply just don't go up in a straight line? People seem to always want someone to blame lmao.

There is a reason conspiracy theories are so common nowadays and that is because by nature humans are very good at finding patterns, in fact we are so good at this that we see patterns everywhere, even where none exist, and this can be easily seen in our ability to recognize faces, in which something as simple as this: :) is recognized as a smiley face, then it is not surprising that every time the market suffers a setback, a portion of the community believes it is because someone pushed the price down.

Zlantann

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Quote from: DiMarxist on July 02, 2024, 11:45:53 AM

The price will not come down below $60k from this month to September and from October the price will rise again to see another ATH. Buying around the $60k now will be an investment of short term and it is a good investment plan. Though if the person is interested to keep it longer he can. Bitcoin now is in good shape to invest foe short term.
Op I will like to ask your if you have a specific date or time for your $75k prediction because you have to specify it because it is not going to happen throughout the month or the year. And the $75k prediction you made make be seeing in the month of November this year and foe now it will not.

People can only speculate on the price of Bitcoin because nobody is certain how it will turn out. Bitcoin price is affected by some economic and political conditions mainly in the US. Even your prediction that the price will drop from now and will increase in September onwards is not also certain. OP just gave his prediction that the price will get to $75k, I am sure he is not also sure of this. However, the recent increase in the price might be connected to the slowdown in inflation in the US which might lead to future cuts in interest rates by the Fed.

tread93

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Quote from: Bitwave01 on July 01, 2024, 06:41:48 PM

This move confirms that the market makers were trying to shake people out prior to this pump. It also confirms that a local bottom has been formed at around 60k which implies that buying around that price should be low risk as downside might be limited for the short term.

As a result of this, I can definitely see a big possibility of BTC going to 75k+ but as I mentioned, regardless of how confident we are about price targets and no matter what, it is always important to manage risk and have enough room to buy potential dips because anything is still possible at this point.

60k is the new set price of a coin. Buying at 60k now will be looked as the “oh man I wish I would have bought in at 60k in 2024” a long ways down the road when it’s at like 600k in like 5-7 years or something like this. Stay vigilant my friends! Hold on to your butt!!!! I mean Bitcoin 😼

Mr.right85

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Quote from: mk4 on July 02, 2024, 01:26:21 AM

Quote from: Bitwave01 on July 01, 2024, 06:41:48 PM

This move confirms that the market makers were trying to shake people out prior to this pump.

Why do people think that dumps are always caused by a certain group of people with some agenda?

Can't dumps occur just because.. you know.. people dumped? And the fact that markets simply just don't go up in a straight line? People seem to always want someone to blame lmao.

History remains a vital aspect to having some speculation about futuristic events, it’s been proven severally and is used in actions fields to predict certain expectations based on observed signs. Although, dumps can occur just by itself, just by consumer or in this case investors behavior, most times this is as a result of some FUD or FOMO in cryptocurrency. Price might have appreciated to a point that, you don’t want to miss out on taking profit, especially when there is some FUD about Bitcoin. Which ever way the market turns out, there are those that is favored and might take the chance to either sell or buy.

348Judah

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Quote from: Bitwave01 on July 01, 2024, 06:41:48 PM

As a result of this, I can definitely see a big possibility of BTC going to 75k+ but as I mentioned, regardless of how confident we are about price targets and no matter what, it is always important to manage risk and have enough room to buy potential dips because anything is still possible at this point.

Well said, at this point, anything is possible, bitcoin is not being determined by the way others see it, we have some other factors in considerations to check on and know if bitcoin will rise or fall and when we are investing, we should be mindful of how the nature of its volatility appears and how we can help through the investment made in other not to lose instead of making profits, the market performance is what needs more of our attention in speculating on the pattern it may take base on the current season and the corresponding demands and supply.

DiMarxist

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The price will not come down below $60k from this month to September and from October the price will rise again to see another ATH. Buying around the $60k now will be an investment of short term and it is a good investment plan. Though if the person is interested to keep it longer he can. Bitcoin now is in good shape to invest foe short term.
Op I will like to ask your if you have a specific date or time for your $75k prediction because you have to specify it because it is not going to happen throughout the month or the year. And the $75k prediction you made make be seeing in the month of November this year and foe now it will not.

Despairo

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I've seen there was an another thread speculate Bitcoin will reach $75K, I'm curious what's exactly the reason why people are saying that number. Don't being overconfident that Bitcoin will make it this month because it's more unpredictable in this season.

Quote from: Makus on July 01, 2024, 10:46:31 PM

It is good to see Bitcoin having reverse movement of the manipulation.

What manipulation? who made the manipulation? just because Bitcoin price fell, it doesn't mean someone is manipulating Bitcoin.

Popkon6

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Quote from: Bitwave01 on July 01, 2024, 06:41:48 PM

As a result of this, I can definitely see a big possibility of BTC going to 75k+ but as I mentioned, regardless of how confident we are about price targets and no matter what, it is always important to manage risk and have enough room to buy potential dips because anything is still possible at this point.

Currently the Bitcoin market is under the control of investors, now only waiting for investors to invest. Because the Bitcoin market is in a current dip, as the price of Bitcoin in the past was as high as $73.6k. From there it touched up to $61K at present, you see this massive Bitcoin market dumping is a sign of the biggest dip market.

If the current dip market changes, the Bitcoin market will surely continue to move towards the maximum pumping. So it is definitely better to invest or hold Bitcoin in this current Bitcoin dumping market. Because I think if you invest in the current time you will definitely be able to get two to three times the benefit.

boyptc

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Quote from: Bitwave01 on July 01, 2024, 06:41:48 PM

This move confirms that the market makers were trying to shake people out prior to this pump. It also confirms that a local bottom has been formed at around 60k which implies that buying around that price should be low risk as downside might be limited for the short term.

As a result of this, I can definitely see a big possibility of BTC going to 75k+ but as I mentioned, regardless of how confident we are about price targets and no matter what, it is always important to manage risk and have enough room to buy potential dips because anything is still possible at this point.

I agree that we would see that price soon. But it won't be as easy as we are thinking. We would see a lot of rough times before we finally headed to it. And just like what we are seeing right now, there are some dips and slips along its way back there.

And as for the risk management, as a trader and investor, we need to take consideration of it at all times. But for us long term investors, we have understood the risk that we are taking and we accept it very much regardless of how volatile the market is.

Psalms23

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Yeah, i think it sounds like the classic shakeout before the pump. Market makers often play these games to shake out weak hands. Hitting that local bottom around 60k could indeed mean less downside risk for now. But you're right, we always gotta manage risk and be ready for anything. BTC to 75k+ would be sweet, but it never hurts to be cautious and have a plan for those dips, in case, just saying.

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I agree that for now, there's a strong support of the price not falling below $60k. That's great news, but it doesn't mean we won't eventually see the price well below this point, triggered by a major event (like the intended Mt. Gox reimbursement) or via gradually sliding down. The price is currently 15% below the ATH point. That's very high, considering that Bitcoin is often 60% below the ATH and can remain so for long periods of time. So it can easily get to $50k, $40k, and even that would be higher than usual for Bitcoin.

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I feel like it's still too early to say this, I'm sure that there's more that will happen to bitcoin market as days go by and I think that there's bound to be more things to happen, I hope you're wrong about the price floor being set at 60k, I want to get in as much bitcoin as I can in the next month and it would be a lovely time if the bitcoin price goes down so I can get more value. Thankfully, I was able to get myself some when it went back to 60k, knew that something was up and my suspicion was confirmed at the least.

mk4

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Quote from: Bitwave01 on July 01, 2024, 06:41:48 PM

This move confirms that the market makers were trying to shake people out prior to this pump.

Why do people think that dumps are always caused by a certain group of people with some agenda?

Can't dumps occur just because.. you know.. people dumped? And the fact that markets simply just don't go up in a straight line? People seem to always want someone to blame lmao.

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Once again proving that no matter how deep the price of Bitcoin is, it is capable of recovering its value again. You should just continue more buying. Amid volatility in the market system you need to focus on increasing your Bitcoin holdings which is going to be positive for your investment for the bull run.

As the price of Bitcoin continues to trend downwards many new investors enter the market and even regular buyers get more opportunities to buy.

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Quote from: Bitwave01 on July 01, 2024, 06:41:48 PM

As a result of this, I can definitely see a big possibility of BTC going to 75k+ but as I mentioned, regardless of how confident we are about price targets and no matter what, it is always important to manage risk and have enough room to buy potential dips because anything is still possible at this point.

Yea, I believe that there is every tendency for the Bitcoin price to sky rocket in price up to 75k or even more. If this happens, it will help the real big time investors to actually make so much profit. All hope should be kept high as we watch the market growth.

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Quote from: Bitwave01 on July 01, 2024, 06:41:48 PM

This move confirms that the market makers were trying to shake people out prior to this pump. It also confirms that a local bottom has been formed at around 60k which implies that buying around that price should be low risk as downside might be limited for the short term.

As a result of this, I can definitely see a big possibility of BTC going to 75k+ but as I mentioned, regardless of how confident we are about price targets and no matter what, it is always important to manage risk and have enough room to buy potential dips because anything is still possible at this point.

It is good to see Bitcoin having reverse movement of the manipulation. I always had an instinct that the dip would last for long, and this actually confirms it. Getting to $75k is possible and most analysts have made there predictions that Bitcoin will get to $100k at the next bull, though I'm not quite sure if this is possible but Bitcoin has potential in making $100k considering the previous bull and how rapid it got to where it is today. Even if Bitcoin do not get to $100k, there is no need to panic because we already have DCA as a major strategy to employ. I understand during the dip one can become more aggressive than ever in other to make more profit.

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Quote from: Bitwave01 on July 01, 2024, 06:41:48 PM

As a result of this, I can definitely see a big possibility of BTC going to 75k+ but as I mentioned, regardless of how confident we are about price targets and no matter what, it is always important to manage risk and have enough room to buy potential dips because anything is still possible at this point.

The current state of Bitcoin is going very well. Since 2024, Bitcoin's upside has started and eclipsed by that. Bitcoin price is expected to cross 75k to 100k. From here, big investors will get a reasonable ante. Those who will do anything good from here have already taken the risk. They are expected to have a good time ahead. Every step of Bitcoin in this journey will be crucial and beautiful.

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