Topic: Is Bitcoin about to see a strong upward move - Analyst (Read 514 times)
To date, there have indeed been quite a lot of predictions about the further scenario of the development of events in the cryptocurrency market and about the prospects of Bitcoin in the near future. But for some reason I did not see any facts that would convince me of the fidelity of all these assumptions. But I am very serious about the expectation of the next halving in 2020, since all previous halving gave a really very good impetus to the rise in the price of bitcoin.
Been reading a lot about this types of prediction and all of them are telling about the $10.5k mark which need to be destroyed first.
Do they have some kind of a group or something?
It's difficult to believe that this people are not on the circle of friends since most of them are almost the same and also the explanation.
Anyway, I doubt it will happen very soon.
The resistance before was like 9k or something but still it went forward.
But as we go near the halving more hype will come.
Do they have some kind of a group or something?
It's difficult to believe that this people are not on the circle of friends since most of them are almost the same and also the explanation.
Anyway, I doubt it will happen very soon.
The resistance before was like 9k or something but still it went forward.
But as we go near the halving more hype will come.
Well resistance is $9500, however, we have seen that is was broken obviously, because it didn't hold up and continue on a downward spiral at $8500. Others says it is due to corona virus, but technical analyst point to a correction that is due because it seems that bitcoin is on the oversold mark.
Anyway, seem that the market has somewhat settled down between $8500-$8700, been bouncing on that price this weekend. Of course prior to halving we might see some uptick in March but I'm expecting a sell off in April though, just my opinion.
It's about the time before we see bitcoin will get a strong upward move, and maybe it will happen before the halving. We already break $10k barrier, and although right now, the bitcoin price is going down again I am sure that everything will be back to $10k. But I don't think that we will see race towards $10,500 in a short time because bitcoin needs to break $10k again before it can reach the other high price. The analyst can say anything they want, but they need to see if the market can increase or not because they can only make a prediction, but they don't know when it will happen. It seems, we will see another downtrend again in this weeks but who knows, the situations will be changed.
Been reading a lot about this types of prediction and all of them are telling about the $10.5k mark which need to be destroyed first.
Do they have some kind of a group or something?
It's difficult to believe that this people are not on the circle of friends since most of them are almost the same and also the explanation.
Anyway, I doubt it will happen very soon.
The resistance before was like 9k or something but still it went forward.
But as we go near the halving more hype will come.
Do they have some kind of a group or something?
It's difficult to believe that this people are not on the circle of friends since most of them are almost the same and also the explanation.
Anyway, I doubt it will happen very soon.
The resistance before was like 9k or something but still it went forward.
But as we go near the halving more hype will come.
I think fluctuations are mainly caused by the whales, we shouldn't forget that a few people hold a large portion of the existing BTC... these guys move the market...
We are always looking for natural reasons but most times I think the movement is determined by whales (large old time miners)
possibilities are indeed but still there cannot be proven,whales can control the market specially if they Bond together and do the same thing at once?We are always looking for natural reasons but most times I think the movement is determined by whales (large old time miners)
though i also believe that if all the small holders will come to one action?and do buy more bitcoins?we can prevent manipulators to continue dictating what market price is.
Unfortunately though we've seen some retracement again, going down as low as $9300 as of this writing. So we need to wait further for that strong upward to $10k again. I don't know what is the cause of this pullback, maybe we have been played around by the manipulators again or this is some effect on us from stock market which is also down as this point.
yes they are the reason,we have no big issue now still the market full down again so obviously Whales made another movements. 
It only happens if we could see huge strong support coming from us and most especially from investors. This is a vital thing that we need to consider but the current market situation tells something that we aren't of that strong support. The last 2017 Bullrun is obviously happening because of the hypes made by whales but this year, it looks different and hypes aren't visible at this time. The only hope that we look for now to make the market trend going high is halving and people are having positive insights for this event.
The market situation right now is much questionable compare to the year 2017 hype since for the year 2018 and first quarter of 2019 we suffer a huge market upset where many people got their wallet drained hard for the long days streak of bearish market but hopefully those investors recover from their losses today since if majority of investors will came especially those who earned from 2017 we might gonna have a strong support and that could lead for huge bull run.
It only happens if we could see huge strong support coming from us and most especially from investors. This is a vital thing that we need to consider but the current market situation tells something that we aren't of that strong support. The last 2017 Bullrun is obviously happening because of the hypes made by whales but this year, it looks different and hypes aren't visible at this time. The only hope that we look for now to make the market trend going high is halving and people are having positive insights for this event.
Unfortunately though we've seen some retracement again, going down as low as $9300 as of this writing. So we need to wait further for that strong upward to $10k again. I don't know what is the cause of this pullback, maybe we have been played around by the manipulators again or this is some effect on us from stock market which is also down as this point.
I believe we will experience an upwards move this year. It can happen before or after the halving because in the last 10 years we have seen pumps before and dumps after and pumps before and dumps after, but there was some decent volatility every time. There are no reasons to think that this year will be different because the previous bear market was very similar to all other bear markets of Bitcoin in the way it ended (with a low above the previous ATH, a higher low).
I wouldn't be so sure, don't start to celebrate too soon. Of course that Bitcoin price will rise again but it doesn't necessary need to happen that we'll see real high and sharp rise.
I know that expectations from halving are very high but the final effect might turn out not so favourable. I don't have too big expectations form halving and I wouldn't like to be disappointed at the end.
Some price rise will happen bur we"ll have corrections too.
I did not say that it has to be a sharp move and in your last sentence you agree with me that some rise will happen, so why all the early contradicting if it seems that we agree on everything here. I do not expect a new ATH, but I do expect it to return near the previous ath of 20K this year. Maybe it will stop at 15 and maybe at 19k but the market is looking really positive and the halving pressure will increase in Spring.
Actually you have a point for something's but I'm still optimistic to see some new greatness coming and although many people think that we can't go back to $20k or in another ATH still I'm quite positive that we can see a good figures, remember Bitcoin halving brought new ATH from the past and maybe it could bring a good shape this year.
I believe we will experience an upwards move this year. It can happen before or after the halving because in the last 10 years we have seen pumps before and dumps after and pumps before and dumps after, but there was some decent volatility every time. There are no reasons to think that this year will be different because the previous bear market was very similar to all other bear markets of Bitcoin in the way it ended (with a low above the previous ATH, a higher low).
I wouldn't be so sure, don't start to celebrate too soon. Of course that Bitcoin price will rise again but it doesn't necessary need to happen that we'll see real high and sharp rise.
I know that expectations from halving are very high but the final effect might turn out not so favourable. I don't have too big expectations form halving and I wouldn't like to be disappointed at the end.
Some price rise will happen bur we"ll have corrections too.
I did not say that it has to be a sharp move and in your last sentence you agree with me that some rise will happen, so why all the early contradicting if it seems that we agree on everything here. I do not expect a new ATH, but I do expect it to return near the previous ath of 20K this year. Maybe it will stop at 15 and maybe at 19k but the market is looking really positive and the halving pressure will increase in Spring.
I believe we will experience an upwards move this year. It can happen before or after the halving because in the last 10 years we have seen pumps before and dumps after and pumps before and dumps after, but there was some decent volatility every time. There are no reasons to think that this year will be different because the previous bear market was very similar to all other bear markets of Bitcoin in the way it ended (with a low above the previous ATH, a higher low).
I wouldn't be so sure, don't start to celebrate too soon. Of course that Bitcoin price will rise again but it doesn't necessary need to happen that we'll see real high and sharp rise.
I know that expectations from halving are very high but the final effect might turn out not so favourable. I don't have too big expectations form halving and I wouldn't like to be disappointed at the end.
Some price rise will happen bur we"ll have corrections too.
This is more like a accumulation phase which I understand why there would be falls. Let me explain it in layman's terms. The price of bitcoin is normally lets say 1 to 1, for every 1 bitcoin sold, there is 1 bitcoin bought, unless something major happens lets say that is the reality and no price movement ever happens in that situation.
However, sometimes there are reasons why people would buy bitcoin, such as halving we gonna have, that will result with people buying but if they buy all at once they may lose money from the ups and downs, so what do they do? They buy small by small way before halving happens which increases the price slowly instead of all of a sudden and they profit for the reasons I will mention.
There are also people who bought earlier and want to sell, the higher the price goes the more people there are that wants to sell, which drops the price eventually and when they sold all of theirs, the price continues to go back up, and because of that small fall, the whole reason why buyers don't buy all at once, so they can buy when it goes down as well.
However, sometimes there are reasons why people would buy bitcoin, such as halving we gonna have, that will result with people buying but if they buy all at once they may lose money from the ups and downs, so what do they do? They buy small by small way before halving happens which increases the price slowly instead of all of a sudden and they profit for the reasons I will mention.
There are also people who bought earlier and want to sell, the higher the price goes the more people there are that wants to sell, which drops the price eventually and when they sold all of theirs, the price continues to go back up, and because of that small fall, the whole reason why buyers don't buy all at once, so they can buy when it goes down as well.
This year we will see the market going upwards. From beginning this year, the market was moving upwards without any major correction. Correction is now taking place in the market. As a result, whales are accumulating more bitcoin, and those who are not true believers of bitcoin are selling and leaving the market. Shakeout. So after this correction, the market is likely to move upwards. Because bitcoin halving is coming.
Actually the starting of the year for crypto was really amazing, and now it's going good too. Analyst are noting that the crypto currency has been able to flash some bullish signals, also the ongoing battle between the buyers and sellers will likely to result in another major movement. Also the halving could play a key role in Bitcoins price chart.
I believe we will experience an upwards move this year. It can happen before or after the halving because in the last 10 years we have seen pumps before and dumps after and pumps before and dumps after, but there was some decent volatility every time. There are no reasons to think that this year will be different because the previous bear market was very similar to all other bear markets of Bitcoin in the way it ended (with a low above the previous ATH, a higher low).
That's very obvious! and this is all as a result of the incoming bitcoin halving. Experienced bitcoin investors know this and would try to shake the market a little in order to accumulate as many bitcoins as they can at a very cheap price waiting for this move. That's why they intentionally dump the price then purchase more again lol. It's
There's no assurance still at this moment. We can assume for an uprise.movement but to expect a bull run right at this moment, is I think blurry. We are anticipating the occurence of halving but despite of the expectations of huge uprise movement after halving, expectations are still expectations and it simply means that everything is not assured yet unless what is expected comes to reality.I'm not seeing the little pull back as a distraction to buy. Most times before we see a bull, it has to do a little drop before the push upwards come. This might be the reason for the drop.
Investing would be a good idea but there's one thing that could pull back an investor; waiting for a little longer. Some investors are waiting for a downfall before investing in order to earn bigger profit once the market price of Bitcoin starts to increase. Starting from January the price movement of Bitcoin has been steadily acquiring new high records for the year 2020 but at the current situation, there is a sudden fall in its price. Still, this could be an indication for a bullish run this year as the price of Bitcoin falls down due to the one last correction this year.
Not too early. The price is starting to recover and we may expect for a bigger backdrop before the market price, again, break records. We may expect for its price to beat its all time high market value but I suggest to not be sure of something due to the assumptions of the majority. We must align our expectations with the reality, and that reality has something to do with market volatility.
That's very obvious! and this is all as a result of the incoming bitcoin halving. Experienced bitcoin investors know this and would try to shake the market a little in order to accumulate as many bitcoins as they can at a very cheap price waiting for this move. That's why they intentionally dump the price then purchase more again lol. It's
I think fluctuations are mainly caused by the whales, we shouldn't forget that a few people hold a large portion of the existing BTC.
Another prime reason is possibly the manipulation of them. Whales are keep distracting the market and create confusion so market cant fully break any resistance. They wanted to play with people's money and earn from it.
in bitcoin it usually isn't just one reason for a certain move. instead it is combination of a bunch of reasons. for example this current struggle to break $11k resistance is in my opinion partly manipulation, partly profit taking, partly a lot of FUD plus greed in investors thinking there is a better lower price for them to enter. and that is keeping the price at this level right now.
According to Melker, BTC must cross one more crucial level of resistance at $10,584 to confirm a trend reversal. BTC last touched that level back in October of 2019.
This is not a revelation as halving is yet to happen and we will see the price of BTCitcoin breaking the resistance point at some point this year or next year and then as we usually see after the halving the price usually tries to break the all time high valuation and how long it will test and break those higher resistance levels is to be seen as the stakes are different this time around, either way expecting the market to move higher by next year. 
The latest dump maybe due to the exchange Binancr which is currently down last night. Imagine a top exchange and one of the biggest volume market has been halt for a while of course it can affect on the bitcoin price. We already felt the tremor of price hike as btc keep revolving around 10k. Even its continue to struggle breaking out 11k it price never go far 10k.
Another prime reason is possibly the manipulation of them. Whales are keep distracting the market and create confusion so market cant fully break any resistance. They wanted to play with people's money and earn from it.
I think fluctuations are mainly caused by the whales, we shouldn't forget that a few people hold a large portion of the existing BTC.
Another prime reason is possibly the manipulation of them. Whales are keep distracting the market and create confusion so market cant fully break any resistance. They wanted to play with people's money and earn from it.
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