Topic: Is Bitcoin at new heights - page 3. (Read 665 times)
Maybe it will rise in the near future, we can't know such thing. The price has reached $35.5k now. The most important thing for it to break the $40k resistance again. If it succeeds in it, then we could see the rise continuing.
Too early to say that bitcoin will go to that point anytime soon, remember that there's not a lot of good news that is big enough to really consider that bitcoin will be able to go to 45k anytime. Also, why do people call the price 28k a bottom? I don't get it, it's still higher than that of the last year's price.
There isn't a bottom nor a high price for Bitcoin. All of this designation are temporarily. The value of satoshi is so tiny comparing to dollar which means Bitcoin price will surge in the future to more than 6 digits .
After the bottom of $28,000, now to $45,000, will it continue to rise
there's a right time for that mate, but for sure bitcoin right now is gradually gaining strength to increase again in my personal, wherein probably before this month end as it keep showing sign of progress every time when it fluctuate back to the support. So just be patient. Indeed its been how many attempt that it makes bump in the price , so it means there's possibility it will make good progress any time soon. I see a lot of investors who have started to reinvest and bitcoin will see its light again after a few weeks in the dark.
Too early to say that bitcoin will go to that point anytime soon, remember that there's not a lot of good news that is big enough to really consider that bitcoin will be able to go to 45k anytime. Also, why do people call the price 28k a bottom? I don't get it, it's still higher than that of the last year's price.
After the bottom of $28,000, now to $45,000, will it continue to rise
there's a right time for that mate, but for sure bitcoin right now is gradually gaining strength to increase again in my personal, wherein probably before this month end as it keep showing sign of progress every time when it fluctuate back to the support. So just be patient. Indeed its been how many attempt that it makes bump in the price , so it means there's possibility it will make good progress any time soon. There is an argument for some positive action but mostly its going sideways and is restricted some by prior pattern selling, most obvious is the 50 day average just nearby. When thats out of the way it might explore better but for a while its been in a fairly set range of prices and its not left the 30's for a while.
Yes I agree its basically trading sideways on very little volume and traders are getting chopped too bits. Look at how one day we are all bullish and expect new ATHs and the next day we are bearish and expecting to get $20K or even lower. I am pretty sure if we go close to $40K again, everybody will be super bullish and it'll have a false break maybe into $42K and then it'll close back down below the range high and we will go back to the range mid or range low. And then we will most likely also have a false break and then go up again towards the range mid or range high.
I am assuming we will be doing this for the next month or 2. There is very little activity in the markets. People are out there enjoying the beach instead of trading all day. You can tell this by looking at how low the ETH fees are. They are non existant. Even with bitcoins -30% hashrate reduction we didn't have a large mempool. Nobody is using the networks. Very slow summer and need to wait until the fall to get a direction on where we will go next.
There is an argument for some positive action but mostly its going sideways and is restricted some by prior pattern selling, most obvious is the 50 day average just nearby. When thats out of the way it might explore better but for a while its been in a fairly set range of prices and its not left the 30's for a while.
The first leg should be the whole number $40,000 before we can talk further.
But since there's a strong resistance along that price right now, we shouldn't expect a new heights at least short time. There's a lot of issues right now, like the hash rate dropped due to the Chinese government pulling the plug to the bitcoin miners.
So it might take some time for the price to rise, probably we might see a positive movement in the last quarter of the year.
But since there's a strong resistance along that price right now, we shouldn't expect a new heights at least short time. There's a lot of issues right now, like the hash rate dropped due to the Chinese government pulling the plug to the bitcoin miners.
So it might take some time for the price to rise, probably we might see a positive movement in the last quarter of the year.
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will it continue to rise
Yes, it will continue to rise. But you should not forget that before bitcoin reaches that price again, we may see many corrections coming to bitcoin price, so we need to be careful and if you think you want to buy more bitcoin, you need to analyze before buy. It is better not to panic when the price is up or down because we need to know when to enter the market and do something. Otherwise, you will lose the chance to use that moment for yourself and you will not be able to make a profit. 
After the bottom of $28,000, now to $45,000, will it continue to rise
We have two different situation here rise and fall and i think that is normal, this is crypto and we know that crypto market is always changing due to high on volatility and people are always do buying or selling depending on what they believe if it will rise or fall. I think we will be having another bull run before we enter the month of November. 
After the bottom of $28,000, now to $45,000, will it continue to rise
to 45,000? since when ? it can't even stay at 35,000 now you are calling it as 45k?What goes up must come down. It just goes back and forth but now with higher number like $1000 of movement.
Before a $50 is something to be happy about but now they are not contented and they might even call it non volatile anymore if it moves at small amount.
I'd just ride the wave if you are trying to trade. Just be sure you have the basics before going at war.
what you called this as roller coaster? Before a $50 is something to be happy about but now they are not contented and they might even call it non volatile anymore if it moves at small amount.
I'd just ride the wave if you are trying to trade. Just be sure you have the basics before going at war.
this is a market that dictates by volatility so meaning expect the hype and expect the fall.
but in the end it is the growth that will makes people happy and contented .
What goes up must come down. It just goes back and forth but now with higher number like $1000 of movement.
Before a $50 is something to be happy about but now they are not contented and they might even call it non volatile anymore if it moves at small amount.
I'd just ride the wave if you are trying to trade. Just be sure you have the basics before going at war.
Before a $50 is something to be happy about but now they are not contented and they might even call it non volatile anymore if it moves at small amount.
I'd just ride the wave if you are trying to trade. Just be sure you have the basics before going at war.
After the bottom of $28,000, now to $45,000, will it continue to rise
No. It will not continue to rise to $45k.
Well if it goes to the range high of $41K, I can see it going to $45k. The real resistance will be more in the $56K and the $64K ATH. I think there are many bag holders that bought in the $56K area, who almost lost half their investment who will want to get out at break-even. Even if not break-even they will sell some to lighten their load.
So if we go quickly to $45K, I can see there being resistance in the $50-56K region. Then we might pullback and go back to the $30K's and test it again, and maybe at the end of the year we might go after the ATH again. Right now there is just way too much hype for this to be sustainable in the short term. Maybe in 2022 we will see a new ATH however $100K will be a tough nut to crack.
Yesterday's market move proves these charts don't mean much in short/not so short terms after all. Now a breakout should be happening this week.
Probably skipping 45K and search for 55K and higher instead, proudhon knows ....
Exactly. Might even decide to skip 2 or 3 marks in each 10k bracket: 38/39/40 then 45/46/47 then 50/51/52 and so on and so forth. The higher price goes the more the extreme rallies will get and the more spots we are likely to skip
No. It will not continue to rise to $45k.
Probably skipping 45K and search for 55K and higher instead, proudhon knows ....
Exactly. Might even decide to skip 2 or 3 marks in each 10k bracket: 38/39/40 then 45/46/47 then 50/51/52 and so on and so forth. The higher price goes the more the extreme rallies will get and the more spots we are likely to skip
After the bottom of $28,000, now to $45,000, will it continue to rise
How sure are we that it will quickly get back to that price? You can’t be so sure of that, despite that I have seen people who are always making some predictions about Bitcoin starting another bull run and reaching a hundred thousand dollars ($100,000) price , but all these people are not sure about it. That’s just the price they would like to see, so they are just saying it would reach that price without being so sure about it.So, these are all speculations. But, it wouldn’t be bad if you just Hodl with what you can afford to risk. That way you will be in a good position of making profit when the market finally increases in price.
After the bottom of $28,000, now to $45,000, will it continue to rise
No. It will not continue to rise to $45k.
Probably skipping 45K and search for 55K and higher instead, proudhon knows ....
After the bottom of $28,000, now to $45,000, will it continue to rise
No. It will not continue to rise to $45k.
- chart-
Interesting chart but new addresses growth slowing down still doesn't mean much at the end of the day, it is probably just linked to less transactions happening on chain. I mean, I'm still using the same old 3-5 address for years now (I know, very bad of me but I can't help it) to get everything I get, and maybe every now and then a new address due to change address for a spend.
Adoption wise I guess it's a slowdown.
After the bottom of $28,000, now to $45,000, will it continue to rise
The answer to this question is "yes" if one believes bitcoin is in a longer-term bull market.
The cryptocurrency market has experienced tremendous volatility in the past. Some researchers who track the market estimate that Bitcoin prices increased or decreased by 5% or more on a daily basis on average. There is no reason to doubt that this will not continue.
Too early to call the prices going to the 45k territory again because I believe that we still have to face the winter that bitcoin might or might've already been experiencing.
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