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Topic: Market Gonna be volatile again! Nothing New though (Read 192 times)

hero member
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The bear serve so much in mopping bitcoin from the market and this scarcity is meant to help the price movement,though more bitcoin is still coming from mining anyway. Those prediction with 24hours-1 week interval without any solid news on development may not be reliable. I am also a good student of history and its application in prediction but I feel somethings are changing and we might be having shorter cycle period with most bitcoin activities.
Unfortunately, the market is now down again after it is rising before. We don't have to worry because the market will be like that, and there is always another time for us to come back to make a profit. The prediction will be a prediction, and it's not always happening, but we can prepare for the coming so we can make some strategy related to the current market that will happen later. Yes, there is something that will change, and maybe the bitcoin market will be like this for some time, and we should be careful to trade.
hero member
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As per the 4 year cycle of bitcoin traditions, we must need to end this halving year around the current ATH which will be confirmed if we have sustaining bullish trend in next 3 months. I mean if we enter the last quarter of 2020 with prices above $14k (new high since June 2019) then we can assume to have new ATH by the beginning of 2021.

I wish your analysis is correct I'm checking the last halving in 2016 prior to last halving in May and if history repeat itself the probability is high that $14 k to $16 k is the highest that it can get, and we can have a new all time high early next year, but I treat every halving differently because the supply right now is small compared last time.
The bear serve so much in mopping bitcoin from the market and this scarcity is meant to help the price movement,though more bitcoin is still coming from mining anyway. Those prediction with 24hours-1 week interval without any solid news on development may not be reliable. I am also a good student of history and its application in prediction but I feel somethings are changing and we might be having shorter cycle period with most bitcoin activities.
hero member
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The overall market sentiment isn't that great at the moment; that's why the market is the way it is, dull. Bitcoin is just moving back and forth between $8800  - $9200. If this doesn't change any time soon, bitcoin might take yet another hit.  Bitcoin need to push harder because if it dumps right now, it could trigger more dumps.
The market sentiment isn't great but it normal because there's the season for everything and we shouldn't be expecting every market to be in our favor. Besides, the market that seems to be dull from your ending is the best time for making a quick profit for others.
hero member
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If the price can rise again after this down, we will back to make a profit, and if that happens many times, we will make more profit Grin
It is easier said than done because this kind of market we're currently in is the fast way of making losses and profit and my advice to inexperienced traders is to trade once in a while or use the buy low and sell high strategy.

But we need to be more careful this time because we need to analyzing more to find the time to buy and sell. I don't expect that this time, the price will go down for more because if that happens, we will see bitcoin will have a hard time to increase again.
You're right about being careful but do you think thise traders that make losses don't put that into consideration before trading? It better for a trader to understand his capacity cause there's nothing bad in skip trader for sometime.
hero member
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The overall market sentiment isn't that great at the moment; that's why the market is the way it is, dull. Bitcoin is just moving back and forth between $8800  - $9200. If this doesn't change any time soon, bitcoin might take yet another hit.  Bitcoin need to push harder because if it dumps right now, it could trigger more dumps.


wait is it true that there is another pandemic ? what the heck , covid is only in the middle of its run but new possible dissease are going to strike again   . i think that cant cause another downfall because if we look on the situation now , covid is already a strong virus but people are making ways to continue living , so newer virus will now be easy for us to face

No. What he meant was that if the pandemic got worse like it was some months bad, then it'll be bad for the crypto markets. That's why caution should be applied by anyone currently trading in uncertain times like this.
hero member
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If the price can rise again after this down, we will back to make a profit, and if that happens many times, we will make more profit Grin

But we need to be more careful this time because we need to analyzing more to find the time to buy and sell. I don't expect that this time, the price will go down for more because if that happens, we will see bitcoin will have a hard time to increase again.
sr. member
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When the Halving is over, the market specifically Bitcoin went sideways just like what it did in 2016 and in 2012 when the halving is over.

I have adopted the volatility feature of Bitcoin already and I don't feel anything anymore if whatever happens to it so it is really "nothing new". It isn't as volatile as it is since we are in a sideways direction but I think lets just wait for its next move. Will it go up or down? Just be ready into whatever may happen anytime because anytime it can go back to around 8k and possibly lower or it can go up 10k and go higher.
There is no concrete predictions for now, every idea was always in connection with previous trend which mainly affected several insights. Volatility of the market pulls down the recovery attempt of the entire market, that's why we need to be more cautious on that matter.
hero member
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Sure, $9,400 is reachable till tomorrow, but looking at the current market situation, I'm afraid the highest until tomorrow might be around $9,200.

Just as I predicted, the price is hovering around the region of $9,000 - $9,300 for a week now. And I thought there's no significant events yet that will move Bitcoin in a higher figure, and It also didn't fall below the resistance level.
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I guess the market needs more bullish predictions then? To push the investors into buying more. However, Bitcoin seems heading to a direction which everyone wants to see.


The range is so tight that I stopped trading it weeks ago. The next breakout should be quite powerful. Just waiting now.....

I don't know but I do feel the same way too. I'm not good on TA's or chart analysis, but I guess it would be enough to understand how Bitcoin was moving from a daily basis. If the price reach beyond $9,700 level in July, then It's possible that we will see Bitcoin retesting the $10,000 level again.
full member
Activity: 2520
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I will be like market volatile compared to market consilidation. And yeah has been a few weeks bitcoin's price consilidating between $10.000, $9600 and $9300 and its strong support $8800. Just like that since a few weeks ago, so I'll be gretfull when the volatile market come. Yeah I hope the price can increase first to $9400 and come back to the lower price $6000 and bull run come until its price pass the privious all time high. I can collect bitcoin as much as I can when its price touch below $8800 to prepare market bull run so as I can make a lot of profit.
Optimistic mindsets, using the volatility as sort of opportunities to grab more assets and store it to  a save wallet,
there's always big potentials
If you are in the process of working with your future investment, collecting from those dumped coins and make sure
to hold and wait for better value.



Needs to have a long patience to anticipate both dips and the possible time frame for the bull to happen, not an easy
task but once you make it happen
You'll be able to maximized all the opportunities to grab much bigger gains.
legendary
Activity: 1806
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Isn't volatility is the changes of price over time?  So Bitcoin price jumping price for $9k to $10k is some kind of price volatility, isn't it?

For BTC, that's quite a low degree of volatility. You can see average true range (ATR) and Bollinger Band width (BBW) are both extremely low, lower than February. This is "calm before the storm" type action:



The range is so tight that I stopped trading it weeks ago. The next breakout should be quite powerful. Just waiting now.....
full member
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It looks like the Head & Shoulder pattern.
yeah because of thier distance is not that long enough   and thier movements is also back and forth ( shoulder to head and back head to shoulder  )

Quote
Bitcoin is currently at $9200 and it's staying there for nearly a day. I believe that it will soon be back to $9400. However, we need to be careful cause it can drop at any time. We are in the middle of a crisis and moreover, halving has occurred, and therefore, a big sell-off can happen. If you are an investor, try to buy bitcoins when it is lower than $8000. I hate to say this but if the pandemic returns, we will have to face another recession which can make bitcoin lower than $6000

wait is it true that there is another pandemic ? what the heck , covid is only in the middle of its run but new possible dissease are going to strike again   . i think that cant cause another downfall because if we look on the situation now , covid is already a strong virus but people are making ways to continue living , so newer virus will now be easy for us to face
full member
Activity: 1316
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The ups and downs cycle will consistently be happening again and again. We've been having this scheme for the whole 2nd quarter, we have given the chance to surpass $10k but that just a short stay and it turns back again. This quarter is full of hopes but nothing it gives assurance for a market price spike, may it looks the same as shown last month.

This could possible to look at in the coming days.
July Bitcoin Price Report: Confidence Hits 2016 Highs Amid Halving

legendary
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It looks like the Head & Shoulder pattern. Bitcoin is currently at $9200 and it's staying there for nearly a day. I believe that it will soon be back to $9400. However, we need to be careful cause it can drop at any time. We are in the middle of a crisis and moreover, halving has occurred, and therefore, a big sell-off can happen. If you are an investor, try to buy bitcoins when it is lower than $8000. I hate to say this but if the pandemic returns, we will have to face another recession which can make bitcoin lower than $6000
legendary
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When the Halving is over, the market specifically Bitcoin went sideways just like what it did in 2016 and in 2012 when the halving is over.

I have adopted the volatility feature of Bitcoin already and I don't feel anything anymore if whatever happens to it so it is really "nothing new". It isn't as volatile as it is since we are in a sideways direction but I think lets just wait for its next move. Will it go up or down? Just be ready into whatever may happen anytime because anytime it can go back to around 8k and possibly lower or it can go up 10k and go higher.
full member
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I will be like market volatile compared to market consilidation. And yeah has been a few weeks bitcoin's price consilidating between $10.000, $9600 and $9300 and its strong support $8800. Just like that since a few weeks ago, so I'll be gretfull when the volatile market come. Yeah I hope the price can increase first to $9400 and come back to the lower price $6000 and bull run come until its price pass the privious all time high. I can collect bitcoin as much as I can when its price touch below $8800 to prepare market bull run so as I can make a lot of profit.
STT
legendary
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Paypal might help connect two and since paypal is FIAT it might be that BTC gains from being the superior standard.   I do imagine they attempt to bias the link to benefit Paypal of course, that alone could make it a pointless gesture but at least its some kind of option which at times can be useful in a rush, etc.

Bitcoin was always more volatile then many other assets, its brand new in comparison to most sector or asset types.   Its part of the warning I try to give anyone new to be more cautious, right now the lack of movement is drawing people into a false security because I got no doubts it'll burst rapidly in some direction.
legendary
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we still can not call the bitcoin market "volatile" because it is doing what it has been doing for 2 or 3 months now which is to go sideways from $9k to $10k and back again to repeat the cycle over and over.
it will only become "volatile" when it breaks $10k and goes above it, which would start by the very big FOMO brining the price suddenly up to $13k then after a short correction the big rallies begin.

Isn't volatility is the changes of price over time?  So Bitcoin price jumping price for $9k to $10k is some kind of price volatility, isn't it?

I'm currently waiting for some kind of event that would trigger a new trend in Bitcoin since we are already in July. I say, we'll have to wait a little longer to prove that it has something that's coming but if not then the trend will be the same just last month, Bitcoin keeping the $9k level while slowly touching either the $8k support or the $10k resistance. It's a little volatile in the past few months and might be the same also this month.
^ If you want to keep in touch in bitcoin activity and events probably you will follow this social media platform that I followed too. ( https://cointelegraph.com/tags/bitcoin. ) The most promising event that will probably bitcoin will trigger to raise up is that Paypal would like to join in a crypto game and it makes sense that bitcoin will become hot in the mainstream. Nevertheless, aside from Paypal rumored there are too many factors that bitcoin will be probably well known through the purpose of payment method on the internet.

I don't put high hope in this event (Paypal opening its door to Bitcoin transaction) we have seen series of disappointments on things we thought will boost the price of BTC but ended up has almost no effect at all.   After all this Paypal's Bitcoin acceptance thing is just another company's money grab scheme.
hero member
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I'm currently waiting for some kind of event that would trigger a new trend in Bitcoin since we are already in July. I say, we'll have to wait a little longer to prove that it has something that's coming but if not then the trend will be the same just last month, Bitcoin keeping the $9k level while slowly touching either the $8k support or the $10k resistance. It's a little volatile in the past few months and might be the same also this month.
^ If you want to keep in touch in bitcoin activity and events probably you will follow this social media platform that I followed too. ( https://cointelegraph.com/tags/bitcoin. ) The most promising event that will probably bitcoin will trigger to raise up is that Paypal would like to join in a crypto game and it makes sense that bitcoin will become hot in the mainstream. Nevertheless, aside from Paypal rumored there are too many factors that bitcoin will be probably well known through the purpose of payment method on the internet.
sr. member
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I'm currently waiting for some kind of event that would trigger a new trend in Bitcoin since we are already in July. I say, we'll have to wait a little longer to prove that it has something that's coming but if not then the trend will be the same just last month, Bitcoin keeping the $9k level while slowly touching either the $8k support or the $10k resistance. It's a little volatile in the past few months and might be the same also this month.
legendary
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we still can not call the bitcoin market "volatile" because it is doing what it has been doing for 2 or 3 months now which is to go sideways from $9k to $10k and back again to repeat the cycle over and over.
it will only become "volatile" when it breaks $10k and goes above it, which would start by the very big FOMO brining the price suddenly up to $13k then after a short correction the big rallies begin.
hero member
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Market Gonna be volatile again! Nothing New though
BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!

You predict volatile market just for today or for longer period of time?  Usually summer months are slow cos traders take vacations. But is hard to have less volatility as we had last month.

Isn't the Bitcoin market always volatile, as a matter of fact, it is highly volatile since it swings like crazy every day? 

Anyway stumbled on some analysis on tradingview and it is interesting to notice that the prediction saw a  possible downtrend while it is suggesting for LONG position with a target of $9300.



Exactly, I don't know what's the big fuzz about the market being so volatile. I guess it still steam from the prediction that the price will touch 5 digits or at least we are going to be in bull run after the block halving. But as of late, the price seems to be slowly declining and even reach sub $9k just a couple of days ago but it didn't last though.

As for the long term, it could play around $9300-$9600 levels before we hit another resistance.
sr. member
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BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!



because Crypto is a Volatile market so what can we expect from this  Roll Eyes



I have learned my lesson that Daytrading is not my forte that's why i prevent my self from Doing this and instead i am trying to Keep my currency for at least 3 or more months depend on the performance.

If lucky to get Profit in shorter time?then why not grab it,5% or more is enough for me now( in altcoins only and not in my Bitcoin holding0

some chances to take but will not risk everything just because of Volatility.
legendary
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I do agree that it is nothing new Cheesy. I mean bitcoin is a thing that is super volatile and has always been super volatile, I do not think that it would change too much if it hits $9.4k and not anything above. I do agree that it is quite important that bitcoin moves, I think something vital for traders is to have ups and downs, without those I do not think they could profit, however it is just not 3% change, that is really not that big of a deal.

There needs to be at least a 7-8% change in any direction to actually have an impactfull change, otherwise it doesn't really make any sense at all. I personally would love to get as much volatility as I can in order to be able to buy and sell on different levels and try to make money, right now it is not moving fast enough for me to make any profit at all and just makes me wait.
hero member
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Nothing changed since bitcoin halving, we are in the same price region and I don't even looking at the bitcoin prices now. There is a slight red on the total marketcap of crypto currency in the past week but not too much damage to bitcoin.
hero member
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Market has been volatile for all of the time. Yep, nothing's new with that so basically the TAs that we get are base on your readings and the volatility of bitcoin will never change. Unless, there's something that I've read that time will come for bitcoin that its volatility will decrease.
And that is when we reach the supply limit of bitcoin which is impossible because that's a hundred years from now.
legendary
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Market Gonna be volatile again! Nothing New though
BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!

You predict volatile market just for today or for longer period of time?  Usually summer months are slow cos traders take vacations. But is hard to have less volatility as we had last month.

With Corona there is no vacation  Tongue

Yes many were 2 months at home so doubt they will be able to spend a lot more time at home again. I agree it can be very different as past years. But again maybe not. High volume traders are extremely rich people and dont really care about any virus or lock downs.
legendary
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Market Gonna be volatile again! Nothing New though
BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!

You predict volatile market just for today or for longer period of time?  Usually summer months are slow cos traders take vacations. But is hard to have less volatility as we had last month.

With Corona there is no vacation  Tongue
hero member
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I hope that bitcoin can surge to a higher price as from the image, we are close to breaking $9,200, but who knows what will happen with bitcoin. If the price cannot increase in the next days or week, I am not hoping the price will go down until $7k level because that will be too deep for bitcoin price to go down. But we know that anything can happen to bitcoin, and the price can move to any price level, so we need to prepare for the coming. If we can see the price can increase higher, perhaps, we can sell some amount to wait for another correction that will come later.
member
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BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!



BTC monthly bearish candle has been closed! I am expecting 20-30% Correction in Upcoming months. If BTC Price fail to break out 10k level it won't be bullish soon.Hoping it  take Correction up to 7.6K level !

Let's see what happens👀👀
STT
legendary
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Every trader should not mind volatile markets as I guess it gives us more scenarios to trade in rather then price whipping back and forth like a loose hosepipe.    I dont see we actually anything new until we break something larger then shorter term trends.    50 day moving average is rising again which might give some hope of recovering but we are still negative below a weekly average, overall its stuck in a big range and doing nothing new today that I see.
legendary
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BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!


Basing of with technicals then it can possibly hit up that level but theres no precise thing on when it would able to touch on such duration that you had given.
Its either it would go to that path or would go oppositely on said duration. Market is always been volatile, it might be moving sideways but doesnt mean it
wont move nor budge a little.Of course we need to play safe specially if we are an active trader but for hodler or long term ones then this wont really be that
much as an issue.
hero member
Activity: 2828
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Nothing has changed, we are of that condition since from the start. But what I saw in the market today yet to be stabilized but still good. I'll be fine even if the market position will remain like this until the end of this year because I wasn't expecting much for the halving impact this time since it all has changes coz of the pandemic. Maybe we could say a bullish trend next year 1 year after the halving event which most likely previous halves have shown it.

Tomorrow is the start of the 3rd quarter but I don't think we have experienced changes. Possibly it could be the same as of today or even yesterday.
hero member
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~snip~
So the market may be volatile!
^ It has been already volatile since then, but good thing we are on the good movement. I am optimistic about the price that will hit again in $10k price in the market this month or this 3rd quarter of the year. However, it is hard to forecast the price even you are using your indicator of support and resistance but the price will remain unpredictable. Based on the chart that you have flattened, it is headed to raise up the price, probably that is the sign that we will back to $10k price near at this week.
hero member
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As per the 4 year cycle of bitcoin traditions, we must need to end this halving year around the current ATH which will be confirmed if we have sustaining bullish trend in next 3 months. I mean if we enter the last quarter of 2020 with prices above $14k (new high since June 2019) then we can assume to have new ATH by the beginning of 2021.

I wish your analysis is correct I'm checking the last halving in 2016 prior to last halving in May and if history repeat itself the probability is high that $14 k to $16 k is the highest that it can get, and we can have a new all time high early next year, but I treat every halving differently because the supply right now is small compared last time.

So far, the price movements after the halving is similar to the last two halving occurrence, but I wont be expecting any significant bull trend this year, not until we're done with the pandemic. And, Bitcoin might reach another ATH in mid 2021.
At the moment, Bitcoin is still trading inside the region of $9,000 - $9,800, nothing's new since we enter this figure, though it touches the $8,900 level a few times, but then recovered to whats considered as stable price range from the last few weeks.
Sure, $9,400 is reachable till tomorrow, but looking at the current market situation, I'm afraid the highest until tomorrow might be around $9,200.
legendary
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BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!

Isn't it a usual approach, at any given trend, to consider necessary actions such as stop-loss as part of the strategy?

Bitcoin is always volatile, the main reason why it's unpredictable. Wild speculation and well-detailed analysis might happen or not.

BTC is currently playing around $9,100+. If you believed that it can touch $9,400+ tomorrow, good luck then.
legendary
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Market Gonna be volatile again! Nothing New though
BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!

You predict volatile market just for today or for longer period of time?  Usually summer months are slow cos traders take vacations. But is hard to have less volatility as we had last month.

Isn't the Bitcoin market always volatile, as a matter of fact, it is highly volatile since it swings like crazy every day? 

Anyway stumbled on some analysis on tradingview and it is interesting to notice that the prediction saw a  possible downtrend while it is suggesting for LONG position with a target of $9300.

sr. member
Activity: 2030
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As per the 4 year cycle of bitcoin traditions, we must need to end this halving year around the current ATH which will be confirmed if we have sustaining bullish trend in next 3 months. I mean if we enter the last quarter of 2020 with prices above $14k (new high since June 2019) then we can assume to have new ATH by the beginning of 2021.

I wish your analysis is correct I'm checking the last halving in 2016 prior to last halving in May and if history repeat itself the probability is high that $14 k to $16 k is the highest that it can get, and we can have a new all time high early next year, but I treat every halving differently because the supply right now is small compared last time.
sr. member
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We are going to enter into 3rd quarter of 2020 which might be different than what we have experienced first 2 quarters of 2020 in terms of volatility. The second 3 months streak of 2020 was quite bullish thanks to halving as halving helped to recover all the losses happened due to panic selling of corona outbreak but failed to break the resistance levels around $10.5k which we might get broken by this July as bitcoin proved its potential by staying above $9k levels. We are going to end the second quarter above $9k which must be an enough sign to get into stronger bullish trend for the rest of 2020.

As per the 4 year cycle of bitcoin traditions, we must need to end this halving year around the current ATH which will be confirmed if we have sustaining bullish trend in next 3 months. I mean if we enter the last quarter of 2020 with prices above $14k (new high since June 2019) then we can assume to have new ATH by the beginning of 2021.
legendary
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Market Gonna be volatile again! Nothing New though
BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!

You predict volatile market just for today or for longer period of time?  Usually summer months are slow cos traders take vacations. But is hard to have less volatility as we had last month.
member
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BTC can touch 9.4K. Tomorrow 1 month & 3 month candle will be closed.So the market may be volatile!And So Always play with safety I mean must use stoploss in trading!Happy Trading Everybody!
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