Topic: New Bitcoin support! Fall or rise? - page 2. (Read 812 times)

Quote from: mr_ROBOTT on April 25, 2021, 11:51:27 PM

There has been a very good momentum in the market from April 25 after price reached $47k and for the past 7 days the price has been slowly rising but with a strong buy support and a solid volume. The new FUD didn't seem to be successful and so far the bear-manipulators lost a lot of money for the whole week.
If the momentum is kept the price could be above $65k by the end of next week.

The FUD machine has been going on strong and despite all of this the price of bitcoin does not budge at all, this is a good sign however I must confess that I am worried because of what we are seeing in the market of altcoins at the moment, we are already seeing huge levels of speculation there and this is bad because it is distracting people from bitcoin and sooner or later this is going to generate a crash that could create another crypto winter we will have to endure for years.

Nah, it is just short term and in the long run it is actually a good thing for bitcoin since all the money that goes into altcoin market will flee that market the day that the dumping begins and they start losing money. We see this in each cycle when the altcoin pumping season begins and the scammers start ripping people off.

Currently the bitcoin dominance is moving down due to which we are seeing a lot of pump in the altcoins but altcoins will not be able to sustain these high prices. If bitcoin started to move towards its another all time high, then all these altcoins will start to bleed as money will start moving in back to bitcoin which will increase its dominance too.

Agreed, but been expecting it for a while and nothing major yet. Since it's clear now BTC dominance is decline constantly. There's a bunch of people starting to accuse BTC is no acting as ETH, this is just for short term. I'm personally loving it cause Alt season incoming. Bitcoin is trading between support zone, nothing to worry about it. Ideally, we will get back BTC $60k soon.

magneto

hero member

Activity: 1666

Merit: 753

I honestly think that right now, $50k can probably be safely declared as a new support.

The institutional support and demand has been absolutely incredible. Even though some are concentrating on Tesla taking some profits, the fact that the vast majority of invested institutions are still strongly bagholding as well as the fact that even TSLA did not liquidate all of their positions (in fact, not even most), should be an encouraging sign for future adoption.

With that said, I don't expect a bear market to crash through any time soon. Simply too much bullish sentiment and well-deserved FOMO right now.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

In a meeting with my friends yesterday, we discussed the fact that Bitcoin has shown a decline that is unprecedented in recent months.
Yesterday we saw a price touch of $ 47,000 and today we had a good growth up to the range of $ 52,000 and I emphasize again that the main price range of Bitcoin will be at $ 44,000 and according to the market situation I will update this analysis but now the most support in The range will be $ 44,000.

Then what happened to the conversation Yesterday? as the Value of Bitcoin reached 58,000$ again? does it mean your talkings only happen when the value is falling but not when rising? that's unfair for the Crypto community that wanted to hear the good and bad news.
Anyway Hope that the air changed now as the price of Bitcoin is showing strong again ang making it to the top in the next days.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: MFahad on May 02, 2021, 12:45:46 AM

Quote from: virasog on May 01, 2021, 11:00:16 PM

There has been a very good momentum in the market from April 25 after price reached $47k and for the past 7 days the price has been slowly rising but with a strong buy support and a solid volume. The new FUD didn't seem to be successful and so far the bear-manipulators lost a lot of money for the whole week.
If the momentum is kept the price could be above $65k by the end of next week.

The FUD machine has been going on strong and despite all of this the price of bitcoin does not budge at all, this is a good sign however I must confess that I am worried because of what we are seeing in the market of altcoins at the moment, we are already seeing huge levels of speculation there and this is bad because it is distracting people from bitcoin and sooner or later this is going to generate a crash that could create another crypto winter we will have to endure for years.

Nah, it is just short term and in the long run it is actually a good thing for bitcoin since all the money that goes into altcoin market will flee that market the day that the dumping begins and they start losing money. We see this in each cycle when the altcoin pumping season begins and the scammers start ripping people off.

Currently the bitcoin dominance is moving down due to which we are seeing a lot of pump in the altcoins but altcoins will not be able to sustain these high prices. If bitcoin started to move towards its another all time high, then all these altcoins will start to bleed as money will start moving in back to bitcoin which will increase its dominance too.

Maybe people focus now on the altcoins and try to make more bitcoin from buying and selling the altcoins.
Once they can make many bitcoins, they will back to bitcoin and maybe that will be the time for bitcoin to start the rally because people who do not make a profit from the altcoin will try to buy bitcoin and that can lift the bitcoin price to the high price.
But unfortunately, that is just a scenario or speculation that we do not know if that really happens.
At this time, we should try to make as many bitcoins as we can or make more money so we can use that money to buy bitcoin at a low price before the price starts to rally.
This time, maybe the bitcoin price will make a correction for some time, so be careful.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: mr_ROBOTT on April 25, 2021, 11:51:27 PM

In a meeting with my friends yesterday, we discussed the fact that Bitcoin has shown a decline that is unprecedented in recent months.
Yesterday we saw a price touch of $ 47,000 and today we had a good growth up to the range of $ 52,000 and I emphasize again that the main price range of Bitcoin will be at $ 44,000 and according to the market situation I will update this analysis but now the most support in The range will be $ 44,000.

Everyone was thinking that bitcoin price will reach 43-44K when it was dumped near 48K. After a week now the prices did not fall to this level, instead we pumped back to 58,000$. This means that there is a lot of demand for bitcoin and bull market isn't over yet. Keep in mind, if we would have fall below 40K, it would have been a start of bear market, but nothing of that sort happen till now.

There are big players who understand the sentiments of this market they are willing to push ahead.

It seems that many has been shaked and those who sold their assets are now regretting as the market bounce back again and bring
huge profits especially those who are good in short term trading.
Practice to have much longer patience it helps a lot in surviving from this journey, investing have lots of challenges but if you do perform well it compensate a lot.

Dave1

hero member

Activity: 1414

Merit: 542

Quote from: MFahad on May 02, 2021, 12:45:46 AM

There has been a very good momentum in the market from April 25 after price reached $47k and for the past 7 days the price has been slowly rising but with a strong buy support and a solid volume. The new FUD didn't seem to be successful and so far the bear-manipulators lost a lot of money for the whole week.
If the momentum is kept the price could be above $65k by the end of next week.

The FUD machine has been going on strong and despite all of this the price of bitcoin does not budge at all, this is a good sign however I must confess that I am worried because of what we are seeing in the market of altcoins at the moment, we are already seeing huge levels of speculation there and this is bad because it is distracting people from bitcoin and sooner or later this is going to generate a crash that could create another crypto winter we will have to endure for years.

Nah, it is just short term and in the long run it is actually a good thing for bitcoin since all the money that goes into altcoin market will flee that market the day that the dumping begins and they start losing money. We see this in each cycle when the altcoin pumping season begins and the scammers start ripping people off.

Currently the bitcoin dominance is moving down due to which we are seeing a lot of pump in the altcoins but altcoins will not be able to sustain these high prices. If bitcoin started to move towards its another all time high, then all these altcoins will start to bleed as money will start moving in back to bitcoin which will increase its dominance too.

Exactly, those pump and dump altcoins are not going to sustain it's run. Sooner or later investors are going to dump them hard, and where else they will go? - Bitcoin. That has been the case in the last bull run.

So it doesn't matter how altcoins are doing for now, bitcoin above 50% or even 40% is still healthy for us. And then institutions and whales and retails started to pour their money on the ecosystem, those altcoins are going to be affected for sure.

MFahad

hero member

Activity: 2506

Merit: 645

Eloncoin.org - Mars, here we come!

There has been a very good momentum in the market from April 25 after price reached $47k and for the past 7 days the price has been slowly rising but with a strong buy support and a solid volume. The new FUD didn't seem to be successful and so far the bear-manipulators lost a lot of money for the whole week.
If the momentum is kept the price could be above $65k by the end of next week.

The FUD machine has been going on strong and despite all of this the price of bitcoin does not budge at all, this is a good sign however I must confess that I am worried because of what we are seeing in the market of altcoins at the moment, we are already seeing huge levels of speculation there and this is bad because it is distracting people from bitcoin and sooner or later this is going to generate a crash that could create another crypto winter we will have to endure for years.

Nah, it is just short term and in the long run it is actually a good thing for bitcoin since all the money that goes into altcoin market will flee that market the day that the dumping begins and they start losing money. We see this in each cycle when the altcoin pumping season begins and the scammers start ripping people off.

Currently the bitcoin dominance is moving down due to which we are seeing a lot of pump in the altcoins but altcoins will not be able to sustain these high prices. If bitcoin started to move towards its another all time high, then all these altcoins will start to bleed as money will start moving in back to bitcoin which will increase its dominance too.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: mr_ROBOTT on April 25, 2021, 11:51:27 PM

There has been a very good momentum in the market from April 25 after price reached $47k and for the past 7 days the price has been slowly rising but with a strong buy support and a solid volume. The new FUD didn't seem to be successful and so far the bear-manipulators lost a lot of money for the whole week.
If the momentum is kept the price could be above $65k by the end of next week.

The FUD machine has been going on strong and despite all of this the price of bitcoin does not budge at all, this is a good sign however I must confess that I am worried because of what we are seeing in the market of altcoins at the moment, we are already seeing huge levels of speculation there and this is bad because it is distracting people from bitcoin and sooner or later this is going to generate a crash that could create another crypto winter we will have to endure for years.

Nah, it is just short term and in the long run it is actually a good thing for bitcoin since all the money that goes into altcoin market will flee that market the day that the dumping begins and they start losing money. We see this in each cycle when the altcoin pumping season begins and the scammers start ripping people off.

virasog

legendary

Activity: 3136

Merit: 1172

Leading Crypto Sports Betting & Casino Platform

In a meeting with my friends yesterday, we discussed the fact that Bitcoin has shown a decline that is unprecedented in recent months.
Yesterday we saw a price touch of $ 47,000 and today we had a good growth up to the range of $ 52,000 and I emphasize again that the main price range of Bitcoin will be at $ 44,000 and according to the market situation I will update this analysis but now the most support in The range will be $ 44,000.

Everyone was thinking that bitcoin price will reach 43-44K when it was dumped near 48K. After a week now the prices did not fall to this level, instead we pumped back to 58,000$. This means that there is a lot of demand for bitcoin and bull market isn't over yet. Keep in mind, if we would have fall below 40K, it would have been a start of bear market, but nothing of that sort happen till now.

adaseb

legendary

Activity: 3808

Merit: 1723

There has been a very good momentum in the market from April 25 after price reached $47k and for the past 7 days the price has been slowly rising but with a strong buy support and a solid volume. The new FUD didn't seem to be successful and so far the bear-manipulators lost a lot of money for the whole week.
If the momentum is kept the price could be above $65k by the end of next week.

The FUD machine has been going on strong and despite all of this the price of bitcoin does not budge at all, this is a good sign however I must confess that I am worried because of what we are seeing in the market of altcoins at the moment, we are already seeing huge levels of speculation there and this is bad because it is distracting people from bitcoin and sooner or later this is going to generate a crash that could create another crypto winter we will have to endure for years.

Alt rallying doesn't mean anything this cycle. They have been rallying on and off for the last 6 months or so. Its different because in 2017 it was mostly BTC rallying entire year, then alts rallied alot and then everything dropped. This cycle is a little bit different because we either have alts rallying with btc, or vice versa or sometimes they are both rallying.

So since BTC topped $65K a few weeks ago and alts like ETH are running down, it doesn't seem its like 2018 where everything just rallied like crazy and popped. The rally was much stronger in 2018. The only coin that rallied really hard is XRP and DOGE. Everything else is just going up slowly and steady.

Silberman

legendary

Activity: 2534

Merit: 1338