Topic: New Bitcoin support! Fall or rise? - page 3. (Read 812 times)
Now the price of bitcoin is 57k,it was a hard to reach 45k.It's not happened in a shot period ,it take more than 3 weeks.The people who had hold their money in trading will do that trading as a part time job.They won't do it as a full time.It's not a gauranted profit from the trading,you should try to handle such situation to get good profit.
No doubt there was a lot of liquidity at $47k, $45k and $42k but sellers were unable to break the $47k barrier to break BTC even more down. I believe that if it was an impact of sellers like Tesla owner who recently claimed that he sold some millions worth of BTC just to show the markets that there's ^enough liquidity^ in the markets, then it seems institutional investors will definitely bring out their BTC to start taking some profits out of BTC as their self-interest of earning profits on their investments has been met already.
In the past ,I have read the speculation about the real value of bitcoin and nobody could estimate such and that is still difficult to predict till date because bitcoin is decentralised, not regulated and price can only be speculated. In recent past we were in the area of $20,000 but a year ago till now has seen a high growth despite analysis on real value. The real value of bitcoin is not known and predicting a fall because of fear of real value may be beating around price and prediction because it is unknown.
What is meant by real value? There are several factors that can determine the real value of an asset such as the utility value of an asset, the level of satisfaction if it is used, their number and also other things. but in this respect, bitcoin is very different from what we learn. The first is like you said, because bitcoin is decentralized, then bitcoin is also currently very influenced by trends, so the fluctuation value is quite high. determining the real value of bitcoin will be quite difficult and even nearly impossible if we can't find a fixed parameter that we can useAnd seriously there may not be any parameter to determine bitcoin value in price. This is because of the decentralised pattern that no body can regulate it. If it was not a community project, then you can wake up to see such but satoshi left the stage on bitcoin after accomplishing that.
The news of Tesla selling some BTC seems to have been negative at first and then positive. Most people panicked at first but they only sold 10% of their holdings and their purpose of selling was mostly to test the liquidity of the
I think there are still hundreds of thousands of institutional investors who strongly support the bitcoin trend. We took Tesla too seriously - Elon Musk. The total they have as I know is approximately 35k BTC. They are not the biggest holders of bitcoins. The 10% they sold is unlikely to be the last reason BTC rallied $ 9k this week. So in my opinion the main reason that will drive demand soaring but not massively but maintained throughout is that mining will decline following the move from China and JP Morgan to provide support. 
Now the tendency must continue and push bitcoin to 60,000$ again, so we can start thinking about a new ATH. The market looks very optimistic about bitcoin yet, despite some bad news around.
Yeah, we are going to have new ATH in the new month as usual. It would be very unlikely for bitcoin markets to break $50k levels any more as it is slowly moving upward for breaking the resistance around $56 to $58k levels. So, getting into $60k may happen at any time like within this April and in new month May, we may have new ATH around $70k levels.OP was mentioning about support levels around $44k levels which may not happen any more as with recent correction bitcoin somehow manged not to drop below $47k levels hence the strong support levels around $45k will hold forever.
So it's important to be fully prepared, holding maximum coins as possible, because buyers are avid for bitcoins, influenced by FOMO, which is caused by institutions moving into crypto universe.
I have made a prediction that bitcoin price will fall to $40.000. Technically I see that there is ABCD downtrend pattern which is strengthened by the formation of a candle today will be a red candle. Also, seeing to the weekly time frame the movement pattern is storngly forming a head and shoulders pattern that will give a sign for the bearish trend.
In the past ,I have read the speculation about the real value of bitcoin and nobody could estimate such and that is still difficult to predict till date because bitcoin is decentralised, not regulated and price can only be speculated. In recent past we were in the area of $20,000 but a year ago till now has seen a high growth despite analysis on real value. The real value of bitcoin is not known and predicting a fall because of fear of real value may be beating around price and prediction because it is unknown.
The unpredictable market has been taking pressures for several times, and what's happening now is the reality of everything. Maybe we'll going to experience a lot of fluctuations before the big ones will going to happen. Don't rush your decision, because there might be an amazing things that going to come when our target value will be meet. Meanwhile we have to experience different scenario, let just ride into it.
Now the tendency must continue and push bitcoin to 60,000$ again, so we can start thinking about a new ATH. The market looks very optimistic about bitcoin yet, despite some bad news around.
Yeah, we are going to have new ATH in the new month as usual. It would be very unlikely for bitcoin markets to break $50k levels any more as it is slowly moving upward for breaking the resistance around $56 to $58k levels. So, getting into $60k may happen at any time like within this April and in new month May, we may have new ATH around $70k levels.OP was mentioning about support levels around $44k levels which may not happen any more as with recent correction bitcoin somehow manged not to drop below $47k levels hence the strong support levels around $45k will hold forever.
I think that Bitcoin is currently having a good recovery, however in the short term it has lost 0.22%, this is considerable from the point of view of scalping traders, and in another order of ideas Bitcoin is in a possible start of trend bullish, there is another investor that entered the market from South Korea, a giant called NEXON ... The analysis they do below is short-term but with a neutral efficiency index:
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Bulls have gained footing above $54,000 and are accumulating more power for the ongoing test of the nearest target at $56,600.
Source: https://u.today/btc-eth-xrp-ada-and-bch-price-analysis-for-april-28
Very nice recovery from bitcoin already hitting 55,000$ again after two corrections which dumped the crypto currency to 51,000$ and 49,000$ support levels on the last days. I was expecting bitcoin could keep dropping to a new support level, following that sequence, but thankfully the opposite happened and it recovered without major corrections.
Now the tendency must continue and push bitcoin to 60,000$ again, so we can start thinking about a new ATH. The market looks very optimistic about bitcoin yet, despite some bad news around.
Now the tendency must continue and push bitcoin to 60,000$ again, so we can start thinking about a new ATH. The market looks very optimistic about bitcoin yet, despite some bad news around.
The correction and dumps are part of Bitcoin journey and in the end the prices will always rise and we will hit bull market after all the investment and money flow in the market again.We are already stepping a stone with prices growing from $47k to $54k within a week with MicroStrategy and Retail investors once again investing money into Bitcoin.
So whosoever has invested during this time will be happy in the long run because they still have invested at good price range as investing at $55k will not hurt when prices will be trading at $85-$100k range in the long run.So all support is in favour and growth of Bitcoin.
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The best time is to invest when there is blood on the roads.
So whosoever has invested during this time will be happy in the long run because they still have invested at good price range as investing at $55k will not hurt when prices will be trading at $85-$100k range in the long run.So all support is in favour and growth of Bitcoin.
The price drop was not unprecedented. There was a lot of instances when the price of Bitcoin dropped at least 50% in just a single day. That is difficult to imagine today when the price has already reached $65,000 but this price drop is not the first time. Of course it is the first time that it dropped more than $10,000 very quickly but in terms of percentage this drop is considered low compared to the past high drops of Bitcoin. So there is nothing very special about this correction.
Falling days are over and the chance to buy bitcoin at a 20% discount is too.
But they are trying to push some new FUD for the following week(s) to try and keep the price down and maybe even short it a little more. It is impossible to predict how the market is going to react to this new FUD though, so we may end up seeing yet another bear massacre where they lost a ton of money relying on their FUD strategy soon.
But they are trying to push some new FUD for the following week(s) to try and keep the price down and maybe even short it a little more. It is impossible to predict how the market is going to react to this new FUD though, so we may end up seeing yet another bear massacre where they lost a ton of money relying on their FUD strategy soon.
Hard to predict on what would be the market condition in next following days but its good to read the news since actually we can get the latest info on what are the big fuds that can possibly affect the market although we don't have an idea on what will happen on future still we should have back up funds to buy in the dip if we really want to earn on bitcoins. Also we need to focus on our positions so that we will not end up being massacred if the market fall.
Yeah, I've also thought the same thing. The Crypto market was hard to predict because there's a lot of factors that could possibly affect the price in the market that is why it is highly recommended to look upon some big news or event that might be a factor. However, that not will always be the case because there are circumstances that these factors could happen in an unexpected way like the dropping rate of mining rates due to flood in China. The thing is anything can happen in the crypto market, it is possible to drop at any moment which is why we should always be ready.
In the past ,I have read the speculation about the real value of bitcoin and nobody could estimate such and that is still difficult to predict till date because bitcoin is decentralised, not regulated and price can only be speculated. In recent past we were in the area of $20,000 but a year ago till now has seen a high growth despite analysis on real value. The real value of bitcoin is not known and predicting a fall because of fear of real value may be beating around price and prediction because it is unknown.
What is meant by real value? There are several factors that can determine the real value of an asset such as the utility value of an asset, the level of satisfaction if it is used, their number and also other things. but in this respect, bitcoin is very different from what we learn. The first is like you said, because bitcoin is decentralized, then bitcoin is also currently very influenced by trends, so the fluctuation value is quite high. determining the real value of bitcoin will be quite difficult and even nearly impossible if we can't find a fixed parameter that we can use 
Yeah, sounds solid enough for support although I still think it's practically around 50k, temporary breaches of that notwithstanding.
Going to need to survive another weekend at these levels to firm up a direction. The way we stand, 10% moves in a day still too common to rule out consecutive shavings of the same magnitude. Even so, 40k is still an attractive support for me. Am sure for most of us too!
Going to need to survive another weekend at these levels to firm up a direction. The way we stand, 10% moves in a day still too common to rule out consecutive shavings of the same magnitude. Even so, 40k is still an attractive support for me. Am sure for most of us too!
Falling days are over and the chance to buy bitcoin at a 20% discount is too.
But they are trying to push some new FUD for the following week(s) to try and keep the price down and maybe even short it a little more. It is impossible to predict how the market is going to react to this new FUD though, so we may end up seeing yet another bear massacre where they lost a ton of money relying on their FUD strategy soon.
But they are trying to push some new FUD for the following week(s) to try and keep the price down and maybe even short it a little more. It is impossible to predict how the market is going to react to this new FUD though, so we may end up seeing yet another bear massacre where they lost a ton of money relying on their FUD strategy soon.
Hard to predict on what would be the market condition in next following days but its good to read the news since actually we can get the latest info on what are the big fuds that can possibly affect the market although we don't have an idea on what will happen on future still we should have back up funds to buy in the dip if we really want to earn on bitcoins. Also we need to focus on our positions so that we will not end up being massacred if the market fall.
In the past ,I have read the speculation about the real value of bitcoin and nobody could estimate such and that is still difficult to predict till date because bitcoin is decentralised, not regulated and price can only be speculated. In recent past we were in the area of $20,000 but a year ago till now has seen a high growth despite analysis on real value. The real value of bitcoin is not known and predicting a fall because of fear of real value may be beating around price and prediction because it is unknown.
Falling days are over and the chance to buy bitcoin at a 20% discount is too.
But they are trying to push some new FUD for the following week(s) to try and keep the price down and maybe even short it a little more. It is impossible to predict how the market is going to react to this new FUD though, so we may end up seeing yet another bear massacre where they lost a ton of money relying on their FUD strategy soon.
But they are trying to push some new FUD for the following week(s) to try and keep the price down and maybe even short it a little more. It is impossible to predict how the market is going to react to this new FUD though, so we may end up seeing yet another bear massacre where they lost a ton of money relying on their FUD strategy soon.
only 10% I think it is not so influential there is still the remaining 90% they have of the total investment, I think the news will not really affect the market, what affects the market is how USA policy in the next few days if it happens like last week it could be a bitcoin crash again but hopefully in the next few days there is good news so that bitcoin continues its bullish so that it reaches a new ATH.
The factual sell didn't cause much trouble and probably had no significant effect on the price itself. However, the very fact that Tesla sells may have caused panic, because there was a portion of new Bitcoin adopters, that purchased Bitcoin after Elon's strong and public support. Also, I wouldn't be so eager about the new ATH, there's still a correction going on. Give BTC a break, it needs to stabilize
After bitcoin touch 47k$ it bounce back to 54k$ that was amazing right? It drops small numbers and bounce back a bit big from 50k$ to 47k$ and then from 47k$ to 54k$ isn't it amazing? I believe that if bitcoin drop up to 44k$ it will maybe bounce back in big numbers base on my own analysis maybe it will reach 60k$ in the next few weeks from now.
correct that's why im not surprised anymore on what will be the next result of bitcoin after all the fluctuation in the market .. Because i do believe that it still can recover back or even excess as long as still have a strong support.. Indeed it will not bounce back if it dont have strong resistance/support . Wherein maybe its now keep falling like a rock in my opinion.. And this current situation? well for me its due to some greedy hodler and this is nothing for sure. because indeed despite bitcoin still making a sign in the market, and i have doubt perhaps it keep searching again for new place to land.. The uptrend isn't done yet..
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