Share your opinion on the market. - page 7.

michellee

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Quote from: ajiz138 on September 23, 2023, 11:55:16 PM

Quote from: michellee on September 23, 2023, 11:40:54 PM

snip

Sideways have happened several times in the previous few months when bitcoin was at $30K, it was sideways monthly, the following month was the same below that price, currently there has been no upward price movement because the market is still under pressure.

And during this month, Bitcoin's movement remained sideways even though the price level was different from last month. Even though there have been increases and decreases this month, the sideways position still dominates Bitcoin prices. So let's wait until the end of this month and hopefully, there will be changes in the price movement.

Quote from: ajiz138 on September 23, 2023, 11:55:16 PM

Quote from: michellee on September 23, 2023, 11:40:54 PM

snip

This is a new issue that I heard, it's not surprising that Elon Musk is paying attention to Bitcoin as a payment method again, but he always shows his silliness so he's not completely sure that he will integrate Bitcoin into his payments again.
If he tweets again about bitcoin, then the hype will come.

I don't like his silliness, but that's him with all his uniqueness. If he tweets again about Bitcoin, let's hope it's at the right time so that it can boost the Bitcoin price to jump and pass $30k or $40k immediately Grin

But if he still delayed it, it seems the market needs another boost to the upside.

Quote from: ajiz138 on September 23, 2023, 11:55:16 PM

Quote from: michellee on September 23, 2023, 11:40:54 PM

snip

Never worry about where Bitcoin will go, if it goes up then it's good news about other positives, if it goes down then prepare for even greater accumulation.
The forecast for the next month will be sideways again for a month.

I'm not worried about anything that happens to Bitcoin because I already believe Bitcoin will increase again. If the prediction is that Bitcoin prices will fall next month, I will buy it again and I already prepared some money for that.

Quote from: Don Pedro Dinero on September 24, 2023, 12:35:27 AM

Quote from: michellee on September 23, 2023, 11:40:54 PM

snip

Well, Elon accepting bitcoin payments for Tesla again or the final approval of the bitcoin spot ETF could have an upward influence but as we get deeper into the bull market there may also be other news that can push the price upwards that we cannot foresee now. Although in the case of Elon we have already seen that just as he can push the price up, he can push it down, however much it may weigh on us, and in the case of the bitcoin spot ETF, although I believe that the initial reaction will be upwards, he can also add volatility and push the price down faster in downturns.

Both of these things can push the price of Bitcoin to increase quickly. And if those two things come together, the Bitcoin market will become bullish and make its price jump higher. And the price could immediately reach $30k or $40k and stabilize at that price.

In Elon's case, he is still waiting to tweet at the market. And in the case of spot Bitcoin ETFs, there seems to be another delay.

WatChe

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Quote from: mich on September 24, 2023, 01:24:12 AM

Well I think my opinion on the market right now is the same as lots of other people. I think we are waiting very patient for ETFs and then the halving next year for the next 'bull run'.

I think we were hoping for the price of Bitcoin to be more then $26k right now. But we all know the next 'bull run' will be rewarding for us.

I would say more expectations are from halving next year then the ETF launching. The reason why we see a stable Bitcoin price is because majority of Bitcoin investors are eyeing on halving coming up next year. Its very positive from Bitcoin prespective that price of Bitcoin is stable in between 25k to 30k window, something never seen before. My oponion about market is that its taking necessary and final preparation before the halving event coming up next year.

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Well I think my opinion on the market right now is the same as lots of other people. I think we are waiting very patient for ETFs and then the halving next year for the next 'bull run'.

I think we were hoping for the price of Bitcoin to be more then $26k right now. But we all know the next 'bull run' will be rewarding for us.

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The market can go in either direction. The price at the moment is consolidated between $25k to $27k, and we might see a fake-out rally towards $30k to attract more investors. Many analysts are predicting that the market correction is not over yet, and we might see a dip toward $20k or below in the coming months. SEC is also playing a central role in determining the next move, with ETF approval and Binance US investigation. Investors are waiting for ETF approval by the SEC. Let's see whether they approve or reject the request. I think the price will pump after BTC halving next year.

Don Pedro Dinero

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Quote from: michellee on September 23, 2023, 11:40:54 PM

And I agree with @bayu7adi that if Elon accepts Bitcoin payments again, it could boost Bitcoin prices to increase. But I don't think too much about it. Elon often changes his tweets suddenly.

Well, Elon accepting bitcoin payments for Tesla again or the final approval of the bitcoin spot ETF could have an upward influence but as we get deeper into the bull market there may also be other news that can push the price upwards that we cannot foresee now. Although in the case of Elon we have already seen that just as he can push the price up, he can push it down, however much it may weigh on us, and in the case of the bitcoin spot ETF, although I believe that the initial reaction will be upwards, he can also add volatility and push the price down faster in downturns.

YUriy1991

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Quote from: Kemarit on September 22, 2023, 04:04:41 PM

Quote from: letteredhub on August 07, 2023, 06:15:05 AM

I saw this image from a telegram page. I don't know but thought it wise to bring it here to the forum. Maybe we can brainstorm discussion-wise based on individuals opinions. From the image as shown above what's your prediction on the direction of the market next move? Feel free to express your opinion be you a professional or trading expert or not.

I don't think that we need to brainstorm it though, I'm no expert, but it seems that the price is going on a roller coaster ride.
Meaning, we are still in the bear market, we can't even break the $30,000 barrier again? So just expect that the market will go on a sideway pattern in short term.
So it could be this month, or maybe up to the end of the year.
But as others have said, since we are in the bear market, then still take advantage of the market, just continue to accumulate as much as you can.

That's right and I agree with you in reading this, yes, the market situation is still the same as before, it's still sideways and hasn't shown the direction of a good movement, but what we have to understand is how to take advantage of the situation and increase profits with a trading method that produces the important thing that is realistic and not dizzy after entering the market because the ultimate goal in trading is profit, not loss.

GeorgeJohn

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That is the previous increase and decrease of bitcoin marketcap, that did not let us to conclude that bitcoin have already increased or fall at any point in time, interpreting such chart I will say the movement of the candle sticks showing that the market was promising and later depreciate in value, so let us not conclude that with such chart that the market of cryptocurrency is increasing.what we should ask ourselves is that, such chart does that shows that its something of recent or 2017 chart of bitcoin, because sometimes some of the promoters and signals people who use the predictions of bitcoin price for money usually post an old chart of bitcoin increment and decrement in order to get paid through social media accounts.

What I want you understand is that whenever you see such thing don't on your own think that maybe bitcoin has rise beyond the market expectations by investors, just scrutinised the market and across check by gathering information to another source before you can take your decision and render your own opinion to people. Secondly you have to learn the chart of cryptocurrency especially bitcoin, so that you will be able to know when the price of bitcoin is about to increase and when the price of bitcoin decreases.

ajiz138

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Quote from: michellee on September 23, 2023, 11:40:54 PM

The image provided by @bayu7adi shows that Bitcoin's movement looks sideways, so it is possible to continue. Maybe until the end of this month, the movement will still be the same.

Sideways have happened several times in the previous few months when bitcoin was at $30K, it was sideways monthly, the following month was the same below that price, currently there has been no upward price movement because the market is still under pressure.

Quote from: michellee on September 23, 2023, 11:40:54 PM

And I agree with @bayu7adi that if Elon accepts Bitcoin payments again, it could boost Bitcoin prices to increase. But I don't think too much about it. Elon often changes his tweets suddenly.

This is a new issue that I heard, it's not surprising that Elon Musk is paying attention to Bitcoin as a payment method again, but he always shows his silliness so he's not completely sure that he will integrate Bitcoin into his payments again.
If he tweets again about bitcoin, then the hype will come.

Quote from: michellee on September 23, 2023, 11:40:54 PM

I still think that Bitcoin price conditions look sideways for a while. And reaching the price of $30k still seems difficult this month. No one knows what will happen in the next month but hopefully, there will be some good news released so that the price of Bitcoin can increase. But we must remember that the price of Bitcoin can go anywhere and without any notice. So we better be prepared for all possibilities.

Never worry about where Bitcoin will go, if it goes up then it's good news about other positives, if it goes down then prepare for even greater accumulation.
The forecast for the next month will be sideways again for a month.

michellee

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The image provided by @bayu7adi shows that Bitcoin's movement looks sideways, so it is possible to continue. Maybe until the end of this month, the movement will still be the same.

And I agree with @bayu7adi that if Elon accepts Bitcoin payments again, it could boost Bitcoin prices to increase. But I don't think too much about it. Elon often changes his tweets suddenly.

I still think that Bitcoin price conditions look sideways for a while. And reaching the price of $30k still seems difficult this month. No one knows what will happen in the next month but hopefully, there will be some good news released so that the price of Bitcoin can increase. But we must remember that the price of Bitcoin can go anywhere and without any notice. So we better be prepared for all possibilities.

kingvirtus09

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Quote from: letteredhub on August 07, 2023, 06:15:05 AM

I saw this image from a telegram page. I don't know but thought it wise to bring it here to the forum. Maybe we can brainstorm discussion-wise based on individuals opinions. From the image as shown above what's your prediction on the direction of the market next move? Feel free to express your opinion be you a professional or trading expert or not.

To be honest, if Bitcoin holders are long-term holders today, I am very sure they are unaffected by what is going on in the market, since analyzing the chart today, I can conclude we are still negative.

Also, based on my technical analysis, it is probable that it will drop another 25k$, at which point it will liquidate, but this is dependent on what occurs in the news in the coming days. Of course, if it is entirely negative, the market will fall. And if that happens many of the communities will take the chance to buy Bitcoin and some other altcoins as well.

Xcode7

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Quote from: bayu7adi on September 23, 2023, 09:49:01 PM

Quote from: eightdots on September 23, 2023, 06:25:48 AM

I also thought 30k would come early, but now we are a little bit away from that price. I agree with your opinion that there will be manipulations in December because people can spend so much money for Christmas. For this, resources are required and they can obtain this resource through manipulations.

Bitcoin needs good news and institutional investors need to show up now.

Elon Musk has the potential to boost Bitcoin's trading volume by year-end through a renewed acceptance of Bitcoin as a payment method for Tesla or other crypto-friendly initiatives that could resonate positively with the crypto community. This is elaborated upon in the following thread: https://bitcointalksearch.org/topic/will-elon-musk-keep-what-he-said-or-not-5467398

In my own perspective, I believe that the price of Bitcoin will experience a period of sideways movement due to the ongoing decline in trading volume. Indeed, scenarios are needed to stir the market in late 2023, and one of these could be the news of Elon Musk once again embracing Bitcoin. Alternatively, other developments may surface within the next month. Let's keep an eye out for them.

I really believe in this because I think Elon Musk is someone who has quite a lot of power in playing market prices.
However, apart from that, if you look at the current market conditions which are quite strong without any significant price movements, it proves that the support is quite high, so logically I think this is a positive thing which allows other positive things to happen, namely an increase which is very possible to happen. .

And for the price of 30k I think it is not difficult to see it again this year, throughout the year the price of 30k is a fairly strong price and even though there have been corrections and increases we have seen the price of 30k very often, so it is very possible for it to happen again.

bayu7adi

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Quote from: eightdots on September 23, 2023, 06:25:48 AM

I also thought 30k would come early, but now we are a little bit away from that price. I agree with your opinion that there will be manipulations in December because people can spend so much money for Christmas. For this, resources are required and they can obtain this resource through manipulations.

Bitcoin needs good news and institutional investors need to show up now.

Elon Musk has the potential to boost Bitcoin's trading volume by year-end through a renewed acceptance of Bitcoin as a payment method for Tesla or other crypto-friendly initiatives that could resonate positively with the crypto community. This is elaborated upon in the following thread: https://bitcointalksearch.org/topic/will-elon-musk-keep-what-he-said-or-not-5467398

In my own perspective, I believe that the price of Bitcoin will experience a period of sideways movement due to the ongoing decline in trading volume. Indeed, scenarios are needed to stir the market in late 2023, and one of these could be the news of Elon Musk once again embracing Bitcoin. Alternatively, other developments may surface within the next month. Let's keep an eye out for them.

eightdots

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Quote from: Baofeng on September 22, 2023, 05:02:24 PM

Quote from: ?? on ??

I think the Bitcoin market will start to grow by the end of this year. Because the Bitcoin market is very bad this year. Because the price of Bitcoin is not increasing at all this year.Bitcoin price has not risen above 30k at all this year. It will probably begin to rise later this year.

Technically, at the end of the year, we are still in the bear market, so not sure if it will start to grow. I was hoping that in the last quarter, we might see $30k at least, but with the current sentiments, it might be difficult to accomplished that.

But watch out for December though, there could be occasional pumps like Christmas or New Year, but it doesn't meant that it will sustain it's ran. I'm basing it from previous history, that during December, there could be some manipulation by entities to push the price a bit and then take some quick profits for the holiday.

It is true that we are in a bear market. Before making a prediction for the end of the year, we can see that the economic situation is not good at all and there is no good reason for an increase in the price of Bitcoin. Maybe good news will come one after another and the situation will change, I don't know.

I also thought 30k would come early, but now we are a little bit away from that price. I agree with your opinion that there will be manipulations in December because people can spend so much money for Christmas. For this, resources are required and they can obtain this resource through manipulations.

Bitcoin needs good news and institutional investors need to show up now.

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Quote from: mk4 on September 22, 2023, 12:55:27 PM

Without even looking at whatever chart, it's pretty evident that the current state of the cryptocurrency markets is pretty weak. Almost every pump doesn't have any followup at all, and just ends up totally retracing. A huge factor being that I don't think there are signs of retail coming back any time soon.

They will return only when there is no doubt that the bull run has started, because most such investors do not want or cannot afford to have their money invested for too long, especially in something as volatile as Bitcoin. We have seen this so many times that we can say that it is a constant, and for them the idea of "fast in, even faster out" is something that characterizes Bitcoin as a way to make quick money and nothing more than that.

However, I am interested in whether the average Joe will react the same in the next bull run as it was the case in the past, because inflation is still something that deeply affects all those who are not in the upper class. For many, the money that they would have otherwise invested in something has already been spent or the stock under the mattress is getting smaller and smaller, and borrowing money for risky investments is something that many have been burned by in the past.

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Quote from: adaseb on September 22, 2023, 11:37:31 PM

The market is not going anywhere. You would think that by end of September it would have a trend at least but it’s just trading sideways.

Wonder if we will get another November 2018 event where we trade nowhere and then out of the blue we have a huge dump. Price action is very similar to those days when we were bouncing off the $6K support.

I agree that we will be just going on a sideways, I mean if I'm not mistaken, after reaching $30k last March, April was a sideway patterns for many months until we have some break out run in June, but still we haven't had that sustained run.

However, I do not see a November 2018 event here, we are just months away from the halving. Maybe this is just some sort of calm before we will have the halving for next year and then the eventual bull run. So most likely, this will be our price till the end of this year.

adaseb

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The market is not going anywhere. You would think that by end of September it would have a trend at least but it’s just trading sideways.

Wonder if we will get another November 2018 event where we trade nowhere and then out of the blue we have a huge dump. Price action is very similar to those days when we were bouncing off the $6K support.

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Quote from: Baofeng on September 22, 2023, 05:02:24 PM

Quote from: ?? on ??

I think the Bitcoin market will start to grow by the end of this year. Because the Bitcoin market is very bad this year. Because the price of Bitcoin is not increasing at all this year.Bitcoin price has not risen above 30k at all this year. It will probably begin to rise later this year.

Technically, at the end of the year, we are still in the bear market, so not sure if it will start to grow. I was hoping that in the last quarter, we might see $30k at least, but with the current sentiments, it might be difficult to accomplished that.

I also think the same, I believe the market will start to uptrend after the halving. There is not much going at this moment to push the transition of the market to become bullish. The sentiment also does not receive enough good news to become highly positive.

Quote from: Baofeng on September 22, 2023, 05:02:24 PM

But watch out for December though, there could be occasional pumps like Christmas or New Year, but it doesn't meant that it will sustain it's ran. I'm basing it from previous history, that during December, there could be some manipulation by entities to push the price a bit and then take some quick profits for the holiday.

Any pump during the Yuletide season is just another higher low and probably becomes a bull trap. So better be careful in trading at this point in time.

Baofeng

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Quote from: ?? on ??

I think the Bitcoin market will start to grow by the end of this year. Because the Bitcoin market is very bad this year. Because the price of Bitcoin is not increasing at all this year.Bitcoin price has not risen above 30k at all this year. It will probably begin to rise later this year.

Technically, at the end of the year, we are still in the bear market, so not sure if it will start to grow. I was hoping that in the last quarter, we might see $30k at least, but with the current sentiments, it might be difficult to accomplished that.

But watch out for December though, there could be occasional pumps like Christmas or New Year, but it doesn't meant that it will sustain it's ran. I'm basing it from previous history, that during December, there could be some manipulation by entities to push the price a bit and then take some quick profits for the holiday.

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Quote from: mk4 on September 22, 2023, 12:55:27 PM

Without even looking at whatever chart, it's pretty evident that the current state of the cryptocurrency markets is pretty weak. Almost every pump doesn't have any followup at all, and just ends up totally retracing. A huge factor being that I don't think there are signs of retail coming back any time soon.

We know that when it comes to fundamentals or even technical aspects when it comes to price movement then it isnt really something that much needed most of the time since the price could really move it own
which those things are really that been observed back in the past but now in the present times or into some couple of years previous which it is really that showing that it is already that needing up some back up
news or sentiments which would really be able to act as a catalyst for the price to shoot up or having that significant move because if its not then for sure it would really be having that retracement or correction
after some minimal pump or simply it cant really be able to sustain or break those resistance due to lack of some positive sentiment. Same goes whenever we do see some negativity here on the market.

Kemarit

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Quote from: letteredhub on August 07, 2023, 06:15:05 AM

I saw this image from a telegram page. I don't know but thought it wise to bring it here to the forum. Maybe we can brainstorm discussion-wise based on individuals opinions. From the image as shown above what's your prediction on the direction of the market next move? Feel free to express your opinion be you a professional or trading expert or not.

I don't think that we need to brainstorm it though, I'm no expert, but it seems that the price is going on a roller coaster ride.
Meaning, we are still in the bear market, we can't even break the $30,000 barrier again? So just expect that the market will go on a sideway pattern in short term.
So it could be this month, or maybe up to the end of the year.
But as others have said, since we are in the bear market, then still take advantage of the market, just continue to accumulate as much as you can.

Topic: Share your opinion on the market. - page 7. (Read 1271 times)