Sounds of bulls screaming | Bitcointalksearch.org

Ultegra134

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Quote from: STT on August 03, 2024, 11:52:31 AM

Finally this title thread fits the action, we losing price as fast it was regained within July. Its going to take alot to stop this amount of selling as we have not hesistated even for a day at the 50 or 200 day averages.

That leaves us to face the same question as the 5 months lows which appeared. I did wonder what happens when you make a new low like that and leave it behind, do we revisit well we have answer its very probable now.

So presuming we end tomorrow Sunday below the 200 day average with no recovery, that would seem to seal the deal and confirm weakness not only near term but challenging wider time frames. 58.1k is target downside and lower prices possible, this is a bigger area within which to judge performance.

That's actually true; I just realized how much Bitcoin has dropped in value over the past few days. Is that much of a concern, though? I believe we're used to its volatility, and the past few months have been relatively stable. I was just reading an article that claimed that Trump's speech and FBI warnings regarding cryptocurrencies account for the loss of up to 10% of its value in the past week. As you also mentioned, it seems that we're in a selling rally that's going to break the $60,000 mark.

STT

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Finally this title thread fits the action, we losing price as fast it was regained within July. Its going to take alot to stop this amount of selling as we have not hesistated even for a day at the 50 or 200 day averages.

That leaves us to face the same question as the 5 months lows which appeared. I did wonder what happens when you make a new low like that and leave it behind, do we revisit well we have answer its very probable now.

So presuming we end tomorrow Sunday below the 200 day average with no recovery, that would seem to seal the deal and confirm weakness not only near term but challenging wider time frames. 58.1k is target downside and lower prices possible, this is a bigger area within which to judge performance.

Ojima-ojo

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Quote from: DiMarxist on July 04, 2024, 03:27:42 PM

It has been long we have seen this low but we all know that bitcoin is not stable in one place and it volatile in movement so it is not new to me and I also know that this can happen at any time. So as investors we have to prepare ourselves for this at anytime. We buy more when the price goes down and make our profits when the price is going up.
The time to purchase more is the time when the price is going down. Good Investors are not afraid of the market because it is always on their favour.

There is one topic title that I like so much, which said to buy the dip, this is the highest advice for anyone when the price of bitcoin touched at discounted level anytime, most of the newbies have not taken the time to study the market movement in bitcoin chart or wait to have experience anything before jumping into concluding that we are already at bull, because of a quick price recovery situations.

So let guide our thoughts in the right direction with all the necessary weapons which is the knowledge we build over time, to make the right speculations anytime we attempt doing so because it's only with the right knowledge we can take any right decisions along investment line, bitcoin is volitile yes we know but understand it market movement place you in a better position.

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Well we did have some good days of 'bull run' and earning big profit. But now I do think those bulls are slowing down for some reason we do not know.
But we can see prices of all the coins are going down. Bitcoin is down almost 10 percent just in the last week.
And there is 'bullish' article saying why we saw this price change like this. https://ambcrypto.com/why-is-crypto-down-today-september-has-the-answer/

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Quote from: Viscore on July 27, 2024, 04:59:21 PM

I am also seeing that this time, bitcoin price may continue to be bullish and hits its new all time high. And let’s be realistic, even if bitcoin is not currently bullish today, it’s still bound to create a significant price increase right after a huge dump so bitcoin bull run is still inevitable and we would be witnessing another bull run by hook or by crook. Im just glad that we are seeing a stable price for bitcoin at the moment, and I believe it will become more bullish once Trump will speak about bitcoin in the bitcoin conference.

But on the other hand, we are also facing another drop earlier this month because the Fed did not cut its interest rates which caused some investors to sell their Bitcoin holdings again earlier this month so we have seen another price drop in Bitcoin. But I am not too worried about the current condition because Bitcoin will still find a better upward path in the rest of this year because there are many influential people around Trump who also like Bitcoin so we can all still expect more from Bitcoin this year.

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Quote from: bestcoins1 on July 27, 2024, 02:28:07 AM

Quote from: Zigabel on July 26, 2024, 06:37:29 PM

The bull run ahead is anticipated and its for every trader what they are really looking forward to because for most of them this includes both investors, it means profits so they are not at any point expecting any less off the bull run .

The news for these traders stands for profits and they cannot afford to not utilize this opportunity to making the kind of profit they anticipate off the bull run, they know too well that they will have to make the best of the momentum and the high ranges with the sole aim and purpose to just make money off it.

The bull run is the best moment that many people have ever seen in the times before now so it is an absolute thing that most people are very happy to wait for again, including traders and investors. Because if we look at it from the profit aspect, of course the investors have the potential to get more than traders whose activities are only buying and selling in a moment without holding for a longer period. And now Bitcoin has passed the price of $68K again which means that the price could break through the level of $70K again in the near future.

I am also seeing that this time, bitcoin price may continue to be bullish and hits its new all time high. And let’s be realistic, even if bitcoin is not currently bullish today, it’s still bound to create a significant price increase right after a huge dump so bitcoin bull run is still inevitable and we would be witnessing another bull run by hook or by crook. Im just glad that we are seeing a stable price for bitcoin at the moment, and I believe it will become more bullish once Trump will speak about bitcoin in the bitcoin conference.

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Quote from: Zigabel on July 26, 2024, 06:37:29 PM

Quote from: Bitwave01 on July 04, 2024, 11:58:38 AM

Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

The bull run ahead is anticipated and its for every trader what they are really looking forward to because for most of them this includes both investors, it means profits so they are not at any point expecting any less off the bull run .

Yes, but we need to wait for the bulls to appear in the market, I mean we are looking for like a big run, but so far we are below the last all time high. But give it some time, ETF news though could be price-in. But still we have seeing lots of money flowing in the market because of the ETF news.

Quote from: Zigabel on July 26, 2024, 06:37:29 PM

The news for these traders stands for profits and they cannot afford to not utilize this opportunity to making the kind of profit they anticipate off the bull run, they know too well that they will have to make the best of the momentum and the high ranges with the sole aim and purpose to just make money off it.

The best strategy is to keep on accumulating at this price. We are still not in the 6 digits, so plenty of time for us to save some Bitcoin. We might used the old but very effective DCA, or just used any method that fits us individually and then again, have the patience to keep on holding until the time to sell and make a lot of money in this version of the bull run in 2025.

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Quote from: bestcoins1 on July 27, 2024, 02:28:07 AM

Quote from: Zigabel on July 26, 2024, 06:37:29 PM

The bull run ahead is anticipated and its for every trader what they are really looking forward to because for most of them this includes both investors, it means profits so they are not at any point expecting any less off the bull run .

The news for these traders stands for profits and they cannot afford to not utilize this opportunity to making the kind of profit they anticipate off the bull run, they know too well that they will have to make the best of the momentum and the high ranges with the sole aim and purpose to just make money off it.

The bull run is the best moment that many people have ever seen in the times before now so it is an absolute thing that most people are very happy to wait for again, including traders and investors. Because if we look at it from the profit aspect, of course the investors have the potential to get more than traders whose activities are only buying and selling in a moment without holding for a longer period. And now Bitcoin has passed the price of $68K again which means that the price could break through the level of $70K again in the near future.

That is to be expected, and this what separates Bitcoin market against the rest, we have a cycle, and each has it's own importance and they are equally needed. Others might think that Bull run is the best, but you have to look at bear market as well. Because without the bear market, we won't have the chance to buy cheap Bitcoin and we can't start our own accumulation phase.

And the catalyst for a bull run is the halving and so with that, we might see the price going up in the next couple of months. Although we have set a new all time high already and it's the first time that it did happen. Nevertheless, we are still looking at the end of 2024 and 2025 as the biggest rise. It will be parabolic and huge that the prediction is that $100,000 at least conservative estimates as the peak price in this bull run.

bestcoins1

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Quote from: Zigabel on July 26, 2024, 06:37:29 PM

The bull run ahead is anticipated and its for every trader what they are really looking forward to because for most of them this includes both investors, it means profits so they are not at any point expecting any less off the bull run .

The news for these traders stands for profits and they cannot afford to not utilize this opportunity to making the kind of profit they anticipate off the bull run, they know too well that they will have to make the best of the momentum and the high ranges with the sole aim and purpose to just make money off it.

The bull run is the best moment that many people have ever seen in the times before now so it is an absolute thing that most people are very happy to wait for again, including traders and investors. Because if we look at it from the profit aspect, of course the investors have the potential to get more than traders whose activities are only buying and selling in a moment without holding for a longer period. And now Bitcoin has passed the price of $68K again which means that the price could break through the level of $70K again in the near future.

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Quote from: Bitwave01 on July 04, 2024, 11:58:38 AM

Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

The bull run ahead is anticipated and its for every trader what they are really looking forward to because for most of them this includes both investors, it means profits so they are not at any point expecting any less off the bull run .

The news for these traders stands for profits and they cannot afford to not utilize this opportunity to making the kind of profit they anticipate off the bull run, they know too well that they will have to make the best of the momentum and the high ranges with the sole aim and purpose to just make money off it.

bitgolden

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I agree that with the way 4 year cycle works, with the way Trump works, with the way how fed rate is expected to drop, all of these combined looks like we are going to have one of those all time increases. I honestly expect to see something like 200k+ being quite realistic, would be around 3x or so, a little more maybe compared to previous ATH as well, which we may reach. I am not saying we will get there, nobody knows what we are going to do, it is not like some certain math, it's unknown and just a prediction.

However, we reached 70k already, and going above 100k wouldn't be enough for people to make a profit from, sure it is some profit, but for it to be a huge bull run, that alone isn't enough. We need to see 200k+ or even 250k+ if we can in order to make that into a profitable business, that way we will do better.

I personally believe that if we really want to make some money, we need to consider the fact that we can make it work by just throwing money at bitcoin right now and we should just wait more and more. If we can do that, I am pretty sure that we are going to end up with a profit, because it looks like the bull run will be a huge one this year, and start of next year as well.

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Quote from: Majestic-milf on July 18, 2024, 01:14:42 AM

Quote from: famososMuertos on July 04, 2024, 12:09:33 PM

Check the data on minimum prices this year, in all 6 months we have been below 60k or in that +50k range, even in January we were in the +40k range, so nothing happens, just stay in: "Stay calm" mode. : )

While I'd agree it's too early to start celebrating Bitcoin price, it's still won't be out of place to be a bit excited though. Like you said, the first six months are often rocky for it's price but we are in the seventh month so probably it will be something good? Coupled with the fact that the Trump wave is still on, we'd definitely see some upward moves.

I think having Trump to speak on bitcoin conference, probably this will create another pump for bitcoin until we get to see bitcoin price continue to surge high even more, especially that we are nearly hitting the last quarter of the year which is known to be the bullish time of the year. However, bitcoin price may still experience some price crash before it goes bullish, but rest assured once the correction is over, we will get to see bitcoin getting ready to reach its new all time high, if not the end of this year, probably by next year.

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Quote from: Marvell1 on July 18, 2024, 04:49:01 AM

Besides the Trump wave, if we rely on history, believe in the 4-year cycle and believe that it will repeat, we are very close to this year's bull season. Not to mention the fact that the Fed will lower interest rates in September is also an important factor to help the market grow...there are many factors for us to be optimistic at this time.
Frankly, those who can survive this far have no reason to be pessimistic at this point when we are only a few months away from the bulls.
Mt.gox is probably the biggest and final fear we need to overcome, and once that fear passes, I believe the bull market will come very fast and strong.

https://www.cnbc.com/2024/07/16/traders-see-the-odds-of-a-fed-rate-cut-by-september-at-100percent.html#:~:text=There%20are%20now%2093.3%25%20odds,to%20the%20CME%20FedWatch%20tool.

You're right. It's crazy to start harbouring fears of a crash in price if we were able to endure the past weeks. I just have the belief that the best of Bitcoin price is yet to come and this is only the tip of the iceberg.

The Mt Gox incidence really rocked the Bitcoin space and for now all seems to be calm but I won't rule out the possibility of us experiencing something like that, even though it won't be close.

bestcoins1

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Quote from: Ishicryptic on July 20, 2024, 03:12:14 AM

When we are experiencing price dip, the best approach is to relax and wait for price recovery that will lead to price pump. Instead of worry and panic, then rush to sale, the best approach is to buy the dip and wait. Bitcoin price dip doesn't last forever, it's not like one of those shitcoins that stays down and never comes up again, it will always have that potentials to rally and skyrocket. Bitcoin price as of today is approximately $66k, a leap compered to it's recent price that dipped to $56k, so the strategy during price dip should be buy, hodl and wait for bull run, this is the sweet dynamics of Bitcoin that has made it the king of all cryptocurrency.

It seems like the person you're telling this to also really knows that Bitcoin is the king of all cryptocurrencies so I'm not sure that person would be even more panicked when they saw the price drop. Because he also knows how to take advantage of his time when this happens to Bitcoin and we can also see that there are still many people who want to buy Bitcoin when the price is experiencing a decline and are still willing to wait for the price recovery in Bitcoin. This means that now everyone is smarter in taking advantage of the conditions that occur so that they can still find profits in conditions like today without hesitation to continue owning Bitcoin and forget about other damn coins.

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Quote from: C10H15N on July 04, 2024, 01:07:35 PM

"When in danger or in doubt, Run in circles, scream and shout." - Herman Wouk, The Caine Mutiny (1951).

Relax newbies (and consider buying the dip). This, too (unlike the Balrog), shall pass. 😉😎

When we are experiencing price dip, the best approach is to relax and wait for price recovery that will lead to price pump. Instead of worry and panic, then rush to sale, the best approach is to buy the dip and wait. Bitcoin price dip doesn't last forever, it's not like one of those shitcoins that stays down and never comes up again, it will always have that potentials to rally and skyrocket. Bitcoin price as of today is approximately $66k, a leap compered to it's recent price that dipped to $56k, so the strategy during price dip should be buy, hodl and wait for bull run, this is the sweet dynamics of Bitcoin that has made it the king of all cryptocurrency.

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Quote from: justdimin on July 06, 2024, 07:32:22 AM

Quote from: passwordnow on July 04, 2024, 01:24:42 PM

Everyone has to chill and think of it that whenever there have been some huge drops, the counterpart of it is that you should brace yourselves and be prepared for the upcoming recovery anytime soon.

Yeah, every drop is just another entry point. For those DCA investors, these drops are the points which helps to achieve better average buying prices.

So how are those people that have DCAed during the time when Bitcoin was so slow and have dumping? There's a lot of increase coming from the bottom that we've seen. Those that were patient and didn't panic deserves to have their Bitcoins and if they plan to keep on holding, then hold and wait until we see the peak or near to it.

Quote from: justdimin on July 06, 2024, 07:32:22 AM

Bitcoin market definitely will not stay stagnant for continuous 2 or more weeks hence we will see a clear direction before end of this month for sure.

And here we go, those that have waited for this can look again and think of their decisions if they've done it correctly or still wanting to see the bottom and think that there will be lower of it.

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Quote from: Marvell1 on July 18, 2024, 04:49:01 AM

Besides the Trump wave, if we rely on history, believe in the 4-year cycle and believe that it will repeat, we are very close to this year's bull season. Not to mention the fact that the Fed will lower interest rates in September is also an important factor to help the market grow...there are many factors for us to be optimistic at this time.

We're already in the bulls. The motion for the past weeks of Bitcoin up to this day is a sign that it has been or even dates back several months ago, there's already the confirmation. But it's that people watch out to the most recent plummets and that's why it seems everyone think that we're not in the bull run yet. And that's the reason why I am bullish because of the 4 year cycle and all of this positive news are just additional and contributes more to the upcoming peak that it is about to show us.

Quote from: Marvell1 on July 18, 2024, 04:49:01 AM

Frankly, those who can survive this far have no reason to be pessimistic at this point when we are only a few months away from the bulls.
Mt.gox is probably the biggest and final fear we need to overcome, and once that fear passes, I believe the bull market will come very fast and strong.

You said it right. Those who have stayed for so long and yet are discouraged by what happened last week/s about Bitcoin reaching near below $53k. That's normal, we've been from the top and went quite low and now back to $60kish.

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Quote from: YOSHIE on July 18, 2024, 02:49:23 PM

Quote from: Bitwave01 on July 04, 2024, 11:58:38 AM

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

Withdraw as you like, the halving has passed, you have to repeat it in the next four years, for me ETF is just a joke, they don't really dare to do anything to Bitcoin, ETF news only makes matters worse, investors don't want to get into a mousetrap, they prefer to get out and wander.

There is no speculation that really says the market is bull at the moment, many speculations have been put forward but none of them can be relied on, that is a fact, the market is acting beyond speculation at the moment, you shout, do it, that's your right, but remember this year is not a good year for the crypto market in a bull direction, in fact I speculate more towards a bear market, currently the global economy is deteriorating, many investors are on standby, few dare to take risks, remember that.

Well, there is really no final announcement that the market is already on a bullish state. But with a lot of speculations all over the market, and seeing bitcoin price continue to regain its bullish price, then it's not surprising that a lot of us here are now convinced that we are almost to bull run.

However, sometimes what seems too good to be true might end up seeing the reversal. We should always remember that the market is always unpredictable, instead of expecting a bullish market ahead, we will end up with a bearish one. My point is we shouldn't expect too much, but should still remain open minded that there are still chances that bitcoin will drop again its price and this time it could lead to a bearish market.

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Quote from: Bitwave01 on July 04, 2024, 11:58:38 AM

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

Withdraw as you like, the halving has passed, you have to repeat it in the next four years, for me ETF is just a joke, they don't really dare to do anything to Bitcoin, ETF news only makes matters worse, investors don't want to get into a mousetrap, they prefer to get out and wander.

There is no speculation that really says the market is bull at the moment, many speculations have been put forward but none of them can be relied on, that is a fact, the market is acting beyond speculation at the moment, you shout, do it, that's your right, but remember this year is not a good year for the crypto market in a bull direction, in fact I speculate more towards a bear market, currently the global economy is deteriorating, many investors are on standby, few dare to take risks, remember that.

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Quote from: Maslate on July 17, 2024, 09:59:26 PM

Quote from: C10H15N on July 04, 2024, 01:07:35 PM

"When in danger or in doubt, Run in circles, scream and shout." - Herman Wouk, The Caine Mutiny (1951).

Relax newbies (and consider buying the dip). This, too (unlike the Balrog), shall pass. 😉😎

Everything is temporary with bitcoin. If you are seeing your investment at loss these days, don’t worry it won’t be prolong and in due time, you will come to see your investment in profits. Just stay calm and patient, and never rush into selling your coins just because others are doing so. Instead, find more courage to continue with DCA while the opportunity to buy is still available.

For now, the current price of bitcoin has starting to go back to normal and we’ll see how will bitcoin move upward from this. It may only be a slight increase, but the important thing the price never gets stagnant below $60k.

Not just in BTC but everything in this world is only temporary but this isn't something that we should stress our selves out, rather we must take it easy and enjoy things while it lasts. That may sound strange or like an insult for someone whose portfolio are still currently down due to the dump market but what I mean is that we can buy more coins during it.

It is an expense but there are people who are excited for it and they feel great when this moment comes and when they get their hands on their new BTC. Stagnation on BTC is possible and in fact it already happened before. The one that I remember is when BTC is struggling to break $34k. The higher the price we get, the higher the new dip value will be.

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Quote from: Majestic-milf on July 18, 2024, 01:14:42 AM

Quote from: famososMuertos on July 04, 2024, 12:09:33 PM

Check the data on minimum prices this year, in all 6 months we have been below 60k or in that +50k range, even in January we were in the +40k range, so nothing happens, just stay in: "Stay calm" mode. : )

While I'd agree it's too early to start celebrating Bitcoin price, it's still won't be out of place to be a bit excited though. Like you said, the first six months are often rocky for it's price but we are in the seventh month so probably it will be something good? Coupled with the fact that the Trump wave is still on, we'd definitely see some upward moves.

Besides the Trump wave, if we rely on history, believe in the 4-year cycle and believe that it will repeat, we are very close to this year's bull season. Not to mention the fact that the Fed will lower interest rates in September is also an important factor to help the market grow...there are many factors for us to be optimistic at this time.
Frankly, those who can survive this far have no reason to be pessimistic at this point when we are only a few months away from the bulls.
Mt.gox is probably the biggest and final fear we need to overcome, and once that fear passes, I believe the bull market will come very fast and strong.

https://www.cnbc.com/2024/07/16/traders-see-the-odds-of-a-fed-rate-cut-by-september-at-100percent.html#:~:text=There%20are%20now%2093.3%25%20odds,to%20the%20CME%20FedWatch%20tool.

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Quote from: famososMuertos on July 04, 2024, 12:09:33 PM

Check the data on minimum prices this year, in all 6 months we have been below 60k or in that +50k range, even in January we were in the +40k range, so nothing happens, just stay in: "Stay calm" mode. : )

While I'd agree it's too early to start celebrating Bitcoin price, it's still won't be out of place to be a bit excited though. Like you said, the first six months are often rocky for it's price but we are in the seventh month so probably it will be something good? Coupled with the fact that the Trump wave is still on, we'd definitely see some upward moves.

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The bull will comes soon. You don't have to worry and you needs to have more patience for the coming. The price still fluctuating without we know where the price will wants to moves exactly. But we can still accumulate more and more Bitcoin especially if we still have more money to buy Bitcoin.

The price is ups and downs and after we see the price gets correction yesterday, now we see the price trying to increase although it is a small increases. We still have a chance to see the price will go up to the high price and maybe this month the price will gives some surprise to us. If you wants to take profit in the upcoming high price, you can prepare to sell your Bitcoin at the high price you wants.

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Quote from: Bitwave01 on July 04, 2024, 11:58:38 AM

Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

People seem to forget as well that after ETF the bottom price of bitcoin will most likely never gonna touch $30k again, because it's simply too low for the value of bitcoin with wider adoption and with all the ETFs existing right now.
so whatever FUD being dumped into the market right now, will not last long, since the demand for bitcoin has increased by significant margin compared to previous bullrun.

just right now about 2 week after this topic was created price already getting back to $65k and despite the news of mt gox distribution through kraken and so on is being published by daily basis through various outlets, it still has no effect whatsoever Grin

.

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Quote from: Maslate on July 17, 2024, 09:59:26 PM

For now, the current price of bitcoin has starting to go back to normal and we’ll see how will bitcoin move upward from this. It may only be a slight increase, but the important thing the price never gets stagnant below $60k.

Yes, this is what is truly reassuring in the market, despite the large amounts of sales that occurred by the German government, which led to some decline, but the price of Bitcoin returned and recovered quickly and began to rise. This makes investors in general reassured and gives great confidence to the market.

This also makes long term investors very comfortable that they will receive their big reward after a long wait.

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Quote from: C10H15N on July 04, 2024, 01:07:35 PM

"When in danger or in doubt, Run in circles, scream and shout." - Herman Wouk, The Caine Mutiny (1951).

Relax newbies (and consider buying the dip). This, too (unlike the Balrog), shall pass. 😉😎

Everything is temporary with bitcoin. If you are seeing your investment at loss these days, don’t worry it won’t be prolong and in due time, you will come to see your investment in profits. Just stay calm and patient, and never rush into selling your coins just because others are doing so. Instead, find more courage to continue with DCA while the opportunity to buy is still available.

For now, the current price of bitcoin has starting to go back to normal and we’ll see how will bitcoin move upward from this. It may only be a slight increase, but the important thing the price never gets stagnant below $60k.

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Quote from: JoyMarsha on July 07, 2024, 08:12:27 AM

Quote from: Bitwave01 on July 04, 2024, 11:58:38 AM

Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

No doubt about the bright days ahead of us regarding our bitcoin investment. But before the bright side ahead of us, I believe we would come across the dark side before that. Many people would let go of their bitcoin because they can't cope with the losses and those who believe in the future will end up seeing the brighter side of their bitcoin investment. There is no reason to complain about the downtrend market because it will not last forever, nor will the uptrend movement of bitcoin. Both happen at regular intervals, we can't predict the direction of the market

Now I think the dark side is almost over and we are most likely to see the brighter side of it. If this current trend will continue to show up in the market, I have no doubt that we will see a bull run within this year. But if asked if what could be the new ATH for this bull run cycle, I can't tell exactly but one thing is certain, we will end this year with exceptional profits as long as we can manage to hold our coins longer and not to fall for any price crash and suddenly sell our coins at a loss price.

JoyMarsha

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Quote from: Bitwave01 on July 04, 2024, 11:58:38 AM

Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

No doubt about the bright days ahead of us regarding our bitcoin investment. But before the bright side ahead of us, I believe we would come across the dark side before that. Many people would let go of their bitcoin because they can't cope with the losses and those who believe in the future will end up seeing the brighter side of their bitcoin investment. There is no reason to complain about the downtrend market because it will not last forever, nor will the uptrend movement of bitcoin. Both happen at regular intervals, we can't predict the direction of the market

justdimin

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Quote from: BitMaxz on July 04, 2024, 12:38:12 PM

I saw many new open long positions according to the Coinup app tool and from Coinglass and another thing is it looks like a bullish reversal pattern at 4hrs time frame we might see a reversal after a few hours I guess and see $60k level again.

I am not familiar with these apps which monitors the behaviours of traders still it is interesting to see the anticipation of upcoming pattern on bitcoin charts. Usually I do speculate about bitcoin market after such patterns appear but now apps are doing one more forward step on our speculations, really interesting thing. Basically I am not having any doubt on crossing again the $60k levels but now I started to hesitated on being confident about new ATH in 2024.

Quote from: passwordnow on July 04, 2024, 01:24:42 PM

Everyone has to chill and think of it that whenever there have been some huge drops, the counterpart of it is that you should brace yourselves and be prepared for the upcoming recovery anytime soon.

Yeah, every drop is just another entry point. For those DCA investors, these drops are the points which helps to achieve better average buying prices. Bitcoin market definitely will not stay stagnant for continuous 2 or more weeks hence we will see a clear direction before end of this month for sure.

CageMabok

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Quote from: Bitwave01 on July 04, 2024, 11:58:38 AM

Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

There are still bright days because it has been written in the saying that after darkness comes light, which means that after a period of falling prices like now there will be another normal increase in Bitcoin and we will all again see a good market from all sides. I also don't think that what is happening like now will continue for long so I still believe in the potential for another increase this year, although not to pass the highest price that has ever occurred this year before the halving approaches.

Zanab247

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Hope you check the current price in the market, before creating this trend op, because what is about to happen now is sound bear run and the price has started dumping to allow the wish of the people waiting for $50k to occur before they can buy and hodl for next bull run.

It will be good if you can show us your analysis that make you said that sounds of bull screaming op, because many hodlers are waiting to know if the bull run will still occur before the end of this year because they have experienced heavy bull run early this year. Don't allow the green candle light to make you feel or believe that bull run is about to flow in the market, because that is a sign of bear run that is about to flow in this season.

Helena Yu

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ETF hype is over.

Just because Bitcoin price is declining, it doesn't mean Bitcoin will pump in very soon.

There's no correlation between dump will make Bitcoin bullish because the past two halving events, Bitcoin price relatively keep rising till it break new ATH.

But, people who have stable coin or fiat should take advantage over this dump to accumulate more Bitcoin.

Kemarit

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Quote from: DeathAngel on July 05, 2024, 03:05:31 PM

Quote from: Bitwave01 on July 04, 2024, 11:58:38 AM

Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

I agree with you, the Fed will likely cut rates in September & that will coincide with the time that all the current selling & downward price pressure will subside. Q4 will be explosive & we will be laughing at all the paper hands who are getting shaken out now.

We will have to wait for that positive news, and for me, this is the biggest news that we all we have been waiting as usually it is a sign that the financial status of the US is improving hence it could give not just crypto but the rest of assets like Stocks and Gold a relieved and for sure there will be a huge impact.

Somewhat we have stay and support like holding at $56,000. So I'm not seeing it going down hard as it looks like the Mt. Gox negative news has been price in and so with that, we might go sideways again from $56,000-$60,000. And yes, bull run is imminent, we just have to wait for it to happen and maybe the last quarter of the year will be the biggest run in 2024.

Dr.Bitcoin_Strange

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I can't yet feel or hear the sound of the bull market screaming. For now, I think the market is cold, and it's going to be like that for some months before it becomes bullish again. Around January of this year, the Bitcoin price was low but started to become bullish until it reached $72k, and the price has stayed high for some months, maintaining a price not below $60k. We could start seeing just a bearish trend from now until November. If you continue to hold your bitcoin, you will definitely take advantage of the bull market. Now is the time to start accumulating again.

DeathAngel

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Quote from: Bitwave01 on July 04, 2024, 11:58:38 AM

Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

I agree with you, the Fed will likely cut rates in September & that will coincide with the time that all the current selling & downward price pressure will subside. Q4 will be explosive & we will be laughing at all the paper hands who are getting shaken out now.

darkangel11

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Quote from: taufik123 on July 05, 2024, 04:49:50 AM

This downward pressure also comes as Mt.Gox restarted payments in Bitcoin and Bitcoin Cash this July.
Mt.Gox moved 47,228 BTC, signaling the start of the payment process, which has caused market scare due to the potential for a huge sell-off.
https://www.coindesk.com/business/2024/07/05/mt-gox-begins-repayments-in-bitcoin-and-bitcoin-cash/

Could you guys stop repeating lies and spreading FUD? I'd expect more from a legendary member.
Check the date on the Mt Gox announcement. They clearly say the repayment will start on the 5th. Before that date we managed to fall from $70k to $60k. Gox hasn't even repaid a single customer and bitcoin was already down 10% and fell another 5% when the announcement came out. This is pure FUD and overreaction, while the real sell pressure comes from miners and the German government. These are real sources of dumps, while Gox coins are IMO barely do anything. They put the word out that food is coming and dogs have already begun fighting for scraps.

taufik123

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Quote from: nelson4lov on July 04, 2024, 04:07:56 PM

I like the sound of that. Personally, I do feel like the possibility of just going back down to $40k sub price levels is there but just don't think we we'll be heading there in this current market downturn. Probably in a full blown bear market. We will probably go as low at $52K but I think that's going to be it. Then we get a reversal back to 60k levels and just range there until the weeks leading to the US presidential elections come. That is one event that would act as a catalyst for Bitcoin's future price. I'm tempted to get in hereso I'll just start DCA into Bitcoin here of the dip continues.

and now the price is back down breaking the $55k Support to the $54k price, if this decline continues as you said it will reach $52k and could even touch $40k.

This downward pressure also comes as Mt.Gox restarted payments in Bitcoin and Bitcoin Cash this July.
Mt.Gox moved 47,228 BTC, signaling the start of the payment process, which has caused market scare due to the potential for a huge sell-off.
https://www.coindesk.com/business/2024/07/05/mt-gox-begins-repayments-in-bitcoin-and-bitcoin-cash/

Now we just need to monitor and to what extent this decline occurs.
If you still have money in reserve, this is a golden opportunity to start buying back.

X-ray

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Certainly a good time for DCA if i'm being honest, though I will wait until it dips a little more but I bet the people that looking for an entry price back then when bitcoin was still $60k are nowhere to be seen.
truth is, the market movement always caught people off guard, at the time of the market looking very bullish it could just go down so sharp and same thing could happen with opposite scenario.

overall market isn't looking good and there are so many people bearish but I think really after the mtgox and ftx are done with their dumps in the future, maybe that is truly the time where an entry will be bountiful harvests.
but i'm not having the same vision with the alts though Grin

. as far as I know, so many big venture capitals that bought those alts especially layer2 at really low price is ready to dump.
so only stick with BTC and ETH at most.

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In the bitcoin market, the best way to survive is to hope for the best to come out of the market any day and also prepare for the worst to happen anytime.

Institutional investors are already running into losses. As I read in the news earlier today, a draft of the Bitcoin ETF is losing about $544 million in just 6 days due to the recent price drop on Bitcoin.

Many investors who stock their portfolios with Bitcoin through the ETF were not expecting this. There is no certainty that we might not see more dip than this in the coming days, but whatever the case, maybe we will definitely see Bitcoin go back to $60k and above before the end of July.

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Quote from: Bitwave01 on July 04, 2024, 11:58:38 AM

Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

Your words gives hope to holders and I am very convinced that a bigger opportunity is on the way that would make the price of Bitcoin to go to the previous high an continue the bull run. There are so many news that are flowing in and out making the price of Bitcoin to range. I am suspecting the momentum is going down for a bigger movement in the market. This might take some months before the price of Bitcoin would fully take the move to continue the bull which is what so many holders have been anticipating for. I am still doing my push up waiting for the price of Bitcoin to hit 100k.

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Quote from: taufik123 on July 04, 2024, 03:59:43 PM

~Snipped

Bearish support is the lowest between the $55k-$52k price, but a reversal is imminent.

I like the sound of that. Personally, I do feel like the possibility of just going back down to $40k sub price levels is there but just don't think we we'll be heading there in this current market downturn. Probably in a full blown bear market. We will probably go as low at $52K but I think that's going to be it. Then we get a reversal back to 60k levels and just range there until the weeks leading to the US presidential elections come. That is one event that would act as a catalyst for Bitcoin's future price. I'm tempted to get in hereso I'll just start DCA into Bitcoin here of the dip continues.

taufik123

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Quote from: BitMaxz on July 04, 2024, 12:38:12 PM

-snip-
For now, we see less demand for now but I saw many new open long positions according to the Coinup app tool and from Coinglass and another thing is it looks like a bullish reversal pattern at 4hrs time frame we might see a reversal after a few hours I guess and see $60k level again.

More open buy positions will be an opportunity to start re-entering.
As you said on this 4H Time Frame there is a reversal that leads to the bulls to reach the $60k price area again.

Just need to go through the Resistance Downtrend of the Console and then reach the trend Flip point in the $59k-$60k price area.
That will determine whether Bitcoin is able to break through it or not.

Bearish support is the lowest between the $55k-$52k price, but a reversal is imminent.

Ndabagi01

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This dip came as a surprise to many because no one thought we will go this low again this year until the bull run season begins. The market it full of uncertainty and this is amongst what makes the market unpredictable to know. I just know that this sell will be over and when the bull comes, it will spare no one and will move and break boundaries that no one will expect within a short time. Keep bagging the bags, so that you don’t feel left out when it begins to make those moves in the uptrend trajectory.

DiMarxist

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It has been long we have seen this low but we all know that bitcoin is not stable in one place and it volatile in movement so it is not new to me and I also know that this can happen at any time. So as investors we have to prepare ourselves for this at anytime. We buy more when the price goes down and make our profits when the price is going up.
The time to purchase more is the time when the price is going down. Good Investors are not afraid of the market because it is always on their favour.

coolcoinz

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That's the truth. People get used to prices after seeing them for a month or so. They imprint the level in their brains and think the next day they'll wake up and see the same exact thing or +/-5%.

In reality bitcoin goes up and down every month, just that we tend to ignore big moves up because we feel like it should be happening, like we're some born winners who have to see gains every time. When bitcoin moves the other way we panic because how could it be like that? I was supposed to have a good day today and now it's in the red? WTF?

Facts people!

In February bitcoin experienced 2 large (over 20%) moves up.
In March there was a large move down with a bounce back to a new high.
April was red with some big moves down.
May was again green with a bounce back.
June was red and so far July is also the same.

Do you see a pattern? 2 months up, one month down, one month up, one month down.
There's no continuous green, no constant uptrend - there never was!

There will again be a green month. Maybe July, Maybe August, and then again there will be a red month after that.
You either try to predict it and trade the swings, or like me you ignore the noise and do your thing.

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Quote from: famososMuertos on July 04, 2024, 12:09:33 PM

Check the data on minimum prices this year, in all 6 months we have been below 60k or in that +50k range, even in January we were in the +40k range, so nothing happens, just stay in: "Stay calm" mode. : )

Many won't realize that because they're only looking at the ranges and moves for most of the recent days. But it's true that since the start of this year, we're still up by more than 30%. That's still fine if you'd ask me as a gain but it's quite sad to see that the drop continues until it's no longer. Everyone has to chill and think of it that whenever there have been some huge drops, the counterpart of it is that you should brace yourselves and be prepared for the upcoming recovery anytime soon. It may not be asap as everyone want it to be but it'd definitely gonna recover.

C10H15N

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"When in danger or in doubt, Run in circles, scream and shout." - Herman Wouk, The Caine Mutiny (1951).

Relax newbies (and consider buying the dip). This, too (unlike the Balrog), shall pass. 😉😎

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Quote from: famososMuertos on July 04, 2024, 12:09:33 PM

Check the data on minimum prices this year, in all 6 months we have been below 60k or in that +50k range, even in January we were in the +40k range, so nothing happens, just stay in: "Stay calm" mode. : )

2 weeks of bearish and it touches to cheap price of around $57k I don't think we will see lower than this range it still respects the symmetrical flag so bullish is coming for this week that is just my prediction or if tomorrow the price didn't reach $60k again then we might see the retest at $56k if it's breaout we might see a big crash at that level but if it fail we should see $60k above very soon.

For now, we see less demand for now but I saw many new open long positions according to the Coinup app tool and from Coinglass and another thing is it looks like a bullish reversal pattern at 4hrs time frame we might see a reversal after a few hours I guess and see $60k level again.

famososMuertos

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Check the data on minimum prices this year, in all 6 months we have been below 60k or in that +50k range, even in January we were in the +40k range, so nothing happens, just stay in: "Stay calm" mode. : )

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Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.

Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.

Topic: Sounds of bulls screaming (Read 628 times)