The Bitcoin market is back on track - page 4.

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Quote from: Dave1 on June 03, 2023, 07:52:43 PM

-snip-
The highest price that we have peaked so far is around $31k this year, not that high and not that low either. And at least the bottom for this bear cycle has been doubled already. So maybe we could be looking at still around $50k at the end of the year in the upside. At least for me this is doable as usually at the end of the year we might see a good run in the price.

At the end of the year, $50k may be coming and on condition that Bitcoin is still able to hold the price above $20k.
When Bitcoin has been able to penetrate the highest price in recent months above $ 30k, that is good enough.
The strongest support is still in the $19k area and hopefully, it doesn't touch that price.

The end of the year and towards 2024 which is the year that the 4th Halving will occur, will hopefully have a positive impact on Bitcoin and enter into a bullish mode. We all know that every time before a Halving the price will get better and maybe reach a new ATH.

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Quote from: Mr.corol on May 02, 2023, 04:35:16 AM

Quote from: Patrol69 on April 26, 2023, 08:52:14 AM

2023-04-14 14:00,
Bitcoin touched its all-time high of $31K which is the 2023 market high. When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.
Thinking like this, suddenly the market was running down gradually. At other times, the market usually goes down very slowly, but during this period, the market started to go down very quickly and gradually, on 23-04-24 at 22:00, the price of Bitcoin reached $26,942.

After reaching $26,942, the Bitcoin market started to turn positive again. And by today very quickly the Bitcoin market reached $30,036.

Basically I do not understand the reason for so much volatility in the market. Is this volatility a good sign of the market or a bad sign of the market?

Bitcoin is a digital currency, its price always fluctuates. But we see this year the prices suddenly fell, then suddenly started to rise again. No one can tell when the price of Bitcoin will go up or down. But the price of Bitcoin is expected to go up a lot soon. According to many researchers, we will see a bull market very soon.

yes i also think the price of bitcoin may go up by the end of this year. but i can see the price of bitcoin is going up and down for several days. now the market price of bitcoin is 27000$. i don't understand the price of bitcoin above 30000$ Why not. Always almost in the same position. I have invested some money in bitcoin for which I am waiting for bitcoin price to increase now.

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Quote from: Silberman on June 03, 2023, 05:57:17 PM

Quote from: Joshapat on June 03, 2023, 01:42:49 AM

We can't say that the current Bitcoin price is on the right track, sometimes the price drops significantly and yesterday is almost under $ 26K, although the market can sometimes rise again but in my opinion the opportunity to drop is still easy to occur, This is what makes us must always be vigilant and often monitor market conditions .

Right now the price is ranging, however there is no way the current market conditions will last forever, at some point the price will have to take a direction and taking into account the historical records of bitcoin then most likely the direction will be downwards, now while this may sound like a bad thing this is only true for those that care about the short term performance of bitcoin, because for those that are thinking long term this will be the perfect chance to buy bitcoin for a low price.

It's called a breakout run, hopefully since we have been trading sideways for more than 8 weeks if I'm not mistaken, ranging from $26k-$30k, at least we should have a movement in the upside.

The highest price that we have peaked so far is around $31k this year, not that high and not that low either. And at least the bottom for this bear cycle has been doubled already. So maybe we could be looking at still around $50k at the end of the year in the upside. At least for me this is doable as usually at the end of the year we might see a good run in the price.

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Quote from: Joshapat on June 03, 2023, 01:42:49 AM

We can't say that the current Bitcoin price is on the right track, sometimes the price drops significantly and yesterday is almost under $ 26K, although the market can sometimes rise again but in my opinion the opportunity to drop is still easy to occur, This is what makes us must always be vigilant and often monitor market conditions .

Right now the price is ranging, however there is no way the current market conditions will last forever, at some point the price will have to take a direction and taking into account the historical records of bitcoin then most likely the direction will be downwards, now while this may sound like a bad thing this is only true for those that care about the short term performance of bitcoin, because for those that are thinking long term this will be the perfect chance to buy bitcoin for a low price.

Joshapat

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We can't say that the current Bitcoin price is on the right track, sometimes the price drops significantly and yesterday is almost under $ 26K, although the market can sometimes rise again but in my opinion the opportunity to drop is still easy to occur, This is what makes us must always be vigilant and often monitor market conditions .

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Quote from: globalpain on June 02, 2023, 11:00:57 AM

Quote from: imamusma on June 01, 2023, 02:54:41 PM

Quote from: Uruhara on June 01, 2023, 01:40:42 PM

Although we cannot know for sure where the market will move, especially the next bitcoin price. But I hope so too. Sometimes a correction is needed to muster more strength to enter an upgrade to a higher level in the next bull run. But today's altcoin market is becoming more erratic. the volatility sometimes on some assets is always the opposite of Bitcoin. although the majority follow bitcoin.

Correction is needed for bitcoin to find new support to grow stronger. Price volatility is to be expected as traders and investors have the opportunity to buy low and sell high and adjust their strategy accordingly. Bitcoin is difficult to predict because many factors make its price trend change in an instant, therefore every trader and investor must be careful and consider the risks before trading and investing.

Corrections are very important for a healthy market cycle, because since mass adoption began in cryptocurrencies,
the state of the crypto currency market is really better than 2017-2018 where now corrections are still on a normal path,
different from 2017-2018 the correction in that year was said not to be a correction but as a bubble.

Do you know that many people people keep their hope on increment of bitcoin to come on 2024, but such a thing doesn't happen that way because bitcoin increase due the market demand, bitcoin doesn't on it own increase but it can only increases due the demanding rate, sometimes while bitcoin market go low is when nobody demand higher than the suppliers, so I believe that in bitcoin movement.

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Quote from: imamusma on June 01, 2023, 02:54:41 PM

Quote from: Uruhara on June 01, 2023, 01:40:42 PM

Although we cannot know for sure where the market will move, especially the next bitcoin price. But I hope so too. Sometimes a correction is needed to muster more strength to enter an upgrade to a higher level in the next bull run. But today's altcoin market is becoming more erratic. the volatility sometimes on some assets is always the opposite of Bitcoin. although the majority follow bitcoin.

Correction is needed for bitcoin to find new support to grow stronger. Price volatility is to be expected as traders and investors have the opportunity to buy low and sell high and adjust their strategy accordingly. Bitcoin is difficult to predict because many factors make its price trend change in an instant, therefore every trader and investor must be careful and consider the risks before trading and investing.

Corrections are very important for a healthy market cycle, because since mass adoption began in cryptocurrencies,
the state of the crypto currency market is really better than 2017-2018 where now corrections are still on a normal path,
different from 2017-2018 the correction in that year was said not to be a correction but as a bubble.

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Quote from: Uruhara on June 01, 2023, 03:02:29 PM

Quote from: imamusma on June 01, 2023, 02:54:41 PM

Correction is needed for bitcoin to find new support to grow stronger. Price volatility is to be expected as traders and investors have the opportunity to buy low and sell high and adjust their strategy accordingly. Bitcoin is difficult to predict because many factors make its price trend change in an instant, therefore every trader and investor must be careful and consider the risks before trading and investing.

So true. But for long-term investors, actually by looking at a larger timeframe, the current price can still be said to be a price that is still in the accumulation area. So we don't worry too much about the small movements seen through the larger timeframes. But for day traders, maybe those who always see more movement from smaller timeframes, of course, paying attention to the slightest movement will be very important to do. They can even take advantage of volatility to make short-term trades.

Just like you said, long term investors are very likely to ignore short term price volatility and choose to focus more on much longer time frames while accumulating bitcoin. This is an investment strategy that should work when investors expect returns in the long term, but of course day traders can also take advantage of current market conditions to make some profits.

In the end, all of us have our own way of adjusting investment strategies and plans. I tend to expect returns over the long term rather than for shorter time frames, so it only makes sense for me to accumulate bitcoin and continue to do so consistently for as long as I have budget.

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Quote from: imamusma on June 01, 2023, 02:54:41 PM

Quote from: Uruhara on June 01, 2023, 01:40:42 PM

Although we cannot know for sure where the market will move, especially the next bitcoin price. But I hope so too. Sometimes a correction is needed to muster more strength to enter an upgrade to a higher level in the next bull run. But today's altcoin market is becoming more erratic. the volatility sometimes on some assets is always the opposite of Bitcoin. although the majority follow bitcoin.

Correction is needed for bitcoin to find new support to grow stronger. Price volatility is to be expected as traders and investors have the opportunity to buy low and sell high and adjust their strategy accordingly. Bitcoin is difficult to predict because many factors make its price trend change in an instant, therefore every trader and investor must be careful and consider the risks before trading and investing.

So true. But for long-term investors, actually by looking at a larger timeframe, the current price can still be said to be a price that is still in the accumulation area. So we don't worry too much about the small movements seen through the larger timeframes. But for day traders, maybe those who always see more movement from smaller timeframes, of course, paying attention to the slightest movement will be very important to do. They can even take advantage of volatility to make short-term trades.

imamusma

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Quote from: Uruhara on June 01, 2023, 01:40:42 PM

Although we cannot know for sure where the market will move, especially the next bitcoin price. But I hope so too. Sometimes a correction is needed to muster more strength to enter an upgrade to a higher level in the next bull run. But today's altcoin market is becoming more erratic. the volatility sometimes on some assets is always the opposite of Bitcoin. although the majority follow bitcoin.

Correction is needed for bitcoin to find new support to grow stronger. Price volatility is to be expected as traders and investors have the opportunity to buy low and sell high and adjust their strategy accordingly. Bitcoin is difficult to predict because many factors make its price trend change in an instant, therefore every trader and investor must be careful and consider the risks before trading and investing.

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Quote from: asrinur on May 29, 2023, 11:30:30 AM

Lately the bitcoin market has returned to a positive path where the bitcoin price had reached $30k although it didn't last long and dropped to the $26k-$27k area. I see the current performance of the crypto market in good signs despite a slight correction, but bitcoin has the potential to reach a price of $40k this year.

Although we cannot know for sure where the market will move, especially the next bitcoin price. But I hope so too. Sometimes a correction is needed to muster more strength to enter an upgrade to a higher level in the next bull run. But today's altcoin market is becoming more erratic. the volatility sometimes on some assets is always the opposite of Bitcoin. although the majority follow bitcoin.

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Quote from: Patrol69 on April 26, 2023, 08:52:14 AM

Basically I do not understand the reason for so much volatility in the market. Is this volatility a good sign of the market or a bad sign of the market?

Everything happens for a reason and if the market is volatile so it means that this volatility will be beneficial in both cases like that are dip will be better choice for buyer and pump will be better for seller so every situation has its own benefits and own reasons we cannot say that the thing which happen is wrong.

The current price is more than 26k$ so may be its beneficial for those who don't have buy bitcoin now and want to buy it and perhaps someone have bought it in lower price and current price is maximum for giving him higher return.

There will be more increase in bitcoin price and no one should loss their hopes when the price reduces because price never remains in one state.

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Lately the bitcoin market has returned to a positive path where the bitcoin price had reached $30k although it didn't last long and dropped to the $26k-$27k area. I see the current performance of the crypto market in good signs despite a slight correction, but bitcoin has the potential to reach a price of $40k this year.

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Quote from: Litzki1990 on April 26, 2023, 09:54:22 AM

The price of Bitcoin is completely dependent on the market. But I think more volatility in the market is not good. I have seen several times with Bitcoin that when the value of a coin increases very quickly, the value of the coin decreases very quickly after a few days. No matter what we say about the market, we have no choice but to wait until the end

Yes, as we have no influence over the cryptocurrency market's volatility, our only alternative is to wait until the very end. We can only keep accumulating more and investing in bitcoin in the hopes that it will have a good future for all of us. Price volatility is the process that will lead to the bright future we seek. So, rather than being bad, volatility can actually be advantageous for both those looking to acquire more bitcoin and those looking to sell it.

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Unfortunately today the market is red again and is already at the $26k level, it looks like investors can't wait for price movements so they prefer to sell, especially since there are many FUDs who say that prices still have the chance to fall again in May.

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The thing that makes us happy about the condition of bitcoin is that the price can always come back, even though many are disappointed that the price falls below $30k again but this won't make us panic so the best thing when prices are cheap is to keep buying.

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Quote from: Lantind on May 07, 2023, 12:24:54 PM

Quote from: Wong Gendheng on May 06, 2023, 03:04:18 AM

The most important thing right now is that the price is not dropped below $ 20k, and as long as we can be patient, the price will soar again, if many are impatient to see the price skyrocketing again then it's better to be quiet and think if the price skyrocketed then get profit? When the price is low like today, the best thing is to continue buying.

price will always be speculated and always give at least a little push whether it will decrease or increase, in terms of looking at the market and the current price we don't think there is any indication that gives accurate information that price will be able to spike that high or crash below $20k, price it's still in the $28k-$29k band, and actually we still expect the market to exist

In fact, the crypto market is very volatile, so it becomes difficult to predict the price. But when will Bitcoin reach these prices? With this BTC price prediction investors can't say how high bitcoin will be and what the price of bitcoin will be in 10 years, just wait and see. But the cryptocurrency market is expected to bounce back after a rough patch this year cryptocurrencies are making a comeback of sorts.

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Unfortunately today the price dropped again, the price is around $ 27600, with the current price conditions it certainly makes us worried because the market looks difficult to touch $ 30k again after last March, if May is still below $ 30k then many are pessimistic that this year the market will recover.

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Quote from: Wong Gendheng on May 06, 2023, 03:04:18 AM

The most important thing right now is that the price is not dropped below $ 20k, and as long as we can be patient, the price will soar again, if many are impatient to see the price skyrocketing again then it's better to be quiet and think if the price skyrocketed then get profit? When the price is low like today, the best thing is to continue buying.

Well, not everyone can keep buying since most people have limited budgets that they've most probably already spent on buying last time when the price went down, but those who can, definitely should keep doing DCA and for others who have already bought and are holding, all they need is to be patient and have some belief.

The price is not below $20k, and even if it goes there, there is no need to panic. We have seen it happen a lot of times in the past and we have also seen it recovering back from that in not so long. So all it needs from the community is belief.

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Quote from: Wong Gendheng on May 06, 2023, 03:04:18 AM

The most important thing right now is that the price is not dropped below $ 20k, and as long as we can be patient, the price will soar again, if many are impatient to see the price skyrocketing again then it's better to be quiet and think if the price skyrocketed then get profit? When the price is low like today, the best thing is to continue buying.

price will always be speculated and always give at least a little push whether it will decrease or increase, in terms of looking at the market and the current price we don't think there is any indication that gives accurate information that price will be able to spike that high or crash below $20k, price it's still in the $28k-$29k band, and actually we still expect the market to exist

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