Topic: The Bitcoin market is back on track - page 6. (Read 1069 times)
Bitcoin market price has session, which we called Bull run and Bear market, while volatility can also make Bitcoin price look as the bull run want to start, but never the less, this is the right time to filled up your bag's with Bitcoin, because is a good entry point and no body can give exactly the day the bull run well start.
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?
The crypto market is volatile already. The buying and selling in the crypto market brought about the volatility you see in the price of bitcoin. Some investors who are newbies as you would think that volatility is not good for bitcoin to be fluctuating up and down in price within a short interval. But to others who have understood the volatility of crypto would tell you that, volatility can be seen as an opportunity to acquire more bitcoin to one's portfolio. 
Not yet, Bitcoin price have not rose significantly for approximately 3 weeks. And probably this volatility will continue in the near future, it is really difficult to predict the upcoming bull run. If fact, It would be better if you keep your eye on market and use your strategies intelligently once a sudden event occurs.
In fact, it is a wonderful occasion for investors and traders to purchase Bitcoin at this time. In conclusion, the more you HODL a large quantity of BTC, the bigger the reward but in middle and long term. If you are impatient and into short term investment, you won’t sadly gain a huge profit.
In fact, it is a wonderful occasion for investors and traders to purchase Bitcoin at this time. In conclusion, the more you HODL a large quantity of BTC, the bigger the reward but in middle and long term. If you are impatient and into short term investment, you won’t sadly gain a huge profit.
The volatility in the market is what has made Bitcoin become so interesting and fun for traders and investors, though it comes with its own risk too, but one can figure out the opportunity that occurs during those times when we experience sharp movement or spikes in the price of Bitcoin which could be as a result of high impact news such as interest rate data release by the FED or CPI data and take advantage of this price volatility. if you are a holder and have your target, keep calm as Bitcoin will gradually do what is expected of it base on its historical data.
Aside from that, the reason why the price reached $30k drastically after touching $26k was because of so much demand in that area.
As banks seem to have stabilized as well, maybe it's time to crypto as a whole get back on track too. It probably will, plus still confident in the 100k by eoy.
Bitcoin will not rise straight up to 50k. We will see many up and down before Btc reaching high level. One days ago (30 Apr) Bitcoin price again down to 28k. now its looking weak and we can again see some further correction to 26k and then it will be time for whale to push big than previous and 35k might he target in this pump.
A straight rise to 50k would be kinda impossible given the current market conditions. It's currently undergoing a price correction, and it's probable that it will remain in the range of 25k to 35k for some time, possibly two to three months. However, I believe it could reach another level by the end of this year, possibly around the range of 40k to 50k. There is not specific reason for btc to pump or dump because btc is totally decentralized and its price depend upon supply and demand law. The higher the demand, more buyer will enter and price will increase. Demand increases with the big adopting news, Btc Halving, Failure of traditional bank and many other. High volatility of Btc is often did not considered good sign for Market because this increase in price is because of News(failure of bank) but we can see sudden drop in price also.
Indeed, anything can happen in the market and news events can also have an impact on the price of Bitcoin. However, the supply and demand dynamics remain the primary factor affecting the price, as you mentioned earlier. I think as the Bitcoin community continues to grow with more people investing and adopting it, the outlook for Bitcoin's future remains positive, so there's no reason to fear for it's future. In bitcoin we trust:)
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?
I would say don't create a macro outlook for the coming week or months using intraday analysis. It won't make sense. First is the data, you don't have enough data to say where the price is likely to go the next quarter by using the 4-Hour chart. That's useless. You're stressing out the irrelevant information.
If you are going to create an analysis for the coming months or probably for the next high, instead use Higher time frame starting from daily and higher. Correlate it with Intermarket analysis, news, interest rates, bitcoin halving.
Bitcoin is highly volatile enough to make our funds difficult to preserve. Until you know what you're doing is right, then you are good to go. Invest only what you are prepared to lose.
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.
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?
If you are talking about the price of Bitcoin at the end of 2023, there is really a slim chance for Bitcoin to break $100k but if we are talking about the years to come, it is not impossible. Many predicts that Bitcoin will break its all time high on 2025, and even speculate that it will go beyond $100k according to their analysis of Bitcoin price cycle and uptrend.
For people claiming that it would break at $100k price on this year maybe they need to consider first on how could bitcoin get demand on its current situation where many are still afraid about the bull trap might possible to happen. To many things need to consider so maybe it might happen when bull run came since most of the time we can see a great insights about possibly price to occur on that moment.
After reaching $26,942, the Bitcoin market started to turn positive again. And by today very quickly the Bitcoin market reached $30,036.
Bitcoin will not rise straight up to 50k. We will see many up and down before Btc reaching high level. One days ago (30 Apr) Bitcoin price again down to 28k. now its looking weak and we can again see some further correction to 26k and then it will be time for whale to push big than previous and 35k might he target in this pump.
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?
There is not specific reason for btc to pump or dump because btc is totally decentralized and its price depend upon supply and demand law. The higher the demand, more buyer will enter and price will increase. Demand increases with the big adopting news, Btc Halving, Failure of traditional bank and many other. High volatility of Btc is often did not considered good sign for Market because this increase in price is because of News(failure of bank) but we can see sudden drop in price also.
It's hard to say whether market volatility is good or bad since it's subjective. Some traders see volatility as an opportunity, while others see it as a risk. What matters is having a strategy that suits your risk tolerance and investment goals.
Price increase or decrease of the coin mainly depends on the users. If we do more buy orders for the coin then sell orders, then the price increases. If we place more sell orders then buy orders, then the price of the coin decreases. Basically in other words the quantity of coins is fixed, so if the demand to acquire the coin increases, then the price goes up, else the reverse happens when the demand for the coin decreases. This is the main reason which affects the price. Moreover there are also some whales who manipulate the markets, so you need to be careful from them.
Yeah, we already know that. This is just the basics of how it works. tbh, I don't really care about daily price fluctuations, I'm just glad I managed to buy a lot if it below $20k, now I'm just DCAing, stacking sats in OWNR, and waiting for the bull run.
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?
The market volatility that played out this past days is psychologically related. What I mean by this is that, just like the bitcoin price drop down to $26,942 on 23-04-2023 and later pulled up to $30,036 within a few time. This action action by the market price must have triggered some fears in the minds of many trading during the price fall, especially for those that might have bought when bitcoin price was $19k - $20k around March, and seeing price going down again after some few rising, out of fear some might have been forced to close their trade within the little profit position to take a little profit.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?
And that's exactly what the market wanted. The volatility is just a test of the strength of the market psychology of many traders. A technical way to make more profit in such situation is to DCA, and that was exact action I took immediately I observed a double bottom chart forming, because the volatility from my observation is a positive sign on the market price.
Price increase or decrease of the coin mainly depends on the users. If we do more buy orders for the coin then sell orders, then the price increases. If we place more sell orders then buy orders, then the price of the coin decreases. Basically in other words the quantity of coins is fixed, so if the demand to acquire the coin increases, then the price goes up, else the reverse happens when the demand for the coin decreases. This is the main reason which affects the price. Moreover there are also some whales who manipulate the markets, so you need to be careful from them.
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.
Bitcoin touched its all-time high of $31K which is the 2023 market high.
Nah, ATH remains $68k+ for now until a price higher than it takes over. What we had in April was a maximum or high of $31k, not an all time high.Quote
When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.
It's certain that price will go pass that $100k mark this coming bull rally as a fresh ATH is expected. I look forward to that in 2024/25 but if that happens in 2023, it simply means that Bitcoin will hit >$200k after halving in 2024 then. 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.
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?
If you are talking about the price of Bitcoin at the end of 2023, there is really a slim chance for Bitcoin to break $100k but if we are talking about the years to come, it is not impossible. Many predicts that Bitcoin will break its all time high on 2025, and even speculate that it will go beyond $100k according to their analysis of Bitcoin price cycle and uptrend.
Bitcoin won't reach $100k as easily as we think. Here we have to see a lot of volatility in the market for Bitcoin to reach $100k. Maybe by 2023 Bitcoin can take position between $40k to $50k dollars. But such market volatility can be good or bad. But we do not accept that this instability will lead to good. But we have to remember that we have to move forward with this instability of the market.
Bitcoin market is highly volatile so it is obvious that we will often see price fluctuation ahead. Aside from that this fluctuation is what the traders wanted so that they can take advantage the up and down of the market, taking profit on the volatility of the market. This Bitcoin market volatility is not new and traders and investors had already cope with this characteristic of Bitcoin market.
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?
This is a bullish sign, and there should be no room for a negative market feeling. Previously, when bitcoin was less than $25K, when the price increased to a certain point, it would then pause and wait for another correction before increasing again, finally beating the previous price it reached before the correction. This has been going on for a while, so it's not a new trend, and it's also a good indicator. In the coming days, if the uptrend would continue we might witness a break through to $33K or higher.
Market volatility is not about good or bad market. it's just that it is indeed a cycle that occurs in the market. and every time there is a rapid decline and rapid increase there is always a reason that makes sense fundamentally. and if we are able to analyze fundamentally then in fact we can predict which way the market will continue. news strength and economic conditions have an effect on market volatility. Market sentiment is also the same in this case, which affects market volatility. and the increase that just happened also has something to do with what happened to one of the banks that seemed to be going bankrupt. I forgot the name of the bank. but after I read the news somehow the price of bitcoin actually increased rapidly. or maybe there is another news that I missed. but the point is there is always a reason and basis for every increase and decrease in the market.
Not to hasty. A correction again occured upon its value reached $30k. We should all know that if there is a drastic increase on the market value, there would also be an overbought to a certain price point which should be a warning that its price could fall anytime. It will only be for long term if the price is slowly but consistently increasing. Simply, these concepts are part of its market volatility. On my end, I do still think that the uptrend will be starting next year still because of Bitcoin halving which is a more valid and stronger reason to sustain an increase unlike with nowadays wherein market manipulation is more of the reason to why the market price increases and decreases in an instant.
It was anticipated that the Bitcoin chart would turn upwards, however when the market corrected during the emergence of an upward movement, Bitcoin wants to revert to its previous position. When the supply starts to decline, a higher demand zone would seal an equivalent supply. We don't need to be overly confident because Bitcoin causes a lot of market volatility in the area, which negatively impacts Ethereum and other projects in general. Smaller period Bitcoin charts showed too much noise, which is unacceptable because it prevents us from segmenting our findings into a more substantial format. Jump to: