Topic: The future of Bitcoin: Bullish or Bearish - page 2. (Read 651 times)

Using technicals and pure price action, a top down analysis should be done before you can conclude or consider that the bitcoin will go bullish or bearish. Top down analysis are done starting from a higher time frame which are monthly, weekly and daily. They are mostly the TF used to predict the market future either it will go bullish or bearish.

From the monthly TF, the market has formed a double top and when it's formed, the market is expect to go bearish which it does and presently, it has found a support at 16000 and it retraces and going bullish forming higher highs and higher lows.

From weekly TF, the market has broken the weekly low 30000 (psychological level), which has been retested again but tends to be ranging and no clear direction yet. Patience and calmness is needed since the market has retested the support broken which tends to be resistance now, I believe the resistance will be taken out only if we are patient enough.

Immediately the weekly low is taken out, we wait for a retest to ascertain that the support will hold before going for a long. I have a positive believe that the Market will form a triple top at the range of 63000-69000.

The market will go bullish as time goes on. Mind you, there are fundamental news that might affect the movement of the Market but they are just temporary. Again, the markets oscillate and it's constant because they move in waves and they will always react when they are close to any psychological levels.

In this type of market, traders tends to benefit more because whether the market is bullish or bearish they still get the best out of it by trading the market but to hold then you have to have patience.

The above write ups are my speculation about bitcoin in the nearest future to come.

This is definitely cool argument to start discussion with. We all feel scarcity will always carry Bitcoin to higher levels. But when its unstable demand and supply stop fighting each other. In general most people wanna make money through Bitcoin trading, very quickly. For it they wanna see weekly price moves up (at least around %6-7). Sadly this is not very common anymore. So markets lost its Capitulation a bit. So Bitcoin is definitely very speculative...

If you talk about Bitcoin speculation on issues (Bullish or Bearish), of course these two things come back to you, We have seen several countries fighting wars linked to Bitcoin, but still Bitcoin is growing rapidly and the crypto market is being hunted by many people.

I believe Bitcoin will remain in a bullish position in the future, I don't look at the negative side of what is happening now, my speculation is that crypto market conditions will improve in the future, we will see positive things that will happen for various reasons, I am pretty sure we will see a Bullish market in the near future.

That means there is nothing to worry about and that's how Bitcoin runs on the market, the level of rationality depends on the opportunities you get. Although Bitcoin is one of the best investments if not invested properly bitcoin will not provide a level of rationality for themselves for us.

There is nothing to worry about Bitcoin in the long run because Bitcoin has shown a fundamental level that is not possessed by other coins. We have also seen how Bitcoin can have an impact to reach the stage of financial freedom if invested correctly. Not being panicked you will get if you have gained knowledge about investment correctly because if you make a mistake then you will get unnecessary losses.

It is important to make wise decisions when you want to be involved in investment and most importantly can be responsible for the decisions taken. Risks can never be separated in investment in Bitcoin, but we can minimize these risks if you have correct knowledge about investment.

Forecasters will answer this is beyond my thoughts on the future of bitcoin. Lol
The most common thing we know about bullish trends is after halving because this has happened several times with previous cycles, so if you are asked when is bullish? I answer after the halving.

Prolonged bearish is after a long bullish time then bearish symptoms will come this cycle is common with my words above, so we must know it is difficult to guess, as for predictions that are slightly relevant is what I stated above.

I see that because with the previous, there will be some market behavior from the usual, maybe this happens because of other things or factors that affect it.

Bitcoins are limited in numbers. There is fixed supply of Bitcoins. These both lines can prove why there will be always bullish and bearish market for the coins. Everything is about Demand and Supply. When the demand to accumulate the coin increases, the supply becomes less due to fix number and hear we see a bullish season. Now the reverse happen for bearish season. So yes the investments that we will make needed to be done with full caution.

Even if a fortune teller is questioned on what will be the future of bitcoin, he'll say it came be both bullish and bearish. Everyone knows well about bitcoin and how the market is moving around. It is really tough to decide when the market is taking a change. The changes could happen in a drastic way and in an unexpected manner. When the price is predicted to be bullish, it could move downward on the bearish trend. It is always good to keep ourselves prepared for the worst market situation. This will help us maintain the portfolio in a better way unlike the bullish/bearish trend of the market.

Of course, we are still in the bearish season. But theoretically, it is almost the end of the bearish season. When we are nearing the BTC halving, it is the sign for the beginning of bullish season. However, it is just a theory, the market trend sometimes goes unexpectedly. The nature of crypto market will be always unpredictable.

Anyway, we already experienced the sideways for some months. Even this month, the sideways continues, the price still move slowly.

Do you mean $30k is the barrier of the next bullish period?
Even Bitcoin price passes $30k, I'm not sure if we won't have another dump. For me, the real barrier is the negative news of SEC, people are worried with BTC future because the accusation/intervention of SEC. When it is over, the market will obviously increase significantly.

 

Why are you surprised that bitcoin went from $25k to $26k5 in just the past few days, and you became positive because of that? Let's not forget that bitcoin has been moving sideways in the $29k-30k$ area for the past few months and has dropped to $26k, so to me this is not a positive signal for the market. One mistake I see people make is that people get excited about bitcoin going up 1% or 2% and people quickly forget about bitcoin going down 5% or 10% before that.

Another thing I see is that everyone is sure that the halving is coming and that will help bitcoin never drop in preparation for the halving. But honestly, I think on the contrary, bitcoin will drop more before the halving happens.

Yes and this is just the beginning, I mean technically we are still in the bear market, nevertheless though, this month seems to be on the sideways. But we have some movement to $26,500 and it's quite surprising to see that jump maybe in the last 3 days or so.

And the good news is that we still have like months before the end of the year, so it's either it will end with a significant increase before the actual block halving. Or we will be just above $30k which is the biggest barrier so far. Either way, we are all looking for the eventual bull run next year. So we might as well take in stride everything that this year will give to us.

Yes exactly the market of crypto can both have bear and bull season because if there occurs only a single season then it will not be possible for getting profit because balance have not effects.

Now we don't know that is it bear market or not because we don't know that what is really a bear market and what will be the minimum price for describing bear market. But it is known fact that there will always be a chance of Bull season when for certain period of time we experience bad conditions.

So this period is beneficial and the next period coming in the form of Bull run will also be advantageous depending on the act of people that what they want to do whether they are buying or selling.

It looks even more likely to go up soon, it reached near 26.5k levels and that's why I could say that its getting to a point where it could end up with being something that would be a lot more important. I would guess that there will be something that would end up with something that would be lovely. I think we are going to end up with a great profit that would be a lot better. I guess its going to be something that would end up profiting a lot. I think its going to be something that will end up with a great return. Hopefully I guess that something that would end up working for the good time. Lets just hope that it keeps growing more and more from here.

Bitcoin to me seems like something that is either going to be wildly successful or it will fail completely. I don’t see much room for middle ground here. In fact, mining seems almost designed to boom until miners grow to the point where they start going bankrupt. If prices don’t go up significantly before next April, those bankruptcies will start happening.

Well, I don't think we are yet in the bull season, time is still ticking as we are getting close to the Bitcoin halving season, which may give rise to a spike in price, but until then, one still has to keep accumulating Bitcoin at the dip price. A bear market is the time to buy and hold, unless traders take advantage of the price volatility. There was this cryptocurrency investment slogan that says, "Buy all the dip." So, now it's just to keep buying the dip, even if it drops to $20,000, use the opportunity to accumulate your Bitcoin, and you will definitely archive a lot of profit if you patiently hold till a bull market comes.

Speculating about the future of Bitcoin is not prohibited and is something that many people, including me, like to do.

We hope that the rate of Bitcoin adoption that continues to grow will be universal because it will be good for the future of Bitcoin. With the increasingly rapid and large number of adoptions taking place throughout the country, our hopes for Bitcoin will grow faster.

But yeah, no one has a crystal ball.

I am very bullish about Bitcoin, although its market is consisting of both bullish and bearish, I still believe that Bitcoin is bullish in the long run.  One major reason is that the adoption keeps on reaching every corner of the world.  Countries that were hesitant before are now taking interest while others are now preparing the process for the day they will accept Bitcoin as mode of payment if not a legal tender.  The halving that keeps on being the bull run catalyst that always leads to the breaking of ATH so far.

In short, I am seeing Bitcoin gain more interest and uptrend in value over time.

Yeah, and if we look at bitcoin's historical logs, every after 4 year, we will see a scenario wherein their is a strong bullishness in the market and it's hard to stop the price from going up. And most likely we will experienced it again next year and it will go on a two year run, and so it will be 2024-2025 for a bull market.


It's been pointed out that we might hit at least $100k in the next bull run, so obviously it will be a new all time high again and it's the first time that we will see a 6 digit price. So it's going to be very exciting bull run for us and hopefully this prediction will came true.

The right thing about bitcoin investments is – they have to know how it works. Volatility is something that cannot be separated considering its supply and demand - but bitcoin basically has a cycle of ups and downs. Its price movements may go against the trend - but you can convince people that bitcoin is an asset that performs well based on its history.

Bitcoin has a good future if increasing adoption is the benchmark - but of course no one can be sure of the future of this asset because things can change so quickly. The positive thing about bitcoin now and in the future is - governments are starting to capitalize on it and support it.

Concerns about the future of bitcoin can essentially lead us to believe that there are risks in this investment. Not only about volatility and security risks, but also about industry and regulatory risks. We may hope that bitcoin will continue to perform well in the long term, but none of us know what the future for bitcoin.

For me, it is legitimate to worry that every investor does not fully believe in the future without considering the risks. Things still seem to be going according to plan at the moment, but it is possible for the government to ban bitcoin completely if everyone agrees to do so. Risks still have to be considered, but they shouldn't have to worry too much. Only invest the amount you can afford to lose, even if you have much better financial strength.

It is going to be bullish long term at all times, there is no scenario where will it not be bullish. We need to realize that it is going to take some time and we need to end up with something that will change things over course of many years. I believe that we are going to end up with something that would make differences on the long term.

I believe that we are going to end up with something that will change things one way or another, and when that happens I believe that we are going to end up with a good result. I hope that it gets to a point where we end up with a result that is a bit more profitable, and for that to happen I am guessing that it is going to be a bit more time required for us to reach a new high.