The future of Bitcoin: Bullish or Bearish - page 4.

JoyMarsha

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Quote from: Afnan_faizah on September 12, 2023, 03:51:51 AM

I think bitcoin price can reach $24K in this month and then it will pump to over $33k in october, but it is just my opinion. at least we can expect the value of or money in btc will always tend to increase as the number of btc adoption is still growing. maybe the future will be bullish and then bearish and it will repeat.

The September month of each year is considered the red zone of the bitcoin price, whereby its price falls drastically. It is possible to have bitcoin prices fall between $24k or a lower price before the end of September. Maybe by October or the upper months, we'll start to notice a rise in the price of bitcoin that will eventually take it to $30k-$35k before the year is through.

Hopefully, by next year, We should be discussing the impact of the bull run on the crypto market. How our assets in bitcoin, which we accumulated at cheap prices, have risen as a result.

Ruttoshi

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The bull market and the bear market are both beneficial to investors. When bitcoin price is in the bearish season, it is an opportunity for you to buy more bitcoin and add to your bitcoin holdings and wait for the bull run to come.

On the other hand,the bull market is a period for people to sell their bitcoin and cash out,so that they can keep the profit from their investment. Long term investment will safe your the stress of worrying over which market is next or not because you wouldn't bother about the price of bitcoin.

panganib999

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One can't say for sure even though we're at the cusp of a halving, with it happening some time next year. The issue at hand is that for someone to be able to confidently say that the market will be bullish or bearish come next year, we have to have a definitive reason as to why it has to. For instance, back in 2020 we had a reason to believe that bitcoin will be bearish, with a good majority of people even believing that it's over for bitcoin since way back then it dumped as low as 7k from a whopping 20k valuation not too long ago. And then the confidence of the people struck up, allowing many to invest in bitcoin with the sense of security that COVID-19's not gonna do shit against bitcoin anymore.

The same needs to happen for bitcoin come next halving, we need to have a sustainable cause as to why we would invest in it, investing for the sake of halving is just not gonna cut it.

Cryptomultiplier

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To keep abreast with crypto signals is one sure way to know the future of BTC, incase it would be bearish or bullish. Still, to HoDL BTC or trade not minding the gains during the discovery period of bearish or bullish is important, so that one does not loose out on the opportunity to increase the profit when the bullish seasons come.

BITCOIN4X

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If you expect my opinion about the next 1 to 2 years, then I think bullish is the best option to say. The reason is obviously due to the impact of the halving and its past history, but the same is always questioned. We are all too busy about the future which is completely unknown, but that is not a bad thing if you want to make preparations, for example start investing now and get the return there.

Quote from: Ojima-ojo on September 12, 2023, 05:12:39 PM

I dont put a short term speculation on Bitcoin simce we have a line up events that could triger the price to gonin an uptrend direction and at this moment i think Bitcoin should be taken to be at a discounted price and anyone looking to invest ahead of the 2024 event should take advantage of the price.

The short term isn't always bad, but it's good to plan for the long term. Long term investment seems to be the best option for an asset like bitcoin, I mean bitcoin still has the potential to continue growing year after year and will probably become the most desired means of payment if governments start adopting it.

Ojima-ojo

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I dont put a short term speculation on Bitcoin simce we have a line up events that could triger the price to gonin an uptrend direction and at this moment i think Bitcoin should be taken to be at a discounted price and anyone looking to invest ahead of the 2024 event should take advantage of the price.

I dont know if the price will dip further below 20k before that time, but i am very certain that the Bitcoin market may exibits some attributes of high volatility and also attempt break out at some point.

Gladitorcomeback

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Quote from: wilkine on September 12, 2023, 02:13:33 AM

Technically, Bitcoin faces challenges with a critical support level at around $25,500. A break below this could lead to further declines, potentially testing $20,000.

Yes there is big buying volume around 25k and hope that it will not broken otherwise 22k or more down possible but market is now looking green and btc recovered after dump to 24900$. Bad news in market has very bad impact upon btc price and whenever any big changes occur in btc price then reason behind is good or bad news. Many whales dump the price when decision upon ETF Application postponed but hope it will not remain for long time because halving is going to be happen next hear and also many Good news such as ETF approvals could also be happened.

Quote from: wilkine on September 12, 2023, 02:13:33 AM

In terms of news, the FTX token sale case may appeal in September. However, the market's ability to absorb a $200 million sell-off remains uncertain. Key events, including the FTX case and economic data, are being closely watched.

Some analysts believe this drop may be manipulated to liquidate long positions. The market is contracting, with funds flowing to a few, causing a drop in Bitcoin's trading volume.

Actually this FTX token sale news created so much fud and fear in the market and many short hand sold btc without any research. according . most of the token owe by FTX are locked and theu could not sale except a very small percentage which will not affect the market

Check the almaeda wallet and Solona tokenomics
https://twitter.com/Vybe_Network/status/1701286011651953054

ImThour

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Bitcoin Bottom was at $15.4k

For sure, the future of Bitcoin is always bullish. It started from $0 and it's currently at $26k, All-Time High at $69k. And soon, that all-time high will be long gone and these prices will never be seen again. Just wait and watch, and you just need to stay bullish on it for a longer time and look after HODLing. Bitcoin Halving in April-May 2024 will start the next leg up for the next bull run which will end near about Nov-Dec 2025.

isaac_clarke22

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Quote from: Afnan_faizah on September 12, 2023, 03:51:51 AM

I think bitcoin price can reach $24K in this month and then it will pump to over $33k in october, but it is just my opinion. at least we can expect the value of or money in btc will always tend to increase as the number of btc adoption is still growing. maybe the future will be bullish and then bearish and it will repeat.

It could be wherever we want anytime soon. Was kinda expecting to be around 30k at this time, but hell gotta buy more I guess? I don't think adoption is growing though. It is still kinda meh in my end and I don't feel anything changing in terms of businesses adopting these.

Quote from: Asuspawer09 on September 12, 2023, 11:59:13 AM

I mean I wouldn't really be surprised if the market price even dropped to 20,000 I mean for the most part there wasn't really something yet that could trigger the market price to a Bull Run, for the market to increase and probably go to a Bull Run. For sure at this time this market price is still a good position for the market price to skyrocket in the coming months, bullish or bearish it's still Bitcoin and cryptocurrency is obviously a risky investment because of the volatile market we can really be sure of anything on cryptocurrency that is why it is so risky because in the coming months, it is always possible that the market price of Bitcoin could drop and that is just normal to get bearish or bullish.

I am pretty sure that there will be movements in the coming months probably at the end of the year this December until next year If we are just going to compare this to the past movement of Bitcoin, there is always a big spike when the Bitcoin halving is near so probably there will be a spike again but it doesnt really matter personally because I just HODL my Bitcoin until I think that the market price is already fair to sell.

20k is quite a discount for all of us to buy more. Most people could already had assumed that 20k might be the lowest floor we can get. There will be indeed changes this December since people would want their money for Xmas. Kinda the seasonal stuffs ya know.

Asuspawer09

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Quote from: wilkine on September 12, 2023, 02:13:33 AM

Bitcoin's recent performance has raised concerns, with various factors impacting its trajectory. However, it's important to approach its future outlook rationally.

Technically, Bitcoin faces challenges with a critical support level at around $25,500. A break below this could lead to further declines, potentially testing $20,000.

In the short term, a price above $2.58 might signal a trend reversal, while surpassing $2.65 could indicate a rebound. But until Bitcoin shows significant strength, rebounds may be brief.

Ethereum has its challenges, with low trading volumes and the recent hacking of founder Vitalik Buterin's Twitter account affecting its reputation. Short-term market stagnation is possible.

In terms of news, the FTX token sale case may appeal in September. However, the market's ability to absorb a $200 million sell-off remains uncertain. Key events, including the FTX case and economic data, are being closely watched.

Some analysts believe this drop may be manipulated to liquidate long positions. The market is contracting, with funds flowing to a few, causing a drop in Bitcoin's trading volume.

For future trends, caution is advised. Bitcoin may rebound in October, but September is uncertain. The purchasing power of $1 has changed since 2021, making funds cautious. Altcoins' response to Bitcoin's rebound and their gains should be approached carefully. In the short term, risk awareness is vital.

In summary, a rational, calm approach is essential in the cryptocurrency market. Make investment decisions based on your circumstances and risk tolerance, avoiding being swayed by sentiment.

I mean I wouldn't really be surprised if the market price even dropped to 20,000 I mean for the most part there wasn't really something yet that could trigger the market price to a Bull Run, for the market to increase and probably go to a Bull Run. For sure at this time this market price is still a good position for the market price to skyrocket in the coming months, bullish or bearish it's still Bitcoin and cryptocurrency is obviously a risky investment because of the volatile market we can really be sure of anything on cryptocurrency that is why it is so risky because in the coming months, it is always possible that the market price of Bitcoin could drop and that is just normal to get bearish or bullish.

I am pretty sure that there will be movements in the coming months probably at the end of the year this December until next year If we are just going to compare this to the past movement of Bitcoin, there is always a big spike when the Bitcoin halving is near so probably there will be a spike again but it doesnt really matter personally because I just HODL my Bitcoin until I think that the market price is already fair to sell.

Zlantann

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Quote from: wilkine on September 12, 2023, 02:13:33 AM

In summary, a rational, calm approach is essential in the cryptocurrency market. Make investment decisions based on your circumstances and risk tolerance, avoiding being swayed by sentiment.

Investing in Bitcoin is not for everyone. It is specifically reserved for those who are patient and believe in the currency. It will be a difficult investment sector for people who are inconsistent and want quick money. If you want to avoid sentiments that can lead to FUD stop listening to random news from the media. Most of the information we get from them is organized to attack the system. Regarding risk tolerance, the best approach will be to invest only what you can afford to live without. It is not advisable to sell properties or take a loan to invest in Bitcoin in view of the fact that it is an erratic sector.

Quote from: Z-tight on September 12, 2023, 11:31:05 AM

The future of BTC in itselt doesn't depend on only the price, i know that the price is the most important factor for speculators but it isn't so for people who want to use BTC as a payment method. Adoption of BTC is going to continue growing and the network is obviously secured, so there isn't going to be any successful attack on the network, the future of BTC is bright and the more people understand the need to use a censorship resistant currency, the more adoption will increase.

As some economies keep suffering from inflation the brave will keep seeking ways to shield themselves from the impact of currency loss of value. Some people might claim that Bitcoin is not a good hedge against inflation since the price is inconsistent. But the truth remains that Bitcoin price will keep recovering.

Lucius

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Quote from: Volgastallion on September 12, 2023, 10:20:09 AM

First of all i think this thread can fit better on economics than bitcoin discussion, its not bad placement but i think it can fit more in the other section.
~snip~

It seems to me that it belongs somewhere else, maybe in the trash? Does anyone really think the OP wrote that post or is it plagiarism, paraphrasing or AI?

Z-tight

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Only BTC

The future of BTC in itselt doesn't depend on only the price, i know that the price is the most important factor for speculators but it isn't so for people who want to use BTC as a payment method. Adoption of BTC is going to continue growing and the network is obviously secured, so there isn't going to be any successful attack on the network, the future of BTC is bright and the more people understand the need to use a censorship resistant currency, the more adoption will increase.

Zigabel

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Quote from: wilkine on September 12, 2023, 02:13:33 AM

In summary, a rational, calm approach is essential in the cryptocurrency market. Make investment decisions based on your circumstances and risk tolerance, avoiding being swayed by sentiment.

The future of Bitcoin can be both bullish and bearish as either scenario are relative, this depends on what period we are currently experiencing in the market hence we predicting the future of Bitcoin should be aligned with the current market situation if it's a bullish market or a bearish market. Furthermore we have experienced a bearish market in the past two years.

In those two years some persons lost some money to the bearish market. Hence there have been a high anticipation of a bullish market considering we are about to experience a halving of Bitcoin in few months to come. From my point of view the future of Bitcoin in few months from now will be bearish, hence I have stacked up a few unit of Bitcoin awaiting it's bullish period so I can make some profit from this bullish future. If you want to invest in Bitcoin at this time I think it's a good idea but invest according to your available money.

Poker Player

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Those of us who are active on this forum and just visit the shitcoins section are bullish on Bitcoin, especially in the long term. The longer the term, the more bullish we are. If anyone is concerned about how low the price is supposedly at the moment just zoom out a bit and while you're at it revisit old threads and see how bad the defeatists of years ago in the face of price declines have become.

Volgastallion

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CONTEST ORGANIZER

First of all i think this thread can fit better on economics than bitcoin discussion, its not bad placement but i think it can fit more in the other section.

If you are asking this its because you have doubts about this, lest make this simple, Fiat money its in their last , with high inflation in the whole world, right now we see a "pause" on that inflation rate but in the short time we are gonna see again that inflation hyke even more than before, so BTC its gonna be bullish no matter what against them.

kryptqnick

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With Bitcoin, it's not an "either-or" situation of bullish vs bearish trends in the future. Looking at the price movement this year, it seems to me that Bitocoin is climbing up, but with big setbacks along the way. For example, the price was generally around $22k from mid-January till mid-March, around $27k till June, then over $29k since the end of June and till the middle of August, but now it's been around $26k for a few weeks. I hope it's a minor setback that won't spoil the general trend. And in the grand scheme of things, it doesn't really matter if it goes up or down in the near future, as Bitcoin's life is likely to be full of bullish and bearing markets in the future with, hopefully, a continuation of the overall long-term upward trend.

cafter

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Quote from: KaizenJujustsu on April 20, 2023, 12:47:33 PM

Bitcoin's recent performance has raised concerns, with various factors impacting its trajectory. However, it's important to approach its future outlook rationally.
Technically, Bitcoin faces challenges with a critical support level at around $25,500. A break below this could lead to further declines, potentially testing $20,000.

Most of us don't worry about bitcoin's price in the short term; whether it's bullish or bearish, we simply hodl onto it tightly and securely.
but i think price will fall further down, because FTX's users will sell their bitcoin holdings and other crypto holdings which will cause fall in price.

Quote

FTX administrators have managed to retrieve approximately $7 billion in assets, of which $3.4 billion is in cryptocurrencies. A court hearing scheduled for Wednesday will review a proposal to initiate token sales as part of the creditor repayment plan, as per recent filings.

A presentation highlights that FTX possesses close to $1.2 billion in SOL, Solana’s native token. The asset inventory further includes $560 million in Bitcoin, the largest cryptocurrency, and $192 million in Ether, the second-largest cryptocurrency.

https://coingape.com/crypto-volatility-shoots-over-ftxs-rumoured-3-4-billion-sale-whats-the-fud/

hyudien

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Why bother with Bullish and Bearish when we are used to going through these 2 seasons every year? To make Bitcoin stronger and more trustworthy, there must be a touch of counter and balance. When FTX liquidates large amounts of its assets, it means a lot of Bitcoin is released into the market. Who will buy it? you or the whales? make a choice because this situation is quite sad but like it or not it will happen. We as small holders will definitely be affected. The right question now is, would you also sell it along with FTX? Or do you actually buy on sale? Are you strong with this negative news? If not, let go of the handle and let us take it for cheap.

BTW, maybe this is Blackrock's chance to step in to buy more, worried? please enjoy the bear market, then after that we leave by fast train.

Altcoins? I don't care anymore

Shishir99

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For some reason, I believe, AI generates your content and I am sure you don't know what you are talking about. Unfortunately, I cannot prove my claim because I could not verify this post with some tools. But I have checked your post history which is full of AI content. I highly suggest OP not use these to Write content and not join the discussion if you are not interested in it. If you have a genuine interest in something, please create original content so people might give you suggestions if you lack knowledge. AI is certainly more intelligent than you and this is why you won't learn anything from these threads.

Topic: The future of Bitcoin: Bullish or Bearish - page 4. (Read 651 times)