The price of bitcoin is not rising soon!.

Nrcewker

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Quote from: Franctoshi on September 04, 2023, 03:41:01 PM

This month of September I'm not anticipating any big price movement because historically September is not that favorable month for the price of Bitcoin and when it comes to its performance, plus the fact that the previous month closed bearish, the price may remain bearish until the month end but we may likely see more price recovery from October and November.

Yes in late October we always see the Bitcoin’s price goes up. So this time also it might be following the same pattern. Cannot say anything, but yes I too don’t have any expectations from September. If by any chance till October Bitcoins manages to cross 30k usd range, then definitely there will be full effort from Bitcoins to reach ATH price in 2024. Many Bitcoin investors including me have high expectations from Bitcoins. Let’s see where it goes.

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Quote from: romero121 on September 04, 2023, 01:10:48 PM

Quote from: Minor Miner on September 04, 2023, 10:42:30 AM

Quote from: Etranger on September 04, 2023, 09:50:52 AM

Quote from: gunhell16 on September 04, 2023, 12:20:44 AM

Since you posted this, dude, 4 months ago, you said it right that what happened today is that Bitcoin has fallen to almost 25k. This means only one thing, and that is that your Bitcoin prediction is correct. And most of the other people's predictions have been wrong since the day you posted them, including mine.

It is also clear to me that the market in terms of Bitcoin price is very unpredictable due to its volatility. Just like the increase or pumping seems to be based only on the good news that will be announced about Bitcoin or crypto, So the only safe thing that a holder of Bitcoin or crypto should do is just hold. Day trading is hard to keep up with and ineffective, as some communities in the crypto space say.

During these months, the price of bitcoin showed a significant growth, so it is incorrect to say that the forecast of no increase in value was true. We are approaching halving, which means that the situation can change very quickly in any direction. But usually before and after it, the price of bitcoin shows growth and eventually updates the ATH.

This article is from May and if I remember correctly, from May until now there has been no significant growth, it can be said that OP's prediction up to now is correct. The halving is approaching but we are still in bear season and the 4-year cycle is not over yet, so there will not be positive changes like many people say. Many people believe that the approaching halving causes people to accumulate more bitcoin so a price drop will not happen. But did you see that bitcoin has been moving sideways in the $29k area for months and suddenly dropped in price and is trading at $26k? And there is still a chance that bitcoin will continue to decline in the near future, which suggests that the halving does not have any impact at the moment.

The prediction of market movement is correct. The market price is decreasing gradually, and the same could continue till the days of halving. The price have come close to $25000 at the lowest in recent months. This is something expected, but there are chances of sudden rise in the price whenever there happens positive news associated with cryptocurrency. However soon after the incident the heat dropped and the price had gradually come down when expected for a massive push crossing $30k.

May be for right now the OP`s predictions is correct, however, the end of spring and summer showed us some episodes of a rise, and it was pretty significant. We cannot just close our eyes to this. Bitcoin price is unpredictable and all we can do is to compare with previous historical data. That is why everyone is expecting halving. Sure, we need more that one good piece of news for this to happen.

benalexis12

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That's right, all the communities that will make predictions about Bitcoin right now are all making assumptions. Honestly, we will only get headaches if we use it with technical analysis.

If we look at the current chart today, as we can see in this picture, the MA (moving average) line hardly intersects, so the resistance hardly moves, as if the wave is calm. It is very difficult to set up a buy or sell when that is the scenario on the chart graph.Imagine how many hours pass before there is a motion in the resistance, and then the movement is just a little. So, instead of monitoring, it's really better to just hold for now.

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In bitcoin price I know quite well that each speculation and predictions of bitcoin is under assumption, so therefore bitcoin price is something we know that the price can increase today and get devalued tomorrow so therefore am of the opinion that we should depends on our ways of understanding bitcoin process and bitcoin values in the market, the rising of bitcoin is been determined by the market situation or market conditions and what prompts the increment and degradation of value of bitcoin is basically dependable on the gravity or force of the demands and supply of the market.

Franctoshi

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This month of September I'm not anticipating any big price movement because historically September is not that favorable month for the price of Bitcoin and when it comes to its performance, plus the fact that the previous month closed bearish, the price may remain bearish until the month end but we may likely see more price recovery from October and November.

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Quote from: jasonjm on September 01, 2023, 11:29:31 PM

The market has been in correction phase since the last ATH, the phase might continue for the next few months. It is certain that the market will bounce back next year after BTC halving.

Bitcoin can bounce back next month or this month, nobody knows the exact time but all we know is that it must come up ones again maybe this time around it won't cause so much panic in the market.
This is not the first time when Bitcoin seems to put investors under pressure, before the last rally Bitcoin had seen a major fall and gone below $26k where it was trading at three-months low.
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Quote from: Minor Miner on September 04, 2023, 10:42:30 AM

Quote from: Etranger on September 04, 2023, 09:50:52 AM

Quote from: gunhell16 on September 04, 2023, 12:20:44 AM

Since you posted this, dude, 4 months ago, you said it right that what happened today is that Bitcoin has fallen to almost 25k. This means only one thing, and that is that your Bitcoin prediction is correct. And most of the other people's predictions have been wrong since the day you posted them, including mine.

It is also clear to me that the market in terms of Bitcoin price is very unpredictable due to its volatility. Just like the increase or pumping seems to be based only on the good news that will be announced about Bitcoin or crypto, So the only safe thing that a holder of Bitcoin or crypto should do is just hold. Day trading is hard to keep up with and ineffective, as some communities in the crypto space say.

During these months, the price of bitcoin showed a significant growth, so it is incorrect to say that the forecast of no increase in value was true. We are approaching halving, which means that the situation can change very quickly in any direction. But usually before and after it, the price of bitcoin shows growth and eventually updates the ATH.

This article is from May and if I remember correctly, from May until now there has been no significant growth, it can be said that OP's prediction up to now is correct. The halving is approaching but we are still in bear season and the 4-year cycle is not over yet, so there will not be positive changes like many people say. Many people believe that the approaching halving causes people to accumulate more bitcoin so a price drop will not happen. But did you see that bitcoin has been moving sideways in the $29k area for months and suddenly dropped in price and is trading at $26k? And there is still a chance that bitcoin will continue to decline in the near future, which suggests that the halving does not have any impact at the moment.

The prediction of market movement is correct. The market price is decreasing gradually, and the same could continue till the days of halving. The price have come close to $25000 at the lowest in recent months. This is something expected, but there are chances of sudden rise in the price whenever there happens positive news associated with cryptocurrency. However soon after the incident the heat dropped and the price had gradually come down when expected for a massive push crossing $30k.

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Quote from: Etranger on September 04, 2023, 09:50:52 AM

Quote from: gunhell16 on September 04, 2023, 12:20:44 AM

Since you posted this, dude, 4 months ago, you said it right that what happened today is that Bitcoin has fallen to almost 25k. This means only one thing, and that is that your Bitcoin prediction is correct. And most of the other people's predictions have been wrong since the day you posted them, including mine.

It is also clear to me that the market in terms of Bitcoin price is very unpredictable due to its volatility. Just like the increase or pumping seems to be based only on the good news that will be announced about Bitcoin or crypto, So the only safe thing that a holder of Bitcoin or crypto should do is just hold. Day trading is hard to keep up with and ineffective, as some communities in the crypto space say.

During these months, the price of bitcoin showed a significant growth, so it is incorrect to say that the forecast of no increase in value was true. We are approaching halving, which means that the situation can change very quickly in any direction. But usually before and after it, the price of bitcoin shows growth and eventually updates the ATH.

This article is from May and if I remember correctly, from May until now there has been no significant growth, it can be said that OP's prediction up to now is correct. The halving is approaching but we are still in bear season and the 4-year cycle is not over yet, so there will not be positive changes like many people say. Many people believe that the approaching halving causes people to accumulate more bitcoin so a price drop will not happen. But did you see that bitcoin has been moving sideways in the $29k area for months and suddenly dropped in price and is trading at $26k? And there is still a chance that bitcoin will continue to decline in the near future, which suggests that the halving does not have any impact at the moment.

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Quote from: gunhell16 on September 04, 2023, 12:20:44 AM

Since you posted this, dude, 4 months ago, you said it right that what happened today is that Bitcoin has fallen to almost 25k. This means only one thing, and that is that your Bitcoin prediction is correct. And most of the other people's predictions have been wrong since the day you posted them, including mine.

It is also clear to me that the market in terms of Bitcoin price is very unpredictable due to its volatility. Just like the increase or pumping seems to be based only on the good news that will be announced about Bitcoin or crypto, So the only safe thing that a holder of Bitcoin or crypto should do is just hold. Day trading is hard to keep up with and ineffective, as some communities in the crypto space say.

During these months, the price of bitcoin showed a significant growth, so it is incorrect to say that the forecast of no increase in value was true. We are approaching halving, which means that the situation can change very quickly in any direction. But usually before and after it, the price of bitcoin shows growth and eventually updates the ATH.

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Quote from: Godlovesyou on May 11, 2023, 10:51:41 AM

The movement of price index has clearly show that the price will not rise this year, is almost half a year now since the price drops, this is far beyond inflation and fiscal policy of the government, I think bitcoin is suffering heavy weight withdrawals and it might end up been this Stuart for the year.

where did you get that stupid idea that the index can tell the the price will not rise?

lol is that your only perception ?

Quote

Out of 100% of international market chats bitcoin is beneath the range price counts of crude oil, gas, gold and diamond, that's means bitcoin is far from rising soon.
What do you think?

if you are calling soon to be this year then you are correct, but the correlation of the price will be verdict
in the coming bull market in which being said to happen net year and that is the moment you need to check
and of course must be also ready.

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Quote from: fzkto on September 02, 2023, 08:16:07 AM

No one knows exactly when the market will recover. But as for BTC, after the last bottom at 15k this showed a nice doubling and now we can say correction.

That $15k was the assumed bottom that we're waiting for before Bitcoin takes off again to a better price. And from there as the basis, we can say that it has recovered but this isn't enough recovery because what we want is the recovery that should be from the ATH on 2021.

Quote from: fzkto on September 02, 2023, 08:16:07 AM

Halving 100% was the best moment for bitcoin growth, but it is unknown if the next halving will be like that. Maybe the growth will start next year, maybe the year after. But the bearish cycle in the market has been going on for a long time. Hopefully that will change soon.

I am expecting all the best for the halving. We can hope for that as the cycle always gets to show us on how it looks every post halving.

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Quote from: gunhell16 on September 04, 2023, 12:20:44 AM

Since you posted this, dude, 4 months ago, you said it right that what happened today is that Bitcoin has fallen to almost 25k. This means only one thing, and that is that your Bitcoin prediction is correct. And most of the other people's predictions have been wrong since the day you posted them, including mine.

It is also clear to me that the market in terms of Bitcoin price is very unpredictable due to its volatility. Just like the increase or pumping seems to be based only on the good news that will be announced about Bitcoin or crypto, So the only safe thing that a holder of Bitcoin or crypto should do is just hold. Day trading is hard to keep up with and ineffective, as some communities in the crypto space say.

You are right since he predicted that the chances of Bitcoin going up are slim and that is what happened Bitcoin is trading back to $25k instead of going up. There are still more concerns that the price of Bitcoin may fall to $22k. Although many predicted that Bitcoin could reach $40,000, all their predictions turned out to be wrong and the price of Bitcoin went down instead of up. It is true that volatility in the Bitcoin market is unpredictable because if the price of Bitcoin falls by 5%, other coins in the market fall by 15 to 20%. Good and bad news have a huge impact on the price of Bitcoin and often the price of Bitcoin rises after good news. Global news always affects the cryptocurrency market. You are right that day trading is looking difficult in current conditions and risk of loss is increasing. Spot trading also requires careful entry because the market is not reliable. Most people wait for the market to fall to get a good entry.

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Since you posted this, dude, 4 months ago, you said it right that what happened today is that Bitcoin has fallen to almost 25k. This means only one thing, and that is that your Bitcoin prediction is correct. And most of the other people's predictions have been wrong since the day you posted them, including mine.

It is also clear to me that the market in terms of Bitcoin price is very unpredictable due to its volatility. Just like the increase or pumping seems to be based only on the good news that will be announced about Bitcoin or crypto, So the only safe thing that a holder of Bitcoin or crypto should do is just hold. Day trading is hard to keep up with and ineffective, as some communities in the crypto space say.

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Quote from: WatChe on September 03, 2023, 03:05:05 PM

Quote from: armanda90 on September 03, 2023, 01:51:49 PM

Its seems difficult for bitcoin break on $30k after many time going dump drastically with bad news, many people or investor are holding their bitcoin assets but can't against with whale make FUD with publishing they sold bitcoin. Last few week when have news about Elon Musk and Tesla company selling their bitcoin assets price drop drastically and bitcoin keep stable around $26k right now.
Not all bitcoin investors don't force panic moment when getting FUD or bad news, they will sell bitcoin although in lower price without think what happen advantage taking by some people make FUD and will get chance to buy back bitcoin in lower price. Hope in short time Bitcoin will back above $30k and make stable on higher price without any investor are panic for selling when whales make FUD.

There is no way one can predict what price bitcoin will take in coming days as it's fully volatile. See last 14 days of bitcoin, it was stable in start then went down, went up and went down to 26k again. The price of Bitcoin is stable at 26k but still we are not sure whether it will remain stable here or go down from here. Its best to keep your nerves strong right now and just HODL what you have. If possible, try to accumulate bitcoin at current price.

Well at this point it's only proper that we actually try to accumulate more because of the price ratio when we buy, it's very clear that bitcoin price is the last thing anybody can predict and I don't intend to even speculate any longer because the more you calculate and wait for the price to reach a specific target the more suprised you wil get because the price is always fluctuating and instead of putting my energy on trying to get the exact figure, I would rather just buy and hold strong knowing fully well the price is going to boom in the nearest future even if it's not now.

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Quote from: armanda90 on September 03, 2023, 01:51:49 PM

Its seems difficult for bitcoin break on $30k after many time going dump drastically with bad news, many people or investor are holding their bitcoin assets but can't against with whale make FUD with publishing they sold bitcoin. Last few week when have news about Elon Musk and Tesla company selling their bitcoin assets price drop drastically and bitcoin keep stable around $26k right now.
Not all bitcoin investors don't force panic moment when getting FUD or bad news, they will sell bitcoin although in lower price without think what happen advantage taking by some people make FUD and will get chance to buy back bitcoin in lower price. Hope in short time Bitcoin will back above $30k and make stable on higher price without any investor are panic for selling when whales make FUD.

There is no way one can predict what price bitcoin will take in coming days as it's fully volatile. See last 14 days of bitcoin, it was stable in start then went down, went up and went down to 26k again. The price of Bitcoin is stable at 26k but still we are not sure whether it will remain stable here or go down from here. Its best to keep your nerves strong right now and just HODL what you have. If possible, try to accumulate bitcoin at current price.

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Quote from: Texac on September 02, 2023, 04:36:32 AM

No one is saying that bitcoin won't break $30k but it clearly won't happen soon and I even doubt it can't break $30k before the end of the year. if I remember correctly, people always say that bitcoin will soon increase, not decrease, because the halving is approaching and people are actively buying bitcoin. but what is happening is not like what people say and I just guess that there is some force that is holding back the price of bitcoin. they want us to get discouraged and sell bitcoins at low prices so we need to be more patient when things don't go as we expected.

Its seems difficult for bitcoin break on $30k after many time going dump drastically with bad news, many people or investor are holding their bitcoin assets but can't against with whale make FUD with publishing they sold bitcoin. Last few week when have news about Elon Musk and Tesla company selling their bitcoin assets price drop drastically and bitcoin keep stable around $26k right now.
Not all bitcoin investors don't force panic moment when getting FUD or bad news, they will sell bitcoin although in lower price without think what happen advantage taking by some people make FUD and will get chance to buy back bitcoin in lower price. Hope in short time Bitcoin will back above $30k and make stable on higher price without any investor are panic for selling when whales make FUD.

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Quote from: CageMabok on August 31, 2023, 09:35:12 AM

The difficulty of increasing Bitcoin during this month could be because there are still more sellers at the low price and fewer buyers at the much higher price. I think that is a very appropriate reason to say because when the sellers at low prices are still greater than the buyers at the moment, it will certainly make it difficult for Bitcoin prices to increase in the near future.

But the potential for an increase in the price of Bitcoin itself is still there and will never disappear in the market as long as people who believe in Bitcoin can continue to grow and have no doubts about continuing to own it in the future. I still believe that the price of $30K will pass even though it won't happen anytime soon, but it will definitely happen again to Bitcoin even if Bitcoin has to take a longer time to make that move.

Those sellers, who sell at low prices like now have to be very sure that the price will drop even more significantly. As for me, this is quite a risky game, because we are standing at a doorstep of a bull market and nobody can have confidence that bitcoin will decline one more tome before rising. I think it would be more wise to accumulate right now that sell, even if it brings you some profit in a short term. Because the current price is sill very tempting and it can be a good investment for the time after halving.

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Quote from: Texac on September 02, 2023, 04:36:32 AM

Quote from: CageMabok on August 31, 2023, 09:35:12 AM

Quote from: Ricardo11 on August 31, 2023, 04:42:02 AM

Yes, the price of bitcoin is not rising soon. Because Bitcoin price index movement is very slow. It's been around 30k for a long time now, it's never going to break 30k. It is currently priced at 27k and seeing the upswing in Bitcoin price we clearly understand that it will take more time to cross 30k. So the price of Bitcoin is not rising soon.

The difficulty of increasing Bitcoin during this month could be because there are still more sellers at the low price and fewer buyers at the much higher price. I think that is a very appropriate reason to say because when the sellers at low prices are still greater than the buyers at the moment, it will certainly make it difficult for Bitcoin prices to increase in the near future.

But the potential for an increase in the price of Bitcoin itself is still there and will never disappear in the market as long as people who believe in Bitcoin can continue to grow and have no doubts about continuing to own it in the future. I still believe that the price of $30K will pass even though it won't happen anytime soon, but it will definitely happen again to Bitcoin even if Bitcoin has to take a longer time to make that move.

No one is saying that bitcoin won't break $30k but it clearly won't happen soon and I even doubt it can't break $30k before the end of the year. if I remember correctly, people always say that bitcoin will soon increase, not decrease, because the halving is approaching and people are actively buying bitcoin. but what is happening is not like what people say and I just guess that there is some force that is holding back the price of bitcoin. they want us to get discouraged and sell bitcoins at low prices so we need to be more patient when things don't go as we expected.

Rising or not then better get used to it and be prepared on whatever market condition you would really be able to experience on this market.It would really be depending on how it would be moving.
Rising or falling then this is something that you would be commonly that you would need to deal with. Bare in mind that a market cant be called a market if it wont really be having that rising and falling
kind of behavior when it comes to price. It is really just that there are really moments or times that it would really be moving out sideways on long time period.

This is why it cant really be that avoided that people would really be having that kind of impression that it is really that it might the market might wont be making some huge rise ever once again.
Well, its a common approach and even myself when im still a newbie on which i do already have those doubts when it comes to this matter.
Trust and confidence? It would really be a main issue for most people because we cant really be that having that optimistic approach on everything.

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Quote from: Godlovesyou on May 11, 2023, 10:51:41 AM

The movement of price index has clearly show that the price will not rise this year, is almost half a year now since the price drops, this is far beyond inflation and fiscal policy of the government, I think bitcoin is suffering heavy weight withdrawals and it might end up been this Stuart for the year.

Out of 100% of international market chats bitcoin is beneath the range price counts of crude oil, gas, gold and diamond, that's means bitcoin is far from rising soon.
What do you think?

Bitcoin is a new thing, people are still confused about what instrument to categorize Bitcoin into, that's why many countries include Bitcoin in the virtual commodity category and it will never be the same as gold, oil or whatever you call it.

Bitcoin price movements occur because of market demand and there is little government intervention, but for commodities such as gold and oil, government interference or the politics of a country really influences it, for example when Russia and Ukraine started a war, gas and oil prices rose high because of politics, it really affects the price but unlike Bitcoin, Bitcoin is a decentralized asset which means it is almost impossible to manipulate it, regarding price volatility, that is the natural nature of Bitcoin, not due to manipulation by goverments or companies.

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Quote from: jasonjm on September 01, 2023, 11:29:31 PM

The market has been in correction phase since the last ATH, the phase might continue for the next few months. It is certain that the market will bounce back next year after BTC halving.

No one knows exactly when the market will recover. But as for BTC, after the last bottom at 15k this showed a nice doubling and now we can say correction. Halving 100% was the best moment for bitcoin growth, but it is unknown if the next halving will be like that. Maybe the growth will start next year, maybe the year after. But the bearish cycle in the market has been going on for a long time. Hopefully that will change soon.

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