Topic: The price of bitcoin may go bull soon (Read 914 times)
Hopefully, the big pumps in the prices are going to be happening by the end of the year or if not by new year so I can fully gain all the profits that I deserve by hodling my bitcoin for about a year now. I think that we still have to be really careful about this one though because it might be a big rug pull and we might end up losing our hard earned investments.
This guy is probably high. The trust built within Bitcoin isn't easily be erased and a 0$ price is impossible.
Currency failure have happened before and however if government around the world unite to fight bitcoin and label anyone still trading it as illegal and can be sued then rest assured the price will drop to $0. We never really know what the future of bitcoin will be and I want to enjoy it without doubt. So far countries in various part of the world are considering issuing their own cryptocurrency which is centralized under the auspice of bank. Bitcoin give us freedom because it is decentralized, but the government is constantly trying to make everything centralized including its own cryptocurrency.
Many people believe the bull run isn't expected to end at the time it did. And they believe there are some certain prices that Bitcoin should break before it becomes bearish again that it has not broken.
And another thing is that inasmuch their is no attack on cryptocurrency from the top World countries, the Bitcoin being bullish again is close to happening.
And another thing is that inasmuch their is no attack on cryptocurrency from the top World countries, the Bitcoin being bullish again is close to happening.
This guy is probably high. The trust built within Bitcoin isn't easily be erased and a 0$ price is impossible.
Currency failure have happened before and however if government around the world unite to fight bitcoin and label anyone still trading it as illegal and can be sued then rest assured the price will drop to $0. We never really know what the future of bitcoin will be and I want to enjoy it without doubt. So far countries in various part of the world are considering issuing their own cryptocurrency which is centralized under the auspice of bank. Bitcoin give us freedom because it is decentralized, but the government is constantly trying to make everything centralized including its own cryptocurrency.Actually, Bitcoin already in bull season, If you invest last year, or a couple of months ago you already rich. Bitcoin bull season already started in January and we will keep in bull season until the end of the year, if the scenario same, but if we meet the different scenario maybe we will see another result of Bitcoin and i believe the result will be positive
Of course everyone will regret not buying bitcoin when the price is cheap, but seeing the market trend that bitcoin has gone up by more than 29% in a week then I'm optimistic that a bull run will happen soon and maybe we will see bitcoin prices reach $50k in August
Despite what some might think, I do believe bitcoin will see another bull season. It's just that it will likely be a period where the price rebounds from around $1,000 to maybe $2,500. But then after that it'll keep trending toward $0.
This guy is probably high. The trust built within Bitcoin isn't easily be erased and a 0$ price is impossible.
Actually, Bitcoin already in bull season, If you invest last year, or a couple of months ago you already rich. Bitcoin bull season already started in January and we will keep in bull season until the end of the year, if the scenario same, but if we meet the different scenario maybe we will see another result of Bitcoin and i believe the result will be positive
Of course everyone will regret not buying bitcoin when the price is cheap, but seeing the market trend that bitcoin has gone up by more than 29% in a week then I'm optimistic that a bull run will happen soon and maybe we will see bitcoin prices reach $50k in August
many people say the same thing, bitcoin will continue to rise maybe will reach $50,000 more this week.
but some people are still indifferent to the current chart's bubbling growth, fearing it will fall again after they buy. without realizing they had missed the flight.
I also assume the same as some people say bitcoin will continue to rise, in fact I predict that bitcoin will reach faster above $ 50,000.
If we cross the 40k mark, and we keep the level for a while, I'll begin to believe again that ATH is within reach by the end of this year. 
That's proudhon. He's a time traveler. But the problem is that his time machine broke, so right now his mind got stuck in the past.
Despite what some might think, I do believe bitcoin will see another bull season. It's just that it will likely be a period where the price rebounds from around $1,000 to maybe $2,500. But then after that it'll keep trending toward $0.
Is this price in reference to bitcoin you are talking about mate? Prices are 30 times higher than thisThat's proudhon. He's a time traveler. But the problem is that his time machine broke, so right now his mind got stuck in the past.
I believe he is I don't know what chart he is looking at and on what year, the price is on the $40k and moving well we can consider this as the continuation of the bull trend, but he still looking at the lower price and still mentioning trending towards zero when it's actually the other way around.
Despite what some might think, I do believe bitcoin will see another bull season. It's just that it will likely be a period where the price rebounds from around $1,000 to maybe $2,500. But then after that it'll keep trending toward $0.
LOL! I can assure you that won't happen.
(Yup, my crystal ball confirms this)
If we cross the 40k mark, and we keep the level for a while, I'll begin to believe again that ATH is within reach by the end of this year.
That's proudhon. He's a time traveler. But the problem is that his time machine broke, so right now his mind got stuck in the past.
Despite what some might think, I do believe bitcoin will see another bull season. It's just that it will likely be a period where the price rebounds from around $1,000 to maybe $2,500. But then after that it'll keep trending toward $0.
Is this price in reference to bitcoin you are talking about mate? Prices are 30 times higher than thisThat's proudhon. He's a time traveler. But the problem is that his time machine broke, so right now his mind got stuck in the past.
Despite what some might think, I do believe bitcoin will see another bull season. It's just that it will likely be a period where the price rebounds from around $1,000 to maybe $2,500. But then after that it'll keep trending toward $0.
Is this price in reference to bitcoin you are talking about mate? Prices are 30 times higher than thisRight now. But the future for bitcoin is only lower prices.
I understand the happiness that this brings, we haven't seen the price this high in a while, and I can tell you I really do enjoy it a lot specially considering this month has been terrible for me financially, I normally do not sell my investments but may take out like 200-300 bucks out this upcoming month unfortunately, house had some troubles so I will be paying for that, which will be give or take 900 bucks, but I can pay it in monthly installments so 300 bucks each for 3 months, I hope that I will not need it for too long, august and September will be very hard months, but after that I will be doing mightily fine.
With this increase I may end up selling some because I know there is a chance it may go down, and that will cause me to lose more bitcoins for the same 300 bucks so I may end up selling some now, but I was also hoping to not touch them at all until I retire, so I am just postponing it to make sure I can just survive.
With this increase I may end up selling some because I know there is a chance it may go down, and that will cause me to lose more bitcoins for the same 300 bucks so I may end up selling some now, but I was also hoping to not touch them at all until I retire, so I am just postponing it to make sure I can just survive.
I don't think that we are still in the bull market now. But I respect the people who are thinking that way. I think that we already have entered the bear market. The big dump and the movements of the price also prove that, in my opinion. But I hope to see Bitcoin price starting to rise again and reach a new ATH as soon as possible.
I have the same feeling too, it feels like this is a trap or a reversal of some kind so I don't think that it's good to do a big move in the market since people are hyping the market and we know that with the hype, it's possible that we will end up with a rug pull at the end.I don't know what has caused the jump in price but are about to test the psychological barrier of $40k sooner or later, should price not have any resistance $45000 would be our price target for August.
Despite what some might think, I do believe bitcoin will see another bull season. It's just that it will likely be a period where the price rebounds from around $1,000 to maybe $2,500. But then after that it'll keep trending toward $0.
Is this price in reference to bitcoin you are talking about mate? Prices are 30 times higher than this
Despite what some might think, I do believe bitcoin will see another bull season. It's just that it will likely be a period where the price rebounds from around $1,000 to maybe $2,500. But then after that it'll keep trending toward $0.
I don't think that we are still in the bull market now. But I respect the people who are thinking that way. I think that we already have entered the bear market. The big dump and the movements of the price also prove that, in my opinion. But I hope to see Bitcoin price starting to rise again and reach a new ATH as soon as possible.
I have the same feeling too, it feels like this is a trap or a reversal of some kind so I don't think that it's good to do a big move in the market since people are hyping the market and we know that with the hype, it's possible that we will end up with a rug pull at the end.A reversal to the beginning will definitely look like someone who is controlling the market but I don't know what really happened, I think we can only follow the direction of the market and the rest we can judge which opportunities are good if the bullrun hasn't come yet.
I don't think that we are still in the bull market now. But I respect the people who are thinking that way. I think that we already have entered the bear market. The big dump and the movements of the price also prove that, in my opinion. But I hope to see Bitcoin price starting to rise again and reach a new ATH as soon as possible.
I have the same feeling too, it feels like this is a trap or a reversal of some kind so I don't think that it's good to do a big move in the market since people are hyping the market and we know that with the hype, it's possible that we will end up with a rug pull at the end. 
I don't think that we are still in the bull market now. But I respect the people who are thinking that way. I think that we already have entered the bear market. The big dump and the movements of the price also prove that, in my opinion. But I hope to see Bitcoin price starting to rise again and reach a new ATH as soon as possible.
We can hardly agree that we are still in a bear market after the sharp price drop in May. Today's sharp jump in prices is even a little surprising. Last night, the price of bitcoin was slightly above $ 34,000, and now it has risen to $ 38,174. Over the night it rose by almost $ 4,000. CoinMarketCap shows daily growth of bitcoin by 11 percent and weekly by 20 percent. Very good for a bearish period. At the same time, the price of ethereum rose to $ 2306 with a weekly gain of 22 percent. I wonder if this is a reaction to some positive news or is the market ready to grow further?I don't think that we are still in the bull market now. But I respect the people who are thinking that way. I think that we already have entered the bear market. The big dump and the movements of the price also prove that, in my opinion. But I hope to see Bitcoin price starting to rise again and reach a new ATH as soon as possible.
We can hardly agree that we are still in a bear market after the sharp price drop in May. Today's sharp jump in prices is even a little surprising. Last night, the price of bitcoin was slightly above $ 34,000, and now it has risen to $ 38,174. Over the night it rose by almost $ 4,000. CoinMarketCap shows daily growth of bitcoin by 11 percent and weekly by 20 percent. Very good for a bearish period. At the same time, the price of ethereum rose to $ 2306 with a weekly gain of 22 percent. I wonder if this is a reaction to some positive news or is the market ready to grow further?I don't think that we are still in the bull market now. But I respect the people who are thinking that way. I think that we already have entered the bear market. The big dump and the movements of the price also prove that, in my opinion. But I hope to see Bitcoin price starting to rise again and reach a new ATH as soon as possible.
We can hardly agree that we are still in a bear market after the sharp price drop in May. Today's sharp jump in prices is even a little surprising. Last night, the price of bitcoin was slightly above $ 34,000, and now it has risen to $ 38,174. Over the night it rose by almost $ 4,000. CoinMarketCap shows daily growth of bitcoin by 11 percent and weekly by 20 percent. Very good for a bearish period. At the same time, the price of ethereum rose to $ 2306 with a weekly gain of 22 percent. I wonder if this is a reaction to some positive news or is the market ready to grow further? 
This is not a certainty but a means bitcoin price can be predicted. Whales and many holders have sold bitcoin since February, the number of addreses holding 1000 bitcoin reduced by 10% till now, and data have revealed that whales have stopped selling because the numbers of addresses holding 1000 has not been decreasing unlike from February, also long-term bitcoin holders are no more selling like before, the rate of selling has slowed down. Miners have turned into accumulation again just like when such bull market was predicted last in March. Lastly what makes me think this can result to bull market is because institutions are still in high demand for bitcoin.
What is your say on this? As for me I think bitcoin price may likely still increase soon?
From the start of year 2021 until this present day I still believe that the bitcoin will reach 100k$, I believe that there is still enough time to rise and reach 100k$ many expert says that bitcoin will rise up to 100k$ before the year end but people doubt on it because of the massive drop of the bitcoin price up to 29k$ but now I think people change their mind again and believe on the expert speculation. Quote
https://cointelegraph.com/news/5-key-reasons-why-bitcoin-will-likely-see-new-all-time-highs-soon
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain
What is your say on this? As for me I think bitcoin price may likely still increase soon?
Of course, Bitcoin will be bullish, it is recovering little by little, in fact even in the Olympic games Bitcoin was present through the delegation of "El Salvador", which, BTC became Olympic!
Source: https://www.trustnodes.com/2021/07/24/bitcoin-represents-el-salvador-at-the-olympics
The fact that BTC has had this vision on a global level in a certain way has helped the market recovery, it is likely that many when they saw BTC have wondered what it is? as I do to obtain it, everything that is in pro-Bitcoin is a reason to help the growth of the currency.
Quote
For Italy they used pizza, for Norway salmon, for Haiti upheaval and for Ukraine they used Chernobyl.
The Olympic team from El Salvador was instead represented by bitcoin after the country declared the currency legal tender.
The Olympic team from El Salvador was instead represented by bitcoin after the country declared the currency legal tender.
Source: https://www.trustnodes.com/2021/07/24/bitcoin-represents-el-salvador-at-the-olympics
The fact that BTC has had this vision on a global level in a certain way has helped the market recovery, it is likely that many when they saw BTC have wondered what it is? as I do to obtain it, everything that is in pro-Bitcoin is a reason to help the growth of the currency.
I don't think that we are still in the bull market now. But I respect the people who are thinking that way. I think that we already have entered the bear market. The big dump and the movements of the price also prove that, in my opinion. But I hope to see Bitcoin price starting to rise again and reach a new ATH as soon as possible.
OP, you should edit your title. I guess you meant to write, "The reason..." right? Well, to the discussion at hand, I believe the bulls are already exhausted and getting ready for retirement so that the alts rally can set in. Just check the total market cap dominance and you will see that Bitcoin has been dropping since this month. I think its dominance stands at 54% now as against around 65% or so it was a few months ago. The more the dominance diminishes the more investors are transferring cash to buying alts. So, we're likely going to see alts surge in weeks to come from now.
you seems smart enough so did you manage to make money out of this dip 
This is not a certainty but a means bitcoin price can be predicted. Whales and many holders have sold bitcoin since February, the number of addreses holding 1000 bitcoin reduced by 10% till now, and data have revealed that whales have stopped selling because the numbers of addresses holding 1000 has not been decreasing unlike from February, also long-term bitcoin holders are no more selling like before, the rate of selling has slowed down. Miners have turned into accumulation again just like when such bull market was predicted last in March. Lastly what makes me think this can result to bull market is because institutions are still in high demand for bitcoin.
What is your say on this? As for me I think bitcoin price may likely still increase soon?
Quote
https://cointelegraph.com/news/5-key-reasons-why-bitcoin-will-likely-see-new-all-time-highs-soon
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain
What is your say on this? As for me I think bitcoin price may likely still increase soon?
If I have to think positively, bitcoin price could possibly reach another ATH when there's no circumstances that's going to exist this coming months. Though we experienced slight downturn, but this is a good signs that correction tried to build a strong momentum upon reaching another profitable value.
Day traders and dedicated holders remain stronger as time keeps ticking, so it's all worth it to keep our stand towards future profit gains.
This is not a certainty but a means bitcoin price can be predicted. Whales and many holders have sold bitcoin since February, the number of addreses holding 1000 bitcoin reduced by 10% till now, and data have revealed that whales have stopped selling because the numbers of addresses holding 1000 has not been decreasing unlike from February, also long-term bitcoin holders are no more selling like before, the rate of selling has slowed down. Miners have turned into accumulation again just like when such bull market was predicted last in March. Lastly what makes me think this can result to bull market is because institutions are still in high demand for bitcoin.
What is your say on this? As for me I think bitcoin price may likely still increase soon?
Based on my observation I agree that bitcoin will continue to rise soon. Because I see that the price is always rising, maybe 100k$ is posible at the last few months of the year 2021 this is my speculation base on my own sights or view with regards to the price and market situation and movement.Quote
https://cointelegraph.com/news/5-key-reasons-why-bitcoin-will-likely-see-new-all-time-highs-soon
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain
What is your say on this? As for me I think bitcoin price may likely still increase soon?
If we check on TA still it has a high chance to rise at $100k maybe we need to have a good hype coming from influencial people to help up bitcoin to rise back again, We are still at $55k based at the current price so people doesn't need to get panic and let this current pull up as great indicator that the bull is not yet done since for the past day many lost their money since they think the bear season is coming.
This is not a certainty but a means bitcoin price can be predicted. Whales and many holders have sold bitcoin since February, the number of addreses holding 1000 bitcoin reduced by 10% till now, and data have revealed that whales have stopped selling because the numbers of addresses holding 1000 has not been decreasing unlike from February, also long-term bitcoin holders are no more selling like before, the rate of selling has slowed down. Miners have turned into accumulation again just like when such bull market was predicted last in March. Lastly what makes me think this can result to bull market is because institutions are still in high demand for bitcoin.
What is your say on this? As for me I think bitcoin price may likely still increase soon?
Based on my observation I agree that bitcoin will continue to rise soon. Because I see that the price is always rising, maybe 100k$ is posible at the last few months of the year 2021 this is my speculation base on my own sights or view with regards to the price and market situation and movement. Quote
https://cointelegraph.com/news/5-key-reasons-why-bitcoin-will-likely-see-new-all-time-highs-soon
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain
What is your say on this? As for me I think bitcoin price may likely still increase soon?
Already anticipating for some bearish trend on next months to come, its a bit unusual for this run to be that long or shall we say that it isnt something similar back in the past.
For now im waiting up for that moment but it seems that the market is way too positive for me to wait up for possible dip or hard correction. Bitcoin is playing around 58k and 63k.
We dont know if we would eventually break 65k until goes to 70k which would really be that possible for this year if the said movement would continue in gradual phase.
Not sure if btc will be bearish next month. we can see from several events in the last few days, bitcoin shows a very strong trend, coupled with the coinbase listing on the Nasdaq makes bitcoin positions safer. if it is bearish, maybe it will only cause minor changes and the price will recover quickly, given that demand is still high.For now im waiting up for that moment but it seems that the market is way too positive for me to wait up for possible dip or hard correction. Bitcoin is playing around 58k and 63k.
We dont know if we would eventually break 65k until goes to 70k which would really be that possible for this year if the said movement would continue in gradual phase.
I think it will be more relevant if the speculation goes up to the $70k price level by the end of the month. if anything else happens related to bitcoin, for example a large institution or large corporation that starts accepting bitcoin, maybe $70k will be reached sooner
Where it will stop it is not sure but if we think about current price of bitcoin in the market, within some days bitcoin may cross the land mark of $100k. Price isn't suitable for us to buy but after some days, it will tough to buy a little amount. So we should enter the market right now.
No clear sign about the bear since even if certain bearish market hit btc easily recover so maybe let's assume that we can see more btc bullish market until the end of this month, but let see what performance could possibly bring up on next month since hopefully we can see it more aggressively pumping the same these days.
For now im waiting up for that moment but it seems that the market is way too positive for me to wait up for possible dip or hard correction. Bitcoin is playing around 58k and 63k.
We dont know if we would eventually break 65k until goes to 70k which would really be that possible for this year if the said movement would continue in gradual phase.
Well the momentum has put into hold for now as there are Bitcoin Crashes After Accident in Xinjiang, China Halts Mining Operation.
So no $65k-$70k this week, this explosion has affected the hash rate and obviously the price as there could be some investors who panic upon hearing this year. But we are still in the positive for this month, reaching new all time high.
China news again, this effect will only be temporary of course, maybe it's time for people to accumulate now as there's a minor crash, but this news is not huge enough to cause a dump or panic if investors will not only look at the price but on the reason of the dump as well.
Quote
Just another unexpected hiccup because of the news but we are still holding up around the $60k support levels.
This si the good news, we have $60k suppport and bitcoin is still at $62k now with only 2.38% drop per CMC.
Where it will stop it is not sure but if we think about current price of bitcoin in the market, within some days bitcoin may cross the land mark of $100k. Price isn't suitable for us to buy but after some days, it will tough to buy a little amount. So we should enter the market right now.
No clear sign about the bear since even if certain bearish market hit btc easily recover so maybe let's assume that we can see more btc bullish market until the end of this month, but let see what performance could possibly bring up on next month since hopefully we can see it more aggressively pumping the same these days.
For now im waiting up for that moment but it seems that the market is way too positive for me to wait up for possible dip or hard correction. Bitcoin is playing around 58k and 63k.
We dont know if we would eventually break 65k until goes to 70k which would really be that possible for this year if the said movement would continue in gradual phase.
Well the momentum has put into hold for now as there are Bitcoin Crashes After Accident in Xinjiang, China Halts Mining Operation.
So no $65k-$70k this week, this explosion has affected the hash rate and obviously the price as there could be some investors who panic upon hearing this year. But we are still in the positive for this month, reaching new all time high. Just another unexpected hiccup because of the news but we are still holding up around the $60k support levels.
Where it will stop it is not sure but if we think about current price of bitcoin in the market, within some days bitcoin may cross the land mark of $100k. Price isn't suitable for us to buy but after some days, it will tough to buy a little amount. So we should enter the market right now.
No clear sign about the bear since even if certain bearish market hit btc easily recover so maybe let's assume that we can see more btc bullish market until the end of this month, but let see what performance could possibly bring up on next month since hopefully we can see it more aggressively pumping the same these days.
For now im waiting up for that moment but it seems that the market is way too positive for me to wait up for possible dip or hard correction. Bitcoin is playing around 58k and 63k.
We dont know if we would eventually break 65k until goes to 70k which would really be that possible for this year if the said movement would continue in gradual phase.
we cant compare it from previous history as the market today is really different. top financial companies pouring their funds into this market and finally known companies like paypal and tesla integrating crypto in their system. and i believe, it is not yet stopping as more companies are trying to enter in crypto market, whether to buy their own BTC stash or include crypto in their payment system.
so am not seeing that we will go bearish soon. but are we happy about this progress? of course! we are now more than 60k level and only a matter of time before we reach the 70k mark
Where it will stop it is not sure but if we think about current price of bitcoin in the market, within some days bitcoin may cross the land mark of $100k. Price isn't suitable for us to buy but after some days, it will tough to buy a little amount. So we should enter the market right now.
No clear sign about the bear since even if certain bearish market hit btc easily recover so maybe let's assume that we can see more btc bullish market until the end of this month, but let see what performance could possibly bring up on next month since hopefully we can see it more aggressively pumping the same these days.
For now im waiting up for that moment but it seems that the market is way too positive for me to wait up for possible dip or hard correction. Bitcoin is playing around 58k and 63k.
We dont know if we would eventually break 65k until goes to 70k which would really be that possible for this year if the said movement would continue in gradual phase.
Where it will stop it is not sure but if we think about current price of bitcoin in the market, within some days bitcoin may cross the land mark of $100k. Price isn't suitable for us to buy but after some days, it will tough to buy a little amount. So we should enter the market right now.
No clear sign about the bear since even if certain bearish market hit btc easily recover so maybe let's assume that we can see more btc bullish market until the end of this month, but let see what performance could possibly bring up on next month since hopefully we can see it more aggressively pumping the same these days.
Where it will stop it is not sure but if we think about current price of bitcoin in the market, within some days bitcoin may cross the land mark of $100k. Price isn't suitable for us to buy but after some days, it will tough to buy a little amount. So we should enter the market right now.
Few weeks ago Bitcoin have reached all time high (approximately 61k us dollar). I think Bitcoin was already in bull. But we don't know what is the peak price and when will it happened.
bitcoin actually still running at the top, as you can see despite of what's happening in the market there are some changes. So this is definitely a sign that its not yet done on its journey after all. For me the only most scary part of this situation is when the correction go further coz for sure panic selling will be the ending. Like what always happened. There is an indicator that shows according to Glassnode that the selling pressure of Bitcoin has decreased:
In addition, this April 14, due to the exposure of Bitcoin on Wall Street, it is likely that we will see a possible uptrend, some say that it will be a day of great volatility and that it may fall in price, it is mere speculation, it exists in the market a strong institutional investment such as Mastercard, Visa, Bank of New York Mellon, Morgan Stanley, PayPal, Microestrategy, among others, this helps to have a better vision of Bitcoin, in addition to the great adoption by NFTs, which is currently In fashion, this trend may make a good impression and investors become more trust.
That is a wonderful chart, I have always seen these type of charts as useless most of the time (regular charts of crypto, not this type of chart exactly) because they show the most useless methods but this chart is different than regular trading charts, it shows how much people trust bitcoin. The lesser people there are selling or looking to sell means there are more people who think it will go up, that is why I think it is quite important that we realize we are doing great right now.Quote
The red bars in the chart above reflect higher transactional volume from holders’ wallets than to those who let the cryptocurrency sit ideal in their wallets. On the other hand, a green bar shows that more people prefer to hold bitcoin instead of transferring them to other addresses.
“Selling pressure is decreasing,” the analyst ruled out after studying the pattern.
“Taken at the face value this chart means compared to a month ago more coins have been added to LTH UTXO than have left them. I’d say this is bullish,” he added.
Source: newsbtc.com/news/bitcoin/bitcoin-selling-pressure-is-declining-hints-key-glassnode-indicator/“Selling pressure is decreasing,” the analyst ruled out after studying the pattern.
“Taken at the face value this chart means compared to a month ago more coins have been added to LTH UTXO than have left them. I’d say this is bullish,” he added.
In addition, this April 14, due to the exposure of Bitcoin on Wall Street, it is likely that we will see a possible uptrend, some say that it will be a day of great volatility and that it may fall in price, it is mere speculation, it exists in the market a strong institutional investment such as Mastercard, Visa, Bank of New York Mellon, Morgan Stanley, PayPal, Microestrategy, among others, this helps to have a better vision of Bitcoin, in addition to the great adoption by NFTs, which is currently In fashion, this trend may make a good impression and investors become more trust.
I know we have gone up super high during a period where it looked like there was a selling pressure, so people may assume that selling pressure may not be important, but the reality is that if we increased a lot during a period of selling pressure that means we will be going up even more if there is none. This is why this chart is very important and should be taken seriously.
It is indeed a good chart with a clear indication of what was to happen in the
coming days and weeks. Checking in on this a week later when Bitcoin has reached
over $64,000 it has remained true.
April is shaping up to be once again a very bullish month, lets see how this week
closes and onwards to next week....and beyond
Quote
“Bitcoin is looking strong at RSI 92. Still not above RSI 95 like 2017, 2013 and 2011 bull markets,” PlanB summarized.
“I calculated BTC price needed for RSI 95 at April close: $92K. Let’s see what the Coinbase IPO will do today.”
“I calculated BTC price needed for RSI 95 at April close: $92K. Let’s see what the Coinbase IPO will do today.”
Source: https://cointelegraph.com/news/bitcoin-can-hit-92k-in-april-and-still-not-match-bull-run-rsi-peaks-analyst
The position that Bitcoin takes globally is recognized, with new ATH has echoed the new news.
Sorry but do i missed something from the title?
Bitcoin Will Go Bull Soon?
Does Not this whole 2021 1st quarter wasn't a Bullrunning market specially for Bitcoin?
And now Yeah Bitcoin again make History breaking ATH over and Over again.
64,000$ above , so is this the 75,000$ run ? or the 100k Prayer of everyone that supports Bitcoin?
Bitcoin Will Go Bull Soon?
Does Not this whole 2021 1st quarter wasn't a Bullrunning market specially for Bitcoin?
And now Yeah Bitcoin again make History breaking ATH over and Over again.
64,000$ above , so is this the 75,000$ run ? or the 100k Prayer of everyone that supports Bitcoin?
Your right, nothing that can no be predicted, Bitcoin price can be predicted and at times the prediction entered accurately, because last bull market someone predict the exact price of Bitcoin which was the first step of the price in 2021, now it's not arguing matter that Bitcoin price will not rise again, definitely it will be times two of bull market that occur in previous months, everybody is aware that price of cryptocurrency never be stable and most especially Bitcoin never go down to the initial values of Bitcoin, so possibility for btc to keep on going up is there.
There is an indicator that shows according to Glassnode that the selling pressure of Bitcoin has decreased:
In addition, this April 14, due to the exposure of Bitcoin on Wall Street, it is likely that we will see a possible uptrend, some say that it will be a day of great volatility and that it may fall in price, it is mere speculation, it exists in the market a strong institutional investment such as Mastercard, Visa, Bank of New York Mellon, Morgan Stanley, PayPal, Microestrategy, among others, this helps to have a better vision of Bitcoin, in addition to the great adoption by NFTs, which is currently In fashion, this trend may make a good impression and investors become more trust.
That is a wonderful chart, I have always seen these type of charts as useless most of the time (regular charts of crypto, not this type of chart exactly) because they show the most useless methods but this chart is different than regular trading charts, it shows how much people trust bitcoin. The lesser people there are selling or looking to sell means there are more people who think it will go up, that is why I think it is quite important that we realize we are doing great right now.Quote
The red bars in the chart above reflect higher transactional volume from holders’ wallets than to those who let the cryptocurrency sit ideal in their wallets. On the other hand, a green bar shows that more people prefer to hold bitcoin instead of transferring them to other addresses.
“Selling pressure is decreasing,” the analyst ruled out after studying the pattern.
“Taken at the face value this chart means compared to a month ago more coins have been added to LTH UTXO than have left them. I’d say this is bullish,” he added.
Source: newsbtc.com/news/bitcoin/bitcoin-selling-pressure-is-declining-hints-key-glassnode-indicator/“Selling pressure is decreasing,” the analyst ruled out after studying the pattern.
“Taken at the face value this chart means compared to a month ago more coins have been added to LTH UTXO than have left them. I’d say this is bullish,” he added.
In addition, this April 14, due to the exposure of Bitcoin on Wall Street, it is likely that we will see a possible uptrend, some say that it will be a day of great volatility and that it may fall in price, it is mere speculation, it exists in the market a strong institutional investment such as Mastercard, Visa, Bank of New York Mellon, Morgan Stanley, PayPal, Microestrategy, among others, this helps to have a better vision of Bitcoin, in addition to the great adoption by NFTs, which is currently In fashion, this trend may make a good impression and investors become more trust.
I know we have gone up super high during a period where it looked like there was a selling pressure, so people may assume that selling pressure may not be important, but the reality is that if we increased a lot during a period of selling pressure that means we will be going up even more if there is none. This is why this chart is very important and should be taken seriously.
It is indeed a good chart with a clear indication of what was to happen in the
coming days and weeks. Checking in on this a week later when Bitcoin has reached
over $64,000 it has remained true.
April is shaping up to be once again a very bullish month, lets see how this week
closes and onwards to next week....and beyond
Well, Bitcoin is still sitting on the price of $60k after breaking the $57k-$59 resistance and it seems another resistance holding back Bitcoin once again before it makes a new ATH. We can see that the support wasn't strong enough for Bitcoin to push it further and we can tell on the 55$% dominance right now. But there are still a few positive news are coming out along with it institution is also now kept accumulating, so there's a possibility that Bitcoin will go further within this month.
What is your say on this? As for me I think bitcoin price may likely still increase soon?
yes the potential of btc still there , actually you can see its percentage in the graph and the possibilities when it gonna make good pump again, "still promising " not specific but still a sign of improvement soon or later. . Wherein even the current situation of it seems not yet done looking for new bottom, which in order to make a break out. For me in my opinion for sure some investors now were steady buying reason bitcoin is now keep holding the resistance.
it goes constantly bull but just really little by little
There is an indicator that shows according to Glassnode that the selling pressure of Bitcoin has decreased:
In addition, this April 14, due to the exposure of Bitcoin on Wall Street, it is likely that we will see a possible uptrend, some say that it will be a day of great volatility and that it may fall in price, it is mere speculation, it exists in the market a strong institutional investment such as Mastercard, Visa, Bank of New York Mellon, Morgan Stanley, PayPal, Microestrategy, among others, this helps to have a better vision of Bitcoin, in addition to the great adoption by NFTs, which is currently In fashion, this trend may make a good impression and investors become more trust.
That is a wonderful chart, I have always seen these type of charts as useless most of the time (regular charts of crypto, not this type of chart exactly) because they show the most useless methods but this chart is different than regular trading charts, it shows how much people trust bitcoin. The lesser people there are selling or looking to sell means there are more people who think it will go up, that is why I think it is quite important that we realize we are doing great right now.Quote
The red bars in the chart above reflect higher transactional volume from holders’ wallets than to those who let the cryptocurrency sit ideal in their wallets. On the other hand, a green bar shows that more people prefer to hold bitcoin instead of transferring them to other addresses.
“Selling pressure is decreasing,” the analyst ruled out after studying the pattern.
“Taken at the face value this chart means compared to a month ago more coins have been added to LTH UTXO than have left them. I’d say this is bullish,” he added.
Source: newsbtc.com/news/bitcoin/bitcoin-selling-pressure-is-declining-hints-key-glassnode-indicator/“Selling pressure is decreasing,” the analyst ruled out after studying the pattern.
“Taken at the face value this chart means compared to a month ago more coins have been added to LTH UTXO than have left them. I’d say this is bullish,” he added.
In addition, this April 14, due to the exposure of Bitcoin on Wall Street, it is likely that we will see a possible uptrend, some say that it will be a day of great volatility and that it may fall in price, it is mere speculation, it exists in the market a strong institutional investment such as Mastercard, Visa, Bank of New York Mellon, Morgan Stanley, PayPal, Microestrategy, among others, this helps to have a better vision of Bitcoin, in addition to the great adoption by NFTs, which is currently In fashion, this trend may make a good impression and investors become more trust.
I know we have gone up super high during a period where it looked like there was a selling pressure, so people may assume that selling pressure may not be important, but the reality is that if we increased a lot during a period of selling pressure that means we will be going up even more if there is none. This is why this chart is very important and should be taken seriously.
Few weeks ago Bitcoin have reached all time high (approximately 61k us dollar). I think Bitcoin was already in bull. But we don't know what is the peak price and when will it happened.
There is an indicator that shows according to Glassnode that the selling pressure of Bitcoin has decreased:
In addition, this April 14, due to the exposure of Bitcoin on Wall Street, it is likely that we will see a possible uptrend, some say that it will be a day of great volatility and that it may fall in price, it is mere speculation, it exists in the market a strong institutional investment such as Mastercard, Visa, Bank of New York Mellon, Morgan Stanley, PayPal, Microestrategy, among others, this helps to have a better vision of Bitcoin, in addition to the great adoption by NFTs, which is currently In fashion, this trend may make a good impression and investors become more trust.
Quote
The red bars in the chart above reflect higher transactional volume from holders’ wallets than to those who let the cryptocurrency sit ideal in their wallets. On the other hand, a green bar shows that more people prefer to hold bitcoin instead of transferring them to other addresses.
“Selling pressure is decreasing,” the analyst ruled out after studying the pattern.
“Taken at the face value this chart means compared to a month ago more coins have been added to LTH UTXO than have left them. I’d say this is bullish,” he added.
Source: newsbtc.com/news/bitcoin/bitcoin-selling-pressure-is-declining-hints-key-glassnode-indicator/“Selling pressure is decreasing,” the analyst ruled out after studying the pattern.
“Taken at the face value this chart means compared to a month ago more coins have been added to LTH UTXO than have left them. I’d say this is bullish,” he added.
In addition, this April 14, due to the exposure of Bitcoin on Wall Street, it is likely that we will see a possible uptrend, some say that it will be a day of great volatility and that it may fall in price, it is mere speculation, it exists in the market a strong institutional investment such as Mastercard, Visa, Bank of New York Mellon, Morgan Stanley, PayPal, Microestrategy, among others, this helps to have a better vision of Bitcoin, in addition to the great adoption by NFTs, which is currently In fashion, this trend may make a good impression and investors become more trust.
This is not a certainty but a means bitcoin price can be predicted. Whales and many holders have sold bitcoin since February, the number of addreses holding 1000 bitcoin reduced by 10% till now, and data have revealed that whales have stopped selling because the numbers of addresses holding 1000 has not been decreasing unlike from February, also long-term bitcoin holders are no more selling like before, the rate of selling has slowed down. Miners have turned into accumulation again just like when such bull market was predicted last in March. Lastly what makes me think this can result to bull market is because institutions are still in high demand for bitcoin.
This is not the first prediction that I have been seeing this month, there have been many of them and even those of them that are very wild and predicting price that are not possible we are going to be reaching this year. Institutions are steady buying, and to me institutional investments now seems like the normal thing because I don’t think these institutions are going to stop, we have achieved that level where institutions are now fully part of the cryptocurrency community/ market. Look at institutions like the Greyscale, we all know very well that they are now part of this community and they are going to be steady investing in Bitcoin for their clients, because that’s their business that they are into. Others won’t stop too.
The price is still fluctuating so far but if it is said the price will still continue to rise then of course, the hikes will still occur but not in the near future to create a new ATH. It's been almost a month since the price still can't hit its ATH but it doesn't matter because market sentiment isn't always good. I'm just going to keep waiting because it looks like if the increase is going to continue we will see new ATH every quarter, the price gain from increasing an adoption is tremendous and it is happening.
After the correction of the price of Bitcoin, it crossed $60k again, although now it is fluctuating between $56K to $60K, there is not a big drop. The big reason for this is that different countries of the world, financial institutions, business organizations have already accepted Bitcoin. The number of Bitcoin users is increasing. So I believe that with a small correction, Bitcoin will go a long way, which could go up to $100k by the end of this year.
I've read several predictions, there is a chance Bitcoin will go to $70k or even $100.
https://fortune.com/2021/03/17/the-ancient-mathematical-pattern-predicting-bitcoin-will-hit-70000/
https://www.nasdaq.com/articles/bitcoin-will-rise-above-%24100000-in-2021-2021-01-01
Is it 100 USD or 100K USD? I would add that when bitcoin gets in that price point, I am pretty sure that it will continue to grow until it reaches the 80k USD price point. https://fortune.com/2021/03/17/the-ancient-mathematical-pattern-predicting-bitcoin-will-hit-70000/
https://www.nasdaq.com/articles/bitcoin-will-rise-above-%24100000-in-2021-2021-01-01
I've read several predictions, there is a chance Bitcoin will go to $70k or even $100.
https://fortune.com/2021/03/17/the-ancient-mathematical-pattern-predicting-bitcoin-will-hit-70000/
https://www.nasdaq.com/articles/bitcoin-will-rise-above-%24100000-in-2021-2021-01-01
https://fortune.com/2021/03/17/the-ancient-mathematical-pattern-predicting-bitcoin-will-hit-70000/
https://www.nasdaq.com/articles/bitcoin-will-rise-above-%24100000-in-2021-2021-01-01
After a correction on the price of Bitcoin, it started to increase again and has reached $57k now. Bitcoin is actually still in a bull market but we just don't see another ATH yet. Altcoin season is going on for now and it doesn't seem like Bitcoin will reach a new ATH very soon.
This is not the right analysis about bitcoin. Bitcoin is trying to break the resistance between 58-60K and very soon it will be able to break it. Once this resistance is broken we will see a massive rally towards 75K or even more. Altcoin season may pause for a while as this happen as bitcoin dominance will increase at that time too.
We can see that Bitcoin prices are rise in the market a few days ago Bitcoin prices were low in the market and now it is seen that some people did not sell it because of the price of the coin in the market, their idea is that it will increase in the market and if it increases in the market, it will be seen that the investment is very high, so my idea that the price of Bitcoin will increase in the price of coins in the future
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What I think is that many people are now expecting that Bitcoin price will go up again. But I am still expecting a great correction on Bitcoin that might happen sometime soon. Be ready with that because once the correction is over then it will be a good time to invest in Bitcoin again. Then we will wait again for the next bull. Don't buy during the high price period. Wait for the correction before you invest. That strategy always work.
Bitcoin has a unique way of surprising everyone, while we anticipate a correction, the market react differently. I'm pretty sure we all have been waiting for that correction since bitcoin cross the $20k trading value which is one of the reason many enthusiast didn't buy any bitcoin and had to settle for alts when the train for bitcoin left them behind.
The market sentiment is bullish and this trend will continue for a very long time. All the news coming in are bullish and so are the institutional investors buying bitcoin daily. They're already seeing something we aren't seeing yet and their involvement in the industry would definitely have a positive impact in the long term.
It depends on soon how the bitcoin can break the resistance or not.
So far, the cycle will be always increasing after the down market. However, what is it bout now? Will BTC still continue increasing or it will keep there.
However, we may not be sure that commonly people are willing to sell their BTC because of panic buy. ANd away from it, we can see that Bitcoin probably will still have an increase. There are little bit differences. So far, I do believe that BTC can still increase before going to the next ATH again.
So far, the cycle will be always increasing after the down market. However, what is it bout now? Will BTC still continue increasing or it will keep there.
However, we may not be sure that commonly people are willing to sell their BTC because of panic buy. ANd away from it, we can see that Bitcoin probably will still have an increase. There are little bit differences. So far, I do believe that BTC can still increase before going to the next ATH again.
Simple put, bitcoin price is moving sideaway for at at least two months ago and until now the bull market still show the power. I mean, a day ago bitcoin fall from $58.000 to $56.000 just in one day but now as you can see the price movement just increase from $56.000 to $58.000 again this is mean there are so many entry point for choosing long entry at the lower price.
You may be right that most instutional investos are still holding their fund in bitcoin also this will make an interest to another instutional company to join and buy bitcoin for their investment place. Yeah, I still confident that bitcoin price is able to reach $100.000 even more at this year. I haven't seen a bull market like this time since four years ago.
You may be right that most instutional investos are still holding their fund in bitcoin also this will make an interest to another instutional company to join and buy bitcoin for their investment place. Yeah, I still confident that bitcoin price is able to reach $100.000 even more at this year. I haven't seen a bull market like this time since four years ago.
What I think is that many people are now expecting that Bitcoin price will go up again. But I am still expecting a great correction on Bitcoin that might happen sometime soon. Be ready with that because once the correction is over then it will be a good time to invest in Bitcoin again. Then we will wait again for the next bull. Don't buy during the high price period. Wait for the correction before you invest. That strategy always work.
something else to bear in mind, the U.S TAX deadline has been pushed out to May 17th.
Extended deadline
On March 17, the Treasury Department and Internal Revenue Service announced that the due date for individuals filing federal income taxes for the 2020 tax year has been extended to May 17.
Source: https://www.google.com/amp/s/amp.usatoday.com/amp/4840997001
Would this mean a lot of people are selling now to pay taxes and that after
May 17th we will see a surge in buying for the start of a new TAX year.
Is this a realistic scenario which could fuel the next phase of this bull cycle?
I believe some investors are already selling their investment probably not to miss the opportunity of their current profit because no one know when the market bearish will happen and according to what I read a lot of US government official seems to be after taxpayer fund in crypto investment.Extended deadline
On March 17, the Treasury Department and Internal Revenue Service announced that the due date for individuals filing federal income taxes for the 2020 tax year has been extended to May 17.
Source: https://www.google.com/amp/s/amp.usatoday.com/amp/4840997001
Would this mean a lot of people are selling now to pay taxes and that after
May 17th we will see a surge in buying for the start of a new TAX year.
Is this a realistic scenario which could fuel the next phase of this bull cycle?
Quote
A federal court in the District of Massachusetts entered an order authorizing the IRS to serve a John Doe summons, seeking information about U.S. taxpayers who conducted at least $20,000 worth of transactions on the platform of Boston-headquartered digital currency exchanger Circle.
There has been a lot of predictions and speculations concerning bitcoin price now and what is expected. It is highly expected that btc price breaks and exceeds the the current range it is dancing around currently.(58k-60k). Price movement is currently very slow, maybe in the coming days or weeks a tweet or news from an influential individual or company may positively catalyze the price upward into the 60-70k range, but for now we can just keep our fingers crossed and expect the best.
There are many reasons for Bitcoin to rise in price right now. Institutions, investment funds and banks have joined cryptocurrencies. Minner switched from selling the Bitcoins they mined to holding. The corrective waves are over and Bitcoin is bouncing quickly. I think Bitcoin's next target will be 70k and continue to move up to $ 100k by the end of the year.
That's right in which there are so many big companies and big people especially those famous people who invested in bitcoin and we can also conclude that these investments become one of the major factors why the bitcoin arise. Those big companies like PayPal and Tesla are investing and accepting bitcoin and it helps on the sudden surge of the bitcoin price in which it leads to bullish. Another thing is that the market correction in which it also affects the bullish of the bitcoin because whenever it is going down, the correction is still there.
There are many reasons for Bitcoin to rise in price right now. Institutions, investment funds and banks have joined cryptocurrencies. Minner switched from selling the Bitcoins they mined to holding. The corrective waves are over and Bitcoin is bouncing quickly. I think Bitcoin's next target will be 70k and continue to move up to $ 100k by the end of the year.
That's right in which there are so many big companies and big people especially those famous people who invested in bitcoin and we can also conclude that these investments become one of the major factors why the bitcoin arise. Those big companies like PayPal and Tesla are investing and accepting bitcoin and it helps on the sudden surge of the bitcoin price in which it leads to bullish. Another thing is that the market correction in which it also affects the bullish of the bitcoin because whenever it is going down, the correction is still there. After a correction on the price of Bitcoin, it started to increase again and has reached $57k now. Bitcoin is actually still in a bull market but we just don't see another ATH yet. Altcoin season is going on for now and it doesn't seem like Bitcoin will reach a new ATH very soon.
This is not the right analysis about bitcoin. Bitcoin is trying to break the resistance between 58-60K and very soon it will be able to break it. Once this resistance is broken we will see a massive rally towards 75K or even more. Altcoin season may pause for a while as this happen as bitcoin dominance will increase at that time too.
There are many people who think that bitcoin is the only way to reach their long term financial goals. They are buying the cryptocurrency in an attempt to avoid losing out on the gains of the first part of 2021. I can understand this thinking because the valuation of bitcoin has moved from $10k to $50k+. This is a fivefold increase!
When you decide to invest in a risky asset such as bitcoin, you might feel that it's too late. But the truth is that if you start now, there's a very good chance you'll still have a stake to sell when the price soars.
Anyone can choose to sell it coin whenever he/she wishes, this it nobody business..
There are many reasons for Bitcoin to rise in price right now. Institutions, investment funds and banks have joined cryptocurrencies. Minner switched from selling the Bitcoins they mined to holding. The corrective waves are over and Bitcoin is bouncing quickly. I think Bitcoin's next target will be 70k and continue to move up to $ 100k by the end of the year.
something else to bear in mind, the U.S TAX deadline has been pushed out to May 17th.
Extended deadline
On March 17, the Treasury Department and Internal Revenue Service announced that the due date for individuals filing federal income taxes for the 2020 tax year has been extended to May 17.
Source: https://www.google.com/amp/s/amp.usatoday.com/amp/4840997001
Would this mean a lot of people are selling now to pay taxes and that after
May 17th we will see a surge in buying for the start of a new TAX year.
Is this a realistic scenario which could fuel the next phase of this bull cycle?
Extended deadline
On March 17, the Treasury Department and Internal Revenue Service announced that the due date for individuals filing federal income taxes for the 2020 tax year has been extended to May 17.
Source: https://www.google.com/amp/s/amp.usatoday.com/amp/4840997001
Would this mean a lot of people are selling now to pay taxes and that after
May 17th we will see a surge in buying for the start of a new TAX year.
Is this a realistic scenario which could fuel the next phase of this bull cycle?
After a correction on the price of Bitcoin, it started to increase again and has reached $57k now. Bitcoin is actually still in a bull market but we just don't see another ATH yet. Altcoin season is going on for now and it doesn't seem like Bitcoin will reach a new ATH very soon.
I thought we reach already the very peak of this Bullish season for Bitcoin?
I was thinking now for possible dumps but just to look into that indicator, isn't over yet. But, I don't give the fullest expectation to that, it is just because I don't want to get disappointed just like having a feeling of last 2017 bullish ends. We are expecting a lot for that time but that all be gone when a drastic downfall comes next to it and many were not prepared for the said drops.
I keep believing that the market is really unpredictable and that neither thinks that it will happen even there is stable market demand. Or even they have shown it right twice.
I was thinking now for possible dumps but just to look into that indicator, isn't over yet. But, I don't give the fullest expectation to that, it is just because I don't want to get disappointed just like having a feeling of last 2017 bullish ends. We are expecting a lot for that time but that all be gone when a drastic downfall comes next to it and many were not prepared for the said drops.
I keep believing that the market is really unpredictable and that neither thinks that it will happen even there is stable market demand. Or even they have shown it right twice.
What made you think that it's the end? You haven't given any reason.
As far as I know, bull cycles end with a bang. We reach a certain point that is so overbought that people are just waiting for any sign of weakness to dump it all. They don't want to stay in 50/50. We could see that in 2013 and in 2018. The price was so overextended that when the selling begun there was almost no buy orders on the way down, just empty space into which people were selling, making the price go -30% in a matter of hours. For something like that to happen we'd go to 60 thousand and back to 40 in a day. We were very close to this in February, but since then we had a new high and a much smaller correction which is a bullish sign. I think that we might have another shot at a new high.
Bitcoin has been bullish for a long run already ever since it broke the expectation of people which is $20k and has gotten nearer to the $60k possible new all time high. As of speculations and predictions, many are indeed saying that another bull run may take place considering the demand of large institutions worldwide on bitcoin. This should already open up people's mind upon planning to buy and hold whilst waiting for the bull run to take place once again and hit another all time high. It might be risky knowing we can't really predict what would happen in the future specially when it comes to bitcoin.
Well, to the discussion at hand, I believe the bulls are already exhausted and getting ready for retirement so that the alts rally can set in. Just check the total market cap dominance and you will see that Bitcoin has been dropping since this month. I think its dominance stands at 54% now as against around 65% or so it was a few months ago. The more the dominance diminishes the more investors are transferring cash to buying alts. So, we're likely going to see alts surge in weeks to come from now.
You're right, BTC dominance has dropped to 53.8% and it is likely this drop will continue. But I do agree that more institutional attention and subsequently investment into BTC is helping with wider-adoption. As for alts, they have been on a rally for quite sometime. It is true that the window of opportunity is still open but who know how long for. Despite this, I'd like to point out that the crypto industry has grown massively in the past few months and that naturally leads to more attention from regulators, governments, and for profit- organisation - so, I say we're heading in the right direction
This is not a certainty but a means bitcoin price can be predicted. Whales and many holders have sold bitcoin since February, the number of addreses holding 1000 bitcoin reduced by 10% till now, and data have revealed that whales have stopped selling because the numbers of addresses holding 1000 has not been decreasing unlike from February, also long-term bitcoin holders are no more selling like before, the rate of selling has slowed down. Miners have turned into accumulation again just like when such bull market was predicted last in March. Lastly what makes me think this can result to bull market is because institutions are still in high demand for bitcoin.
What is your say on this? As for me I think bitcoin price may likely still increase soon?
Quote
https://cointelegraph.com/news/5-key-reasons-why-bitcoin-will-likely-see-new-all-time-highs-soon
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain
What is your say on this? As for me I think bitcoin price may likely still increase soon?
As you say the number of bitcoin addresses holding more than 1000 BTC has decreased lately, the bitcoin dominance has also decreased lately and the BTC volume also shows that there has been a sell off indicating the weak hands are gone. If bitcoin holds at the current price level then we might see a bull run soon as new traders buying bitcoin will start a bull run. I might be wrong but I believe this is how bitcoin will be starting a bull run towards 100k target.
We've seen another correction in the Bitcoin price and it went down to 55k dollars yesterday. I guess a big selling happened and it caused the correction. I also am waiting for another go-to-the-moon situation soon. We could see the price over 70k dollars, imo.
This is not a certainty but a means bitcoin price can be predicted. Whales and many holders have sold bitcoin since February, the number of addreses holding 1000 bitcoin reduced by 10% till now, and data have revealed that whales have stopped selling because the numbers of addresses holding 1000 has not been decreasing unlike from February, also long-term bitcoin holders are no more selling like before, the rate of selling has slowed down. Miners have turned into accumulation again just like when such bull market was predicted last in March. Lastly what makes me think this can result to bull market is because institutions are still in high demand for bitcoin.
What is your say on this? As for me I think bitcoin price may likely still increase soon?
There will be more and more same News this 2021 about the increase of Bitcoin because this is what they said a Bull Year and the Reflection of what happens in 2020 as the market really falls bad because of pandemic.Quote
https://cointelegraph.com/news/5-key-reasons-why-bitcoin-will-likely-see-new-all-time-highs-soon
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain
What is your say on this? As for me I think bitcoin price may likely still increase soon?
So i assume that there will be 100k $ target this year and might grow more if the trend continues.
look at the stable price of bitcoin from 56k-59 up to now.
In last month Bitcoin go slow for some reasons but recent Elson and Tesla declared to allow Bitcoin as a payment method. So it may enhance the admittance of Bitcoin to others and it has some likelihoods to go bull soon. While the market is short if anyone buys Bitcoin can formulate a profit hastily and the probabilities are high.
Those who hold it for the long-term will surely do well.
With the same opinion, I think the price of Bitcoin will increase over the next 5 years.I am trying to hoard Bitcoin for my long-term plan, hopefully I'll have good luck.
Everything can happen to Bitcoin, it can go up or down based on a rumor that no one can predict.
Ideally everyone should be cautious if they want to invest in the present time.
Ideally everyone should be cautious if they want to invest in the present time.
Phemex Exchange offers best user interface and customer support as online instant chat feature which is best in Market compared with other exchanges as needed Charts/BID/ASK prices etc.with Staking options available
But a lot of improvements needed to be a future platform as More Crypto Coins needs to be added in Spot/Contract
trading.
More Coins Staking with Fixed/Flexible options Needs to be added.
And Direct Bank transfers/Withdrawls need to supported for more Countries.
Hope Phemex do and improves and become future Trading Platform.
But a lot of improvements needed to be a future platform as More Crypto Coins needs to be added in Spot/Contract
trading.
More Coins Staking with Fixed/Flexible options Needs to be added.
And Direct Bank transfers/Withdrawls need to supported for more Countries.
Hope Phemex do and improves and become future Trading Platform.
If it is true the results of the research you have done, that whales have stopped selling Bitcoin now and there is still high demand for institutions
to buy Bitcoin. Of course I totally agree that the Bitcoin price will go up again, but the problem has been since the Bitcoin price hit ATH at $ 61k.
Then after that it experienced a correction, and until now Bitcoin has had a very hard time passing the resistance price at $ 60k. Even a few days
ago Bitcoin has managed to go up to the price of $ 59k, but now it's back down to the price of $ 57k again. So my prediction this April is the possibility
that Bitcoin will side away at a price of $ 56k - $ 59k. And provide the opportunity altcoins to pump.
to buy Bitcoin. Of course I totally agree that the Bitcoin price will go up again, but the problem has been since the Bitcoin price hit ATH at $ 61k.
Then after that it experienced a correction, and until now Bitcoin has had a very hard time passing the resistance price at $ 60k. Even a few days
ago Bitcoin has managed to go up to the price of $ 59k, but now it's back down to the price of $ 57k again. So my prediction this April is the possibility
that Bitcoin will side away at a price of $ 56k - $ 59k. And provide the opportunity altcoins to pump.
There have been big sell-offs both in February and March. These were timed to coincide
to trigger the short sellers on the futures trades markets.
I dont know about market movement indicators because I dont trade but if we simply
follow PlanB's STF chart we will be breaking up in the next week or two.
https://digitalik.net/btc/#
to trigger the short sellers on the futures trades markets.
I dont know about market movement indicators because I dont trade but if we simply
follow PlanB's STF chart we will be breaking up in the next week or two.
https://digitalik.net/btc/#
Still speculation but it's indeed a good mindset to continue holding your assets, there's always
a good chance that the market will continue to move forward, for sure big hloders are here to
attract more new investors, playing once in a while will give them enough time to make a good
entry, bringing more strong holders difinitely impacts the whole market.
Still we are not sure yet though.
Maybe 80k would be next ATH we will look upon soon?
I felt that a lot sold off previously actually especially when it liked plummeted back a bit below 50k.
Maybe 80k would be next ATH we will look upon soon?
I felt that a lot sold off previously actually especially when it liked plummeted back a bit below 50k.
Long-term/big-holder's are selling part of holdings, it's a normal practice, you don't expect them to hold to infinity do you?
If you can sell from your holdings, why won't they? They are humans with needs too
If you can sell from your holdings, why won't they? They are humans with needs too
I don't know if the prediction to hit $100k this year is real. What I know is everything seems possible to reach in due time. Assuming the target price this year is $100k, then the sideways are just temporary. The up trends may continue despite of the temporary pullback. Bitcoin is one of the best investment now that even institution are into it. Although risky, but the profit is much better than banks.I do believe we can witness new all time high again.
based on the analysis of many parties and supported by trading charts from the previous year bitcoin has an increase and is still potential, it's just how many percent of the increase in May cannot be predicted. whether it can experience a significant increase or only a few steps. we wait in May
This is not a certainty but a means bitcoin price can be predicted. Whales and many holders have sold bitcoin since February, the number of addreses holding 1000 bitcoin reduced by 10% till now, and data have revealed that whales have stopped selling because the numbers of addresses holding 1000 has not been decreasing unlike from February, also long-term bitcoin holders are no more selling like before, the rate of selling has slowed down. Miners have turned into accumulation again just like when such bull market was predicted last in March. Lastly what makes me think this can result to bull market is because institutions are still in high demand for bitcoin.
What is your say on this? As for me I think bitcoin price may likely still increase soon?
There are whales that spread out their bitcoin or any other coins in different wallet address, you know that right? They don't want to be holding 1000 bitcoin in one wallet and then unfortunately lose that only wallet. You can never know exactly who is holding how much bitcoin. And are you sure the volume of coins being held in a single wallet is actually a good way to predict the market? I don't think so. If that was the case, whales could easily manipulate the market by just messing with the volume of coins they hold on different wallet address. But who knows, you might be right. A bull market might be coming soon, but I wouldn't prefer that. At least not now. Quote
https://cointelegraph.com/news/5-key-reasons-why-bitcoin-will-likely-see-new-all-time-highs-soon
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain
What is your say on this? As for me I think bitcoin price may likely still increase soon?
There have been big sell-offs both in February and March. These were timed to coincide
to trigger the short sellers on the futures trades markets.
I dont know about market movement indicators because I dont trade but if we simply
follow PlanB's STF chart we will be breaking up in the next week or two.
https://digitalik.net/btc/#
to trigger the short sellers on the futures trades markets.
I dont know about market movement indicators because I dont trade but if we simply
follow PlanB's STF chart we will be breaking up in the next week or two.
https://digitalik.net/btc/#
instead of greedy money services I send to my friends bitcoin
Yeah and now even Bloomberg is saying $400k is possible this year. Not very common to see a traditional company going bigger than crypto companies like Gemini (who said that $150k IIRC)!
I don't think 400k will happen when it's already April now and 100k itself will be such a huge psychological milestone that will get a lot of people to sell instead of buying more.
I don't think 400k will happen when it's already April now and 100k itself will be such a huge psychological milestone that will get a lot of people to sell instead of buying more.
After being around for almost two years in cryptocurrency and this forum, I can say that we have seen several of this kind of statements. Despite the fact that bitcoin wallet movements in some quarter have reduced it doesn't stop the price from correcting down or go bullish going forward. The whale don't move bitcoin any how those that influence the price of bitcoin are the traders on the various exchanges.
I believed where in bull seasons now that's why we are very happy that finally had a break out by shattering new ATHs in the market and it's still pretty amazing accolades that bitcoin keeps growing stronger than few years back. The happiness cannot be contained that market is healthier than ever before, wherein holders and crypto enthusiasts are glad about it.
At this point,everyone on the crypto market expects the price to go up-The crypto whales,traders,miners,the average Bitcoin HODLer....
Everyone will be surprised,when the price won't be going up.The bullish expectations can turn pretty easily into bearish reality.At some point,the greed will turn into fear and a big part of the HODLers might start selling BTC,just to keep their profits from the previous bull runs.There's nothing wrong with that.Bitcoin is bullish in the long term,but there will always be a risk of bear markets in the short term.
Everyone will be surprised,when the price won't be going up.The bullish expectations can turn pretty easily into bearish reality.At some point,the greed will turn into fear and a big part of the HODLers might start selling BTC,just to keep their profits from the previous bull runs.There's nothing wrong with that.Bitcoin is bullish in the long term,but there will always be a risk of bear markets in the short term.
Whales and many holders have sold bitcoin since February,
You can not possibly know that.Quote
the number of addreses holding 1000 bitcoin reduced by 10% till now,
This means nothing because for starters addresses that have high balance usually belong to big services not individuals and secondly an individual can split their coins among multiple addresses instead of holding all of it in one address.Quote
and data have revealed that whales have stopped selling because the numbers of addresses holding 1000 has not been decreasing unlike from February,
Again addresses holding X number of bitcoin are not indication of anything. Not to mention that whales are active market participants and usually have a lot of bitcoins stored on exchanges not in a single address.Quote
Miners have turned into accumulation
Yet another baseless claim.Quote
What is your say on this? As for me I think bitcoin price may likely still increase soon?
A breakout is long overdue and we are indeed in an accumulation phase as the charts and the high daily volume suggests not because of what addresses hold how many coins. 
What is your say on this? As for me I think bitcoin price may likely still increase soon?
So patience is the key for majority of holders, and if ever there is a dip, buy at your convenience and just continue to accumulate or stack sats.
What could be a reason why a whale who 100% hold his coin up to the price of $60 sell their stash when he knows the price could go up to a staggering $100K because of the crisis happening today?
They sure had bought their coins again when the prices drop back and forth from $50 to $60k. Now that there's too few coins to juice out of the weakhands, its preparing to spike again.
What could be a reason why a whale who 100% hold his coin up to the price of $60 sell their stash when he knows the price could go up to a staggering $100K because of the crisis happening today?
They sure had bought their coins again when the prices drop back and forth from $50 to $60k. Now that there's too few coins to juice out of the weakhands, its preparing to spike again.
For those who missed out on the first bull, now is the time to buy. Speculators should do their due diligence and understand the risks. Yet those who are bullish, whether they are large or small speculators, or day traders or active holders, should continue to buy and hold.
Those who hold it for the long-term will surely do well.
For me, if you are aiming for the long term, I think that anytime is the best time to buy bitcoin but the quote above is also right, if you are ever planning to buy bitcoin, then the time is now. Those who hold it for the long-term will surely do well.
In that case, if whales really keep om holding their bitcoin. Then we will gonna expect another bull run again. At somehow, others predicted bitcoin to be bullish at $100,000 this year. Probably possible because we already reached new ATH at $60,000.
But then again, how long does this slow selling transactions of whales lasts? We can't predict their mind and so we don't know yet "when" they gonna sell their bitcoin.
But then again, how long does this slow selling transactions of whales lasts? We can't predict their mind and so we don't know yet "when" they gonna sell their bitcoin.
This is not a certainty but a means bitcoin price can be predicted.
The market is agnostics and you can not predict it.Quote
Whales and many holders have sold bitcoin since February, the number of addreses holding 1000 bitcoin reduced by 10% till now, and data have revealed that whales have stopped selling because the numbers of addresses holding 1000 has not been decreasing unlike from February, also long-term bitcoin holders are no more selling like before, the rate of selling has slowed down. Miners have turned into accumulation again just like when such bull market was predicted last in March.
Bitcoin is traded on hundreds of crypto exchanges and whales are not the only people who have bitcoin. The scarcity of bitcoin and positive thoughts of people with support from institutional investment and big capital help it rises more. Whales can split their bitcoin to 1000 BTC for each address or split it to x2 addresses with 500 BTC for each. The power is still in whales' hands.Quote
Lastly what makes me think this can result to bull market is because institutions are still in high demand for bitcoin.
I agree but they use their money to invest long term into bitcoin. It is not a reason that bitcoin may rise in this month or next month.Quote
https://cointelegraph.com/news/5-key-reasons-why-bitcoin-will-likely-see-new-all-time-highs-soon
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
The market beats you when patterns are failed and they are set up by whales. Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
I read about a bitcoin pi cycle indicator and in the past 2 bull markets (2013 and 2017) it was very accurate. It even managed to accurately point the top twice in 2013 (in Spring and Winter).
If it were to be correct once again we should have another big pump to a new high within 2 weeks, followed by a large correction. It's going to depend on whether the lines cross. THey're pretty close together now but it doesn't mean they will cross this week . I'm not going to sell if we pump a bit and the lines cross, but I'm going to watch this out of pure curiosity.
https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/
If it were to be correct once again we should have another big pump to a new high within 2 weeks, followed by a large correction. It's going to depend on whether the lines cross. THey're pretty close together now but it doesn't mean they will cross this week . I'm not going to sell if we pump a bit and the lines cross, but I'm going to watch this out of pure curiosity.
https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/
indeed we need indicators that can strengthen our belief to take action, including those of you who have used and believed it, of course very happy to be able to get a handle on at least an analysis that can be a measure of accuracy, even though the results may be different but indicators are still very much needed.
I actually see from the first and second halving which are always accurate, after the halving has passed a year later at the end of the year bitcoin will reach its best point, as you also said. 2020 is the third halving but at the end of 2020 bitcoin made an increase beyond the habit of halving, at that time it was estimated that the halving would be even earlier. but at the beginning of the year bitcoin did not experience any correction, even creating its newest ATH in a row. signifying that it wasn't a halving but an effect from @elonmusk.
so the end of this year it is expected that the halving will occur and you can imagine with the price of bitcoin now it is certain that the end of the year will be a tremendous increase.
I read about a bitcoin pi cycle indicator and in the past 2 bull markets (2013 and 2017) it was very accurate. It even managed to accurately point the top twice in 2013 (in Spring and Winter).
If it were to be correct once again we should have another big pump to a new high within 2 weeks, followed by a large correction. It's going to depend on whether the lines cross. THey're pretty close together now but it doesn't mean they will cross this week . I'm not going to sell if we pump a bit and the lines cross, but I'm going to watch this out of pure curiosity.
https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/
I thought we reach already the very peak of this Bullish season for Bitcoin? If it were to be correct once again we should have another big pump to a new high within 2 weeks, followed by a large correction. It's going to depend on whether the lines cross. THey're pretty close together now but it doesn't mean they will cross this week . I'm not going to sell if we pump a bit and the lines cross, but I'm going to watch this out of pure curiosity.
https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/
I was thinking now for possible dumps but just to look into that indicator, isn't over yet. But, I don't give the fullest expectation to that, it is just because I don't want to get disappointed just like having a feeling of last 2017 bullish ends. We are expecting a lot for that time but that all be gone when a drastic downfall comes next to it and many were not prepared for the said drops.
I keep believing that the market is really unpredictable and that neither thinks that it will happen even there is stable market demand. Or even they have shown it right twice.
I read about a bitcoin pi cycle indicator and in the past 2 bull markets (2013 and 2017) it was very accurate. It even managed to accurately point the top twice in 2013 (in Spring and Winter).
If it were to be correct once again we should have another big pump to a new high within 2 weeks, followed by a large correction. It's going to depend on whether the lines cross. THey're pretty close together now but it doesn't mean they will cross this week . I'm not going to sell if we pump a bit and the lines cross, but I'm going to watch this out of pure curiosity.
https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/
If it were to be correct once again we should have another big pump to a new high within 2 weeks, followed by a large correction. It's going to depend on whether the lines cross. THey're pretty close together now but it doesn't mean they will cross this week . I'm not going to sell if we pump a bit and the lines cross, but I'm going to watch this out of pure curiosity.
https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/
For those who missed out on the first bull, now is the time to buy. Speculators should do their due diligence and understand the risks. Yet those who are bullish, whether they are large or small speculators, or day traders or active holders, should continue to buy and hold.
Those who hold it for the long-term will surely do well.
Those who hold it for the long-term will surely do well.
Thanks for contributing but this thread will focus only on bitcoin. Do you think bitcoin will increase price soon due to the reasons above?
But I already answered your question, except you didn't decode it in the post I made above. Bitcoin price is coming down and that's indicated in the market dominance. Yes, institutions may be showing buying interest but that isn't enough to push price if the retail traders and pockets of hodlers aren't interested in doing same. I don't see Bitcoin price go above the $60,000 ATM until the altcoins have had their rally too. It's going to be a decline for Bitcoin going forward for a major correction. 
OP, you should edit your title. I guess you meant to write, "The reason..." right?
Than you for the correction, I have edited the title already. The more the dominance diminishes the more investors are transferring cash to buying alts. So, we're likely going to see alts surge in weeks to come from now.
Thanks for contributing but this thread will focus only on bitcoin. Do you think bitcoin will increase price soon due to the reasons above?
OP, you should edit your title. I guess you meant to write, "The reason..." right? Well, to the discussion at hand, I believe the bulls are already exhausted and getting ready for retirement so that the alts rally can set in. Just check the total market cap dominance and you will see that Bitcoin has been dropping since this month. I think its dominance stands at 54% now as against around 65% or so it was a few months ago. The more the dominance diminishes the more investors are transferring cash to buying alts. So, we're likely going to see alts surge in weeks to come from now.
This is not a certainty but a means bitcoin price can be predicted. Whales and many holders have sold bitcoin since February, the number of addreses holding 1000 bitcoin reduced by 10% till now, and data have revealed that whales have stopped selling because the numbers of addresses holding 1000 has not been decreasing unlike from February, also long-term bitcoin holders are no more selling like before, the rate of selling has slowed down. Miners have turned into accumulation again just like when such bull market was predicted last in March. Lastly what makes me think this can result to bull market is because institutions are still in high demand for bitcoin.
What is your say on this? As for me I think bitcoin price may likely still increase soon?
Quote
https://cointelegraph.com/news/5-key-reasons-why-bitcoin-will-likely-see-new-all-time-highs-soon
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain
Weekly ascending triangle close to a break
Since the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside.
If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain
What is your say on this? As for me I think bitcoin price may likely still increase soon?
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