What could be bitcoin next step lets discuss together - page 2.

Ryker1

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Quote from: Oasisman on January 07, 2021, 04:45:24 PM

Quote from: Imran232 on January 04, 2021, 03:39:53 AM

NOTE: Nobody knows if BTC take reversal form here any time 😂. (according to me, correction is very possible)

Well, correction is part of the bullrun's process, and that's inevitable. The price would experience a correction later on nobody knows when. As of the moment, Btc was just experiencing a short pullbacks, which kinda normal since there were people who are selling at the current price. But there are still more people who's entering the market, thus Bitcoin's price keeps on growing.

Well, that is right. In fact, -- we are on a healthy correction in the market.
It's normal that bitcoin will have a correction, that's a part of being volatile in the market. But you can determine the price of bitcoin depend on the news that you will hear, but so far bitcoin was gained too much attention to people and there are too many investors who adopt and hold bitcoin because they think that it is good for investment and a safe asset after all. However, what could be next is unknown, but if you will always listen to the news and update of bitcoin, you will always have an idea where the bitcoin price goes on.

Oasisman

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Quote from: Imran232 on January 04, 2021, 03:39:53 AM

NOTE: Nobody knows if BTC take reversal form here any time 😂. (according to me, correction is very possible)

Well, correction is part of the bullrun's process, and that's inevitable. The price would experience a correction later on nobody knows when. As of the moment, Btc was just experiencing a short pullbacks, which kinda normal since there were people who are selling at the current price. But there are still more people who's entering the market, thus Bitcoin's price keeps on growing.

South Park

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Quote from: Imran232 on January 04, 2021, 03:39:53 AM

This time to take correction BTC following parabolic pattern, Correction is good for Growth,

Before to next 50k RUN, accumulate BTC in DIP ( in parts)

Support at 29 - 30k, 25k & 23k.

NOTE: Nobody knows if BTC take reversal form here any time 😂. (according to me, correction is very possible)

Now you can share you discussion about this topic

Bitcoin is now very close to the 40k level, we will see if this level proves to be a challenge but personally I think we are going to see a repetition of what we saw with the 30k level in which bitcoin just went past it as if it was not there, the 50k level seems to me as the place where the action will be, the bears will defend that level and if they fail I see bitcoin reaching 100k during the first or second quarter of this year as the pandemic despite the vaccine is still out of control.

nelson4lov

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Since we're all here to discuss Bitcoin's next move, I have added a bitcoin 4HR chart below, It gives an overview of what's currently happening with BTC in the market.

From the chart above, we can see that Bitcoin achieved a new all time high today of about $39,730 and it's up over 11%+ today alone. Why the chart looks pretty straightforward, a quick look at the RSI indicator at the bottom tells us that Bitcoin is currently overbought and for those who don't know, $40K feels like a psychological price for Bitcoin and a lot of people are on the lookout for that price level. We might see a correction or even further pump to $45,000 extending to $50,000 or even more.

One thing we should keep in mind is that, where bitcoin is at the moment is an uncharted water so I advice thread carefully as we try to predict Bitcoin's next price movement.

kamadazje

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As what I notice, there is always a correction to the market before it will create a stunning increase of it's price again. But as what I notice to bitcoin price movement as of this moment, this is not normal meaning the increase is pretty impressive and the correction is very less then it will increase pretty high again.

If there are corrections before hitting the 50k run, it will hit your prediction if in case the correction will go that bad but if not then buying the dip at 30k - 33k will be better.

fullhdpixel

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Quote from: crzy on January 05, 2021, 06:55:45 PM

Correction will happen, but of course it wont go down deeper same as before, I expect $20k to be the stronger support so be ready for that moment and make sure to have your buying power. Bitcoin may hit another peak at $35k but it wont last longer on that level, correction is about to begin slowly and deeply.

This price correction is what everyone's waiting for because this is the time to purchase bitcoin at its low price. New investors would really love to accumulate more bitcoins so they can make huge profits from it once its price grows up again reaching another heights.

People do not even wait for correction anymore, they jump in anytime it looks like it is going down, it doesn't even go down that much and stay there anymore. Biggest example is that 27k fall we had, from 34k to 27k we went down hard, and that was a very difficult fall as well and required tens of thousands of bitcoin to be sold all at the same time, something that would have hurt the market a ton just a year ago, you know what happened?

We skyrocketed back to 31k very very quickly, without any hesitation at all, it took like maybe half an hour at most, and it broke over 35k later on as well. So as you can see, from now on people are buying every single drop, doesn't matter how big or small, as soon as price goes a bit down, it will always recover back. I don't know how long this will continue, but I am happy about it right now and I hope it will go on for a long time.

pragna

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Quote from: Imran232 on January 04, 2021, 03:39:53 AM

This time to take correction BTC following parabolic pattern, Correction is good for Growth,

Before to next 50k RUN, accumulate BTC in DIP ( in parts)

Support at 29 - 30k, 25k & 23k.

NOTE: Nobody knows if BTC take reversal form here any time 😂. (according to me, correction is very possible)

Now you can share you discussion about this topic

I think at this point no body will give accurate ans Grin

. Everything may happen from this level. Some one says price will again will go for dump as BTC going with bull run and some are saying it will continue its path. But in my opinion its will depend on news, atmosphere and acceptance from big economy country. So let's wait for next step.

thanks.

crzy

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Correction will happen, but of course it wont go down deeper same as before, I expect $20k to be the stronger support so be ready for that moment and make sure to have your buying power. Bitcoin may hit another peak at $35k but it wont last longer on that level, correction is about to begin slowly and deeply.

milewilda

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Quote from: Imran232 on January 04, 2021, 03:39:53 AM

This time to take correction BTC following parabolic pattern, Correction is good for Growth,
Before to next 50k RUN, accumulate BTC in DIP ( in parts)
Support at 29 - 30k, 25k & 23k.
NOTE: Nobody knows if BTC take reversal form here any time 😂. (according to me, correction is very possible)
Now you can share you discussion about this topic

When it comes to entry or positioning then you would really be needing some basis and analysis on where those possible entry points on where you can place up your own position.
For those who had able to plot out about 29k price support and did able to buy up on that time then they are already making money as of this moment. Price is starting to break
35k at the moment and lets see if it would able to breach out or would fail out just like on what happened when we are trying to break that 30k resistance or it would be just
similar on where passing this resistance without any effort.It all goes to the demand itself and its still bullish at the moment.I dont see any crash possibilities anytime soon
but well, we should always be prepared because crash can happen in an instant.

sheenshane

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Quote from: CryptoLogo on January 05, 2021, 12:58:58 PM

I have no idea how Bitcoin can move to $ 50,000 without correction, but I perfectly understand that this is quite likely.
If only because it will create a grandiose fomo comparable to 2017-2018, because everyone is afraid to buy bitcoin now because they are waiting for a correction. It will be fun.

Everyone has been expected about the short correction of Bitcoin price, if you are a long-time holder of Bitcoin, you will understand how the Bitcoin price will move and what to do next after surging the price in the market. There's always a correction and after that, it will bounce back again with a healthy market resistance. I have doubt about this short correction that was made by whales trying to manipulate the market or just a natural movement of Bitcoin, who knows.

What could be the next step of the Bitcoin price? Still unpredictable, no one knows what will happen in the future.

Kupid002

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Quote from: CryptoLogo on January 05, 2021, 12:58:58 PM

I have no idea how Bitcoin can move to $ 50,000 without correction, but I perfectly understand that this is quite likely.
If only because it will create a grandiose fomo comparable to 2017-2018, because everyone is afraid to buy bitcoin now because they are waiting for a correction. It will be fun.

There is always a correction happen even after breaking the 20k mark we see large movement like -10% correction. The only thing iwant to see is a big correction before going 50k since its needed to test the support before it can continue to grow or increase its price . 20-30% correction is enough for me to confirm that BTC will continue its trend to go up.

blockman

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Quote from: CryptoLogo on January 05, 2021, 12:58:58 PM

I have no idea how Bitcoin can move to $ 50,000 without correction, but I perfectly understand that this is quite likely.

Corrections are needed for bitcoin to move up to $50k and to $100k. We have seen one within the quickest time yesterday and we've seen it $29k. That is the type of correction that we need and now it's backing up again to $33k. With this kind of scene and pattern, it's very likely to see $50k first soon.

Quote from: CryptoLogo on January 05, 2021, 12:58:58 PM

If only because it will create a grandiose fomo comparable to 2017-2018, because everyone is afraid to buy bitcoin now because they are waiting for a correction. It will be fun.

Not the institutions, they keep buying.

CryptoLogo

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I have no idea how Bitcoin can move to $ 50,000 without correction, but I perfectly understand that this is quite likely.
If only because it will create a grandiose fomo comparable to 2017-2018, because everyone is afraid to buy bitcoin now because they are waiting for a correction. It will be fun.

el kaka22

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I believe it will not go under 23k, not anytime soon at least, there are tons of people who expect that but I do not expect anything like that at all. However I do expect the price to be down time to time, not a crash but drops here and there time to time, that would be more about corrections and the corrections could get bigger as well. For example a 20% fall at 100k levels would be 20 thousand dollars, nearly the all time high we just broken, all of it will be just "correction" so people may get more shocked.

It was around 7k this time around for example, we were 7k AS A WHOLE at the start of 2020, we had a 7k "correction" at the start of 2021. So, there will be some corrections but you have to be ready that when price goes higher and higher, the amount of correction will be bigger and bigger, do not think they are crash just because the number is big.

zanezane

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I have a buy order in $20k and $18k I don't have that big hope that it will hit before bitcoin go for $50k but it's worth a try bitcoin is unpredictable. We expect bitcoin to pump big time but not this fast, we haven't had a big correction since it breaks out of the $20k mark, bitcoin exceeds my expectation, to say the least. Now that we see how bitcoins price pumps it is easy to assume that $50k is secured this year IMO.

If the pumps that is fueled by companies continues, then the 50k market price point is a secured price. We still have to watch out though, bitcoin is still as volatile as it was back then, putting everything expecting it will grow will be a bad move unless you want to become homeless.

GreatArkansas

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I also think there will be a correction, but I do not think it will decrease to $ 20k.
(....)

This is the most awaited of majority, the correction, so they will start to hop in..
Some correction may be a huge red wick, just like what happened yesterday which we saw a lot of long positions got liquidated for the drop to around $28,000, but we saw the price back again above $30,000.
I am looking forward for Bitcoin to pullback or stays neutral.

YOSHIE

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Quote from: Imran232 on January 04, 2021, 03:39:53 AM

Now you can share you discussion about this topic

Everyone wants to have the best for themselves, of course if you have stored some Bitcoin in the past until now, everyone currently both on the forum and outside the forum is talking about Bitcoin for the future and the next, $40k, $50k and there is mentioning up to $100k to come, everyone feels confident that Bitcoin will have good value in the future and will change lives for humankind in the world.

The bottom line: you must have current Bitcoin deposits for the future, otherwise your discussion is useless.

maydna

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The price will be up and down every day. I already saw what happen yesterday, and I try to trade in bitmex Grin

I feel that yesterday more interesting because the price moves fast and can make your heart beat faster than usual. This situation still has not predicted where and when the bitcoin price will increase, and if you want to buy and sell bitcoin, I suggest you not to do scalping trading because it will confuse you to determine the entry and exit trading. But it is okay if you want to try your skills, so you can know if right now is a good time for you to make a profit or need more time to enter the market.

BigBoy89

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IMO after the current hype ends, Bitcoin will start lurking in the $25k - $35k range for a couple of months. Then it could explode to $50k+.

Yet, nobody knows, not even when will be the current peak.

blockman

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Yes, we're all waiting for that small correction for bitcoin. And that's the awaited correction that we're waiting for. With this, it will be no doubt taking over $40k soon and then gonna cross to $50k.
We're now having a correction, dominance has decreased for bitcoin and increased for altcoins. Accumulation should be done by those who don't want to miss the next wave upwards for bitcoin.

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