What happen to bitcoin price? - page 2.

elisabetheva

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Quote from: mrjoy15 on May 07, 2021, 02:30:41 AM

Bitcoin have been testifying to break $58k couple of times, but it won't happen simply. But, yes in the long term it will break 60k until then let's enjoy some alt profits. Now, it's good time to build your BTC portfolio. At this point genuine alt are bouncing back in the game but sideways market are frustrating to watch.

What happens with bitcoin certainly makes altcoins move freely and bitcoin does not interfere with what altcoin will do to be able to move up. The correction of bitcoin and the stability of bitcoin will allow altcoins to at least be able to break away to get a chance to increase.

let altcoins increase because it is needed for many projects to develop properly when later on the exchange and bitcoin starts to increase again. there are many opportunities for altcoins to increase and the time available is quite long until the end of this year.

let the bounty also enjoy this change, because so that everything related to crypto can all get results

SquallLeonhart

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Quote from: cryptomaniac_xxx on May 08, 2021, 10:54:45 PM

Quote from: Silberman on May 03, 2021, 12:44:13 PM

The price of bitcoin right now is at 58k, I do not think that is what I would call struggling, now I know there was a significant correction some days ago but the price immediately recovered, people need to learn how to relax otherwise they are never going to make it in this market, if you have the goal to become an investor then you need to realize that most of your money is going to be made not when you make an amazing movement to try to earn more money but just by waiting.

Perhaps what he/she meant is that the price is not going on parabolic rise.

And so we should understand that sometimes we will have to go to correction phase, a healthy one so that we could go and enter when the price goes down. I agree that being a bitcoin investor, we really need to realised that it is more than just waiting for the price to go up. You need to be mentally strong as well and wait for a while to get huge profits.

That is definitely correct. There are way too many people who expects coins to go up constantly without ever going down, but the reality is that we are not going to see it go up all the time, sometimes it will go down and that is just normal, but some people just do not realize that. So in the end, we have a lot of people who are sad about bitcoin sometimes dropping but they do not realize that we can't always go up and that this is a healthy correction and it allows us to get rid of the sell pressure.

This is why it is definitely something that will help us in the end, let it crash time to time, not too much of course but just enough like it has happened recently, I do not like to see drops bigger than 33%, so as long as it is less than that it means we could actually have a good recovery and it is actually a good price to buy there and add to your wallet as well.

cryptomaniac_xxx

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Quote from: Silberman on May 03, 2021, 12:44:13 PM

Quote from: Ararbermas on May 03, 2021, 12:59:50 AM

Bitcoin really struggling on this point because when i saw the graph the price now slide down to 58k within weeks.. Just imagine from 60k and now thats the current price.. I don't know if this is already the new support of bitcoin because still makes a long fluctuation than strong uptrend.. This seems gradually losing strength in my opinion.. Unless if it shows a high trend again within this week wherein perhaps there is a potential to go back to the ATH again.

The price of bitcoin right now is at 58k, I do not think that is what I would call struggling, now I know there was a significant correction some days ago but the price immediately recovered, people need to learn how to relax otherwise they are never going to make it in this market, if you have the goal to become an investor then you need to realize that most of your money is going to be made not when you make an amazing movement to try to earn more money but just by waiting.

Perhaps what he/she meant is that the price is not going on parabolic rise.

And so we should understand that sometimes we will have to go to correction phase, a healthy one so that we could go and enter when the price goes down. I agree that being a bitcoin investor, we really need to realised that it is more than just waiting for the price to go up. You need to be mentally strong as well and wait for a while to get huge profits.

mrjoy15

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Quote from: ningrum on May 05, 2021, 05:24:27 PM

Quote from: globalpain on May 04, 2021, 06:44:19 PM

Quote from: famososMuertos on May 03, 2021, 06:51:18 PM

Although that title of this post is valid daily...

However I wrote it elsewhere, keep calm stay orange, enjoy the Alts like someone who goes to carnivals in brazil and returns safely to his house. There are many ALts in disguise, bitcoin is without masks, the price shows it, below $ 50k, close to $ 60 and among its normal volatility makes us to dream in the short term with a new ATH, so nothing happens...

more and more people dream of bitcoin above $ 70k of course there will be times when it is hard to happen,
because psychological resistance is priced at $ 70k, if you can get past $ 70k maybe $ 100k can also be reached,
it is very confusing to see the price of Bitcoin go up and down in these days, is this sideways? or the price is in a bearish trend?

not in a bearish trend, this time Bitcoin is experiencing a sideways or accumulation stage,
because it is still stuck in the $ 52k to $ 58k area, and look at the $ 58k resistance is still very hard to break,
and this is good news for altcoins, because if Bitcoin is sideways space for altcoins will be wide open, yup altcoin season starts soon baby!

Bitcoin have been testifying to break $58k couple of times, but it won't happen simply. But, yes in the long term it will break 60k until then let's enjoy some alt profits. Now, it's good time to build your BTC portfolio. At this point genuine alt are bouncing back in the game but sideways market are frustrating to watch.

LUCKMCFLY

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The price of BItcoin has gained a better price little by little, between yesterday and yesterday it has gained 2% making traders and investors reduce their concern a bit, although the volume is quite representative I think that now there is still some insecurity. For many, when the altcoins some have gained up to 20%, the dominance has dropped to 42%, but I think it is not representative because at any time according to PlanB according to the S2F model we are about to start the second cycle that is looking for the $ 288k, the end of the first cycle will occur when it reaches $ 100k.

Some companies like Squeare are winning thanks to Bitcoin, this is positive as their profits increased by 2.5 making BTC revenue 1000% in 1 year.

According to Jack Dorsey, CEO of Square said:

Quote

“Our focus, first and foremost, is on enabling [...] Bitcoin to be the native currency. It removes a bunch of friction for our business. And we believe fully that it creates more opportunities for economic empowerment around the world.”

Source: https://cointelegraph.com/news/square-s-earnings-2-5x-expectations-bitcoin-revenue-up-1000-in-12-months

ningrum

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Quote from: globalpain on May 04, 2021, 06:44:19 PM

Quote from: famososMuertos on May 03, 2021, 06:51:18 PM

Although that title of this post is valid daily...

However I wrote it elsewhere, keep calm stay orange, enjoy the Alts like someone who goes to carnivals in brazil and returns safely to his house. There are many ALts in disguise, bitcoin is without masks, the price shows it, below $ 50k, close to $ 60 and among its normal volatility makes us to dream in the short term with a new ATH, so nothing happens...

more and more people dream of bitcoin above $ 70k of course there will be times when it is hard to happen,
because psychological resistance is priced at $ 70k, if you can get past $ 70k maybe $ 100k can also be reached,
it is very confusing to see the price of Bitcoin go up and down in these days, is this sideways? or the price is in a bearish trend?

not in a bearish trend, this time Bitcoin is experiencing a sideways or accumulation stage,
because it is still stuck in the $ 52k to $ 58k area, and look at the $ 58k resistance is still very hard to break,
and this is good news for altcoins, because if Bitcoin is sideways space for altcoins will be wide open, yup altcoin season starts soon baby!

Taskford

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Quote from: globalpain on May 04, 2021, 06:44:19 PM

Quote from: famososMuertos on May 03, 2021, 06:51:18 PM

Although that title of this post is valid daily...

However I wrote it elsewhere, keep calm stay orange, enjoy the Alts like someone who goes to carnivals in brazil and returns safely to his house. There are many ALts in disguise, bitcoin is without masks, the price shows it, below $ 50k, close to $ 60 and among its normal volatility makes us to dream in the short term with a new ATH, so nothing happens...

more and more people dream of bitcoin above $ 70k of course there will be times when it is hard to happen,

People keep looking forward to see that because if the bitcoin price reach that we can see so many hodlers earning a decent amount of cash on their bags also for reaching that far we might see bitcoin will be possibly the content of the news so expect more people want to see this since it brings positive effect to us bitcoin users.

Although its hard to happen by now but there's no impossible since bitcoin always breaks those what we think impossible.

ice098

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Quote from: dunfida on May 03, 2021, 04:59:37 PM

No one knows.! Its really hard to make out sentiments if you do know that this market is something that you cant just point out on where the price could possibly go.
and thinking with all the possible factors that could affect such price movement behavior.We do always end up on having the same questions all over about on where it could possibly be heading
on next minute,hour or day but eventually this do talk about demand or adoption which would dictate neither we would go up or down.
Volatility is no surprise because it would really be just always like this.

Precisely, no one knows exactly what is really happening on the cryptomarket because no one has a control over it.
All of what we have know about the fluctuations of bitcoin price especially the sudden dipped of bitcoin exchange rate the past few days which led to an exact exchange rate below $50k was just a price correction.
In which in fact, this price corrections are just a natural phenemona of cryptomarket, it only shows the imbalances of supply and demand of the token.

elisabetheva

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Quote from: globalpain on May 04, 2021, 06:44:19 PM

more and more people dream of bitcoin above $ 70k of course there will be times when it is hard to happen,
because psychological resistance is priced at $ 70k, if you can get past $ 70k maybe $ 100k can also be reached,
it is very confusing to see the price of Bitcoin go up and down in these days, is this sideways? or the price is in a bearish trend?

Bitcoin's behavior has indeed been seen from the end of last year to deviate from the prevailing habits, but for some people this is the right time to do daily trading, because with up and down movements that always occur, the price difference can be used for day trading.
many enjoy it, although bitcoin is still a great long-term investment.

I agree with your opinion, many are expecting an increase of up to $ 70K, which is a crucial number of bitcoin, when it will continue to move to provide renewable ATH continuously. later there will be more corrections but it won't go below $ 60K.
continue bitcoin will do that until the end of the year, at which time bitoin will increase at a fantastic price.

LUCKMCFLY

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I´m not one of those who believe that market prices fall when there is a news item that is political or of little relevance, for me the only way that markets fall is with a "Fundamental", since the market does not react instantly when there is a News.

In this case there is news that the media is saying that it is very likely that it has fallen a little, not only the bitcoin market but the stock market as well:

Bitcoin, Stocks Crash After Janet Yellen’s Statements of a Possible Rise in US Interest Rates

Quote

Reactions to Yellen’s words did not take long to follow. The cryptocurrency market fell from nearly $2.3 trillion to $2.1 trillion in two hours. After a slight recovery, it is currently in the $2.2 trillion zone.

Quote

Bitcoin dropped back below $55K, losing $3500 in 6 hours, putting it once again below the 50-period EMA —which could signal bull fatigue— and canceling out the gains of the last 5 days.

Source: https://cryptopotato.com/bitcoin-stocks-crash-janet-yellen-staments-rise-us-interest-rates/

I think that it may be a mere chance, and that it coincides with a simple market correction, it is normal and it may be this merely speculative correction.

STT

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53500 is area I heard called out as fairly critical, Iam just observing that it has stayed consistently below a 12hr average for 18 hours now. Thats quite an adjustment from the top, I dont think its resolved in either direction yet clearly there are still holes in the price allowing fallbacks.

53321 the low a few hours ago, we just made a slightly higher low then that which could be some positive to take and an easy point to observe as to wider direction and positive or negativity in pricing. Generally any fight forms higher lows as part of that and we have had only negative action looks to me just recently. The more dangerous part of this is if we put in a lower higher on a much more important time frame like a daily bar.

globalpain

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Quote from: famososMuertos on May 03, 2021, 06:51:18 PM

Although that title of this post is valid daily...

However I wrote it elsewhere, keep calm stay orange, enjoy the Alts like someone who goes to carnivals in brazil and returns safely to his house. There are many ALts in disguise, bitcoin is without masks, the price shows it, below $ 50k, close to $ 60 and among its normal volatility makes us to dream in the short term with a new ATH, so nothing happens...

more and more people dream of bitcoin above $ 70k of course there will be times when it is hard to happen,
because psychological resistance is priced at $ 70k, if you can get past $ 70k maybe $ 100k can also be reached,
it is very confusing to see the price of Bitcoin go up and down in these days, is this sideways? or the price is in a bearish trend?

beerlover

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Quote from: LUCKMCFLY on May 03, 2021, 09:17:56 PM

For now the price is oscillating between $ 54k and $ 55k, some are accumulating in the correction, it is a good strategy but mainly the bulls are making a special effort to lift the price to at least $ 64k and possibly generate a new ATH, the volume of Trading is good, a good rally is likely to take place

Yeah, healthy volume across exchanges must be the good thing to have right now. It seems investors and traders are too busy with some of the altcoins which might be the reason why we are having bitcoin markets into stagnant state right now. After recovering from $47k levels toward $58.8k seemed promising to get us another ATH but market somewhat lagged with enough buyers to push forward as it was failed to breach 30days moving average.

Now after consolidating around $53 levels, I guess there could be enough power to break the resistances $59 to $61k levels to open door for $70k which may be possible by end of this week.

LUCKMCFLY

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For now the price is oscillating between $ 54k and $ 55k, some are accumulating in the correction, it is a good strategy but mainly the bulls are making a special effort to lift the price to at least $ 64k and possibly generate a new ATH, the volume of Trading is good, a good rally is likely to take place, this analysis gives us a short-term focus:

Quote

Bitcoin has bounced off the 20-day exponential moving average ($55,915) today, suggesting that bulls are accumulating on dips. The buyers will now try to push the price to the $61,825.84 to $64,849.27 overhead resistance zone.

Source: https://cointelegraph.com/news/price-analysis-5-3-btc-eth-bnb-xrp-doge-ada-dot-uni-ltc-bch

Ideally, it does not reach a price of $ 50k to $ 52k because it is more difficult for the bulls to knock down the entire offer, what is sought is that a liquidity pool can be generated as in $ 58k so that the market has more solidity.

famososMuertos

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Although that title of this post is valid daily...

However I wrote it elsewhere, keep calm stay orange, enjoy the Alts like someone who goes to carnivals in brazil and returns safely to his house. There are many ALts in disguise, bitcoin is without masks, the price shows it, below $ 50k, close to $ 60 and among its normal volatility makes us to dream in the short term with a new ATH, so nothing happens...

STT

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We looking to make a bearish pin candle today which doesnt have to matter by itself but it just means retraction from a price for some reason. Puts us in danger of peeping over the top of something important like 50 day and a few other moving averages then moving right back under again which seems to indicate doubts are in play and we need to revise prices further at a lower point then here.
Its not properly bearish till we form something more definite over the week, hesitation for now.

dunfida

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No one knows.! Its really hard to make out sentiments if you do know that this market is something that you cant just point out on where the price could possibly go.
and thinking with all the possible factors that could affect such price movement behavior.We do always end up on having the same questions all over about on where it could possibly be heading
on next minute,hour or day but eventually this do talk about demand or adoption which would dictate neither we would go up or down.
Volatility is no surprise because it would really be just always like this.

suzanne5223

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Quote from: Silberman on May 03, 2021, 12:44:13 PM

Quote from: Ararbermas on May 03, 2021, 12:59:50 AM

Bitcoin really struggling on this point because when i saw the graph the price now slide down to 58k within weeks.. Just imagine from 60k and now thats the current price.. I don't know if this is already the new support of bitcoin because still makes a long fluctuation than strong uptrend.. This seems gradually losing strength in my opinion.. Unless if it shows a high trend again within this week wherein perhaps there is a potential to go back to the ATH again.

The price of bitcoin right now is at 58k, I do not think that is what I would call struggling, now I know there was a significant correction some days ago but the price immediately recovered, people need to learn how to relax otherwise they are never going to make it in this market, if you have the goal to become an investor then you need to realize that most of your money is going to be made not when you make an amazing movement to try to earn more money but just by waiting.

You are right and I have said it in one of my posts that people need to fall in love with the project technology while they ignore the thought making money through their investment before they can be a successful investor.
I believe the reason why she considers the market to be struggling is that the market is not experiencing a pump in price like some weeks ago.

Roidz92

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Quote from: Roidz on May 03, 2021, 12:59:20 PM

Quote from: fadhilz123 on May 01, 2021, 07:28:49 PM

I don't know why? You are a hero member rank it means you already in this forum for a long time, but your comment and act like a newbie, like a panic people?? Seriously bro, you should not worry about that because Bitcoin will recover as soon as possible. Everything you see the price of bitcoin dump massively, don't miss to buy

panic is a natural thing for humans so we don't need to be related to the rank of someone on this forum, maybe there are certain reasons that make him panic and we don't know what the reason is but for sure every bitcoin market is experiencing a correction tenti will provide an opportunity to some people buy bitcoin at a cheap price, because basically the price of Bitcoin depends on the balance of supply and demand (market law), when bitcoin gets a lot of demand, the price will go up, Vice versa, if supply is high while demand is low then the price will go down, so when a price correction occurs many people are competing to buy bitcoin and it will automatically push the bitcoin price back to the top.

wow, i see that my stolen account that i created 5 years ago that you actually own is still active. Good to see. Cheers.

Roidz

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Quote from: fadhilz123 on May 01, 2021, 07:28:49 PM

I don't know why? You are a hero member rank it means you already in this forum for a long time, but your comment and act like a newbie, like a panic people?? Seriously bro, you should not worry about that because Bitcoin will recover as soon as possible. Everything you see the price of bitcoin dump massively, don't miss to buy

panic is a natural thing for humans so we don't need to be related to the rank of someone on this forum, maybe there are certain reasons that make him panic and we don't know what the reason is but for sure every bitcoin market is experiencing a correction tenti will provide an opportunity to some people buy bitcoin at a cheap price, because basically the price of Bitcoin depends on the balance of supply and demand (market law), when bitcoin gets a lot of demand, the price will go up, Vice versa, if supply is high while demand is low then the price will go down, so when a price correction occurs many people are competing to buy bitcoin and it will automatically push the bitcoin price back to the top.

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