Another new price just surface now in the market that is making hodlers to believe that this year will be full of bull run because, the price has hit $53k and the green light is still displaying which it can cause the bull run to reach $60k which is many hodlers target before they can sell.
Based on the information I gathered this morning from the BTC experts, show that the price of BTC will reach $100k before the end of this year and, we have seen what is happening in this month of february which is the evidence of what will happen in the future.
Topic: What is just happened on the Bitcoin Market? (Read 572 times)
I think that's not the only reason that many people should look at it because over time a Bitcoin ETF has also been approved and the effect on Bitcoin itself has also been quite obvious to date. You can see how the price increases and corrections that arise in Bitcoin at this time are quite clear evidence that Bitcoin is always easier to get improvements in the market. Meanwhile, altcoins are just assets that follow market trends and flows, which basically don't need to be relied on as much as most people who rely on Bitcoin completely.
When Bitcoin ETF got approved it didn't affect the price of Bitcoin instantly but the price was falling and it was because many people have already bought ahead of the news of the event then they started taking profits after the news got announced which cause the price of Bitcoin to fall but the price of Bitcoin after some days has been rising to the price of more than $50,000. News has impact on the market because the market is a very speculative market filled with alot of amateurs that don't understand market but are only making decisions based on what the news is saying. When there's a bearish news they react in a bearish way and if Bitcoin is bearish, the whole market gets bearish and this is how Bitcoin affects altcoins.
I don't think we have to keep wondering every day what is happening in the market because whether we like it or not, it has been behaving this way since before. We experienced an uptrend today and in the next couple of days, it possibly be a downtrend as well.
We just think about the volatility of the market and make ourselves aware of the situation that Bitcoin is so popular now that the government hates it. We are not just talking about the SEC but so many factors affecting the price of Bitcoin. However, Bitcoin had already established strong support for the community which keeps the price high. Yes, it dumps but it recovers.
We just think about the volatility of the market and make ourselves aware of the situation that Bitcoin is so popular now that the government hates it. We are not just talking about the SEC but so many factors affecting the price of Bitcoin. However, Bitcoin had already established strong support for the community which keeps the price high. Yes, it dumps but it recovers.
I think Bitcoin will be affected by the news, while altcoins will be more seriously affected. The thing to pay attention to is that when Bitcoin experiences problems, altcoins will experience more problems.
So our eyes must always pay attention to the market.
of course the news of Bitcoin ETF's rejection was the main cause.
I think that's not the only reason that many people should look at it because over time a Bitcoin ETF has also been approved and the effect on Bitcoin itself has also been quite obvious to date. You can see how the price increases and corrections that arise in Bitcoin at this time are quite clear evidence that Bitcoin is always easier to get improvements in the market. Meanwhile, altcoins are just assets that follow market trends and flows, which basically don't need to be relied on as much as most people who rely on Bitcoin completely.So our eyes must always pay attention to the market.
of course the news of Bitcoin ETF's rejection was the main cause.
I understand your point and am not surprised why altcoin tend to be affected by bitcoin price changes. Bullish Bitcoin indicates the market will be bullish, followed by the altcoin market and vice versa. Bitcoin ETFs can obviously influence the market, money flowing in and out will have an impact on bitcoin's market capitalization. You can get facts based on data, this is something that has a correlation.
By the way, bitcoin is testing the $52k resistance again after a correction a few hours ago. The $51k support seems safe until today's market close, but I'm not really sure $52k will be held until the change of date.
I think Bitcoin will be affected by the news, while altcoins will be more seriously affected. The thing to pay attention to is that when Bitcoin experiences problems, altcoins will experience more problems.
So our eyes must always pay attention to the market.
of course the news of Bitcoin ETF's rejection was the main cause.
I think that's not the only reason that many people should look at it because over time a Bitcoin ETF has also been approved and the effect on Bitcoin itself has also been quite obvious to date. You can see how the price increases and corrections that arise in Bitcoin at this time are quite clear evidence that Bitcoin is always easier to get improvements in the market. Meanwhile, altcoins are just assets that follow market trends and flows, which basically don't need to be relied on as much as most people who rely on Bitcoin completely. So our eyes must always pay attention to the market.
of course the news of Bitcoin ETF's rejection was the main cause.
I think Bitcoin will be affected by the news, while altcoins will be more seriously affected. The thing to pay attention to is that when Bitcoin experiences problems, altcoins will experience more problems.
So our eyes must always pay attention to the market.
of course the news of Bitcoin ETF's rejection was the main cause.
Bitcoin will certainly always be influenced by news that appears in all media, especially social media, if there is news that is directly connected to developments in banking and the world economy. Likewise with the news about ETF, of course, but now ETFs have been approved and have had a positive impact on Bitcoin. Apart from the ETF itself, in just a few days it has earned so much Bitcoin, and this will continue; of course, it will have a good impact.I think you are right. If there is news that affects Bitcoin, it is certain that altcoins will also be affected, even more so than Bitcoin itself.It is indeed an unwritten but real law in crypto that Bitcoin is the king of crypto and will always make a good or bad contribution to other coins. So our eyes must always pay attention to the market.
of course the news of Bitcoin ETF's rejection was the main cause.
Until now, the Bitcoin ETF issue is still the main factor, Bitcoin being very aggressive, one day it can fall up to 8%, then the next day it has risen again.
This can make people panic a bit.
We're just overly reactive about what's happening to bitcoin, the current movement of the price happens all the time but at smaller amounts so we don't care about that too much for a good reason and that is because bitcoin has always been volatile and it's only only continue to be like that until the end of time, it's nothing to be scared about because that would mean that bitcoin is doing fine and that it's going to go up in prices like it used to so to the people that's still panicking, don't do it and just stay put, distract yourself with things that's going to help you improve yourself and distract you from constantly changing bitcoin price. This can make people panic a bit.
I think Bitcoin will be affected by the news, while altcoins will be more seriously affected. The thing to pay attention to is that when Bitcoin experiences problems, altcoins will experience more problems.
So our eyes must always pay attention to the market.
of course the news of Bitcoin ETF's rejection was the main cause.
So our eyes must always pay attention to the market.
of course the news of Bitcoin ETF's rejection was the main cause.
Until now, the Bitcoin ETF issue is still the main factor, Bitcoin being very aggressive, one day it can fall up to 8%, then the next day it has risen again.
This can make people panic a bit.
This can make people panic a bit.
You need to understand that the initial controversy about the SEC ETF Twitter account being hacked before the approval of the spot Bitcoin ETFs was one of the reasons why there hasn't been a fast rise in the price of Bitcoin and to me; I see it that the United States SEC did it on purpose because had it been they just blown it to air and the price records a significant rise I believe most investors would have been so desperate to sell off their coin at that high price thereby the price may also start dipping.
The fluctuations in the price of Bitcoin even before ETF approval was obvious but it isn't gonna stay longer before the price will start to skyrocket again so all what we ought to do now is to be patient and hodl the coins we have in our portfolio, if possible acquire more now that the price is dipping because there's actually gonna be a huge increase in the price of Bitcoin after the halving.
Yes there are still lot of confusion as people were expecting for a massive pump post SEC's approval of ETF but we have definitely seen pump and fluctuation but not at the scale at which people were expecting which may populate some doubt of insecurity in people's mind leading to a negative thought about a possible correction but we need to stay calm and shouldn't make any decision in hassle as I have seen people selling off when BTC hit back $40K but it only pumped back from that number. It's time to be more cautious than ever and avoid fuds.
Bitcoin was around $45K to $45.5K for the whole day, but it started going down for the last two hours. Bitcoin just touched $40.7K, and now it's around $42K again. I was trying to figure out what had just happened. Bitcoin lost $3K in two hours and alts are now bleeding. There are several negative news just popped up and some of them are
* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF
Which one could be reason of such movement?
Recently there have been so much of news around the movement of Bitcoin and other activities around Bitcoin and this has all contributed a lot to the current movements seen in the market so it's either of all of the above which you have mentioned, but then after all these events been anticipated around Bitcoin must have taken place, definitely Bitcoin will maintain some stability around a certain price range . I'd you would want to get in on Bitcoin now envisage more of a bullish movement, and wait for good entries so you will be able to make good profit from the next market movement.* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF
Which one could be reason of such movement?
Until now, the Bitcoin ETF issue is still the main factor, Bitcoin being very aggressive, one day it can fall up to 8%, then the next day it has risen again.
This can make people panic a bit.
This can make people panic a bit.
You need to understand that the initial controversy about the SEC ETF Twitter account being hacked before the approval of the spot Bitcoin ETFs was one of the reasons why there hasn't been a fast rise in the price of Bitcoin and to me; I see it that the United States SEC did it on purpose because had it been they just blown it to air and the price records a significant rise I believe most investors would have been so desperate to sell off their coin at that high price thereby the price may also start dipping.
The fluctuations in the price of Bitcoin even before ETF approval was obvious but it isn't gonna stay longer before the price will start to skyrocket again so all what we ought to do now is to be patient and hodl the coins we have in our portfolio, if possible acquire more now that the price is dipping because there's actually gonna be a huge increase in the price of Bitcoin after the halving.
Until now, the Bitcoin ETF issue is still the main factor, Bitcoin being very aggressive, one day it can fall up to 8%, then the next day it has risen again.
This can make people panic a bit.
This can make people panic a bit.
Speculation is what is happening at all times, it is not really a new idea and I think it should not be really used as a big deal, we just need to make sure that we are dealing with something that has to be fine, and we are about there give or take. I get that it is not really easy to handle all these ups and downs for many people, but that just doesn't mean that we are going to end up with anything big or small.
I hope that we could end up with something that has to be all that great, it just means that we are going to end up with a bigger issue. I hope that people could realize that volatility is just a natural part of the deal, and that should not be all that crazy, we just need to realize it is not that much of a big deal.
I hope that we could end up with something that has to be all that great, it just means that we are going to end up with a bigger issue. I hope that people could realize that volatility is just a natural part of the deal, and that should not be all that crazy, we just need to realize it is not that much of a big deal.
Which one could be reason of such movement?
These momentary dips that don't last a day or two shouldn't be anything anyone will worry their head on. It's normal. Investors take profit from time to time. It's not a big deal. Many of us who hodl a sizeable proportion of various alts also do what Bitcoin whales do. So, we should know the game and not feel shocked when such happens. For me, I think it's neither of all the factors you listed that caused that dip. Ok, now that it's back to $46k+ what do we attribute it to? Truth is that if there's manipulation, the evidence is a huge dump and not the momentary $2k-$3k dip.I don't see a dip though, prices goes to $46k right now due to this news about approval of Bitcoin Spot ETF. But if we talk about the earlier dip from $45k then to $42k, it is speculated that there could be entities manipulating the price and obviously making millions again.
But that is just pure speculation as we don't know if there are whales willing to do that or can actually move the price as the market grows big already. But in any case, we bounce back again, showing resiliency as we are inching about a news of approval in the next coming days pushing the price to $46k-$47k or even higher if it is indeed a very positive news next week.
But, the price hardly gain an amount for us to say that it was only a correction that happened lately. I am sorry but I think can believe more to those reasons the @OP had listed. It's only nice to see that we are still seeing a quick recovery despite of it. There is no real pump yet that occurred in Bitcoin but the highest pump achieved in the crypto market was from Solana. If you only said that Solana hodlers are dumping their coins, then that is more believable. And why will the Bitcoin hodlers sell when they are also aware that the halving is now close? They can just buy more in fact and wait a little more, in order to gain a massive profit.
Real pump of Bitcoin or not we just need to see how Bitcoin moves. The Solana hype is great, but the hype about a Bitcoin ETF will be even greater. We are still waiting for the spot ETF announcement next month and that will be the next Bitcoin bullish determinant. Now there is a correction but it is still quite normal and whoever can survive will get back their profits because Bitcoin will continue to a new ATH.I believe that the best thing we could do at this moment would be just letting it be a bit more calmed down and just hope that the price stays as good as it gets. If we can get the ETF that is lovely, I would love to see that, but that doesn't mean that we should be tied to it.
I disagree on this, we should not deny that the recent recovery and increase in bitcoin price is not related to ETF news. Although we still don't have the final result on whether the SEC will approve an ETF or not, in the past 2 months, positive news about ETFs has been the main reason for bitcoin's price increase and we should not deny that. Whether there are ETFs or not, bitcoin will continue to grow and develop stronger, but I have to admit that the ETF is a pretty good catalyst for bitcoin's growth.
Which one could be reason of such movement?
These momentary dips that don't last a day or two shouldn't be anything anyone will worry their head on. It's normal. Investors take profit from time to time. It's not a big deal. Many of us who hodl a sizeable proportion of various alts also do what Bitcoin whales do. So, we should know the game and not feel shocked when such happens. For me, I think it's neither of all the factors you listed that caused that dip. Ok, now that it's back to $46k+ what do we attribute it to? Truth is that if there's manipulation, the evidence is a huge dump and not the momentary $2k-$3k dip. Their is always speculation concerning bitcoin, whenever Bitcoin is approaching to good heights of price, the thing is that the price of bitcoin always approach high and low and what's makes the price to increase to such is because of the demands and when the demands is higher than the supply the price rise up unexpectedly, so the price is not stable and it may rise today and tomorrow it may fall that's the nature of cryptocurrency especially bitcoin
There is indeed always speculation because bitcoin is a highly speculative asset, without it we may not be able to see it's volatility. So yeah all is natural and the market is healthy when we see huge pumps and dumps, there's nothing much to worry about.
Also, these speculations were a product of technical and fundamental analysis. If there is a sudden noticeable movement in bitcoin's price, it will always have a corresponding news or some speculative reason as to why the market sentiments suddenly shifts. Understanding the market is quite complicated and you might need several tools to be up to date with the latest forecast.
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The ETF decision is only a reference, like it or not we have to wait for it and the effect on the ETF decision will affect the price of bitcoin. even though it is not bound, this will have quite fatal short-term effects if it is always postponed, let alone rejected. But we'll see how ETFs react over the next month. Wishing all the best for Bitcoin.I'm also waiting for a decision - but whatever it is, basically it won't influence me to sell bitcoin as soon as possible. Day traders can take advantage of this momentum to gain profits - while holders have to stay longer with their respective targets.
ETF seems to be a great hype I agree with that, but it could be for nothing as well and that does scare me a bit. As you can see, we bottomed at 15k and went to near 45k levels without ETF, but the potential of it was always there, if it gets rejected then we are going to see a big drop in the price or there is a possibility of it. That is the part that scares me the most and I do not think that I really want to see that happening at any given moment.
I believe that the best thing we could do at this moment would be just letting it be a bit more calmed down and just hope that the price stays as good as it gets. If we can get the ETF that is lovely, I would love to see that, but that doesn't mean that we should be tied to it.
The ETF decision is only a reference, like it or not we have to wait for it and the effect on the ETF decision will affect the price of bitcoin. even though it is not bound, this will have quite fatal short-term effects if it is always postponed, let alone rejected. But we'll see how ETFs react over the next month. Wishing all the best for Bitcoin. I believe that the best thing we could do at this moment would be just letting it be a bit more calmed down and just hope that the price stays as good as it gets. If we can get the ETF that is lovely, I would love to see that, but that doesn't mean that we should be tied to it.
But, the price hardly gain an amount for us to say that it was only a correction that happened lately. I am sorry but I think can believe more to those reasons the @OP had listed. It's only nice to see that we are still seeing a quick recovery despite of it. There is no real pump yet that occurred in Bitcoin but the highest pump achieved in the crypto market was from Solana. If you only said that Solana hodlers are dumping their coins, then that is more believable. And why will the Bitcoin hodlers sell when they are also aware that the halving is now close? They can just buy more in fact and wait a little more, in order to gain a massive profit.
Real pump of Bitcoin or not we just need to see how Bitcoin moves. The Solana hype is great, but the hype about a Bitcoin ETF will be even greater. We are still waiting for the spot ETF announcement next month and that will be the next Bitcoin bullish determinant. Now there is a correction but it is still quite normal and whoever can survive will get back their profits because Bitcoin will continue to a new ATH.I believe that the best thing we could do at this moment would be just letting it be a bit more calmed down and just hope that the price stays as good as it gets. If we can get the ETF that is lovely, I would love to see that, but that doesn't mean that we should be tied to it.
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