Topic: Why the price of Bitcoin still in such a state? - page 2. (Read 611 times)
Currently bitcoin is in a bearish phase, if we look at low time frames such as daily or weekly, bitcoin is indeed in a bear phase, therefore many investors choose to sell some of their assets, but in large time frames I see that bitcoin is correcting before continuing the ascension.
The erratic rise and fall of Bitcoin's price has not been broken through recently due to a lot of bad news and tense developments in the world's political and economic situation in some places. In addition, the effects of the COVID-19 epidemic also have an impact on bitcoin, I think the end of 2022 will have a strong recovery in bitcoin.
Well we have seen the impact of Covid-19 already on the market. The thing is that we have bounce back from that, specially that it coincides with the Bitcoin catalyst for a bull run which is the halvening.
Now, it's the geo-politics that is affecting the price, nevertheless we are still above the threshold of a bearish trend. So I will say that we are still doing good at $40,000.
The erratic rise and fall of Bitcoin's price has not been broken through recently due to a lot of bad news and tense developments in the world's political and economic situation in some places. In addition, the effects of the COVID-19 epidemic also have an impact on bitcoin, I think the end of 2022 will have a strong recovery in bitcoin.
Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.
Get used to it because the price had always been like this on which it could be moving sideways or on accumulation phase which it is something that not new into this market.We cant really see a market to have continuous price increase and we know it could be composed of bearish or bullish movement where you would really begetting used to
it on the time that you would really be setting your foot into this place.You would really able to familiarize it out once you do gain up experience.
Only people who are experienced in the crypto world understand how Bitcoin moves, or if we study Bitcoin properly it can also provide information
to us as to what Bitcoin's movement is like. Because the movement of Bitcoin is based on supply and demand, it is not surprising that the price is
very volatile and difficult to predict. Like when the year 2021 unexpectedly the price of Bitcoin could rise very high, but the problem is that
we cannot expect the price of Bitcoin to continue to rise, because the price of Bitcoin will also fall. It turns out that entering 2022 the price of
Bitcoin slowly decreases, until now the movement of Bitcoin looks sideways. What really matters is how we take a stand to see the movement of Bitcoin,
so it's not new if we look at Bitcoin sideways, decreased or increased. We just need to get used to how Bitcoin works, then automatically we will
understand what steps we should take.
I see the Bitcoin price struggling to break upwards because of all the bad news, bad news about the Russia-Ukraine war, FUD about Blockchain, countries who go against Bitcoin, countries that fail to keep promises regarding Bitcoin and overall the greed of said countries for more and more regulation.
So basically the price has been going up despite all the bad news. It has been struggling to break through to a new price level though, but thats to be expected when Bitcoin is going up and the Bitcoin price is being driven down at the same time by FUD and bad news.
Once the news grows old, the price will be free to head towards new levels again. 100k Can't wait.
So basically the price has been going up despite all the bad news. It has been struggling to break through to a new price level though, but thats to be expected when Bitcoin is going up and the Bitcoin price is being driven down at the same time by FUD and bad news.
Once the news grows old, the price will be free to head towards new levels again. 100k Can't wait.
Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.
Get used to it because the price had always been like this on which it could be moving sideways or on accumulation phase which it is something that not new into this market.We cant really see a market to have continuous price increase and we know it could be composed of bearish or bullish movement where you would really begetting used to
it on the time that you would really be setting your foot into this place.You would really able to familiarize it out once you do gain up experience.
Why is the price of Bitcoin going downhill? I kept saying for two or three months that the marketplace will be better by this time and the price of bitcoin will move forward. But my idea is wrong. Experienced people will share your opinion on why the price of Bitcoin is in such a state.
Does it matter? What I mean by this is that some people care a lot about why something is happening at the market when the most important thing is what is happening at the market, it may seem a very slight difference but it is not, if the price of bitcoin is going down it is simply because the ones invested in bitcoin have decided as a group that is going to be the case, so what matters is what are you going to do about it and how do you take advantage of the situation. 
No one can accurately tell why the price of bitcoin is falling. If we look at the bitcoin market in the last three years every April, Bitcoin prices are usually bullish. In the last few days the price of bitcoin has risen above the $40k area after dropping to the $39k resistance a few weeks ago. Therefore, I project the current upward trend to continue until the end of April and the Bitcoin price to potentially rise to $50k.
The unique thing is that when the price is below $40k, the transaction volume is large, up to more than 20% in a few days, there are 2 opportunities, namely investors panic because they are afraid that prices will continue to fall and vice versa, investors wait for the moment to buy and in my opinion, the dominant one is more many are buying because shortly after being under $39k they are now approaching $41k.
and also they are aware that the market will rise and fall so they buy low and sell high.
and besides why much concern when we are in Holding? as we can keep it long until recovered .
No one can accurately tell why the price of bitcoin is falling.
Well, I can accurately tell why Bitcoin price is declining.Simply because there were more sold Bitcoin than bought.
That's actually how we come up with Btc's price. That's basically based on the demand.
The only thing that nobody can accurately tell is the reason why there is a massive sold out in the market, and that's where all kind of analysis will come in.
If we look at the bitcoin market in the last three years every April, Bitcoin prices are usually bullish. In the last few days the price of bitcoin has risen above the $40k area after dropping to the $39k resistance a few weeks ago. Therefore, I project the current upward trend to continue until the end of April and the Bitcoin price to potentially rise to $50k.
I don't want to be optimistic and I'm not expecting anything bullish this year. I would allow the market to consolidate to give an opportunity for the investors to accumulate for the next bullish season.
Why say that market will do better? where did you get the idea? because if you will make such prediction then best you know how to depend your answer lol.
Bitcoin price keeps staying this level when there are so many good news happening now.
Maybe this is what the market needs to prove and we as investors need to support .
https://coinmarketcap.com/currencies/bitcoin/
and bitcoin is going Good recovery again and will continue to grow more in the following days.
No one can accurately tell why the price of bitcoin is falling. If we look at the bitcoin market in the last three years every April, Bitcoin prices are usually bullish. In the last few days the price of bitcoin has risen above the $40k area after dropping to the $39k resistance a few weeks ago. Therefore, I project the current upward trend to continue until the end of April and the Bitcoin price to potentially rise to $50k.
The unique thing is that when the price is below $40k, the transaction volume is large, up to more than 20% in a few days, there are 2 opportunities, namely investors panic because they are afraid that prices will continue to fall and vice versa, investors wait for the moment to buy and in my opinion, the dominant one is more many are buying because shortly after being under $39k they are now approaching $41k.
No one can accurately tell why the price of bitcoin is falling.
there is no accurate , but at least we can bring small prediction that may bring close outcome .Quote
If we look at the bitcoin market in the last three years every April, Bitcoin prices are usually bullish. In the last few days the price of bitcoin has risen above the $40k area after dropping to the $39k resistance a few weeks ago. Therefore, I project the current upward trend to continue until the end of April and the Bitcoin price to potentially rise to $50k.
but lets say there is an increase every April , what would be beneficial for all? isn't October to December is the increasing Months?
I may support that there are Month that increasing and there are Month of decreasing but remember that this is depend in Supply and Demand .
I think the price of bitcoin has shown a good performance, it only took 10 years it has gone up by more than thousands of percent, the trend of users continues to increase and now more and more countries are legalizing bitcoin so that it becomes the most promising asset in the future.
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With what's been going on with the price of bitcoin in the past few weeks, we can already say that we have already been in the bearish market since the start of this year. TBH, lots of people that are pretty meticulous about their investments have already taken profits as early as November last year and may have already rebought on the few times that bitcoin has plunged quite deep. But most that have done these are those long term holders. The leverage traders though, are the ones who have a hard time speculating where the price is really heading. Despite this though, traders still earn a considerable amount in swinging and scalping on shorter timeframes.
I was also quite surprised that instead of knocking on $50,000's door, the price cannot even keep its grip on $40,000. But I think everything is just purely on the side of speculation and investment. Others must have made profit when Bitcoin's price was down so they sold instead of bought. Others might be affected by the negative outlook of the global economy with the war and the high inflation and the pandemic. But in terms of fundamentals, Bitcoin is unaffected. It remains to be the Bitcoin that provides freedom. So there's no worries.
Sideways with even more sideways, dont be ungrateful or act bored as Bitcoin is far from negative in reality.
Heres the actions for the last few days, its really not doing much. We've attempted up and checked prices downwards but mostly we keep on pressing on in a similar pricing to what was the prior day or week or if you consider the last year most months are similar pricing. I consider us to be positive in a holding pattern after breaking the prior multi year price range, it might be boring but this is an elevated price compared to a few years ago.
Your conclusion should be BTC is positive while the world and most assets have a default negative bias, its actually doing very well overall so I dont mind the wait [think of it as a train, we stop so people can get on/off, is that a bad thing not really]. Stay positive in your outlook is the best advice.
Heres the actions for the last few days, its really not doing much. We've attempted up and checked prices downwards but mostly we keep on pressing on in a similar pricing to what was the prior day or week or if you consider the last year most months are similar pricing. I consider us to be positive in a holding pattern after breaking the prior multi year price range, it might be boring but this is an elevated price compared to a few years ago.
Your conclusion should be BTC is positive while the world and most assets have a default negative bias, its actually doing very well overall so I dont mind the wait [think of it as a train, we stop so people can get on/off, is that a bad thing not really]. Stay positive in your outlook is the best advice.
You have probably heard or never heard about zooming out with the charts. That's all you've got to do when you're seeing a disappointment in the market.
The market has never disappointed me after it has past gone through $20k and it had never went down again below it. It's the expectation that everyone has grown despite it's fast growth and a correction for its slow growth back at the top again.
The market has never disappointed me after it has past gone through $20k and it had never went down again below it. It's the expectation that everyone has grown despite it's fast growth and a correction for its slow growth back at the top again.
In my opinion, one of the factors that the crypto market is in the red zone is due to the ongoing geopolitical problems from major countries that have an effect on bitcoin and altcoin prices falling. In such situations, many investors choose other, less risky hedge assets to replace highly volatile cryptocurrencies.
This can be one of the reason aside from the fact that there is no big news to pump Bitcoin and its trend is still on the sideways. We might see more of this in the whole 2nd quarter if the problem continues to happen especially against the economy of other countries. Bitcoin will rise later on, we are still on a good price that can pump any time with just a single big news, so let’s all be patience for this. In such scenarios, the most effective quote that never fails to ease a worried mind is "when in doubt, zoom out." This quote can never be more accurate specially in this situation, because if you do zoom out, you will see that we are still not fcked. Not unless you are one of those people that fomoed into bitcoin when it was on its peak or those lev traders that also fomoed and does high lev trades with just about any hear says out there. But even when you bought on the peak, it isn't that much of a problem unless you encounter a time when you need the money you invested. Which is why it is always important to always invest amounts that you can easily afford to lose since you can easily wait the storm out or even DCA if you have extra idle funds.
It's true that we are facing this continued decline and is going to be in a bear trend soon but luckily most people didn't buy it yet that didn't create a FUD. It's time to make a choice already leave or HODL but don't start dumping or you might miss your chances once the price bounce back. If you have invested in Bitcoin it's guaranteed a good profit but in a long term only so HODL as much as you can. If we say "god knows what will happen?" and just leave it at that, then how do we decide when to buy? We need to find some way to calculate it, it needs to be based on something otherwise it is just random purchases.
There are basically two approaches to this, and as you may guess it is the main difference between traders and investors, investors just put their money on their selected assets whenever they have some money available, so basically the price is not a factor when it comes to investing their money in any market.The second approach is the one used by the traders, even if they do not know what will exactly happen they can make guesses based on what the price has done in the past, meaning that if their observations of the market are correct then they should be able to increase their prediction ability, but only for a little bit, to the point they can make profits in the market.
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