WILL BITCOIN CONTINUE TO RISE - page 3.

justdimin

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Quote from: davis196 on February 15, 2024, 05:55:42 AM

The real bull run is going to happen several months after the halving. The current price pump might be a short term price bubble, which is going to pop in March, April or May. I can't measure the impact of the Bitcoin ETFs over the BTC price, but I guess that the institutional investors will help at forming new FOMO phases in the BTC market. Last month, I thought that the BTC price will drop below 40K USD and right now the price is going above 52K USD. I'm not the best trader and Bitcoin always finds ways to surprise me.

That is something that many people need to realize but they are expecting it too soon. I think we will break the ATH at the end of this year, and be higher in 2025 as well. But they are expecting so high that, if you asked the public right now, they would say we may break it around halving and then be 100k by the end of the year. I think that can't be done and needs to change.

I think the clear choice right now would be making sure that we are dealing with a good profit one way or another and for that to mean something, we need to just keep on holding. Don't expect it to get that well, it is not going to get that well, it won't go up that quickly. Those prices will be reached, it is just not going to be as quickly as some people think.

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Quote from: Inior on February 13, 2024, 03:44:31 PM

Whats your take on this matter?

Bitcoin is not new and we've been saying the same thing about it for a long time now and this will never change. It is an asset with a very good prospect, it will continue to rise because history has always vindicated it and most people are buying the scope of what history has done n terms of tradition. In addition to that. Bitcoin has been inculcated into the mainstream of the financial market and it is such an asset that people love to own since it has a very good future. But aside from all these, it is such an asset that is so analyzeable on the chart and has been so lovely to be bought especially when it is in its bullish season.

Also, as you can see all around the coin, Bitcoin is in its bullish season, no one should think otherwise even as the technical analysis is favouring the coin as well. It is long-term in the bullish disposition when it comes to the technical chart's predictions, so I expect it to rise even more this year and part of next year. After which it might not be safe to continue to buy it for a while. It might at that time enter another bearish season which calls fr caution. Just be well-informed of this and let your trading chart be your guide.

YOSHIE

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Quote from: Inior on February 13, 2024, 03:44:31 PM

WILL BITCOIN CONTINUE TO RISE

Some speculation shows that every thing where there is still buying and selling trading activity, the goods continue to move as time goes by, this is a common thing that happens in the market.

I am sure that while Bitcoin is still a mainstay and is used as a basis for digital trading for users all over the world, I am very sure that Bitcoin will continue to develop and grow all the time.

In essence, goods become expensive and grow in market, while users need and require these goods, Bitcoin is currently one of the digital currencies that many people are interested in, of course it will continue to develop well.

TheUltraElite

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So anyway, I applied as a merit source :)

At present it will continue to rise, this is a bull run happening and crossing 52k USD I expect the prices to stop somewhere near 55k USD before dropping again. Again this is my pure speculation dont base your judgement on that.

I was wrong in expecting the selling pressure at 50k USD to turn the tables so it would be worth noting if my above prediction turns out bad or not.

However giving a clear range as to what the price will consolidate at is difficult. If it drops it might go back to 45k USD and it is goes up, well I am not complaining at all, we should cross our last ATH.

Nrcewker

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It all depends on the amount of demand to accumulate the coin raised by the traders. If the demand is increasing, then definitely in order to maintain the demand, the price will go up due to the limited supply of the coin. The price will go up if more people buy the coins rather than selling it. This is definitely the bull run I must say. The price will continue rising like this till 100k usd for sure. So it’s time to celebrate for the long term holders.

aoluain

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This is a tweet reposted by PLANB on X, very interesting outlook on the market primarily
because its extremely bullish!

HIs points that he expects the market price to grow approximately $1000 per day for the next
few weeks is interesting and will be very good news for the community here and for day traders.

His second event which he points out is that most ETF traders CAN ONLY start trading 90 days after
launch is very enlightening and sets the stage for big pressure on the halved supply when those
90 days are up.

Plenty of points answering the thread title that yes the markets will "continue to rise"

https://twitter.com/marcvanderchijs/status/1757945222007525598?t=AcMCQvIPUjRAkl6JcETNvw&s=09

davis196

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Quote from: Inior on February 13, 2024, 03:44:31 PM

Hello guys, I was just wondering on what could be the true position of bitcoin in the next few months to come, considering the fact that bitcoin recently hit a mid term all time high of $50k, indeed this was a mile stone and could have been the target of most investors and retail traders ,
so From the look of things from a fundamental and analytical point of view their are diverse possibilities. will bitcoin continue to rise up to the 59200.00 and 64302.83 price level only to break down to the 29637.99 price level to gather momentum or will the upward trajectory move Continue to take bitcoin to the moon in the near future, or will bitcoin be trapped in the 59200.01 And 42730.420 price zone 🤔
Whats your take on this matter?

The real bull run is going to happen several months after the halving. The current price pump might be a short term price bubble, which is going to pop in March, April or May. I can't measure the impact of the Bitcoin ETFs over the BTC price, but I guess that the institutional investors will help at forming new FOMO phases in the BTC market. Last month, I thought that the BTC price will drop below 40K USD and right now the price is going above 52K USD. I'm not the best trader and Bitcoin always finds ways to surprise me.

Zeunerts

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In the end its still a demand vs supply situation. And right now the demand is much higher than the supply.
And with the upcoming halving, the supply situation will get even worse..

Davian144

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Quote from: cakravothy on February 14, 2024, 05:36:38 PM

clearly the price of bitcoin will continue to rise at this time again bull run or up trend aka bullish trend. because this year is the year of halving. so until next year bitcoin will continue to rise or uptrend.
but yes, be careful not to buy at the top price, it can take a long time TP take profit

If there is still potential to continue to rise, I don't think it would be wrong for some people to still want to buy Bitcoin at this time even though the take profit will be a longer wait. Because the previous people who didn't sell at a lower price and still kept it until now have also waited a long time to see a moment like this. So for now some people may set a target price to release it into the market in order to take existing profits even though they may not sell all their holdings.

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Quote from: ShowOff on February 14, 2024, 04:43:53 PM

The price has breached $52k today and is now down slightly. It's a good idea to continue accumulating, but stick with the same strategy as before. I tend to ignore short-term profit potential and focus more on long-term return potential, so even if $52k or $60k is reached during the year, there is no intention of selling.

Over time prices will continue to increase, but price volatility is inevitable. Small corrections are certainly possible and not completely inevitable for the market, but if the focus is long term then short term volatility should not be a problem.

Current bitcoin price keep stable get optimistic with bitcoin keep continue to rise in each 4 years cycle, last bitcoin correction after ETF approval and right now break out from lower price until rise $52k still not large correction and seems bitcoin more promising raise to higher price before halving time arrive. Good ideas keep hold bitcoin until halving time coming and wait bitcoin potential raise how much price exactly almost one week only with small correction.
Focus for long term is good ideas with bitcoin, but don't be excited when looking price bitcoin keep going up day by day for selling because has potential for will raise above $60k or more. If not has intention of selling hold bitcoin as long possibilities and sell it later after raising up to the higher price and we can celebrate with new ATH.

adaseb

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The numbers are out for Feb 14th for the etf flows. Pretty sure these are all the major ones that make the most difference.

IBIT $224M
Bitwise $47M
Fidelity $119M
ARK $102M
GBTC -$131M

So around $360M net inflows, we got a few more etfs which didn’t report yet. So not as high as yesterday but still a crazy high number.

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Quote from: Inior on February 13, 2024, 03:44:31 PM

Hello guys, I was just wondering on what could be the true position of bitcoin in the next few months to come, considering the fact that bitcoin recently hit a mid term all time high of $50k, indeed this was a mile stone and could have been the target of most investors and retail traders ,
so From the look of things from a fundamental and analytical point of view their are diverse possibilities. will bitcoin continue to rise up to the 59200.00 and 64302.83 price level only to break down to the 29637.99 price level to gather momentum or will the upward trajectory move Continue to take bitcoin to the moon in the near future, or will bitcoin be trapped in the 59200.01 And 42730.420 price zone 🤔
Whats your take on this matter?

It will gradually increase for sure. However, there might be a little roller coaster ride while on the process of getting to the next ATH, since majority of the short traders will continue to ride the waves of fluctuations. With the current price actions, I think bitcoin would roam around the region of $50k- $60k max, before the actual halving takes place.
What's gonna be more exciting is the next 5+ months after the actual halving, that is where usually the unprecedented bullrun would usually happens.

aoluain

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based on Bitcoins 4 year cycle and tha Halving marking the end of one cycle and beginning
of another history has told us that this current Bull run will last another 10 to 12 months.

Within this part of the cycle we could have a general increase in price with many corrections
along the way to a new ATH.

This is all based on what has happened in the last 3 post halving events but these are different
times we are in now so anything can happen.

Maybe the rise will be shorter, maybe longer, maybe changing the whole 4 year cycle scenario.

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Quote from: cakravothy on February 14, 2024, 05:36:38 PM

Quote from: Inior on February 13, 2024, 03:44:31 PM

Hello guys, I was just wondering on what could be the true position of bitcoin in the next few months to come, considering the fact that bitcoin recently hit a mid term all time high of $50k, indeed this was a mile stone and could have been the target of most investors and retail traders ,
so From the look of things from a fundamental and analytical point of view their are diverse possibilities. will bitcoin continue to rise up to the 59200.00 and 64302.83 price level only to break down to the 29637.99 price level to gather momentum or will the upward trajectory move Continue to take bitcoin to the moon in the near future, or will bitcoin be trapped in the 59200.01 And 42730.420 price zone 🤔
Whats your take on this matter?

clearly the price of bitcoin will continue to rise at this time again bull run or up trend aka bullish trend. because this year is the year of halving. so until next year bitcoin will continue to rise or uptrend.
but yes, be careful not to buy at the top price, it can take a long time TP to make a profit

I agree with this line of thought because, with the number of lineup events for this period and with the Bitcoin ETF approval coupled with the Bitcoin halves around the corner, it is clear now that yes the Bitcoin price will continue in the current uptrend direction movement.

We may see an all-time high price before the bitcoin halves and make a clear attempt to reach that record high before March- April when the halven cycle will be achieved.

cakravothy

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Quote from: Inior on February 13, 2024, 03:44:31 PM

Hello guys, I was just wondering on what could be the true position of bitcoin in the next few months to come, considering the fact that bitcoin recently hit a mid term all time high of $50k, indeed this was a mile stone and could have been the target of most investors and retail traders ,
so From the look of things from a fundamental and analytical point of view their are diverse possibilities. will bitcoin continue to rise up to the 59200.00 and 64302.83 price level only to break down to the 29637.99 price level to gather momentum or will the upward trajectory move Continue to take bitcoin to the moon in the near future, or will bitcoin be trapped in the 59200.01 And 42730.420 price zone 🤔
Whats your take on this matter?

clearly the price of bitcoin will continue to rise at this time again bull run or up trend aka bullish trend. because this year is the year of halving. so until next year bitcoin will continue to rise or uptrend.
but yes, be careful not to buy at the top price, it can take a long time TP take profit

tabas

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Quote from: Yaunfitda on February 14, 2024, 03:18:37 PM

Quote from: tabas on February 14, 2024, 03:12:17 PM

Only time will tell, it can be trapped at this point and some corrections are on their way. And if we're going to see that part, any price below the current is always possible. $29k is possible but I don't think that we'll get back there, there's a stronger bullish part at this end than of going with the bearish sentiment. As we all know, the cycle is in and once we pass through the halving then any price that's higher than of today's price is possible to be surpassed. Long term wise, we know that Bitcoin will continue to get back to its former ATH of 2021 and then might be higher than that. While these ETF purchases could still be probably sold by these institutions in batches as what they used to do and that's to make money but buying force and demand is higher thanks to halving and the cycle that we're in.

Yes, Bitcoin is a volatile asset, although there are some tools to help us predict, it's not that accurate. As we can see, when we had the ETF approved, we thought that it's automatic $50k for us. But guess what? the price moves in the opposite direction, it goes to $39k. But then again, after a week or two, price is now $50k and now still moving to $52k. So maybe we can see another correction, or maybe the price will continue to go up, only time can tell. And again, there will be some technical analysis that seems to be predicting this movement, but it could be invalidated by a simple negative news and pull down the market again. But we still up some aces, the block halving. It will be the catalyst for the price to increase in the future and welcoming us for the bull run.

That's what fuels the market as it pushes through another K price. It has to correct in order for it to move forward. Many have expected that it will go back to $50k because of the spot etf contribution. And many have their own analysis on where this is going. But as a no brainer analysis, halving comes and approaching, 4-year cycle that we've proven in the past. No matter what analysis thinks that this cycle will be broken, it is inevitable to see that Bitcoin is heading upwards and not downwards. Some moments may be seen as it slips a bit but it's always resilient.

ShowOff

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Quote from: Davian144 on February 14, 2024, 03:52:58 PM

Quote from: kotajikikox on February 14, 2024, 02:29:20 AM

Don't look on the next few months instead in the next year, the 50k price now shows that Bitcoin will keep pumping and it will progress more and more in the coming halving season so better watch out.

Apart from still having to be careful, everyone who has benefited from the continued increase in the price of Bitcoin which has exceeded $50K is now a day of joy for those who still hold their Bitcoin. Because at the halving moment, Bitcoin may not experience a price correction and instead continue to increase to reach a new ATH this year, so this also needs to be awaited and celebrated more wisely by those who still hold Bitcoin and also by Bitcoin investors during this time.

The price has breached $52k today and is now down slightly. It's a good idea to continue accumulating, but stick with the same strategy as before. I tend to ignore short-term profit potential and focus more on long-term return potential, so even if $52k or $60k is reached during the year, there is no intention of selling.

Over time prices will continue to increase, but price volatility is inevitable. Small corrections are certainly possible and not completely inevitable for the market, but if the focus is long term then short term volatility should not be a problem.

Wiwo

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Quote from: Text on February 13, 2024, 06:19:44 PM

Bitcoin has shown resilience and a tendency to surprise, whether with sharp rises or corrections.
This continued adoption and increased institutional interest are driving Bitcoin's upward momentum.
Hitting the $50K mark again after 2 years is a big deal, it shows sustained interest and potential for further growth.
All scenarios that you have mentioned are possible, but each comes with its own set of ifs and buts.

If the price of Bitcoin os able to sustain the 50k above region for the next coming days and being able to gather the momentum that will push the price to remain at that price, it will definitely be another season were we may likely see the next all time high prior to bitcoin halves, so for Bitcoin to have attain this price in this period in time, these shows that we may be in for another round of bull run.

But we may not be certain as to whether the price of Bitcoin continues to rise or not and for that we need just to follow the market in such a way that we may be able to withstand whatever outcome that we may have at the end of the day either bull market or a correction before the main ATH.

Davian144

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Quote from: kotajikikox on February 14, 2024, 02:29:20 AM

Don't look on the next few months instead in the next year, the 50k price now shows that Bitcoin will keep pumping and it will progress more and more in the coming halving season so better watch out.

Apart from still having to be careful, everyone who has benefited from the continued increase in the price of Bitcoin which has exceeded $50K is now a day of joy for those who still hold their Bitcoin. Because at the halving moment, Bitcoin may not experience a price correction and instead continue to increase to reach a new ATH this year, so this also needs to be awaited and celebrated more wisely by those who still hold Bitcoin and also by Bitcoin investors during this time.

Yaunfitda

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Quote from: tabas on February 14, 2024, 03:12:17 PM

Only time will tell, it can be trapped at this point and some corrections are on their way. And if we're going to see that part, any price below the current is always possible. $29k is possible but I don't think that we'll get back there, there's a stronger bullish part at this end than of going with the bearish sentiment. As we all know, the cycle is in and once we pass through the halving then any price that's higher than of today's price is possible to be surpassed. Long term wise, we know that Bitcoin will continue to get back to its former ATH of 2021 and then might be higher than that. While these ETF purchases could still be probably sold by these institutions in batches as what they used to do and that's to make money but buying force and demand is higher thanks to halving and the cycle that we're in.

Yes, Bitcoin is a volatile asset, although there are some tools to help us predict, it's not that accurate. As we can see, when we had the ETF approved, we thought that it's automatic $50k for us. But guess what? the price moves in the opposite direction, it goes to $39k. But then again, after a week or two, price is now $50k and now still moving to $52k. So maybe we can see another correction, or maybe the price will continue to go up, only time can tell. And again, there will be some technical analysis that seems to be predicting this movement, but it could be invalidated by a simple negative news and pull down the market again. But we still up some aces, the block halving. It will be the catalyst for the price to increase in the future and welcoming us for the bull run.

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