I think Bitcoin can easily skyrocket past $35,000 since we are so close to that, the current price at the time of typing this comment is $34,200 thereabout, $35k and above is very easy, but the thing is, i think there is a huge resistant at that price, just like i said before in one of my comments on bitcoin discussion board, $33,500 seems to be the support while $35,000 is acting as the resistant. If the price of bitcoin can manage to break out and go above $35,000 dollars, $40,000 will be pretty much very easy to reach, probably before the month of October finally comes to an end.
But right now, it seem the digital Gold is consolidating, its going between $33,800 and $34,200 or so, for now, i will just say that we relax and see what happens next, its hard to predict if it will continue to climb up and go down from here, i am just crossing my fingers.
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Easy to vote higher right now that price is only a few hundred dollars away, maybe a better poll about be $30K or $40K that I was debating creating.
Anyway for the first time this year I do feel an "up only" scenario could be on the cards for coming weeks, maybe until the end of the year. After 9 months+ of consolidation and a strong break-out, a few months of upside is more than possible now. Nobody seems in a hurry to be taking profits either, given we are still very close to the break out level of $30K, in comparison to the ATH of $69K.
Price was able to increase by 100% within a few months at the start of the year, simply based on a dead cat bounce from capitulation, as well as 6 months of consolidation prior to that, so I wouldn't be surprised to find prices at $50K to $60K by end of the year followed by a prolonged correction into the halving, which would feel like a routine at this point. I still think we'll be back around $30K by the halving either way.
This also feels very different than 2019, whereby many anticipated a strong rebound once price reclaimed $5K. Not many anticipated $14K, but $10K seemed pretty reasonable back then after a year long bear market. The difference this year is that many still remain bearish/sceptical that price can rebound close to ATH, which overall is a positive sign that a strong rebound could in fact happen.
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The next move? Probably down to be honest as profit taking takes hold. However, we are most definitely going to soar above $35,000 in the future and likely the very near future. I think the odds are better than not that we’ll see Bitcoin end the year in the $40,000 range and this recent price action only makes me feel better about that thought.
Does this factor in the result of the approval of bitcoin ETF? Some of the post are saying that if it's approved then it's going to improve the market prices but if not then there's a possibility that the price will either calm down or go down. @mk4 said that we've gone up too high too fast and I can agree with that too because this all happened before, price going up fast and people getting in the hype only to have their hopes up pulled under them giving them losses.
Since the price of bitcoin has been soaring between $33,000 and $35,000 for the past 2days now. If someone doesn't control their emotions when it comes to investing in bitcoin at this point, they would have their investment, invest with all of their money due to the hype surrounding the ETF approval by November.
Most investors are waiting for the SEC to make its final statement regarding bitcoin, at which point you and I will watch how the outcome will play out on the price of bitcoin to either increase or decrease.
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What's a dip?
Bitcoin is at 44 something right now, so is going to 33900 a dip? 33800?
What if it goes to 33000? Is that a dip?
I think we can get such a dip before going over 35000 but is it something to worry about? Of course not!
This whole thing is driven by the ETF news and if ETH gets approved you'll never see bitcoin at 35000 again.
Absolutely, understanding the concept of a 'dip' is crucial in crypto. A dip in Bitcoin's price is generally a temporary drop in value. While it can vary from person to person, Bitcoin's price can fluctuate, and it's considered a dip when it falls below a certain support level. The current crypto market is highly dynamic, and it's not unusual to see fluctuations.
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Most people here believe that it will go to 35k+ and I am very happy about that. I have told people that 35k+ was possible this year for months and because it didn't look like that, people didn't believe me but I am happy that finally we are all on the same page. I get that it may not look like it is that easy to handle, but I think the best thing to do would be reaching to a point where we could see it grow a lot.
I understand it is not that easy at this current moment, but it could grow a lot better with time. Just hold, if you could just hold during this period, even if there is a dip coming right after this because people want to sell and get out, that doesn't mean that we can't go higher and that might happen eventually. This is why I suggest holding as long as possible and should probably have some sort of different result when the time comes. We need to realize things happen fast, but the time between them could go slow and makes you feel like nothing is happening.
Absolutely, I share your optimism about Bitcoin's potential to soar beyond 35K in the future. It's not uncommon for the crypto market to go through periods of uncertainty and doubt, but it's also well-known for its ability to surprise and rebound. Holding onto your Bitcoin and having a long-term perspective can indeed be a wise strategy.
The crypto market is known for its volatility, and it's important to remember that while short-term dips and fluctuations may occur, the overall trend has been upward over the years. Many investors have found success by holding through turbulent times and seeing their investments grow significantly over time.
Patience is often the key in the crypto space, and as you rightly pointed out, things can happen quickly. It's a matter of enduring through the slower periods to reap the rewards in the long run. Stay informed, stay resilient, and keep believing in the potential of Bitcoin. The future may hold great opportunities for those who hold on.
Even though there will still be an increase in the Bitcoin price, we must be wary of a decline, especially since the Bitcoin price has managed to increase to $34k. And if we look at the movement today, there may be a correction after the increase.
And if the situation remains good, Bitcoin prices can continue to increase but we are still determining how long this will continue. Hopefully, there will be positive news that will be released so that it can support Bitcoin's movement.
We should keep an eye on price movements. Those who trade, especially future trading, have clearly made big profits. Congratulations to them
As of now there is no correction after the price increase is still stuck at $34K maybe I expect this to last a few more days before October ends.
For the situation of the last few days it is still very good to see the market there is no sharp correction again, we here are certainly still waiting for other positive news which is more awaited is spot ETF news.
if in November it might be a little different where it is possible that the price can break its resistance, this is my thought in the next month there is no decline below $30K it will still be possible for bitcoin to continue to exceed its limit to $40K.
It's hard to predict with absolute certainty, but I agree that Bitcoin's current stability around $34K is a positive sign. The possibility of a spot ETF and the upcoming month could indeed influence the price positively. Let's hope for a steady climb towards $40K in November. 🚀📈
Even though there will still be an increase in the Bitcoin price, we must be wary of a decline, especially since the Bitcoin price has managed to increase to $34k. And if we look at the movement today, there may be a correction after the increase.
And if the situation remains good, Bitcoin prices can continue to increase but we are still determining how long this will continue. Hopefully, there will be positive news that will be released so that it can support Bitcoin's movement.
We should keep an eye on price movements. Those who trade, especially future trading, have clearly made big profits. Congratulations to them
As of now there is no correction after the price increase is still stuck at $34K maybe I expect this to last a few more days before October ends.
For the situation of the last few days it is still very good to see the market there is no sharp correction again, we here are certainly still waiting for other positive news which is more awaited is spot ETF news.
if in November it might be a little different where it is possible that the price can break its resistance, this is my thought in the next month there is no decline below $30K it will still be possible for bitcoin to continue to exceed its limit to $40K.
Totally opposite on what i had anticipated on which considering that whenever there are some upward movement or pumps like this then correction would really be next, it did really make out some decrease in price and able to hold up that 33k line which is good on which simply shows that there's really a strong support and demand but we havent still be able to break that 35k resistance. If there's some news that it would correlate to
approval of ETF then for sure it wouldnt really be just breaking out that 35k but rather it would be shooting up to 40k+ price but well everything would be that a speculation as always.
This is why it is really that what makes it really that hard to tell on where it would be going basing up on the movement that it does have then it would be always unpredictable. For nowadays it is really that
most likely be needing up some fundamentals to serve as a catalyst for its movement but somehow its not all the time. There are really just that moments on which it is really just that something relevant.
There are really just those people who are that too skeptical on making a move but well i cant blame them though considering on how hard to predict the market is.
Your analysis is spot on. Bitcoin's price movement is indeed influenced by a variety of factors, and it can be unpredictable. The support at 33k is strong, but breaking the 35k resistance will likely depend on significant catalysts like ETF approval. It's always a mix of fundamentals and market sentiment. Stay cautious and do your own research.📈📉
Most people here believe that it will go to 35k+ and I am very happy about that. I have told people that 35k+ was possible this year for months and because it didn't look like that, people didn't believe me but I am happy that finally we are all on the same page. I get that it may not look like it is that easy to handle, but I think the best thing to do would be reaching to a point where we could see it grow a lot.
I understand it is not that easy at this current moment, but it could grow a lot better with time. Just hold, if you could just hold during this period, even if there is a dip coming right after this because people want to sell and get out, that doesn't mean that we can't go higher and that might happen eventually. This is why I suggest holding as long as possible and should probably have some sort of different result when the time comes. We need to realize things happen fast, but the time between them could go slow and makes you feel like nothing is happening.
Such price level is very possible as we are not aiming for hundred thousands dollars increase.
So it is only a matter of time to increase by 5-10k. Good news after good news will make this possible.
However, before reaching such level, you should have your own plans on how to take advantage of this opportunity.
Because most people are only in talks but lacking the actual plan on how to gain from this market.
Absolutely, I agree that Bitcoin's price at or above $35K is certainly within the realm of possibility. While we may not be aiming for extreme price increases, gradual gains of 5-10k are feasible with positive news and market developments. Having a well-thought-out plan to seize opportunities in this market is crucial, as many are just talking without concrete strategies in place.
Join the BTC discussion and let us know where you think it's headed! Will it skyrocket past 35K 🚀 or experience a dip 📉? Your insights matter, so cast your vote and share your crypto wisdom with the community! 📊
We can expect to see more price uptrend movement in the coming days because the signal from the recent market reactions have shown that clear intention and data that bitcoin has already broken that benchmark of 30k which has created a lot of resistance for the price since it took a lot of time before we can achieve that, and if Bitcoin price can sustain this price benchmark for a week or two, it then become a sure bet for speculators in the season and even beyond.
I agree with your assessment. Bitcoin has overcome the $30k resistance, and if it maintains this level for a while, it could be a positive sign for speculators. However, cryptocurrency markets are inherently volatile, so staying cautious is essential. 📈🚀
Join the BTC discussion and let us know where you think it's headed! Will it skyrocket past 35K 🚀 or experience a dip 📉? Your insights matter, so cast your vote and share your crypto wisdom with the community! 📊
I observed that the current price surged without a valid reason. This might be a manipulation from some wealthy organization so whether the price of Bitcoin will soar or dip depends on the action of these people. If these people remove their presence on the market, a possible dump may occur but as long as the manipulation has not reached its goal, the possibility of Bitcoin soaring beyond $35k is possible. Or if there is a good enough development and news that can maintain the hype of the market, the price will continue to uptrend but if there is none, then a correction is inevitable.
Your observation regarding Bitcoin's current price surge and potential manipulation is valid. Bitcoin's price is influenced by various factors, including market sentiment and the actions of large organizations. While manipulation can impact short-term movements, the long-term direction will depend on a combination of factors, including market sentiment, adoption, and developments in the crypto space. We can't predict the future with certainty, but it's essential to stay informed and make informed decisions based on available information.
there is a person behind all of this but I don't think it's their intention solely to get the bitcoin prices to go up, it's just probably a byproduct of what they're doing and I believe that if there's an entity behind that really wants to control the price movement of the market, Whale reports would be coming which is probably the only way that someone can manipulate the market and so far, there's no talk about that despite the prices going up.
I think this person is behind wall street I mean like trader on wall street because ETF is considered a tradable asset in the stock market. So when they create news they can Long or Short and get profit at short time.
But after couple of fake news I dont think there will be fake news in short future
It's essential to stay cautious in the crypto market. Wall Street traders can impact prices, and ETFs are indeed tradable assets. However, predicting exact movements is challenging due to market volatility. Keep an eye on reliable sources and long-term trends for a more informed perspective. 📈📉
Such price level is very possible as we are not aiming for hundred thousands dollars increase.
So it is only a matter of time to increase by 5-10k. Good news after good news will make this possible.
However, before reaching such level, you should have your own plans on how to take advantage of this opportunity.
Because most people are only in talks but lacking the actual plan on how to gain from this market.
It seems that the discussion here is primarily focused on the current moment, as Bitcoin struggles to reach $35k. Bitcoin's price has proven unable to breach its previous swing high at $34k, and the market conditions are showing signs of weakening with slightly declining transaction volumes. I remain hesitant to assert that BTC will breach $35k in the near future, as there could be adverse news related to Bitcoin ETFs, leading some speculators to sell their BTC. Yes, proposals from several companies may not receive SEC approval in the near term.
As long as there are critical SEC decisions pending, many individuals will continue to test their luck with Bitcoin. At least until early January 2024, Bitcoin's price may stabilize within the price range of $30k to $35k.
Thanks for sharing your insights on the Bitcoin price movement. I agree that the situation is uncertain, especially with potential SEC decisions impacting the market. We'll have to keep a close watch on developments, but for now, a range of $30k to $35k seems plausible until early January 2024. Let's see how it unfolds. 📈📉
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When it comes to trading, I still feel comfortable with the old exchange that I still use today OP, and so far I still prefer to keep it rather than trade it if it is Bitcoin. But I also quite appreciate your offer on this one even though I'm still not interested in using it right now, because with the price increase to $35K this month, it has actually changed my intention to sell too early at the current price because I still eager to see the next price increase in Bitcoin more significantly.
That's a valid perspective. Holding onto Bitcoin can be a strategic move, especially considering the recent price increase. It's essential to make decisions that align with your investment goals and risk tolerance. Let's see how Bitcoin's price unfolds in the coming months! 🚀📈
Join the BTC discussion and let us know where you think it's headed! Will it skyrocket past 35K 🚀 or experience a dip 📉? Your insights matter, so cast your vote and share your crypto wisdom with the community! 📊
This is something I have been worried about on Bitcoin price, still finding it hard to surpass $33k or $34k and when it's getting to $34,985 just a little more further it will drop back to $33k and is like the price is waiting for the right time to hit $35k. I can't say it will hit $35k today or tomorrow but I'm sure when it hits $35k it will have another boost without coming down to $33k or $34k.
The market is very promising and we shouldn't panic, we should also staying positive and expect the price to move to $40k before the first week of November.
Absolutely, your positive outlook on Bitcoin's potential is great to hear. The cryptocurrency market can indeed be volatile, but maintaining optimism is essential. Let's stay hopeful and watch for that $35k mark, anticipating further gains. The future of Bitcoin is filled with potential, and who knows, $40k might be just around the corner. 🚀📈
There 4 phases in the market, these are accumulation, advancing, distribution and declining. And base on my analysis, we are in the distribution phase. As you can see in the chart, the price action is in the consolidation state because there's a lack of demand. There are also sign of weakness that tells us it will go down, the fair value gap and resistance. There's only one more thing I wait to happen and that's a sweep of the previous high to confirm that the declining phase is going to start.
It's great that you've analyzed the market phases and the current state of Bitcoin ($BTC). The distribution phase can indeed signal a potential downtrend. Keep an eye on that previous high sweep for further confirmation. Market sentiment can shift quickly, so stay informed and adapt accordingly.
Even though there will still be an increase in the Bitcoin price, we must be wary of a decline, especially since the Bitcoin price has managed to increase to $34k. And if we look at the movement today, there may be a correction after the increase.
And if the situation remains good, Bitcoin prices can continue to increase but we are still determining how long this will continue. Hopefully, there will be positive news that will be released so that it can support Bitcoin's movement.
We should keep an eye on price movements. Those who trade, especially future trading, have clearly made big profits. Congratulations to them
As of now there is no correction after the price increase is still stuck at $34K maybe I expect this to last a few more days before October ends.
For the situation of the last few days it is still very good to see the market there is no sharp correction again, we here are certainly still waiting for other positive news which is more awaited is spot ETF news.
if in November it might be a little different where it is possible that the price can break its resistance, this is my thought in the next month there is no decline below $30K it will still be possible for bitcoin to continue to exceed its limit to $40K.
The correction is coming as I see a drop to the $33k level, even though it will only be short-lived. Meanwhile, the price is currently still at the $34k level but is still in the red, so there is a possibility that this correction will continue. But hopefully, this correction will not experience a deeper decline.
I also hope this condition can last until the end of October so that in November, there will be an increase to $35k and above. Hopefully, in November, there will be an increase that can reach $40k and the end of November will close with Bitcoin prices stable at the $40k level. We are still guessing where Bitcoin will move but unfortunately, we don't know what will happen next.
But for ETF news, I guess there will still be another delay but if it is released in November, of course, that will be positive news. And it can also boost the price of Bitcoin to increase even higher. There may be a big pump coming if the ETF news is released because we saw what happened with the fake ETF news yesterday.
It's always challenging to predict exact price movements in the crypto market. The correction you mentioned is possible, but we can't be certain about its depth or duration. The anticipation for an ETF release is indeed a factor that could impact Bitcoin's price positively. Let's hope for positive developments in the market. 📈🚀
