Bitcoin Forum

Let's hope the value of bitcoin increases without any further dump but deep down the heart we all knows that the only thing which will be constant in crypto world is fluctuations and I think this is the right time for those short term investors to barge in to earn some quick profits rather than waiting for further drop as I feel this is a temporary pump which needs to be utilized before the market goes bearish again. This phase of crypto is really complicated wherein most of us are clueless about the up coming trend which was not the case before two years.

Kindly share your valuable thoughts.

Pump before the bears definitely. As we have seen recently this year we got lots of short-term pumps and dumps. we normally get the market bull run in the fourth quarter but I don't think this one is a bull run rather pump before the bears

Bitcoin's price is fluctuating but it's also gradually rising up. It started around 3.5K and for several months, 7.5K seems to be the new low. In my opinion bitcoin as well as crypto will have no huge bull run as the previous one because everyone are aware of dumping after huge price rise so whenever the price rises and people make profit, they cashout instead of waiting which would not let it have a large run.

We don't have any reason to be in a bear market this end of the year, we have all good news, strong community, BTC is in trends, but BTC have it's own life  ;D
When we think something, BTC goes to another direction

I'm expecting 10k to the end of the year, but I'wont be surprised if we started a bear

The most standard price level for btc is I think 12k to 15k until the end of the year. But make sure to sit tight when 2020 arrives lots of development on different major altcoins. I guess we can see it when the time comes. Dont worry if you havent bag some btc now then its youre chance while it is still on moderate level not too high and not too low.

I am not good at predicting the price movement of Bitcoin as most likely what I have in mind can be opposite of what will be. However, i do agree that there is a big possibility that as of press time the price of Bitcoin is just a little pump before it unleashed a bigger pullback. Therefore, people who are looking for some quick bucks in trading this can be a good time to enter the Bitcoin scene again and then just get out when the profits are already on the bag.

But then again, with Bitcoin, I always love to be wrong so in case the pump can go for days and weeks and then maybe move sideways then I would be happy to be corrected. For the remaining days of 2019, I am not really expecting too many actions as people tend to convert their cryptocurrency holdings into cash as the holidays is coming. Next year, we are all hoping a different mood for the cryptocurrency market.

i doubt that the only constant in cryptocurrency market is fluctuations,yeah it happens so many times but dont you see the growth happens more than dropping?because of not then how could the price grows up to 19k$ and now still at 4 digits value?
this is the problem if we are always relying on the negativity of the news while the positive side has been carried out.never forget that in crypto Trust and Risk are partners to bring us profit or losses

A small pump to give  some hope and light to the investors but if we failed to go break the resistance for sure we will dump again and people will panic to sell. Despite of the price and the trend this month I still believe and see bitcoin to make a good trend and maybe break the walls before the halving, more time before that to happen. A temporary pump is still ok compare to none at all, its a way also to make money to those who do day trading.

The market is volatile and expect fluctuation all the time, we are not expecting a huge dump in the market from this valuation as there is nothing in the market that suggest that, unless there is a huge negative news in the market we will not see further dump, the price will move with a range like always and this is nothing new in the market.

There is no complication if you have a target price and how you evaluate the market. Check out all the support and resistance in accordance with the current market value and then you will have an idea on how the market will perform.

I still think that bitcoin will likely retest the $8k support once again, and potentially fall under that before a rally in the latter parts of Q4 as we have seen historically to be the case.

The sentiment is still bearish, and I wouldn't jump to conclusions either way as to which direction the next move is. We're seeing sizeable rebounds once BTC dipped below $8k, but also quite some resistance when it comes to testing the $8.5k barrier.

There is really in no way a bull run. Markets are still consolidating and the signals are mixed right now. I'd say that if there was a dip under $7.5k we can safely say that we've entered bearish territory for good, but if BTC recovers above $9k, this could be the start of the recovery.

Either way, it's much better to focus on longer term stuff and fundamentals as opposed to this, imho.

I got to agree this is sort of a clueless phase where predicting the side of Bitcoin for long term could be pretty difficult considering we are moving in a total sideways channel with almost no indication on any major indicators. These are the times when markets generally become news driver or whale driven. One major news on the either side could create some FUD or FOMO. Also any big whale can play the market and then we all will be decisive whether it's a bear run or bull run. I would like to stay out of the market on such occasion until a clear trend is established on the daily chart.

Bitcoin already showed its potential in the pump and this made ot hard to then read the plausible situations that bitcoin may do. With how the chart moves sideways and only negligible movements can be seen in an upward or downward scale. A lot of people are saying that by 2020, bitcoin would rise back to 20k or at least somewhere there, but the information we have is very lacking since a lot could hapen in a year.

October used to be a good month for Bitcoin. Through the history, Bitcoin had in October either small growth, either the start of a bull run or FOMO bubble.
I hope that this year it'll keep on with this good habit, so I'll vote for bull run.

Yes even I vouch for bull run over bearish market but last year it was the other way around wherein everyone  were waiting for bullrun  especially those who missed to buy btc during initial stage did invested in btc by mid of 2018 but that didn't  work. Let's hope this year we can expect some progress.

Indeed, the increase in October did not fully rise, the price is still $ 8300 and maybe in mid-October it could reach $ 8500 but I think it is right to buy BTC because prices are still low and bitcoin will grow by the end of the year.

Possible to happen and maybe even more but we surely still experience a frequent dump since there's no strong foundation that can hold the bitcoins price to soar, but on first or second quarter next year a huge possibilities that we can see another huge bull run just like what happen on year 2017 since halving will occur on the said year. And I'm so hopeful to see that since the bear market rally is long and hopefully the halving will bring a positive result.

Yeah, the prices of the coin are still low to make a purchase if you are planning to buy. And I believe we can assume a pump coming by the end of this month and by the end of this year a good five figured value for this crypto won't be too surprising for the investors. So, it would suitable to hold till then and keep on getting more so as to double up your profit...

bitcoin can be beneficial and can also be detrimental, if you understand that every time there is an increase in bitcoin there will be time to make corrections, and vice versa now bitcoin is only increasing because there is a dump that happened before.

for now it is still in sideways mode because we were in a sideways mode then the unexpected dump happened and everyone panicked. now they are again out of panic mode and waiting for the price to go above their desired target (which is probably at $9k) before they jump back in. meanwhile most of them are placing buy orders at the big support at around $8k to test their luck.
soon we will see the bull market start with a bang as the panic buyers start buying back in.

I think we're not in a bull-run right now. In 2017 every quarter bitcoin was up to average  20%+. This year we're not going up consistently. We went up to $13k and then got down to $7700 which is almost 50% of bitcoin's value. There are less than 5M coins in the market so I think some agency or company is accumulating Bitcoin that's why we're seeing the small pumps. I can't say that we're in a bear market. Price is up over 100% in the last 4 months so in a bear market we don't see the price going up that much.

We should care less about the price or being a bear market. We should start using Bitcoin in our daily life & take it as a long term investment option. With this supply & security, We will see a better price & market movement in the future.

Any price spike then decline can be stated as pump before the bears.  It can take for more than a year of uptrend or longer than that then when it decline, it can still be called a pump before the bear, it is too general statement.

Anyway, at the current price, I don't see any pump here, Bitcoin had been fluctuating within these range for some days now, so it can be considered a sideway,  not pump or something.  I always wanted Bitcoin to have an uptrend rally and it seems some analyst have shown some good news.  From trading view..

BITCOIN price made breakout Downward Channel (https://www.tradingview.com/chart/BTCUSD/iGb31LRJ-BITCOIN-price-made-breakout-Downward-Channel/)

Important Notes:


If Bitcoin break this two resistance, then we can see another Bitcoin rally upward to $10k and eventually $16k as stated on this prediction:
https://cryptopotato.com/the-anonymous-analyst-hits-again-with-julys-bitcoin-price-next-target-16k-in-october/

This is not really a "pump" is it? I mean it moves between same numbers all the time and it doesn't change too much, we have seen 8.2k before and we have seen 7.7k before, it could very well drop the 7.7k next and then it will go up to 8.2k again, both of those happened before and will probably happen again.

It is the bigger movements we should be looking for, if the price goes above 8.5k then we are in a big movement, if it is under 7.5k then we are in a bigger movement again, if it doesn't do any of that then price is just simply moving up and down between same numbers for traders to make some more money and thats it. Until that time we should not be getting excited or sad about any movements. Just focus on bigger movements that we can do something about then these small ones.

There is nothing happening right now with bitcoin, and it seems to be stagnating in a range very much like it was when it was in the $10,000s.  There is no bull or bear market, just a holding pattern.

No its not, and that word is overused in my opinion.  Users on the forum tend to be like 'monkey see, monkey do' when they write posts and sometimes it makes no sense whatever.  Op's post doesn't even gibe with what he wrote in his post.

Something is happening. Bitcoin is slowly bleeding out, losing a few percent every week. We used to be above 10k in August, then at 9k for most of the September, fell to 8,5k, now we're struggling to stay above 8k. It's not great and everything seems to be pointing out to a short bullish scenario at 14k followed by another short bearish scenario back to 6k. It would still be a healthy growth but short term I'm bearish. Long term we should be above 20k next year after the halving, maybe a new ATH in Winter 2020?

It is too early to tell, the price of bitcoin for a short while went below 8000 and it has recovered somewhat but it is still very close to it and the downward movement could continue during the next weeks, to me this is the time to just sit and wait, I know this is not very exciting but the market could take any direction and trying to determine which will be is nothing more than guessing, it is better to try not to make any huge trade because if you are wrong then you could suffer losses from which it will be difficult to recover.

Well, we only have 218 days left before Bitcoin halving reward will decrease from 12.5 to 6.25 coins. Usually based on past price action, it is around 200 days before the price starts to climb in any major Bitcoin event.

This kind of situation has happened from a few days ago and it keeps repeating, unexpected increases and decreases in the current trend. This situation will be very bad if the bear market will return, if the temporary pump occurs before the bear market I think it is better than the downward trend until the bear market dominates again until the end of the year.

Probably there were a bull run right after the halving but that is just way too far to think yet. But I'm sure there will be a bull run but I don't know yet if how much the price would stay in its new ATH by next year. I don't know how many weeks before the bearish market starts once the bullish trend hit the table.

I have my strong rules about bear market.Any weekly close below WMA 114 currently on 7450$ i will consider like a bear market.That time i will expect bitcoin price to fail even to 5500$-6000$
We are staying at 8000K quite long time already .A little frustrating but it is as it is .Longer accumulation strongest rebound will be

The time for this question is when we are close to 10k because I think that is quite likely within the range of this question.

  Here we are trying to break upwards and passing a few short term averages:

https://i.imgur.com/p4FQSoW.png

The blue line is just a simple 2 day average and the yellow an 8 day which for consistency I just come back to refer to and check for strength.  I think we are due a gain if we can hold this position consistently, however the constant grey cloud over head is the presence of the 200 day at about $8500.
  I dont take moving averages as solid walls just an indicator, however it can act as some support and resistance in times where we waver like this.

We can hope that. It is interesting to follow the bitcoin price journey as we will see if the price suddenly drops or not in the next few months. I think that will make our heart will beat faster when we see the price make another correction before it increases. Bitcoin price now is stable for a while, and it seems, the price is at the sideway mode so that everything can happen later. With $81xx at the market, the price seems not moving fast, and I think the trader is still waiting for the next thing that might happen. If the next thing the price increases, then there will be many demands in the market that will give a chance for the price to increase.

Maybe pump before bear market. Not bear market actually, pump before that big people will make people panic when they want price to be dumped. Halving almost come and i believe they wouldn't that easy only hold bitcoin and do nothing. Usually they want to accumulate more so they can get maximum profit when halving come.

Holding wasn't mean forever, it somehow we need to utilize each and every fluctuations may appears.
As thinking of the upcoming halving event is really a big hopes of everyone but not really sure if this will rally a huge market pumps or stay the same. 

Here's an interesting pattern that Mic shared yesterday:


I don't like to be too reliant on these sorts of fractals, but it's certainly one example of how things could play out. The shorter MAs which broke down (200-day and 20-week) may not be in control. We may find out in time that the 200-week and 100-week are dominant.

The first pullback in a bull market (and I think that's what this is) can be frustrating because it's not clear yet that we're in a bull market at all. All these proclamations about the incoming bear market? People sounded exactly the same in early 2016. Only time will tell which side is correct. I'm still cautiously siding with the bulls and I believe we are on the cusp of another long term bull market.

I don't think this is the start of a bull run or a sign of bear market. Rather, this is a normal pump, which we have been seeing every week in a month! But you are right that this market is very good for short time investment and profit is confirmed at this price. There is a chance for Bitcoin to hit a good pump in this month, I can't avoid that possibility too.

If we do not push the price to up again it will result to another down trend. But, do you already see that bitcoin step up again in 8000$ unlike few days ago where I check it the price is around 7800$ to 7900$. Everytime the candle in the chart might change that's why I do not have any idea if there will up trend or down trend. But, still we hoping that up trend will be in end of this year.

i think prices can rise to 9000 per btc  . for give market some support and for avoid big fall in prices
half of the correction is over ,maybe 7700 per btc  can be a good wall  .support must be provided to pay prices above 8,500 per btc   at least  to return hope and keep fear away.there is no justification for selling at these low levels now

Sorry to say for many speculators but the sudden rise of bitcoin price was only considered a false alarm, but not to the real side of bitcoin. Many of us  believed that bull run came, but it was only for a temporary situation. People didn't catch the trap, that's why we seem to notice that the market declined so fast in middle of September until present, and now it was struggling to recover even under $9000.

Well, it appears there is a small bull run in the market. but we don't yet whether is this bull run is going to stay for long. Since we are in the fourth quarter of the year perhaps the bull run can last for a month or two. The only issue we are seeing right now on the market only the bitcoin price is growing and none among the top altcoins. 

How about selling to secure profits? Or selling out of fear? Regardless of how low people consider certain price levels to be, there will always be sellers selling because of the aforementioned reasons.

We went from $20k to $3k last year, and each time the price went down by $1k people were wondering how there can still be sellers even so far below the all time high. $3k turned out to be a level with more buyers than sellers.

There is no underlying value the crypto market participants will respect like what happens with stocks for example---crypto will always be sold off or bought up lower/higher than what people think makes sense.

If me my target only for halving. After that, maybe i not hope on anything else. See bitcoin very hyped on last big pump maybe i think a lot of peopl already use their money to invest. In other side, maybe new people come, but not want to forget if a lot of people lose in their investment especially who bought at peak.

I think your looking at this too optimistically, 12k or 15k would mean there has to be a minimum price increase of around 50 to 70 percent, which is a lot when your looking at BTC hovering around the 8k mark right now.

I'm going to make a bold estimate and say BTC won't even reach levels above 10k this year. Things will improve next year with the halfing though.

We need to wait before the price reaches $12k or $15k and I think that will need more days to see that will happen.
I think we have a big chance to see that price again in the future as we will see the halving moment in the next years.
So if we check on the history of bitcoin price, before or after halving, the price will be increased so high.
But unfortunately, we don't know when it will happen so I think we can wait for that time and be patient.

Right now, we are on the verge of something big and we don't know where which is the toughest decision.

I mean we could go down super hard and go down to 6 thousand dollars, it is quite the possibility, or maybe we will figure out a way to get out of this bear run and go above 10k, we don't know which one there will be in the near future. That scares all of us we don't know what to do with our money, some people have fiat and undecided on buying bitcoin, some people have bitcoins and undecided on selling them, it is all kinds of messed up right now.

Because of the halving there was a lot of bulls and we all thought price would only go up until then, it didn't and since we didn't expected this we are all confused on what to do right now. I have no clue whats next for bitcoin.

After yesterday jump to $8600, bitcoin stay still over $8500, could be the new resistance level to before reaching $9K.
Another reason regarding Bakkt futures trading volume as @bakktbot tweeting updates on contract traded seems increasing.
Contracts traded so far today: 205 BTC
Last traded price: $8,610.00
https://twitter.com/search?q=%40bakktbot&src=typd

nah, it is just the bounce back from the big drop that we had. it has nothing to do with Bakkt and its volume although it is still interesting to see how it is slowly but surely growing even though people tried to belittle it when it first started up.
for now there isn't any real resistances ahead of us. the problem in my opinion is that there isn't any buying power to bring the price up and test any resistance since investors are scared now and want to wait before jumping back in again.

Right now it's down again to $8,350, market movements is hard to predict since there's no big effects after Bakkt was launched. We do need to work with more good news aside from this tweet to expect good value in the long run. Deeper research and allow yourself to observe before deciding to what position you will proceed. Being optimistic to make proper assumptions is needed while you are still inside this market. Don't fall to anything without doing your research.

Why is it different?
Did someone really expect what happened two years ago? I dont think so.
All are shocked with bitcoin reaching such certain heights.

Then FOMO came and a lot of investors tried to ride the wave which is a fake one.
Now, the same thing could happen but all are unsure about it. It will be just mere speculation once again.

The toughest decision will always be to not sell. I thought holding was the simplest job, but after only a few years here, I've seen even the toughest nut give up, and those with plenty of skin in the game let go.

It's perhaps much easier for me, since I earn only in Bitcoin... so I sell what I need, which is most of it, and whatever I get to keep, I see it as a bonus. At today's price, still more or less break even for me, but if BTC goes down to 1k let's say, I'd have lost the value of most of my savings. But knowing I still shelved a little in fiat, I don't feel TOO bad about it!

Yes, fluctuation will be constant as people use it to trade often, but the degree of fluctuation of bitcoin in future cannot be compared to the degree of fluctuation that it has not. The coin is still very volatile because the supply for bitcoin is still quite greater than the demand, but once we can overcome every obstacle that is making supply to be more than demand, then we will have some continuously increase and a less fluctuated coin.  

For me personally, I think that I am not clueless about where bitcoin will be heading to in future within that 2 years, I might be clueless about the other altcoins because right now, they have not functioned as much as bitcoin is function, so for bitcoin, I am more optimistic that the future is really bright for it and the future is almost here.

Bitcoin is the main focus of the traders since it is more useful than alts and we can actually predict on what will happen on it in future since for sure more adoption will come on it , unlike other alts which is questionable and we can't even tell if they will be active on the long run since mostly some of them are scam and altcoin scamming is so rampant on this space and that makes people doubt upon holding them.

We might not be able to see huge price surge or bull run that we witness in 2017 where prices cross $20k in short span of time because of dump situations.The price fluctuation are high  as prices are rising after bloodbath and cross $8000 starting from a low point but we will see another correction before another pump of this year or it can be manipulation of whales just to cash out their profits.So we need for actual pump to come in the market and be calm until that time.