Bitcoin Forum

I was honestly expecting Bitcoin to hit $50,000 soon. That didn't happen. It shouldn't have been surprising but because of big news like Terra's gradual purchase of at least 10 billion dollars of Bitcoin for its UST stablecoin, MicroStrategy's additional purchase of thousands of Bitcoin, etc, I was expecting that Bitcoin's price would somehow react positively.

And now that the Miami Bitcoin conference is currently happening with huge Bitcoin adoption surprises such as Shopify's adoption of Bitcoin lightning payments, the price is falling even more. Things are generally positive lately. There is also the news of the partnership of Jack Dorsey's Block, Adam Back's Blockstream, and Elon's Tesla for a 100% solar-powered Bitcoin mining project. And then there's Robinhood's integration of the Lightning Network.

These and many more good news, and yet the price is falling to $42,000?

It could be that the market is exhausted, we have seen the price from mid to high $30,000 to $48,000 so that is a huge jump already. And so investors could have been selling at proportionate to get some profits. Nevertheless, the support is strong at $43,000 and it's not easy to be broken specially with some good news around like you mentioned. So I guess we should wait for the $50,000 threshold.

I think the reason why it didn’t is because there is too much economical and geopolitical Issues at the moment. We got a war going on. Gas prices are at highs. We got horrible inflation and due to that we got maybe 8 or so rate increases this year. Fed has no choice but to increase interest rates.

Rising rates is not good for stocks and right now crypto follows stocks pretty closely especially the nasdaq index. So many people are on the side lines until this boils over. Another issue is the inverted yields which usually signal a recession. So people are going into risk-off mode.

It does mean that not all good news can be considered a factor for the price to rise up.

People seem not to react right away to any news, regardless of those is good or not to their own preference. But let's look at the good side wherein how much the price has already gone up since sitting at below $40,000 for a long period and in fact, there are speculations that it will take long before breaching again the $40,000 mark.

Let's just allow the price to rise on its own not relying purely on any market-related good news recently. Who knows that the little surprise you are referring to will turn into a big surprise.

As much as we think that the war will bring good to the market, because it did initially, I think this is one of the factors why the price continue to do down despite the many positive news that we had right now.

To much uncertainty going around us, investors might be hesitant to invest because of the situation and then we still have the Covid-19 and recently there is a discovery of a new variant.

maybe this is what correction brings mate? we can see that there are increase recently about that Terra entering bitcoin and that Miami Conference but still brings dropping to the market of Bitcoin.

and also this is how market goes mostly mate , after the consistent increase then there will be a decrease but that doesn't mean we are having a Bearish market.

i think over the week? there will be a Surprise coming from all bitcoin supporters here.

Have to say the same, a little surprised. And my posts for the past weeks have always said it needs a strong movement in one direction to determine how the next period will look like, but we haven't exactly seen that either. Pushes up to 4k, then falling back now to 42k, neither have happened as drastically, nor with the momentum to power through.

Also said April should stay above 40k the entire month before moving forward, and I did think that was likely, but still... slightly annoyed at myself for not selling a bunch I needed to sooner.

Lucky that i made some selling couple days ago , actually before falling to 46k ,  as i badly needed funds for my Mothers Eye operation , so with this I am happy seeing it fall badly since yesterday.

But like OP and You , I am a bit surprise because i am having a second thought if will sell some bitcoin or will withdraw my funds in bank, so good decision on my part for this one.

Maybe the market needs more support to lift the price because the previous news about bitcoin hasn't been able to help much to lift the bitcoin price.
But I'm still sure that sooner or later, the price will go up and who knows, the price increase in the future will be faster than we thought.
This situation is like being in between sideways and downtrend but I see it more in a correction state and hopefully, this is the last deepest correction that occurs.

Man, if I needed money for an emergency like that, I'm not even looking at the price or timing it, I'm choosing the fastest way to liquidate (which, thankfully for me, is still Localbitcoins, it gets me cash in less than a minute using a Trader "exchange bot").

I last needed a significant sum at the end of 2020, just as the rally was really starting to play out. I did feel a twinge of regret back in November for sure as it really was a chunk of my holdings, but the money was needed urgently and I didn't hesitate. I still sold above 2017 ATH, and on the balance, it was worth a hell lot more than if I'd saved in fiat, so absolutely pleased in the end anyway.

No point stacking if you can't use it to improve the lives of those dear to you, no?

Well, it's probably because it's not a "first kind of thing" event. It's not as effective as the first ones before it, and probably due to other factors which pretty much negated the increase that should've happpened (and even decreased the price instead). Maybe we need a different kind of event that could force the movement to go up in general (though tbf, the general movement these past few weeks has been positive). It only went down this past week I think? Might even be a correction from the past few weeks gradual growth.

The 200 Moving Average.

That is the reason why Bitcoin is falling these past few days. Lets also take note that technical is more reliable than the fundamentals and I don't think we should follow the news and base on that whether price of Bitcoin will fall or not.

In TA, the 200 MA is a very hard price to push through whether it is crypto or stock market and base on some analysts when an asset goes above the 200 MA and stays there for a long period of time there is also a chance that it will continue to go higher. Well, its not a certainty though that it will happen but I think that 200 MA is the reason alongside the sentiments of investors too why Bitcoin is falling despite of the many good news that is happening.

This is obviously a correction from the last 3++ weeks that we have been enjoying a positive growth and so this could be the start of it. But it seems that we are going to be on a sideway pattern, at least the price is around $43k and it should hold at least this weekend so I'm not expecting more downturn.

My long standing theory is that the price is becoming more detached from the value because of the constant outflow of coins from exchanges. The market cap is so high these days that if we were to measure value by the % of total fiat money invested in the space and account for inflation, we would easily be at 50k right now. To check it, just take one of the biggest exchanges like Bitfinex and check how much coins you need to sell in order to move the price. For instance, the coins needed to drop the price of Bitcoin by 5k usd (around 10% of total price) was just ~11k BTC. 500 million USD is enough to cause a crash on a 800 billion market cap asset. What do you think would have happened if someone dropped a bomb of 10 billion USD in coins on spot exchanges? We'd probably go below 30k instantly. Would that mean Bitcoin is worth 25k USD or something like that? Of course not! It would only mean that there's not enough liquidity on exchanges to support such big trades in such a short time.

Remember guys, price pumps and crashes are not a representation of value, but a trend on exchanges. They are only showing what people who trade on spot exchanges are doing and should concern you only if you're trading or planning to move from BTC to another investment.

Buying more when the price is low and waiting for it to rise again, I always feel people are being rushed and impatient. Control your psychology with the market. Although each person will have their own way of managing their wealth, I see many people are still stuck because of losses in the market, and those who are profitable are still feeling overwhelmed. I feel happy no matter how the market turns out, satisfied with what I have.

Price falling around $42,000 for me is normal, I believe the strong support for Bitcoin from a short-term perspective is the $40,000. It also becomes psychological support and the $50,000 level now is strong resistance.
I am very bullish for the short-term to mid-term for Bitcoin right, with these minor drops in Bitcoin, I believe it is just a temporary and a healthy correction.

I think you have a good idea of what is currently affecting the markets, and there is a lot of talk about these things on various business TV channels that I have watched in the last few days. Despite the good news, risky investing at the moment is not an option for the average Joe as he becomes increasingly aware that the prices of all essentials are skyrocketing.

Of course, that doesn’t mean no one is buying, but even big fish can’t move the crypto market upward at the moment.

I'd say it will take time before the market will digest what's going on around worldwide and it's not only monopolized by the good news that's mainly crypto related, it needs outside of it's realm, maybe the stock, forex market as well. We're in the sideways market or accumulation phase so ranging from $30k - $50k was a normal thing in me I guess.

I also have surprised that the market is doing nothing positively even after having many great news .The market teach us that it is really tough to get what he wanna do next .I was really waiting to get a positive and strong bullish trend after publish the news of investment by Microstrategy .You have mentioned all the big news what was really expecting to go market to the uptrend but its not happened .I think the whole market are on shaking and hopefully we will get a good positive trend to the up .I am not doing any trade right now and trying to get the movement of btc which is really stuck on 42k$ now at the moment .Lets see what happen in next .

Although that it may look surprise but it doesn't mean the price won't go back there. Yes the expectation of many including myself was that it will keep going higher with the positive information so far. The bull has a way to ride the market when it is time, maybe we are having a little correction downward for another run to start. Enough reasons could have caused the drop but with a few more positive news will begin the highs

Year back,which is 2021.If you say other people,the people of bitcoin will cross 50k dollars.All will laugh on you and say don’t do marketing of crypto with them.But that 50k dollars was happened.So everything is possible in crypto,specially the bitcoin.Even now,some people skip of crypto by seeing the value of 38k dollars in the bitcoin price.But pump and dump are easy one.

News is one thing, we should really see the current situation before getting hyped. The price fails to break the resistance and its expected to go down after that, don’t worry if that good news really into this market the price of Bitcoin will rise eventually and we might reach the $50k mark again. Let’s just enjoy the price for now and buy more, this is a great opportunity for that.

Perfect timing of the news can also be more effective but since Bitcoin price is still struggling to recover, those good news didn’t affect much for the price of Bitcoin. This is normal, we’ve seen this before already and most probably Bitcoin is just waiting for another momentum before going up, don’t worry much about $42k price, we survive the $30k level so we should not be afraid to stay at the level of $40k for now.

This is expected when Bitcoin fails to go beyond the resistance, the news is not enough to create a huge demand and this is the reality.

If we are going to look at the past trend, we are on the same scenario. That good news will take effect once the price stabilize and able to create momentum that can break the resistance level. Bitcoin will eventually hit the $50k, its not for now but soon once the whole market becomes stable. That is still a good news btw, that means many are into Bitcoin now and that can affect the market later on.

Perfectly normal natural behavior and entirely infuriating for sure.    Price never moves in a straight line is pretty much a rule I take as true almost any time, the exceptions are large bullish moves but even within that profit taking will occur.  We had a rise, some of that was leveraged trades and they sell now and its always a bit like that.   Nothing wrong, think of it like a wave on a beach it happens all the time.

what more can we expect in this market? it is old news already and by now, we are used to it already. it now lies on how are you going to attack this situation to your advantage. roller coaster ride is just a normal ride in this market.
remember up until now, no one can confidently tell himself that he knows what will happen next, or few days from now.

It's possible that the effect may not yet be seen. Well, $42k isn't bad if the effect has been there already with all of those good news that we've got.
The market has never changed and it's always been a speculative market after all. It could reflect to the good news or no effect just as what we're seeing right now for which isn't really surprising at all.

Yeah it is Very dear to me mate, though what had happened is for emergency and Coincidence mate because It was just a regular check up that comes badly with the result so i need the funds timely so Yeah i am not looking for timing its just happened that it comes when the time i badly needed .

But thanks for the concern man, I can feel that you are also a Full of Heart person with this attitude you've shown.

In the past bitcoin served as an independent market. Now scenario have changed and it has dependence over the world market. Right now more incidents were happening around the globe relative to the war and the covid-19. Often we get to know about new variants of covid-19 which is also a cause. We've got more positive news associated with bitcoin, on the other side there is war, rise of oil, political sanctions and more.

Apart from these dependence what we see with the price move of bitcoin is quite normal. As we're with some expectations of price reaching $50k and it wasn't able to make it even when the bitcoin conference with more positive news is the reason for the surprise.

as far as i've ever felt, usually when so many good things are happening, and prices haven't gone up, that means we just need time for it. chances are the price will explode and go higher in a short time when it does.
however, a few other things is, not all the good news that will lead us to a bull market. because, we don't really know what happened, and only read about it in some news. to be honest, i also expect to see a price of $50k in the near future, because a few days ago, the price of bitcoin was very close to that price. however, in the end the speculation faded when the bitcoin price dropped to its current price. well, right now I just hope the price of bitcoin can return to the price of $ 45k - $ 48k again.

I totally agree with the short and medium term. In such a range, we both have to figure out the profit and the risk. However, many people who can't control their own behavior in front of the camera are taking things too seriously in this space. Perhaps over time, the lessons they learn will help them get used to the new things in this more.

I have been surprised by a lot for some time now. Apart from all the positive news that we have been seeing in the past couple of months (not just recently) we have the inflation that has hit most of the western countries. And I strongly believe that during inflation a lot of people would start investing their cash into different things to keep their purchase power as the value of their cash keeps declining. The high bitcoin trading volume despite the lack of price movement is a good indication of it too.

And yet price isn't going up which is very surprising.

My guess is that the situation is a combination of lack of confidence among day traders (not the investors) that makes them either sell more or stay away watching the market waiting for a positive signal and the market manipulation which can be seen in the number of shorts that jumps up from time to time as soon as price tries to go up.

That is a good advice that they should follow now that btc is back at 42k again. it's like btc is giving someone a chance to buy before it takes off in to a whole no other level. In cryptos, one must be patient because it can sometimes take a long time before the price starts flying high but we can't avoid that there's always people that enter here for the sake of easy money and they are the ones that complains often, I am not saying that it was the OP.

Some people gets stuck because of their own greediness. They have been given a chance to sell before but they didn't because they are waiting for more. I think those people also the ones that complain and want the price to recover again as soon as possible.

It does happen all the time actually that whenever there are good news the price of BTC slides and bad news sends the price up. Its a pattern that you'd notice in crypto,  you'll probably see it often when you are in crypto for years. Last year I think the price also plunge while the Miami conference is also happening. The whales are trying to make it appealing to the new investors that is about to come so making the price cheaper is giving discounts to institutions that wants to come in.

The Bitcoin conference in Miami can't pump the price.It's ridiculous to have such expectations.
There's are no conditions for the formation of a FOMO phase and the Greed&Fear index isn't heading towards the "greed" zone.The buyers will keep feeling insecure about the future Bitcoin,so I don't expect a huge increase in the demand for Bitcoins.
The price going back to 40K USD isn't bad news.Bitcoin dropped below 40K several times during the last two months and it always recovered pretty fast to levels above 40K.This is pretty normal price volatility for Bitcoin.

To reach the price of $50k in such a short time it seems impossible because at this moment the price of bitcoin is still below the price of $45k.
The bitcoin market at this time still can't give a sign that there will be a bull run for the near future, even now the bitcoin price is still around $42k.
Everyone is hoping for the best with the bitcoin price.

probably there's a different activities in the market reason despite of some good news it decrease the price instead, and for me this is normal and this things usually happen in trading especially if most of the whales are active and shorting in the market.

We must remember that markets are not logical and instead they are driven by emotion, even if it would make sense for the price of bitcoin to go up in value with all of those positive news, if the demand does not increase and the supply available at exchanges does not goes down then we cannot see an increase in the price of bitcoin, it is that simple, a great deal of retail traders and investors have used all their money already so there is not much strength to go towards the 50k level at the moment.

To see an increase in the price, a positive scenario for bitcoin would be the regulation of the bitcoin ETF's in the U.S. or the indication from the SEC that there is going to be a bitcoin ETF in the near future, and both of these are not the case at the moment, so what we will see for bitcoin is a lot of sideways movements as expected. There is likely to be some movement on Monday when global markets open.

The fact that the price of bitcoin is still under the $50,000 level from a couple of months ago is showing that there are still a lot of issues that are holding the price back. Until the price of bitcoin gets out of the $50,000 range , it is likely that we will see a lot of sideways movement for bitcoin with a lot of corrections and it will be hard to see any increase to the price.

Or it's also a good hint to keep your Bitcoin for now,

those big investors are placing their position the chance that they are planning for much better run might
happen along the way, maybe it's not for now as some traders are expected to see a good run but it didn't
happen and instead the market show some correction.

You cannot find a solid answer for the reason why the price is falling, there are many investors who are investing billions in the market for the past one year and you should expect them to book their profit whenever the price rallies and that is what is happening right now. You can hold the coins for a much longer time and the price would recover, patience is the key ;).

@7788bitcoin. Agreed and similar to many people in this thread, I was also very bullish on bitcoin because of those reasons @Fundamentals Of shared. However, there might be other occurences in this market that might be much too powerful against Do Kwon, Saylor and Elon. This occurrence mentioned in this article might be one of them, I reckon.



The plan to compensate creditors of the collapsed crypto exchange Mt. Gox has been approved, and payments of about $9 billion are set to go out soon.

While it's still unclear if payouts will be in cryptocurrency or fiat currency, some industry watchers see creditors getting bitcoin in a matter of months.

"Those affected will receive a large sum of bitcoin, likely happening in Q1 or Q2 of 2022," Matthew Dibbs, chief operating officer of crypto firm Stack Funds, told Reuters.

Source https://markets.businessinsider.com/news/currencies/mt-gox-bitcoin-settlement-payouts-9-billion-dollars-early-2022-2021-11

I also agree that we must first be patient waiting for Bitcoin to reach the price of $50k, in order to see an increase like what happened in 2021.
But the fact is that there are quite a lot of problems in this world that ultimately affect the price of Bitcoin which is still stable at a price of $40k+.
Several times Bitcoin tried to approach the $50k price but failed every time, and now it's suddenly corrected to the $42k price, to be honest we still
have to calm down and not have to worry. Because as we know the price of Bitcoin will always recover, how deep is the price of Bitcoin going down.
Therefore for now there is not much we can do other than holding the Bitcoin that we have. Never be tempted to sell the Bitcoin we have at a low price,
I even suggest if we still have capital we can buy more Bitcoin now.

some call it correction while mostly called it manipulation , though there are lot of things good happening yet the situation comes from the other side, for how many times that we have seen same condition and movement from the market? specially in Bitcoin that usually the victim of this trend?
i may say that I am also surprised but also i am ready in this scenario , i would rather express my interest in Holding than selling when this season comes, and knowing this will just pass? i think keeping the market out of my site for now is the best strategy to conduct .,

The price is now barely above the 40k level and it could go down even more during the next hours, I will be honest and say that I am not really sure why bitcoin is moving the way it is moving, it seems that people are still selling their bitcoin despite the positive news that we have been watching during the last weeks, and while this could be puzzling at the same time we need to take the opportunity that has presented itself to us, as buying bitcoin for sub 40k levels is great and I do not think such price could be available for long.

News even sometime does not change the overall direction of a trend. The bigger event which is Russia- Ukraine war, which has caused uncertainty around the globe, I think that the market is still respectful of that event ,until when the war has come to an end or when they come up with an agreement terms ,that's when I do believe we will begin to see a major turning point in the market. Hence this whole thing may ball down to 2024 when we would expect a major rally after Bitcoin's halving.

Bitcoin price is unpredictable which it can pump today and dump at anytime in the crypto market. Bitcoin price is falling to allow people to prepare well for a great future because the price is about to hit $50,000 soon, so that long term traders and short term traders can start earning something good from the market. What traders are experiencing now in the crypto market, is a sign that this month of April will favour all the crypto traders that invested huge amount of money on crypto investment last year 2021.

Thats why im not really a fan on guessing about having breakouts or those pump kind of behavior which is something not that really surprising and so as with with dumping or decreasing market which isnt something

surprising.When bitcoins price hits up 48k as far as i remember on where people do keeps freaking out on speculating that it might break 50k soon but look at on where we are now?
If you have trade up futures then you had fucked out yourself but for those who had made out some spot then thats still an opportunity to make some DCA.

The fall was mainly caused by the high level of sell pressure. It means that there were ton of people or basically ton of money being sold on the market price for a long time and not giving buyers any chance to match that. This is a bit shady this time around, there are periods when it looks shady and not just what market believes.

If I believed that the market didn't had any trust that price would go up and that is why they sold which caused it to go down, I would understand it, but I feel like there could be some manipulation right now as well. This fall didn't looked like others, it looked a bit more fake and I am not sure if it will stay like this for too long.

We should really think and believe that there would really be selling levels on where whales and retail traders or simply investors would consider on selling out which is something a very normal.
Not really that very new or rare that people do usually freaks out whenever they do see these kind of declines which is something too common into this market.
You got surprised? This basically shows that you arent really that old enough to have some experience on this market on how things move on this space.

And just like that, the support around $40k is broken right now. So we are in the danger zone again and might be back to the lowest low of the year or even dip lower again.

So much for the good news, the selling pressure is now at full swing, everyone wants to get out or at least hedge their bitcoin again so that they won't lose any money during this current down turn that we are experiencing.

Look, the market is not just dependent on bitcoin news for its movements.

The macro outlook is grim with high inflation and rising interest rates expected on the horizon - which is why people are pulling out of risk-on assets. Bitcoin just got caught in this headwind.

I honestly am not sure why people are overreacting so much to it since Bitcoin is literally the best inflation hedge you can ask for, though. Oh well, buying opportunity presents itself.

People are overreacting because they are overleveraged in crypto that is why. They got into crypto with money they shouldn't, and they do not have patience to wait it out neither and that is why it doesn't end up being regular reactions and that is why you see plenty of people who react crazily over smallest of movements.

Bitcoin goes up 10% and suddenly everyone thinks that it will be 70k, and it goes down 10% and everyone thinks it may go down under 30k, those huge reactions are because they are stressed about it, they are either scared or excited whenever it moves and that is mainly because they have money that they shouldn't have put into crypto.

bitcoin price is currently bearish and is at $40k with resistance between $38k and $48k. I think bitcoin is playing between the same markets in the last few weeks. do we expect bitcoin to penetrate new ATH within this year, I think with the current market war conditions it is a bit difficult to penetrate new ATH, but take advantage of short term investment opportunities to look for fantastic profits.

Without a doubt the amount of traders that use leverage also contributes heavily towards the volatility of bitcoin as the level of leverage they are using is very high, that means that while for holders and traders not using leverage a downward movement of 5% is nothing to worry about for someone that is using leverage of 10x that means losing half of their capital in just a few hours, this creates a snowball effect which causes many leveraged traders to get margin calls and have their positions closed automatically which makes the price to go down and makes even more people to get margin calls creating a vicious circle in the process.

This is what we were talking about right now, with a lot of positive news we see a drop in the price of Bitcoin instead of an increase and this is a surprising reason for everyone, it seems that the whales are playing in the market greatly, they are taking advantage of the positive news to push people to buy more amounts of Bitcoin and at the same time they are selling The huge quantities  that they have, this causes the price to fall more and more. This is a dangerous game for whales to play and they are sure to raise the price soon.

I think the OP misunderstands something about the Bitcoin market price momentum that there are a lot of things that influence or impact the price of Bitcoin in the market and MicroStrategy/Terra's additional accumulation is not enough to impact the market is mining difficulty presented negative sign.
Yes, it is good that a lot of organizations are not bullish on Bitcoin but we also need to focus on creating a platform that will make Bitcoin payments to be used in our day-to-day life.

This is also something that very weird in cryptospace . When there are so much thing happening that we think can bring good boost to the market or at least in a currency that we are holding? But suddenly ot does not and instead made its way on the opposite side.

But of course this is also thrilling on that part because we are subjective to be more knowledgeable and observant

I wouldn't say bearish, people throw in the word bearish too quickly, literally in the last 30 days we were under this price, just because we had a small increase during this period and went back to where we were doesn't mean that we are in a bearish movement. It just happened to be going from 38k to 48k to 40k, that is something that happens in crypto and nothing extraordinary.

I know that it is not a big deal and I know that we should be seeing this as a regular thing but at the end of the day it is not bearish, it is just normal. I get that you may be upset that the price went low, I am not happy about it neither, but do not feel pessimistic about it neither.

The said huge purchases will somehow give an impact on the price but that doesn't mean the prices went up to $50k instantly, we can't expect that. The market needs consistency in the market demand and must gain a strong support level to possibly make it, unfortunately, that was not what we are seeing now. Even the Microstrategy and Terra are investing Bitcoin in huge amounts, I wasn't expecting too much change in the price trend, We'd still be experiencing a sideways movement.

Yes, if there's no support other than that purchase, the value will still fall,

Unless there are more investors to follow what Terra and Microstrategy plus the adoption that will take place from
more businesses, it will create a big impact.

If that will happen, we may expect a huge bull run and anticipate more money to flow around. Otherwise, we will
just continue to see the same market movement, a little up and down while working with good barrier.

There are to many important factors that will keep bitcoin under 50k mark and personally I don't expect this cycle to be broken anytime soon.

In my opinion , is kinda risky to invest into cryptos right now as we never now what can happen tomorrow with graph being so hard to read. It was full of posts and articles on internet about Bitcoin going over 50k by april , bitcoin going over 60k in april but none of them happened.

Please remember that only a few crypto owners saw this bull run coming last year and most of us didn't anticipated anything like this so yea...we are all surprised.

What are those factors that keeps it under 50k? I know a few that could get it high, like if sanctions continues then maybe Russia could start using bitcoin in a governmental level that could increase the price?

I am not saying this will happen, but nobody in the world could guarantee it not happening neither. Or I could say that there could be a whale pump, based on long futures investors with high leverage, in order to make even more? Or I could say Elon could tweet. None of these needs to happen, there could be a sudden increase out of nowhere as well, doesn't even need a reason. It could also not go up as well, I agree, but I doubt there is a guarantee of being under or over 50k, it's unknown.

I don't think that whales are controlling the possible uptrend of the market but I see the demand wasn't huge enough to move the market high. We are in bear season, that is what I thought.

So much happened last year and the impact still even reach early this year. Now, it was the time to face the bear side of the market as despite the said info of huge buying by Microstrategy this even not it helps for the price surge, we eventually still moving slow and unstable.
$40k- $48k- well, for me, the price isn't looked bad, that was still high compared to the past years.

That becomes a puzzled on us and wondered how this did not even push the market to increase as we mostly design to think positive and pump once hearing good news. But too unfortunate that the price never went high, instead we see dropping off of their value.  That is really surprising but I realized the situation that the market had already changed, we can no longer compare it to the past years where manipulation is strong and had a strong influence on the whales.

Idk, natural market movement?  I mean, even if we all received "positive" news of stuff related to Bitcoin, I hardly doubt it'd always go up. Especially since the past period has been from a recovery from the almost dip to $30k or so levels, so I reckon this kind of adjustment is quite understandable right now. Maybe wait till the end of the month, we may see some more positive growth if investors don't get FUD due to the market balancing itself right now. It honestly doesn't look that bad even tbf, I'd just wait for it to go up in the next few weeks or months maybe and take my time.

It is not really that puzzling that the price went low, I mean look at the stock market, that went low as well. Main reason for this is that people are using their money for something, they do not invest, not to stocks, not to gold, not to crypto, they are using it some other way. There are periods in financial world where people put their money to good use, and there are periods when they just hoard it.

We are in a period where they hoard it, like rates are good enough, and they could simply put it on interest and make good enough, not a lot, but good enough. Maybe it is just about how the situation is more inclined to use their money that way these days.

When new people buy the bitcoin with huge investments.They became a whale to monitor the bitcoin price for certain period.If they brought for 10 billion dollars of bitcoin.If they decided to reduce the price of bitcoin,they can sell 5 billion worth of bitcoin with all the buy others.Then,they will be huge fluctuations in the price.So the price of bitcoin was reduced.When they like to buy,then easily they buy with less than sold price.

All good things come to those who wait, its nearly end of week which means weekly bars are a good place to look for this medium term type of price objective.  50 k is reasonable but situation has to develop, remember the Dollar index is high right now so we are definitely walking up hill and its pretty steep progress imo.

https://talkimg.com/images/2023/06/12/Asxtw.png

While I am a believer of Waiting is the best strategy but with our position now? i think there are still hardship to expect mate .
maybe this year we can see some  good movement or at least taking back the 50k , but to look for ATH is not to happen as I believe now
Maybe I may be in despair but at least I am not a great expectation and then will cry after.

This should show us once again why trading the news or using fundamentals exclusively is a risky choice in this market, we have seen a lot of positive news lately and yet the price is barely above the 40k level and it could go below it at any moment, so while positive news are always welcome someone that is trading the markets should always be watching the charts and the movements of the price to be able to tell if the news are having a positive effect on the market or if other traders are ignoring what is happening and think of it as secondary compared to the dynamics of the market itself.

Relying on any news is like looking in a muddy puddle for a reflection, not impossible but often unclear and distorted.   We make fun of the communist countries for being fed party political views by their governments but the world wide over we have bias in all that is reported, the nature of all human communication is subject to degradation and loss the further we are from the source.
  I far prefer graphs, volume and historic record of trades actually done.  Then we have to contend with guessing what happens next but I find more facts in deals done and certainty where people must have paid a price to transact then news which is maybe.

Of course waiting is the best decision for the current market conditions, because it is too risky if we make decisions in a hurry. Especially if
we invest in Bitcoin, the more patient we wait for it to get better, because after all Bitcoin is very profitable for long-term investment.
And it must be admitted that after Bitcoin experienced an extraordinary increase in 2021, it seems likely that it will not be repeated in 2022.
Because we need to experience the bearish trend first, after the bullish trend that occurred in 2021.

I agree the best possible Bitcoin hit in 2022 is to hit $50k, because it is too difficult to expect Bitcoin to return to the ATH price. But we must
not despair, let alone doubt the future of Bitcoin, no matter how low the price of Bitcoin falls, one day it will recover and possibly reach new ATH.
So it doesn't matter we have high hopes for Bitcoin, at least it makes us more motivated to hold Bitcoin or collect more Bitcoin. Because as long as
we can be patient, Bitcoin is the best asset that can surprise us with big profits.
 

Patterns that have a better chance of repeating itself is really good when dealing with trading.

The anticipations and the adjustments that you can do is possible to enhance your success chance, unlike doing things
like gambling with your investment.

The chance of succeeding is great when you have a pattern to follow. Keep things the right way and always adopt when
it's needed the most.

Of course, we wanted data and numbers to predict what the future will bring to bitcoin market. Yeah, it's also guessing, but I guess it's more calculated though than just putting numbers randomly. But we can't discount that news really affects the market that we love, it's how investors and speculators play, as others say, "buy the rumors, sell the news", and this is more evident here.

There are those people who don't mind the fundamentals too much. They prefer to predict using the charts and technical indicators. But at the end of the day, in a highly unpredictable market, both technical and fundamentals analysts are actually guessing.

The charts could actually tell you a thousand possibilities. The fundamentals the same perhaps. But what I like most about fundamentals is that there is an actual basis for your prediction. The charts may suggest that the price will rise but is it enough reason? On the other hand, once Apple or Amazon for example will announce that they are buying Bitcoin, you can be almost 100% sure the price will rise.

Literal manipulation , but people nowadays are not interested in small movement meaning not like in the past that small holders are becoming affected even in small manipulating but we are now aware of this and whales will not succeed in their plans.
I know that in certain situation we can see for the effect but we know also that their act will take effect only once they are the acting together with other whales to shake the market really big.

And all Mondays come to wreck the dreams of Sunday bulls (not that they were anywhere near the horizon when I last checked). I'm doing all kinds of strange surprises to myself these recent weeks, keep checking to see how badly support's broken, only to find an unexpected wave of strength, then just as I'm convinced that's hinting at underlying strength, we lose key support again.

The situation of course hasn't changed in terms of development indicators but market forces don't appear to want to make it any easier on the bulls.

We know that both news and rumors can indeed affect the markets, but exactly to what extent a particular news can do so is something you will never know, even if we used technical analysis it would not be possible to know how much of an effect a news has as each market participant is taking actions based on what they believe is right, which may take into account the news or not, this is why some disregard trading using the news and prefer to just use the charts and indicators as the market behavior is more easily observable when you use them.

when you have a war between russia and ukraine and then most of the countries putting sanctions and the markets are in despair due to the crisis that the war is causing then we can clearly see that there is no way to have an optimistic scenario for the price of bitcoin to be increasing very. investors are afraid of market uncertainty. many people are more focused on observing the outcome of the war and then deciding on investments

At first, I wasn't really bothered by the Russian war in Ukraine. If it has any strong effect on Bitcoin, it could even be positive since those who are planning to flee the country to relocate to a safer place might find a better way to bring with them their wealth. Their options might include Bitcoin. The function of the banks in Ukraine would be reduced next to nothing but Bitcoin remains fully functional despite a war. People transferring money in and out of Ukraine could choose Bitcoin.

But it looks like the economic impact of the war has also affected Bitcoin.

That is why many of us are sadly looking in how or why this stills hinder the increase when there are many things happening in good side nowadays.

Why would this needs to be on us while the support is continuously getting inside the market.

But of course let us not lose hopes right? that this year will still our beneficial year lol

Lol, that does happen in bitcoin a lot. I am usually shocked by them as well but at the same time I am sort of shocked that I could still get shocked about anything bitcoin does. It is definitely something common in crypto if you look back. Mondays are not that bad and I am glad that we had a little increase.

I am guessing that we are going to end up with something decent in the long run as well, not just on a Monday, but like a long term, takes a whole month to reach levels of high level. I could be wrong, maybe it will be 39k to 42k all week for another week and we will just stay here stable without moving too much. But the indicators show a breakout is imminent.

This could be a indication of bears still in control. I am expecting another correction as soon as this terra BTC reserve hype fade away. But BTC did surprise investors by not losing its ground like it did on previous bull run.

Saw a news that Russia is going to legalize crypto currency. I won't be surprise if they buy some BTC internally because they are testing ways to face western sanction. Already gold standard rubble is on the process and who knows what's going on in their minds regarding bitcoin.

Bitcoin was able to stay above $40000, indeed last month it was at $50000,
and unfortunately the bears have entered the market and bitcoin has fallen below $40000,
but I am grateful that Bitcoin is now able to breakout from the $40k resistance,
so hopefully this price will continue to rise, I know in Q2 historically bearish won,
but I'm sure everything can change.

Bitcoin moved too fast in 2021 and the market got too exhausted after stretching too long. The impact of the news is actually accumulating and will be the gear that will add up to the next massive bull run when ever it will reflect on the market. There is no point for panic Bitcoin bull run is closer than you can imagine

If you've been here for this market then these stabilize-like kind of condition or less movements are really that happening or typical i would say but if you been get used to bitcoin price or in overall market then you wont

get surprised but rather you would really be preparing on something which is upcoming even though its not an assurance but we do anticipate that history might repeat itself once again.
Crossed fingers but who knows right? Thats why invest on the amount which you could only afford to lose and dont go into that certain extent that you do hope
that much.

Indeed, expect something that will generate you a decent amount of benefits.

Not an assurance, but if you anticipate well and by following all the patterns that you have learned while investing in
business, you surely preparing and taking all the possibilities to hold more.

Just keep doing your DYOR, in terms of financial capital, use the amount that you are willing to let go for some time
don't use those you'll be needing in a short while. The chance of burning is possible with this kind of volatile market.

The mindset of the people has now changed, they are not in panic anymore, they'll just put themselves at ease. Manipulation is really the thing that changes a lot on the market and so does the whale's participation. Up and down in prices is not a mere thing to see in the market and certainly, we have to expect this because whether we like it or not, whales will somehow influence the market.

Fluctuation arises and no way to stop it.

If just a small drop was the indicator of bears still being in control, then I believe this small increase should also tell us that bulls took over and now they are in control? These things do not really mean anything all that much, not as much as you think.

These are just small increases and decreases that happens in crypto all the time and we shouldn't really be worried about it. Bull is when the price was around 10k in 2020 and was 68k in 2021, that was a bull run, and when it went from 64k to 29k in 2021, or when it went from 68k to 40k late in 2021/early 2022, that was a bear run as well. These type of huge movements are bear and bull, others are regular days.

The difference is that those people with a lot of money do not need you to get into panic mode to make a profit. If there are a lot of people with long futures, that means if the price goes down their positions will be liquidated and turn into USDT which means system will sell bitcoin and drop the price automatically.

So, if they have 10 billion dollars worth of bitcoin, they could short it with a few billion dollars, and could sell with 5 billion dollars, and they will crash the price not only because they will be selling, but because price going down will result people with high leverages to get liquidated and keep dropping the price even more, so whales could buy cheaper and more while profiting from their short position as well.

Like us? yeah I am really into that as all my funds  now is keeping  inside and has no plans to release them because i am waiting for the right timing to sell out.
 Manipulation ? this has been an issue since i learn crypto but up to now ? there are no concrete proofs of this is happening , and this is also the reason that I am still believe that we are independent and not manipulated .

Bitcoin always makes something unique, when many companies officially announce for adoption it is market red, but when there is news that many countries have banned bitcoin the price skyrockets, this is what makes us always interested in following the bitcoin price but I'm sure that the price will soon skyrocketed and this year it could reach $100k.

Please don't get me wrong. It was not because of that small drop, at least that was not what i mentioned. I think the bear is in control because there was so much positive news about crypto but the market dumped it instead of pumping it. I thought that was an indication of low buying pressure and that the bear was trying to dump the market. It becomes very hard to predict anything correctly because after that, the market again shows a rally above 41k, which proves my prediction wrong.

it could be what you say that the too fast increase in 2021 for bitcoin is making high saturation at this time, so that a lot of good news that should indeed make a positive movement in bitcoin is not visible and it seems that now the price is indeed entering at a stable price.


trends in prices that are stable of course this will bring good hope for bitcoin in the future. I hope there is no FUD news that makes bitcoin go back into a prolonged correction. actually the bull trend has started to appear and just waiting for the situation that has already been formed. now all big holders can help too, so that there is no more pressure on bitcoin by providing incentives by not releasing what they have into the market immediately but waiting at least until the situation is possible or at least until entering Q2 where the forecast will be a change from bitcoin.

I don't think this is a surprise, as we know that bitcoin and cryptocurrencies are like a roller coaster, sometimes price fluctuations move quickly up or down, and I think this is what makes us excited and interested to keep abreast of bitcoin developments, but if we make it for long-term investment long then just hold in the wallet and see a big change a year or so.

Not for us old-timers but for the newcomers, they can't appreciate it, they instead get shocked. Perhaps, I was this feeling before but I was then changed as I understand the nature of the market, and I believe these newbies may change their views as well. Yes, it takes time but it was how we adapt to the situation that we have never encountered before.

For as long as we can manage to hold, just do it. There is a perfect time to sell, patience is very important in this kind of investment.

When the price of bitcoin fell 2 times significantly, namely in 2014 and 2018 it made me not interested in bitcoin anymore, even at the end of 2018 I left balances on several exchanges with a current value of around $40 because they did not meet the minimum withdraw, and when april prices skyrocketed I tried logging in and was surprised that the balance was around $700, but sad because the biggest balance that I kept in Xapo wallet is gone.

Indeed. It takes a lot patience to be a gainer in crypto because even there's a fundamentals that can be a basis to predict the next movement of the price, sometimes it didnt go according to what people are predicting. Hence its best to go with the flow and take advantage the situation, bear market for buying and bull as a perfect timing to take profit.

I agree with you, because the massive bull is about to hit the market for people to begin to experience  positive income from the market. What people experienced last year 2021 when the price of bitcoin increased to $50,000, is about to happen for long term investors to smile again and not to panic any more because the price will hit higher soon. I believe the price of bitcoin will increase to $50,000 before the end of this month  because the price has moved from $39,000 to $40,000 few days ago which the bulling period is about to affect both short and long traders in the market.

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Buy Low sell high . that is what we most believe but for me? i can gamble to buy in High and wait for another higher .
because sometimes it is not the chances to buy in Low but the trust we game in bitcoin , but when you have funds and just keep the currency on hold in which in the following months or years? you will surely makes a difference .

People could be shocked to know that bitcoin actually has a stable period as well in between of those huge ups and downs. Like for example the year 2017 saw us go from 700 at the bottom to 20k right? We all remember that. We also remember the period in 2018 where we dropped.

But, if you asked people they will not remember that from around May to around September, we actually had a period where it was mostly between 6k to 8k and just moved up and down between those two. This is where we are right now, it could go down even more, it could go up a lot more but we know that we are in a period where its stable for the time being before it decides what it will do.

Today's Market Red Again and I am sure that many panicked and sold at the current price, but successful investors certainly make today's moment to buy more, I am always optimistic that with hold and patience then we can get big profits.

Without realizing it I also like most people, only remember when Bitcoin experienced a high increase and when the Bitcoin price fell. As for when
the Bitcoin price is sideaway, I often forget about it, even though there are moments when Bitcoin moves steadily. As is the case now Bitcoin is
only moving around the $38k-$41k price, it looks like Bitcoin is hard to go down and hard to go up. In this period, what we need to do is to monitor first
to learn where Bitcoin is going. Or we can also do short-term trading seeing price movements like this, so it depends on each of us to respond to
a stable market condition like now. What is certain is that current market conditions are only temporary, in the end Bitcoin will show a very high
price increase or vice versa Bitcoin will fall even deeper. Whatever happens in the future, investing in Bitcoin is something that is profitable if we can
be patient waiting for the target we want to achieve.

although all of the above is good news for bitcoin, we can't guess inside the hearts of investors.  currently the market is "sideways" and very stable in the range of $36k to $42k and maybe this will last for the next few months even though there will be a lot of good news about bitcoin that appears.  imo this is still the best opportunity to continue buying bitcoin as a long-term investment.

Patience is the key to make big profit with cryptocurrency. We need to keep hold, and try to buy more when the market is down. In the past when the market is found to be crashing people get into panic and starts selling. This will be used as an opportunity by the whales in the market. Nowadays this has changed, because people believe it'll bounce back after the drop in the price. As said the market movement is sideways, and there is no drastic crash which helps the traders to make profit.

The main way to combat surprise in any price occurring is to discard the presumption the price is always accurate.   Day to day  the price is subject to demand and supply and various outside reasons for variation in these things.   We all know public holidays, celebrations, festivals, religious events all nothing to do with crypto directly can alter the public trading of this asset even when its open all hours across the world.   Price is not a precise thing, its a whole range of possibilities and part of that is volatility outside our control.  Its surprising to me how regular BTC manages to be despite all the factors pulling it in different directions.
   Daily prices arent that accurate, neither is a week and we have big influence from upset global trade across multiple years.   I would count 25k to 50k as just one area, a very wide road I know my consideration is very casual but to estimate we need to constantly update not be fixed in our views imo

Now it looks like big institutions don't like the situation of the market despite of some good news previously reason bitcoin still not in a good condition.  For me these is a big example that we need to make sure everything, i mean if it will gonna be fine afterwards before entering and making investment.  But it this is just a temporary situation, we must hold instead!

When is Now?  because we have this situation for the whole month of April and now we are at May the same scenario .
How would you call this as  some Big institutions that dont like the situations? it is not the Good news that will make the price grow instead it is the investors that buying and selling bitcoin and crypto .

Bitcoin early dropped in this year.Totally this year bitcoin price is staying around $40k.But when was the surprise this year?We are not haply with bitcoin price this year.When bitcoin price will rise again?This year or next year?I hope bitcoin price will be rise soon.We are waiting for bitcoin price surprise.

Investors and these institutional investors will love to see the market drop as they can accumulate more coins. It was their preferred situation to make a profit as they know and believe that it rises back and reaches ATH. Absolutely this is temporary, we have been in this situation in the past, and volatility of the market seems visible and that is why we could expect like this as the market moves up and down. This is not surprising anymore, it is most anticipated moment in crypto.

If you've been on this market for a couple or several years then these kind of situation or condition wont really surprised you out because it has been a typical thing to have price declines or corrections yet we cant really

see a market to have a continous rise.Of course to those people or institution who had been sitting on the peak or top would really be loving to see opportunities something like this

on where they could really take advantage and make more money since they do have finances for them to do so.

That's right, it seems that people have started to understand that when the market crashes, they shouldn't panic and sell.  Sincerity and patience are the keys so as not to lose in the market, let it go ^{(in the past)} we did stupid things like panic sell.  the market will definitely be bullish and those who are patient will definitely get big profits.

This is true and a proven fact in the cryptomarket. But the riskier part is the holding capability. Everyone doesn't have the ability to hold for much longer time period. Users who have invested after meeting their regular needs have the ability to have patience for a long term. Most of the common investors of bitcoin will be the one who invest to get something in the short term. Such users will be affected. In short Whales will be in the safer side whereas small holders will be the victims.

Nearly 3 days I was not online and was surprised to see the price of bitcoin below $ 40k even today dropped more than 10% to $ 35k, this is a big surprise for me especially since I hope I can recover soon at the $ 60k level because I invest in November when the price more than $ 60k.

The only way for you to recover is that it bitcoin reaches new all time high. So it will take some time though as it might be years before we see that. However, it could be in the 6 digit figures, so that is a good enough motivation to help you to just keep on HODLing.

As for the price drop, majority speculate that it is due to the recent news of Feds raising their rate to help them combat the current inflation that the whole world is experiencing partly due to the bad economy in the last 2 years due to covid and now the war in Europe.

Of course, all investors hope to get a positive surprise, which is to see prices skyrocket, but for the past few days the prices have continued to fall and have taken us by surprise and never expected that bitcoin prices would continue to drop, now we are doing what I think is the best strategy, which is to make bitcoin and cryptocurrencies as daily trading. rather than hold for the long term.

It's better to say that the risk will depend on the persons' capability to hold. The longer they hodl the more the risk because the future is always uncertain. It's okay if someone cant hodl longer because investing doesn't always mean to hodl at a very long time but investment have three periods, that is short mid and long term.

There is also trading, if someone is itchy to sell his coins at all times. Whales always make sure that they can get most of the benefits so yeah they are always on the safe side. Not all remains to be a newbie and even if they are only small hodlers, they can also became wise as the large investors, the more they gain experience on this market.

I'm also surprised why the market is dipping despite all this good news, but we have been there and have seen it in the past, the market is really unpredictable you expect good and bad things to happen and you are bracing for the bad thing to happen and yet the market is improving, all we can do now is to keep believing and keep buying the dip, but the biggest how long will it dip and what is the floor.

it is wrong mate, because it depend on Who you are talking ,  Not everyone is not happy when the price is falling. because Like me? this is what I am waiting mate and i know that I will make more money when buying too low prices .
and that is what we wanna do.

That's the question that can be self answered, investors who have strong support with this industry

will continue to chase and buy those cheap coins. They are willing to take the long road and expect that bounce back will take place
and bring them a decent amount of benefits.

This kind of volatile market is only for players who can take the risk and are willing to play, for those who can't better not to try or
you will just lose your money in a very short period of time.

We should not be surprised by what is happening, in fact, we should get ourselves ready for a possible continued dip. Bitcoin is bound for correction, and I have a feeling that this year most of the trends will be a correction, it's not time to panic, but it's time to accumulate while still trusting bitcoin will bounce back and recover.

We might want to educate ourselves a bit on what's happening, there are plenty of articles online we can read, here's one.
https://cryptopotato.com/bloodbath-continues-as-bitcoin-dumped-to-lowest-price-since-january-market-watch/

The fall of BTC price at the moment is not in the true sense of any kind of negative news. I believe it is declining naturally. I would not say any major collapse in the price of Bitcoin. As we know that a long period of time btc price ruining $38000 to $42000. We assumed that the price may fall down intimately done so nothing to worry. There are so many good news waiting. If once start his power then everything will be beyond our expectation.

if you read the topic OP is disappointed because after lots of Good news coming , Bitcoin price or the market is still dumping and this is His concern not about the negativity or anything related to that .
but also no matter how tons of negative coming still it is our support and holding that will keep the market moving up.
so best to bet on that or ignore it forever .

actually those good news has already gone and what we are having now is all Bad news , and the continues effect of the War in Ukraine and the US stand towards crypto is making this market dumping till now.

https://coinmarketcap.com/currencies/bitcoin/

Look at Bitcoin acting nowadays ? from 48k last April ? now sitting at 30-31k in which very low for what we expected this May.

Hope that June will make difference and stands for our favor.

I guess bitcoin price decreased for positive reasons, because many people were waiting for this opportunity to come for them to buy more of bitcoin to be part of those traders that will celebrate very soon in the community. Don't forget that bitcoin price is unpredictable which it can still move from lower to higher to surprise people with massive income. I think the price is moving already which it will definitely increase higher before the end of this week.

Surely many are surprised and even disappointed because there is more positive news than negative news but in reality market conditions tend to go down, and this is what we must realize that the crypto market is not easy to predict and always manipulated.
but I think this is a good start to grow the holdings, because in a situation like this there will be a lot of weak hands due to panic especially for beginners who don't want the market to drop too deep resulting in bigger losses. So let the market move as it is, and we as investors must be smart in responding to the market and news.

I did expect Bitcoin to be at $50k at this point but I was not expecting a lot of the world events that seem to have unfolded - things have gotten bad. With the state of the world economy everyone seems to be taking a hit. I know a lot of people hurting that are wrapped up in the market. Luckily for me I am a long hold on BTC so I feel really good about my position and don’t have a problem with corrections. Just be patient and stay the course. That method has served me best.

Yes things have really changed and many people are hit by the economic situation that keeps getting worse with inflation. The market too is hit by this current bear that is becoming the general topic so far because the drop is coming when it was not expected. All the time during the covid-19 pandemic it was expected that price will crash but it didn't but it started to happen now that the world is recovering from the hit of the covid-19. Of course a long time holder will not have anything bothering him because the market will surely recover.

Forget about that economic situation because we have the worst when the pandemic happened, but have we seen bitcoin dump that time? No, because it was the opposite that did happen, the market was bullish that time and it was the time when slowly bitcoin have finally a achieve a new ATH.

Some people might have manipulated the market, and it's just normal to see a year of correction after a bull run, that has to be considered as well.

We have a big surprise this week.

This thread is not about what happened recently, but yeah, we have a big surprise because, for the first time this year, bitcoin reach another low and that is bringing the price below $30k. The market is slowly recovering now, but I'm still not too confident because the bear is already here.

Confidence on recovery isnt really bad but dont anticipate for it to happen because everytime there would be always a chance for some recovery which is something that do really happens in the market.

We are all got surprised because whom had thought that we would able to go down like this one? Reaching 20k+ price once again yet we've been playing around 40k+ for previous weeks

based up on what i had remembered.This does really proves out on how unpredictable this market is.