Bitcoin Forum

I am Seeing Bitcoin Market is Not good Its Correction every Time 
It can Hit $25000  ?

Bitcoin is not a new project or some kind of altcoin that requires promotion in order to create awareness, and that awareness is what brings in more people to invest in the project.
 
Bitcoin is already self-promoting itself; all it needs now is steady growth in mass adoption. Let its usage increase, which will increase its demand, and the price will definitely reflect positively on that.

Simple — it's going to need more buyers than sellers, just like always.

Bitcoin has hit $60k+ before, why do you think it can't hit $25k? It's just a matter of 'when'.

We are still in bear market and no one can predict accurately what is going to happen. In this point Bitcoin market can crash or have a correction. When no more new buyers appear to support the uptrend then usually market go for a correction. So it's a part of Bitcoin trend and a opportunity to grab more in a lower price.

Probably it can hit 25000K level if market need to have a correction. So we have to trade with caution or be prepared for both positive or negative scinerio.

The major promotion will be then when most of the governments will start legalizing it and that time a huge mass adoption will occur and obviously a steady growth too.

Promoting RFK Jr? A president who is a Bitcoiner will really make a difference. Is he using BTC to get votes or sincere which is the question for voters too.

He seems to be representing himself and because of that, I guess he is part of the community. There are some suggestions he made recently about Backing USD with BTC. It may terrify some of the lawmakers but I think Blackrock will still like that.

And also Blackrock is also good to promote since they promote Blackrock. Rumor has it they are buying BTC mining farms.

We are unable to predict whether the price of bitcoin will drop to $25k or not, but you and I can be certain that no matter how low the price of bitcoin drops, it will most likely rise again before the year is out. That is the approach that is constructive. The focus should not be on the price of bitcoin at this time. As the price of bitcoin moves up and down, what you should be focusing on is how much bitcoin you have accumulated or what gains you have achieved through DCA as this time the bitcoin market is at its correction stage

We are slowly gaining momentum towards the bull market, and I can't see any reason to go deeper to $25k again.
There's no need to market Bitcoin because it is already known every where, you just have to be more patient and wait for the right timing.
New projects will altcoins though still need the exposure in the market, they usually promote it on social media platform by giving away free money, that can be an effective marketing strategy as of today, especially the airdrop.

Everything need its time. Bitcoin isn't an exception to have its growth chart with the upward movement alone. If something have got the growth pattern in the upward track forever then it is a scam or some sort of hype project. Never fall into it, what we experience with bitcoin is real growth. Whether there is bullish move or something bearish, it always have its reason. At times it is hard for us to understand/find the real reason.

No one knows!

On this unpredictable market and space on which the price could move out without having no reason at all or hadnt been backed up with any news or even trying out to reflect on what those technical indicators been showing.This what makes things more hard specially on dealing up with this space. Everything is random and even with those things around doesnt guaranteed that it would surely happen.
Now that we are on a condition on which the price is really that keeping on going below 30k which it is usually happening on weekdays and make out some small pumps on weekends on which
if you could make out some pattern then you could eventually make out some small scale type of playing with these price movements.

This is what makes it hard to understand and make out predictions because of this very main reason on which factors cant be known on what would be the next movement on next minute or hours or days.
Everything that you do would be always be ending up on being speculative as always.

If you know what is the real meaning of the word "volatility", you might understand that this price correction that we experienced right is pretty normal and you shouldn't be panicked.  Why are you worried if you've given time to accumulate more and in fact, those who have bought in a DCA way might be happy during this time.

No one knows but I think it's unlikely will happen.
There's no valid reason the price of Bitcoin will down that far but on the opposite side, I saw it will grow after this correction of the price.

Of course, it can. But the problem is that we don't know when the time will come. You don't need to worry if the Bitcoin price falls deeper because that will be the right time to accumulate more Bitcoins. All you must consider is the price you are ready to buy Bitcoin.

With the current ups and downs of Bitcoin prices, you should be able to understand when to buy Bitcoin, especially if you have prepared some funds to buy Bitcoin. And right now could trigger the Bitcoin price to drop again deep and there is a possibility that the price will be back at $28k, especially if people panic again to see the price drop now.

But we have seen Bitcoin price hit rock bottom, so maybe the current correction is the one that always comes in the market. So don't forget to place a purchase order and wait for it to be filled.

Yes it can certainly dump to $25k, however, it might also form a bullish divergence with the 14 day RSI which might imply that it will pump there after. This dump should be welcomed by buyers because clearly buying on $25k is better for your money than buying on $30k.

https://i.ibb.co/Jxt8V54/549-F4-BF1-BEAF-40-C5-809-B-AE6-B496-F242-C.jpg

Also, there are unexpected occurrences in the cryptospace that should make everyone more bullish and know that we are at the end of the bear market. Occurence 1 is Ripple's victory against the SEC. Occurence 2 will be spot ETF approval.

There are lots of way it can pump up. Say Apple buys it on their balance sheet like Tesla. Or the blackrock etf finally gets approved. Or all this Binance FUD finally comes to an end.

Right now it’s just summer so we are trending sideways. I don’t think we will get much action until early Fall. Usually most people are taking time off to travel and you can tell by the low volume.

No need, I believe 100% of internet users must occasionally read "Bitcoin" in a corner of the web they are surfing. Also bitcoin is certain to be the main crypto that is featured in every crypto service advertisement.

I have no reason to worry about that, but it sure could be for many causes, it's not a bottom price anyway.

Well I really hope this does not happen. We are sideways around 29k-30k for a little bit now. I think we are all waiting for a big move to be made so we can pass the 31k price point we just saw. 25k would not be good but yes it can happen.
I think theres got to be some big news from the US government and the sec and Ripple. There is still so much FUD that is making investors lose their confidence in Bitcoin hodling for the long term. ETF approval would make them more confident.

I speculate that this Binance FUD will never end unless CZ goes to prison, he leaves Binance or Binance is taken down. There are people behind traditional finance similar to George Soros' group and Larry Fink who might be behind the FUD and want to take over to become the new kings of the cryptospace. If everyone thinks the clowns and hustlers like CZ, Justin Sun, Sam Bankman-Fried, Barry Silbert are criminals, wait for the real criminals from traditional finance to come in hehehehee.

OP why don't you just sell if you're so worried? I always wish people like you who think 25000 is such a scary low price should all just leave the market and sell. Then so prices can go lower and people like me who think this is such a discount can get even more stackings ;)

Like bbc.reporter says, we would welcome 25k with widely open arms!!

If that happens then the situation will become more infuriating for investors and traders who took entries aorund $30k. But the risk is always there so they might not react tht much. But there are newbies too, to whom news outlets, titok, Twitter Influencers had motivated that BTC is going fo bullish cycle in 2024.\

Such news or statements attract many newbie to fall pray to FOMO. And not they might be suffering. Almost $100 million plus trades were liquidated just because market goes below 29,000$. I hope this will not occur and market would maintain its price at $29,000 at least.

The current price is $29k from $31k and once it was $69k.
From the current price it could possibly drop again to $25k.
Going up and down is a normal activity.
Target the profit you want to get. When the price drops, buy.

All you need to do is explain to other investors to invest in Bitcoin.
The more investors who invest in bitcoin, the buying percentage will increase.
In economic law, the greater the number of purchases will affect the price increase.

Nothing, do you have any suggestions? Or if there is an option in the table, would you lead the way to make such promotions? JK.
We don't actually need promotions, because bitcoin has been widely known but yet to have at least half of the global adoption. We are in a consolidation phase which the price were moving sideways, so this below statement of yours...


is actually a good one if the price falls at that level, because everybody is looking to buy at a lower price than what we have currently as everyone is filling their bags now for the upcoming bitcoin halving.

The higher the demand for a good, the higher its price. We will experience this in Bitcoin as well. But it's not time yet. It is said that the price of Bitcoin will decrease to 25k again. This price may be a good level to buy.

We all have a designated point of purchase. The current price of 25k is a good level for me. The more people come to the market, the better. It helps the bitcoin price rise as the market cap increases and more investors come in.

I have said above.

Yes. We have experienced it and we will experience it again. Now focus on increasing the amount of bitcoin holding volume and think about how the sell ratio is not high. One of them is that you don't sell before the highest price arrives.

If we feel confident that Bitcoin will increase in price, then the current price is also a very good one to buy.
There are better prices than $25k as a best price to buy which is when prices are below $20k which has happened. Hope you don't miss it as your best buy.

Targets are necessary and they are important.

Not necessarily many come to the market with the aim of buying.

Actually you are of good point it's obvious that Bitcoin still need promotion and promoting bitcoin has been going on in different social media platform unaware, because anyone who made mentioned of Bitcoin on it page on Instagram and any other social media is promoting bitcoin, because what I know quite well is that Bitcoin is that have not gotten everywhere, their is some certain region that doesn't know of Bitcoin and they are still myopic concerning bitcoin so with this round broadcasting of bitcoins i think the information of Bitcoin might circulate to those environment or region. In aspect of altcoin, some of them are new projects and they needed consistent promotion to get known in the society, so we can't compare the measure of Bitcoin promotion to a new coin promotion.

No one can answer this question for you, and this is the question we all want to know. In investing, what we can do is always have a plan for both scenarios, don't rush or be too subjective with our predictions.

If you ask me about my prediction, I also think bitcoin will correct again, not continue to rise as many people are expecting. I also only deposit USDT to buy if bitcoin drops again, but if it doesn't drop, I will continue to hold what I bought until the bull season comes.

In actual sense, no one can tell you where Bitcoin price is headed exactly. At a time like this, most people will tell you it's upward bound because of the effect of its halving in 2024. That event is just around the corner and if by now Bitcoin hasn't dumped, it simply means it's going to take a very ominous FUD to drag it down. I don't see that happening. I'm optimistic at the moment that price will shoot up instead of going down. If you're waiting at $25,000 level to get in, you may get lucky or not. However, it's better not to miss the bus than miss it. If I were you (while waiting for it to get to $25k) I would DCA on it.

Honestly i don't know if this was your first time of discussing on bitcoin speculations or not but you're definitely showing a no idea on what's going on with the bitcoin market price, we don't need any pump than what the market demands and supplies gives which shows the direction on how the market goes, when we go dip anytime we will still rise up, but I don't think there's an indication that shows we fan have a bite on $25,000 sooner than going above $29,000 we are already into now.

The best thing is the price action itself. What makes price go up is price going up. What I mean by that is that if we get from 30k to 33k, that increase makes it easier to also go to 35k and above. So each increase brings in its own increase along with it and takes it even further. If we go from 30k to 40k, then going to 50k suddenly becomes easier as well. That's what we should be considering as an option and I believe that we are going to end up becoming better and better eventually.

So just wait, when the bull run hits after the halving, we are going to go up, and that going up will make it go up more and that ... and the cycle will continue for a long time until we reach to a new ATH that is much higher than the one we have right now.

None of us can tell when Bitcoin's bull market will begin. But long-term research and analysis light out that Bitcoin will soon turn bullish. Bitcoin is still bearish so no surprise if there is a correction. But hopefully it will not come below 29000 rather the market is trying to turn a bit higher again. Bitcoin has established itself as a well-known investment platform worldwide that needs no promotion. I would advise those who have invested to be patient and enjoy its benefits. It should also be noted that Bitcoin is not an alt coin. So there is no need to worry.

When you really feel that the bear market is far behind, then the recovery can be considered bullish. But what is certain is that the price of bitcoin which is always fluctuating will increase gradually where there is always the possibility of correction at every intersection. This allows day traders to make profits, while if you are a long-term investor then you just need to accumulate instead of worrying too much about the volatility.

The trend has changed, I think now we are in the stage of price recovery which in fact has almost entered the bullish trend. Correction is not always about bearish, you have to differentiate between the two.

If you know it will reach a correction to $25k then that is the best opportunity to buy again.
We've all seen how Bitcoin is currently performing in the $29-$30k price area, even the last ATH broke $60k+.

There is nothing to worry about, there will be many ways for Bitcoin to go up, and you don't need to do anything.
As small investors or traders like us, we just need to wait for the movement of the Whales.

Halving will also occur next year and it will be an opportunity to grow profits with Bitcoin.
Many support Bitcoin and many want the price to rise, Prepare yourself and your spare money.

Nothing. The market simply has buyers and sellers that come and go all the time. If you wanted the t to go up, then that would require more buyers instead of sellers, simple as that. I also wouldn't say that Bitcoin is in a bad spot, it's like what, down by a few hundred below 30k, a lot better than a few months ago. If you were comparing it to its ath then ofc, but you should know already that the price doesn't stay only at the top. Sides, a good time for buyers to come in when the price goes down.

If you were expecting it to go to $25k then maybe hold off buying for now. If you were DCA'ing then it shouldn't be an issue though.

Assuming the price went to 25k why it does matter? The markets move based on the supply and the demand, any attempt to explain what is happening besides such a simple explanation is nothing but speculation, and even more importantly it is not very useful, many traders seem to think that just because they expect something out of this market then their prediction must become true, but this is a completely false belief, the market will move as it wishes and it is up to us to adapt to it and make the best out of the situation.

Bitcoin market needs this kind of correction, the market price cannot really just skyrocket straight to an all-time high or up to 100k$ without some kind of correction if that happened then it's a very big bubble that could easily drop as well, not just drop but a huge percentage drop similar to its pump. The market continues to circulate so as the bitcoin market price continues to increase its momentum there is for sure a lot of correction that is going to happen, Yes, in my opinion, I mean I was hoping for the market price to drop because that just means that you can buy bitcoin at a discount probably this wasn't a huge thing right now but when the market is the trigger we might regret it not buying when the price is still low for sure going back to 25k$ is always a possibility and this is probably going to happen because there is still a long way and at the moment only small traders and investors are in the market, we still doesnt have a catalyst, we're gonna need institutions, governments, companies money. We need a huge amount of money to be invested in Bitcoin in order to skyrocket its market price.

welcome to bear market I mean it happen for the past decades Bitcoin is crazy volatile it can go up and down and this make the market is healthy. I dont think bitcoin need a promotion to drive up the price it need more adoption hahha but if you hear the news recently

there much going on especially in crypto industry including japan want to regulate crypto like hongkong did or indonesia rather than banning it, blackrock and other investment manager want to creating Bitcoin ETF and XRP is win the case

soon enough i believe crypto price will up

We will definitely need corrections. I've always been in favor of a gradual and steady increase in Bitcoin because if Bitcoin suddenly goes up, it's like a building with an unstable foundation. It would be easy to collapse. I don't want that to happen.

No matter how long it takes, Bitcoin's rise has to be solid. When that happens, things that a lot of people dream about can become a reality.

For the Bitcoin price to rise, reliable playmakers are needed rather than great playmakers. Trust always increases the number of people who come to invest.

Don't you panic whenever you see the market isn't good as what you're trying to look at. That's always the case for Bitcoin. Because it is inevitable that the price will go down at most times but the recovery is a lot to see.

Wait until the bull run and don't you forget to take profits when it comes. There is no need for Bitcoin to get promoted just for the sake of higher price. But kudos to those people that are doing it voluntarily without anything in return.

Possible to become a support.

Bitcoin doesn't need any promotions, it allows time for people to realize its importance and we are slowly getting there.
The market is still unstable, though there's a huge chance for us not to dump anymore because we are stable for weeks now and probably Bitcoin is just waiting for the right momentum to go bull. Don't wait for $25k before buying, better to do DCA now because you can never tell.

The recent selling pressure may be with the approaching Federal Reserve meeting^[1], which is likely to witness a new increase in interest rates, which means withdrawing more liquidity. Therefore, all these factors put pressure on the price during the current and next meeting, and therefore it is difficult to see levels above 31.7k soon, but this does not mean We will decline or not break those levels before the end of the year.

[1] https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm

Op, don't get scared by the Bitcoin's short-term volatility you are seeing now.

Since it is now clear that the price has failed several times to break above the $31k point of resistance so far,  the market has already started reacting by moving towards the downside $28.8k latest low and pulling out the Fibonacci retracement on the daily timeframe from the low of this move, $25k to it highest $31.8k, seems we have a little more leg down to hit 27.5k, 0.50% and 0.68% Fibonacci retracement my analysis. Plus the FED's possible interest rate increase today could push the price to that point.

This is the most accurate explanation on the reason behind the current fall. Bitcoin always always pullback to 1k to 2k range whenever FOMC meeting is near while the interest rate expectations will be high. Sometimes this meeting effect is just neglected whenever crypto is bullish like when Blackrock file their first Bitcoin ETF.

This is the normal pullback nd I don’t sense any sell pressure that will put the price on 25K. This current sell pressure is very weak compared when Luna crash that put the market dip from 30K to below 25k.

There is equal chance that Bitcoins can go up, or will come down. Basically you need to understand when the price fluctuates or what events cause price to move up or down. Unlike any other asset, Bitcoins follow demand and supply policy. Both are inversely proportional to each other. We know Bitcoins are limited in number hence when the demand to acquire it increases, the price goes up. The reverse also happens when demand decreases and price goes down. Currently if we see the market, then hitting 25k is very difficult. We can expect 35k usd in the next few months.

The feeling of being more infuriated should be replaced by a feeling of more excitement. They would be the most infuriated if they dump on $25k because if it pumps back to $30k, what has occured? They dumped low and will be forced to pump high just like any newbie hehehe. Also, the observers who have not yet entered the market are in presently disbelief. They will be the next people to pump it higher when they feel the fear of missing out.

Good, this can make us smile a little when reading your post above  :D. What the market needs right now is high demand buying action and not selling especially BTC. if that keeps happening, it could put pressure on the price of BTC. Bitcoin Market Need Promotes for Price up ? I think that's just for new coins, for BTC, there's no need anymore.

Well, if there is a market correction that you see, that is normal. Many Investors are currently waiting for further decisions regarding interest rates and trading of BlackRock's proposed Bitcoin ETF. For the prospect of the price of Bitcoin (BTC) in July 2023 will depend on the closing price level at the end of the first half of 2023 whether Bitcoin is able to reach the level of $ 33.K at the end of this semester because it is the Lower Low price that occurred in January 2022.

You have got a valid point, i didn't think of it from this angle. Well, at the end its a win win for BTC then. So, those who have took entries at $30k and are infuriating, they should shed an eye on this side too. I am from one of those hehe. Well, thanks for the heads up. Actually, currently everywhere people are talking about BTC going down to $25k again some are even saying BTC might went to $7k (can you believe that). Well, the thing is, i am looking at such statements as a newbie and trying to see how i would react on such posts.

@Faisal2202. Similar to what I have already said, there are certain occurrences that should be taken as signals for the end of the bear market. Ripple and Brad Garlichouse's victory over the SEC's case filed against them should be one of them. This has declared that XRP is not an illegal security and for this reason an argument can be created that many of the other tokens in the cryptospace might also not be illegal securities. This is bullish for all of the cryptospace because investors will not be afraid of doing anything illegal.

The other one will be Blackrock's ETF approval.

But if he does that he will surely lose even more. This is the common problem when it comes to investing, and that is we are worried and worse it can lead to selling at a loss. People like the @OP might only be a newbie and they also invest when Bitcoin price is higher than that ($25000 ).

Given that they also do their part of supporting Bitcoin, then we shouldn't hate them but better if we can just guide them or give them advice if what is the best thing that they can do on a situation like this, so that they will stay calm and maybe buy even more? That should prevent the price from dipping further but it can only make it stabilize or recover.

The thing is BlackRock's ETF is not the only one, there are 5 to 6 more institutes are in the line, plus you have shared many good news which although are old (like not very old) but they are really bullish news, and many news are still coming. But, Bad news are also there to surprise us. Like the MT GOX BTC selling around October, then the seized BTC selling in batches.

Such news might increase the supply over demand but i am seeing currently market is in hype and good news are keep coming which is a good indicator so i am bullish right now. And one more thing is CZ and Binance has filed to remove cases and allegations made on them by SEC. Which might also ignite the current rocket of BTC towards moon. As vast adoption is all we need right now. And that is happening.

It is simply impossible to rule out good news and bad news to influence supply and demand. The bitcoin price is expected to recover better post correction, but we are still too far from the halving so there will still be some ups and downs associated with the price.

I'm not going to worry too much about bitcoin price volatility as I'm starting to establish myself to hold bitcoin long term. I tend to collect as much as I can, it will definitely give me a good chance of getting a return in the long run. Demand will be even higher if a bitcoin ETF is approved, few other things are also in line to support the upside. There is a lot of positive news to be expected ahead of the halving, but FUD will also remain interfere with the plans of some holders.

That dataless statement is FUD, many say bitcoin will hit ZERO and be worthless.
But are we going to believe it? Of course, as a crypto activist who has been in crypto for a long time, it would not be easy for him to believe in such FUD. Everything has an analysis, If some people say that Bitcoin will drop to $ 7k then show a valid analysis, it will give strength to the argument. Otherwise it's just trash FUD that won't change anything.

Just one word to anyone who says that bitcoin is going to be 0 now, that is bullshit.
It's not impossible to get bitcoin to be 0 in the future, but I don't think it will be in 10 or 20 years. Bitcoin will get more use cases and will be adopted as a means of payment as often as possible, in fact I can imagine that regulations around bitcoin will be relaxed and governments will support it.

Currently bitcoin only needs the support of big countries with good economic power to get most other countries to adopt it. But conversely, it would also be the same if big countries like America and others banned bitcoin completely including trading and mining. There will be a big impact because of the regulation, but I don't think it will happen in such a short time.

Yeah, its up to what the market price will go, there could be others who want the price to tank and go down to $25k and then they can buy more. And then there is this group that we wanted to see the price rising again to at least $30k-$31k. So there are two forces trying to pull each other out and see who is going to win. But for me, the only chance that we can go back down to $25k or lower is that we see another negative news.

But so far market is stable, no more FUD and if there are, it will settle down in the next 2-3 days and then price bouncing back. So I wouldn't be surprised if market will just move sideways for now but then at the start of August it will be bullish again.

So you totally missed my point. If he's so worried, sell now and he loses an amount he knows, and stops stressing and quits Bitcoin.

Good for him and good for us who chose to stay behind.

I don't hate ppl like OP, I just wish they all sell now and stop speculating. If you can't stand seeing price drop, Bitcoin is so not for you.

I could not agree more, as adoption is happening and that's what we needed. People like the Pizza guy made sacrifices to streamline the use of BTC (First Step is all we needed). And from then BTC is getting hype. And thinking about BTC going to zero is very scary but unbelievable too. So, i agree with you on this.

Why would the USA will adopt it openly, they are political geeks (i know that's not a word but you must have understood my point). And they always find a way to eat something (either its currency or country) by partially adopting it. This means they already making a profit from the seized BTC of many platforms like bitfinex etc. And they are focusing to get more projects like those to grow and establish in the USA so that one day the USA could also eat them by not adopting their rules (which mean they will say you are going against our rules or new rules).

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and AakZaki I totally agreed with your point too that this is all fud and that's what i tried to experience as a newbie that is how it will make me to react. Either i will sell my holding or I will wait. (as i have some knowledge so i just ignored it by saying some magical words to that poster)

Some people stupid opinion about bitcoin will be zero and not worth values any more, I don't know where are their ideas come from and have speculation about bitcoin will be zero. Bitcoin have been popular as investment assets or digital currency payment transaction adopted by many countries and companies right now, how possibility bitcoin values drop to zero and the holder never won't sell their bitcoin investment fund with lower price. I don't believe with frustrated people said Bitcoin going to be zero, seems they want to make FUD and get chance to buy back bitcoin in lower price.
Current condition with several countries against for adopting bitcoin as legal payment currency I don't think with bitcoin values will drop to be zero, Bitcoin have been worth investment fund for the future despite still not legalize payment in several countries.

Its not the first time we are hearing such predictions about future price of Bitcoin. Whenever bitcoin takes a dip or its price goes down for any reason such predictions start coming. Bitcoin price has just taken a small correction and is still trading above 29k. There are not much chances of Bitcoin going below 29k$ (though anything can happen with Bitcoin price) and even if it goes to 25k then its a good opportunity to grab bitcoin at discounted price.

Actually Bitcoin doesn't need that kind of promotions which has to needed for new cryptocurrencies I mean new altcoin. But if say about the overall things then yes for increasing the demand of bitcoin it should be spread out all over the world all over the countries.
To see, various surveys have come out that still only two to three percent of the world's population knows about cryptocurrency. So in this case I think it is necessary to run awareness campaign in country to country to promote bitcoin or crypto currency.  Only then people will be aware of its positive and effective aspects. And this will attract people to invest here, the result of which will bring a positive spin on the market.

Bitcoin is highly volatile so you can’t set its price and expect a consistent price surges most of the time. And as long as bitcoin remains volatile, there will be constant price correction which makes it to move bullish or bearish depending on the current position of the market.

The only thing I can see for bitcoin price not to fall so deeply but stay in an impressive price, is to maximize buying bitcoin so that it’s demand will increase, making its supply low and limited, hence making its price more costly and expensive.

you can't escape from all these speculations because we know a lot of people are hoping for the high profits in this market. they want to see the pulse of the community and where this market is heading to.
most are after for the quick profit, hence, a lot are asking when will the price of BTC will go up?
adoption is one of the contributing factors to increase the demand in the market, and we are already progressing on this aspect. the market price is basically dictated by supply and demand concept.

Prediction of the price in the short term will not change badly. There is still a good possibility that the price will be above 40,000 before the end of the current world, and perhaps 100,000 before the end of next year, so there is no difference between a temporary return of 25,000.

For the price to reach levels above $100,000, you are talking about a market capacity of about $3 trillion, which is possible without more governments adopting Bitcoin. Therefore, at the present time, Bitcoin does not need any support from any country, or at least to reach the price of $100,000, which is the bet of the cycle. which may extend over a period of four years.

The halving event is probably what you are talking about, that's the only way the supply or the circulating supply can become slower and that will surely help the price go up since the demand will keep increasing and if the tokens coming into circulation start getting lower, that will surely have some impact on the price in the long run. So even though we can't predict the price accurately or precisely, we can say that the price of Bitcoin will eventually go up.

For the short term, we can expect dips happening every now and then, and currently as we saw, Bitcoin's price was struggling to go above $31k even after trying so much, which shows that there isn't much buying pressure on the market which is why it was struggling to go up, so we can expect small dips from here.

I also consider this drop to be possible with the week's volatility that has been more of dropping than bull. And usually this season that halving is expected is not a very good time for long and most traders understand it, they would not through caution into the wind. This explains to me why the little drops have been occuring lately and the $30k range of support is gradually giving way and resting on $29k for the past week,

It can also hit $40k before the end of this year. Don't let the current bitcoin price deter you from purchasing bitcoin when it is offered at lower prices. When the price of bitcoin declines, if you are focused on a long-term investment strategy in bitcoin, you will be pleased since it will allow you to add more bitcoin to your portfolio. Simply see this bitcoin correctional phase as a phase that will soon pass, and you will profit handsomely in the following chapter (bull run) that will occur in 2024.

Hold onto your bitcoin and continue to accumulate more. Think about the price in the future rather than the price right now. I would propose you do that.

Some top exchanges such as crypto.com, Coinbase and more continue to actively promote, even crypto.com is an official UFC sponsor for more than 2 years, of course this is a good indication that more users understand and understand about cryptocurrencies.

hit 25k ? do you mean Will bitcoin fall to 25k once again? well just this year bitcoin falls bellow 25k and just recently
 that it took over that momentum and break 25k running to 31k .

but as you are only looking about the corrections , then how come that there are correction everytime when we have only
corrected few times after hitting 30k and above?

but asking what market needs to promote the price to climb again? when you are asking if the value will fall down bellow ?

if you are truly interested to learn what can be done for bitcoin to climb up , then you must also learn to help it grow
 for not posting this same thread again lol.

like sharing here what is good about bitcoin and what are the qualities for people to invest and use it and not to look about the negativity ,
 because you are only helping this to drop low.

The exchange only promotes itself to many people, not promoting Bitcoin or cryptocurrency. Even though there is little effect for Bitcoin and other cryptocurrencies on this, basically exchanges only care about their own promotion in this regard. Moreover, being a sponsor is not a free job because the stock exchange also spends money to be able to sponsor certain sporting events and this is almost the same as Cyptodata in world racing events.

I believe that we are not going to end up being something that would be good at the end of the day. I believe that it will take some time but it will be as good as it gets when the time comes. Hopefully they are going to be a bit of different nature because people out there will always think about the worst possible situation sometimes, there are those kind of people who just keep thinking about the bad things that could happen in life.

I am not really arguing with them, I mean there are situations when the worst thing that could possibly happen may end up being the result, but we all know that's not always the case, and the best possible one is usually not the case neither, it's almost always somewhere in the middle.

And even if they are in a way promoting this market they are only doing so because at the end they get a benefit for themselves, besides it can be argued that such efforts are nowhere near as effective as we may think, as the majority of the people that are adopting bitcoin and other cryptocurrencies are doing so because they are ready to do so, if all of that money was invested on the early days of bitcoin it would have made no difference as very few people would have been interested in bitcoin when it had hardly any volume or value at all.

I think this is a misleading assumption - of course because basically both centralized and decentralized exchanges play an important role in terms of increasing bitcoin adoption. Exchanges act as a bridge that can connect trader with cryptocurrencies including bitcoin. So it is clear they have a role to play in the growth of the crypto community and users in the places where they operate their services.

The exchange serves its customers to trade and bitcoin is one of the most traded assets there. You can't say an exchange doesn't promote bitcoins - but maybe they don't mention it specifically.

i am with you here. without those exchanges, a lot of people don't know how to convert their crypto to their fiat. and how can they use their crypto in their daily living? not all merchants are accepting crypto as payment method, thus, they still need to convert their crypto to their own fiat. that alone is a very good use case of exchanges, and that involves adoption.

Yeah, it's similar to stock exchange platform. The thing is that crypto exchanges are very unique though, and most likely this is the cases why regulators go after it in the last 5 years or so because we can easily convert our crypto->fiat without any trace in the beginning.

Although we have DEX right now that can also used, volume is low and so as much as we know that there is KYC in some exchanges, we still do go with CEX because it's easy for us. As for the promotion of bitcoin, I'm one of those who just want bitcoin to go on it's natural course, with or without any promotion.

The simplicity of the answer to this question is in the understanding of the fact that Bitcoin has in the past created a history and pattern that have allowed for its growth organically and with that what is needed is my pressure in the buy direction and less sell that is the only key factor that will drive the price of bitcoin forward.

So there is no need for so much promotion and you don't need to worry yourself so much about Bitcoin penetration and adoption those that are destined to use Bitcoin both in the long term and short term perspectives are going to locate Bitcoin in whatever ways.

You have a point about there being no need for any sort of promotion for Bitcoin because it has passed the verge of that ever since institutional investors and big multinational investment companies have an interest in it. However, a lot of BTC investors seem not to focus on or ignore the fact about history and pattern created to maintain BTC price inflation aka a 4years cycle, and before it happened market correction must occur.

Throughout bitcoin's history though, we haven't seen anyone really promoting bitcoin. I mean yes we have seen the likes of Michael Saylor and perma bulls on the market talking about bitcoin and it's potential.

But it doesn't mean that it is a direct promotion by them, they simply wanted to spread the word. And if people are not interested so be it. The thing though in this modern age is that there are many social media platforms, so just by one sentence alone, it can reach as far as Asia to Africa as if you are promoting it.

Thinking about the worst possible situation will always be our downfall. People on the world always thinks about the worst possible thing because we do live the worst possible situation quite frequently and that's understandable. I am not saying it's impossible to see bad situations but I bet we will have good results too.

So I agree with you, yes there is a chance, you are right but we shouldn't be too light on them neither, we should be careful and consider this as something that is a bit more difficult to handle if we are not careful. I know that it will take some time but it should not be taking this much time in the end, it should be normally considered a boring result and just grow constantly over course of some time.

It is natural to think about the worst possible scenario as if we do and it comes to happen then we would have done something in order to protect ourselves in the case it happens, if we did not do this and the worst scenario came to happen anyway then we will suffer all of its effects, and the current drop on the price of bitcoin is a good example of this, as many were expecting for the 30k resistance to be broken only for the opposite to happen, and if someone was using leverage without a stop loss such a drop probably liquidated their account already.

I'm sure most of us are always active on social media, there is an easy thing to promote, namely always actively inviting friends on social media to invest in cryptocurrencies, of course we must always say that cryptocurrencies are a high risk type of investment so we have to make sure friends do the analysis .

Bitcoin's current price has crossed 25k and is slowly gaining momentum towards a bull market.  No one can say for sure that the price of Bitcoin will fall below 25k.  However, no matter how low the price of Bitcoin is, it will rise again before the end of the year because Bitcoin has developed a history and pattern from the past.  That's what we always see at the end of the year. Cryptocurrencies all coin prices go up or down both are inversely proportional to each other. We've already seen Bitcoin hit 30k and may go above that very soon.