Bitcoin Forum

Alot have happened in the last two weeks and this have weaken alot of investors and twho may have not understood properly how the bitcoin market act at all time, and what have occurred in the market before now and how bitcoin managed to recover from such market dips, we saw that bitcoin dive down to around $52,000 in the last one week and that to me was a great opportunity to buy bitcoin at discounted prices for many who already understood the underlying condition with bitcoin and how possible it is for bitcoin to recover Also in the same diamention that it price drop also, current the price of bitcoin https://www.talkimg.com/images/2024/08/08/5hPSP.png
which is above what many speculators predicted for bitcoin in this week and the trend is still continuing.
The Question now is:
What is you bitcoin market price expectations for this month of August most especially in the first half of the month of August?
Do you think that we will see a $70k BTC price or we likely going to see a decline in the price in the short term basis?

If there is one thing that I have learnt about bitcoin and how the price moves, it is that there is nothing impossible for the price to perform again. If I were told that bitcoin would drop to below $57k after it saw $69k to $70k in the last week of July, I would have argued it very well. At least I didn't expect it to happen that fast. 
 
With the way the market is bouncing back, $70k is also not impossible for it to achieve before the month of August runs out. After all, what it's trying to do is return to where it has already touched before, which is easier to achieve than trying to break a new ATH.

Having such understanding give you the true freedom that comes with bitcoin investment because no one believes that Bitcoin will make this level of recovery within this short period of time, some where around less than 40 hours ago Bitcoin was all bathed with red on the charts, and price was somewhere dip but right now, the story is a different one entirely a d this is commendable because Bitcoin have proven once again that he is the king of the market and that it price is unpredictable.
A lot of Bitcoin market analysis have gone ahead in the last few days with most of them pointing to the fact that the price crisis will continue to were we may touch around 45k or even 40k BTC price, but we are not at a level were none expected at that short period of time and that is exciting and hopefully we see more positive market movement.

We have the same prediction $69k is much more possible if the price continues and $70k if we see some manipulation or liquidation at around $69k.
I have a small amount of BTC holding when the price is at $52k it's already made a profit but I still keep holding until touching $69k I think after 2 or 3 days we might see the price at around $67k if there's no decline during these 2 days.

MacD also shows selling pressure is getting weak and now there's a change in the pattern but still, it's a symmetrical flag or a symmetrical expanding triangle look at the chart right now it's already inside the symmetrical flag and I see almost all crypto are in bullish 17% increased and I think we will see incoming huge demand coming from Asian countries.

The current price is now $62,630 and increasing.

For me there is nothing there to think in the sense that for we the old investors who have seen a lot of worse market pull backs than this, we knew bitcoin was going to recover except that I personally didn't had it in thought though  it was going to be this fast. I thought maybe it was going to take a week or more but here we are.

For those hands that took the opportunity to buy massively in the price dip, you guys are the real MVbitcoiners. Cheers to an added profits!

Way too rapid, I think its going to get the bends rising too fast.   We'll have to return to the depths to repair the damage  :P    Seriously it does seem to be lacking volume which would suggest a repeat later or at least a test of some of these levels before actually breaking out of these same patterns we've been repeating months.

Last month in July we made a new low not seen since February and appeared to turn around to leave it behind, it seemed to not then matter but now we've just recently exceeded that low and traded below 50k.  Are we to repeat and ignore that hole in the road, we wont be going back that way or does it needed repairing before progressing further in any journey of length.

All this up down movement equates to volatility which requires caution and some further thought on our direction.   Ultimately I remain bullish but if it is volatile and it is and we're moving into autumn not long now then I consider this an omen, a warning to strap up for the ride.

One thing people need to know about bitcoin and it is that after every big correction there is going to be a push up and many experienced investors take advantage of this period and then they stack more bitcoin. Todays raise clearly shows that bitcoin does bends to just FUDs like that as it is very strong to hold against the negatives. Now my prediction is as long as the economic situation that pushed it back are still looming or lurking the $70k region isn’t where I see it heading for now. We might have find it ranging or consolidating in the $65k region. The trading volume also signifies that sellers aren’t done yet so I will take precautions of that too and rather say maybe at the last few days of august we could see $70k but not now.


I think you are talking about it coming to fill some for the fair value gaps it left behind or some inducements as some people called it, yes the Market most at time comes to grab liquidity from this area after a massive push up or dumps but some of this things do not happen suddenly some could come later later and not now though

This is just a sign that Bitcoin is still going strong and the $60,000 level is the significant support.
Look what happened last month, almost the same days when the recent dump happened. It also dropped below $60,000, after that, the price recovered.

Overall, this is very good news for all of the bulls, we are building strong support around $60,000 level over time.

With the volatile nature of bitcoin, it is possible that we will return to that price. We know bitcoin was previously at $65 immediately plunged to $52k quickly and it is not impossible for them to return to the previous price quickly too.

We just have to wait and enjoy what happens with bitcoin in the end because after all the increase and decrease in the meantime is a natural thing so the most important thing for now we just have to focus on what our original purpose is in bitcoin for.
It's just that this is a little missed by some people who in the end precisely with the temporary decline that occurs makes them panic even though if we focus on the goals we want to achieve we should understand that it is clearly not very useful because excessive panic will only make us look for stupid actions because we cannot think carefully.

If there is one thing we all are expecting is the price pump, during the temporary fall of the market we saw how people panicked all over the internet including the forum and now bitcoin is back pulling up with a great strength, I think those who already sold during the temporary fall must be at some point of regret or something.

This unpredictable movement in price is what makes bitcoin more special and valuable to man than every other currency. If we bitcoin fall it only stays on such trend for a fellow days and it returns and I love the method of price correction.

For the records, we can't predict the market but whatever will be the outcome will not be shocking to us anymore, we might see $70kish  price during the week end but yet sil unpredictable.

It's crazy recovery as usual, going back from $52k to $63k is already a feat in my book since the current ongoing circumstance and geopolitical of the world is quite usntable.
I think it can follow trajectory like when covid-19 happened, basically big bullrun after dump, but i'm still contemplating to long again, since i already taken my profit around $62k basically right now.

still waiting to see whether BTC could hold the resistance around $60k -$61k if it somehow bounces off I guess I will long.

Who bought bitcoin at $50K on the way down yesterday he bought at a huge discount and now bitcoin is back in the $60K+ area.

Price expectations of course we want bitcoin to be at $70K in August but we never know if there will be another decline in the short term ahead, the kayak is still prone to negative sentiment so it does not rule out the possibility of bitcoin prices falling below $60K again.

My guess in August - bitcoin will not pass $70K it will be sideways maybe in the next month there will be a surprise increase again because approaching the election could be the price back up.

I'm not good at TA, but with how strong we bounce back from as long as $50k to suddenly $61k right now, I think it will hold. The biggest barrier for us is $60k or at least those round numbers. But then we already got passed that price as we are in the $61k-$62k range.

And yeah, I know it's crazy how fast we recovered when everyone says that in the next 2 months we will be on a bearish trend. With that, just shows how resilience this market is, but I'm not surprised though as we are trading around the world and so there are a lot of entities inside, whether big whales or institutions or average joe like us that can move the price. So let's see, hopefully in this recovery, we might see seeing $65k or higher at the end of the month.

Yes this is a big relief for many long term Bitcoin holder's because it not easy seeing your investment losing a huge percentage of it value in a fast and furious ways just like the last Bitcoin price dump, it spiked alot of negative feelings in many of us, to the point that we began to bear our loses and ready for the winter, but then the last 48 hour's have brought in a lot of reliefs for us and we are hopeful that the coming days will be filled with more positive price movement that will change a lot of things.
We are heading to above 70k anytime soon and for sure we may likely see some more slide drop in the price of Bitcoin, although that will not last long just like this current dip that never took Bitcoin long before recovering as a prove of Bitcoin ability to continue strong in the face of whatever market realities.

https://iili.io/dlC1e49.md.png

above the $60k level BTC has retested support around $60k and always successfully bounced back to above $60k level again but a support that keep getting retested eventually will become weaker, hoping that BTC could breakthrough $63k level here because if it does that, then BTC might get back up to $70k again, but it's just my short analysis toward the market.

hopefully the market of BTC will keep strong despite all the ongoing geopolitical conflicts.

Personally, I think there will not be too many positive movements this August, bitcoin will still move sideways in a wide range from 50k$-60k$. I don't expect bitcoin to reach $70k this month and conquer higher levels, the fact that it recovered and increased so quickly is not necessarily a good sign in the long run. Like in July, bitcoin suddenly recovered and crossed $70k again but then it dumped again below $50k and caused more panic.

We have seen bitcoin's impressive growth in the first months of this year and it even reached a new ATH, so we should not continue to expect too much. What needs to happen next is that bitcoin needs to correct and accumulate for a period of time and that is happening, before bitcoin returns to a new bull wave. Q4 would be my prediction, a strong growth wave and we will enter a bullish cycle as many are expecting.

Nothing special. I expect that in the next year the price will go up quite a bit but it will be accompanied by swings like the recent one, where many will get cold feet and sell. You have to have a long term vision and take price movements like the recent one for granted.

Yes, looking at the bigger picture might really help us to cope with the dip and it's subsequent recovery. Just like here, from $50,000 and then it goes up, a rapid bounce back to $60,000. For those who have bought at the dip congrats to all of you.

But at least seeing Bitcoin recovered, could be a relief for us. I mean, there are reports that the US economy is not looking good and this could be the reason why we suddenly goes down very hard. So it might take some time for us to recover back to $70,000. Maybe after the US election when everything is clear, we might see a clear picture as where the price will be at the end of the year.

Sounds pretty normal ish? I mean I'm pretty sure this has happened like 3 times already ever since BTC hit 70k, I reckon a lot more before that which I don't actually remember anymore. Actually was a great time to buy, sadly, I had no funds for this recent dump :c.

I believe the market is still going to roughly be the same as the past few months. We'd probably see it touch close to 70k every now and then but nothing big. At least until we break through that exact 70k, I don't expect anything at all really.

Like always the price action remains unpredictable for bitcoin.

I'd say the situation has not changed. We still have the same contributing factors to create a sell pressure (https://bitcointalk.org/index.php?topic=5505231.msg64401540#msg64401540) and they will act as the preventing force against the rise to set a new ATH easily.

On the other hand this recent recovery showed that one of the reasons above (tensions) has subsided a little which helped bitcoin recover a bit (tensions may pick up again). But most importantly the demand is still very much present and people are buying bitcoin which is the actual reason behind the recovery.

Generally I'd expect the same volatile bitcoin as we've had over the past months without breaking $70k anytime soon.

I think the price of Bitcoin is going to decline this month, despite the price surge recently after the sharp price dip, I don't believe that the price is going to do better this month, although we can not be so sure about the price accuracy but I know that Bitcoin might not be able to p
Surpass $70k.

I don't see any possibility bitcoin hitting back 70k benchmark in this month of August although it's not certain that my statement are entirely true but from my speculation I don't see it coming that easily judging from the beginning of this month we have been seeing many downtrend in Bitcoin. Thus, it's only news that would give bitcoin such lift in price since I had from someone that Russia legalized mining but I don't have any confirmation to that yet maybe this could be what made bitcoin gained that fast recovery from the previous 52k to 62k. As we know news is the career of price in the market and immediately every other crypto currency coin follows immediately.

Surely Bitcoin will get to $70k and possibly exceed it either in August or even beyond and this is with a good amount of certainty, I know Bitcoin has a good dynamic such that if properly understood,  we would know it only gets better with its trends. Don't keep much expectations on Bitcoin, it's best to allow it move it's best direction and make the most off it.

Let expect to see some positive recovery movement from Bitcoin in this period, although the market seems to be struggling lately, but the current stems will wadw away and give chance to a more positive uptrend movement for Bitcoin as this new week began, the market outlook in the last week was a building block for Bitcoin as I'm Bitcoin shown a lot of potential uptrend journey with the way it market ended the current week which is ending in the next few minutes.

I think from tomorrow we are going to be see more consistency in Bitcoin market recovery which indeed will ushar us into a new phase in the market that will see the price touching almost the last all time high price.

its hard to expect such price because itlooks like the price is still  up and down.

after dumping bitcoin Hit 62k again but suddenly pausing at 60k and up to now this is the price we are seeing.

currently bitcoin is in consolidation phase, it can go down or go up the market decides, but seeing the narrative and the fact that there has been many bullish news about bitcoin I think i'm more of an optimistic person these days hoping that BTC could ever breakthrough again to $70k, I might be biased since I bought at below $60k though not exactly catching the bottom since i'm quite hesitant in making the entry back then but if bitcoin were to breakthrough to $70k i think it's gonna be great.

it will also let bitcoin to have the last big bullrun to reach that $100k price in the future.

The current price is also not too far from $62K which could be a sign that everyone can still expect $70K price back in Bitcoin this month as it is not too far to expect even though we have all seen how the price started to sideways a bit at $61K level as it is now. But that does not mean that everyone should not expect such a high price as considering the expected amount is also quite reasonable and not too big although we might still need some time to see it back in Bitcoin this month.

"I'm speculating a 5% weekly factor for August on Mondays, bought on Friday and sold on Monday..."

Nothing special is actually happening and the best thing about this volatility is that it seems to be organic, every month of the year 2024 has been highlighted by this behavior of a minimum of 10% on the red candle.

The significant recovery indicates the potential for bitcoin to reach $70k this month but we have to analyze bitcoin's movements in the next few weeks to ensure bitcoin can reach ATH soon, based on reviewing the current market recovery there is little chance that bitcoin will fall back to the correction price of $55k due to market enthusiasm indicates a significant increase in the future, if the market can reach a new ATH then the crypto market has made a new history of reaching ATH twice in the same year, we hope that the speculation will come true and we will look forward to the prediction being realized soon.

That's why we often say that we need to be educated before investing in Bitcoin. There is a high chance of losing if you invest without proper education. Many Bitcoin holders have suffered greatly in the past few days. They do not have proper knowledge  when to invest and when to buy due to which they are likely to lose. Many investors have already failed to hold their bitcoins. A new investor considers a price dump in Bitcoin as a loss but an experienced investor waits for the price dump to happen. They think that a fall in the price of Bitcoin means an increase in their profit margin. Because they try to hold more bitcoins whenever the price drops. As a result, they dream of buying more bitcoins at low prices. Currently, each bitcoin is worth slightly more than 60 thousand and since the bull run has not yet started, it is important to hold more bitcoins.

I'm a little bit disappointed that the price recovered so quickly. I assume that the August 5 global market panic was short term, but there's always the possibility of another global price crash and panic on the global financial markets(especially if the Federal Reserve doesn't step in with decreasing the interest rates). I was hoping for a summer bear market, but this isn't happening. There's a lot of optimism about the future Bitcoin price and the BTC traders/investors cannot get discouraged by bad news about the US economy(or the geopolitical situation).
I read news about FTX paying out 13 billion USD to it's investors/creditors. Maybe this will start another crypto selloff round and we might see the BTC price going back down to 50K-55K USD.

$70k is possible for this month but I let it slip for this moment because too many factors have been stopping it. Ghost month, the sudden crash but then the recovery was there and we're back to $60k. This is a normal thing for Bitcoin to recover back to $70k but it might take time I am not in a hurry and this is a good thing. The slower that it goes, the one push away is about to trigger anytime soon. Speculations that I have read make sense that we might see a lot of money flowing again that shall push the demand higher by the end of this year. We still have a lot of time for this bull run and people are becoming too impatient because they want it to happen asap. Looking out at the start of this year, you'd say that BTC is doing pretty good.

$65k was resistance I expected to break during mid-August, but the market has not shown much of a recovery after surpassing $62k. Today's price corrected again to $58k, but I believe this is only a short-term correction at the end of the week and will test $60k and above again at the beginning of the week.

So far I'm not worried about anything other than just worrying about not accumulating when I have the opportunity. The opportunity for accumulation was wide open during the correction, but budget requirements for other needs meant that I failed to take advantage of it. At the end of the month, I expect $70k to be tested again.

It’s actually possible but there is higher probability that bitcoin price will experience another price decline within this month. And I don’t see it any surprising because judging by the high volatility of bitcoin, it can go up instantly but it can also go down when we least expect it. For now, I’ve learned to just accept that bitcoin price is really unpredictable. But I’m also not losing hope that at the middle of this month, we will see price reversal and chances are, it could even go up straight with slight price fluctuations.

We are all just speculating the possible bitcoin price in the now and the near time to come, and what Will happen in the next minute to come we can say since bitcoin is a volitile asset's that it price is mostly unpredictable and at such we all can just do guess work and nothing more, right now, the month is far spent and we are almost heading to the half of the month and yet that haven't been any significant improvement in the price of bitcoin, bit that also, that can not outrightly override the possibility to see a 70k prices in the bitcoin market anytime before the month end although I am not saying that this is a guarantee but just possibility.

Its always been like this on which the price would really be only having two movement on which going up or own then it would really be just that normal that whenever the price market dips then it would be ideal to be seen this as an opportunity for you to dca or make some buybacks.People would really be starting on buying up on the time that the market price is recoverying and on the moment that it would be making up some decrease then they would really be finding out to be a bad entry and then later on they do cut losses which is really that an absurd thing to be done not unless if you would really be holding up for long term then it would really be just not an issue but if you are going for short term trades then these kind of decisions would really be something crucial or something that you would really be needing up to consider.

What to think about price recovery? Its really just that an ordinary day here on crypto space.Whereas, price do act like a roller coaster on which you would really be needing up to buy low and sell high
accordingly and this is something that you would really be needing up to do. Although this sounds basic but its never been simple nor easy, thats why majority of us would really be committing
out mistakes of having bad entries and exits but well its just normal. Experience would be the best teacher.

Why are you so interested in what the price is going to be in the first half of August or the month of August, are you planning on selling this month or you just want to discuss the price. If you are thinking of selling, I will ask you to reconsider that option. I do not like it when the focus is always about what the price of Bitcoin is going to be in the near month but I am interested in what the price will be at the end of the bull market which if we are following what happened in other bull market, was should be expecting the highest point of the market to be next year when Bitcoin will get its highest price. Still though I do think we can get pass $70,000 because the market has bounce back stronger and it is just looking for a strong support before it begin to rise again then we can see $70,000.

The market is trying to recover, but I'm still getting high selling pressure. As a result, bitcoin is still having difficulty maintaining its price at $62k, and now the price has even fallen to $48k. A few days ago, there was a breath of fresh air regarding recovery, but the market still looks bearish in the near term.

Selling now is certainly not recommended as a wise decision, they should accumulate instead of selling. I don't blame them if they want to sell their bitcoins now, but I don't think this is the right time. Wait longer until the market recovers and they can sell at a higher price than now. The best thing now is to stay calm and continue with the main plan in investing.

The price recovery was pretty fast. I mean not only crypto, but also the stock market did crash in the past week. But bitcoins soon recovered from the 48k USD price mark to 60k USD price. I am sure that many future traders have taken good profits during this time period. The price will now revolve in this recovery zone for many weeks. Hence, if someone hasn’t bought enough Bitcoins, then definitely he can buy some and hold for the long term. I am assuming the next target of Bitcoins will be the 70k USD mark. Let’s see what happens next.

You would really be able to see that it cant really be able to easily break that 62k price point on which this is currently the resistance that we are really that indeed to break. Somehow we are really that moving sideways at the moment on which there are no sentiments or other possible news that would might affect the price movement. Somehow making up some position at the current price isnt really that a bad idea to make some entry.
Recovery when it comes to price then this is something that a normal movement for this market to have. Whenever there would really be those drops then it would be normal that recovery would comes next.
It is really just that there are really just that people who are really that not expecting that movement is really that something that too volatile on a short period of time. Instead of freaking out then it would really be better that you should really be trying out to look for some buyback entry.

Bitcoin would really be that always volatile. There are really just those moments or conditions on which its movement is really just that too volatile on which you cant really be able to handle and if you arent that good when it comes to emotional aspect then you are really that bound on making up some bad decisions and this is why its really that important that self realizations and right approach you would really
be needing on the time that you've seen that you do see those opportunities whether getting out or getting into those price points.

Right now, Bitcoin is down -5.4% month-to-date, and we still have 2 weeks to see if Bitcoin will end up in green by the end of the month of not.
My expectations? I'm pretty much bullish all year and it's the same for this month. I believe that we will end up in green when we enter the month of September because I believe that Bitcoin will gradually increase in price during the -ber months. Well, that's my expectation, but I'm still ready just in case it will not happen.

Bitcoin to $70,000? If it's this month, I don't think that it will happen unless there will be a catalyst that will push it's price upwards. So far, there isn't any that's why I don't think it will happen. What I believe though is that, Bitcoin will surpass the $70,000 price during the final quarter of the year. As for what happened in the last few weeks, the recovery really is that fast indeed and I didn't expect it because what normally happens is that, the market will go down sharply then it will slowly increase in price. That didn't happen.

Overall, I hope that most here grabbed the opportunity to buy when it went down and sold it for a short term profit. :)

I was able to convert my few remaining USDT to crab more sats to fill up the bag, since Bitcoin gave us the discount price right now my last bought bitcoins are down with about  -2.50% but then I don't care about that since I know very well that the Bitcoin market will definitely rebound and very soon, I will be in gain again, waiting is one of the most important characteristics of any Bitcoin holder's and investors, and no one knows the direction Bitcoin will go, but all together, we are going to remain positive with our total accumulated Bitcoin and having in mind the risk that comes along with Bitcoin investments, we may likely be in the green 💚 zone at the end of the month or not, but regardless we have to keep long term in mind.

Of course it's always like this people don't know when to utilize the market by accumulating more bitcoin when there seems to be change in market it could be -2% or -5% only this drop when it increases back you make huge profit back especially if you are trading that could be a good take zone because you have entered at the right time waiting for the market to bull.
Again the market doesn't constantly remain in a particular level, meaning it could be green today and red by tomorrow so anyone who understands the market very well can actually accumulated enough bitcoin.

Exactly, we have to be patient in the current zone market conditions because price movements are not convincing for trading purposes, the market touched the price of $56k again at the low correction price a few days ago, but if you accumulate bitcoin for investment purposes then the price will not be affected because you are focused on running DCA strategy, the current market is risky for traders if they do not analyze the market before trading, they should not assume the market will move at the same level every day even though the movement indicates price recovery but cannot be used as the main signal for trading.

Error please work on this comment, you post doesn't appear well because of mistakes in the editing process as you quote me above, I will be follow-up to see when you edit and correct that error and I will be waiting to correct whatever needed on my own part, this is a frequent mistakes when quoting and editing post's before you post your own replies.

Bitcoin have mentained a trageteray partten of movement, and for sure no matter what the level of the market dip, it will only take time before the price recover back and possibly surpassing the previous price, this is the volitility in bitcoin, and at most the best part of bitcoin, giving us the chance for a come back each point in time when the unexpected market downtrend happens.

As of today BTC price action is still weak but it could develop this last day for the weekly bar into the week open having ended here neutral, into strength.   This isnt a set decline or a determined direction just yet more a failure to proceed positively.

Bitcoin's price movement day also tends to be slow even though it is quite close to the $60K level, but I also agree more with what you said that with the current market conditions, it is better for traders to focus on buying and not selling it. Because Bitcoin investors also do this by continuing to accumulate through the DCA strategy so it would not be bad if traders also want to follow such steps while waiting for market conditions to improve. And apart from all that, I also don't understand why the Bitcoin price is starting to move slowly and looks a little difficult to increase at this time.

Very well Bitcoin market is still struggling to mentain a position around $60k and several attempt to remain above that price have failed in the last 24 hour's which point to the fact that the struggle for the market recovery is still far from being over and unleas we see a market that retain a $61k+ which will become a more stronger resistance position for Bitcoin to mentain the 60k benchmark, but that the moment the chart is not favorable for Bitcoin and the volume sell pressure and that of buy pressure if calculated then you should know that the market will definitely be heading downward more in the new week, although anything can change at anytime and Bitcoin can still decide to surprise all of us with a new price benchmark in the least expected way and time.

market is so uncertain that people hesitate to buy is the answer, since bitcoin already has hisory of touching local bottom, it can reach that again so people are afraid, if the direction that market is taking isn't that clear at all certainly the buying demand will be lower.

https://imgvb.com/images/2024/08/19/94d45eedbbb8aceb358e5b2955b93785.png

that one time where the price just falls below $50k is the culprit that makes people afraid.

Friday's dip remains unconvincing to me. Even considering the last few weeks of selling pressure. But we did bounce off a primary support @49K so even if we might see another continuation to this seemingly meager recovery.

After falling for several days, the Bitcoin price has once again reached a stable level. Currently the market is running between $58k. But some other exchanges including coin base have seen their buying pressure increase after August 5 among large investors which is definitely a positive aspect. If this buying pressure continues we could see Bitcoin price at 64k or higher by the end of this month. The crypto market has witnessed a major decline due to some mixed signals. In contrast, Ripple's victory in the long-running SEC case once again gives a green signal to the crypto market. Although we have not been able to see any direct positive impact in the market yet, we can expect to see an uptrend in the market soon. Bitcoin price is very likely to be between 64k to 70k in the next few days.

https://talkimg.com/images/2024/08/19/7v9KD.jpeg (https://www.fxempire.com/forecasts/article/bitcoin-price-prediction-btc-65k-coinbase-traders-14-day-buying-1454739)

The one off price is an upset but it would be gone and left behind if it were not for being in a sequence of prices.   Its the pattern that really makes it dangerous here, since March only in May did we not echo this 50k low in some way.   The previous prices were not as harsh, the March low for example was only 60.8k hardly too bad though it was a fall of 13k in just 5 days

If there is a negative trend and each month its got worse, its something bigger then just 50k so that all points to this latest low and that it might continue again in future.

The trick is that it shouldn't fear you but instead it should excite you because that drop was the perfect time to buy and the people who bought there already made like 20%+ profit already, which should show you why it's important to make some profit. I believe that we are going to see some good returns on this if we know what we are doing, and if we buy at the right place at the right time, but if we are not careful then we are going to end up with a bad result and we shouldn't do that.

There isn't really any negative trend, and I do not think that we are going to see lower and lower, we are going to start seeing the bull run soon enough and we just need to keep at investing into this, if we keep doing that then we are going to be fine. We can have big drops at times, that's normal in this market and all we have to do is keep on buying whenever it drops, that way we can do DCA and make a profit quicker later on.

People sleep on DCA but that's literally the best way to make a profit, if you really want to make a profit then you just have to make some money that will be making good enough return without a doubt, you have to actually get a greater result by considering what you can do.

I would guess that it will probably have yet again another boring week, usually when there are big movements it becomes boring for a while and that's what we may see in the next week. Doesn't mean that we are going to see bad results or anything like that, it just means that it will not be easy to handle it all. We could probably consider how this could go on, and for that to happen we need to keep on putting a little bit money every time we can, and just watch and see how it goes.

People are expecting something huge for the upcoming period, which isn't wrong I expect it as well but not for the next one or two weeks, that could be something for the next few months instead. I believe that we are going to end up with a great result if only we buy now in the next one or two weeks and sell a few months later. Don't have to sell directly a few months later, just need to make sure that you hold it until the peak and then you would be able to sell it.

It's already the 2nd half of August, but the price of 70 is not even close, the bull phase of the market has not yet come, but in my opinion it will all be in the autumn and I expect 70k in October.
imho

70k on October or not, we wont really be able to know on whats ahead. Price of bitcoin or its value is really that making up some consolidation and its true that we are really that still moving sideways
and it would really be that hard to guess out on what would really be that next move of the price. We are really that still midway of month of August and here comes September on which its still
been known that the market wont really be that good on this month and here comes that October on which we do pretty sure that everyone is really that waiting up for this month.
Although there's no sure that it would really be that following on the same path just like on the previous cycle but we do know that it might not be the same but it do always rhymes.

This is why if you do really see this condition to be the sweet spot for you to make some entry then better do it rather than on making yourself that be missing out on buying with
these cheaper prices. The thing what surely other people which are waiting is into that possible 40k+ price point or drop or even lower. We arent that still yet
but we cant be able to tell whether it could happen or this would be the last price support before making some moonshot.

We noticed that a lot of volatility was complete for the entire tie bitcoin market during the month of August. Early August saw a lot of dumping in the Bitcoin market which reached a 2024 low of 49,000. However, even though the market reached $49K, the current market has improved somewhat. At the moment the market is standing at 61 thousand dollars. But I don't think the market will reach $70,000 by this August. Many may have taken advantage of this dumping market. Those who have been able to exploit it are at a bit of a profit right now. However, even if the market is down at the moment, no one should panic about investing, surely the market will grow and it is expected to achieve a good position by 2024.

We are in the bull run and these corrections are normal. If you are new to this market, you'd lose your patience and you only want to see the moving of price positively.

But that's not how it goes for Bitcoin.

And let's wait until autumn or even longer and hope that $70k will be reached again and more than that soon.

August is almost over and Bitcoin is still struggling to maintain a stable price above $60,000. All the high hopes that traders had for the month of August is not going to be possible again. To me while looking at the movement of the market, it is looking not possible for Bitcoin to be above $70,000 in August. I know the market can shift at anytime but the more realistic price should not be above $65,000 and selling Bitcoin at that price now is a wrong move when you can wait for a few more months and be capable of selling Bitcoin at $100,000 or above that price because although the market is not looking very good right now but still there is hope that when the bull market comes with all full force, that the price of Bitcoin is going to be trading very high and gets us to a new highest price.

Everything is possible with bitcoin, it can exceeds the price of $70k but it can also move downward dramatically and reach a very low price. With its high volatility, both are very possible with bitcoin. However, what I see in the current market is a constant price decline at a small basis, which is not harmful at all. Probably this is not the right time yet to observe price surging with bitcoin, but eventually in the next months to follow, I have this feeling that bitcoin price will create some progress until we start seeing positive prices of bitcoin again. Patience is a must this time.

This is a good period where everyone is finally realizing that its not going to be going down forever, and this has to be very important for newbies, it is making a good teaching of a lesson for them. Too many weak hands sell as soon as they see it go down, but the reality is that its not going to go down for that long, it will recover and you just have to realize that.

This recover was something expected and nothing shocking, we all knew that it would recover and that's what it did, if you are a veteran then you knew that it would be back up .We are not only going to be at 60k for now, but we will break over 70k and even break over ATH after that, when that will happen is unknown but I know that it will happen. This belief in bitcoin to always recover, and always eventually break over all time high, is the reason why I keep putting more and more of my money into bitcoin, I know that it will do well and that is why I try to make as much money as I possibly could.

That price fluctuation is a natural thing in the bitcoin price movement, although indeed at that time the price reversal was quite high, and I have the same thoughts as you, for now we are in a sideway zone, which certainly the price movement will not fall significantly or rise exponentially, the price of bitcoin needs to consolidate and needs to form strong support at the price zone level, it is useful to jump higher for the price of bitcoin.

For things to get much better then we need to look at the long term in bitcoin, price volatility is normal, even if it is tens of % in daily price increases or decreases.

Weak hands should really think about what they are trying to accomplish by investing in this market, after all the movement that had bitcoin reach a price close to 50k not too long ago is not exceptional at all, as we see movements like that all the time and we will keep seeing them on the future as well, so unless they can accept this is the reality of this market, then they will keep selling their coins when that happens and losing money will be inevitable for them.

The realization of bull run coming is such a good period that I love it every time it happens. There are way too many people who do not see that unfortunately and because of that there are too many people who make mistakes. We need to make sure that people know that this isn't really the way it will go and the bull run is coming. Historically speaking, we have seen that whenever there is a halving, it takes about a year to peak and we will probably peak by spring of 2025, I have that feeling but I can't guarantee it so I do not suggest anyone to do anything.

However, I do accumulate myself, because I know that it has happened before and I am feeling like it's going to happen again, we are going to probably end up with something much higher eventually. This is why accumulating right now is a great feeling, I do not have nearly as much as I want to have, but I have some and I am hoping to get even more in a few months, with the hopes that I can get before it starts to go up a lot.

For those people who are really that taking this first bull run experience whether on Q4 or on Q1 of 2025 then its something that will really be just that a normal approach or thinking  that they are really that excited
into this upcoming event on which everyone is really that anticipating. Somehow it would really be better that you shouldnt really be that making yourself that being too optimistic towards the market because
we are really that still hovering ourselves towards the market on which anything could really happen in a snap.  Price recovery and dumps will really be just that always that tie up together. Instead on making yourself that thinking up too much about the bull run thing, then why you cant really just that make yourself minding about getting some opportunity on getting on low price whenever the market corrects or having some dumping state?

Always put up into your mind that market could really be that so volatile and there's no way that you could really be able to predict on where it would be going. This is why on the time
or moment that you do find yourself having those cheap prices then it would be ideal that you should really be accumulating as much as you could or simply speaking about DCA.
This is why its important on having those kind of mindset or thinking whenever you do see those opportunities.

Weak Hands ...Ahh it has been told many times that weak hands sell and the market dumps. This is not the case because the weak hand are mostly retail and dumping won't affect the market much. Actually, it is the whales who sell or buy and the market moves because of them. Yes, the retail also buys or sells based on how the markets move but we are taught that the weak hands sells  :P



The market will move on its own, we should have a plan as when we will stop buying after a certain price and at which price we will do the DCA. Also we should have a selling strategy as to when we will sell in parts so that we gain maximum profits.

Indeed, the price of Bitcoin is in a lunar phase and this week there has been a change to increase, but if I speculate, it's just an unofficial, illegal gaming phase, I'm very sure there are shrimps behind the rock.

From the experience I've seen, price spikes of $5k to $10k per 1 Bitcoin often happen, it doesn't indicate that Bitcoin will reach a certain point, many investors play like that, first: they buy in large amounts, they don't want to stay long in the market, ahead of the price rise for Bitcoin, they let it all go, I speculate maybe we will see in the future the price of Bitcoin occupying the $50k level, the current situation seems to me a gimmick.

Whales can do anything to affect the market because they have high assets that can drop the price of bitcoin by several percent on the exchange, traders and weak hand investors will be easily affected by these conditions so they sell their assets to cut losses even though they know the market will recover soon but they are not ready to wait and are not ready to accept the risk of market correction.

They need knowledge to understand the unstable crypto market conditions but actually the market will stabilize after passing the correction moment and the market will prepare to go to higher prices and we predict ATH will come soon at the end of the year, so anyone who has bitcoin assets should hold on to achieve the profit target you expect in the future.

The whales control the market, and they can indeed effect the market in whichever direction the want and since their are sometimes most active trader's, the constantly keep pushing the price of bitcoin each time they want , when their want to fill up their bags, their make the price of bitcoin to dropped and then they buy more, this have been a known fact for a long time now, also aside from the whales we have other factors that can influence the price of Bitcoin in multiple times, like news and other social factors, this have made the market price prediction to be almost impossible in most cases, expecting all time high each point when the price touch the bottom may also be a bit out of connection this is because, Bitcoin market correction sometimes we can extimate the time Bitcoin market correction, and for that we marketing attempt to predict when and how the market will go is just an effort in futility and that is why we always say that Bitcoin market movement is unpredictable.

The best we can do is to prepare ourselves, online with the situation, and that is where the knowledge Factor come into play, Bitcoin l, so at each point we have to keep ourselves equipped with the knowledge of the market, and reading chart to know both corrent and future events and what we expect from the market, those that have the knowledge can be moved with any market situation, and newbies should invest in knowledge aside from putting their money into Bitcoin.

Just for context, Bitcoin didn't even reach the $65,000 price range again ever since it happened in the first weeks of August (2nd of August to be exact), and Bitcoin reached $50,000 once (even went below it for a short amount of time) during the 5th of August.

With more or less 4 days remaining for the month, it's pretty obvious that Bitcoin reaching $70,000 will not happen. What I expect is that, it will reach that price during the 4th quarter of the year. Historically speaking, Bitcoin is performing well during the final 3 months of the year especially during the month of October so I guess we will see the same this time.
Why are we blaming only the weak hands? I mean do we consider those who want to sell their Bitcoins "weak hands" as well?
What if for example, I'm a long term holder of Bitcoin and I want to sell it at $50,000 but my buying price is around $10,000? Am I one of the "weak hands" investors then? I don't think that only these kind of investors are to blame when a huge selloff happens. Let's also include those who also want to take profit at that price as well for some reasons.

Bitcoin has corrected the price of dumping in various stages but the altcoins that dumped along with Bitcoin are not able to correct the price anymore. The amount of price dumping after investing my bitcoins has almost corrected the price of bitcoins giving me losses. However, Bitcoin will increase and decrease at different times but will never permanently dump from the market, but once the price of altcoin is dumped, its recovery becomes impossible.

Bitcoin in general appreciates its price in time, but prior to that, those pumps and dumps or price correction are somewhat relevant before bitcoin will continuously increase its price. Note that bitcoin itself is highly volatile as well as its unpredictable market, so even if we anticipate for more bitcoin price increase that I think will definitely happen in time, but the fact that it’s volatile in nature only means that we should also learn to accept that bitcoin may suddenly drop its price all of a sudden and then recover afterwards.

In fact, I haven't really followed Bitcoin price movements since the end of July, only checked occasionally and it was quite surprising to see the price go below $55,000. Panic certainly created, but is that a good opportunity to buy? I think it depends entirely on their financial ability and knowledge about Bitcoin, believers and having a lot of money is an opportunity but there is also definitely the opposite. Now it's the end of August, $70,000 doesn't seem to have happened yet so my speculation is that it will only happen next month and the price will only be around like today in this month and next month maybe something better will happen to Bitcoin

If you are a long term holder then this would really be mostly happens on which you wont really be that not that updated all the time on which on the time or moment that you do find yourself having those
kind of investment plans but actually you are really that missing out those golden opportunities to buy more when the market had made out some dip or correction. Yes, the price had gone below 50k on that last drop
but it didnt go below that much on which there are really those sayings that it would be go even to $42k but it didnt happen. Now we are making some sideways movement after that drop
on which this is actually the hard time on making up your positioning considering that price movement is really that showing having no clues in terms of TA on where it would possibly go.
Therefore, trading experience and skills will really be that relevant everytime that you would really be making positions.