Bitcoin Forum

The price fluctuation of $200 - $300 is normal, if the value drops more than $500 then we can say the price of BTC will go down.

If we have a look from the past 1week the price of BTC is really impressive, I thought the price of BTC will go down very badly as COVID-19 is still in progress but crypto has some different thoughts. Well my prediction till halving is 10k.

It looks like Bitcoin will continue PUMP up to $ 8000 after it will go back down to $ 5000, after halving,
accumulation at the bottom is important to make the whales profit a lot when the next bullish comes

We cannot describe what happens as a pump or dump. The price is moving on a moving average basis, and we have seen some growth over the past 24 hours so the scenarios are open.
Personally, I do not think the price is able to rise, so even if we had reached the price of 8,000 dollars, we might go back again.
Perhaps some are optimistic about bitcoin halving.

I don't think bitcoin will get a big pump on the crisis pandemic that has hit the world. All people are in economic times that are difficult to meet their needs and need more cash for their survival. maybe in the short term we will see bitcoin in the area of $ 7500 - $ 8080 in the coming week even though it coincides with the halving event for Bitcoin 2020, but in the short term bitcoin will fall to lowest level. I predict big pump will occur by the end of 2021.

I think there are many people who are optimistic about the effects that might occur after halving and they deliberately prepare to buy and hold bitcoin within a certain period of time. Is this what is called FOMO ? because some people are optimistic like people who are afraid if they are not on the right track when bitcoin starts pumping. Its hard to guess how someone can be sure about a situation that hasnt happened yet, but I am sure they also consider the risks that might occur after halving.

Predicting prices is indeed difficult, but as is the case at the moment, the price of bitcoin is increasing well and maybe this is a response from the preparations of traders and investors to halving 2020.

Bitcoin dump of $500 is not enough to change price or trend direction. I have see this happening several times and the market always bance back to it formal direction. I think current outside halving there is no reason why bitcoin should do wonderful well as other financial instruments are falling.

This price range is very critical for bitcoin, here anything can happen, if the price goes upward then also it can come down quickly as currently there is least support and more oftenly people are selling their coins as no other source of income is there for those people.
I personally agree that bitcoin isn't gonna push up higher currently and it will dump in a short interval of time.

Bitcoin is now at a level that is very important. As difficult as it is to break it, if it can break Bitcoin, we will see an up trend. I still think it will be difficult to see the big pumps of Bitcoin during this crisis. Because now is a time that is terrifying people all over the world.
Again since bitcoin halving a few days left. So now there is a possibility of seeing an up trend of Bitcoin. But what I have said is that the world is not good now so it is difficult to predict anything. Now Everything depends on the bitcoin bulls.

People might not have an income due to lockdown but the local governments are doing everything they can to support the people financially. Though, It's not gonna be enough but at least that alone can hold the price to where it's situated in right now.
Currently, the market is showing signs of gradual increase from day to day. This might be the retail investors pouring more asset to take advantage of the possible bulls after the halving.

We cannot say that is for sure because just when Bitcoin got down as soon as the world markets fell Bitcoin is the only one who got up and quickly recovered, this alone shows that the dump was only cause by the global pandemic and the actual demand for Bitcoin is really strong especially when you think about how it quickly recovered from the 4,800$ mark which was simply amazing. On Bitcoin going up to the 7,500$ to 8,800$ level I could see that there is a big possibility but as of the moment Bitcoin is still consolidating which does not show neither it being bullish nor bearish, I would still observe what this week will offer to us to see a much bigger picture of the actual movement of Bitcoin.

I don't mind a $300 dump because this is not going to be big or important. It will just make it go back to the level it was at 2 days ago.

I'm looking for something much bigger now like a jump back to 8000 and a way towards 10 thousand. I think that it doesn't matter what will happen in the next 2 or 3 days. The halving will make the price approach 10 thousand somewhere this year and that's what you should be happy about.

Ignore those small $300 moves and wait for the big one that will make it worth the wait.

There hasn't been a big increases yet, if bitcoin will dump as long as the support is good, then it should not be a problem.
I don't want to expect much, but if it will do a breakout, then let's see what price it will land, but like what happen on its past trends this year, I am neutral for now, and I always consider the real situation in real world.

If we know the nature of the market, we can't expect the price to either pump alone or just dump.
Well, it doesn't really make me worry to see even the market will dump because it will never take longer but it will back to the pump again. The resistance still good and to the fact that we are moving closer to halving time, it was to think about the possible pump but I wasn't confident enough nor I was expecting a lot that it gives such thing (only just hope).

It's just too early to decide whether Bitcoin would pump or dump and just because you've seen it rise it's just doesn't mean it will start to pump. Remember that there is always a manipulation of the market since it is an open market and this might be some kind of testing for them if traders would take the bait. But if you believe that this will be the start of Bitcoin to pump...then good luck with that.

It will surely breakout to 7800$ easily knowing that we are very near to the upcoming bitcoin halving and the chances that the traders will try to play in this market situation is very low so we can expect a less dump in the following days until we will hit the halving time. The crucial moment will be after the halving because if the market will crash then it will surely crash pretty deep the same to what happened last dump.

So let's just hope that we can trigger the bull season after the halving so we can expect a less dump and a bigger push of the prices. 8500-9000$ will be safest price of bitcoin when the halving happen.

I think what the OP is pointing out is that if you want to play and make some money, better be ready for it. Predicting price is very difficult as we all know, we really can't say where the next price will go. Currently it seems that we are in sort of bullish run to $8k, which is big mental barrier to breach in my opinion.

So the OP is giving us just a sound advise, trade cautiously and don't think that the market will go on a parabolic rise. Important reminder that there is the block halving couple of weeks from now. So better be prepared.

Bitcoin will be on $10k for the end of 2020 according to Tone Vays. I reckon many of his critics might be beginning to listen to him after making the correct prediction of bitcoin dumped to $4k, 1 month before it occured hehehe.



I can see Bitcoin rising to as high as $8,500-9,000 on this run up over the next month or two, after that I think it will pull back down but I don’t see Bitcoin falling under $5,000 again. If the economy continues to be poor, Bitcoin will probably not go up much because people will just not risk the money they have left on Bitcoin. As for end of 2020, I think Bitcoin will be around $10,000.

Source https://dailyhodl.com/2020/04/26/analyst-tone-vays-predicts-12-month-bitcoin-btc-trajectory-says-three-factors-will-drive-people-into-crypto/

You should consider using more accurate terminology.

https://en.wikipedia.org/wiki/Pump_and_dump

Bitcoin is not a scam. No one is pumping the price fraudulently in order to permanently dump it on unsuspecting victims.
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If you mean to ask if the price will rally or dip, it's anyone's guess, but most people with extensive Bitcoin experience expect a rally.

Long term the price will keep rising as adoption continues due to its limited supply.

Short term, the price is rising as a correction to the large unexpected dip linked to the stock market crash from Covid-19 panic. We have already seen a week of green daily candles.

There is also the mining reward halving that will occur in less than a month. Historically halvings lead to steep price increases within a year or two.

Supply and demand have a big factor in the value and bitcoins price IF due to pandemic everyone might sell their bitcoin and will lessen the demand from the normal rate. If demand is lower than expected then the supply becomes higher and in order for the crypto world to sustain the changes then bitcoin's price will drop to entice people again to buy or invest again in the crypto world. So, therefore, Bitcoin isn't a scam that has a pump and dump, but yes it can be manipulated.

This was the scenario during the first few months of a pandemic that makes the value of bitcoins dump however since people are starting to relax again even lockdown or ECQ is ongoing they are now returning to have their assets back to what was it before. In this case, people started again to buy bitcoins that make it's valued higher that will also reflect its price especially people nowadays are considering bitcoins and cryptocurrency are safe havens that will give us a bug pump up the value of bitcoins.

Have you notice Bitcoin showed improvement this week. It's almost $8K price.

that is why Youtube is flushing all the people like him out of their platform. they make some random guess and when it comes true they milk it as much as they can and mislead an even larger number of newbies who are desperately confused about the market situation and want someone to tell them what to do. hehe.

Since the halving is exactly 2 weeks away, and stock market looks like it might print newer highs and there is still a correlation between the two. I have a feeling that the $8K area will most likely get engulfed.

Basically everybody is trying to short that area. Mainly because its huge supply when we dropped from $8K to $3.5K very quickly and also because we are currently into what is known as a bearish flag.

However knowing the way bitcoin behaves. When most people take the trade in one direction, usually the opposite happens.

A rally is quite expected especially since the price drop last time was quite steep. Everyone is testing the waters early on and seeing as the reaction is quite positive, the market decided to push forward. Currently, we are on the end of April and approaching the start of May, which is the month of halving. If we base this on past halvings, you could see a steady growth of price after a few months of halving. That time period also shows a certain steady growth and doesn't really show any big dips so far. Honestly, just based on what the Halving does, we can all expect a rally, the question is how big though. Seeing as the current state of various countries right now, I'm pretty sure there would be positive changes in the market, but it would rather be limited.

I imagine bitcoin price will get the pump to the higher price, at least the price can break more than $8k before halving. And after halving, the price continues to increase higher and reach $10k. I guess we have an opportunity to see another increase at this end of the month, and in the next month, we can hope bitcoin price will come stronger than now to break another higher price.

Perhaps, the price can be back to $7,700 in a few hours later so we can back to make a profit again. But everything will depend on the market, and if there is more support happens in the market, then yes, the price can increase higher. But if it's not, then the price will make another correction.

current market sentiment is still Bullish, many are taking Long positions and the target this time is at $ 8,000, but already 4 times resistance of 7700 is rejected, if you have 100% of my advice positions 50% HOLD that you have with Stop lose, because before halving we don't know Whales's plan

I would better think that whales will think of pumping bitcoin before halving, so I guess we will be back to $8k soon, it's not the highest this year though so it's not hard to accept that, when we talk about the whales, they are just manipulating the market, so TA does not matter at this stage, it's a big guessing game we usually lose because we got too attach with the situation, the halving that would cause some bullish sentiments.

With the Bitcoin Halving coming in less than 2 weeks, the sentiment of the market right now is Bullish and it already reflected on its price as it is at around $7700 already. I see the resistance at the 100 Daily MA which is at around $7900-$8000 and keeping its price up there for a few days may change the sentiment completely. Just my own opinion :).

A short pump like 300-400$ and a short dump like 300-400$ isn't uncommon already as it happened many of times already. Its just that we always see the bigger rise and bigger fall of its price. The sentiments are bullish right now but we don't know what can happen in the next days. Maybe we see manipulators pump it and then dump right after the halving end. We don't know but lets just be ready for it.

Tone Vays channel is available in Youtube.

In any case, was the guess really random? He was correct on his last guess only from analyzing the price chart. He might not be 100% correct, however, he might be more correct than many analysts?

Does Tone share his trading record?

so far, the achievement of the price of bitcoin has been quite high. we even see the price of $ 7,750 now. it is possible that in the near future, the price of bitcoin can reach prices of $ 7800 to $ 7900. however, developments are still happening. I'm pretty sure the price of bitcoin will pump.

I used to be very optimistic at the start of the year, I was thinking $15 k is attainable and possible since we are coming in the next halving year, this usually happens before or after the halving, I have to contend with Bitcoin at $7 k to $8 k level if there are dips then hopefully it will not go down to $6 k level, because of the buy support level.

Have we thought that Halving will use to pump the market price? Maybe I was guilty if I say no because I think the market started to make bullish during halving. $7k is quite a good price for me, we've been at below $4k last month but we are moving away from that price. Maybe we can expect a high price this time as we overcome the dip in the past days.

Well, I was an optimistic person and I am positive that the market no longer to dumps hard even we don't break the $8k resistance.

I would say that it is still uncertain what would really be the standing of Bitcoin in the coming months because the pandemic is still affecting a lot of countries, and is still on a quarantine, making them incapable to contribute to a wider chain of demand the economy needed. But, as the halving is already happening next month their is a high chance that the price of Bitcoin might go into a pump, especially when these days have proven quite a good situation for the Bitcoin because, even when there are still a lot of people in distress about the virus, the price of Bitcoin is still in an uproar and have been continually increasing. Even with the circumstances, this year might still be a year for Bull run, especially when this pandemic is over.

BTCUSD - “POTENTIAL for a Dip Exists Locally; NOT a Dump... PERIOD.” Posted 18 hours ago…
https://www.tradingview.com/chart/BTCUSD/ixAzk1wv-POTENTIAL-for-a-Dip-Exists-Locally-NOT-a-Dump-PERIOD/ (https://www.tradingview.com/chart/BTCUSD/ixAzk1wv-POTENTIAL-for-a-Dip-Exists-Locally-NOT-a-Dump-PERIOD/)

BTCUSD - “LONG TERM TIME FRAME Analysis With My Indicators.” Posted 17 hours ago…
https://www.tradingview.com/chart/BTCUSD/I3gxO5Vf-LONG-TERM-TIME-FRAME-Analysis-With-My-Indicators/ (https://www.tradingview.com/chart/BTCUSD/I3gxO5Vf-LONG-TERM-TIME-FRAME-Analysis-With-My-Indicators/)

I wonder: how long will it take Tom Lee to create his own YouTube channel? if Tom Lee creates his own YouTube channel, then we will see many "experts" from the crypto world creating YouTube channel  ;D

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we don't need to be a genius or have a crystal ball to know that the price will increase considerably in the next two months, of course I highly doubt that it will be a very large increase, but what can I be 25% sure Is that the price will increase next two months, prepare the money and buy now if you want to make some decent profit


we are in the crypto world where such an event like halving always has a pump at the price even if the world faces problems this pump will happen

$7200 - 6800 is still not the worse number that could happen with bitcoin.
This will just be another walk in the park as they say it.  ;D

Chances of it to happen is after the virus and people can start going out of their houses.
If they can move a lot, they will start spending again. Withdrawals may increase that could cause a big dump.
But the halving is also near, which could be a big thing.
It's really difficult to predict it now. Anything can happen.

"Here's WHY a DIP and NOT a DUMP Before Upward Pressure Resumes."
https://www.tradingview.com/chart/BTCUSD/s9vCv0U7-Here-s-WHY-a-DIP-and-NOT-a-DUMP-Before-Upward-Pressure-Resumes/ (https://www.tradingview.com/chart/BTCUSD/s9vCv0U7-Here-s-WHY-a-DIP-and-NOT-a-DUMP-Before-Upward-Pressure-Resumes/)

If we are talking about right now, I do not see it neither pumping or dumping, those are really huge words that should be at least 20% to 30% changes and I do not see that right now. Bitcoin price is at around 7700 right now, that means 10% change any direction should be around 770 dollars, and 20% change would be 1540 dollars, and that is the bare minimum. So, you should either have around 6k levels or over 9k levels to actually call a movement a pump or a dump.

Do you really think that there is a chance bitcoin could be around 6k or 9k any time soon? I do not see that honestly, I think it could move up or down, it always does move up or down, but I do not see it move that much up and down. And even with 20% that is the bare minimum, I would say 30% is more likely to be called that and there is no way 30% moves anywhere.

Rather than arguing about the ability of Tone, let us follow this trade to see if he is correct hehehe. Tone Vays has taken profit close on $9k on this trade that he accumulated on $5k to $6k.

https://i.ibb.co/RcqmDZk/AF7-BEAC7-5-C01-4405-BD25-288-FD48-B88-AF.png

However, former Wall Street trader Tone Vays expects this rally to run out of steam, which is why he has already sold his long position to buy another dip.

Source https://u.today/bitcoin-btc-price-reaches-9000-and-crashes-coinbase-but-tone-vays-says-its-time-to-take-profits

Both didn't go right.

It's just amazing how bitcoin could surprise us with a huge change in its price.
Now, it is at $9450 which is a long way from its last price at $7800.
Who would have predicted that?

It took out my plan to buy at a cheaper price.
But, let us see where this will go now. I bet there are a lot of bitcoin owners there who are now preparing for withdrawals.

this situation is the same as the price of bitcoin when it went down before. the price of $ 9k declined rapidly to $ 5k. Well, right now it seems like it's spinning. even like that, I'm pretty sure the price of bitcoin will still grow again. however, this is likely the effect before halving, so it's likely that when halving occurs, the price of bitcoin can be higher.

I think we just found out the answer, bitcoin is pumping now and so yes it will pump.

However, we should be ready for a possible dump also, as I was thinking it could only be cause by the upcoming halving and after the hype, things will be back to normal again, you know, that's how crypto works, its very unpredictable, get yourself used to playing a big guessing game.

Yes, currently we see the price rise and rather strong but it's yet to see if this is going to last and for how long. I think that at the moment it's too early to conclude how price will behave so I agree that dump is expected too and users need to be ready for that scenario too. This is not only very sensitive time for fiat money and economy but for the cryptocurrencies too.

Bitcoin news media appearing more confused and more oblivious than your average bitcointalk forum market analysts and predictors hehehe.



American Buyers Are Fueling Bitcoin’s Rally, Data Suggests

Source https://www.coindesk.com/american-buyers-are-fueling-bitcoins-rally-data-suggests



US Bitcoin Holders Worry About Chinese Control of the Mining Network

Source https://cointelegraph.com/news/us-bitcoin-holders-worry-about-chinese-control-of-the-mining-network