22 july, BTC 20k$ or 70k$?

[slaman29]

For some reason that I don't wanna believe but it does happen? the talk had effect to the market ,  the prices drops specially bitcoin who falls down below 30k and after the talk it rose up again back to 32k and now showing good to reach 33k .

hate it or not, yet it is Elon again who made the market shaken as there are no other news happens that may let the market climb back.

Exactly. Hate it or love it, the market moves in rather predictable hype cycles but that's what you get and that's what you expect if you want to play the same game in the same sea as others but equipped with a different boat.

We don't need new to let Bitcoin price climb back. We need the network to maintain and grow its strength and relevance, as it has been for the past 10 years.

[Natalim]

For some reason that I don't wanna believe but it does happen? the talk had effect to the market ,  the prices drops specially bitcoin who falls down below 30k and after the talk it rose up again back to 32k and now showing good to reach 33k .

hate it or not, yet it is Elon again who made the market shaken as there are no other news happens that may let the market climb back.

Exactly. Hate it or love it, the market moves in rather predictable hype cycles but that's what you get and that's what you expect if you want to play the same game in the same sea as others but equipped with a different boat.

We don't need new to let Bitcoin price climb back. We need the network to maintain and grow its strength and relevance, as it has been for the past 10 years.

There seems to be a little effect only, bitcoin pumped a little but it's not enough to reach break the wall, so I think we are really heading below $30k as the hype is not enough to bring bitcoin back up again. Bear market is here, what do we expect?

[ancafe]

Well, 22 of July has passed already and I think that 70k is a pipe dream for now, and I suggest that this thread should be closed already. There's no more to speculate unless the title changes to another date, which I do hope does happens.

well, not much has changed since then. although the content is quite positive for the crypto world, it doesn't seem like the meeting made any significant changes. well, the bitcoin price doesn't even exceed $40k. well, but hopefully after this there are some changes that make the price go up again.

[slaman29]

There seems to be a little effect only, bitcoin pumped a little but it's not enough to reach break the wall, so I think we are really heading below $30k as the hype is not enough to bring bitcoin back up again. Bear market is here, what do we expect?

Looks different right now though. For some reason the past 12 hours is seeing really strong moves. It's already weekend in Asia, already also in Europe and maybe just America reacting to some good news or feeling good on Friday? Or bulls and whales getting drunk, who knows?

Bear market is not here. If it is, we'd all be feeling pretty down and trader stops would all be triggering. We're fine.

[Nightz]

I can't exactly remember which company it was, but some of the predictions are ridiculous. They claimed that the bottom is around $10k and the top around $600k or something like that. I wouldn't even dare to publish such a prediction as it's useless. Well, here is my prediction: Bitcoin could go close to zero but it could also go to a million within the next five years. What's even the point of publishing information/trash like that?

Lol they are doing this so that when Bitcoin price is within that set range they can say "SEE we told you so" and then they would probably look to profit off of that correct prediction down the line. Most correct predictions are because they set a wide margin that it is unlikely that they would be wrong. It is not very often that people guess the exact price even the so called experts.

As you already said, they guess the price. It is nothing more than that but wild guessing, especially if you are trying to come up with a number for a day that is 6 months ahead. It just doesn't make sense. You may have an idea whether from here it rather goes up than down or something like that, but giving a number is almost always nonsense. Even if you knew secret good news, how do you know whether Bitcoin stops at $40k or $50k? You can't.

[Boov]

Hello BTT Users,

As You all Know That Elon Musk Has a Great Role in Current Btc Manipulation, and as tesla bot acept bitcoin btc more due to bitcoin energy issue.
Now A Big Meeting is going On 22 July 2021, Between Elon Musk and Jack Dorsey, So what can happen in this meeting? As Jack always try to do good for bitcoin sp he will Convence elon and
Tesla will again Accept Bitcoin? Btc will got o 20k$ or 70k$?
As I am Perosnally Thinking that we can't Ignore this meeting,
what you people can think? Share Your views

Of course we can't just ignore this one, and as Tesla said about bitcoin acceptance for second time I believed this brings positive effects towards every person. They would think so many times for btc price to become more valuable. What happened from the past was panic of small traders, because of exaggerating stories came from anonymous group who tried to pull down btc's economy.
Technically they kept on manipulating the market, but sadly the reality didn't coincide.

[Distinctin]

Hello BTT Users,

As You all Know That Elon Musk Has a Great Role in Current Btc Manipulation, and as tesla bot acept bitcoin btc more due to bitcoin energy issue.
Now A Big Meeting is going On 22 July 2021, Between Elon Musk and Jack Dorsey, So what can happen in this meeting? As Jack always try to do good for bitcoin sp he will Convence elon and
Tesla will again Accept Bitcoin? Btc will got o 20k$ or 70k$?
As I am Perosnally Thinking that we can't Ignore this meeting,
what you people can think? Share Your views

Of course we can't just ignore this one, and as Tesla said about bitcoin acceptance for second time I believed this brings positive effects towards every person. They would think so many times for btc price to become more valuable. What happened from the past was panic of small traders, because of exaggerating stories came from anonymous group who tried to pull down btc's economy.
Technically they kept on manipulating the market, but sadly the reality didn't coincide.

That's positive news but that hype already happens during the ball run, so I don't expect it will affect the current price. Elon can make good announcement about crypto but suddenly will change it, I don't know why people still trust this man with a bad reputation in crypto.

If one day Elon will said Tesla will accept DOGE, I think people will get crazy but let's not expect it will happen as he will not ruin Tesla's reputation by just hyping or connecting it to meme coin like DOGE.

[LUCKMCFLY]

For now the BTC market is recovering satisfactorily, I have seen many analysts who think that it can even reach $ 60k, because there is good news that has increased the confidence of investors, in any case you have to be careful when it comes to to operate, the market can give surprises of all kinds:

Bitcoin price hits $34K as trader forecasts fresh weekend resistance showdown

"Bitcoin breaks through that resistance at $32.5-$32.7K. Holding that for support = likely continuation towards $36K," he forecast in a Twitter update.

"Overall, the next resistance at $34.5K is possibly being reached during the weekend."
Such behavior would not be at all surprising given the wide trading range in which BTC/USD is currently acting — $42,000, the point of all-time highs from February, remains the range ceiling and line in the sand for a definitive bull market continuation.

Source: https://cointelegraph.com/news/bitcoin-price-hits-34k-as-trader-forecasts-fresh-weekend-resistance-showdown

I think that those bears who predicted that BTC was going to fall to $ 20k or less are starting to fade, the scenario looks much more optimistic.

[Nightz]

For now the BTC market is recovering satisfactorily, I have seen many analysts who think that it can even reach $ 60k, because there is good news that has increased the confidence of investors, in any case you have to be careful when it comes to to operate, the market can give surprises of all kinds:

Bitcoin price hits $34K as trader forecasts fresh weekend resistance showdown

"Bitcoin breaks through that resistance at $32.5-$32.7K. Holding that for support = likely continuation towards $36K," he forecast in a Twitter update.

"Overall, the next resistance at $34.5K is possibly being reached during the weekend."
Such behavior would not be at all surprising given the wide trading range in which BTC/USD is currently acting — $42,000, the point of all-time highs from February, remains the range ceiling and line in the sand for a definitive bull market continuation.

Source: https://cointelegraph.com/news/bitcoin-price-hits-34k-as-trader-forecasts-fresh-weekend-resistance-showdown

I think that those bears who predicted that BTC was going to fall to $ 20k or less are starting to fade, the scenario looks much more optimistic.

It does look much more optimistic, but that is the technical analysis only. I have been around for a while and while I don't have a problem with technical analysis, it ultimately doesn't do much when events like China banning mining operations come into play. You can have all sorts of TA indicators, but Bitcoin remains an asset of high political and social relevance, hence is influenced by events from so many domains.

[Natalim]

It does look much more optimistic, but that is the technical analysis only. I have been around for a while and while I don't have a problem with technical analysis, it ultimately doesn't do much when events like China banning mining operations come into play. You can have all sorts of TA indicators, but Bitcoin remains an asset of high political and social relevance, hence is influenced by events from so many domains.

Agree with you, news has more impact on the market as people can speculate and the price will move, hence, it makes a TA useless as it's based on trends. When the news came out that China is banning bitcoin, that resulted in a huge dump and a TA does not see that coming. Also, if we believe on market manipulation like what Elon did, then we should just study how it will affect the market and put that TA aside for a while.

[slaman29]

For now the BTC market is recovering satisfactorily, I have seen many analysts who think that it can even reach $ 60k, because there is good news that has increased the confidence of investors, in any case you have to be careful when it comes to to operate, the market can give surprises of all kinds:

Bitcoin price hits $34K as trader forecasts fresh weekend resistance showdown
~~~~~~~~~~~~~~~~~~~~
I think that those bears who predicted that BTC was going to fall to $ 20k or less are starting to fade, the scenario looks much more optimistic.

Good news for the bulls if the bears have faded, and I do believe this is what happened. Said somewhere else in another thread that we saw critical support being broken many times (30k) but each time the bounce has been strong and this weakened the bears every time, I think they don't have much gas left in their tanks, they will now focus on not allowing BTC to go past 40k.

[Nightz]

It does look much more optimistic, but that is the technical analysis only. I have been around for a while and while I don't have a problem with technical analysis, it ultimately doesn't do much when events like China banning mining operations come into play. You can have all sorts of TA indicators, but Bitcoin remains an asset of high political and social relevance, hence is influenced by events from so many domains.

Agree with you, news has more impact on the market as people can speculate and the price will move, hence, it makes a TA useless as it's based on trends. When the news came out that China is banning bitcoin, that resulted in a huge dump and a TA does not see that coming. Also, if we believe on market manipulation like what Elon did, then we should just study how it will affect the market and put that TA aside for a while.

And here we are, but luckily the other way around: we made a big jump because Amazon rumors leaked. No technical analysis guru can now claim to have predicted this price jump because it has nothing to do with any typical movement line they can draw on their fancy software. Just a rumor about Amazon and we have a price jump. What is technical analysis really worth?

[elisabetheva]

It does look much more optimistic, but that is the technical analysis only. I have been around for a while and while I don't have a problem with technical analysis, it ultimately doesn't do much when events like China banning mining operations come into play. You can have all sorts of TA indicators, but Bitcoin remains an asset of high political and social relevance, hence is influenced by events from so many domains.

Agree with you, news has more impact on the market as people can speculate and the price will move, hence, it makes a TA useless as it's based on trends. When the news came out that China is banning bitcoin, that resulted in a huge dump and a TA does not see that coming. Also, if we believe on market manipulation like what Elon did, then we should just study how it will affect the market and put that TA aside for a while.

bitcoin moves because investors and institutions trade, they will be affected by the news that always comes through social media about bitcoin, be it bad news or good news. all are always associated with the news so that the biggest influence still comes from the news.
The bad news last time about the ban in china and the @elonmusk news, clearly seems to affect the very deep correction of bitcoin. how much the news can influence traders to believe that something will happen for good or bad just depends on the news.

hopefully the good news that starts to emerge will also affect the growth of bitcoin, we have seen the good news and it will continue to arise and hopefully traders respond well and we will see an increase in bitcoin.

[tygeade]

As we can see none of this happened, not 20k and not 70k just like I imagined. Stop giving these famous people so much power, they are not capable of making bitcoin move as much as you imagine it will, and that is why I honestly think that we should not be focusing on bitcoin making a profit based on what Elon says, but more about what we think about bitcoin, if you actually give enough power to yourself you will realize that a thousand people who want bitcoin to go up could make a lot bigger statement about it then what Elon can do, few thousand can change the price bigger than him and couple tens of thousands? They will have a chance to create a big bull run like we had last year.

It is not about giving the power to one person, it is about giving the power equally to as many people as possible so that we could collectively get rich together.