Analysis of the mid-term for Bitcoin price

[BitHodler]

Maybe I'm wrong and they are just talking futures, likely some of them are, some will directly invest in bitcoin later, and some are not talking about futures but are talking about direct bitcoin.

In most cases institutions and other similar movers don't care about Bitcoin itself, and for that reason likely won't bother unless they are actually setting up a crypto based portfolio fund.

Exposure is all they care about, and futures are perfect tools for that. Future volumes are breaking records, which says enough, so the more that process gains traction, the more importance these futures will gain.

I wouldn't be surprised if these futures at some point will form an important indicator of this market. Institutions dominate almost every market, and I don't think Bitcoin will be an exception here.

It's always those with the deepest pockets control the market.

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[Bardman]

What I clearly see is a tightening pattern on the weekly charts and when it breaks it's going to indicate pretty much where bitcoin is headed for the rest of the year, we are getting close to a break, 1-2 months and we will probably see a break and considering the good news and rumors around bitcoin I would say a bull break is more likely.

[Bagaji]

As the trend of an upward movement of bitcoin value has began so shall the momentum continue on till bitcoin value reach $13,000 to $15,000 before end of June, 2018. And I don't see the current as been control by those with deepest pockets controlling the market at the moment but the general forces of demand and supply.

[thecodebear]

Maybe I'm wrong and they are just talking futures, likely some of them are, some will directly invest in bitcoin later, and some are not talking about futures but are talking about direct bitcoin.

In most cases institutions and other similar movers don't care about Bitcoin itself, and for that reason likely won't bother unless they are actually setting up a crypto based portfolio fund.

Exposure is all they care about, and futures are perfect tools for that. Future volumes are breaking records, which says enough, so the more that process gains traction, the more importance these futures will gain.

I wouldn't be surprised if these futures at some point will form an important indicator of this market. Institutions dominate almost every market, and I don't think Bitcoin will be an exception here.

It's always those with the deepest pockets control the market.

Perhaps you are right I did read today that I think it was goldman sachs or someone is gonna get in on futures, and only later will they consider getting in on actual bitcoin. Seems weird to me, but I guess thats Wall St for you.

Are you sure the futures volumes have been breaking records? All I've ever heard about bitcoin futures is that it ended up being kind of a dud and there wasn't that much interest and volume.

[Wind_FURY]

But what they are really buying are Bitcoin Futures, not Bitcoin. That means no new "institutional investors' money" is going in the market.

I wasn't talking about futures, I'm talking about actual Bitcoin. At least thats what I assume they are talking about when they are saying they're getting into Bitcoin soon.

You assumed that they are going into Bitcoin. Ok. Then of course it is easy to "assume" that Bitcoin will become a serious investment. But until the assumptions turn into reality we have nothing to talk about.

Maybe I'm wrong and they are just talking futures, likely some of them are, some will directly invest in bitcoin later, and some are not talking about futures but are talking about direct bitcoin.

They are talking about futures for now.

[KorakPawon]

The dollar's weakness comes to be spent on another day, allowing BTC / USD to take profits. As for bitcoin prices alone, Bull seems to retain this main support zone well, but traders still survive for strong catalysts that can support the climb. It does not help that the more reports about crypto crash circulating the longer the selloff continues, making more sellers.

[slaman29]

I'm with you on your last point, and I had already felt that myself in January when the nosediving began. The correction was long overdue, and in fact should have lasted a lot longer and beared down a lot heavier than what actually transpired. For me this would have been necessary for Bitcoin to fully get into gear for establishing a bull run in 2019, but looking at how it's managed to not to do that, and is now approaching 10k yet again, I think this makes a strong case for a consolidation period that will last two years, 2020 and the next halving is a solid estimate for the end of that period.

[thecodebear]

I'm with you on your last point, and I had already felt that myself in January when the nosediving began. The correction was long overdue, and in fact should have lasted a lot longer and beared down a lot heavier than what actually transpired. For me this would have been necessary for Bitcoin to fully get into gear for establishing a bull run in 2019, but looking at how it's managed to not to do that, and is now approaching 10k yet again, I think this makes a strong case for a consolidation period that will last two years, 2020 and the next halving is a solid estimate for the end of that period.

You think the crash should have been a lot deeper? It crashed over 70%! Granted I know it crashed like 90-something percent back like 7 years ago but now that the wider public knows about Bitcoin it is never going to crash that low again. 70+% is absolutely as deep a crash as it will go. Also due to the fact that Bitcoin is at least known by a wide audience now it's consolidation periods will probably be shorter now. Before it wasn't taken seriously so when it crashed down there weren't plenty of investors or members of the public who knew to get in on the great deal. Now that it is much more widely known who in their right mind that has money wouldn't be jumping on a 50%+ sale of something that with the growth rate of Bitcoin?!

More people knowing about it means more money ready to jump at a fantastic deal once a crash bottoms out so yeah very likely Bitcoin's consolidation periods after crashes aren't gonna take a very long time. Probably at most the 2011-2013 consolidation that was about 14 months, and maybe as short as the 2013 consolidation that only took around 6 months. If that is the range for this consolidation period then Bitcoin should be back to around $20k and ready to start pumping by somewhere between October and May. And yeah basically my #1 prediction was the pump starts in the short end of that range and my #2/#3 were the long end of that range.

It is extremely hard to imagine people sitting on the sidelines of an investment like bitcoin for very long. The investor class knows Bitcoin is gonna skyrocket at some point now that they are all aware of Bitcoin after its great 2017. The smart ones will be getting into Bitcoin in the next few months, the really smart ones already did and helped Bitcoin bounce strongly off the market bottom already.