Settled at ~$6400 for now?

[CryptoHaris]

Goldman Sachs.

CBOE proposal.

BlackRock ETF.

Rolls Royce Dealership accepting Bitcoins.

September has and will be seeing a lot.

I can feel the heat. The bulls are coming. Something is gonna happen before December for sure.

Be strong.

[1715445998]

1715445998

[1715445998]

1715445998

[1715445998]

1715445998

[franky1]

ignoring the highs. if you concentrate on the lows. and see where the lowest price of 3-6-10-12 month
you will see that bitcoin has always been on an upward movement

2016:  >$300
2017:  >$900
2018:  >$5,800

people need to realise the bull-bear switch over is not something that happens hourly or daily.
bull and bear are the longer term directions.

maybe what the financial buzzworders should use is
short term up = Calve (young bull)
short term down = Cub (young bear)

bitcoin has been bull but does get occassional calve and cub events

[hadibeabi]

Yes be strong. Bull is very coming, soon we will all reach the numbers we want. Do not forget, those who are patient will always dig.
But panic and sellers lose.

[pawanjain]

ignoring the highs. if you concentrate on the lows. and see where the lowest price of 3-6-10-12 month
you will see that bitcoin has always been on an upward movement

2016:  >$300
2017:  >$900
2018:  >$5,800

people need to realise the bull-bear switch over is not something that happens hourly or daily.
bull and bear are the longer term directions.

maybe what the financial buzzworders should use is
short term up = Calve (young bull)
short term down = Cub (young bear)

bitcoin has been bull but does get occassional calve and cub events

True. I see that most of the people here compare the current price with the ATH. Instead of this they should be comparing it with the lowest point of the year. Changing the perspective will change the way we trade. If you look at it this way then we can realize how much bitcoin is growing  over the year.
Expecting the bull run to return soon the price of bitcoin may rise soon.

[vucuong16101997]

Goldman Sachs.

CBOE proposal.

BlackRock ETF.

Rolls Royce Dealership accepting Bitcoins.

September has and will be seeing a lot.

I can feel the heat. The bulls are coming. Something is gonna happen before December for sure.

Be strong.

Yes, things are still waiting for us in the front. From now to the end of the year will be really worth waiting for the growth

[btc_angela]

ignoring the highs. if you concentrate on the lows. and see where the lowest price of 3-6-10-12 month
you will see that bitcoin has always been on an upward movement

2016:  >$300
2017:  >$900
2018:  >$5,800

people need to realise the bull-bear switch over is not something that happens hourly or daily.
bull and bear are the longer term directions.

maybe what the financial buzzworders should use is
short term up = Calve (young bull)
short term down = Cub (young bear)

bitcoin has been bull but does get occassional calve and cub events

True. I see that most of the people here compare the current price with the ATH. Instead of this they should be comparing it with the lowest point of the year. Changing the perspective will change the way we trade. If you look at it this way then we can realize how much bitcoin is growing  over the year.
Expecting the bull run to return soon the price of bitcoin may rise soon.

Its because there are still a lot of newbies thinking that bitcoin will always go on. parabolic rise. They forgot to realised that this market is very volatile and prone to manipulation. Year-to-year bitcoin is still up ($4000->$6500) so there's nothing to complained. Regarding bull run, might be next month or next year. My point is nobody really knows, if one way to find out is just to stick in the market and see how it goes.

[CryptoHaris]

ignoring the highs. if you concentrate on the lows. and see where the lowest price of 3-6-10-12 month
you will see that bitcoin has always been on an upward movement

2016:  >$300
2017:  >$900
2018:  >$5,800

people need to realise the bull-bear switch over is not something that happens hourly or daily.
bull and bear are the longer term directions.

maybe what the financial buzzworders should use is
short term up = Calve (young bull)
short term down = Cub (young bear)

bitcoin has been bull but does get occassional calve and cub events

Yes. +1

We could get used to these terms. Would make talks precise.

[franky1]

True. I see that most of the people here compare the current price with the ATH. Instead of this they should be comparing it with the lowest point of the year. Changing the perspective will change the way we trade. If you look at it this way then we can realize how much bitcoin is growing  over the year.
Expecting the bull run to return soon the price of bitcoin may rise soon.

newbies and novices
imagine the price as the sea level vs the tip of the Alps mountain

at the tip of the alps. only 1 person at the very top took advantage of selling that the max price. just 1
where as EVERYONE can take advantage of the sea level bottom.
EVERYONE can today sell for more than the last 10month low of $5,800

yet the price has not dropped to that level since.
everyone can today take advantage and sell at over $5,801, $5802... and so on. but they are not.
so today the community combined has equally agreed that they wont sell below X which for the last few weeks has been $6k+
now while the cubs and calves play around above $6k we are still on a bull run from $5,800 because the WHOLE market has agreed on that.

ignore the 1 person who decided he wanted to buy at the peak and the 1 seller who decided to sell at the peak.
the entire community is agreeing we are in a bull market above $5,800 and have cubs and calves playing around the $6-$8k area

again using geography analogy
no one measures a sea level by the last tsunami's height. they measure it by the common agreement of what is the normal tide

cubs/calves are the low tide high tide that moves daily, seasonally
bull/bear are the sea level. the long term average of long term period

while typing this. the OP got proved wrong. the price is $6200. so the cubs and calves have still not agreed to play on a $6400 hill top. the cub chased the calve down the hill.
but the bulls are still above $5,800

[LeGaulois]

ignoring the highs. if you concentrate on the lows. and see where the lowest price of 3-6-10-12 month
you will see that bitcoin has always been on an upward movement

2016:  >$300
2017:  >$900
2018:  >$5,800

people need to realise the bull-bear switch over is not something that happens hourly or daily.
bull and bear are the longer term directions.

maybe what the financial buzzworders should use is
short term up = Calve (young bull)
short term down = Cub (young bear)

bitcoin has been bull but does get occassional calve and cub events

People can't see longer than a few weeks or months. They always compare the Bitcoin's price with yesterday, last week or last months at the best.
Or they are young bitcoiner and not looking back to bitcoin's value history. You won't find any users old from 2 or 3 years complaining or dreaming about the price.
The price is growing over the years, as you point out. And everyone can see it, but some refuse to do so.

[socks435]

Yearly is a good way to check if the price of bitcoin increase or not but this time I think we will stay around $6k to $7k this is just my speculation but since bitcoin is unpredictable bitcoin price can be increase more than what I expect.
Remember what happened on 2014-2015 if where the price reach $900 plus then the price is slowly falling and become stable until the price increased until 2016.
So, I feel that it could happen again this year and next year will be the year of bullish market.

[pooya87]

Yearly is a good way to check if the price of bitcoin increase or not but this time I think we will stay around $6k to $7k this is just my speculation but since bitcoin is unpredictable bitcoin price can be increase more than what I expect.

i still think there is a fear in the market about ETF rejection which is weird but it exists and it is making people want to wait. additionally this feels very much like 2015 the more we go on, as price hit the $200 bottom and people were giving up on bitcoin and going away with most people thinking bitcoin is dead just because it is not rising up fast anymore. but behind the curtains it was being accumulated by the "wise money" while being at the bottom.

[holzer]

Yearly is a good way to check if the price of bitcoin increase or not but this time I think we will stay around $6k to $7k this is just my speculation but since bitcoin is unpredictable bitcoin price can be increase more than what I expect.

i still think there is a fear in the market about ETF rejection which is weird but it exists and it is making people want to wait. additionally this feels very much like 2015 the more we go on, as price hit the $200 bottom and people were giving up on bitcoin and going away with most people thinking bitcoin is dead just because it is not rising up fast anymore. but behind the curtains it was being accumulated by the "wise money" while being at the bottom.

I think that's already priced in.

[Pursuer]

Yearly is a good way to check if the price of bitcoin increase or not but this time I think we will stay around $6k to $7k this is just my speculation but since bitcoin is unpredictable bitcoin price can be increase more than what I expect.

i still think there is a fear in the market about ETF rejection which is weird but it exists and it is making people want to wait. additionally this feels very much like 2015 the more we go on, as price hit the $200 bottom and people were giving up on bitcoin and going away with most people thinking bitcoin is dead just because it is not rising up fast anymore. but behind the curtains it was being accumulated by the "wise money" while being at the bottom.

I think that's already priced in.

it is but it still is keeping investors away from coming back. for example if you look at the volume and the way bitcoin price is moving you can see it is not natural anymore. the volume is low and the rise and falls are stuck in a certain state that it rises slowly to the top of it and then is dumped into to suddenly crash down as if someone is taking profit in short term pushing the price to the initial level (bottom) to rinse and repeat and increase their wealth.

[hase0278]

I think that's already priced in.

It is not already priced in IMO. I believe that it will be priced in ones we hear the news about ETF rejection or approval again. Either way, I think this BlackRock ETF have a bigger chance of acceptance in SEC because of it will track multiple cryptocurrencies that are currently listed in Coinbase's wallet.

And everyone can see it, but some refuse to do so.

Well, some newbies don't because they didn't care to research bitcoin's price history at all.

[bitcoinisbest]

For me it is a good time to enter the market and buy your stake again like lat time when it had e=reached 6k got some and sold it on profits. This is why you are said that buy on dips so that you can exits on profits else it will be other way around.

[1Referee]

Either way, I think this BlackRock ETF have a bigger chance of acceptance in SEC because of it will track multiple cryptocurrencies that are currently listed in Coinbase's wallet.

The SEC won't approve any ETF's, regardless of how secure/trusted/safe it is for investors. If you look at the underlying reason for that, which is that the entire crypto market is driven by Asian demand, there is no way that we'll see anything change for the better in that regard. The SEC basically wants highly regulated exchanges within the US to be the main market makers, and that's near impossible, at least in the short to mid term.

What people tend to forget is that Coinbase has already a coin backed product (Coinbase Index Fund) available for institutions to invest in, but they aren't biting (yet). It has a pretty steep entry point of $250,000 but that shouldn't be used as an excuse as to why this product isn't generating more institutional interest. Perhaps that during the next leg up we'll see it gain more popularity, but till that time, there is not much demand.

[zazarb]

For me it is a good time to enter the market and buy your stake again like lat time when it had e=reached 6k got some and sold it on profits. This is why you are said that buy on dips so that you can exits on profits else it will be other way around.

Yes, I agree with you, this is perfect time to invest in Bitcoin again for profit. The market is currently stable around 6k-6.5k dollars, with the signs of a rise in price. And personaly I do not believe that the price could falls sharply down, I think it is the bottom.

[bitbunnny]

Currently price is lower than 6400$ but this can change in no time.
Anyway, so far my expectstions were right and besides some smaller short term pumps, price hasn't changed or go up much it stayed in the framework between 6000$ and 7000$, more or less.
In the upcoming period I don't think that price will rise much but not even go down except some minor corrections. Some more significant growth could be expected at the end of the year.

[Jating]

Currently price is lower than 6400$ but this can change in no time.
Anyway, so far my expectstions were right and besides some smaller short term pumps, price hasn't changed or go up much it stayed in the framework between 6000$ and 7000$, more or less.
In the upcoming period I don't think that price will rise much but not even go down except some minor corrections. Some more significant growth could be expected at the end of the year.

Yea, probably the price would go around the $6K-$7K, more or less. Right not its around $6200 the same price we have last month so it means that we might see the price trading sideways again which for me is a good thing because its neither bearish/bullish unless some events again will trigger the price to go either direction.

I'm not really sure about any significant growth. Most probably the cycle will just repeats itself, minor pump, then a suddenly dump that will wipe out what we have gain and then trading sideways. Would be happy to see $8K-$9K, if the market will react positively.

[ricardobs]

It definitely won't "settle" at $6400, first of all it dropped even further than that already but it will also go up, this is bitcoin we are talking about the price never settles for too long, it definitely doesn't move %10 hourly all the time but it just stays there for couple days than move.

When just a week ago the price was 7.200 dollars did we thought the price "settled" no because we knew that the price would eventually move to a direction, we just didn't know which direction. Same applies here, the price is low right now but I am sure it won't stay like this for a long time and it will move to a direction that will change soon.