bitcoin boom or burst ? how to analyzed?

[BlackFor3st]

at that time  still unsure whether bitcoin will boom or bust, how to analyzed the market from a different perspective ??

If you are online daily then it is not that hard to predict what will happen in the following days. Even if the market is unpredictable still you have big chances of predicting it correctly if you will just follow the market happenings like you can start checking the price from 1-2 months and also the weekly graph.

And also you need to be wise, put in your mind always that in every increase of price there should be a little setback so a decrease of prices is only natural especially if it is not that big dip. For almost 3 months of the market starting January 2020, we can say that bitcoin will boom and not burst base on the happenings.  

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[thesmallgod]

I will advise you to keep your investment safe because I have come to realize most of user post like this when they are expecting too much from the trading of crypto. Firstly, you must know the market at this moment is difficult to speculate because bitcoin has been showing resistance around $9.5+k which was hard to believe because when the BTC price started rising few weeks ago people think we already enter bull run and the price will continue to rise without understanding what caused the rise

[philipma1957]

short term trading is a difficult game.

it is skewed to exchanges favor and for  traders to lose money via fee payments made due to lots of trading.

It is hard work lots of action and just one bad streak you can lose years worth of profits.

[pragna]

at that time  still unsure whether bitcoin will boom or bust, how to analyzed the market from a different perspective ??

Actually i did not get any true indicator still now form 2016 that we easily realize the market. In year 2017 we saw many comments, analysis, indicators but nothing was actual and no actual news we got. So i think we have to keep our eyes into market and environment so that we can understand the market position.

[Assface16678]

at that time  still unsure whether bitcoin will boom or bust, how to analyzed the market from a different perspective ??

Actually i did not get any true indicator still now form 2016 that we easily realize the market. In year 2017 we saw many comments, analysis, indicators but nothing was actual and no actual news we got. So i think we have to keep our eyes into market and environment so that we can understand the market position.

I'm not an expert in analyzing every detail of the market price of the bitcoin, but I did some study and explained how the graph presentation works. Also by the use of the internet today we can now get a lot of information with the help of the search engines and even by the content of the other people it helps me a lot to make more research, ideas, studies, and also information what do I need to do and how to read the market price of the bitcoin. Before, the price of the bitcoin is fall back for over 8k dollars and now goes up for over 9.6k dollars and rises again for over 10.4k dollars that were huge. Many people got investment still because they see the potential of bitcoin to give a lot of profit. But now the price of the coin goes down again for 9.6k and becomes stable this is just only within two months there are a lot of changes within those phases, and now it is stable again like on the previous year, and this is a sign of good profit because the halving is coming within May or March that the source of the bitcoin will be limited, and the price of it will goes higher again. Those are the possible hint to identify if the bitcoin will boom or burst.

[plvbob0070]

At the end of the day you cannot predict anything , these things might help 20-40% but there is nothing you can be sure of.

Actually, you can predict anytime you want but it will remain as prediction because you don't know what will gonna be the outcome. We always tend to believe to someone's prediction and even they give us hope because they predict a higher price in the market still don't expect too much and just rely on your own analyzation. To be honest, I just follow some prediction of others but I also have own analysis about the condition of the market(just a simple analyzation) and it's always better to make our own research and analyzation about the market just make the other's prediction as your basis in your analysis.

[Debonaire217]

Considering the perspective of a trader:

Bitcoin is a volatile currency that could boom and burst depending on the market analysis of the graph that bitcoin is currently showing. It depends on different tools and such as MACD, RSI, and to determine whether bitcoin is already overbought or oversold.

With regards to the perspective of a normal bitcoin enthusiasts, they see it as volatile as well, but not considering the tools and equipment, mainly through prediction of the graph based from the news and updates.

[Oasisman]

Due to major upcoming even around May which is halving, I can say Bitcoin is boom. Besides, I don't see the possibility of Bitcoin to burst as you used it.

That's not guaranteed though. Majority of us here can say this year is gonna be very bullish because of the halving event, but only because of the price trend from the last 2 halvings in 2012 and 2016. But that doesn't mean It's going to happen again this year automatically.
The block halving doesn't have a direct correlation with Bitcoin's price, it's just that people thinks It has a good impact in the market and thus creates a hype that causes the price to skyrocket.

[bearexin]

There are people who do the job of trying to predict the future price of Bitcoin using what we call technical analysis. I don’t know how they do it, I am not into it and I don’t know how it works, but from what I have understood there are different strategies that are being used in knowing what the future price is going to be.

McAfee claimed that he used the same strategy that was used for predicting the bull run that took place in 2017 but still he wasn’t able to predict the price for 2018 and 2019, all his predictions failed and for that he called Bitcoin the worst cryptocurrency. So, it’s difficult to do, but there are people who have done it accurately.

[7788bitcoin]

Bitcoin is a volatile currency that could boom and burst depending on the market analysis of the graph that bitcoin is currently showing. It depends on different tools and such as MACD, RSI, and to determine whether bitcoin is already overbought or oversold.

How will you determine whether bitcoin is already over bought or over sold with these tools and how can you determine whether there will be a huge investment in a short period of time and manipulation by the whales or big financial investment firms. These tools will help to a certain extend and in the short period of time it will not help in any way but it can give you an assumption with a lot of data and give you an idea how the market will move in the long run.

[White Christmas]

at that time  still unsure whether bitcoin will boom or bust, how to analyzed the market from a different perspective ??

We don't know if the bitcoin will boom on the next few days or it will bump so high because those person who are currently has the knowledge on how to read the market graph are the one who can analyze what would happen to the bitcoin if it will become boom on the next few hours or not. The crypto enthusiast are saying that there is what you called the golden cross on wherenif this happens there is assurance that it will be bullish. But in different perspective I dont know what people are doing to analyze those kinds of thing.

[Sanugarid]

short term trading is a difficult game.
it is skewed to exchanges favor and for  traders to lose money via fee payments made due to lots of trading.
It is hard work lots of action and just one bad streak you can lose years worth of profits.

It is really hard to do because when you are doing short term trading, you must consider your time management if you can really check your portfolio every time so that if something changes in price, you can do what your plan is, and you can earn that fast. I can say that speculation is the only thing you can do when analyzing, no one can predict when bitcoin will boom in terms of value.

There are people who do the job of trying to predict the future price of Bitcoin using what we call technical analysis. I don’t know how they do it, I am not into it and I don’t know how it works, but from what I have understood there are different strategies that are being used in knowing what the future price is going to be.

McAfee claimed that he used the same strategy that was used for predicting the bull run that took place in 2017 but still he wasn’t able to predict the price for 2018 and 2019, all his predictions failed and for that he called Bitcoin the worst cryptocurrency. So, it’s difficult to do, but there are people who have done it accurately.

Indeed, they are only doing some speculations of what they are seeing in the market, yes they can say that maybe this year that bull run will happen because as we look at the bitcoin's price, we can see that it is really recovering from downfall. That is maybe the thing they are considering to say that kind of things regarding bitcoin's price.

at that time  still unsure whether bitcoin will boom or bust, how to analyzed the market from a different perspective ??

We don't know if the bitcoin will boom on the next few days or it will bump so high because those person who are currently has the knowledge on how to read the market graph are the one who can analyze what would happen to the bitcoin if it will become boom on the next few hours or not. The crypto enthusiast are saying that there is what you called the golden cross on wherenif this happens there is assurance that it will be bullish. But in different perspective I dont know what people are doing to analyze those kinds of thing.

The only thing we can as of now is to wait for the right time that the pump will really happen, because as of now, maybe a pump can happen anytime or maybe not. Keep on doing what you are doing and have patience, keep also supporting cryptocurrency especially projects that are coming.

[isaac_clarke22]

You can just see and analyze if it bursted or boomed. You should be aware OP that Bitcoin is unstable to its value due to how global it is. Everyone around the world could just invest at the same time leading to a possibility of the price pump, now unless you can see those then you might be able to analyze a bit but that's purely impossible.
You can't just analyze it with a naked eye and an open mind. You can just make a speculation and prediction to it, the same way as how the news articles put their headlines quite often.

[Slow death]

at that time  still unsure whether bitcoin will boom or bust, how to analyzed the market from a different perspective ??

you must think for yourself. A few months ago the price was $ 6400 and the price forecasts were the most scary and there was no optimistic forecast. But look at today:

billionaire investor tim draper quit stocks for bitcoin 6 months ago

tron ceo bitcoin to break 100k in 2025 and pull up other coins

Are exaggerated forecasts, but it shows that the people is optimistic about the future

[Reid]

There is no such thing as an accurate analysis. All of them are just a speculation or a prediction.
Always remember that, so that you will never confuse anything. Most of the new ones does.

They all think there is always an explanation for everything but there is none.
Even with the fluctuation upwards that is happening is being connected to something. War, Chinese President announcement, CoronaVirus, etc, etc.
You name it, they will try to explain it with a wide extension of fake facts. 

[Baoo]

Actually, it is pretty hard in order to analyze the market well. Now the current price of Bitcoin is under $ 9500, and I did not expect that to be honest, I thought  it went to $ 10K but unfortunately the opposite happened . So Bitcoin is unpredictable especially in this period. We can't give you an accurate information and  expectations. But in my opinion, Bitcoin will rise to $ 11K or 12K in next month, but possibly, my predection is wrong. We are all different and have our own views .

[joeperry]

You can't analyze it with just perspective, but you can analyze it through technical analysis in trading users uses different indicators such as: Trend lines, Candle stick patterns, Chart Patterns, Indicators, etc.

In this way people may predict whether bitcoin or any kinds of coin will going to crash or not. However even the professional traders are not able to predict it right, it's just a prediction that uses technical analysis and so the results vary from time to time and there's no assurance that if you do a technical analysis you will correctly predict it.

[Quidat]

You can't analyze it with just perspective, but you can analyze it through technical analysis in trading users uses different indicators such as: Trend lines, Candle stick patterns, Chart Patterns, Indicators, etc.

In this way people may predict whether bitcoin or any kinds of coin will going to crash or not. However even the professional traders are not able to predict it right, it's just a prediction that uses technical analysis and so the results vary from time to time and there's no assurance that if you do a technical analysis you will correctly predict it.

Technical analysis is just one part and we know that this thing doesnt work precisely yet it will always need up some Fundamentals for it to be triggered.
If we cant find any news or sentiments then its better to use TA's than to trade without any analysis yet it would turn out to be a pure gambling.
This had been always the question of many ever since if bitcoins price would reach up new ATHs or would simply dump to lowest low levels.

[mezzaluna]

at that time  still unsure whether bitcoin will boom or bust, how to analyzed the market from a different perspective ??

The term for this is bubble. Yes, people and other users within the Cryptocurrency thinks that bitcoin is a bubble but their perspective should change by now since Cryptocurrencies already proved themselves that they can be valuable in the world we live in. Some people turn-to Cryptocurrencies when their physical jobs were lost and because Cryptocurrency is easy to access and useful during the pandemic, a surge of users was introduced to this industry. I still think that Bitcoin will stabilize at some point then have another surge in value for who knows when.

[lepbagong]

at that time  still unsure whether bitcoin will boom or bust, how to analyzed the market from a different perspective ??

The term for this is bubble. Yes, people and other users within the Cryptocurrency thinks that bitcoin is a bubble but their perspective should change by now since Cryptocurrencies already proved themselves that they can be valuable in the world we live in. Some people turn-to Cryptocurrencies when their physical jobs were lost and because Cryptocurrency is easy to access and useful during the pandemic, a surge of users was introduced to this industry. I still think that Bitcoin will stabilize at some point then have another surge in value for who knows when.

during a pandemic it is the most doable thing, of course, always doing regular work at home and of course crypto promises to be done by everyone, but the problem is there are still many who don't understand about crypto so there are no visible changes that are still as usual before the pandemic .

bitcoin has done a really fantastic job by taking very unusual spikes, bitcoin is already short term and can quickly go up very fast and down too fast.
but now bitcoin is starting to keep moving to make changes to ATH with renewable ones. bitcoin will continue to do that until next year, we will wait for it.