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bytebulls (OP)
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May 29, 2020, 03:33:17 AM
Last edit: November 22, 2022, 10:51:29 AM by bytebulls
 #1

0
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May 29, 2020, 03:49:35 AM
 #2

So what's next for Bitcoin? How do you think?

The same thing I would answer 3 years ago if someone asked my "what's next for Bitcoin". Continued volatility, short term price unpredictability, increasing long-term adoption, and continued development. Short term price movements are just noise.

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May 29, 2020, 04:25:44 AM
 #3

I think bitcoin is still the same because it is volatile from the previous years we saw that bitcoin does not have a good market value and by the time it goes by it is increasing and getting a good market profit on it. Today the market price of the coin is going back and increase again up to the 10k market price because it falls at the end of the April and today with the month of May it gives a huge comeback on it which is a sign to beat the market resistance over 10k dollars and expecting to beat the resistance. Still, it is better to make aware because the market is volatile no one is safe on this kind of market one of the best things to do is monitor the market price.

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May 29, 2020, 04:39:21 AM
 #4

The only major impact that can happen to bitcoin is gaining more popularity as the time is passing. I bet if we had no global emergency right now then most of the people would have been into crypto this year.

With completion of decade last year people now know bitcoin is that liquid asset which can profit them in many ways and also could be second most famous reserve after Gold. For now we are more or less in dormant stage and as soon as people will be out of danger they will think of solid survival, meaning resetting their economic situation and then bitcoin would be the ray of light to invest in.

It’s even becoming better because it just passed its halving, correcting its value to proper cap and by the time everybody back in investment it will be steady asset.

The bitcoin is gonna see best days of it, the way it has done always.
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May 29, 2020, 05:16:24 AM
 #5

More adoption and development for Bitcoin. What do you expect to be honest? Are you waiting for Satoshi Nakamoto to announce something? You should scratch that because that will never happen. Bitcoin shines because of its technical features. It's not all about price. As long as people are finding Bitcoin useful, then that is where Bitcoin really shines.
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May 29, 2020, 05:19:42 AM
 #6

Bitcoin (BTC) price continues to inch closer to $10,000, rallying 5.68% to reach $9,600 on May 28.

The Crypto Fear and Greed Index shows that within the last two weeks traders’ sentiment has shifted from ‘fear’ to ‘neutral’.

The daily chart shows that Bitcoin price has pushed above the lower trendline of the former ascending channel and the price is meeting some resistance at the VPVR high volume node at $9,675.

So what's next for Bitcoin? How do you think?

Quote
Fear only lies on those People that don't want to invest for long time ,Because there are so many hindrance
 in this market and interference of Whales which always brings the bad
 character in this crypto market.



But for my personal opinion,this growth is just a part of another temporary hype and nothing is coming to
 reality of bullying .maybe what we need to learn now is how to
 go with the flow as the trend will surely in this kind until the last quarter because there are some news that
the Vaccine for the corona virus will be started and if this make
 a good way for the economy to increase again?then the crypto market will follow and we
will see another great flow again.

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May 29, 2020, 01:01:33 PM
 #7

~~~
Fear only lies on those People that don't want to invest for long time ,Because there are so many hindrance
 in this market and interference of Whales which always brings the bad
 character in this crypto market.
The panic continues to exist from themselves so that the old investment will not be strong because they do not want to happen again bad things like in 2018 because bitcoin fell more to the bottom.

In the market there must be manipulation, especially in crypto called whales that can control the market so many are reluctant to stay longer in crypto because of the fear they feel to date.

Crypto market liquidity is quite high but still they do not want that character to happen again.

R


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May 29, 2020, 03:30:57 PM
 #8

What's next? we can speculate what we want to say like, it will keep the sentiment and stay to the stable prices that it has for the past few weeks. Volatile as it is and will remain to be like that but there's this speculation that I've read.

Whenever bitcoin reaches a new all time high, the volatility will become lower and price will become more stable. I just heard it somewhere and that's how some think of what's next for bitcoin. Needless to say, bitcoin won't change as a decentralized crypto and adoption is growing which is favorable for everyone.

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May 29, 2020, 05:20:02 PM
 #9

the continuation of bitcoin is still a mystery, some experts say that Bitcoin will reach $ 100,000 in the next few years,
but in my opinion it still takes time for that to be achieved

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May 29, 2020, 09:13:56 PM
Last edit: May 29, 2020, 09:36:36 PM by Gozie51
 #10

Bitcoin will keep growing against the bubble talk that is going around. Bitcoin has gone ahead critism enough to pull it down but it hasn't gone down. It is going to be here as more hodlers and investors acquire it.

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May 29, 2020, 10:22:40 PM
 #11


So what's next for Bitcoin? How do you think?

No one knows and the market would really be always like that since we are on a very unpredictable market.We can see some neutral-bullish sentiments as of now but anytime it can turn out the events and would possibly have some price crash which majority doesnt even know on whats the actual reason.We do always rely on technical aspects after all these years which is better than have no analysis at all but doesnt mean these sentiments could give out 100% precision.We do see on how wavy this market is thats why i wont really make or say any words on what would be the next move and im just going with the flow on how the market moves.

R


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May 29, 2020, 11:46:44 PM
 #12

These small price movements, does it really matter?
I mean, the market sentiments could shift from good to bad and vice versa, thus giving us hints to speculate on which way Bitcoin goes in the next few hours, days, months, and years. But, in reality, this still remains speculation. What really matters is the adoption for Bitcoin to continue to grow as well as the price value in the long run.
Then I can say, the next thing for Bitcoin is going to be overwhelming.

R


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May 29, 2020, 11:57:06 PM
Last edit: June 12, 2023, 03:10:08 AM by STT
 #13




Very general trend line I'd like to see break before calling this current move bearish especially.  We could get a good pullback to 200 day average or even this weekly average, a proper move.  But recently its just been in a loop not doing much, both sellers and buyers finding an amicable agreement in prices around here.
  The recent lows are about the yearly average, if we could trade below that pricing for 4 hours or a day even then we can progress into more shifting medium term picture.  Upwards of course theres the old volume from the last year, slow and steady might get through that.

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May 30, 2020, 07:08:21 AM
 #14

For ordinary people who own bitcoin wants to see bitcoin price increase higher after the price is down, that is for sure Grin

And that will be the same as what the traders want. They will like to see bitcoin price go up and down many times so they can make a profit from the gap in the price. And now, the price gets a green candle for a moment which can give a chance to the price to increase and break $9,500 even though we don't know if the price can break another high price or not.

But for people who use bitcoin for a long term investment, they will not bother for what next for bitcoin because they don't have a plan to sell the bitcoin in a short time.

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May 30, 2020, 09:02:35 AM
 #15

Bitcoin (BTC) price continues to inch closer to $10,000, rallying 5.68% to reach $9,600 on May 28.

The Crypto Fear and Greed Index shows that within the last two weeks traders’ sentiment has shifted from ‘fear’ to ‘neutral’.

The daily chart shows that Bitcoin price has pushed above the lower trendline of the former ascending channel and the price is meeting some resistance at the VPVR high volume node at $9,675.

So what's next for Bitcoin? How do you think?

Quote
Fropm Fear to neutral so maybe we will expect the next is "Better'/ and investors will start purchasing again.

Things will happen positively this next quarter as the virus effect is subsiding now,the market will Light again.

so what is next For Bitcoin?that is Bull Running.

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May 30, 2020, 09:13:23 AM
 #16

Bitcoin prices rebounded again at $ 9500, very good for the price of Bitcoin can return to this level,
I excpect the price of Bitcoin will increase again to $ 10000  Grin

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May 30, 2020, 11:12:19 AM
 #17

Let's start speculating about 12k or even 15K which is enough at the moment in my opinion. Since we have strong resistance level at the current price which pushes people to invest now on mid term plans.









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May 30, 2020, 12:47:37 PM
 #18

My quick advice for everyone; try to look at your higher timeframe on your chart.
It is clearly bullish for Bitcoin in midterm - longterm. One of the reasons why Bitcoin started to pump few days ago I think it is also the monthly close candle. For me, if we will close on monthly candle above $10,000, it is very good news and I am bullish for mid-term.

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May 31, 2020, 04:26:56 AM
 #19

I'm watching closely the market movements everyday but I didn't see good for bitcoin. Its price still in the sideways, ranging from $8.5k tp closely $10k.
If that we can surpass $10k barriers, I have to think for a bullish. But trying to figure out the current Bitcoin resistance, it is still low.
Now we are hoping for a change in the 3rd quarter and looking forward to the 4th quarter 6 months after halving.

this IS good for bitcoin and it shows a much healthier market when price is stable like this. it shows bitcoin is going through all different stages of correction, accumulation, rally,... since you can't just expect it to continue to go up every day, that wouldn't be a healthy market at all.

what's next is more sideways for a while until accumulation is finished and then the slower rise to probably test $10k at least twice before breaking it followed by a FOMO and the rally starting.

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May 31, 2020, 11:26:19 AM
 #20

I'm watching closely the market movements everyday but I didn't see good for bitcoin. Its price still in the sideways, ranging from $8.5k tp closely $10k.
If that we can surpass $10k barriers, I have to think for a bullish. But trying to figure out the current Bitcoin resistance, it is still low.
Now we are hoping for a change in the 3rd quarter and looking forward to the 4th quarter 6 months after halving.

this IS good for bitcoin and it shows a much healthier market when price is stable like this. it shows bitcoin is going through all different stages of correction, accumulation, rally,... since you can't just expect it to continue to go up every day, that wouldn't be a healthy market at all.

what's next is more sideways for a while until accumulation is finished and then the slower rise to probably test $10k at least twice before breaking it followed by a FOMO and the rally starting.

I don't see the signs of healthier market like you've said. Price is fluctuating all the time and slight corrections are here all the time. Although from time to time seems that price is heading slowly towards 10000$ I think that barrier will be hard to break.Maybe we'll see 10000$ at the end of the June but that will not last for long.
It's hard to envisage what's comming next for Bitcoin, it's a period where all scenarios, good and bad are possible.

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