Market Gonna be volatile again! Nothing New though

[BrewMaster]

we still can not call the bitcoin market "volatile" because it is doing what it has been doing for 2 or 3 months now which is to go sideways from $9k to $10k and back again to repeat the cycle over and over.
it will only become "volatile" when it breaks $10k and goes above it, which would start by the very big FOMO brining the price suddenly up to $13k then after a short correction the big rallies begin.

[Oceat]

I'm currently waiting for some kind of event that would trigger a new trend in Bitcoin since we are already in July. I say, we'll have to wait a little longer to prove that it has something that's coming but if not then the trend will be the same just last month, Bitcoin keeping the $9k level while slowly touching either the $8k support or the $10k resistance. It's a little volatile in the past few months and might be the same also this month.

[DoublerHunter]

I'm currently waiting for some kind of event that would trigger a new trend in Bitcoin since we are already in July. I say, we'll have to wait a little longer to prove that it has something that's coming but if not then the trend will be the same just last month, Bitcoin keeping the $9k level while slowly touching either the $8k support or the $10k resistance. It's a little volatile in the past few months and might be the same also this month.

^ If you want to keep in touch in bitcoin activity and events probably you will follow this social media platform that I followed too. ( https://cointelegraph.com/tags/bitcoin. ) The most promising event that will probably bitcoin will trigger to raise up is that Paypal would like to join in a crypto game and it makes sense that bitcoin will become hot in the mainstream. Nevertheless, aside from Paypal rumored there are too many factors that bitcoin will be probably well known through the purpose of payment method on the internet.

[serjent05]

we still can not call the bitcoin market "volatile" because it is doing what it has been doing for 2 or 3 months now which is to go sideways from $9k to $10k and back again to repeat the cycle over and over.
it will only become "volatile" when it breaks $10k and goes above it, which would start by the very big FOMO brining the price suddenly up to $13k then after a short correction the big rallies begin.

Isn't volatility is the changes of price over time?  So Bitcoin price jumping price for $9k to $10k is some kind of price volatility, isn't it?

In finance, volatility (usually denoted by σ) is the degree of variation of a trading price series over time, usually measured by the standard deviation of logarithmic returns.

I'm currently waiting for some kind of event that would trigger a new trend in Bitcoin since we are already in July. I say, we'll have to wait a little longer to prove that it has something that's coming but if not then the trend will be the same just last month, Bitcoin keeping the $9k level while slowly touching either the $8k support or the $10k resistance. It's a little volatile in the past few months and might be the same also this month.

^ If you want to keep in touch in bitcoin activity and events probably you will follow this social media platform that I followed too. ( https://cointelegraph.com/tags/bitcoin. ) The most promising event that will probably bitcoin will trigger to raise up is that Paypal would like to join in a crypto game and it makes sense that bitcoin will become hot in the mainstream. Nevertheless, aside from Paypal rumored there are too many factors that bitcoin will be probably well known through the purpose of payment method on the internet.

I don't put high hope in this event (Paypal opening its door to Bitcoin transaction) we have seen series of disappointments on things we thought will boost the price of BTC but ended up has almost no effect at all.   After all this Paypal's Bitcoin acceptance thing is just another company's money grab scheme.

[STT]

Paypal might help connect two and since paypal is FIAT it might be that BTC gains from being the superior standard.   I do imagine they attempt to bias the link to benefit Paypal of course, that alone could make it a pointless gesture but at least its some kind of option which at times can be useful in a rush, etc.

Bitcoin was always more volatile then many other assets, its brand new in comparison to most sector or asset types.   Its part of the warning I try to give anyone new to be more cautious, right now the lack of movement is drawing people into a false security because I got no doubts it'll burst rapidly in some direction.

[Ridwan Fauzi]

I will be like market volatile compared to market consilidation. And yeah has been a few weeks bitcoin's price consilidating between $10.000, $9600 and $9300 and its strong support $8800. Just like that since a few weeks ago, so I'll be gretfull when the volatile market come. Yeah I hope the price can increase first to $9400 and come back to the lower price $6000 and bull run come until its price pass the privious all time high. I can collect bitcoin as much as I can when its price touch below $8800 to prepare market bull run so as I can make a lot of profit.

[LogitechMouse]

When the Halving is over, the market specifically Bitcoin went sideways just like what it did in 2016 and in 2012 when the halving is over.

I have adopted the volatility feature of Bitcoin already and I don't feel anything anymore if whatever happens to it so it is really "nothing new". It isn't as volatile as it is since we are in a sideways direction but I think lets just wait for its next move. Will it go up or down? Just be ready into whatever may happen anytime because anytime it can go back to around 8k and possibly lower or it can go up 10k and go higher.

[slapper]

It looks like the Head & Shoulder pattern. Bitcoin is currently at $9200 and it's staying there for nearly a day. I believe that it will soon be back to $9400. However, we need to be careful cause it can drop at any time. We are in the middle of a crisis and moreover, halving has occurred, and therefore, a big sell-off can happen. If you are an investor, try to buy bitcoins when it is lower than $8000. I hate to say this but if the pandemic returns, we will have to face another recession which can make bitcoin lower than $6000

[jhonjhon]

The ups and downs cycle will consistently be happening again and again. We've been having this scheme for the whole 2nd quarter, we have given the chance to surpass $10k but that just a short stay and it turns back again. This quarter is full of hopes but nothing it gives assurance for a market price spike, may it looks the same as shown last month.

This could possible to look at in the coming days.
July Bitcoin Price Report: Confidence Hits 2016 Highs Amid Halving

[shoreno]

It looks like the Head & Shoulder pattern.

yeah because of thier distance is not that long enough   and thier movements is also back and forth ( shoulder to head and back head to shoulder  )

Bitcoin is currently at $9200 and it's staying there for nearly a day. I believe that it will soon be back to $9400. However, we need to be careful cause it can drop at any time. We are in the middle of a crisis and moreover, halving has occurred, and therefore, a big sell-off can happen. If you are an investor, try to buy bitcoins when it is lower than $8000. I hate to say this but if the pandemic returns, we will have to face another recession which can make bitcoin lower than $6000

wait is it true that there is another pandemic ? what the heck , covid is only in the middle of its run but new possible dissease are going to strike again   . i think that cant cause another downfall because if we look on the situation now , covid is already a strong virus but people are making ways to continue living , so newer virus will now be easy for us to face

[exstasie]

Isn't volatility is the changes of price over time?  So Bitcoin price jumping price for $9k to $10k is some kind of price volatility, isn't it?

For BTC, that's quite a low degree of volatility. You can see average true range (ATR) and Bollinger Band width (BBW) are both extremely low, lower than February. This is "calm before the storm" type action:



The range is so tight that I stopped trading it weeks ago. The next breakout should be quite powerful. Just waiting now.....

[rodskee]

I will be like market volatile compared to market consilidation. And yeah has been a few weeks bitcoin's price consilidating between $10.000, $9600 and $9300 and its strong support $8800. Just like that since a few weeks ago, so I'll be gretfull when the volatile market come. Yeah I hope the price can increase first to $9400 and come back to the lower price $6000 and bull run come until its price pass the privious all time high. I can collect bitcoin as much as I can when its price touch below $8800 to prepare market bull run so as I can make a lot of profit.

Optimistic mindsets, using the volatility as sort of opportunities to grab more assets and store it to  a save wallet,
there's always big potentials
If you are in the process of working with your future investment, collecting from those dumped coins and make sure
to hold and wait for better value.


Needs to have a long patience to anticipate both dips and the possible time frame for the bull to happen, not an easy
task but once you make it happen
You'll be able to maximized all the opportunities to grab much bigger gains.

[Oasisman]

Sure, $9,400 is reachable till tomorrow, but looking at the current market situation, I'm afraid the highest until tomorrow might be around $9,200.

Just as I predicted, the price is hovering around the region of $9,000 - $9,300 for a week now. And I thought there's no significant events yet that will move Bitcoin in a higher figure, and It also didn't fall below the resistance level.
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I guess the market needs more bullish predictions then? To push the investors into buying more. However, Bitcoin seems heading to a direction which everyone wants to see.

The range is so tight that I stopped trading it weeks ago. The next breakout should be quite powerful. Just waiting now.....

I don't know but I do feel the same way too. I'm not good on TA's or chart analysis, but I guess it would be enough to understand how Bitcoin was moving from a daily basis. If the price reach beyond $9,700 level in July, then It's possible that we will see Bitcoin retesting the $10,000 level again.

[Cherylstar86]

When the Halving is over, the market specifically Bitcoin went sideways just like what it did in 2016 and in 2012 when the halving is over.

I have adopted the volatility feature of Bitcoin already and I don't feel anything anymore if whatever happens to it so it is really "nothing new". It isn't as volatile as it is since we are in a sideways direction but I think lets just wait for its next move. Will it go up or down? Just be ready into whatever may happen anytime because anytime it can go back to around 8k and possibly lower or it can go up 10k and go higher.

There is no concrete predictions for now, every idea was always in connection with previous trend which mainly affected several insights. Volatility of the market pulls down the recovery attempt of the entire market, that's why we need to be more cautious on that matter.

[ethereumhunter]

If the price can rise again after this down, we will back to make a profit, and if that happens many times, we will make more profit

But we need to be more careful this time because we need to analyzing more to find the time to buy and sell. I don't expect that this time, the price will go down for more because if that happens, we will see bitcoin will have a hard time to increase again.

[nelson4lov]

The overall market sentiment isn't that great at the moment; that's why the market is the way it is, dull. Bitcoin is just moving back and forth between $8800  - $9200. If this doesn't change any time soon, bitcoin might take yet another hit.  Bitcoin need to push harder because if it dumps right now, it could trigger more dumps.

wait is it true that there is another pandemic ? what the heck , covid is only in the middle of its run but new possible dissease are going to strike again   . i think that cant cause another downfall because if we look on the situation now , covid is already a strong virus but people are making ways to continue living , so newer virus will now be easy for us to face

No. What he meant was that if the pandemic got worse like it was some months bad, then it'll be bad for the crypto markets. That's why caution should be applied by anyone currently trading in uncertain times like this.

[suzanne5223]

If the price can rise again after this down, we will back to make a profit, and if that happens many times, we will make more profit

It is easier said than done because this kind of market we're currently in is the fast way of making losses and profit and my advice to inexperienced traders is to trade once in a while or use the buy low and sell high strategy.

But we need to be more careful this time because we need to analyzing more to find the time to buy and sell. I don't expect that this time, the price will go down for more because if that happens, we will see bitcoin will have a hard time to increase again.

You're right about being careful but do you think thise traders that make losses don't put that into consideration before trading? It better for a trader to understand his capacity cause there's nothing bad in skip trader for sometime.

[posi]

The overall market sentiment isn't that great at the moment; that's why the market is the way it is, dull. Bitcoin is just moving back and forth between $8800  - $9200. If this doesn't change any time soon, bitcoin might take yet another hit.  Bitcoin need to push harder because if it dumps right now, it could trigger more dumps.

The market sentiment isn't great but it normal because there's the season for everything and we shouldn't be expecting every market to be in our favor. Besides, the market that seems to be dull from your ending is the best time for making a quick profit for others.

[royalfestus]

As per the 4 year cycle of bitcoin traditions, we must need to end this halving year around the current ATH which will be confirmed if we have sustaining bullish trend in next 3 months. I mean if we enter the last quarter of 2020 with prices above $14k (new high since June 2019) then we can assume to have new ATH by the beginning of 2021.

I wish your analysis is correct I'm checking the last halving in 2016 prior to last halving in May and if history repeat itself the probability is high that $14 k to $16 k is the highest that it can get, and we can have a new all time high early next year, but I treat every halving differently because the supply right now is small compared last time.

The bear serve so much in mopping bitcoin from the market and this scarcity is meant to help the price movement,though more bitcoin is still coming from mining anyway. Those prediction with 24hours-1 week interval without any solid news on development may not be reliable. I am also a good student of history and its application in prediction but I feel somethings are changing and we might be having shorter cycle period with most bitcoin activities.

[michellee]

The bear serve so much in mopping bitcoin from the market and this scarcity is meant to help the price movement,though more bitcoin is still coming from mining anyway. Those prediction with 24hours-1 week interval without any solid news on development may not be reliable. I am also a good student of history and its application in prediction but I feel somethings are changing and we might be having shorter cycle period with most bitcoin activities.

Unfortunately, the market is now down again after it is rising before. We don't have to worry because the market will be like that, and there is always another time for us to come back to make a profit. The prediction will be a prediction, and it's not always happening, but we can prepare for the coming so we can make some strategy related to the current market that will happen later. Yes, there is something that will change, and maybe the bitcoin market will be like this for some time, and we should be careful to trade.