Bitcoin Future is still bullish.

[MusaMohamed]

The Week On-Chain (Week 4, 2021) from Glassnode.
Adjusted SOPR: unlikely to fall to lower levels.
Net Unrealized profit/loss: does not top yet.
Bitcoin changing hands: good impulse rate.
BTC whales (>= 1k BTC): rapid increase.

The article gives me idea that the correction of BTC is to help it rising more. The article can be used for investors who don't care much about short volatility of the market, not traders.

[Fundamentals Of]

Of course it still is despite the massive correction but this changing of hands of Bitcoin is more detrimental to retail owners. It seems the big players which used to be outside the Bitcoin sphere are now getting into the game with their hands full of money and now they are snatching the Bitcoins from those who are willing to be carried away by corrections such as what is happening right now. In the long run, I am foreseeing the same fiat players getting the upper hand in the Bitcoin world.

[Qcrypto]

I don't think this is it for Bitcoin. We have yet to see the real pump.
Very bullish for the entirety of 2021. Even with this correction, and slight price stagnation, Bitcoin is primed to explode

This pattern happened through entire 2020 if you look at it.

Pump -> Correction -> Stagnation -> Pump

[death69]

Indeed, the bull is still the master of the trend. This pullback is just a correction for the further move. Bitcoin needs to rest before increasing its speed to hit $50000. Moreover, we have a whole 2021 to see how awesome bitcoin will run

Right now, be patient and hold your bitcoin as many as you can

[zanezane]

I am absolutely sure of it. Despite the fact that the price has fallen again, it will also rise very soon.

The market prices have gone this far and I think that the only way for the bitcoin market is up. The down in the prices as I much as I want to believe is just a hiccup but we have to be realistic, the run is slowing down and individual investors and old coiners have been selling their coins for a big profit and nothing we can do about that, the institutional investors are slowing this month and I think that it will be a detrimental factor for the rapid rise of the bitcoin market. Maybe if a certain price point is broken, we might feel a little smooth sail along the way.

[Upgrade00]

I am foreseeing the same fiat players getting the upper hand in the Bitcoin world.

I don't really consider this to be bad for Bitcoin or retail investors, if they choose to sell, then they would have as easily sold to anyone else if there was no institutional interest.

Also, if you're flipping fiat for Bitcoin then maybe you are not such a fiat player after all, and it would be an unprofitable plan to try affecting the value of Bitcoin by buying and holding, in an attempt to control the market.
Retail and institutional investments indicates demand and one should not be prioritized over the other.

[Fesatmas]

bitcoin will not fall too drastically, despite the correction, it will continue to be bullish. Indeed, the current correction seems to make us uncertain about its continuing downward movement, slightly up and correction over the first. but I believe this year we will be faced with an unexpected surprise from bitcoin. there will be a reversal of the charts that we may not know at this point. Big investors started trading and trading volume will stabilize again.

[skpanchal]

Yes definitely bitcoin future is very bright and etherum and dot also i think etherum use case are better then Bitcoin

[kentrolla]

BTC is behind 32k and it is struggling to seek support for further movement however investors secured more profit this time as of now the volatility has been cool and we can experience this from the price of BTC.

Professional traders are looking to dominate long-term futures as whales are dumping the price of BTC on the other side, so I would suggest short-term players to invest sensitively and don't do aggressive trades. More corrections are yet to come so plan accordingly.

[Lordhermes]

Absolutely the corrections on Bitcoin move definitely will happen for a very short time after which the bullish sign will continue to spark up in this year 2021 while the support point of $32k remains at constant.

I strongly believes in the meantime that Bitcoin price would be affected by an institutional influence in the near future, it just matters time while holding your portfolio.

[BrewMaster]

This pattern happened through entire 2020 if you look at it.
Pump -> Correction -> Stagnation -> Pump

not just 2020 but also 2019, 2017, 2016, part of 2015, 2013, 2012 and more. and the stages are more like this:
Rise -> Pump Big Rise -> Correction -> Panic Sell -> Stagnation Accumulation -> Rise -> FOMO -> BIG JUMP

[MusaMohamed]

not just 2020 but also 2019, 2017, 2016, part of 2015, 2013, 2012 and more. and the stages are more like this:
Rise -> Pump Big Rise -> Correction -> Panic Sell -> Stagnation Accumulation -> Rise -> FOMO -> BIG JUMP

If the total bitcoin whales bought and prepared their bitcoin >=1k for Big Jump, best thing yet to come. I am bullish.

It is out of my curiosity that as whales, how long they will have to finish their jumps. A few days, weeks or months? It is necessary for tiny fish like me to follow whales' waves. I do not think 1k-bitcoin whales will hold their bitcoin and wait for the next halving in 2024.

[TheGreatPython]

bitcoin will not fall too drastically, despite the correction, it will continue to be bullish. Indeed, the current correction seems to make us uncertain about its continuing downward movement, slightly up and correction over the first. but I believe this year we will be faced with an unexpected surprise from bitcoin. there will be a reversal of the charts that we may not know at this point. Big investors started trading and trading volume will stabilize again.

Yeah, seriously, I don’t know why a lot of them are acting like the price shouldn’t have gone down. It’s very annoying how some adults would act as kids, you know this is an asset and the price wouldn’t remain the same all the time, it can fall at anytime the same way that it increases or is it that these people don’t even know anything about bitcoin and they haven’t done any research?

I met someone today saying that Bitcoin is trash because the price dropped lol, this shows that a lot of people are just so greedy and only appreciates Bitcoin when the price is increasing only but over the times, I guess such people will find their own mistake and will regret for hot opting to hold bitcoins for their entire life.

[3meek]

Just think about the fact that there are only 21 million bitcoins, and there are a lot more people in the world than bitcoins! So in the long run it will be worth more than it is now! Bitcoin cannot be printed like fiat money...In the long run, all bitcoin holders will end up with big profits!

[btcsmlcmnr]

Just think about the fact that there are only 21 million bitcoins, and there are a lot more people in the world than bitcoins! So in the long run it will be worth more than it is now! Bitcoin cannot be printed like fiat money...In the long run, all bitcoin holders will end up with big profits!

It is the very old saying and is used many times to pump Bitcoin.

Supply and demand, I agree there is a law and it affects bitcoin price. Should know there are supporters and protesters of bitcoin. Not all people over the Earth will buy bitcoin and I don't imagine a day when all people on the planet will have demand to buy bitcoin.

Bitcoin supply makes it scarce and help bitcoin to get its high price. Halving after every 4 years help to increase bitcoin awareness and adoption. Governments and their bans, restrictions help bitcoin become more popular on media.

Bitcoin will rise but not because all people on Earth will buy it.

[blockman]

The article gives me idea that the correction of BTC is to help it rising more.

This has been always the case when we get a correction. It's an adjustment for bitcoin to retrace and get back stronger after that dip. But no one knows when it will come but get an idea if it's about to come when it rises too much. That's how bitcoin balances itself.

Yes definitely bitcoin future is very bright and etherum and dot also i think etherum use case are better then Bitcoin

The use case of Ethereum is different from bitcoin. Ethereum is for projects while bitcoin is for real use as money and investment although in the category as an investment, they're the same.

[posi]

The article gives me idea that the correction of BTC is to help it rising more. The article can be used for investors who don't care much about short volatility of the market, not traders.

The article writer is right but it is a normal scenario every cryptocurrency investors/traders ought to have understood before now (except the newbies) that market correction only strengthens the market and prepared it for the upcoming bullish market but I am surprised that the majority of investors/traders only complain about the market price whenever it correction session.

[NotJunk2346]

This is just a small hickup I believe. The bulls will get it to 100k in no time is what I believe. Not a financial advice

[Iron Fist]

Yes, Bitcoin future is still bullish. But if it drops over 30%, then I may change my tune.

While the Bitcoin price has seen several volatile fluctuations over the past few weeks, the most prominent members of the community believes that this isn't much of a concern.

[masterzino]

In the long run, Bitcoin price will go up for sure. More people 'want in', others are losing coins, thus creating immense scarcity and many other factors are pushing the price up.

But nobody knows what will be the short-term situation.