Bitcoin Future is still bullish.

[BrewMaster]

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.

it is not possible to predict how long the accumulation is going to take or whether the next big rise is going to come immediately after the accumulation. they may try to manipulate the market once more before the price blows up to the moon.
it also depends on the market conditions too. no matter how big the whales are the whole market will always be bigger and they can't go in the opposite direction of it forever.

[MusaMohamed]

it is not possible to predict how long the accumulation is going to take or whether the next big rise is going to come immediately after the accumulation. they may try to manipulate the market once more before the price blows up to the moon.
it also depends on the market conditions too. no matter how big the whales are the whole market will always be bigger and they can't go in the opposite direction of it forever.

You could be right here. I understand the importance of control on private key and bitcoin fund and I totally understand why people move their bitcoin from exchanges to their non custodial wallets. It is true and wise not only for whales but also for small investors.

I am curious and still think that the importance of the exchange outflow is magnified too much. Furthermore, maybe whales use or cooperate with media to seed the outflows and lift the price. I see a good thing from this type of news, if you know about it early, you can take advantage of the rise before many others who don't know. When they know about it later, you take profit but they will buy at peaks.

[davis196]

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

The correction of BTC happened,because there wasn't enough support for a price above 40K USD,so most of the short term crypto traders decided to just sell and cash out the profits.
I price correction can't help for the further price increase.A correction simply washes away the unhealthy market behavior(FOMO,excessive greed and optimism,increasing price bubble,etc.).
It is well known that more entities are buying BTC,we don't need this chart to know that.
The Bitcoin bullish will be always bullish in the long term,but the short term future of BTC might become bearish,which is perfectly normal.

[maculeth]

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

maybe it will be a different story if everyone sells their bitcoins, surely it will make the market fall again. currently bitcoin is in a condition that continues to rise because of the purchase of bitcoin and hold on bitcoin. but if what happens is the opposite, maybe bitcoin will come back down even though it's slowly.

[Lorence.xD]

I think so too. I think the recent decline in the price of Bitcoin is just an adjustment, and the price will continue to rise in the future.

Hopefully that will be the case, the run will be slowing down because some analysts observed that the influx of institutional investor dollars has been slowing or lacking in flow, although I believe that running out or having drought in those aspect seems to be not the case. If the prices were to jump back, and break the resistance around the 40k mark, I think we can see some good days for awhile.

[irixo10]

The drop in Bitcoin price is already seen as a price correction taking place after a huge pump, therefore it can be seen as required to enable a healthy market while causing more price increase sooner than later. Also, many people used to think Bitcoin would dump badly after a huge pump above its old ATH, but it kept going till a new ATH was achieved, and now it is correcting again; a good thing to know is that, Bitcoin future is already amazing because for it to survive till now, means a lot lies ahead. Nevertheless, in as much as many predictions are stating Bitcoin will hit $100k etc, we should also know that, this space cannot be predicted thus the need of investing in a wise way.

[oliviarobert]

Bitcoin is just starting its bull run, which is expected to continue for a whole year by the end of 2021 if it repeats its history, and this is something similar to 2017. This is the year in which we 're going to see FOMO kicking in and many individuals rushing to exchanges like coinbase, primexb, kraken to buy bitcoin just because the prices are going higher. We now also have the involvement of institutions that will further add to the fire.

[kiki8899]

Yes, I think so, there are still many people believe that the bull run will continue, and it may kit $100000

[Fundamentals Of]

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.

Yeah, I agree that one is not a priority over the other. But what I am trying to say is that this changing of hands will be detrimental to retail investors in such a way that these people, unlike the wealthy institutions, might not be able to buy back what they have sold by the time the price of Bitcoin is already very high.

When I was new in Bitcoin, I have a bigger amount in my portfolio. I sold little by little until what was left was only a small amount. Right now, i cannot anymore afford 1 Bitcoin. I can only look back and wonder how things would have been had I decided to keep them instead. For institutional investors, they can always buy back anytime because they have the money.

[Ridwan Fauzi]

I read this news yesterday https://cointelegraph.com/news/bitcoin-made-up-97-of-total-crypto-inflows-in-2021 which means there are still having many opportunities for bitcoin price up more than now. More than that, many investors just focus to collect bitcoin when the price tries to meet a correction. As you can see now on the chart, when bitcoin price fall then there will be a spike increase that will happen.

Yeah, hopefully the current situation can continue and can reach its all time high again, because if that happens maybe its price can touch $70.000 and more. Also, the current sentiment is really different from the previous bull run market, I still remember when bitcoin fall quickly at January 2018 ago after its price touched $20.000 as its all time high.

[MishaSER]

I read this news yesterday https://cointelegraph.com/news/bitcoin-made-up-97-of-total-crypto-inflows-in-2021 which means there are still having many opportunities for bitcoin price up more than now. More than that, many investors just focus to collect bitcoin when the price tries to meet a correction. As you can see now on the chart, when bitcoin price fall then there will be a spike increase that will happen.

Yeah, hopefully the current situation can continue and can reach its all time high again, because if that happens maybe its price can touch $70.000 and more. Also, the current sentiment is really different from the previous bull run market, I still remember when bitcoin fall quickly at January 2018 ago after its price touched $20.000 as its all time high.

I don't understand what this article is, but there is nothing there that confirms the growth of bitcoin, their source is the site coinshares who just wrote the numbers, where did they get them from, we must believe.

[Wawa2013]

I believe Bitcoin has a bright future, and this year Bitcoin is still in a bullish trend. So this year's Bitcoin price movement is very different from
what happened in 2017, I don't think Bitcoin will drop below the $ 20k price this year. It is likely Bitcoin could return to ATH price in the near future,
now Bitcoin only needs to cross the resistance price of $ 35k. That's why it is very fortunate in my opinion for those who bought Bitcoin when
the price dropped to $ 30k a few days ago, because based on my analysis $ 30k is the right price to buy Bitcoin.

[Asusnumbaone]

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.

Bitcoin continuously increasing and the price becames double so that many investors and many companies have interest in this cryptocurrency it is new and advance it couy be used in the future as a currency .

[rokon1234]

In my opinion this is happen for short-time holders because they are selling bitcoin for some profits.That's why we can't see real pump of bitcoin.But I think Bitcoin will go to a better level if we wait a while.

[Kudrowet]

Yes, I also think that the price of Bitcoin will continue to rise after the adjustment.

[Paisleyvn]

The recent ups and downs of Bitcoin should be a price adjustment, and the price will rise after the adjustment.

[Connortu]

I think Bitcoin is now an investment, more and more people recognize it, and the price will continue to rise after adjustment.

[worle1bm]

The btc price has gain momentum this year and prices tend to rise to ATH of $40k for the first time and who cashed out at that time has gained good profits if they have invested at dips but now market seems bullish and correction phase is going on but one thing which is good this time in volatility factor is that the prices have stabilize at some point and not went too far downward in the graphs.Inspite of whales trying to manipulate the market by spreading FUD the prices will rise with new investment and acceptance at global level of btc as payment system.So just stay calm and hold your coins because prices will pump soon and skyrocket.Did you expect the prices to rise from $7-$8k to ATH of $35-$40k within such short span of time? So this is the power of digital assest have belief over it.

[thesmallgod]

If there will be major correction, I know we are not going to see bitcoin go back below 20k this is because a lot of people are showing interest in bitcoin so everyone are looking for opportunity to buy at the deep. Also some correction we have seen after it goes back below 40k is increasing support by resistance at 30k. It is just a matter of time before we see btc go above 40k again and maybe before Q2 it will set another ATH. I've been reading about this Grayscale ish, it seem the current bull run has something to do about grayscale

[Campbvrry]

The price of Bitcoin is difficult to predict, and I don't know what its future price will be.