The indices that makes bitcoin price

[South Park]

After continuing some strong uptrends over the past few weeks, Bitcoin appears to be experiencing a strong decline in price now. It's not clear if this trajectory will hold, but given that the famous golden cross has appeared, the market may be on the bearish.

Right now the price of bitcoin is ranging, it is not going to take a strong direction and it is just going to move between the 40k and the 45k levels, this is not probably what we were expecting now that we are so close to October but it seems this is what we are going to get for some time, but not all is bad, you can take the time to accumulate coins for the time being and even if I know the price is expensive it is going to get much more expensive during the next months so this is a good moment to accumulate some coins.

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[STT]

Its not likely to move below the 50 week average just yet and if it did so it would be the first time for this whole year so especially bearish.  Some price levels be related to a rough sentiment that would match that amount of movement in the price.  I doubt we get it by month end but should we have a prolonged series of negative weeks into months it might occur before resolving one way or the other.

[GeorgeJohn]

That's the reason i always emphasised that bitcoin price can't be predicted because it can come today and tomorrow it falls to the initial point, at the point it started pumping many traders always happy to see the movement accelerating but when it falls no will be happy about its falling except the buyers, so no matter perfect you are in future trading you can never get the price of bitcoin accurately, it's unpredictable unlike human life is unpredictable, so therefore bitcoin can be purchase anytime you decide to purchase or trade,  so waiting for the price to go up or waiting for a perfect predictor, i think it's individual reasoning or thinking of investment.

[BIN-BIN]

After continuing some strong uptrends over the past few weeks, Bitcoin appears to be experiencing a strong decline in price now. It's not clear if this trajectory will hold, but given that the famous golden cross has appeared, the market may be on the bearish.

Judging from the recent happening in Bitcoin price is clear that this season will witness a high level of bull run.
And one of the indices that impacts the Bitcoin price are its adoption and trading activities.

[asrinur]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

In my opinion, the current crypto market conditions have started to improve again after a few weeks ago experienced a very deep decline as a result of China's FUD news. The price of bitcoin is currently experiencing a high spike where the price has broken through the $57k level.

[rahmatrf331]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

In my opinion, the current crypto market conditions have started to improve again after a few weeks ago experienced a very deep decline as a result of China's FUD news. The price of bitcoin is currently experiencing a high spike where the price has broken through the $57k level.

bitcoin has started to improve lately and the market has broken through its highs after a price correction a few months ago. rumors about Chinese FUD not having much of an effect on bitcoin's movements are actually reversed. bitcoin broke through the high price of $57k again and continues to receive strong support from new investors.

[yhiaali3]

Of course, the rules of the game have changed a lot now, it is no longer available for some individuals or whales to manipulate the bitcoin market as before because there are large institutions and companies that entered the game and it became very difficult for a whale or one individual to manipulate the market, of course it is not impossible, but it is much less than before, there are many One of the important factors that affect the price of bitcoin, down or up, is that it is difficult to predict the movement of bitcoin accurately. But of course you can determine whether the general trend is bullish or bearish.

[michellee]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

In my opinion, the current crypto market conditions have started to improve again after a few weeks ago experienced a very deep decline as a result of China's FUD news. The price of bitcoin is currently experiencing a high spike where the price has broken through the $57k level.

It seems the price now is back on the right track and keeps increase although not much. Maybe the price is still affected by China's FUD news, so the price can not still rise fast. If you see the price is down fast and seems to crash, you do not need to panic because we will see that happen many times in the crypto market. Now, the price is struggling to lift price to the next high price and maybe after this, we will see a rally to $60k or more.

[bitgolden]

activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Not just bitcoin market, everywhere manipulations are happening and at the end of the day who are having more influence, might be getting chances to take the market direction in favor of them; it could be individuals like whales are group of individual traders and investors. So, nothing there to blame on bitcoin market just because of its high volatility nature.

If you see the price is down fast and seems to crash, you do not need to panic because we will see that happen many times in the crypto market.

I'm sure that those people who are all into bitcoin markets for years definitely will not get panic when they are watching market crash but at the same time it must be a basic human nature to get panic when their hard earned  money is melting down; I mean bitcoin market will have all types of people (some stay calm always and some may not) still bitcoin got all the power to prove its potential in the end to all of us.

[michellee]

If you see the price is down fast and seems to crash, you do not need to panic because we will see that happen many times in the crypto market.

I'm sure that those people who are all into bitcoin markets for years definitely will not get panic when they are watching market crash but at the same time it must be a basic human nature to get panic when their hard earned  money is melting down; I mean bitcoin market will have all types of people (some stay calm always and some may not) still bitcoin got all the power to prove its potential in the end to all of us.

They will not panic IF they have control over themselves and knowing that volatility is the biggest part of crypto that will always happen day by day. If they can not prevent the panic, then maybe crypto does not match to them and better to leave crypto and do something else.

Yes, we are humans who can panic related to the current situation, but we can take care and handle the panic so that it will not become bigger. But if we see the market in a bullish trend, we become greedy and want to sell at the next higher price. Once again, if we can not control ourselves, we will not sell our coins to profit.

[arufox]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Bitcoin in the past month did experience a decline in the price of about 12 percent precisely after El Salvador accepted bitcoin as a legal tender in his country. But now, the bitcoin bulls are back that the bull market and bitcoin rally have started to pick up again in the past week or so.

[rincoeng1986]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Bitcoin in the past month did experience a decline in the price of about 12 percent precisely after El Salvador accepted bitcoin as a legal tender in his country. But now, the bitcoin bulls are back that the bull market and bitcoin rally have started to pick up again in the past week or so.

The price index is very positive in this one week, many altcoins are following the movement of bitcoin. will likely be followed by the newly marketed altcoins in cryptocurrencies.
The bitcoin market index has broken through its high levels in recent days looking like a household ladder.

[perfect999]

Bitcoin in the past month did experience a decline in the price of about 12 percent precisely after El Salvador accepted bitcoin as a legal tender in his country. But now, the bitcoin bulls are back that the bull market and bitcoin rally have started to pick up again in the past week or so.

I strongly believe that the decline in September month got nothing to do with acceptance of El Salvador but that was purely due to China's declaration of all crypto related activities as illegal. Now, bitcoin ETF is about to go live in USA which must be the prime reason why we are again near to ATH and all the above the market sentiment must be another big reason why we are about to have new ATH. Most people are positive about getting into $100k levels and that way bitcoin market started to obey because we are the people who speculate and same people are ones who move the markets.

[RILWAN]

It's not likely to move below the 50 week average just yet and if it did so it would be the first time for this whole year so especially bearish.  Some price levels are related to a rough sentiment that would match that amount of movement in the price.  I doubt we get it by month end but should we have a prolonged series of negative weeks into months it might occur before resolving one way or the other.

Bitcoin has moved above the price that it can correct back to below 50k as at the moment the Bitcoin correction benchmark is 61k and 59k respectively which is an indication of a pending Bitcoin bull run which will see Bitcoin moving to 70k before the end of October.

[palle11]

It's not likely to move below the 50 week average just yet and if it did so it would be the first time for this whole year so especially bearish.  Some price levels are related to a rough sentiment that would match that amount of movement in the price.  I doubt we get it by month end but should we have a prolonged series of negative weeks into months it might occur before resolving one way or the other.

Bitcoin has moved above the price that it can correct back to below 50k as at the moment the Bitcoin correction benchmark is 61k and 59k respectively which is an indication of a pending Bitcoin bull run which will see Bitcoin moving to 70k before the end of October.

$70k for this month is not achievable as we see price has ranged between $61k this week and may end so. The moving average on a monthly time is not looking upwards and that is a sign of a correction of the bull experienced lately. The bull run so far got no strength guess we have to keep fingers crossed for next month.

[saltomanx1x]

It's not likely to move below the 50 week average just yet and if it did so it would be the first time for this whole year so especially bearish.  Some price levels are related to a rough sentiment that would match that amount of movement in the price.  I doubt we get it by month end but should we have a prolonged series of negative weeks into months it might occur before resolving one way or the other.

Bitcoin has moved above the price that it can correct back to below 50k as at the moment the Bitcoin correction benchmark is 61k and 59k respectively which is an indication of a pending Bitcoin bull run which will see Bitcoin moving to 70k before the end of October.

$70k for this month is not achievable as we see price has ranged between $61k this week and may end so. The moving average on a monthly time is not looking upwards and that is a sign of a correction of the bull experienced lately. The bull run so far got no strength guess we have to keep fingers crossed for next month.

the bitcoin market I see is very weak and needs strong support in order to break through the latest $67k reset. even though there had been a strong bull run after the launch of the Bitcoin ETF, but after a week there was an immediate market price correction. I don't know what caused the market price correction to occur, causing it to last a long time.

[sana54210]

$70k for this month is not achievable as we see price has ranged between $61k this week and may end so. The moving average on a monthly time is not looking upwards and that is a sign of a correction of the bull experienced lately. The bull run so far got no strength guess we have to keep fingers crossed for next month.

Even I agree with you, we are having more than 24 hours left in this month which must be more than enough time for bitcoin markets and its potential to get into anything around $70k levels. If you have noticed that weekends are known for stronger bullish trend hence anything could happen by this weekend which again may get bitcoin prices to be ending up this months around $70k levels.

All the technical may start in favor of our bullish speculation when some spike do happens. I mean I agree that technical are basic driving force still I have seen many occasions where market force overriding the technical parts. It means to make any indicators to favor reaching $70k just another good rally will be enough. All the indicators are just lagging and may change according to market fluctuations; means nothing final.

[RILWAN]

Of course, the rules of the game have changed a lot now, it is no longer available for some individuals or whales to manipulate the bitcoin market as before because there are large institutions and companies that entered the game and it became very difficult for a whale or one individual to manipulate the market, of course it is not impossible, but it is much less than before, there are many One of the important factors that affect the price of bitcoin, down or up, is that it is difficult to predict the movement of bitcoin accurately. But of course you can determine whether the general trend is bullish or bearish.

I still believes that the total amount of Bitcoin holding also contribute to how influenced it have on the market, be it whale or institution holding. The company percentage are still very minimal compares to individuals who are holding large amount of Bitcoin in they trading accounts.

[Kasabus]

It's not likely to move below the 50 week average just yet and if it did so it would be the first time for this whole year so especially bearish.  Some price levels are related to a rough sentiment that would match that amount of movement in the price.  I doubt we get it by month end but should we have a prolonged series of negative weeks into months it might occur before resolving one way or the other.

Bitcoin has moved above the price that it can correct back to below 50k as at the moment the Bitcoin correction benchmark is 61k and 59k respectively which is an indication of a pending Bitcoin bull run which will see Bitcoin moving to 70k before the end of October.

$70k for this month is not achievable as we see price has ranged between $61k this week and may end so. The moving average on a monthly time is not looking upwards and that is a sign of a correction of the bull experienced lately. The bull run so far got no strength guess we have to keep fingers crossed for next month.

the bitcoin market I see is very weak and needs strong support in order to break through the latest $67k reset. even though there had been a strong bull run after the launch of the Bitcoin ETF, but after a week there was an immediate market price correction. I don't know what caused the market price correction to occur, causing it to last a long time.

Bitcoin may be bullish this time and could anytime reach an amount higher from its previous ATH but certainly not this month because the market's resistance is not that strong. It needs more strong support from any big and significant news that could impact a big change in the market positively. And with the big whales that are always present to create price correction that could lead to a possible dump, but i think after that the market will gain more strong support that could also lead to a more pump in the market.

[Finestream]

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Those who are actually responsible for the conditions that occur in the bitcoin market, there are even times when they make a pattern of decreasing the selling value of bitcoin or what is called a correction, so that this condition is used by them to buy, investors always see opportunities to invest and they can also determine up or down. bitcoin's downturn, realize it or not, that's what they continue to do.

Whales are often more responsible in market's price changes, either dump it or pump the other way around. If they want to make bigger purchases, they will start manipulating the market and cause it to dump so they can have bigger discount in buying those cheap but potential coins.

However, if they want to see the market pumps, there are those positive news that will create significant pumps in the market and will most likely affect the whole crypto market. In this way, if the decide selling their coins, they will gain huge profits especially if they have bought them from the dip and sell them at their new heights.