[2021-10-02] Bitcoin investors 'no longer fearful' — watch this BTC price level

[BandetBulut]

Bitcoin investors 'no longer fearful' — watch this BTC price level next

Sentiment breaks out from "extreme fear" along with Bitcoin price action as expectations call for only a modest correction before fresh gains.

Bitcoin (BTC) stayed higher on Oct. 2 after a "fantastic" break to the upside upended market sentiment.

Trader eyes $45,000 BTC price floor
Data from Cointelegraph Markets Pro and TradingView followed eerie calm on BTC/USD after Friday's sudden upside volatility saw $3,000 added in an hour.

The classic "short squeeze" saw no significant pushback into the weekend, with Bitcoin preserving levels above the August close.

For Cointelegraph contributor Michaël van de Poppe, it was now a question of what form a consolidation period could take in the coming days.

"If we want to get any corrective move at all, I think you don't want to see it go that far down," he warned in a YouTube update Friday.

"I think the deepest you want to see it go is this level around $45,000."

Van de Poppe nonetheless added that he favored bullish continuation as the conclusion to short-term price action rather than a deeper drop towards levels from earlier in the week.

A look at buy and sell levels on major exchange Binance meanwhile revealed incremental resistance in place beginning at $48,000.

Read more at: https://cointelegraph.com/news/bitcoin-investors-no-longer-fearful-watch-this-btc-price-level-next

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[sunsilk]

Majority of the bitcoin investors or holders we say have been in the bear markets. Having that experience and going through with it made us even more patient and stronger if we see sudden dips. These dips are no longer moving us and instead, we're just cool with it and sees it as buying opportunity if we have some spare cash to spend for it.

What's the matter is with the new investors that have bought at the top and they'll have to wait again for the price to be back there and it's up to them if they'll sell so they go out. It's all about experiences why we're not that FOMOing and scared anymore with unexpected high price movements.

[bbc.reporter]

In the cryptospace, when investors begin to larp that they are no longer fearful? It might be the best time to begin to be cautious, I reckon. That article also mentions Michaël van de Poppe? He is a shill and it is very doubtful that he invests in the coins that he shills in social media.

[leea-1334]

In the cryptospace, when investors begin to larp that they are no longer fearful? It might be the best time to begin to be cautious, I reckon. That article also mentions Michaël van de Poppe? He is a shill and it is very doubtful that he invests in the coins that he shills in social media.

Totally agree. For some weird reason,,, when the entire industry and market is positive, things go down (look at the past few months for example of people talking about new ATH coming soon).

And when everyone is letting go like firesale (last year first few months), then Bitcoin loves to prove them all wrong.

Of course the point missing entirely is that the majority of serious investors have never been fearful. Why would they keep buying if so?

[Slow death]

it seems that this time the analysis was very right, the price managed to rise a lot to the point of reaching $49,000, but before that there were several times when the price tried to break the resistance that was at $48200 and every time it failed to break the $48200 the price drops, but fortunately we are at $49,000. now it needs to consolidate above the $49,000 to try to break the $52000 which is a strong resistance. only after breaking the $52000 can we be optimistic about trying to break the old ATH

[bbc.reporter]

In the cryptospace, when investors begin to larp that they are no longer fearful? It might be the best time to begin to be cautious, I reckon. That article also mentions Michaël van de Poppe? He is a shill and it is very doubtful that he invests in the coins that he shills in social media.

Totally agree. For some weird reason,,, when the entire industry and market is positive, things go down (look at the past few months for example of people talking about new ATH coming soon).

And when everyone is letting go like firesale (last year first few months), then Bitcoin loves to prove them all wrong.

Of course the point missing entirely is that the majority of serious investors have never been fearful. Why would they keep buying if so?

This is because many of those social media influencers are either permabulls who want more followers or they are paid to shill many different coins. It is a scam, they are not real traders. Real traders do not shill because they are profitable already. Shills only want more followers because more followers will give their accounts more profit.

[NeuroticFish]

While indeed the Fear & Greed index right now is showing "Greed" (59), and while the market indeed looks better than one week ago, I'm also not convinced that the "analysis" is anything more than shilling.
Yes, Bitcoin price is expected to rise. I do expect that too. But don't we expect that since... May?
We got plenty of good news. We also got shitloads of FUD. I see we get shilling too 
Bitcoin price will rise.. eventually. Maybe today, maybe in weeks, maybe much later (I hope not too late). But writing a news article basically only because the Fear & Greed index went over 50% is a bit much...

[leea-1334]

And when everyone is letting go like firesale (last year first few months), then Bitcoin loves to prove them all wrong.

Of course the point missing entirely is that the majority of serious investors have never been fearful. Why would they keep buying if so?

This is because many of those social media influencers are either permabulls who want more followers or they are paid to shill many different coins. It is a scam, they are not real traders. Real traders do not shill because they are profitable already. Shills only want more followers because more followers will give their accounts more profit.

Real traders do shill IMO,,, usually themselves or their trading abilities or their signals. Or they pile on the shill on pure pump and dump coins to back up their regular trades with fast profits.

Seriously,,, I respect regular traders but now some of them are even getting into Defi and pretending the same TA they use in BTC also works there (of course it works now).

There is no fear there now sadly, just more and more greed to make free money.

[bbc.reporter]

@leea-1334. However, who are these real traders you are saying? I reckon the real traders are those people behind Defiance Capital, Fenbushi Capital, Alameda Research and those other funds that bring liquidity to the cryptospace. Those are the real traders.

[sikke]

The sentiment is much higher now and the price support at $50k is very strong.

However, I think that people are getting a bit overconfident for this current bull run to be sustainable.

I do expect $60k to come sooner or later, but I also think that a correction will occur by the end of 2022 given the 4-year cycles.

[Sithara007]

We have seen these corrections multiple times. I had bitcoins in my wallet when the exchange rates nosedived by 80%-85% on two occasions (2015 and 2018). Those who sold their coins back then are regretting now. I know how volatile it is. Even the noobs understand this, as they check the historical price patterns before making investments. And this one of the reasons why there was no massive selloff, when the People's Bank of China (PBOC) announced the decision to ban cryptocurrency in mainland China.

[cr1776]

"Extreme fear"?

I don't know any *investors* who are fearful, let along "extreme fear".  Maybe some short term traders who are leveraged might be, but any investor knows the deal with bitcoin if they have followed it for any length of time:  buy and hold for any reasonable length of time and you will have come out way ahead so far.

If these people really knew anything that involves short term direction, they would be quite well off.  Instead they are hungry for clicks.