Kemarit
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February 04, 2022, 04:25:09 AM |
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I think, the weakening of bitcoin prices lately because investors and traders consider that global market sentiment still tends to be negative. Although market conditions have not been positive in the short term, I have the view that the bitcoin bullish phase will occur in the middle of this year and the bitcoin price will rise much higher than the current price.
And a classic example that the financial markets globally are somewhat connected and has correlated on each other, including crypto. So if traditional market is on a negative sentiments, for sure crypto market for most part as going to be on the bear market. We will see, I think the second quarter will be a good hedge as to where the market will going to be, but for the first quarter, I would say that we might be in for a long bear and could see the price going still doing down a bit, maybe <$30,000 short term.
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STT
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February 04, 2022, 05:28:59 AM |
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Its a continual loop to irritate you or perhaps just a reflection of every day the earth turns and each trading sphere is roughly 4 hours in its dominance before the baton is passed to the next big city set of traders to decide the price and local supply and demand. I dont believe the whole world is trading equally all at once, its something of a tug of war back and forth. There are trends which last but they are surely tested before enduring.
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pooya87
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February 04, 2022, 07:40:23 AM |
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And a classic example that the financial markets globally are somewhat connected and has correlated on each other, including crypto. So if traditional market is on a negative sentiments, for sure crypto market for most part as going to be on the bear market. We will see, I think the second quarter will be a good hedge as to where the market will going to be, but for the first quarter, I would say that we might be in for a long bear and could see the price going still doing down a bit, maybe <$30,000 short term.
There are always some crossovers but I wouldn't go as far as claiming correlations, specially when it comes to bitcoin because we have been proven many times in the past that bitcoin market is completely independent of any other markets even if people panic in short term and behave in the same direction for a short time. The best example is the COVID19 global market crash where bitcoiners panicked too but soon the market reversed and set a new ATH while the global market continued crashing for another year.
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bots1
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February 04, 2022, 02:49:08 PM |
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I think, the decline in bitcoin prices this time is due to following the Wall Street stock market, where bitcoin prices have weakened to %7 the last few weeks so most investors are letting go of their assets. But rest assured that the bull market will return soon and the bitcoin price will soar until it prints a new ATH.
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Questat
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February 04, 2022, 09:08:57 PM |
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I think, the decline in bitcoin prices this time is due to following the Wall Street stock market, where bitcoin prices have weakened to %7 the last few weeks so most investors are letting go of their assets. But rest assured that the bull market will return soon and the bitcoin price will soar until it prints a new ATH.
About a new ATH, I think we will not going to see that this year, but we have some good news since bitcoin has pumped 11% today so far. The market is looking great again - https://coinmarketcap.com/I'm not sure if this is the start of a new bullish run, but if this would be able to continue and break the wall, then we might see a new ATH early this year, however, as I said, we are not going to see it this year so it's unlikely to happen. Let's enjoy the sudden pump as it might not last long too.
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OgNasty
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February 04, 2022, 09:12:23 PM |
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Market seems to be feeling really good all the sudden. I remain cautious for now. For the short term traders this has to be a sell point as we bang up against resistance. We’re close to a breakout though. One more leg up and I think this downtrend might finally be broken after 3 months of going straight down. Still too early to give the all clear sign, but it might be time to start getting those signs ready. I don’t think we’ll be seeing sideways action from here.
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bbc.reporter
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February 07, 2022, 02:32:18 AM |
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<snip>
I have seen plenty of people who are wrong, but someone this wrong? I have never seen someone this wrong before. Subprime mortgages? So, investing into crypto is similar to investing into a layered and shitty mortgage loans filled asset? Bankers saw mortgages as something solid and everyone always pays and gathered all the bad default rated loans together and bought them in thousands together in a single paper and now they are saying that crypto is similar? How?? This guy is an idiot, there is absolutely no resemblance at all, just because bitcoin went up so much and at a high price right now (even after the fall) doesn't mean that it resembles every single bubble in the history. However, he is not wrong because the bull market of bitcoin and the cryptospace is also the product of speculation and leverage, very much similar to subprime mortgages. We have to accept reality that adoption did not pump bitcoin from $3k to the all time high, it was leverage. Do you know how much USDT was borrowed by assumed market makers? The word market maker in this article was also used to categorize venture capital firms that have their self interest for profit, similar to Alameda Research hehehe. Source https://protos.com/tether-papers-crypto-stablecoin-usdt-investigation-analysis/
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Kemarit
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February 07, 2022, 04:25:48 AM |
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Market seems to be feeling really good all the sudden. I remain cautious for now. For the short term traders this has to be a sell point as we bang up against resistance. We’re close to a breakout though. One more leg up and I think this downtrend might finally be broken after 3 months of going straight down. Still too early to give the all clear sign, but it might be time to start getting those signs ready. I don’t think we’ll be seeing sideways action from here.
Yes, another spike in the last 24 hours pushing it to $42,000. I thought that it will go sideways at $41,000. But then again, Bitcoin market never ceases to pull surprises after surprises. When we thought that it will be this X direction, it suddenly goes on the opposite. But we need to be cautious still, could be the some people are messing with us again this kind of fake break out and traps.
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btc_angela
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February 08, 2022, 03:00:25 PM |
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Market seems to be feeling really good all the sudden. I remain cautious for now. For the short term traders this has to be a sell point as we bang up against resistance. We’re close to a breakout though. One more leg up and I think this downtrend might finally be broken after 3 months of going straight down. Still too early to give the all clear sign, but it might be time to start getting those signs ready. I don’t think we’ll be seeing sideways action from here.
Yes, another spike in the last 24 hours pushing it to $42,000. I thought that it will go sideways at $41,000. But then again, Bitcoin market never ceases to pull surprises after surprises. When we thought that it will be this X direction, it suddenly goes on the opposite. But we need to be cautious still, could be the some people are messing with us again this kind of fake break out and traps. And yet we did see another increase making it to $45k although the price keeps hovering just on the $44k range. It's not that bad, and I agree that it is another surprise pulled by bitcoin market and it's supporters. No dead cat bounce yet, and it the pattern continues, we might see it going to $50k. And that will be the biggest surprises for this month alone. And sentiments now at neutral level. https://alternative.me/crypto/fear-and-greed-index/
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wxa7115
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February 08, 2022, 07:45:46 PM |
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I'm not a financial adviser, but if you have limited funds and have used it already then no need to buy more. Just buy if you have the money and don't force and make things complicated for you.
I mean if you buy like $40k, then just hold on those bitcoins and not sell (obviously you are at a loss if you sold today). And look at the future, in the next bull run your bitcoin is going to be worth more, just saying.
You are giving good advice but very few people are able to follow it, during the 2017 bull run there were many people that bought at the 19k level and then when the price began to go down they panicked and sold their coins. Back then there were many posts like that and those that could see the big picture told those people to hold their coins and yet they did not, if they had held their coins even now they would have doubled their investment in just a few years, there are very few assets around the world that can do something like that, so while your intentions are good very few people wll follow your advice.
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milewilda
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February 08, 2022, 08:58:40 PM |
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I'm not a financial adviser, but if you have limited funds and have used it already then no need to buy more. Just buy if you have the money and don't force and make things complicated for you.
I mean if you buy like $40k, then just hold on those bitcoins and not sell (obviously you are at a loss if you sold today). And look at the future, in the next bull run your bitcoin is going to be worth more, just saying.
You are giving good advice but very few people are able to follow it, during the 2017 bull run there were many people that bought at the 19k level and then when the price began to go down they panicked and sold their coins. Back then there were many posts like that and those that could see the big picture told those people to hold their coins and yet they did not, if they had held their coins even now they would have doubled their investment in just a few years, there are very few assets around the world that can do something like that, so while your intentions are good very few people wll follow your advice. Only diamond hands would really able to profit out because they dont easily freak or panic out whenever they do see some declines.Although this would talk in test of faith because we cant be sure on when recovery does happen which would be always a question if i would say and this had been always been the case or situation that we could see into this market.People would react directly on what are the things they are currently experiencing or seeing and act directly without having those presumptions or thinking carefully whether its a right call or not.
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pooya87
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February 09, 2022, 07:14:34 AM |
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The recent jump should have proved how pointless it is discussing market sentiment on the internet when people always only tell you their wishes not their actual plans and sentiments. If we were to believe the statements price not only shouldn't have risen but also it should have gone down significantly which goes to show that people are always bullish on bitcoin and in times they are not, they are just waiting for a better opportunity to buy a lot of it to continue the bullish market.
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lizarder
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February 09, 2022, 09:29:09 AM |
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Things started looking good, giving a bit relief!! But wait!!! Again sudden dip of $5000 in a few hours?? How can we explain it: Are bad actors manipulating it or it just the market sentiments towards downward making such huge pricefall?
I think there are activities that involve bad actors in manipulating, coupled with the market sentiment that led to such a huge price fall, these two things if you pay attention to have a relationship that affects the market continues to be corrected, but there has been little change in these two days in the market, Bitcoin has back on a good track even though it's not optimal, I think the correction will find a phase of change in the next month.
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el kaka22
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February 09, 2022, 10:03:03 AM |
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And yet we did see another increase making it to $45k although the price keeps hovering just on the $44k range. It's not that bad, and I agree that it is another surprise pulled by bitcoin market and it's supporters. No dead cat bounce yet, and it the pattern continues, we might see it going to $50k. And that will be the biggest surprises for this month alone. And sentiments now at neutral level. https://alternative.me/crypto/fear-and-greed-index/We have reached that almighty 45k+ price but that was a short and temporary thing and then went down right afterwards. I assume that things are not as great as it used to be for all of us but it is also not looking too bad neither to be fair. I have to say that it is definitely something I can see happening, the price I mean, definitely not a dead cat bounce, it has reached 45k levels and during dead cat bounce it is a short one and usually fakes to go up and then drops down harshly. We have already reached 45k, it may drop from here and it still wouldn't be a dead cat bounce for me because that had to be a lot earlier and not at this price and not this late. I would call this a bull run starting, an early stage, maybe we will fail and go back to bear run after this but I would call it "bull turned into bear" and not a dead cat bouncing for sure.
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cryptomaniac_xxx
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February 09, 2022, 10:14:14 AM |
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Market seems to be feeling really good all the sudden. I remain cautious for now. For the short term traders this has to be a sell point as we bang up against resistance. We’re close to a breakout though. One more leg up and I think this downtrend might finally be broken after 3 months of going straight down. Still too early to give the all clear sign, but it might be time to start getting those signs ready. I don’t think we’ll be seeing sideways action from here.
Yes, another spike in the last 24 hours pushing it to $42,000. I thought that it will go sideways at $41,000. But then again, Bitcoin market never ceases to pull surprises after surprises. When we thought that it will be this X direction, it suddenly goes on the opposite. But we need to be cautious still, could be the some people are messing with us again this kind of fake break out and traps. And yet we did see another increase making it to $45k although the price keeps hovering just on the $44k range. It's not that bad, and I agree that it is another surprise pulled by bitcoin market and it's supporters. No dead cat bounce yet, and it the pattern continues, we might see it going to $50k. And that will be the biggest surprises for this month alone. And sentiments now at neutral level. https://alternative.me/crypto/fear-and-greed-index/The $45k jump was very quick as there are no volume to push or sustain it. As for the dead cat bounce, who knows, maybe it will start because bitcoin is down, but it's manageable at less than 1%. And I would say that this could cause some frenzy in the market again as people are expected a $50k rally because maybe some of them thought that we are in a bull run, but we are not. We are lucky if we are going to at least $44k at the end of the week.
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btc_angela
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February 09, 2022, 10:20:06 AM |
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Market seems to be feeling really good all the sudden. I remain cautious for now. For the short term traders this has to be a sell point as we bang up against resistance. We’re close to a breakout though. One more leg up and I think this downtrend might finally be broken after 3 months of going straight down. Still too early to give the all clear sign, but it might be time to start getting those signs ready. I don’t think we’ll be seeing sideways action from here.
Yes, another spike in the last 24 hours pushing it to $42,000. I thought that it will go sideways at $41,000. But then again, Bitcoin market never ceases to pull surprises after surprises. When we thought that it will be this X direction, it suddenly goes on the opposite. But we need to be cautious still, could be the some people are messing with us again this kind of fake break out and traps. And yet we did see another increase making it to $45k although the price keeps hovering just on the $44k range. It's not that bad, and I agree that it is another surprise pulled by bitcoin market and it's supporters. No dead cat bounce yet, and it the pattern continues, we might see it going to $50k. And that will be the biggest surprises for this month alone. And sentiments now at neutral level. https://alternative.me/crypto/fear-and-greed-index/The $45k jump was very quick as there are no volume to push or sustain it. As for the dead cat bounce, who knows, maybe it will start because bitcoin is down, but it's manageable at less than 1%. And I would say that this could cause some frenzy in the market again as people are expected a $50k rally because maybe some of them thought that we are in a bull run, but we are not. We are lucky if we are going to at least $44k at the end of the week. Oh well, as you have said, there is no friction on that $45k price level that's why it went down very quick. But at least it settles around mid $43k and that is good enough for the market. No more talking of what should be the lowest low for this year? Although it's too early, just maybe we can still get to that $50k. Maybe it's not this month, but the first quarter will be a good gauge to see where we are going for this year.
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wxa7115
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February 14, 2022, 09:48:17 PM |
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I'm not a financial adviser, but if you have limited funds and have used it already then no need to buy more. Just buy if you have the money and don't force and make things complicated for you.
I mean if you buy like $40k, then just hold on those bitcoins and not sell (obviously you are at a loss if you sold today). And look at the future, in the next bull run your bitcoin is going to be worth more, just saying.
You are giving good advice but very few people are able to follow it, during the 2017 bull run there were many people that bought at the 19k level and then when the price began to go down they panicked and sold their coins. Back then there were many posts like that and those that could see the big picture told those people to hold their coins and yet they did not, if they had held their coins even now they would have doubled their investment in just a few years, there are very few assets around the world that can do something like that, so while your intentions are good very few people wll follow your advice. Only diamond hands would really able to profit out because they dont easily freak or panic out whenever they do see some declines.Although this would talk in test of faith because we cant be sure on when recovery does happen which would be always a question if i would say and this had been always been the case or situation that we could see into this market.People would react directly on what are the things they are currently experiencing or seeing and act directly without having those presumptions or thinking carefully whether its a right call or not. I admit the requirements are on the high side when it comes to holding our coins when the market is going down, however the other option which is selling our coins for a loss is way worse, as once you sell and you leave this market behind there is no hope to recover the money you have lost during the bear market. So while both options are hard the only one that offers the possibly to recover the money that has been lost is to hold our coins, which is why it is still kind of mystifying why so many people fail to see this when it is so obvious to us.
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STT
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February 14, 2022, 11:56:22 PM |
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At present we've held ground, gone sideways if anything overall and above the 50 day average. I think we remain bullish overall and far more positive then the previous regular decline, it was merely a rest stop in a bullish rally. We are below the weekly average but bigger then that is being above the 50 day. I think if wanting to be cautious then waiting till we regain 43k roughly and then a greater acceleration should be observerable.
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TravelMug
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February 15, 2022, 03:38:00 AM |
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At present we've held ground, gone sideways if anything overall and above the 50 day average. I think we remain bullish overall and far more positive then the previous regular decline, it was merely a rest stop in a bullish rally. We are below the weekly average but bigger then that is being above the 50 day. I think if wanting to be cautious then waiting till we regain 43k roughly and then a greater acceleration should be observerable.
You are right, we've regain the $43k price level and so we keep our heads above the 50 day average again. So I would say that it is a good sign that the bulls are still here in the market, maybe not as lively as before. But they are not giving up and could make a final push to $45k again next week.. That will be the target for now. It's the biggest barrier we have so far and we just had one attempt so far, it was a brief touch to $45k but then it retraces back to $43k'ish levels.
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Mr.Scott
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February 15, 2022, 06:26:32 AM |
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At present we've held ground, gone sideways if anything overall and above the 50 day average. I think we remain bullish overall and far more positive then the previous regular decline, it was merely a rest stop in a bullish rally. We are below the weekly average but bigger then that is being above the 50 day. I think if wanting to be cautious then waiting till we regain 43k roughly and then a greater acceleration should be observerable.
You are right, we've regain the $43k price level and so we keep our heads above the 50 day average again. So I would say that it is a good sign that the bulls are still here in the market, maybe not as lively as before. But they are not giving up and could make a final push to $45k again next week.. That will be the target for now. It's the biggest barrier we have so far and we just had one attempt so far, it was a brief touch to $45k but then it retraces back to $43k'ish levels. The price prediction here is more accurate. I can totally see why. A fresh rally can only occur after Bitcoin clears $43,800. But I won't say that this is a great chance to buy. Bitcoin is certainly regaining its losses and has been at or near $43k for a while now. A bounce from here is possible because Bitcoin begins its restoration, and BTC is testing. So far, BTC's move has truly impressed me. Let's hope we can overcome the barrier!
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