Will Bitcoin Crash in The Next 2 Weeks?

[24Kt]

Whatever trader calls it the scenario is the same since we can see the price drops after those incident in Ukraine hit up and if there's major or big news happening which can lead to destructive scenario well most provably we can see the price of bitcoin dumping knowing fud creators will always use this as a weapon for them to see the price of bitcoin buyable for them.

War could cause it to go up, war could cause it to go down. There is really nothing in the crypto world that cannot be seen from two different sides. Some people thought it would go down, because it is war and there are people and economies dying, so they sold and the price did went lower at first. Then it went up because there were sanctions and there were a lot of wealthy Russians buying thousands in bitcoin all at once, and that caused it to go up.

So, you could never approach crypto like it is something that you just casually do and predict, anything that happens in the world could have a different reaction and have multiple approaches by millions of users.

As no one can exactly predict what will happen in this market, just observe the trend and it is upon on your instincts how you will react on this market. It depends on your experience and skills. But when the OP created this thread, btc is around 38-39k price range, and now, after more than couple of weeks, we are still in this range. So btc has not crashed at that reference. Though in between this period, we suffer a dip of below 34k. If someone bought in that dip, he's already gaining by now. What this scenario tell, is that anyone can make a prediction, but it is all on you how you will act to take advantage of the market.

[STT]

Its not yet threatening greater negative action, over the last couple months its had rally attempts which have not taken but also we have a series of rising lows which means BTC is underlying positive not negative despite the repeated rally and sell price action.
  I think it will try to trade past the 50 day average again or attempt to before any failure condition is seen.  Right now pricing is trading just past the 2 day average, it appears positive momentum could reappear if that process continues to build.  Hopefully you can also see why I view BTC as going sideways in a range.

[ultrloa]

Whatever trader calls it the scenario is the same since we can see the price drops after those incident in Ukraine hit up and if there's major or big news happening which can lead to destructive scenario well most provably we can see the price of bitcoin dumping knowing fud creators will always use this as a weapon for them to see the price of bitcoin buyable for them.

War could cause it to go up, war could cause it to go down. There is really nothing in the crypto world that cannot be seen from two different sides. Some people thought it would go down, because it is war and there are people and economies dying, so they sold and the price did went lower at first. Then it went up because there were sanctions and there were a lot of wealthy Russians buying thousands in bitcoin all at once, and that caused it to go up.

So, you could never approach crypto like it is something that you just casually do and predict, anything that happens in the world could have a different reaction and have multiple approaches by millions of users.

Yeah it could go up if people will look at it as safe heaven for their struggling physical assets but unfortunately that's not happening now. Maybe other are buying gold to protect their wealth and bitcoin for now is not their primary option that's why we see the price dump when the war start to happen.

Maybe in future we can see this to happen especially at the moment bitcoin is been recognized little by little and the only need by bitcoin to achieve this is huge trust level gotten from more institutional investors.

[Sled]

The way BTC is dangling in the dump region since this year has continued to prove my conviction that Bitcoin will remain bearish in the first quarters in 2022 right. We're in March and that's the last month in the first quarters. As far as March is concerned, we are still likely to remain in the bear. Perhaps things will begin to look up well in the second quarters. I can't wait to see the market become lively once again and the "prophets" stepping in to make predictions of where price should get to.

It turns out that all the speculations have gone wrong. Even the FUD has no effect on the market and much more about from Biden. People have been considerate in the situation and are really hard to manipulate. These crypto holders will still hold no matter if a leader from an influential country will ban Bitcoin. And just like you, I didn't expect dumps, instead of recovery.

I hope this time we won't see a $300k ATH forecast.

Not this time, and even $100k is in talks by many as they are thinking more on the negative views than a positive ones.

[STT]

Ignoring the news angle, since start of FEB we have ascended slightly not in the highest prices which continually reset but the lows have improved since that time.   On balance BTC has been in a sideways range for over a month , it cant especially be called as negative trending as we have not maintained downwards especially though we have also failed to move upwards also.

[henmark]

War could cause it to go up, war could cause it to go down. There is really nothing in the crypto world that cannot be seen from two different sides. Some people thought it would go down, because it is war and there are people and economies dying, so they sold and the price did went lower at first. Then it went up because there were sanctions and there were a lot of wealthy Russians buying thousands in bitcoin all at once, and that caused it to go up.

So, you could never approach crypto like it is something that you just casually do and predict, anything that happens in the world could have a different reaction and have multiple approaches by millions of users.

Yeah it could go up if people will look at it as safe heaven for their struggling physical assets but unfortunately that's not happening now. Maybe other are buying gold to protect their wealth and bitcoin for now is not their primary option that's why we see the price dump when the war start to happen.

Maybe in future we can see this to happen especially at the moment bitcoin is been recognized little by little and the only need by bitcoin to achieve this is huge trust level gotten from more institutional investors.

It is happening at least a bit. I mean I will agree with you that it is not happening all the time, but it is happening a bit. There are people out there who think that bitcoin is a safe haven for their value. I am one of those people and I have met with a ton of people like that as well. It is not like some secret deal and I have to say that it is certainly something that I would suggest plenty people do.

There are others as well, there are people who come here to get rich quick, there are people who come here to scam others and there are millions other reasons why people are in crypto, and there are still at least 70% of people in the world who are not in the crypto world as well. But, it doesn't mean that people like me do not exist, we are here, we are minority but here.

[RealMalatesta]

Ignoring the news angle, since start of FEB we have ascended slightly not in the highest prices which continually reset but the lows have improved since that time.   On balance BTC has been in a sideways range for over a month , it cant especially be called as negative trending as we have not maintained downwards especially though we have also failed to move upwards also.

That up and down and up and down keeps worrying people. I mean if it was only down, people would call it a bear market and move on, the ones that want to buy at cheap prices would, and the ones that want to sell because they are in panic mode would. However, it is neither in bull nor bear market right now. We see that we go over 40k plenty of times, just 3 times on your chart, and we saw it go under 40k many times as well, 2 times on your chart, and once right now so three times for that as well.

When things are that complicated, and the direction is not known, people end up scared even more. Scared may not be the right word for it, but everyone is definitely confused, that much is known.

[Hamphser]

Ignoring the news angle, since start of FEB we have ascended slightly not in the highest prices which continually reset but the lows have improved since that time.   On balance BTC has been in a sideways range for over a month , it cant especially be called as negative trending as we have not maintained downwards especially though we have also failed to move upwards also.

Ranging market or moving sideways is the hardest part for you to really handle out on such market condition whenever you do tend to make some selling or buying decision in a short span of time.

As i had observed that most of the time price plummets on mid-week upto weekends and starts to rise up in monday onwards.This is just my observation and not really talking
about patterns.Now the price is holding up well above 38k which had been re-tested a week back but havent really able to crash out. Now, its hard to tell whether
on how long we've been staying on this range.

[AnisahSiti]

That's just speculation, which coincides with what Biden will say later. It is possible that there will be price action when it happens. I think it is better to wait and observe what is conveyed and decide whether to make a purchase or not.

Regardless of what Biden is going to say against bitcoin and crypto in general, I don't think it will have a long lasting effect to the point that we will see a total dump in the market.

We've seen lowest low, maybe just in the lows $30k, but after that we will soon see a bounce back. I'm looking at the history of bitcoin, and everything there is this attack, it shows resiliency and a remarkable come back.

True. It won't last long, I assume if the set regulations can't prevent or even accelerate the long term growth of the value of Bitcoin and cryptocurrencies.

If there is price action and the price drops, I'm sure there will be investors who will enter. Market Crash, is an opportunity for investors when retailers panic to sell.

[wxa7115]

No surprise that people would connect out war situation or event on the time that the market is declining as of this moment which is really a very common type of behavior.
We  havent anticipated for this drop to happen but with the percentage that we are looking then this is something a very usual or common decrease on a normal day here
on crypto which we couldnt tell if the war is the actual reason or just simply some sell-off day into those who had been tending to secure out their profits.

Some people are trying to disregard the effects of the war at Ukraine and are trying to say that the correction we saw at the time was not caused by it, but that is a mistake.

All the markets around the world were going down that day, and while we think of bitcoin as an asset that runs contrary to fiat interests, the truth is that since institutional investors have come to this market the behavior of bitcoin has changed and now it seems to present a higher correlation to the way the stock market moves, something that should not be surprising at all when we take into account that institutional investors now sell some of their holdings in order to offset some of the losses they have suffered at the stock markets, bringing down this market as well.

[Pesona1]

Someone wrote this on Twitter, how true is it?

Biden's regulation will knock it out the next 2 weeks. Stock Market crash will intensify the pain in March. After that, I'll buy.

Biden regulation will of course greatly affect the global market, but I would never believe that bitcoin will be destroyed just because of what he did, indeed the price of bitcoin continues to decline in the market and actually it is a natural thing if the market continues to be hit by negative sentiments like what happened right now, but to destroy bitcoin it seems that biden has no power over it.
So of course we don't need to be afraid or panic about what is being rumored, because as long as many people in the world believe and continue to make bitcoin transactions, of course bitcoin will continue to grow all the time.

[tygeade]

Biden regulation will of course greatly affect the global market, but I would never believe that bitcoin will be destroyed just because of what he did, indeed the price of bitcoin continues to decline in the market and actually it is a natural thing if the market continues to be hit by negative sentiments like what happened right now, but to destroy bitcoin it seems that biden has no power over it.
So of course we don't need to be afraid or panic about what is being rumored, because as long as many people in the world believe and continue to make bitcoin transactions, of course bitcoin will continue to grow all the time.

Biden could definitely cause the price to go down. He doesn't have the power to make it go away, nobody has that power, not even Satoshi has that power, satoshi could come up together and say that his bitcoin idea was bad and should be stopped and it is a shitty one, and people will ignore even him after a while.

What these type of things cause is just drop the price for a while, have a bear market, and then eventually but slowly go up once again. That is why these are all "short term bad news" and nothing more, you need to end up getting better at realizing that the long term trajectory of bitcoin is always up, no matter who does whatever.

[coupable]

None know about the market for sure. But, what happened over the start of the month is the result of increased usage and more inflow of funds. Slowly things could change and now thats what happening with the market.

The increased usage isn't the only reason imo for what happened in the market over the current month. One of the biggest change will occur by tomorrow if the European parliament will vote for banning mining activities for both bitcoin and ethereum. The news was published yesterday and the crypto community should be aware of this :
https://www.bloomberg.com/news/articles/2022-03-12/eu-near-vote-on-new-regulatory-framework-for-cryptocurrencies
https://www.ledger.com/blog-stand-for-financial-freedom-our-position-on-micas-proof-of-work-ban
 
The bitcoin market since its start is well known by its change and that it's always not that easy to explain the change if nothing big has happened right before that change.

[judeafante]

Biden could definitely cause the price to go down. He doesn't have the power to make it go away, nobody has that power, not even Satoshi has that power, satoshi could come up together and say that his bitcoin idea was bad and should be stopped and it is a shitty one, and people will ignore even him after a while.

What these type of things cause is just drop the price for a while, have a bear market, and then eventually but slowly go up once again. That is why these are all "short term bad news" and nothing more, you need to end up getting better at realizing that the long term trajectory of bitcoin is always up, no matter who does whatever.

Presidents, personalities, and influencers will come and go but Bitcoin and Cryptocurrency will continue to exist and evolve there's no stopping its progress and adoption we have passed uncertainties after more than a decade and so many predictions about Bitcoin's demise I don't think people will pay anymore attention whoever talk negative about Bitcoin, so Biden cannot make  Cryptocurrency to go away, he will be out in the presidency and Bitcoin will still be here.

[Beerwizzard]

None know about the market for sure. But, what happened over the start of the month is the result of increased usage and more inflow of funds. Slowly things could change and now thats what happening with the market.

The increased usage isn't the only reason imo for what happened in the market over the current month. One of the biggest change will occur by tomorrow if the European parliament will vote for banning mining activities for both bitcoin and ethereum. The news was published yesterday and the crypto community should be aware of this :
https://www.bloomberg.com/news/articles/2022-03-12/eu-near-vote-on-new-regulatory-framework-for-cryptocurrencies
https://www.ledger.com/blog-stand-for-financial-freedom-our-position-on-micas-proof-of-work-ban
 
The bitcoin market since its start is well known by its change and that it's always not that easy to explain the change if nothing big has happened right before that change.

Why is that a major issue? If they are banning only mining then impact should be minimal. Due to high electricity prices EU is not a popular place for mining (individual miners would probably keep mining illegaly). Therefore, we shouldn't expect a significant hashrate loses.
However, the issue is there are no positive news on the crypto market and in such moment even minor events can cause loses.

[coupable]

None know about the market for sure. But, what happened over the start of the month is the result of increased usage and more inflow of funds. Slowly things could change and now thats what happening with the market.

The increased usage isn't the only reason imo for what happened in the market over the current month. One of the biggest change will occur by tomorrow if the European parliament will vote for banning mining activities for both bitcoin and ethereum. The news was published yesterday and the crypto community should be aware of this :
https://www.bloomberg.com/news/articles/2022-03-12/eu-near-vote-on-new-regulatory-framework-for-cryptocurrencies
https://www.ledger.com/blog-stand-for-financial-freedom-our-position-on-micas-proof-of-work-ban
 
The bitcoin market since its start is well known by its change and that it's always not that easy to explain the change if nothing big has happened right before that change.

Why is that a major issue? If they are banning only mining then impact should be minimal. Due to high electricity prices EU is not a popular place for mining (individual miners would probably keep mining illegaly). Therefore, we shouldn't expect a significant hashrate loses.

From what i read recently, the Eurpean parlement aims to change the mining algorithm from POW to POS due to electricity high consumption and honesstly this is so ironic if the biggest parliament in the modern world doesn't know that it's impossible to change that algorithm by a political decision. However, the hashrate in all the union countries isn't that significant. fortunately, the law was refused after the majority of countries voted against it, and this what should explain the Bitcoin market recovery during the next days.

[ninis45]

USA regulations have never been in favour of bitcoin. Trump didn't support bitcoin, wouldn't be surprised if Biden do the same. Am sure of one thing, no regulation can stop bitcoin from soaring higher. Remembering that, gives me confidence and joy to acquire more bitcoin when the price depreciates

The positivity of crypto is also in the opposite direction with US technology stocks which have corrected again as investors await the Fed's decision on interest rates, but behind that, holders will remain optimistic even though Biden is not supported as a government apparatus and hopefully tougher regulations don't happen. because it will affect the fundamentals of bitcoin to go green

[STT]

Right now BTC has a good trend up but if it broke that then be cautious.  Personally Im bullish, I'll try to outline that in a picture but we need to overcome the prior range to really be more positive or we are most likely to simply repeat the boundaries of that range:

[Dave1]

^ If we broke, $42k-$43k then we could be bullish.

But as of now, it seems that volume is not that high, perhaps its weekend and traders taking a rest. Nevertheless, it's good to see the price is going above $40k and hopefully it can maintain it that way because I'm feeling nervous when we are about to enter the 3rd or 4th week of this month which usually the price goes down again.

[Taskford]

^ If we broke, $42k-$43k then we could be bullish.

But as of now, it seems that volume is not that high, perhaps its weekend and traders taking a rest. Nevertheless, it's good to see the price is going above $40k and hopefully it can maintain it that way because I'm feeling nervous when we are about to enter the 3rd or 4th week of this month which usually the price goes down again.

That will be the turning point of bitcoin and might we will see it break the $45k level and create a momentum since this could give a good hype to the people who's looking at bitcoin when its showing a bullish trend. But for now lets monitor if there's no big news which can disturb bitcoins growth especially on Ukrain and Russia issue  we might saw bitcoin may pump again.