BITCOIN will rise

[FanEagle]

Russia is also considering adopting crypto specially Bitcoin so with Ukraine and Russia At war are now together wanting this adoption to happen?

So why does people need to believe in this system?

Spiking to 60k this soon wont happen but with this whole year? i  believe there is possibilities .

From what I read, it will not be like El Salvador where they will make bitcoin a legal tender, it will probably not be something close to that. I believe that they will probably find a way to get it accepted everywhere that wants it, and put a good legal groundwork for that as well.

People could still decline to use it if they want to, that is the difference between legal tender because in El Salvador, when you turn that to legal tender, it is legally mandated to offer that option as well, it would be like not accepting dollars in the USA, Russia will probably not go that route. But they will put some laws that will allow everyone who wants to use it to easily do it.

[Captain Corporate]

 I do believe that it could reach a level where it may become legal tender eventually but it is a risky move for Russia. Why? Because if they do it, then they would allow their citizens to both accept bitcoin as legal tender, but they would be also able to go around all the sanctions and start to slowly recover from this crisis they are in. Considering energy is something the world needs very much, they already hold so much power and combining that with crypto would be great for everyone in Russia.

 However, we all know that Putin is a dictator, so for them to actually reach a place where they allow citizens to use something decentralized, then how could Putin control everyone? He would have a hard time and people would be freer. Freedom is not something a dictator can offer you, he would want you to get worse and worse and less freedom so that he could control you. So it is a double-edged sword.

[TravelMug]

Russia is also considering adopting crypto specially Bitcoin so with Ukraine and Russia At war are now together wanting this adoption to happen?

So why does people need to believe in this system?

Spiking to 60k this soon wont happen but with this whole year? i  believe there is possibilities .

From what I read, it will not be like El Salvador where they will make bitcoin a legal tender, it will probably not be something close to that. I believe that they will probably find a way to get it accepted everywhere that wants it, and put a good legal groundwork for that as well.

People could still decline to use it if they want to, that is the difference between legal tender because in El Salvador, when you turn that to legal tender, it is legally mandated to offer that option as well, it would be like not accepting dollars in the USA, Russia will probably not go that route. But they will put some laws that will allow everyone who wants to use it to easily do it.

But it will be just half-baked if they will go to that route, for me it's better to make it legal tender or not, no middle ground for the Russians and their government. Their money doesn't worth anything inside and outside and the only way they will get value on it if they turn into bitcoin to hedge it. So there could be possibility that the government might consider 100% make it legal to help their constituents to survived in this war.

[bitterguy28]

Russia is also considering adopting crypto specially Bitcoin so with Ukraine and Russia At war are now together wanting this adoption to happen?

So why does people need to believe in this system?

Spiking to 60k this soon wont happen but with this whole year? i  believe there is possibilities .

From what I read, it will not be like El Salvador where they will make bitcoin a legal tender, it will probably not be something close to that. I believe that they will probably find a way to get it accepted everywhere that wants it, and put a good legal groundwork for that as well.

Ohh I see, I have not come across that legalities but at least we are looking for something like acceptance and with that Bitcoin using will not be illegal again and this is a good start for another countries trying to get closer crypto.

People could still decline to use it if they want to, that is the difference between legal tender because in El Salvador, when you turn that to legal tender, it is legally mandated to offer that option as well, it would be like not accepting dollars in the USA, Russia will probably not go that route. But they will put some laws that will allow everyone who wants to use it to easily do it.

Even if it is mandated still it is not Obligated for the people of EL Salvador to use bitcoin meaning what would be the difference between what EL Salvador has or if what Russia and Ukraine wont happen.

[endut15]

The upside potential is always there, and we only need a short time to see more massive growth. So do not be surprised if the Bullish season is now happening again. However, it is not entirely certain. Due to several other potentials, it is easy to try to manipulate the price. As with other factors where adoption is now coming, starting from Ukraine which has opened up space for crypto, especially Bitcoin, then US policies which he says will not complicate crypto policy at the time of the economic court parliament.

This in my opinion is very contradictory, because the price of BTC is not only going up or down "not pessimistic" but this is a very definite step. even today the BTC price looks like a very slow FIAT price movement.
if considered as an iceberg phenomenon, it can be considered possible, but many influences and reasons, even traders generally analyze prices only by chain analysis which is considered the easiest to ignore the world's economic and political interests. because this only affects the price in the figure of 1 to 10%.
Optimism will arise when the easy way will yield current profits.

[Oceat]

I can't tell exactly what would be the price after this slight pump today since it looks like $40k is the new resistance but the question now is... What would be the peak of this? I'm not sure if the rumored $100k is true but whatever it comes or the price result we should always be prepared just in case if it is a bull trap. Always make a decision that serves as the best as we can and don't get lost with the market movement since it's always unpredictable.

[lenovop-70]

If I look at your data it looks like yes, we are ready for next Bullish period, I hope so, it's been too painful to walk in Bearish for some time.
But I feel that the issue of war and the issue of the American economy is still haunting our journey, I mean they could create dramas and make this initial Bullish wind fail to continue, I am afraid of that.

[maydna]

If I look at your data it looks like yes, we are ready for next Bullish period, I hope so, it's been too painful to walk in Bearish for some time.
But I feel that the issue of war and the issue of the American economy is still haunting our journey, I mean they could create dramas and make this initial Bullish wind fail to continue, I am afraid of that.

You don't have to be afraid because there is a possibility that the bulls will come back to the market this year. Coin prices in the market are also starting to increase, although not significantly, but bulls could come back shortly if the situation is like this. War problems and economic problems may continue, but that doesn't make the crypto market fall, but people will switch to crypto, and if that happens, the adoption process will be bigger. There will be more people who start adopting crypto and stick with fiat to make transactions.

[South Park]

The data seems showing that long term investor still didn't dump their bitcoin, and perhaps that orange line is the proof that they still keep adding more when the price of bitcoin is going down because TBH the data of shorterm is really bearish but when it comes long term it seems there's no changes despite of the situation and still showing a good trend.

So IMO probably not yet, i mean we need to analyse the market more especially in different frames to see the real potential of bitcoin this year.  And that first image isn't a strong evidence as long as there's no sign in short term as well. Just saying

During the past years a great deal of coins have gone from the hands of enthusiasts that could be easily scared about the movements in the price of bitcoin to people that are more determined to hold their coins for the long term. This partially explains why the volatility in the price of bitcoin has gone down a little bit and why despite the crash that we saw from its ATH things did not got as bad as they did at the end of 2017 so I think that what we are seeing about the drop in the amount of coins that exchanges are holding can be attributed to this fact as well.

[Chato1977]

When you called HOLDER do they really bought Bitcoin to Keep for long or just waiting for the timing to sell out? because if this is what the intention behind those increase then i believe that this is not worth to tackle.
as in the end they are also a Buy and Sell account and not here to trust and use crypto .

[Marvelman]

When you called HOLDER do they really bought Bitcoin to Keep for long or just waiting for the timing to sell out? because if this is what the intention behind those increase then i believe that this is not worth to tackle.
as in the end they are also a Buy and Sell account and not here to trust and use crypto .

To be honest, probably every investor who has ever bought Bitcoin has also some plan to "cash out" at some point, meaning they will liquidated their coins at some point and move on to something else or wait for the market price to fall enough to re-buy. There is nothing wrong with that , especially when you think about the long term, as long as you re-buy in good timing!
Also, it's really a big misunderstanding, especially with newbies, that some HODLER won't sell for the long-term and will keep holding for the entire lifespan. Well, in reality that's not what happens.

[Jating]

When you called HOLDER do they really bought Bitcoin to Keep for long or just waiting for the timing to sell out? because if this is what the intention behind those increase then i believe that this is not worth to tackle.
as in the end they are also a Buy and Sell account and not here to trust and use crypto .

To be honest, probably every investor who has ever bought Bitcoin has also some plan to "cash out" at some point, meaning they will liquidated their coins at some point and move on to something else or wait for the market price to fall enough to re-buy. There is nothing wrong with that , especially when you think about the long term, as long as you re-buy in good timing!
Also, it's really a big misunderstanding, especially with newbies, that some HODLER won't sell for the long-term and will keep holding for the entire lifespan. Well, in reality that's not what happens.

Of course, sooner or later, those holders are going to cash out specially if they have profited that big already. But it takes years though, not months to become a HODLER and it's very tough for the majority of us.

As for the discussion whether the price will rise or not, short term, it seems that we are increasing by the day but we want the price to go as high $50k and see how it goes. If we touch another all time high again, this will be the first as we thought that we are already in a bearish cycle.

[Dhaniii]

If I look at your data it looks like yes, we are ready for next Bullish period, I hope so, it's been too painful to walk in Bearish for some time.
But I feel that the issue of war and the issue of the American economy is still haunting our journey, I mean they could create dramas and make this initial Bullish wind fail to continue, I am afraid of that.

You don't have to be afraid because there is a possibility that the bulls will come back to the market this year. Coin prices in the market are also starting to increase, although not significantly, but bulls could come back shortly if the situation is like this. War problems and economic problems may continue, but that doesn't make the crypto market fall, but people will switch to crypto, and if that happens, the adoption process will be bigger. There will be more people who start adopting crypto and stick with fiat to make transactions.

The price of bitcoin has continued to hover in recent weeks and is still holding above $40k, this week's price gains extending a surge after the Federal Reserve's announcement that it would raise interest rates for the first time in three years. so in the future it is likely that many investors will start to adopt it again after some time ago the price of bitcoin fell sharply.

[Rana590]

If I look at your data it looks like yes, we are ready for next Bullish period, I hope so, it's been too painful to walk in Bearish for some time.
But I feel that the issue of war and the issue of the American economy is still haunting our journey, I mean they could create dramas and make this initial Bullish wind fail to continue, I am afraid of that.

You don't have to be afraid because there is a possibility that the bulls will come back to the market this year. Coin prices in the market are also starting to increase, although not significantly, but bulls could come back shortly if the situation is like this. War problems and economic problems may continue, but that doesn't make the crypto market fall, but people will switch to crypto, and if that happens, the adoption process will be bigger. There will be more people who start adopting crypto and stick with fiat to make transactions.

The price of bitcoin has continued to hover in recent weeks and is still holding above $40k, this week's price gains extending a surge after the Federal Reserve's announcement that it would raise interest rates for the first time in three years. so in the future it is likely that many investors will start to adopt it again after some time ago the price of bitcoin fell sharply.

For adopting Bitcoin, encourage from government can help a lot. Investment on Bitcoin is profitable and it has a bright future. If we adopt Bitcoin and use for regular basis then price of Bitcoin will be rising continuously.

[Mamun74]

Yes,Bitcoin will rise again.Bitcoin price is continue rising. Previous week bitcoin price was Around $42k+ but This week bitcoin price average $47k+.I hope bitcoin price will more increase end of march.Previous year same bitcoin price touched $68k+.I hope this year bitcoin price will be reached $70k+.

[cryptomaniac_xxx]

Yes,Bitcoin will rise again.Bitcoin price is continue rising. Previous week bitcoin price was Around $42k+ but This week bitcoin price average $47k+.I hope bitcoin price will more increase end of march.Previous year same bitcoin price touched $68k+.I hope this year bitcoin price will be reached $70k+.

We did rise to $48k++ but it seems that the price goes down a bit in the last 24 hours, registering around $47,200. But still a good price if we are going to look at the history. Because since the all time high in November, the price has suffered a lot.

But it is still a long way to go before we can hit $60k or higher again. We may have to face another strong resistance at $50k, so that is the price the we need to look at before looking for any higher prices in the future.

[South Park]

Yes,Bitcoin will rise again.Bitcoin price is continue rising. Previous week bitcoin price was Around $42k+ but This week bitcoin price average $47k+.I hope bitcoin price will more increase end of march.Previous year same bitcoin price touched $68k+.I hope this year bitcoin price will be reached $70k+.

We did rise to $48k++ but it seems that the price goes down a bit in the last 24 hours, registering around $47,200. But still a good price if we are going to look at the history. Because since the all time high in November, the price has suffered a lot.

But it is still a long way to go before we can hit $60k or higher again. We may have to face another strong resistance at $50k, so that is the price the we need to look at before looking for any higher prices in the future.

It seems the bulls have exhausted their energy already and now the price is at 46k, now this is not a bad level to be in as we are close enough to the 50k level that we could begin to see the bulls attacking it during the whole month of April and eventually surpassing it as we break through the resistance of the bears, but it is not going to be easy to do as the 50k resistance is proving to be even more difficult than we thought, so it is possible we may even have to wait until May to see bitcoin surpassing the 50k psychological barrier.

[GeorgeJohn]

If I look at your data it looks like yes, we are ready for next Bullish period, I hope so, it's been too painful to walk in Bearish for some time.
But I feel that the issue of war and the issue of the American economy is still haunting our journey, I mean they could create dramas and make this initial Bullish wind fail to continue, I am afraid of that.

i think we are getting out of bearish market gradually, Bitcoin price is stabilize this time and i might say that one of the concerns or reasons while bitcoin is been stagnant and fluctuating is because of the war that occur, no more investors that's is coming in the market that will bump the market, rising is determine by the market supply and demand which no one knows when it can happen, so the turn of investors skyrocket the price

[gantez]

If I look at your data it looks like yes, we are ready for next Bullish period, I hope so, it's been too painful to walk in Bearish for some time.
But I feel that the issue of war and the issue of the American economy is still haunting our journey, I mean they could create dramas and make this initial Bullish wind fail to continue, I am afraid of that.

i think we are getting out of bearish market gradually, Bitcoin price is stabilize this time and i might say that one of the concerns or reasons while bitcoin is been stagnant and fluctuating is because of the war that occur, no more investors that's is coming in the market that will bump the market, rising is determine by the market supply and demand which no one knows when it can happen, so the turn of investors skyrocket the price

The little rise now in bitcoin may be explained to be the consideration that some countries are trying to use bitcoin as legal. No doubt now the bear is going away and bull is waking up and maybe in next few weeks, the price can keep increasing. Many other countries are looking the way of bitcoin for the country and this helping the possibility of it adoption.

[Sled]

On-chain data on glassnode shows:
Shocking bitcoin supply on centralized exchange, less and fewer bitcoins are stored and traded on CEX exchange.
The number of holders from 1-10 BTC has increased a lot (orange line) in the past 2 weeks.
The market has endured more than 4 months of decline, are we preparing for a new bullish season?
...

Well, the chart indicates something that might happen someday however, we can't be 100% sure about it. Yes, we can assume a market surge and a new ATH. Perhaps, the market is slowly moving upward, and it looks like we are moving now to the bullish side. Actually, I could really feel it as the market sentiment showed such a continuous increase compared to last week.

are we preparing for a new bullish season?

I guess we think have to miss buying this time as bullish will never tell us when it comes.