What's next for cryptocurrency?

[auy]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

[mk4]

I'm not saying that this isn't bullish, but we were literally at like $25,000 a month ago. Probably not a good idea making long term bullishness/bearishness decisions over a $2000 price increase in a single day.

What do I know though, I don't really do TA.

[livingfree]

So,friends
What do you think about today for cryptocurrency?

I'd say that this is just another normal movement and day for the market.

What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Since IMO it's just like another day for the market, it could be the beginning or it could just be a trap. We've seen this plenty of times and don't be overjoyed when you see it recover like this way.

Because the faster that it moves like this, the tendency of it to correct faster is also there.

[Oshosondy]

You can hold bitcoin for years and let your asset's worth grow the more, it is never still late to hold.

This time, I am thinking that bitcoin may not make it more than $25000 before going back to $20000. I expect bitcoin not to fall below $17000 though.

[dothebeats]

I had a friend whom I warned that shorting bitcoin at this point in time will be a very unwise move because the price action has been stimulated to the positive side. He didn't listen, and he still shorted bitcoin like hell and constantly bugs me asking for affirmation re: bitcoin's price going down. He lost $3000 just this day due to not looking at market conditions and not checking other traders' sentiments before he decide to make his own plans. He's only trading for 5 months and he's learned a somewhat expensive lesson.

At this point, I wouldn't bet against bitcoin getting some appreciation in price. We've been in the reds for over 2 weeks now and the market is just asking to get some greens for a short time.

[Franctoshi]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

I think that this isn't yet the turning point of the Bitcoin and the crypto market right now, but what I do think in my opinion and what is about to happen to the price of Bitcoin is a move that is likely going to get us towards the $30k price level, with the weekly candle double bottom forming and plus the Ethereum merge event coming up on the 15th of September, all this is likely going to put us in that $30k price target, then right after that I do think that the "sell the news" event will occur and same time with the Federal Reserve meeting and thier decision on interest rate hyke on 21/09/2022, could pull back the market and maybe a grab of liquidity around the $18k-$17.5k, because the smart money guys like the double bottom a lot and that grab of liquidity could potentially put Bitcoin to test the $12k it monthly order block, where do see the market to be very much exhausted and we could finally see the bottom of the market.

upload pic

[xzy887]

I had a friend whom I warned that shorting bitcoin at this point in time will be a very unwise move because the price action has been stimulated to the positive side. He didn't listen, and he still shorted bitcoin like hell and constantly bugs me asking for affirmation re: bitcoin's price going down. He lost $3000 just this day due to not looking at market conditions and not checking other traders' sentiments before he decide to make his own plans. He's only trading for 5 months and he's learned a somewhat expensive lesson.

At this point, I wouldn't bet against bitcoin getting some appreciation in price. We've been in the reds for over 2 weeks now and the market is just asking to get some greens for a short time.

The market is not fixed yet. It is a fake pump. The pumping of BTC is just a trap of BTC, because many people will open short in this pump and those who open this short will make BTC liquidity. Therefore, because of this pumping, no one will open short now. If the market is better, then they can get more profit now. In my opinion it is better to do nothing.

You can hold bitcoin for years and let your asset's worth grow the more, it is never still late to hold.

This time, I am thinking that bitcoin may not make it more than $25000 before going back to $20000. I expect bitcoin not to fall below $17000 though.

Hold the BTC. But don't let it take over your life. It is not a problem that you invest in crypto currency but besides that you work in any job or any company so that your life goes well. You have to remember that you have a life apart from your crypto currency. So use your extra money to invest in crypto so that even if bitcoin goes down, you won't lose anything, because you want to hold bitcoin for a long time.If you can hold Bitcoin very tightly then you can profit. Because between 2023 and 2024, Bitcoin can hit $100,000.

[stomachgrowls]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

No one really knows as always!

There's no assurance that this would be the start of bullish season.There's no assurance that this would signal out to have a recovery but one things for sure that to those who had able to
buy on 19k price below are making some profits on short time period.If you do accumulate bitcoin and holding up just for long term then any price wont really be that much an issue.
When you do deal here on crypto space then you should really make yourself prepared on whatever price condition you would able to encounter.
This had been always been unpredictable, if you do make yourself do easily panic then you wont really be able to make yourself that able to think
on what actions will really be making.

[ShowOff]

-snip-

I think your two image have completely covered my entire monitor screen, would you be willing to resize it smaller for a more comfortable view?

I haven't thought about $30K yet because the most realistic target right now is to see bitcoin hit $25K. If bitcoin breaks this resistance, then I believe the price could go higher if there isn't a lot of selling pressure. So, next is to expect bitcoin to break the $25K resistance where $20K is a strong support.

[BitMaxz]

Mostly bullish season started after block halving but right now it's hard to predict when will be the next bullish season.

The movement price today is different compared to the past.

However, you can monitor and analyze the current price movement if your purpose is to make a profit you can buy then sell later.

And actually, no one knows what will be the next price of BTC. If you don't know how to analyze the market there is a source with full of guides where you can learn about TA and FA here https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

[South Park]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

So far the only thing that we can conclude from this is that this is a positive correction for bitcoin and a movement in the right direction in order to avoid another crash happening, we cannot really say that this is the beginning of a bullish movement, maybe it will be, but this is impossible to tell after a single day of a recovery, so the only thing that you can do is to be patient and wait to see how the market develops from now on.

[ololajulo]

It is a long test of patience in the bear market, If you are willing at the moment to buy, you can buy but will just advice to buy a small percentage incase we test the lower soon. I believe that we will see a leg or 2 down, this occurrence is not new, it happens regularly in the cycle. Bitcoin has always been profitable even if you buy at an ATH, so any time of purchase is good deal

[ultrloa]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Even if we see some good movements happening on bitcoin right now we still cannot conclude that we will continue to see a bullish movement from it since there still possibilities for another collapse. That's why it always good to have market tracker or always check your charts so that we can see the possible outcome on what possible may happen in future.

[DoublerHunter]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

^ It is a natural spike, I don't even see there is a bullish period coming.
I am not good in TA but I usually predict the market price through the FA analysis which is there is a point that good news will affect the BTC price.
However, though we all know that the BTC price is unpredictable, I am glad to see if there is the opposite outcome of what I have expected, people always love to see the market becomes bullish but as an investor, they are waiting for the heavy correction.

[samcrypto]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Bullish trend will only start if we are able to break another resistance for BTC, and right now BTC is trying to reach that point again but if we failed to do so, we can say that bear is still winning. Cryptomarket is good today along with the altcoins that are pumping right now, it can bring positive impact for long term and playing long can be a good strategy as well. We might still see the real bottom for this trend, stay cautious and prepare for a possible strategy on how you approach the market once it crash again, not being pessimistic here but bear is still here so any dump are still possible to happen.

[Captain Corporate]

I %100 wholeheartly think that its going to be a bull period for sure. I am not saying that it won't ever have any more drops, it could have drops here and there, but that doesn't mean that we can't have any type of increase and bull run in the long run. It looks like the start of a great bull run and I believe that we should be in support of that increase to come and I think its on the way. The recent moves show that the bottom was found and even when people try to do that we are on the path to do that. I am not saying that we will succeed or fail, I can't know that, but at least I am hoping that it could be done.

[serjent05]

So,friends
What do you think about today for cryptocurrency?

Cryptocurrency is still in bear market and I think we have to wait for another six months to witness the market transition.

What do you think,is it the beginning of a bullish period?

I don't think this is the beginning of the bullish period.  There is yet to be good news to push the reversal.  All I know is that the purchasing power of a dollar is weakened reason why the Bitcoin price recovers slightly.

Looks like a good correction in a positive direction

We don't know, I do hope another relief rally happens this month.  At least it will give the Bitcoin market a bullish sentiment which may help in giving hype to the market.

[Scripture]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

The next target is to continue breaking the resistance, BTC tried to do that multiple time but failed to break it and right now with a hope of this new trend, BTC is aiming for a new peak for this trend again. If we are bale to touch $22k and go beyond that, we might see Bitcoin at $25k before the month end. Anyway, this is useless if you are not accumulating, so better to join the market trend now and if you see the price is reasonable to buy, better to do so.

[bhooscream]

What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

No, I don't think that this is the sign of the early bullish, this increase is just a market pump for a while and I believe that there will be another dump market again, even if they are market corrections or other situations. In fact, the bearish market is still ongoing and will continue.
We are too early if saying this as a signal for bullish era if every time the market rising up. What we can do is if we are trading for short term, this market condition may be the right way to take profits for a while, but if we are long term holders, we can just see and wait whether there may be another market correction again or not. In this case, we must be able to utilize very time of the market condition wisely and very well.

[electronicash]

So,friends
What do you think about today for cryptocurrency?
What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

I think that this isn't yet the turning point of the Bitcoin and the crypto market right now, what I do think in my opinion and what is about to  happen is a move towards the $30k price level with a week double bottom pattern and coupled with the Ethereum merge event coming up on the 19th of September will put us in that $30k price target, then after that I do think that the "sell the news" event will happen plus the Federal Reserve meeting and decision on interest rate hyke on 22/09/2022 event could pull the market back and a grab of liquidity will occur, because institutional traders like the double bottom a lot and that grab of liquidity could put Bitcoin to test the $12k it monthly order block, where the will be very much exhausted and we could finally see the bottom of the market.

upload pic

you are scaring us  

there could be truth to this because when the pump in the previous week where price touches $24k, but the charts doesn't look like it pivot to turn the market up to start a bull run. we have a long way to go still and the crisis all over the world may affect that BTC price. there is even a US congress  bill that could lead to BTC mining ban.