tread93 (OP)
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April 11, 2023, 02:08:19 AM |
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Starting to look like one hell of a store of value for these FUD guzzling wussies!!!! Haha!
Suck on that one Peter Schif lmao. Jim Cramer rated BTC bearish maybe 🤔. USD going to absolute dog shit. Gold and silver are up and bitcoin is MOVING. LFG!!!
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MiF
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April 11, 2023, 05:31:12 AM |
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Starting to look like one hell of a store of value for these FUD guzzling wussies!!!! Haha!
Suck on that one Peter Schif lmao. Jim Cramer rated BTC bearish maybe 🤔. USD going to absolute dog shit. Gold and silver are up and bitcoin is MOVING. LFG!!!
yeah bitcoin is now 30k$ and i think it is the most awaited bull season, the comeback of the bull season from year 2021 let see what is the net movement and we also need to stay calm and be careful because we still don't know if it is still a bull run or a bull trap after this 30k$ price the next stop will be 35k$ and if it reach 35k$ then i conclude that bull run begin.
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dragonvslinux
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April 11, 2023, 12:31:00 PM |
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Starting to look like one hell of a store of value for these FUD guzzling wussies!!!! Haha!
Suck on that one Peter Schif lmao. Jim Cramer rated BTC bearish maybe 🤔. USD going to absolute dog shit. Gold and silver are up and bitcoin is MOVING. LFG!!!
yeah bitcoin is now 30k$ and i think it is the most awaited bull season, the comeback of the bull season from year 2021 let see what is the net movement and we also need to stay calm and be careful because we still don't know if it is still a bull run or a bull trap after this 30k$ price the next stop will be 35k$ and if it reach 35k$ then i conclude that bull run begin. The main irony I realise is that in 2021 and 2022 most remained bullish with Bitcoin above $30K, and that was an accurate statement until price broke below in May/June 2022. At least that's when it became clearer that the bull market was truly over. Whereas now with price breaking back above $30K the bullish sentiment isn't exactly universally accepted, in fact many bears remain sceptical despite the move. Let's not forget that the initial Luna-based capitulation started around $29K, and price has since reclaimed this level. It just goes to show that while selling into capitulation can be a strategy in order to accumulate at lower levels, it's only ever been a good short-term strategy, rather than long term. No doubt most people who capitulated below $30K failed to re-accumulate at lower levels anyway. Aside from the fact that $30K area was previous support for 18 months, the fact it was also the confirmation of a bear market when broken below could well mean it can act as a confirmation of a bull market with price back above and is therefore somewhat of a psychological level. There remains many similarities with the capitulation from $6K in 2018, and we all know what happened when price reclaimed $6K in 2019.
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BenCodie
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While it definitely makes sense seeing as Bitcoin was artificially hindered by the Terra and FTX debacles last year, it's unclear whether this is the big green candle or if it is a 2019-like run that will have its correction in the lead up to a later bull run. The only factors that I can think about that would mean that this run is not the true one, is the stops that the U.S will put in place to artificially strengthen the dollar in the short-term, or resistance at 30-40k+ levels. Skeptical is definitely the right word for it, though I have a feeling deep down that the disbelief is not warranted and that the growth should be embraced due to its cause being directly in line with what Bitcoin is all about.
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OgNasty
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April 11, 2023, 04:12:49 PM |
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I’m surprised that the price went through $30K and has been holding above it without a good sized pullback. That leads me to believe this rally still has legs. Somebody out there is snapping up all the BTC and just keeps buying. I do feel like we may see a pause at this level for a while to allow for some accumulation before the next leg up.
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Cryptomiles1
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April 11, 2023, 05:23:57 PM |
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I have been expecting the price to pull out since from last week seems there was no enough buying pressure making it to remain within the level of 27k to 28k for about somedays if not of 2 weeks there about. Today finally the stone was rolled off from its grave and we see +30k unstoppable, well let just watch and see because i know too well that we should be rejoicing for at least 70k to 100k if not of the past event and turbulence that drastically dropped down the price uncontrollably.
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pixie85
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April 11, 2023, 05:27:55 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FwcvAzwy.jpg&t=665&c=6albEUslQbdqOw) It was to be expected. I was one of the people who kept saying that bitcoin is undervalue sub 20 000 and that not buying it at 18 or 19 thousand is a waste, but people were so scared by FTX that doom and gloom mood prevailed for months. That said, I'll be surprised if we go past 35 000. 28-35 looks like a range we could stay for a while. The mood isn't bullish enough to take us back to the 40s. I have to find Gareth Soloway who kept repeating on Kitco and other channels for the last year that the bottom isn't in and that he's waiting for 10k to buy. He's going to need a pack of tissues.
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rhomelmabini
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April 11, 2023, 05:38:59 PM |
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While it definitely makes sense seeing as Bitcoin was artificially hindered by the Terra and FTX debacles last year, it's unclear whether this is the big green candle or if it is a 2019-like run that will have its correction in the lead up to a later bull run.
That's what I am thinking about considering the run and I'm not doubting that scenario and let's see in the coming days on how it will play out. Furthermore, this is really a good start and yeah this indicates that the bulls are back. I'm thinking a mini alt season run but if Bitcoin starts to correct then alts will totally bleed back.
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bitzizzix
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April 11, 2023, 05:46:52 PM |
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I’m surprised that the price went through $30K and has been holding above it without a good sized pullback. That leads me to believe this rally still has legs. Somebody out there is snapping up all the BTC and just keeps buying. I do feel like we may see a pause at this level for a while to allow for some accumulation before the next leg up.
I was also surprised when I saw the bitcoin price reached 30k and this was also my friend who told me, and the last time I saw the bitcoin price tended to be above 27k I didn't see it anymore. and the gradual increase in bitcoin that continues to occur makes bitcoin increasingly trusted by various groups, companies and others as a good asset to have. and i think bitcoin price will stop near 31k level in the near future and there will be a healthy correction to continue the next level.
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TravelMug
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April 11, 2023, 06:22:37 PM |
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Starting to look like one hell of a store of value for these FUD guzzling wussies!!!! Haha!
Suck on that one Peter Schif lmao. Jim Cramer rated BTC bearish maybe 🤔. USD going to absolute dog shit. Gold and silver are up and bitcoin is MOVING. LFG!!!
Those are perma-bears, so I expect them to really go full retard with their bitcoin predictions, lol. But yeah, we have jump to $30k++ because of the anticipation from the Feds that the rate hike at going to be minimal. So it's good news that's they the price suddenly took off from a dull $28k in the last 10 years to what we have right now. Maybe this bears will have to come up with another excuse to say that this is just temporary jump. But it's better to just ignore them, again, they are perma-bears or anti-bitcoin so just let them open their mouth. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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philipma1957
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April 11, 2023, 07:30:17 PM |
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I’m surprised that the price went through $30K and has been holding above it without a good sized pullback. That leads me to believe this rally still has legs. Somebody out there is snapping up all the BTC and just keeps buying. I do feel like we may see a pause at this level for a while to allow for some accumulation before the next leg up.
well cpi is out this week. next fed jump is may 1-3 if we do a 0.25 again I am thinking it helps btc a lot. Maybe 40k by may
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yhiaali3
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April 11, 2023, 07:57:19 PM |
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This is good news for everyone, Bitcoin is visiting the much awaited territory.
If we consider that the bottom was at approximately 16K, we will now have achieved a rise of about 95% from the bottom point. This is an amazing rise in just a few months.
Once again Bitcoin proves its strength and that it is the most reliable coin and a safe store of value in the long term, of course we are still at the beginning and we are expected to see a continuation of the rise over the coming months.
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Wiwo
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April 11, 2023, 08:02:24 PM |
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I’m surprised that the price went through $30K and has been holding above it without a good-sized pullback. That leads me to believe this rally still has legs. Somebody out there is snapping up all the BTC and just keeps buying. I do feel like we may see a pause at this level for a while to allow for some accumulation before the next leg up.
I agree with you, we may need some high liquidity to stay above that price of $30k+ for a while and while we are at that, we should consider some events because that is what will help us to prepare ahead of the next leg of the market, as we wait for what the next move and the direction Bitcoin is going to take we may have some troubles with price consistency at this point since it took bitcoin a long while to get to its present price. The whales will continue to accumulate more bitcoin as their journey along and wait for the next bitcoin market break out, while we expect price to increase we should also expect some level of market pull back at some point, since we cant continue in an uptrend price movement without some form of pull back at some point so we should be prepared for that too.
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STT
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April 11, 2023, 08:43:32 PM Last edit: April 12, 2023, 12:10:23 AM by STT |
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If it can do 30k it can go higher, there's no special volume at this level. 34k is my personal estimate for range top to present action, would be good to see it go the distance on this particular lap. We will need to pullback at some point to consolidate and confirm basically. Schiff estimates BTC should be in the hundreds as it has and always will have some base level of interest. By his own words he knows Dollar is falling apart at the seams, he never stops mentioning that yet he wont accept that BTC could be part of what appears in a modern world as some alternative to traditional FIAT. He is lacking technology experience or vision of how many people engage with a world economy for some their only engagement with a wider world would be via a mobile device. If they dont even read a newspaper but they do have access to BTC and ways to utilize this as a tool in their lives why presume gold is the only path. Doesnt really add up to only believe in one thing.
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coolcoinz
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April 11, 2023, 08:56:33 PM |
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I’m surprised that the price went through $30K and has been holding above it without a good sized pullback. That leads me to believe this rally still has legs. Somebody out there is snapping up all the BTC and just keeps buying. I do feel like we may see a pause at this level for a while to allow for some accumulation before the next leg up.
well cpi is out this week. next fed jump is may 1-3 if we do a 0.25 again I am thinking it helps btc a lot. Maybe 40k by may It would be great if we could keep this trend going. Usually the early period is choppy. When we go from bear to bull there's still a lot of early birds who want to get some cash just in case this is a fakeout. I don't think it is, but market psychology can create some unpredictable panic moves, 2019 rally being a good example. The longer we continue, the more people will change their attitudes. Probably if we went to 50k there wouldn't be any "it's a fakeout" guys left and we'd instantly test 60k. All those naysayers who were waiting for 10k bitcoin would finally go all in. Hey, if you can't buy cheap bitcoin, buy expensive one. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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Oshosondy
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April 11, 2023, 09:13:15 PM |
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Suck on that one Peter Schif lmao. Jim Cramer rated BTC bearish maybe . USD going to absolute dog shit. Gold and silver are up and bitcoin is MOVING. LFG!!!
I can't call USD to be dog shit, although the US government knows how to manipulate it, but USD still remain the world's strongest currency. It is better than most fiat which have more declination in price and value. If comparing bitcoin to dollar, I will choose bitcoin though, but we should still always not forget that bitcoin remain a speculative asset. Aside from the fact that $30K area was previous support for 18 months, the fact it was also the confirmation of a bear market when broken below could well mean it can act as a confirmation of a bull market with price back above and is therefore somewhat of a psychological level. There remains many similarities with the capitulation from $6K in 2018, and we all know what happened when price reclaimed $6K in 2019.
I too do not see any bullback for now, but we should not think that bullback may not happen at anytime, even if bitcoin got to over $40000, bullback is still possible and it can be very fast when it will begin. But I too is not expecting bullback for now and likely more bull market is possible.
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tread93 (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 11, 2023, 09:22:52 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FwcvAzwy.jpg&t=665&c=6albEUslQbdqOw) It was to be expected. I was one of the people who kept saying that bitcoin is undervalue sub 20 000 and that not buying it at 18 or 19 thousand is a waste, but people were so scared by FTX that doom and gloom mood prevailed for months. That said, I'll be surprised if we go past 35 000. 28-35 looks like a range we could stay for a while. The mood isn't bullish enough to take us back to the 40s. I have to find Gareth Soloway who kept repeating on Kitco and other channels for the last year that the bottom isn't in and that he's waiting for 10k to buy. He's going to need a pack of tissues. control. This meme though is amazing hahahah. I hope we can get enough gas to shoot up to the 40s but 30k a coin holding steady for a while is fine by me. I think we can break past that especially with this widespread banking panic
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GeorgeJohn
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April 11, 2023, 09:57:26 PM |
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I have been expecting the price to pull out since from last week seems there was no enough buying pressure making it to remain within the level of 27k to 28k for about somedays if not of 2 weeks there about. Today finally the stone was rolled off from its grave and we see +30k unstoppable, well let just watch and see because i know too well that we should be rejoicing for at least 70k to 100k if not of the past event and turbulence that drastically dropped down the price uncontrollably.
In this year market I think we are experiencing positivity in the market of bitcoin so I believe that bitcoin price we are expecting bullish market to occur in 2024, but the way I'm seeing bitcoin I believe that bitcoin fall again after experiencing increment within this range, because I'm expecting bitcoin to do better for acceleration next year, and since the existence of bitcoin it has not reached seventy thousand (70K) Before, but if it continues this drastic movement of additions of values in every month we step in, I believe that it might possibly reach to the previous point it was before it began to fall.
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Reid
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April 11, 2023, 10:51:03 PM |
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Yes, finally! Without the help of the popular billionaire, we can further as like this. $30k! I am more amazed because shit is happening left and right. FTX, more scams, and a lot of altcoins being advertised more than Bitcoin. I guess investors eyes are more open now. If they want a higher security asset then go Bitcoin, don't even think about risking it with an altcoin investment or an exchange ICO, or however they do offerings today. Bitcoin doesn't even need someone to push it up using popular names, it will just fly to the moon as long as there are supporters. This is good.
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Dr.Bitcoin_Strange
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April 11, 2023, 11:22:20 PM |
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The dollar has really lost value by about 12% against my local currency, which means it's really lost a great deal, but that's better for Bitcoin. I just woke up this morning to see Bitcoin trading above $30k1, it was unexpected to me and a good move. I hope it sees more movement as it has been able to hold strong above $30k since morning.
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