The Bitcoin market is back on track

[imamusma]

Although we cannot know for sure where the market will move, especially the next bitcoin price. But I hope so too. Sometimes a correction is needed to muster more strength to enter an upgrade to a higher level in the next bull run. But today's altcoin market is becoming more erratic. the volatility sometimes on some assets is always the opposite of Bitcoin. although the majority follow bitcoin.

Correction is needed for bitcoin to find new support to grow stronger. Price volatility is to be expected as traders and investors have the opportunity to buy low and sell high and adjust their strategy accordingly. Bitcoin is difficult to predict because many factors make its price trend change in an instant, therefore every trader and investor must be careful and consider the risks before trading and investing.

[Uruhara]

Although we cannot know for sure where the market will move, especially the next bitcoin price. But I hope so too. Sometimes a correction is needed to muster more strength to enter an upgrade to a higher level in the next bull run. But today's altcoin market is becoming more erratic. the volatility sometimes on some assets is always the opposite of Bitcoin. although the majority follow bitcoin.

Correction is needed for bitcoin to find new support to grow stronger. Price volatility is to be expected as traders and investors have the opportunity to buy low and sell high and adjust their strategy accordingly. Bitcoin is difficult to predict because many factors make its price trend change in an instant, therefore every trader and investor must be careful and consider the risks before trading and investing.

So true. But for long-term investors, actually by looking at a larger timeframe, the current price can still be said to be a price that is still in the accumulation area. So we don't worry too much about the small movements seen through the larger timeframes. But for day traders, maybe those who always see more movement from smaller timeframes, of course, paying attention to the slightest movement will be very important to do. They can even take advantage of volatility to make short-term trades.

[imamusma]

Correction is needed for bitcoin to find new support to grow stronger. Price volatility is to be expected as traders and investors have the opportunity to buy low and sell high and adjust their strategy accordingly. Bitcoin is difficult to predict because many factors make its price trend change in an instant, therefore every trader and investor must be careful and consider the risks before trading and investing.

So true. But for long-term investors, actually by looking at a larger timeframe, the current price can still be said to be a price that is still in the accumulation area. So we don't worry too much about the small movements seen through the larger timeframes. But for day traders, maybe those who always see more movement from smaller timeframes, of course, paying attention to the slightest movement will be very important to do. They can even take advantage of volatility to make short-term trades.

Just like you said, long term investors are very likely to ignore short term price volatility and choose to focus more on much longer time frames while accumulating bitcoin. This is an investment strategy that should work when investors expect returns in the long term, but of course day traders can also take advantage of current market conditions to make some profits.

In the end, all of us have our own way of adjusting investment strategies and plans. I tend to expect returns over the long term rather than for shorter time frames, so it only makes sense for me to accumulate bitcoin and continue to do so consistently for as long as I have budget.

[globalpain]

Although we cannot know for sure where the market will move, especially the next bitcoin price. But I hope so too. Sometimes a correction is needed to muster more strength to enter an upgrade to a higher level in the next bull run. But today's altcoin market is becoming more erratic. the volatility sometimes on some assets is always the opposite of Bitcoin. although the majority follow bitcoin.

Correction is needed for bitcoin to find new support to grow stronger. Price volatility is to be expected as traders and investors have the opportunity to buy low and sell high and adjust their strategy accordingly. Bitcoin is difficult to predict because many factors make its price trend change in an instant, therefore every trader and investor must be careful and consider the risks before trading and investing.

Corrections are very important for a healthy market cycle, because since mass adoption began in cryptocurrencies,
the state of the crypto currency market is really better than 2017-2018 where now corrections are still on a normal path,
different from 2017-2018 the correction in that year was said not to be a correction but as a bubble.

[GeorgeJohn]

Although we cannot know for sure where the market will move, especially the next bitcoin price. But I hope so too. Sometimes a correction is needed to muster more strength to enter an upgrade to a higher level in the next bull run. But today's altcoin market is becoming more erratic. the volatility sometimes on some assets is always the opposite of Bitcoin. although the majority follow bitcoin.

Correction is needed for bitcoin to find new support to grow stronger. Price volatility is to be expected as traders and investors have the opportunity to buy low and sell high and adjust their strategy accordingly. Bitcoin is difficult to predict because many factors make its price trend change in an instant, therefore every trader and investor must be careful and consider the risks before trading and investing.

Corrections are very important for a healthy market cycle, because since mass adoption began in cryptocurrencies,
the state of the crypto currency market is really better than 2017-2018 where now corrections are still on a normal path,
different from 2017-2018 the correction in that year was said not to be a correction but as a bubble.

Do you know that many people people keep their hope on increment of bitcoin to come on 2024, but such a thing doesn't happen that way because bitcoin increase due the market demand, bitcoin doesn't on it own increase but it can only increases due the demanding rate, sometimes while bitcoin market go low is when nobody demand higher than the suppliers, so I believe that in bitcoin movement.

[Joshapat]

We can't say that the current Bitcoin price is on the right track, sometimes the price drops significantly and yesterday is almost under $ 26K, although the market can sometimes rise again but in my opinion the opportunity to drop is still easy to occur, This is what makes us must always be vigilant and often monitor market conditions .

[Silberman]

We can't say that the current Bitcoin price is on the right track, sometimes the price drops significantly and yesterday is almost under $ 26K, although the market can sometimes rise again but in my opinion the opportunity to drop is still easy to occur, This is what makes us must always be vigilant and often monitor market conditions .

Right now the price is ranging, however there is no way the current market conditions will last forever, at some point the price will have to take a direction and taking into account the historical records of bitcoin then most likely the direction will be downwards, now while this may sound like a bad thing this is only true for those that care about the short term performance of bitcoin, because for those that are thinking long term this will be the perfect chance to buy bitcoin for a low price.

[Dave1]

We can't say that the current Bitcoin price is on the right track, sometimes the price drops significantly and yesterday is almost under $ 26K, although the market can sometimes rise again but in my opinion the opportunity to drop is still easy to occur, This is what makes us must always be vigilant and often monitor market conditions .

Right now the price is ranging, however there is no way the current market conditions will last forever, at some point the price will have to take a direction and taking into account the historical records of bitcoin then most likely the direction will be downwards, now while this may sound like a bad thing this is only true for those that care about the short term performance of bitcoin, because for those that are thinking long term this will be the perfect chance to buy bitcoin for a low price.

It's called a breakout run, hopefully since we have been trading sideways for more than 8 weeks if I'm not mistaken, ranging from $26k-$30k, at least we should have a movement in the upside.

The highest price that we have peaked so far is around $31k this year, not that high and not that low either. And at least the bottom for this bear cycle has been doubled already. So maybe we could be looking at still around $50k at the end of the year in the upside. At least for me this is doable as usually at the end of the year we might see a good run in the price.

[rojan]

2023-04-14 14:00,
Bitcoin touched its all-time high of $31K which is the 2023 market high. When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.
Thinking like this, suddenly the market was running down gradually. At other times, the market usually goes down very slowly, but during this period, the market started to go down very quickly and gradually, on 23-04-24 at 22:00, the price of Bitcoin reached $26,942.

After reaching $26,942, the Bitcoin market started to turn positive again. And by today very quickly the Bitcoin market reached $30,036.  

Basically I do not understand the reason for so much volatility in the market. Is this volatility a good sign of the market or a bad sign of the market?

Bitcoin is a digital currency, its price always fluctuates. But we see this year the prices suddenly fell, then suddenly started to rise again. No one can tell when the price of Bitcoin will go up or down. But the price of Bitcoin is expected to go up a lot soon. According to many researchers, we will see a bull market very soon.

yes i also think the price of bitcoin may go up by the end of this year. but i can see the price of bitcoin is going up and down for several days. now the market price of bitcoin is 27000$. i don't understand the price of bitcoin above 30000$ Why not. Always almost in the same position. I have invested some money in bitcoin for which I am waiting for bitcoin price to increase now.

[taufik123]

-snip-
The highest price that we have peaked so far is around $31k this year, not that high and not that low either. And at least the bottom for this bear cycle has been doubled already. So maybe we could be looking at still around $50k at the end of the year in the upside. At least for me this is doable as usually at the end of the year we might see a good run in the price.

At the end of the year, $50k may be coming and on condition that Bitcoin is still able to hold the price above $20k.
When Bitcoin has been able to penetrate the highest price in recent months above $ 30k, that is good enough.
The strongest support is still in the $19k area and hopefully, it doesn't touch that price.

The end of the year and towards 2024 which is the year that the 4th Halving will occur, will hopefully have a positive impact on Bitcoin and enter into a bullish mode. We all know that every time before a Halving the price will get better and maybe reach a new ATH.

[Weawant]

We can't say that the current Bitcoin price is on the right track, sometimes the price drops significantly and yesterday is almost under $ 26K, although the market can sometimes rise again but in my opinion the opportunity to drop is still easy to occur, This is what makes us must always be vigilant and often monitor market conditions .

Bitcoin been on the right tracked doesn't mean it won't have some corrections like as we're experiencing. Bitcoin is holding strong despite all the sell pressure that has happened in the last weeks. It's trying to retest $30,000 again and when it doesn't that it'll continue increasing.

$30,000 is the major resistance, but I strongly see Bitcoin breaking that resistance this month and continuing to increase to $35,000 or as high as $40,000 before the year ends which is why, Bitcoin is on the right track for me.

If it touches that price before the end of the year then we should be expecting some correction as I don't see Bitcoin going beyond $45,000 to $50,000 as the predictions are on this thread. $40,000 is the highest before next year.

[Nrcewker]

We can't say that the current Bitcoin price is on the right track, sometimes the price drops significantly and yesterday is almost under $ 26K, although the market can sometimes rise again but in my opinion the opportunity to drop is still easy to occur, This is what makes us must always be vigilant and often monitor market conditions .

But why should we fear if our motive is to hold for long term. We already know Bitcoin’s capabilities. We know Bitcoins are limited in numbers, hence they are very valuable. Now we know that more Bitcoins cannot be produced if the demand to acquire it increases, hence to fulfil the demand the price will go up. So there are high possibilities that Bitcoins will break the record very soon. So don’t get distracted with these small price drops. Just have faith and wait.

[Falconer]

We can't say that the current Bitcoin price is on the right track, sometimes the price drops significantly and yesterday is almost under $ 26K, although the market can sometimes rise again but in my opinion the opportunity to drop is still easy to occur, This is what makes us must always be vigilant and often monitor market conditions.

But why should we fear if our motive is to hold for long term. We already know Bitcoin’s capabilities. We know Bitcoins are limited in numbers, hence they are very valuable. Now we know that more Bitcoins cannot be produced if the demand to acquire it increases, hence to fulfil the demand the price will go up. So there are high possibilities that Bitcoins will break the record very soon. So don’t get distracted with these small price drops. Just have faith and wait.

If everyone was as optimistic as you are about bitcoin in the long term, then its price volatility would be very low. But the truth is, everyone has different plans about investing and trading bitcoin and why they buy bitcoin. Without volatility, bitcoin is stablecoin, but because bitcoin is decentralized asset, everyone can trade it freely without control.

It's just that everyone should consider this volatility as something natural for assets that are freely traded 24 hours every days. Fluctuations will allow anyone to gain as well as cause them to lose, but due to the high demand for bitcoin and their scarcity, the price will only get higher in the long term.

[judaspriest]

2023-04-14 14:00,
Bitcoin touched its all-time high of $31K which is the 2023 market high. When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.
Thinking like this, suddenly the market was running down gradually. At other times, the market usually goes down very slowly, but during this period, the market started to go down very quickly and gradually, on 23-04-24 at 22:00, the price of Bitcoin reached $26,942.

After reaching $26,942, the Bitcoin market started to turn positive again. And by today very quickly the Bitcoin market reached $30,036.  

Basically I do not understand the reason for so much volatility in the market. Is this volatility a good sign of the market or a bad sign of the market?

Bitcoin is a digital currency, its price always fluctuates. But we see this year the prices suddenly fell, then suddenly started to rise again. No one can tell when the price of Bitcoin will go up or down. But the price of Bitcoin is expected to go up a lot soon. According to many researchers, we will see a bull market very soon.

yes i also think the price of bitcoin may go up by the end of this year. but i can see the price of bitcoin is going up and down for several days. now the market price of bitcoin is 27000$. i don't understand the price of bitcoin above 30000$ Why not. Always almost in the same position. I have invested some money in bitcoin for which I am waiting for bitcoin price to increase now.

yes we have to be patient if you have bought Bitcoin at $20k or $25k,
because in June the Bitcoin price can be bullish, I'm sure it's because China will enter the crypto market.
Relax, the chart shows bullish, so we also have to support it to hold bitcoin.

[ajiz138]

If everyone was as optimistic as you are about bitcoin in the long term, then its price volatility would be very low. But the truth is, everyone has different plans about investing and trading bitcoin and why they buy bitcoin. Without volatility, bitcoin is stablecoin, but because bitcoin is decentralized asset, everyone can trade it freely without control.

People are always different in thinking about bitcoin sometimes with a lot of people panicking it can cause the price of bitcoin to go down and people like that are not always optimistic about their belief in bitcoin they will never think of this as a long term investment because of uncertain certainty even though I am myself too still believe in bitcoin with high volatility but when the price is still low it is an opportunity to continue to buy as the best opportunity.

It's just that everyone should consider this volatility as something natural for assets that are freely traded 24 hours every days. Fluctuations will allow anyone to gain as well as cause them to lose, but due to the high demand for bitcoin and their scarcity, the price will only get higher in the long term.

Sometimes there are also those who don't understand the volatility that should be taken for granted, some of them still think that assets with high volatility are dangerous and it's clear that their beliefs are not fully optimistic about bitcoin, let alone with fluctuations that can occur at any time.
The supply of bitcoins will not increase and decrease while the demand for this should continue to increase considering the limitations of this asset so it is very possible that bitcoin will be more valuable in the long term then I will do it for HODL.

[_BlackStar]

-snip-

yes we have to be patient if you have bought Bitcoin at $20k or $25k,
because in June the Bitcoin price can be bullish, I'm sure it's because China will enter the crypto market.
Relax, the chart shows bullish, so we also have to support it to hold bitcoin.

Maintain your optimism if you really want to get returns in the long term. The price of bitcoin is very volatile which is what most are familiar with, so you have to be patient enough to wait for the best return on your investment even if there is good news about it.

Less than one year from now the bitcoin halving will occur. Increased market demand is expected, but you have to go through the process because price swings are bound to exist. Price correction is still possible when you analyze the chart, so you may need to prepare reserve budget to buy more if the analysis is correct.

[doomloop]

We can't say that the current Bitcoin price is on the right track, sometimes the price drops significantly and yesterday is almost under $ 26K, although the market can sometimes rise again but in my opinion the opportunity to drop is still easy to occur, This is what makes us must always be vigilant and often monitor market conditions .

Well, we can't say that because it is basically not on the right track, the price being on the right track would mean that it keeps going up gradually which is not what's happening lately with the price of Bitcoin, the market is mostly going sideways and dropping more than going up, so the signs are probably in the favor of a deeper dip at this point because it is not being able to hold it strong when it goes up a little bit.

I believe it will still take a few months for the price to get back on the right track, it was when the year started but then it started going sideways and correcting itself, and since then, it hasn't been able to recover from that, we may see some change only after 2023 or maybe within it.

[Orange89]

Ha just less than a year Left for Bitcoin halving currently we can see Charts & graph had some good liquidity, btc Resistance leval and Volume is looking pretty good it's like trend repeating itself btc at same resistance leval in 2019 a year before halving but still i must say we need to watch some upcoming month to knew better

Maybe we are seeing these green market due to whale buying btc hey that's only my assumption it's look like everyone is preparing before big event but on other side their a lot of things going crypto Company Filing Bankruptcy  and other centralised exchange like mexc is in rumours all such news from last 1 year almost effecting btc price somehow or other

[Kadal Ijo]

The market is out of track, since March when the hope that the price will continue to rise has not happened yet, the market continues to decline and makes us have to be patient, the best solution is to be patient because if we sell at the current price, of course we will make a loss, it's better to be silent and do something else for example cycling out of town and don't look at the price of the week.

[phantailaptopbl]

The market is out of track, since March when the hope that the price will continue to rise has not happened yet, the market continues to decline and makes us have to be patient, the best solution is to be patient because if we sell at the current price, of course we will make a loss, it's better to be silent and do something else for example cycling out of town and don't look at the price of the week.

it was when the year started but then it started going sideways and correcting itself, and since then,the market is mostly going sideways and dropping more than going up,The supply of bitcoins will not increase and decrease while the demand for this should continue to increase considering the limitations of this asset so it is very possible that bitcoin and because in June the Bitcoin price can be bullish, I'm sure it's because China will enter the crypto market.