The Bitcoin market is back on track

[Patrol69]

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?

[1714611075]

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[1714611075]

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[Obito]

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?

Volatility is a bit of both, it's good that the market is volatile because when prices go down suddenly, you can get in at a lower price and because of the volatility, there's a chance it will go up and you making a profit and it's a bad one especially if you're a panic seller because volatility causes unhinged emotions to go off rails and make you decide unreasonable things when you're in the market like panic buying or selling.

[Rigon]

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.

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 market all-time high is $69,000. But in 2023, $31000 is the maximum. It is not possible for Bitcoin to go from $31k to $100k. Bitcoin won't reach $100k as easily as we think. Here we have to see a lot of volatility in the market for Bitcoin to reach $100k. Maybe by 2023 Bitcoin can take position between $40k to $50k dollars. But such market volatility can be good or bad. But we do not accept that this instability will lead to good. But we have to remember that we have to move forward with this instability of the market.

[Solosanz]

Bitcoin market all-time high is $69,000. But in 2023, $31000 is the maximum. It is not possible for Bitcoin to go from $31k to $100k. Bitcoin won't reach $100k as easily as we think. Here we have to see a lot of volatility in the market for Bitcoin to reach $100k. Maybe by 2023 Bitcoin can take position between $40k to $50k dollars. But such market volatility can be good or bad. But we do not accept that this instability will lead to good. But we have to remember that we have to move forward with this instability of the market.

Now Bitcoin price is almost hit $30K and you have predicted the Bitcoin price in the end of this year will take around $40K to $50K, how you can still say such volatility can be bad? Everyone are accepting instability of Bitcoin price, if someone can't accept it, he shouldn't invest in the first place. This is not only invest in Bitcoin, but the other assets too e.g. precious metal, real estate, stock because those assets price are having their own volatility too.

[Zaguru12]

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?

Just like what the old bitcoiniers called this period a “bull trap” I think the recent volatility of bitcoin causing it to jump and down in thousand within period of hours is partially due to the much anticipated halving of the new halving coming up. The dump of price actually happens with the crises exchanges are facing recently, the top one is that with the SEC failing to agreement with some of these exchanges. This has somehow created panic in the markets. Also the relaxation of crypto regulations or ban in countries like China also plays its part.

But the major thing causing this excess volatility is the panic around the halving, some people are withdrawing there funds after meeting first year quarter target and others are accumulating fast when a little drop happens for the next halving. This two to me are what drive the market right now. Should this panic reduces after halving we will have moe less a little stable market before the next. So it is a good sign

[Litzki1990]

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.

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 market all-time high is $69,000. But in 2023, $31000 is the maximum. It is not possible for Bitcoin to go from $31k to $100k. Bitcoin won't reach $100k as easily as we think. Here we have to see a lot of volatility in the market for Bitcoin to reach $100k. Maybe by 2023 Bitcoin can take position between $40k to $50k dollars. But such market volatility can be good or bad. But we do not accept that this instability will lead to good. But we have to remember that we have to move forward with this instability of the market.

None of us know in advance how the market can actually go this year. As you guessed that Bitcoin market will reach between $40Kto $50K this year it is all but your imagination.  Maybe it's the opposite of what you think. the price of Bitcoin may fall further this year. 
The price of Bitcoin is completely dependent on the market.  But I think more volatility in the market is not good. I have seen several times with Bitcoin that when the value of a coin increases very quickly, the value of the coin decreases very quickly after a few days. No matter what we say about the market, we have no choice but to wait until the end

[boyptc]

This more likely a thread that belongs to Speculation. --> https://bitcointalk.org/index.php?board=57.0

Basically I do not understand the reason for so much volatility in the market.

Honestly, we don't need to understand any reason for bitcoin's volatility. That's just a common feature of what bitcoin has and that's to become volatile at all times.

Is this volatility a good sign of the market or a bad sign of the market?

Concerning someone's worry, actually volatility is a sign of opportunity for those who take risks.

[Frankolala]

First Republic Bank shares tumbled 50% on Tuesday after the San Francisco lender revealed a dramatic slump in deposits. ,it is a sign that another US bank is yet to collapse. Investors withdrew $100b from the bank due to the fear that FRB will collapse. US government is planning to inject more money  into the economy to cover up this from becoming a problem to the economy. This action of printing more money will only ignite more inflation.

This has made investors to see bitcoin as a digital gold and store of value to invest their funds into bitcoin, since fiat currency is depreciating. This is the reason of the sudden pump in price today. Bitcoin investors are happy for making a wise choice of investing into bitcoin which cannot be influenced by the government of individuals, as it has serve as a store of value and an assets. I believe that the price of bitcoin will keep on pumping since the secrete has been revealed to investors that fiat and the banks are scams,but bitcoin remains the only option. I see bitcoin price hit above $100k between late 2024 to early 2025.


https://www.coindesk.com/markets/2023/04/26/bitcoin-inches-toward-29k-cardano-leads-gains-among-crypto-majors/

[tbct_mt2]

With daily, weekly, monthly or even quarterly candles, you will see lot of volatility and big ups and downs. I am sure many of us will feel panic with the tables
Bitcoin history price in monthly returns and quarterly returns

Checkonchain has two charts for monthly and quarterly retracement.
https://checkonchain.com/btconchain/monthlyreturns_pricing_usd/monthlyreturns_pricing_usd_light.html
https://checkonchain.com/btconchain/quarterlyretrace_pricing_usd/quarterlyretrace_pricing_usd_light.html

If you see it long term, you can see yearly candles and you will see Bitcoin is uptrend very clearly and it is on the right track year by year.

[sokani]

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?

Well it's good to see the chart beginning to spike up again and pushing towards $30k price mark after a lot of speculations in regards to the downward movement. But I won't be carry away by this as I believe this to be a bull trap and it might take a deep again. The deep is still a good opportunity for people to get in and grab some bags and hodl for the bull run.

[cabron]

The sudden movement of prices makes traders lose the chances of buying at the lowest possible. If they expect the price to go lower because the indicators they were using say so, they will wait but suddenly breaks their heart upon seeing the price already soar yet they have not bought.

The ideal chart to use in this kind of market is the 4hour chart. Fair to see where the bottom is. Good to see though that the bull market continues.

[Bananington]

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

This year has been projected to be a good year for bitcoin, and whatever we see now is a result of those projections. Some people have also mentioned that after all this upward movement of bitcoins that there will still a very nasty dump before the next year's halving.

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?

The bitcoin market is very volatile, you should be aware before you choose to invest in it. It is due to this very high volatility that has attracted many investors to bitcoin because high volatility provide better opportunity to make better profit unlike low volatility investments with lesser chances to make big profit. Volatility can also be the reason for some people's loss, volatility is good and bad.

[Lorence.xD]

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?

We could predict and analyze all we want but there's no accurate value that we can say in the Bitcoin's worth. Bitcoin's volatility is the reason for people to have opportunities to enter the market or sell. It's volatility one of the reason why it reached its current price so surely it's a good sign. Because if it's value stable then there's no progression for anyone it's either they hold for sell or wait for dump in buying.

[wahyuagung26]

 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?

Maybe regarding Volatility we can't say whether it's big or small, but the signs we got seem to provide an opportunity for those who want to enter the market. To be precise, we don't know the significant level that will occur in the market. the highest price Bitcoin has experienced so far this year may just be $31k and rising to $100k quickly seems like a big target.

[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?

Well it's good to see the chart beginning to spike up again and pushing towards $30k price mark after a lot of speculations in regards to the downward movement. But I won't be carry away by this as I believe this to be a bull trap and it might take a deep again. The deep is still a good opportunity for people to get in and grab some bags and hodl for the bull run.

I am thinking that I will sell the bitcoins that I am holding when it goes to 32$k. Then when it goes down to 27$k, I will buy new bitcoins and hold it. If I can invest in this way for short term, then I will make a profit.  Maybe. If I can sell this way then maybe I will make a lot of profit. I am thinking of taking this step now with hope. I don't know how much profit I can make by doing this. But hopefully if I can trade this way properly then maybe a lot of profit from here.  I will get a chance to do it.

[ivankoh]

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?

The correction took place as a market state- normal, but once again, bitcoin's synchronicity became even stronger.  The decline in value is temporary and quickly reverts to a faster rate of response to market demand.  Perhaps it continues to be an attempt by the bears but the pressure seems to have lost as it fails to win consolidation from bitcoin.

[pawanjain]

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?

LOL 

I can understand how that feels but its natural for you to feel that way since you are new and might be experiencing it recently.
Bitcoin does have a huge volatility and what you are seeing now is very natural for bitcoin.
It has happened in the past and will keep happening in the future as well and so you must get used to this high volatility of bitcoin.

[bosede1]

The volatile nature of Bitcoin can't be considered bad because it's one of its features. Bitcoin can reach $100k but you know it won't be an instance that just skyrockets from $30k to $100k.

[Asuspawer09]

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?

It's a good sign in my opinion of constant movement in the market meaning there are a lot of investors buying and selling Bitcoin. At this early, we can already see the market price increasing up to 30k$ even without the Bitcoin halving event. Surely there will be a huge spike months before halving and that huge spike could easily trigger a lot of investors in the market, which can cause a huge movement. Still, if there is a lot of movement in the market, it could easily create panic in the market that could easily cost up and down in the market.

No one really knows what could happen in the market price for sure so the investment was obviously for long-term investment, but it's a positive investment even though is a risky investment.

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?

Maybe regarding Volatility we can't say whether it's big or small, but the signs we got seem to provide an opportunity for those who want to enter the market. To be precise, we don't know the significant level that will occur in the market. the highest price Bitcoin has experienced so far this year may just be $31k and rising to $100k quickly seems like a big target.

Surely does attract a lot of investors but investors invest more if the market price of, 100k$ was going to be difficult but it seems doable.

[Ndabagi01]

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?

This is a bullish sign, and there should be no room for a negative market feeling. Previously, when bitcoin was less than $25K, when the price increased to a certain point, it would then pause and wait for another correction before increasing again, finally beating the previous price it reached before the correction. This has been going on for a while, so it's not a new trend, and it's also a good indicator. In the coming days, if the uptrend would continue we might witness a break through to $33K or higher.