The Bitcoin market is back on track

[CPNpr]

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.

Bitcoin has always dominated the market.  Bitcoin is likely to be profitable ahead.  Bitcoin is one of the best with current technology.  This opportunity of transaction is available all over the world through Bitcoin.  It is expected that in the future Bitcoin will get full success all over the world.  Bitcoin is also in high demand in the current market.  Bitcoin reigns supreme in the cryptocurrency world

[tjtonmoy]

Market volatility is a good thing for someone and bad for the others. Like if you are a trader and if you can take the advantage of volatility like this, then you are in good hands. And for some people, they don't care about such thing at all. They are the strong hodlers. They have a fixed target and they will only care about their hodlings when their target is met.
And the last group which thinks that it's bad for them are the newbies and panic seller influenced by FUD. So based on your preference, market condition like this could have effect on you.

[Furious 7]

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.

I don't really agree with saying that currently bitcoin volatility is bad because looking at the conditions, especially for 2023, it's clear that Bitcoin is still very good with their significant increase and it shows.
On the other hand, the correction now is actually quite good because indeed when they tried to go higher than the previous price for $ 31k a few weeks ago, it was clear that they needed another bounce for that, so indeed the temporary correction has been very good for them.

We don't need to worry too much about it because sooner or later they will continue to improve and this could become possibility for bitcoin.

[darkv0rt3x]

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.

Do you ackonowldge that when you buy at low prices with th intent of selling back to fiat at higher prices, you're in fact hurting bitcoin. You are indirectly removing value from bitcoin because, in specific situations, you will be able to buy more bitcoin with the same amount of fiat! Meaning that the bitcoin in the network worth a bit less. I know this is tempting, but you hurt bitcoin. You and thousands or millions of other people looking only for the quick buck of profit!
People need to understand that we need to buy bitcoin, and either hodle it or use it, not trade it back to more fiat. That is reverselly the same shit that the states do when they print money. They devaluate the fiat already in circulation.

[Hamza2424]

Topic belonging to the Trading Discussion haha anyway in joy I would like to express my feelings here.
Hmm, the Thread is created on good time but when I am posting this the time is 2:38 AM here and the Market is behaving like a crazy Bull vs Bear fight haha from 29K it dropped to 27.4K, and now again the market is pumping towards the 28k I think Bitcoin test again 29k resistance then we can expect a break through otherwise coming is gonna be red to the 25K support region possibility is 60 40. I would love to see a breakthrough because already the correction is enough healthy. If it goes for the more drop then we can expect end of Ay to be 35k line.

[Rengga Jati]

was that mean it was not on track? 2😅
Maybe this is just related to the discussion. but indeed the last few days, the Bitcoin market seems to be a little unstable. it seems that many people are trying to cash out Bitcoin for certain purposes. and now the price has started to move again, even touching up to $ 30k. If the price continues to consistently rise little by little or only makes slight changes when it drops, that's a very natural thing. And I am very happy when Bitcoin is back on track.

[drwhobox]

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.

Bitcoin maybe will not touch 100k$ this year, but it can cross 50k$ easily with this run. We can not predict the price but we can enjoy the bull run.
Some traders made huge profits just from this little drop of the price of bitcoin. Regular trader enjoy the volatility of bitcoin while investors only can watch and enjoy.

[Vaskiy]

Good, that we're able to experience bounce back. However this is temporary in my opinion. Market hadn't turned completely bullish. For now we're on the fluctuating phase where we can make good profit through regular trading. OP have mentioned the price of Bitcoin close to $30k and now the price is around $28k. This is huge and traders who watch it close could book profit in the short term. I believe this fluctuation will continue amidst the positive and negative news happening around the market till it crosses the $35k barrier.

[Yatsan]

Not to hasty. A correction again occured upon its value reached $30k. We should all know that if there is a drastic increase on the market value, there would also be an overbought to a certain price point which should be a warning that its price could fall anytime. It will only be for long term if the price is slowly but consistently increasing. Simply, these concepts are part of its market volatility.  On my end, I do still think that the uptrend will be starting next year still because of Bitcoin halving which is a more valid and stronger reason to sustain an increase unlike with nowadays wherein market manipulation is more of the reason to why the market price increases and decreases in an instant.

[blue Snow]

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?

I also don't understand that. But, it's good for us, right?. because if you don't know anything, it could be avoided for you to sell your Bitcoin. From today, I just try to close my eye and ear to do not read and hear any news about Bitcoin. It's good for me, so that strategy makes me hold my btc in bag and pocket. We should know, someone out there still many who have not bought bitcoins, if this good news appears, that make them disappointed and try to spread fud in the next few days.

[blackened515]

Not to hasty. A correction again occured upon its value reached $30k. We should all know that if there is a drastic increase on the market value, there would also be an overbought to a certain price point which should be a warning that its price could fall anytime. It will only be for long term if the price is slowly but consistently increasing. Simply, these concepts are part of its market volatility.  On my end, I do still think that the uptrend will be starting next year still because of Bitcoin halving which is a more valid and stronger reason to sustain an increase unlike with nowadays wherein market manipulation is more of the reason to why the market price increases and decreases in an instant.

It was anticipated that the Bitcoin chart would turn upwards, however when the market corrected during the emergence of an upward movement, Bitcoin wants to revert to its previous position. When the supply starts to decline, a higher demand zone would seal an equivalent supply. We don't need to be overly confident because Bitcoin causes a lot of market volatility in the area, which negatively impacts Ethereum and other projects in general. Smaller period Bitcoin charts showed too much noise, which is unacceptable because it prevents us from segmenting our findings into a more substantial format.

[Uruhara]

Market volatility is not about good or bad market. it's just that it is indeed a cycle that occurs in the market. and every time there is a rapid decline and rapid increase there is always a reason that makes sense fundamentally. and if we are able to analyze fundamentally then in fact we can predict which way the market will continue. news strength and economic conditions have an effect on market volatility. Market sentiment is also the same in this case, which affects market volatility. and the increase that just happened also has something to do with what happened to one of the banks that seemed to be going bankrupt. I forgot the name of the bank. but after I read the news somehow the price of bitcoin actually increased rapidly. or maybe there is another news that I missed. but the point is there is always a reason and basis for every increase and decrease in the market.

[GeorgeJohn]

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.

When bullish sign comes many people does not understand the nature of it, actually many people will have different reasoning and different understanding of increment and decrement of a bitcoin, because I know quite well that bitcoin rise and fall before it could stand a ground, so if bitcoin rise above twenty three thousand now, before it will be stronger it will fall and retrace to be above the twenty three or neither  be stronger twenty three.

[BitcoinPanther]

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.

If you are talking about the price of Bitcoin at the end of 2023, there is really a slim chance for Bitcoin to break $100k  but if we are talking about the years to come, it is not impossible.  Many predicts that Bitcoin will break its all time high on  2025, and even speculate that it will go beyond $100k according to their analysis of Bitcoin price cycle and uptrend.

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.

Bitcoin market is highly volatile so it is obvious that we will often see price fluctuation ahead.  Aside from that this fluctuation is what the traders wanted so that they can take advantage the up and down of the market, taking profit on the volatility of the market.  This Bitcoin market volatility is not new and traders and investors had already cope with this characteristic of Bitcoin market.

[Mpamaegbu]

Bitcoin touched its all-time high of $31K which is the 2023 market high.

Nah, ATH remains $68k+ for now until a price higher than it takes over. What we had in April was a maximum or high of $31k, not an all time high.

When the market reached $31K we had an idea that the Bitcoin market would soon reach $100K.

It's certain that price will go pass that $100k mark this coming bull rally as a fresh ATH is expected. I look forward to that in 2024/25 but if that happens in 2023, it simply means that Bitcoin will hit >$200k after halving in 2024 then.

[Mr.corol]

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.

[Nrcewker]

Price increase or decrease of the coin mainly depends on the users. If we do more buy orders for the coin then sell orders, then the price increases. If we place more sell orders then buy orders, then the price of the coin decreases. Basically in other words the quantity of coins is fixed, so if the demand to acquire the coin increases, then the price goes up, else the reverse happens when the demand for the coin decreases. This is the main reason which affects the price. Moreover there are also some whales who manipulate the markets, so you need to be careful from them.

[Lida93]

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?

The market volatility that played out this past days is psychologically related. What I mean by this is that, just like the bitcoin price drop down to $26,942 on 23-04-2023 and later pulled up to $30,036 within a few time. This action  action by the market price must have triggered some fears in the minds of many trading during the price fall, especially for those that  might have bought when bitcoin price was  $19k - $20k around March, and seeing price going down again after some few rising, out of fear some might have been forced to close their trade within the little profit position to take a little profit.

And that's exactly what the  market wanted. The volatility is just a test of the strength of the market psychology of many traders. A technical way to make more profit in such situation is to DCA,  and that was exact action I took immediately I observed a double bottom chart forming, because the volatility from my observation is a positive sign on the market price.

[Cvetik56]

Price increase or decrease of the coin mainly depends on the users. If we do more buy orders for the coin then sell orders, then the price increases. If we place more sell orders then buy orders, then the price of the coin decreases. Basically in other words the quantity of coins is fixed, so if the demand to acquire the coin increases, then the price goes up, else the reverse happens when the demand for the coin decreases. This is the main reason which affects the price. Moreover there are also some whales who manipulate the markets, so you need to be careful from them.

Yeah, we already know that. This is just the basics of how it works. tbh, I don't really care about daily price fluctuations, I'm just glad I managed to buy a lot if it below $20k, now I'm just DCAing, stacking sats in OWNR, and waiting for the bull run.

[Mikky.Crypto]

It's hard to say whether market volatility is good or bad since it's subjective. Some traders see volatility as an opportunity, while others see it as a risk. What matters is having a strategy that suits your risk tolerance and investment goals.