The Bitcoin market is back on track

[ItsCrafty]

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

Bitcoin will not rise straight up to 50k. We will see many up and down before Btc reaching high level. One days ago (30 Apr) Bitcoin price again down to 28k. now its looking weak and we can again see some further correction to 26k and then it will be time for whale to push big than previous and 35k might he target in this pump.

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?

There is not specific reason for btc to pump or dump because btc is totally decentralized and its price depend upon supply and demand law. The higher the demand, more buyer will enter and price will increase. Demand increases with the big adopting news, Btc Halving, Failure of traditional bank and many other. High volatility of Btc is often did not considered good sign for Market because this increase in price is because of News(failure of bank) but we can see sudden drop in price also.

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[arwin100]

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.

For people claiming that it would break at $100k price on this year maybe they need to consider first on how could bitcoin get demand on its current situation where many are still afraid about the bull trap might possible to happen. To many things need to consider so maybe it might happen when bull run came since most of the time we can see a great insights about possibly price to occur on that moment.

[CarnagexD]

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?

I would say don't create a macro outlook for the coming week or months using intraday analysis. It won't make sense. First is the data, you don't have enough data to say where the price is likely to go the next quarter by using the 4-Hour chart. That's useless. You're stressing out the irrelevant information.

If you are going to create an analysis for the coming months or probably for the next high, instead use Higher time frame starting from daily and higher. Correlate it with Intermarket analysis, news, interest rates, bitcoin halving.

Bitcoin is highly volatile enough to make our funds difficult to preserve. Until you know what you're doing is right, then you are good to go. Invest only what you are prepared to lose.

[Aikidoka]

Bitcoin will not rise straight up to 50k. We will see many up and down before Btc reaching high level. One days ago (30 Apr) Bitcoin price again down to 28k. now its looking weak and we can again see some further correction to 26k and then it will be time for whale to push big than previous and 35k might he target in this pump.

A straight rise to 50k would be kinda impossible given the current market conditions. It's currently undergoing a price correction, and it's probable that it will remain in the range of 25k to 35k for some time, possibly two to three months. However, I believe it could reach another level by the end of this year, possibly around the range of 40k to 50k.

There is not specific reason for btc to pump or dump because btc is totally decentralized and its price depend upon supply and demand law. The higher the demand, more buyer will enter and price will increase. Demand increases with the big adopting news, Btc Halving, Failure of traditional bank and many other. High volatility of Btc is often did not considered good sign for Market because this increase in price is because of News(failure of bank) but we can see sudden drop in price also.

Indeed, anything can happen in the market and news events can also have an impact on the price of Bitcoin. However, the supply and demand dynamics remain the primary factor affecting the price, as you mentioned earlier. I think as the Bitcoin community continues to grow with more people investing and adopting it, the outlook for Bitcoin's future remains positive, so there's no reason to fear for it's future.

In bitcoin we trust:)

[utybbas2]

As banks seem to have stabilized as well, maybe it's time to crypto as a whole get back on track too. It probably will, plus still confident in the 100k by eoy.

[jeraldskie11]

<snip>

The Bitcoin All Time High was around $69k, and it happens in November 2021. $31k was just a highest high of 2023, as of today. Any time soon this high will be broken. We all believe that the price of Bitcoin will going to reached $100k but it's not that quick. In my own analysis in the market, there's a higher chance that if $31k will not be broken, the price will retrace to $22k - $24k before it breaks the previous high and create a new high.

Aside from that, the reason why the price reached $30k drastically after touching $26k was because of so much demand in that area.

[Franctoshi]

The volatility in the market is what has made Bitcoin become so interesting and fun for traders and investors, though it comes with its own risk too, but one can figure out the opportunity that occurs during those times when we experience sharp movement or spikes in the price of Bitcoin which could be as a result of high impact news such as interest rate data release by the FED or CPI data and take advantage of this price volatility. if you are a holder and have your target, keep calm as Bitcoin will gradually do what is expected of it base on its historical data.

[Baoo]

Not yet, Bitcoin price have not rose significantly for approximately 3 weeks. And probably this volatility will continue in the near future, it is really difficult to predict the upcoming bull run.  If fact, It would be better if you keep your eye on market and use your strategies intelligently once a sudden event occurs.
In fact, it is a wonderful occasion for investors and traders to purchase Bitcoin at this time. In conclusion, the more you HODL a large quantity of BTC, the bigger the reward but in middle and long term. If you are impatient and into short term investment, you won’t sadly gain a huge profit.

[JoyMarsha]

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 crypto market is volatile already. The buying and selling in the crypto market brought about the volatility you see in the price of bitcoin. Some investors who are newbies as you would think that volatility is not good for bitcoin to be fluctuating up and down in price within a short interval. But to others who have understood the volatility of crypto would tell you that, volatility can be seen as an opportunity to acquire more bitcoin to one's portfolio.

[Magic-Money]

Bitcoin market price has session, which we called Bull run and Bear market, while volatility can also make Bitcoin price look as the bull run want to start, but never the less, this is the right time to filled up your bag's with Bitcoin, because is a good entry point and no body can give exactly the day the bull run well start.

[Paul Pogba]

With the number of users continuing to grow bitcoin will continue to shine, the correction that occurred was short term and i believe the price will rise again, now is the right time to buy before the price becomes more expensive.

[uchegod-21]

2023-04-14 14:00

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?

If you check the cryptocurrency charts and also if you check the charts of stock market. You will never see a straightforward chart from bottom to top or vice versa. Any volatile investment has this zigzag pattern of up and down. That is the reason you should know that volatility is neither a good sign of market or a bad sign, rather it is simply the nature of the market.

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.

Market reaching $100k is not an easy thing and I will advise that we should not think much about it. During the last mega bull run that happened, $100k which was the target failed. It will be very difficult for the marker to drag such a FOMO that will pull it to $100k. Our best expectation is something close to or slightly more than ATH.

[TravelMug]

Bitcoin market price has session, which we called Bull run and Bear market, while volatility can also make Bitcoin price look as the bull run want to start, but never the less, this is the right time to filled up your bag's with Bitcoin, because is a good entry point and no body can give exactly the day the bull run well start.

In which it could be neither positive or negative to us,

- in a bear market, prices are down, then get as many as we can
- in a bull market, prices soaring up, better do DCA

So it's a win-win for us, and it's no rocket science that we can take advantage of it's volatility. Or just really embrace it, accept that fact that makes us uncomfortable and then learn through it. And for sure sooner or later we are going to make money on both markets based on what we understand from it's volatility.

[tygeade]

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.

Market reaching $100k is not an easy thing and I will advise that we should not think much about it. During the last mega bull run that happened, $100k which was the target failed. It will be very difficult for the marker to drag such a FOMO that will pull it to $100k. Our best expectation is something close to or slightly more than ATH.

Why shouldn't it be an easy thing? I feel like that is as easy as it gets. Bitcoin reaching 100k may not happen today or tomorrow, but it is not a hard thing neither, it is something that will surely happen. I personally believe that the best thing about bitcoin is that the price goes up eventually at all times, there is nothing to worry about.

Obviously speaking we are going to end up with some situations where the price will not be doing that well, but that doesn't matter because when the price doesn't well, all you have to do is wait for it to get back to being good again and it will be awesome. I personally believe that it should not be an issue, 100k is simple and all you have to do is wait, I bet that it will get to 100k one day, not today but eventually one day.

[bitgolden]

For people claiming that it would break at $100k price on this year maybe they need to consider first on how could bitcoin get demand on its current situation where many are still afraid about the bull trap might possible to happen. To many things need to consider so maybe it might happen when bull run came since most of the time we can see a great insights about possibly price to occur on that moment.

I think the demand will show itself when the price goes up as well. Price going up requires demand, but demand makes it go up in price at the same time, it's a cycle. So whenever there is a bit of demand, there will be more demand following that as well, it just keeps growing. This is why I honestly believe that we will go up a bit first, stay there for a while then keep growing bigger after that.

People who need a reason to buy bitcoin will have a reason which will be profiting, they will see others profiting from bitcoin and they will want to do the same thing. That's the good thing about bitcoin, it gives people ability to make profit easily with others together, and that will be good enough reason for people to buy and create demand for it.

[rby]

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.

The price in this chart posted some days ago is the same as what we have today. The  very good thing is that the market is moving progressively and that is a good sign for everyone and especially traders and project owners.
In as much as the market is moving, I do not expect $100k this May or let's say this year.
We should be able to reach $50k  before we meet thr ATH and talking about exceeding the ATH before we talk of $100k. As someone said above, $100k is not what can be attained easily.

[G_Besar]

With the number of users continuing to grow bitcoin will continue to shine, the correction that occurred was short term and i believe the price will rise again, now is the right time to buy before the price becomes more expensive.

This kind of advice is actually more suitable for those who have not bought Bitcoins or those who have sold Bitcoins in the past, although it would not be wrong to use them for those who have bought and have not sold them now. Because increasing the amount of Bitcoin to hold long-term is always a very healthy solution because Bitcoin is not a bad asset to have long-term. I also hope that the Bitcoin price can increase even more this month, because for me that is really exciting.

[btc_angela]

For people claiming that it would break at $100k price on this year maybe they need to consider first on how could bitcoin get demand on its current situation where many are still afraid about the bull trap might possible to happen. To many things need to consider so maybe it might happen when bull run came since most of the time we can see a great insights about possibly price to occur on that moment.

I think the demand will show itself when the price goes up as well. Price going up requires demand, but demand makes it go up in price at the same time, it's a cycle. So whenever there is a bit of demand, there will be more demand following that as well, it just keeps growing. This is why I honestly believe that we will go up a bit first, stay there for a while then keep growing bigger after that.

People who need a reason to buy bitcoin will have a reason which will be profiting, they will see others profiting from bitcoin and they will want to do the same thing. That's the good thing about bitcoin, it gives people ability to make profit easily with others together, and that will be good enough reason for people to buy and create demand for it.

And when the demand goes in the future, then we should look at it as something valuable for today. I mean yeah the price might be around $30k and could be very expensive for us, but if there is a huge demand in the future then definitely the price is going up, 6 figures and those who hold will be on the + side here.

One reason is obviously we wanted to get rich in the future and with that, it's very easy to just invest very early. Doesn't mean to buy in bulk and then that's it. If you don't have the money then DCA will do and invest what you can afford to lose. It could be tough for some because it takes at least or two to realized our profits but it's going to of value in the future.

[Lubang Bawah]

Many predictions that the price range between $ 25k to $ 30k will occur in the long term, of course we are waiting for another big surprise like January so that prices can return to a positive trend, if prices continue as they are now of course this is boring and makes investors not patiently waiting.

[dragonvslinux]

Bitcoin will not rise straight up to 50k. We will see many up and down before Btc reaching high level. One days ago (30 Apr) Bitcoin price again down to 28k. now its looking weak and we can again see some further correction to 26k and then it will be time for whale to push big than previous and 35k might he target in this pump.

A straight rise to 50k would be kinda impossible given the current market conditions. It's currently undergoing a price correction, and it's probable that it will remain in the range of 25k to 35k for some time, possibly two to three months. However, I believe it could reach another level by the end of this year, possibly around the range of 40k to 50k.

Personally I find it quite unlikely that price would be between $25K and $35K for two to three months, mainly as price has already been between $20K and $30K for around for 4/5 months, which is a similar range, as well as consolidated between $27K and $31K for about 5/6 weeks now. So eventually price is likely to break this range in either direction and go some distance as well as not return there for sometime (or ever).

It's also worth remembering that it didn't take long for price to go from $20K to $30K, which is a 50% increase, so going from $30K to say $45K wouldn't necessarily take much longer.