The Bitcoin market is back on track

[Uruhara]

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.

I also do the same as what you do. That is, preferring to take advantage of the long term and patiently holding onto the accumulated stock until the target price is met.

Currently Bitcoin is also starting to experience a correction again since the news of the SEC suing Binance and CZ circulated. and this can actually be another opportunity that can be used to accumulate more.

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[Odusko]

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.

At this point, we can speculate that the price of Bitcoin is in recovery mode and as a matter of urgency the price need to revive back to somewhere around 29k to 30k to give market speculators the appetite to make some useful forecast because, at the present price, all we can do is just accumulate more and more bitcoins since the price is currently at a discount price compared to the price it was some weeks back.
But we may likely not see that significant price increase in thos months, I don't know what the last quarter of the year 2023 will look like but then also we can't stop but keep predicting well. Market price.

[Mario Yamasaki]

Even though the current price is declining, I'm sure the price will return to the track immediately, of course if the price has reached $ 30k, it can be said to return to the right path, and I'm sure the price of $ 30k will occur in June, now what we think about is continuing to buy And don't panic.

[Sanitough]

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.

Precisely. Due to high volatility, traders and investors should know when to invest or trade so they can take advantage of the opportunities that this high volatility brings to the market. Otherwise, if we don’t know how to manage the risks and just jump to conclusion with our uncontrolled emotions, then we will always see volatility or price corrections as no good at all since we may end up losing rather than taking advantage and being profitable. Bitcoin is indeed highly volatile, but know that it’s certainly the best reason why we are able to gain exceptional and life changing profits through investing and trading.

[Jating]

Even though the current price is declining, I'm sure the price will return to the track immediately, of course if the price has reached $ 30k, it can be said to return to the right path, and I'm sure the price of $ 30k will occur in June, now what we think about is continuing to buy And don't panic.

Immediately? meaning short term? I doubt that we will remain to or reach $30k though, even at the end of the month. There's too much going on the market right now, for sure you have heard the SEC vs Coinbase/Binance case, if not then I urge you to read about it.  As much as we say that it doesn't have an effect, but as we can see the price goes to $25k again, so it's not a good sign.

However, if we are going to look at long term, then no doubt I can see the price recovering maybe in what we called the -ber months, the last quarter of the year. There could be a good bounce and we might see the price going to $30k-$40k before the end of the year.

[Desscount]

As long as the Bitcoin price can be above $ 20k then I dare say Bitcoin is on the way,
but if Bitcoin is below $ 20k I don't know the dump will be more powerful, maybe another $ 15k,
so from now on we should be able to analyze it before buying.

[Kadal Ijo]

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.

I also do the same as what you do. That is, preferring to take advantage of the long term and patiently holding onto the accumulated stock until the target price is met.

Currently Bitcoin is also starting to experience a correction again since the news of the SEC suing Binance and CZ circulated. and this can actually be another opportunity that can be used to accumulate more.

Binance issues are indeed very influential in the market, as we know that the Binance group is the ruler of the crypto market, when there are lawsuits and problems at Binance it will create a big panic, but the good thing is that Binance's services are still normal and I have transferred some assets to Binance for fear of a hurricane like FTX.

[DeathAngel]

It’s always only a matter of time until bitcoin reverts to number go up. Bitcoin is the most impressive innovation of the last 100 years or more, you can put your foot on a water submerged ball for only so long. When you get tired & release pressure, BOOM!

Bitcoin is an unstoppable force, we will see over $100,000 per coin before the end of 2025. Are you positioned for an explosive move that may catch many people unprepared?

[Lanatsa]

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.

I also do the same as what you do. That is, preferring to take advantage of the long term and patiently holding onto the accumulated stock until the target price is met.

Currently Bitcoin is also starting to experience a correction again since the news of the SEC suing Binance and CZ circulated. and this can actually be another opportunity that can be used to accumulate more.

Binance issues are indeed very influential in the market, as we know that the Binance group is the ruler of the crypto market, when there are lawsuits and problems at Binance it will create a big panic, but the good thing is that Binance's services are still normal and I have transferred some assets to Binance for fear of a hurricane like FTX.

Speaking about Binance issue, then it would really be just that having the normal approach that we would really be having that kind of thinking or assumption that market would really be in reds specially that

Binance is really that tied up with this current SEC issue which we know that it could really stir up people who are engaging into crypto space. Being one of the most popular platform or exchange that we do have in the market today.Then it would really be impossible that it wont really be making some significant impact specially people would be having those presumptions in mind that arent that good
which it would really be causing up with that kind of panic which it is really that something needs to be stopped because if you do panic then you would panic sell and thats considered as total lost.

Well, it is really that normal on having that kind of impression because not all would really be that emotionally prepared on what would happen on this market. Sentiments and news like this could anytime
pop out specially government does really lave on stirring things up according into their plans and liking. This is why on the time that this would really be showing these kind of news then
it would really be something means bearish.

[ancafe]

It’s always only a matter of time until bitcoin reverts to number go up. Bitcoin is the most impressive innovation of the last 100 years or more, you can put your foot on a water submerged ball for only so long. When you get tired & release pressure, BOOM!

Bitcoin is an unstoppable force, we will see over $100,000 per coin before the end of 2025. Are you positioned for an explosive move that may catch many people unprepared?

Bitcoin is truly unique and has far more reliable capabilities compared to other cryptos, although in the last few days binance has had problems causing bitcoin to undergo a panic based correction. But for today bitcoin is back on a much better track from the previous correction process, although I didn't try to analyze how things have been in the last 100 years or so as you said, the hope to continue to make bitcoin more reliable will be in line with conditions continuing into the day This.

Belief has led us to the conclusion that collecting bitcoins is the most appropriate way to protect the value of the currency we have. Let's hope that in 2025 we will see the price as you said and that's when we will get big profits from the Holding that we do for the past several years.

[flyingcarpet]

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?

There is always volatility in the Bitcoin market. There is nothing as normal as the rise and fall between the price levels you mentioned. The market moves with its own mechanics. Then, according to your statement, is it good when progressing to 100k and bad when falling to 26k? There will always be volatility. Sometimes high volatility, sometimes low. Bitcoin has been and will be since its existence. These are normal things. While there is a lot of bad news about the market, this way the volatility will be more. No need to worry.

We will always have the idea that Bitcoin will reach 100,000. It is a process and we can experience many different things in this process. But he will eventually reach the goal. Then it will rise even higher.

[bestcoins1]

Binance issues are indeed very influential in the market, as we know that the Binance group is the ruler of the crypto market, when there are lawsuits and problems at Binance it will create a big panic, but the good thing is that Binance's services are still normal and I have transferred some assets to Binance for fear of a hurricane like FTX.

The problems on Binance will not be the same as the hurricanes FTX has ever faced, so you don't need to worry about that because Binance is only in trouble in certain regions and not for all regions in this world. So stay calm even though you still have to keep your own assets very safe because everyone always takes care of their respective assets even in conditions where the exchange is not in trouble. And now all of the Binance users are seeing and feeling things they probably don't want right now.

[Mr. Magkaisa]

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.

I also do the same as what you do. That is, preferring to take advantage of the long term and patiently holding onto the accumulated stock until the target price is met.

Currently Bitcoin is also starting to experience a correction again since the news of the SEC suing Binance and CZ circulated. and this can actually be another opportunity that can be used to accumulate more.

    -  Long-term investors know that, actually. Which is where the Bitcoin market will always go back in the track. The only ones who are always affected are the traders who are always in the short-term category.

That's why in the long term it doesn't care if the market falls a lot because it's sure that it will recover no matter what happens. That is also what volatility does, there are times when it is too aggressive and there are times when it is not, it has happened several times. Just hold and add more patience.

[karabiber]

Binance issues are indeed very influential in the market, as we know that the Binance group is the ruler of the crypto market, when there are lawsuits and problems at Binance it will create a big panic, but the good thing is that Binance's services are still normal and I have transferred some assets to Binance for fear of a hurricane like FTX.

The problems on Binance will not be the same as the hurricanes FTX has ever faced, so you don't need to worry about that because Binance is only in trouble in certain regions and not for all regions in this world. So stay calm even though you still have to keep your own assets very safe because everyone always takes care of their respective assets even in conditions where the exchange is not in trouble. And now all of the Binance users are seeing and feeling things they probably don't want right now.

Do you think the markets are affected locally when Binance has problems in different countries? Binance US is in trouble with the SEC and the market is negatively impacted overall. The SEC's indictment also includes charges such as listing and selling securities-class crypto assets on the Binance platform engaging in unregistered exchange, broker and clearing activities in the US and failing to restrict US citizens access to Binance.

FTX and Binance had problems for completely different reasons. FTX ignored its users and screwed them up. Binance does not take initiatives to stake its users as it is the global crypto exchange leader. But i would never recommend using exchanges to store your assets. You must have a cold wallet and Ledger to store your assets.

[lixer]

It’s always only a matter of time until bitcoin reverts to number go up. Bitcoin is the most impressive innovation of the last 100 years or more, you can put your foot on a water submerged ball for only so long. When you get tired & release pressure, BOOM!

Bitcoin is an unstoppable force, we will see over $100,000 per coin before the end of 2025. Are you positioned for an explosive move that may catch many people unprepared?

Well, that's a good example you used right there, but it is not really as easy as it may sound when someone says it, there is more and more regulatory pressure building up against cryptocurrencies all around the world, and when there are more regulations, there is less adoption, maybe it doesn't affect adoption to a very large extent but it does slow down the process, so though we all believe in Bitcoin and blockchain technology, I believe it will take time to reach that high.

The year 2025 isn't that far from now, it is only a year and a half and Bitcoin's price is only at $26k at the moment with a lot of fear, FUD, regulatory pressure, bad news, and much more surrounding the market causing the price to go lower than what people were expecting earlier.

[mich]

Well it sure does feel this way with the bitcoin market back on track. We have been waiting a long time now for this 'bullish' trend and anyone who did hodl their coins are seeing some of the profits back. And some big news for Bitcoin in the news past few days does help with price.

Price of Bitcoin is up 11% this week and more then 7% in just last 24 hours. There is some big factors for this happening. EDX crypto exchange going live, Mastercard filing new trademark for crypto solutions, and Invesco reactivating Bitcoin spot ETF just a few examples.

[Chainsmokers]

Very happy to see the green market return, Bitcoin and Altcoin have started to experience a rebound and possibly will break through resistance,
come on Bitcoin! I'm sure June will be beautiful, a lot of good news has also started to appear this month, whoever holds it will be the winner.
Bitcoin has gone up in the last 24 hours by 7%. of course this will continue if the candle shows green on the 4-hour time frame.

[Weawant]

We will always have the idea that Bitcoin will reach 100,000. It is a process and we can experience many different things in this process. But he will eventually reach the goal. Then it will rise even higher.

$100,000 will be reached in the upcoming Bitcoin bull market but it's not happening this year or next year, if we predict based on the history Bitcoin will surpassed the previous all time high and create a new one, $100,000 is the closest price the market will reach at the minimum.

The volatility of the market is expected because Bitcoin is been traded 24 hours in a day and we don't expect a market that's active 24 hours in a day to stay stable. If that happens then it means the market is been controlled which can't be possible with Bitcoin been decentralized.

The market has already turned green and only those that panicked and sold without buying back during the correction are the ones that'll regret in the future. Whenever there's dip in the market that causes bitcoin to fall, we should not panic as Bitcoin will always get back on track.

[DeathAngel]

It’ll be good to break $30000 again & then hopefully, never fall below it again. Things are happening behind the scenes, bullish things. I feel like the next multi year run up is about to start. Blackrock & Fidelity hopefully opening up the doors to a big inflow of new money.

Let’s Go!

[salad daging]

It’ll be good to break $30000 again & then hopefully, never fall below it again. Things are happening behind the scenes, bullish things. I feel like the next multi year run up is about to start. Blackrock & Fidelity hopefully opening up the doors to a big inflow of new money.

Let’s Go!

Maybe the end of June will be closer to breaking $30,000 it's already very thin at that level I think there's still time where bitcoin can complete its resistance for the next few days and it's been green which is more refreshing to see the market move back up in 24-time O'clock.

Whoever is behind the scenes trying to pump bitcoin which is a positive trend I think it's been quite a good move, we have been able to get past the opponent issue a few days ago which caused the price to drop but luckily the sadness in the market didn't last long, now the confidence is back to further resistance.