romero121
Legendary
Offline
Activity: 3164
Merit: 1213
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September 04, 2023, 05:10:48 PM |
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Since you posted this, dude, 4 months ago, you said it right that what happened today is that Bitcoin has fallen to almost 25k. This means only one thing, and that is that your Bitcoin prediction is correct. And most of the other people's predictions have been wrong since the day you posted them, including mine.
It is also clear to me that the market in terms of Bitcoin price is very unpredictable due to its volatility. Just like the increase or pumping seems to be based only on the good news that will be announced about Bitcoin or crypto, So the only safe thing that a holder of Bitcoin or crypto should do is just hold. Day trading is hard to keep up with and ineffective, as some communities in the crypto space say.
During these months, the price of bitcoin showed a significant growth, so it is incorrect to say that the forecast of no increase in value was true. We are approaching halving, which means that the situation can change very quickly in any direction. But usually before and after it, the price of bitcoin shows growth and eventually updates the ATH. This article is from May and if I remember correctly, from May until now there has been no significant growth, it can be said that OP's prediction up to now is correct. The halving is approaching but we are still in bear season and the 4-year cycle is not over yet, so there will not be positive changes like many people say. Many people believe that the approaching halving causes people to accumulate more bitcoin so a price drop will not happen. But did you see that bitcoin has been moving sideways in the $29k area for months and suddenly dropped in price and is trading at $26k? And there is still a chance that bitcoin will continue to decline in the near future, which suggests that the halving does not have any impact at the moment. The prediction of market movement is correct. The market price is decreasing gradually, and the same could continue till the days of halving. The price have come close to $25000 at the lowest in recent months. This is something expected, but there are chances of sudden rise in the price whenever there happens positive news associated with cryptocurrency. However soon after the incident the heat dropped and the price had gradually come down when expected for a massive push crossing $30k.
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Sexylizzy2813
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September 04, 2023, 06:54:34 PM |
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The market has been in correction phase since the last ATH, the phase might continue for the next few months. It is certain that the market will bounce back next year after BTC halving.
Bitcoin can bounce back next month or this month, nobody knows the exact time but all we know is that it must come up ones again maybe this time around it won't cause so much panic in the market. This is not the first time when Bitcoin seems to put investors under pressure, before the last rally Bitcoin had seen a major fall and gone below $26k where it was trading at three-months low. Click Here
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Franctoshi
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September 04, 2023, 07:41:01 PM |
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This month of September I'm not anticipating any big price movement because historically September is not that favorable month for the price of Bitcoin and when it comes to its performance, plus the fact that the previous month closed bearish, the price may remain bearish until the month end but we may likely see more price recovery from October and November.
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GeorgeJohn
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September 04, 2023, 07:45:54 PM |
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In bitcoin price I know quite well that each speculation and predictions of bitcoin is under assumption, so therefore bitcoin price is something we know that the price can increase today and get devalued tomorrow so therefore am of the opinion that we should depends on our ways of understanding bitcoin process and bitcoin values in the market, the rising of bitcoin is been determined by the market situation or market conditions and what prompts the increment and degradation of value of bitcoin is basically dependable on the gravity or force of the demands and supply of the market.
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benalexis12
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September 05, 2023, 09:38:50 AM |
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That's right, all the communities that will make predictions about Bitcoin right now are all making assumptions. Honestly, we will only get headaches if we use it with technical analysis. If we look at the current chart today, as we can see in this picture, the MA (moving average) line hardly intersects, so the resistance hardly moves, as if the wave is calm. It is very difficult to set up a buy or sell when that is the scenario on the chart graph.Imagine how many hours pass before there is a motion in the resistance, and then the movement is just a little. So, instead of monitoring, it's really better to just hold for now.
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Etranger
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September 06, 2023, 08:29:25 AM |
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Since you posted this, dude, 4 months ago, you said it right that what happened today is that Bitcoin has fallen to almost 25k. This means only one thing, and that is that your Bitcoin prediction is correct. And most of the other people's predictions have been wrong since the day you posted them, including mine.
It is also clear to me that the market in terms of Bitcoin price is very unpredictable due to its volatility. Just like the increase or pumping seems to be based only on the good news that will be announced about Bitcoin or crypto, So the only safe thing that a holder of Bitcoin or crypto should do is just hold. Day trading is hard to keep up with and ineffective, as some communities in the crypto space say.
During these months, the price of bitcoin showed a significant growth, so it is incorrect to say that the forecast of no increase in value was true. We are approaching halving, which means that the situation can change very quickly in any direction. But usually before and after it, the price of bitcoin shows growth and eventually updates the ATH. This article is from May and if I remember correctly, from May until now there has been no significant growth, it can be said that OP's prediction up to now is correct. The halving is approaching but we are still in bear season and the 4-year cycle is not over yet, so there will not be positive changes like many people say. Many people believe that the approaching halving causes people to accumulate more bitcoin so a price drop will not happen. But did you see that bitcoin has been moving sideways in the $29k area for months and suddenly dropped in price and is trading at $26k? And there is still a chance that bitcoin will continue to decline in the near future, which suggests that the halving does not have any impact at the moment. The prediction of market movement is correct. The market price is decreasing gradually, and the same could continue till the days of halving. The price have come close to $25000 at the lowest in recent months. This is something expected, but there are chances of sudden rise in the price whenever there happens positive news associated with cryptocurrency. However soon after the incident the heat dropped and the price had gradually come down when expected for a massive push crossing $30k. May be for right now the OP`s predictions is correct, however, the end of spring and summer showed us some episodes of a rise, and it was pretty significant. We cannot just close our eyes to this. Bitcoin price is unpredictable and all we can do is to compare with previous historical data. That is why everyone is expecting halving. Sure, we need more that one good piece of news for this to happen.
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Nrcewker
Copper Member
Hero Member
Offline
Activity: 2170
Merit: 536
Building my own Dreams!
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September 10, 2023, 12:52:44 PM |
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This month of September I'm not anticipating any big price movement because historically September is not that favorable month for the price of Bitcoin and when it comes to its performance, plus the fact that the previous month closed bearish, the price may remain bearish until the month end but we may likely see more price recovery from October and November.
Yes in late October we always see the Bitcoin’s price goes up. So this time also it might be following the same pattern. Cannot say anything, but yes I too don’t have any expectations from September. If by any chance till October Bitcoins manages to cross 30k usd range, then definitely there will be full effort from Bitcoins to reach ATH price in 2024. Many Bitcoin investors including me have high expectations from Bitcoins. Let’s see where it goes.
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