The price of bitcoin is not rising soon!.

[Captain Corporate]

You do not have to take care of your position based on what you think about to happen, which we call long term investment. I keep promoting this all the time nad yet some people are still very against it and I have no idea why, like why would you want to be against something that will make you so much money to begin with? I personally believe that if you buy bitcoin whenever you have the money for it, and keep doing more and more purchases on top of that and keep doing that for many years, then you should be doing alright. I get that it may not look like the ideal situation at times because the price drops, but we all know that it recovers anyway so there is really no reason to be worried about it anyway, just be happy that it dropped so you could buy more.

[Ziskinberg]

The movement of price index has clearly show that the price will not rise this year, is almost half a year now since the price drops, this is far beyond inflation and fiscal policy of the government, I think bitcoin is suffering heavy weight withdrawals and it might end up been this Stuart for the year.

Out of  100% of international market chats bitcoin is beneath the range price counts of crude oil, gas, gold and diamond, that's means bitcoin is far from rising soon.
What do you think?

No, you can never assume that it all happens because of that index tool, you still have to think that none of these market charts tells the right position of the market in the future, and you are talking about this year? Because this stuff (price index) is just showing what is currently happening in the market and of the previous days, but not what will happen in the incoming days.
If you can just think in a few minutes, people never believe that Bitcoin will be able to reach the current level. It happens so many times and so nobody could tell what really happen to Bitcoin this year, maybe if we are predicting tomorrow or next week, we can possibly be right, but as we are predicting this year, that seems impossible.

[STT]

Still quite positive for BTC movement in 2023 if we look at it in balance.   Place the 50 week and 200 week as the tipping point or pivotal boundary, first part of this year we had recovery and a rise above both these measures which could have been viewed as something of a ceiling to BTC's progress.
https://talkimg.com/images/2023/06/12/ANLQD.png
  Now we have fallen back some but remain above these moving averages, more negative then the peaks but more positive then prior to the recovery of this year.   Overall we have to conclude BTC is quite positive overall still.

[Negotiation]

If the price of bitcoin does not increase soon, long term investment gives good profit. Bitcoin's closest competitors include Ethereum, Binance. This competition in cryptocurrencies is good for investors it cannot skyrocket in value. Bitcoin has an opportunity to stay ahead of its rival currencies. As the volume of bitcoin sold in the market increases, the price decreases. And as more institutions adopt bitcoin as a means of investment and exchange, its price rises. The future is hard to make, so you have to wait patiently.

[Weawant]

I don't agree with you, a few days ago we noticed Bitcoin reaching 30k. Now maybe the price has dropped to 27k but expect the price to go up to $40k.Everyone is expecting BTC to pump massively and they have predicted that people are starting to feel it from this year. As you say for sure that the market will not pump, your prediction may not be correct.The Bitcoin market is always uncertain, but looking at some portfolios in the Bitcoin market we can expect that we will reach a bull market this year.You will understand if you analyze properly

The year is looking very bullish already, Bitcoin has pump from $14,500 to cross a price of $30,500. The price is struggling to retest $30,000 but it's just a matter of time before we cross that price again.

The market is very bullish this year as people are accumulating Bitcoin because of the halving of Bitcoin that's coming next year 2024. The price of Bitcoin will rise very soon when people begin to understand the disadvantage of selling their Bitcoin at this point.

If Bitcoin can closed above $40,000 before the year ends or by the bed if the year then we can conclude that this was a bullish year for Bitcoin.

[yudi09]

The movement of price index has clearly show that the price will not rise this year, is almost half a year now since the price drops, this is far beyond inflation and fiscal policy of the government, I think bitcoin is suffering heavy weight withdrawals and it might end up been this Stuart for the year.

Out of  100% of international market chats bitcoin is beneath the range price counts of crude oil, gas, gold and diamond, that's means bitcoin is far from rising soon.
What do you think?

It is not entirely true that this year the price of bitcoin will definitely not increase.
Repeatedly at every opportunity we often hear that going up and down is a normal thing to happen.

The situation from May to today's Bitcoin price is indeed experiencing a decline from $ 30k.
You don't need to worry if the index movement says that this year it won't go up, but you have to think about what will happen with the current total supply which has reached around 92%.
How much have we saved Bitcoin when Bitcoin experienced scarcity.

[dezoel]

I don't agree with you, a few days ago we noticed Bitcoin reaching 30k. Now maybe the price has dropped to 27k but expect the price to go up to $40k.Everyone is expecting BTC to pump massively and they have predicted that people are starting to feel it from this year. As you say for sure that the market will not pump, your prediction may not be correct.The Bitcoin market is always uncertain, but looking at some portfolios in the Bitcoin market we can expect that we will reach a bull market this year.You will understand if you analyze properly

People are mostly bullish about the long term, the short-term outcome doesn't seem too promising as we can see the market is in decline mode at the moment. $22k looks like a more reasonable target right now than $35k since it is in a downtrend and there is no strong support for it to stop it and make it go up again that soon.

Bitcoin or the market wouldn't pump only because people are predicting it will pump, it needs buying pressure and we are not getting that at the moment, maybe because everyone wants it to drop more so that they can buy cheaper.

[Etranger]

People are mostly bullish about the long term, the short-term outcome doesn't seem too promising as we can see the market is in decline mode at the moment. $22k looks like a more reasonable target right now than $35k since it is in a downtrend and there is no strong support for it to stop it and make it go up again that soon.

Why do you think it is $22K? which is more reasonable target? As I can see on a 3-hour and a 4-hour charts using order blocks the range 2$5,5K-$26K and then $23K-$24K look pretty supported, a lot of buy orders are placed there. Do you think we can break through them and go down as much as $22K? I don't claim that is not possible, but I guess we have to hear a lot of serious news playing against the crypto market. The situation in the financial world at the moment as a whole is not very bright, but so far it has had a rather beneficial effect on the crypto market, especially when compared with the stock market and the banking sector.

[maydna]

If the price of bitcoin does not increase soon, long term investment gives good profit. Bitcoin's closest competitors include Ethereum, Binance. This competition in cryptocurrencies is good for investors it cannot skyrocket in value. Bitcoin has an opportunity to stay ahead of its rival currencies. As the volume of bitcoin sold in the market increases, the price decreases. And as more institutions adopt bitcoin as a means of investment and exchange, its price rises. The future is hard to make, so you have to wait patiently.

I'm sure bitcoin investors don't care if the bitcoin price doesn't go up soon because that means they have a rather long time to keep buying bitcoin at the current price. And even though later the price of bitcoin can reach $ 30k-$ 40k, they will probably still buy bitcoins because they know how long term the potential of bitcoin is.

And when more institutions adopt bitcoin it means more support will come to bitcoin, which could trigger its price to go up soon. And if that happens, the investors who have accumulated a lot of bitcoins will take the biggest profits because they have managed to buy bitcoins at low prices.
And that is why, as investors, we must have patience in waiting for market conditions to change for the better.

[Wend]

......
maybe because everyone wants it to drop more so that they can buy cheaper.

I'm one of them, I'm waiting for bitcoin to drop more to buy. Honestly, I'm not happy to see bitcoin go up in price so quickly and cross the $30k mark, like many here. I am a long term holder, I prefer a prolonged bear market to a bull market, then I have plenty of time to accumulate bitcoins cheaply. I believe that, sooner or later, the bulls will come, no one can stop them, so we don't need to wait every day but focus on accumulating.

[Marvell1]

But it would be wiser with DCA instead of waiting, bitcoin is still unpredictable, and there is no guarantee that history will repeat itself.

If you said no guarantee the history repeat itself, what's the point of DCA-ing in the first place as you expect Bitcoin will not create new ATH on the upcoming bull run season.

Why don't you read everything I wrote? I'm comparing 2019 and 2023 history to find the right time to buy bitcoin, I didn't mention that ATH won't happen. But even if the 4-year history does not repeat, there will be no ATH after the halving, are you worried? As for me, I wouldn't be surprised. When things get too predictable, everyone expects ATH after the halving, and if that happens, everyone will get rich easily. So who will buy bitcoin for $100k for us to take profit? Sooner or later, the market will change the rules of the game.

[savetheFORUM]

According to me it is difficult to predict the price of Bitcoin in future, but hope it will rise again. Currently Bitcoin price falls, but it will not continue and  some changes will happen in upcoming days. Most of the recent researches indicates that the price of Bitcoin will increase by end of the May 2023. So don't loose your hope that Bitcoin is not rising. Surely it will rise but it will need some time.

Bitcoins price will only increase, if more people try to accumulate it. In simpler words, if the buy orders are more than the sell orders, then only the price will rise. The demand of the coin needs to be increased and hence in order to fulfil the demand, the price will go up. Currently due to the high transaction fees, Bitcoins have suffered in price. Once the things get back to normal, BTC again gonna climb up in price. Let’s not think of anything bad now and let’s hope for the best.

I don't think that the high transaction fees are the only reason why people are not accumulating Bitcoins at the moment, since fees are high only for on-chain transactions and there are no such fees when you are buying on an exchange. The reason is more price-related, people are waiting for a better price since everyone can see Bitcoin is dipping even more.

Once it reaches about $22k or $20k maybe, that is when the accumulation phase will start and everyone will start investing, and since that will build buying pressure, the price will surely start moving up from there.

[Kadal Ijo]

If we look at the price chart, it will be seen that the increase has been very slow, only a few times a year the price can increase by more than 10% in a day, and March is the first record this year because prices can increase by more than 20% in a day. of course this is a good consideration for us if we want to invest in bitcoin and don't ever think of getting rich immediately after buying bitcoin.

[Ahli38]

We will not know with certainty (100% accuracy) in which direction the price movement will continue. But I noticed that in the last 2 years indeed in May there has always been a correction in the bitcoin price either because of big fud news or because of other things. So I'm not surprised that the current bitcoin price is experiencing a correction. But we also need to know that there is always a correction before a big increase occurs. So be prepared.

It may be true, at least that bitcoin price underwent a major correction in May for 3 years in a row since 2021, 2022, and 2023. But I'm not too sure that May 2023 will close with the first red candle since market recovery happened, from January to April 2023. I mean there is a possibility about the 5th green candle at the close of May if the price recovery phase has not stopped.

Also, expecting bitcoin to always be good may be a weak assumption because a price correction is always possible. The market can move in any direction regardless of how the trend is going. But one thing, we have to be prepared for whatever the market situation is and accumulate it if you want to hold bitcoin for the long term.

I personally am still in accumulation mode so the dips still make me smile because I can buy from any corrections that occur.

Good job, that's great at all.

Correct. Well up and down movements (fluctuations) are normal in Bitcoin. And sometimes a correction is needed to establish a firmer foothold on the way to higher gains. And the current direction of bitcoin is still in accordance with the Accumulation Schematic pattern: Wyckoff Events and Phases. And today there is also a positive movement, or more precisely every day Bitcoin continues to try to make a positive trend by making several test increases.

And when it comes to long-term investments, small-scale movements like this sometimes don't get much attention. Especially if it's still in accumulation mode. So staying focused on DCA is what I still do too.

And as you said. I also think the same about the possibility of May closing with a green candle for this year. different from previous years which always closed with a red candle. At least I keep track of bitcoin movement because I trade daily on altcoins. So if we already know which way bitcoin is moving, it will be easier to make an analysis of altcoin movements.

[G_Besar]

If we look at the price chart, it will be seen that the increase has been very slow, only a few times a year the price can increase by more than 10% in a day, and March is the first record this year because prices can increase by more than 20% in a day. of course this is a good consideration for us if we want to invest in bitcoin and don't ever think of getting rich immediately after buying bitcoin.

Actually everyone wants to be rich by what they do in this world, but if buying Bitcoins is just to trade the market, obviously there is no need to think about getting rich in the near future because it always takes time for everyone in terms of the process. But if those who buy and keep it as a long-term future investment, I think they are more worthy of becoming rich after being patient for a long time, although this is also not without luck.

[GeorgeJohn]

The movement of price index has clearly show that the price will not rise this year, is almost half a year now since the price drops, this is far beyond inflation and fiscal policy of the government, I think bitcoin is suffering heavy weight withdrawals and it might end up been this Stuart for the year.

Out of  100% of international market chats bitcoin is beneath the range price counts of crude oil, gas, gold and diamond, that's means bitcoin is far from rising soon.
What do you think?

You can not predict the price or the increment of bitcoin, bitcoin price doesn't remain constant it always fluctuates, and secondly you can't compare bitcoin with crude oil because bitcoin just come into existence,  if I'm not mistaken bitcoin come into existence in 2009 and this year is making bitcoin up to fourteen [14] good year's for existence while crude oil has been into existence for years,  so bitcoin get increase due to the demands and the demands is what makes bitcoin to increase, I have specifically understand the level of bitcoin increment and understanding of bitcoin as well, what I noticed concerning bitcoin is that it rises unexpectedly due to the level of the demands that come across its part,  many people who do not understand that rising of bitcoin is determined by investors and adoption, and only a positive news or information can as well Changes the narrative of bitcoin within a short time, what I understand concerning increment is the adoption, when investors is lesser for bitcoin the price becomes less.

[South Park]

Bitcoins price will only increase, if more people try to accumulate it. In simpler words, if the buy orders are more than the sell orders, then only the price will rise. The demand of the coin needs to be increased and hence in order to fulfil the demand, the price will go up. Currently due to the high transaction fees, Bitcoins have suffered in price. Once the things get back to normal, BTC again gonna climb up in price. Let’s not think of anything bad now and let’s hope for the best.

I don't think that the high transaction fees are the only reason why people are not accumulating Bitcoins at the moment, since fees are high only for on-chain transactions and there are no such fees when you are buying on an exchange. The reason is more price-related, people are waiting for a better price since everyone can see Bitcoin is dipping even more.

Once it reaches about $22k or $20k maybe, that is when the accumulation phase will start and everyone will start investing, and since that will build buying pressure, the price will surely start moving up from there.

If someone is actually waiting for the price of bitcoin to go that low then I would say it is quite likely they will end disappointed, as 20k is a price that is simply too low if you ask me, and while anything can happen in this market I do not see the bears taking control of the market in such manner that people once again get so fearful the price ends up dropping to such low levels, 25k or 24k seems like the worst it can happen and at least for now it seems the price of bitcoin will not even reach those levels as we have seen a small recovery during the last days.

[Baoo]

To begin with, I totally disagree with what you said, Bitcoin’s price has increased remarkably in the beginning of this year, it went from $16K in January to $24K in February and then it reached $30K in previous month. To be honest, it was a solid growth despite the global inflation and government’s attempts to break the market. Additionally , I truly admit the Bitcoin’s current condition of Bitcoin and broadly the market is rough and we have not seen a strong bull market for long time. However, we must adapt ourselves in every new situation and deal with it smartly. Plus, Bitcoin will obviously rise significantly in the near future. Unfortunately, we are not able to speculate the price accurately but it will definitely be achieved during this year.

[_BlackStar]

If we look at the price chart, it will be seen that the increase has been very slow, only a few times a year the price can increase by more than 10% in a day, and March is the first record this year because prices can increase by more than 20% in a day. of course this is a good consideration for us if we want to invest in bitcoin and don't ever think of getting rich immediately after buying bitcoin.

Slow but steady, that's to be expected instead of gaining 10% one day but losing another 10% the next day.

The price recovery after the correction has been gradual and this is important to maintain investors' confidence in the long term. The halving is getting closer, we will find it in 2024 and I hope a lot of people will push for more increase in the price. Be prepared for the future, the potential for bitcoin to hit ATH is huge and you should start now.

[Natalim]

If we look at the price chart, it will be seen that the increase has been very slow, only a few times a year the price can increase by more than 10% in a day, and March is the first record this year because prices can increase by more than 20% in a day. of course this is a good consideration for us if we want to invest in bitcoin and don't ever think of getting rich immediately after buying bitcoin.

Actually everyone wants to be rich by what they do in this world, but if buying Bitcoins is just to trade the market, obviously there is no need to think about getting rich in the near future because it always takes time for everyone in terms of the process. But if those who buy and keep it as a long-term future investment, I think they are more worthy of becoming rich after being patient for a long time, although this is also not without luck.

People wanted to become rich but only a few people are also willing to hold long-term while the majority got influenced by FUDs and emotions.
Well, I would admit I'm not like those people who hold for many years but I'm not also like those people who think I'll become rich from investing in Bitcoin because I was already contented with what I get from them. I would say it was just a small profit but I can't afford to risk and hold more because even though we think that Bitcoin has a bright future, still it never gives us 100% assurance that it stay valuable forever.