The price of bitcoin is not rising soon!.

[blockman]

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.

They will not realize and recognize that. All they think is that the highest that we've seen for Bitcoin for this quarter is $29k and everything that goes under that is low.
That's the standard that they're setting and they don't think that the movement Bitcoin has made is still in good terms because all they want is a higher price.
When Bitcoin has come from its lowest and now is plummeting after reaching in close to $30k, that's not really a plummet that people should be wary about. It's retest and that's basically a normal thing to be seen when Bitcoin goes like that.

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[19Nov16]

Bitcoin's marketcap currently reaches around $530 billion and of course with a very large marketcap it takes a lot of capital to be able to pump, moreover many people are afraid of another bear market so when they feel they are getting at least 7% profit they prefer to sell making it difficult to price go on.

[bitterguy28]

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?

Most of us are not looking for price increasing what we have in the 2021 pump but at least to maintain the value half of that as we have seen so much pump in the beginning of 2023 and yes with the recent 30k breaking there are lights that this will be the maintaining position before the 2024 bull.

Bitcoin's marketcap currently reaches around $530 billion and of course with a very large marketcap it takes a lot of capital to be able to pump, moreover many people are afraid of another bear market so when they feel they are getting at least 7% profit they prefer to sell making it difficult to price go on.

thats too low about what we gather last ATH , but I am proud that i have chance now to buy more while the price is cheap and hot.

[Paul Pogba]

Currently the price is around $27k and it looks difficult to go up any higher, daily volume is also decreasing which is usually more than $30 billion per day now it's only around $12 billion, maybe many investors choose to hold and wait because they see market conditions that are still difficult, The economic recession is also the reason that people are afraid to invest in high-risk types like bitcoin.

[retreat]

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?

I also believe that the price of Bitcoin will not increase this year considering that investors are still not confident enough to determine their positions. Unless there is positive news which can be strong enough to push Bitcoin's position, only that can change Bitcoin's current position and maybe it will push it beyond its resistance point at $ 30K USD. Apart from that I am quite skeptical that the price of Bitcoin will increase this year.

[laurenB7742]

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?

I also believe that the price of Bitcoin will not increase this year considering that investors are still not confident enough to determine their positions. Unless there is positive news which can be strong enough to push Bitcoin's position, only that can change Bitcoin's current position and maybe it will push it beyond its resistance point at $ 30K USD. Apart from that I am quite skeptical that the price of Bitcoin will increase this year.

Price will not increase this year? We went from $16k to $30k in just the first 3 months of the year, and that's a very rapid increase when we're in bear season. If someone knows how to take advantage of the opportunity, they will double their profits in a short time. So don't say the price won't go up, on the contrary, it has been profitable for many people.

We all know that new ATH will only be created after the halving, so expecting an ATH or higher is too hard for bitcoin this year. Not to mention the precarious economic situation, and that will only make it harder for the market, so don't be too greedy to expect a new or higher ATH price this year.

[fzkto]

Bitcoin's marketcap currently reaches around $530 billion and of course with a very large marketcap it takes a lot of capital to be able to pump, moreover many people are afraid of another bear market so when they feel they are getting at least 7% profit they prefer to sell making it difficult to price go on.

For the cryptocurrency market, 7% is almost imperceptible price fluctuation. Sometimes it happens that the price can change much more in one day. I think investors want to earn much more. It's normal for traders to make 7% profit on the stock market, but on crypto people are used to different numbers.

[KiaKia]

Op needs a lot to learn about price action in the charts, do you expect Bitcoin to skyrocket 🚀 just like that? If that happens we will fall back to 10k, that's not how the market works we need to keep maintaining this side ways price action for a long period of time and moreover, halving is not even up to a year again, that's where you should put your mind at, when halving is successful then need money will come into the market once again.

You will not want Bitcoin to pump right now if you are constantly accumulating Bitcoins. The dips should last longer so that I can accumulate as many satoshi as possible in my bitcoin wallet. In my opinion, long-term bear markets are very healthy for next bull markets. Based on how things are looking now, I see a similar pattern to that of 2015.

[pooya87]

If you look at the historical charts you can clearly see that rises have started after downtrends and very abruptly too. In fact the 100% rise back in 2017 near the end of bull run only took place in 2-3 weeks. So saying that "half the year is gone so there is no way we can see a rise" is historically and fundamentally wrong.

As for the market, I don't see any major rises in near term because of the silly reasons stated in OP but because of the way global economy is. The recession is affecting bitcoin price and is the main preventing reason for the rise. Even though the effects of it is decreasing as time goes by because more people are still coming in than going out.

[Franctoshi]

Bitcoin still have an important levels to claim before it can continue its move to the up side, levels like the $30k where it failed to break above several times. However base on the stress on the banking system I do think that Fed will not come out with more rates hykes in their next meeting in order to ease the pressure on the Banks which has caused some banks to collapse, and this will favour the price of Bitcoin, plus CPI and PPI data that will come out is another leading indicators that tells a lot on a possible market direction.

[indah rezqi]

Currently the price is around $27k and it looks difficult to go up any higher, daily volume is also decreasing which is usually more than $30 billion per day now it's only around $12 billion, maybe many investors choose to hold and wait because they see market conditions that are still difficult, The economic recession is also the reason that people are afraid to invest in high-risk types like bitcoin.

I don't know what time frame you would estimate for that, whether 7 days, 14 days, or 30 days. For the weekly TF, I think a small bounce can still be expected to test the $28k resistance, but I'm inclined to assume that May was a sideway month for bitcoin.

Even if my assumption is correct, then I don't think you need to worry more about it. Bitcoin's potential in the long term is still quite worth for you to hope, and you should be aware that the upcoming halving cycle in 2024 will drive more optimism here. Be patient and accumulate, if I can do it while the price is still low then you can too.

[beerlover]

Currently the price is around $27k and it looks difficult to go up any higher, daily volume is also decreasing which is usually more than $30 billion per day now it's only around $12 billion, maybe many investors choose to hold and wait because they see market conditions that are still difficult, The economic recession is also the reason that people are afraid to invest in high-risk types like bitcoin.

I don't know what time frame you would estimate for that, whether 7 days, 14 days, or 30 days. For the weekly TF, I think a small bounce can still be expected to test the $28k resistance, but I'm inclined to assume that May was a sideway month for bitcoin.

Even if my assumption is correct, then I don't think you need to worry more about it. Bitcoin's potential in the long term is still quite worth for you to hope, and you should be aware that the upcoming halving cycle in 2024 will drive more optimism here. Be patient and accumulate, if I can do it while the price is still low then you can too.

I do agree that it will test the 28k resistance again, it is not going to be simple but we had support at the same place and yet it went under, which means that if it can go under that easily then it can go above that easily as well. All we need is to want that to happen and if we can do that then we can make it work and I believe that we are going to end up with a better result.

The market recovering is not that hard, it is not impossible to happen and we just need to focus on what we can do. I know that it is going to end up being something easier to handle but that doesn't mean that we are going to end up with something amazing tomorrow, it is easy to go up, but first we need to see the market go up by people being hyped to buy again, and that part is hard to achieve.

[_BlackStar]

I also believe that the price of Bitcoin will not increase this year considering that investors are still not confident enough to determine their positions. Unless there is positive news which can be strong enough to push Bitcoin's position, only that can change Bitcoin's current position and maybe it will push it beyond its resistance point at $ 30K USD. Apart from that I am quite skeptical that the price of Bitcoin will increase this year.

Halving, don't you think that is one of the most positive news for bitcoin this year?
If you are an experienced market user then you may have noticed the impact halvings have on the bitcoin price.

You can expect bitcoin price this year to grow better as people will try to accumulate it as long as the price is low. Bitcoin is still very low for investment considerations, but it makes sense to manage risk with DCA strategy if you think a low price is still possible. $40k this year is very likely, but the market still needs to test some really strong resistance.

[jostorres]

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.

When one would sell is totally dependent on their mindset and how one sees Bitcoin in the long run, if you believe that Bitcoin might become worthless in the future, you won't be able to hold it for long since you have a fear deep inside, but if you believe that Bitcoin is here to stay and it won't die for centuries to come, you will surely hold on to your assets.

Those who sell in the way may get profit but those who hold for years or decades will see the actual outcome. There are people who invested a decade ago but never sold, they started moving their Bitcoins recently which has turned into millions of dollars from just cents back then.

[STT]

At the moment I think BTC could rise however the pullback is not harsh as it could be.  I expected perhaps the February peak as a low now to be a good place to reset and set a foothold for any rise, our recent lows were in line with the 200 week average but that by itself is not a support level especially its just an indicator in summary.
  The Valentines day massacre point of 14th roughly was about 25234 where as I say there is lots of red after that which could be a point we now are finding in that it was accumulating higher volume then other points and still being important now in order books on exchanges etc.  If we take the ide of overshoot of any target then 24300 or so is where I see many weekly closing bars this year also last year and summere, which can be support found in amalgamation.

[dansus021]

There is so much noise in the real world I mean the economic is not stable yet from the pandemic and then there is war that going on Ukraine and Russia and other things inflation and recession happen so much government things that made things doesn't work at the end.

If we look at the other investment like the Stock market it also hit hard because of recent event including the collapse of a couple of bank. This might drive the price bitcoin to fall and not rising yet

[MiF]

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?

Bitcoin has a good start this year we saw it rise up to 30k$ again and if it will continue rising maybe we can see it at 35k$ to 45k$  soon, i know there's a lot of obstacles for bitcoin to rise up high there are negative news and there are also dumping, corrections, etc., But i believe that soon bitcoin will creat a new ATH higher than the last bull tun on year 2021.

[Iranus]

There is so much noise in the real world I mean the economic is not stable yet from the pandemic and then there is war that going on Ukraine and Russia and other things inflation and recession happen so much government things that made things doesn't work at the end.

If we look at the other investment like the Stock market it also hit hard because of recent event including the collapse of a couple of bank. This might drive the price bitcoin to fall and not rising yet

Bitcoin is also a part of the world economy, so macroeconomic factors also play an important role in developing bitcoin. I also do not believe that bitcoin will recover and grow while the world economy is struggling with a mess. Second, history is not in favor of the bulls either, as the 4-year cycle still has a long way to go, and the halving hasn't happened yet...There is nothing in favor of the bulls at this point. Unless something unexpected happens because this market is still manipulated by market makers.

[lixer]

Currently the price is around $27k and it looks difficult to go up any higher, daily volume is also decreasing which is usually more than $30 billion per day now it's only around $12 billion, maybe many investors choose to hold and wait because they see market conditions that are still difficult, The economic recession is also the reason that people are afraid to invest in high-risk types like bitcoin.

We are stuck in $26k last time and I think it's not long since we hit $27k so just be patience. Let's see if within this week we will rise to $28k or more. If not then that's the time I will say that the price is really struggling. There might be a reason with it. It can be the brc20 or bitcoin ordinal that they are talking about because this is also the reason on why the fees are sky rocketing lately and the network is congested.

If you are a rich investor, you won't mind the issue but you can continue your DCA while for the budget investors, they will surely wait for the storm to calm down because buying now is not a wise thing to do for them. They can end up paying more in the fee than on the bitcoins that they are going to get.

[Oilacris]

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.

When one would sell is totally dependent on their mindset and how one sees Bitcoin in the long run, if you believe that Bitcoin might become worthless in the future, you won't be able to hold it for long since you have a fear deep inside, but if you believe that Bitcoin is here to stay and it won't die for centuries to come, you will surely hold on to your assets.

Those who sell in the way may get profit but those who hold for years or decades will see the actual outcome. There are people who invested a decade ago but never sold, they started moving their Bitcoins recently which has turned into millions of dollars from just cents back then.

Buying or selling decisions would really be entirely be depending on a certain individual on which there are people who do have their own goals and targets towards their crypto holdings specially with Bitcoin.

We know that people isnt surprisingly do make out those kind of assumptions and speculations in mind about this and about that.Well, there's no way on knowing on what the future market would look
like and if you do see that price of bitcoin would not be rising anytime soon then it would be your decision whether you would be selling it or not or would be transferring into some altcoins.
If you do have that confidence on your Bitcoin investment then go ahead and accumulate because not all would really be having that kind of goal and this is where
success would really be that varying into each person because actions would be made would really be entirely be depending on someones decisions and risks taking.