STAGNATION OF BITCOIN PRICE FOR WEEKS

[EBMARYAM]

Bitcoin's price holds steady near $27,000 as investors consider debt ceiling developments. CoinDesk's former head of research writes that with much government efforts in such large, emerging countries as PAKISTAN and NIGERIA to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.
The most valuable cryptocurrency in terms of market value (BTC) was currently trading at around $26,866, up 0.4%. According to CoinDesk data, BTC has been trading between $26,500 and $27,500 for nearly two weeks due to macroeconomic uncertainty. Crypto traders are uncertain as to how Bitcoin will behave over the next few days, weeks or even months.
The probability of default is quite low, but if it does, it might feel like a blow to risk appetite, sending cryptos sharply lower.
Bitcoin is content to trade towards the bottom of its previous trading range of $26,500 to $30,000.
Currently it's trading at $26,784.00.
Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

[348Judah]

Bitcoin's price holds steady near $27,000 as investors consider debt ceiling developments. CoinDesk's former head of research writes that with much government efforts in such large, emerging countries as PAKISTAN and NIGERIA to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.

How more important could this be if you had inserted the link to reference this news you're talking about, quite alright there are many countries in West Africa and other part of the world that their youth solely depends on bitcoin for sustainability where the government failed to realize that it's because of their incapacitation to deliver upto expectation on what the people really want from them, bitcoin as a digital currency is an opportunity that has come to cleans away every mess from the government inactions on the people's financial economy and that's why the more reasons you see more people going for bitcoin adoption and not CBDC or any other asset today.
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The most valuable cryptocurrency in terms of market value (BTC) was currently trading at around $26,866, up 0.4%. According to CoinDesk data, BTC has been trading between $26,500 and $27,500 for nearly two weeks due to macroeconomic uncertainty.

Dont let all these crypto actors and influencers discourage you about bitcoin or it current price, the value remain the same in as much that bitcoin can go as dip as $15k and still maintain close to $27k as at now, we are more expectant innthe coming days for better surge in it price.

Crypto traders are uncertain as to how Bitcoin will behave over the next few days, weeks or even months.

What are the use and functions of the market indicators when you can sit down to analyze everything and research about it, maybe you could also bring out something useful for other to have a look on as what the present or couple of days will look like, but we also needs to be reminded that bitcoin is a volatile currency, we often forget this, as a bitcoin trader, you can still make more money when bitcoin is dip, not only when it surges we realized income while trading.

[KiaKia]

Thanks for the writeup, the truth is many people don't care about the price action of Bitcoin right now, I don't care as well because I am not even close to the target I had in mind for Bitcoin, we are still in 2023 and people are expecting some crazy price action, well I am not one of them, if you are here for long term all these price actions will be meaningless to you.

Since 2025 is all I got in mind for my Bitcoin and alt portfolio I don't need to be worried about the price action, I am not even done with accumulation yet lol, so I am fine with whatever Bitcoin is going to throw at the face of every investor this year, I will advise you do the same too because the long term will condone you the most.

[Dave1]

Bitcoin's price holds steady near $27,000 as investors consider debt ceiling developments. CoinDesk's former head of research writes that with much government efforts in such large, emerging countries as PAKISTAN and NIGERIA to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.

But we all know that bitcoin can't be stop by any countries.

The most valuable cryptocurrency in terms of market value (BTC) was currently trading at around $26,866, up 0.4%. According to CoinDesk data, BTC has been trading between $26,500 and $27,500 for nearly two weeks due to macroeconomic uncertainty. Crypto traders are uncertain as to how Bitcoin will behave over the next few days, weeks or even months.
The probability of default is quite low, but if it does, it might feel like a blow to risk appetite, sending cryptos sharply lower.
Bitcoin is content to trade towards the bottom of its previous trading range of $26,500 to $30,000.
Currently it's trading at $26,784.00.
Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

The last time I check it went as high as $27,300 and I thought that it will break the $28k barrier again. However, it went down in the last 24 hours, so obviously speculators are taking advantage of small increases to make money out of the weak market.

So it might continue to trade sideways, nevertheless, still a good time to buy and continue to accumulate before the price blows up again in the future or before the bull run next year.

[yudi09]

For investors who have been in Bitcoin for a long time, the market is not really concerned about the current price of Bitcoin. They will be highly motivated by this market situation to increase the volume of Bitcoin to hold.

Analysts can create and write Bitcoin price situations and conditions in accordance with current market situations and conditions assisted by knowledge, but they cannot clearly describe and give definite answers where Bitcoin will move, how will Bitcoin prices be tomorrow, next week or next month.
Everything that is conveyed is just a play on words that is poured into writing that is published in various articles or news sites.

IMO, If the former head of research at CoinDesk said that countries like Pakistan and Nigeria have efforts to curb crypto activity, he should also reflect on the state of the US economy in his analysis.

[thecodebear]

I think a combo of US debt ceiling being resolved and if at the Fed in 3 weeks there is a pause on interest rate hikes then these could send Bitcoin back up to $30k. Right now investors are just too scared.

[avikz]

I would say this is better than seeing a drop! If I take an example of the stock market, usually it stabilizes for couple of days/weeks before taking a leap. It is making the foundation stronger with demand and supply stability. That's exactly what's happening in crypto market now.

There is a huge amount of uncertainty around the world. That's why we are seeing gold prices are constantly increasing. Among this turmoil, if bitcoin price is showing signs of stability, that's certainly good.

[SamReomo]

The Bitcoin's price will hold below $30k during the month of may. The news that you have shared might had a little impact of the price but I won't consider that as the main cause of the price holding. It's true that the Bitcoin has been holding around $27k for few days but soon we will see a huge price action. It can either go down to $26k range or will move up to $30k range after the month of may.

The probability of defaulting if below low and that won't take place. Even if it happens the price of the Bitcoin will be impacted in the positive way. The default would work inverse way by altering a short time pump to the Bitcoin according to my speculation. I must say that in some cases there is a probable chance of Bitcoin going below $26k, but I hope that may not happen as that will be a huge burden for the bear market.

Well, it has always been this way, the recommendation is to invest only the money that won't impact your life in anyway otherwise you should never invest in Bitcoin or other crypto-currencies. Just think like this way, the money that you put into crypto-currencies is the money that you have just thrown into a river. Just forget about it and set a price range in your mind and stick to that, don't let any emotions bother you during the holding process. The result will be a better future. You'll surely get good returns from your investments.

[Ucy]

Bitcoin trading at the current price has nothing to do with what you mentioned. They are a drop in the ocean of what possibly could move the price.
The current market situation is actually a reflection of what Bitcoin was set to trade...which is between 25,000  and +30,000. From now onward (LORD Willing) it will be crossing 30,000 again and never drop below that until it hits new highs.

[OgNasty]

You shouldn't think of it as stagnation.  Think of it as accumulation after a large increase.  Not long ago the price was $16K.  A lot of people have profits to cash out and the longer it sits at a certain level the more people get exhausted of holding and sell.  Once the weak hands have all sold and all that is left is buyers, the price will move up again.  Consolidation phases are not bad at all for the market.  They exhaust those with leverage payments to make and those who don't believe sell off their coins for other get rich quick attempts.  Strong hands can then scoop up coins for the next wave upward.

[Z390]

All this market conditions will only affect crypto newbies the most, those who have been into crypto for the past years now understand better, they see no reason to want things to work out in their own way, instead they patiently keep accumulating Bitcoin, very soon it will be too late to buy Bitcoin and those that are hoping for 10k per Bitcoin will also missed their buying opportunity.

Bitcoin investment is never for those who want to make quick money, it takes time and instead of focusing on time it's smarter to focus on more Bitcoin accumulation, do not let the media and FUD steal your Bitcoin from you, selling because you are tired of holding because or the market situation is simply enriching some people that have more patience than you.

[maydna]

Bitcoin investors don't think too much about the price of Bitcoin looking stagnant. They are happy that the price is still like this and can go down again because they can buy Bitcoin lower than before. And if the Bitcoin price drops to a lower level, they will use it by buying lots of Bitcoins.

But for traders, this situation is a bit difficult because their profits are not too big, and the difference between buying and selling prices may not be too big. But if they want, they can still hold it and sell it when the price rises, even if they must wait a while. And it will depend on each person what they will do. But traders might still try to trade because we see in the market that the price of Bitcoin is still changing and not stagnant at one price.

[BIT-BENDER]

I would say this is better than seeing a drop! If I take an example of the stock market, usually it stabilizes for couple of days/weeks before taking a leap. It is making the foundation stronger with demand and supply stability. That's exactly what's happening in crypto market now.

There is a huge amount of uncertainty around the world. That's why we are seeing gold prices are constantly increasing. Among this turmoil, if bitcoin price is showing signs of stability, that's certainly good.

The crypto-currency market still follows the demand and supply curves just like most commodities, that's the major or primary factor, but there are still other sub factors like news, speculation this factors are louded by FOMO (fear of missing out) and FUD (Fear uncertainty and doubt) it can either lead to panic buy or panic sell which always affect crypto-currency prices.

I think the price of Bitcoin and many other coins would be more stable if the news and speculation can be put in check, but that's not going to be completely possible and in most alts whales manipulate the market true their actions, one off biggest joy now is that the forth coming halving would be a good news so we may see a positive drive in the market.

[BVeyron]

Bitcoin's price holds steady near $27,000 as investors consider debt ceiling developments. CoinDesk's former head of research writes that with much government efforts in such large, emerging countries as PAKISTAN and NIGERIA to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.
The most valuable cryptocurrency in terms of market value (BTC) was currently trading at around $26,866, up 0.4%. According to CoinDesk data, BTC has been trading between $26,500 and $27,500 for nearly two weeks due to macroeconomic uncertainty. Crypto traders are uncertain as to how Bitcoin will behave over the next few days, weeks or even months.
The probability of default is quite low, but if it does, it might feel like a blow to risk appetite, sending cryptos sharply lower.
Bitcoin is content to trade towards the bottom of its previous trading range of $26,500 to $30,000.
Currently it's trading at $26,784.00.
Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

Stable btc price in USD doesn't always mean stability of its real price. Now there is a high risk of usd and other fiats inflation. So it can turn out to be something like btc is stable in usd, but usd is not stable in real values. I think there is a chance to save some money by hodling btc during inflation. However, the chance of successful money saving via crypto in case of inflation is one of the most interesting riddles in the world of cryptocurrencies.

[Die_empty]

OP I don't know how long you have been in the bitcoin industry. But I have been privileged to be in this space for about two years now and I will gladly tell you that this year has been one of my best. Last year the industry faced a lot of problems that made many people come up with different predictions. But Bitcoin came out stronger and better.

Currently, I don't think that the US debt ceiling deal will affect the price of bitcoin. Even if it does it will be minimal and short termed. Maybe this news would have caused me to experience FUD, one year ago. Now there is no going back on my Bitcoin investment plan. I don't care how low the price goes, I am focused on reaching the benchmark. 

[umbara ardian]

This is a good thing because the price of bitcoin has been increasing in the early months of this year, has been on a downtrend, and has stabilized at $27,000. A good price for many investors who want to invest more. In addition, this is also the time when bitcoin is accumulating again for an upcoming boom. This helps investors buy back and consider a reasonable price range to follow. However, this is still only in the short-term time frame, and in the long-term, it is necessary to observe whether bitcoin has really entered a new cycle. It all depends on how you see the market going and what you do about it.

[GreatArkansas]

Bitcoin's price holds steady near $27,000 as investors consider debt ceiling developments. CoinDesk's former head of research writes that with much government efforts in such large, emerging countries as PAKISTAN and NIGERIA to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.
(....)

I believe with the current behavior of Bitcoin's price is very bad for most traders and other altcoins.
Because when Bitcoin does these very volatile actions, dumps, and sideways, look at other altcoins, they are bleeding. I believe that we will still experience this until end of this month.

[SquirrelJulietGarden]

I believe with the current behavior of Bitcoin's price is very bad for most traders and other altcoins.
Because when Bitcoin does these very volatile actions, dumps, and sideways, look at other altcoins, they are bleeding. I believe that we will still experience this until end of this month.

This current behavior of Bitcoin price causes uncertainty and fear for traders. They don't know what to do but they are not experienced enough to exit the market. Exit the market is the best choice at this time when you are unsure what to do, what Bitcoin will move, what altcoins will react to Bitcoin next price movement.

Exit the market will prevent your loss and give you time to refresh your mind. You might miss chance to get profit but is profit the most important thing for traders? It's not, their capital is most important. You can miss profit but if you can protect your capital, you do a great job as a trader.

[Honnet43]

Remember, only invest what you're willing to part ways with. If you can dance to the hodl tune and ride the BTC rollercoaster without losing sleep, you're golden.

[DeathAngel]

Sustained periods of low volatility usually precede a big move. The question is, which direction will that move be?
Like OP says, the chances of default are probably quite low, purely because allowing that would drive the world into real financial trouble. I am not sure the Dems will allow that to happen with an election nearing. The people would blame a default on them & they would lose voters.

So any way, expect a big move this quarter, we just don’t know when. We could get a debt ceiling increase at the 11th hour. In that scenario we might dump hard first but then pump higher once an agreement is reached.

[lewisrafael40]

When governments try to put a leash on cryptocurrencies, it's like trying to hold back a tidal wave with a bucket. People will always find a way to embrace digital assets as a hedge against traditional systems. It's time to ride the wave, my friends!

[Silberman]

When governments try to put a leash on cryptocurrencies, it's like trying to hold back a tidal wave with a bucket. People will always find a way to embrace digital assets as a hedge against traditional systems. It's time to ride the wave, my friends!

Bitcoin was designed by Satoshi to be censorship resistant, this is why it is decentralized, if it was centralized you can be sure the governments would have destroyed it already or they will be on their way to do so, as it was the case of other currencies that were created independently but that were centralized, so if governments want to try to regulate or forbid bitcoin they can try if they want, however if their regulations are too strict you can be sure that a great deal of the people will simply not care about their regulations and keep using bitcoin as usual.

[teosanru]

Bitcoin's price holds steady near $27,000 as investors consider debt ceiling developments. CoinDesk's former head of research writes that with much government efforts in such large, emerging countries as PAKISTAN and NIGERIA to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.
The most valuable cryptocurrency in terms of market value (BTC) was currently trading at around $26,866, up 0.4%. According to CoinDesk data, BTC has been trading between $26,500 and $27,500 for nearly two weeks due to macroeconomic uncertainty. Crypto traders are uncertain as to how Bitcoin will behave over the next few days, weeks or even months.
The probability of default is quite low, but if it does, it might feel like a blow to risk appetite, sending cryptos sharply lower.
Bitcoin is content to trade towards the bottom of its previous trading range of $26,500 to $30,000.
Currently it's trading at $26,784.00.
Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

The last line is pretty much correct. Only invest in BTC the amount you can afford to lose, if you'll invest amount more than that the market fluctuations will always keep your head stuck in this mess. Even though it's too low right now from the all time high, so obviously it'll move high in coming months, yet if it falls even 50% from current point before moving up you'll hastily take a wrong decision and end up losing money.

[milewilda]

Bitcoin's price holds steady near $27,000 as investors consider debt ceiling developments. CoinDesk's former head of research writes that with much government efforts in such large, emerging countries as PAKISTAN and NIGERIA to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.
The most valuable cryptocurrency in terms of market value (BTC) was currently trading at around $26,866, up 0.4%. According to CoinDesk data, BTC has been trading between $26,500 and $27,500 for nearly two weeks due to macroeconomic uncertainty. Crypto traders are uncertain as to how Bitcoin will behave over the next few days, weeks or even months.
The probability of default is quite low, but if it does, it might feel like a blow to risk appetite, sending cryptos sharply lower.
Bitcoin is content to trade towards the bottom of its previous trading range of $26,500 to $30,000.
Currently it's trading at $26,784.00.
Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

The last line is pretty much correct. Only invest in BTC the amount you can afford to lose, if you'll invest amount more than that the market fluctuations will always keep your head stuck in this mess. Even though it's too low right now from the all time high, so obviously it'll move high in coming months, yet if it falls even 50% from current point before moving up you'll hastily take a wrong decision and end up losing money.

This is one of the golden rules when you do touch up bitcoin or crypto investment is on which you should only invest on the amount which you can afford to lose or else you would really be bothered on how your assets or coins would really be that so volatile when it comes into its prices. This is why knowledge and learnings is something that you should really know about it first beforehand once you do decide to get involved with this market. Stagnation or somewhat making having that sideways movement on bitcoins price is never new. We had been on this before or on how many times and honestly this is really the hardest time for us to make us some position because you cant really make out some technical analysis into it on where it would be possibly be heading next. This is why on the time that you are unsure of your decisions then it is really better
not to make any position  whether buy or sell decision because you would really might be able to get or make  such mistake but of course we know that we cant really benefit out if we
wont be taking any risks and this is where it would really be depending.

[Yatsan]

The price move sideways in preparation, more likely, to either pump or dump. But I guess the price is more likely to fall this time due to CME Gap around $21k. Once the market price breaks the barrier or resistance around $24.8k, then this may happen. Another thing is if the market would be again manipulated by big investors which could trigger an uprise movement. We can see this with ARPA wherein the price is not falling continuously and is coming back toits peak many times while the market price of Bitcoin is still down. Given that there's no certainty with its possible action, much better is for us to wait until it break aither upper or lower resistance.

[Woodie]

Was listening to some news earlier today and Biden seems to have given his word that there won't be any debt defaults which is good for the US dollar ,but because of uncertainty and the unlike... I get the feeling that we might get capital injected into crypto as investors hedge against the green buck as a way of playing it safe.

Btw the Stagnation of btc price could this be just a mere  consolidation happening just like any other market ??

[AmoreJaz]

The price move sideways in preparation, more likely, to either pump or dump. But I guess the price is more likely to fall this time due to CME Gap around $21k. Once the market price breaks the barrier or resistance around $24.8k, then this may happen. Another thing is if the market would be again manipulated by big investors which could trigger an uprise movement. We can see this with ARPA wherein the price is not falling continuously and is coming back toits peak many times while the market price of Bitcoin is still down. Given that there's no certainty with its possible action, much better is for us to wait until it break aither upper or lower resistance.

the positive thing that i am seeing here is that this is still a good opportunity to collect some satoshis while the price level is not that high. though we don't know when it will go up again, at least the probability of going up is always there. only a matter of time to see it rising again.

[summonerrk]

Bitcoin's price holds steady near $27,000 as investors consider debt ceiling developments. CoinDesk's former head of research writes that with much government efforts in such large, emerging countries as PAKISTAN and NIGERIA to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.
The most valuable cryptocurrency in terms of market value (BTC) was currently trading at around $26,866, up 0.4%. According to CoinDesk data, BTC has been trading between $26,500 and $27,500 for nearly two weeks due to macroeconomic uncertainty. Crypto traders are uncertain as to how Bitcoin will behave over the next few days, weeks or even months.
The probability of default is quite low, but if it does, it might feel like a blow to risk appetite, sending cryptos sharply lower.
Bitcoin is content to trade towards the bottom of its previous trading range of $26,500 to $30,000.
Currently it's trading at $26,784.00.
Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

The price behaves this way because there comes a moment of uncertainty when no one knows what will happen next with the price. On average, we are locked in 20-30k, for less in 25-30k and so the price can float between these values until JULY. But to be honest, I think it will fall to 20k, because we can't fly up without being at the bottom.

I attached a chart from my tradingview in which I focus on graphical analysis, specifically on resistance support levels.

[kryptqnick]

It hasn't been that long to call is stagnation, IMO. It's just a typical correction, and Bitcoin often stays within small margins (between $18k and $20 or, as now, between $26k and $28k) for a while during the bear market. I don't think that the US will really default on its debt. They always avoid it, even though sometimes they get pretty close. It's only a few days left till June 1, so the concerns will probably resolve soon. Still, that doesn't mean Bitcoin will immediately go up, as there's no causal relation between the two events.

[TheUltraElite]

Let the price remain it will not after a certain time. I would say enjoy the stagnation while it lasts, because this can be a time to decide about assets other than crypto and accumulate them rather than waste time pondering what will happen to bitcoin.

Because the chances are binary - it will either rise or will drop. If it rises wait for it break even and then sell crossing your buying point and if it drops buy more when you feel comfortable.

Keeping your money in more assets gives you the advantage to not get frustrated over one market. You could be focusing on another one while bitcoin makes its move and then you can respond. Dont get anxious about why it is stagnant, it is a game of patience.

[Fivestar4everMVP]

Well, I would still want to believe that the kind of stability in the price of bitcoin currently is another buying opportunity for those who have extra fund/money laying around somewhere with no use for it at the moment and moving forward into the future..
If I have such money right now, I will be buying more bitcoins because I am highly optimistic and confident that the price will jump up when investors least expect it, lets not forget that bitcoin halving is coming up next year, it's an event every bitcoin holder looks forward to, and I believe a bull season is coming again.

[Dr.Bitcoin_Strange]

Bitcoin is content to trade towards the bottom of its previous trading range of $26,500 to $30,000.
Currently it's trading at $26,784.00.
Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

You know one thing that gets so funny at times is that after this series of analyzing the market and the economic situation, that's when Bitcoin goes boom 🤯💥, then, there will be some kind of wondering about whether we really know what is making the Bitcoin price spike. It's normal; I have experienced such a situation a few times. But it's really important to analyze the market and let investors know what risks are likely to occur if the market goes different ways. And for "invest what you can afford to lose, it has always been the Bitcoin investment approach for many people, and I think it's extending to newbies more steadily.

[DiMarxist]

The crypto-currency market still follows the demand and supply curves just like most commodities, that's the major  factor, there are other uses of bitcoins that still stand out and provide massive benefits.the chance of successful money saving via crypto in case of inflation is one of the most interesting riddles in the world of cryptocurrencies. This is why we need knowledge and understanding, knowledge and understanding is the first thing that you should really know about cryptocurrency before falling into crypto investment or Bitcoin investments.

[TimeTeller]

The crypto-currency market still follows the demand and supply curves just like most commodities, that's the major  factor, there are other uses of bitcoins that still stand out and provide massive benefits.the chance of successful money saving via crypto in case of inflation is one of the most interesting riddles in the world of cryptocurrencies. This is why we need knowledge and understanding, knowledge and understanding is the first thing that you should really know about cryptocurrency before falling into crypto investment or Bitcoin investments.

Most newcomers are in a hurry to buy some for the hope of getting rich quick.
This is why they don't understand the market behavior of btc. They thought it is quite easy to make profits.
Later on, they will realize, there's more than meets the eyes in this market. And that's when they will start analyzing the market.
So for those who already got the idea, they can slowly buy some using their spare money. There's no rush if you are trying to get a good grasp of this type of investment.

[serjent05]

Bitcoin's price holds steady near $27,000 as investors consider debt ceiling developments. CoinDesk's former head of research writes that with much government efforts in such large, emerging countries as PAKISTAN and NIGERIA to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.
The most valuable cryptocurrency in terms of market value (BTC) was currently trading at around $26,866, up 0.4%. According to CoinDesk data, BTC has been trading between $26,500 and $27,500 for nearly two weeks due to macroeconomic uncertainty. Crypto traders are uncertain as to how Bitcoin will behave over the next few days, weeks or even months.
The probability of default is quite low, but if it does, it might feel like a blow to risk appetite, sending cryptos sharply lower.
Bitcoin is content to trade towards the bottom of its previous trading range of $26,500 to $30,000.
Currently it's trading at $26,784.00.
Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

The sideways action of the Bitcoin market simply shows that the transition of the bear market to the bull market is about to happen. I do not think much about your given news since I don't think they have much impact on the Bitcoin market.  I feel like the article is just patching events and forcefully relating them to the Bitcoin market movement.

The crypto-currency market still follows the demand and supply curves just like most commodities, that's the major  factor, there are other uses of bitcoins that still stand out and provide massive benefits.the chance of successful money saving via crypto in case of inflation is one of the most interesting riddles in the world of cryptocurrencies. This is why we need knowledge and understanding, knowledge and understanding is the first thing that you should really know about cryptocurrency before falling into crypto investment or Bitcoin investments.

Most newcomers are in a hurry to buy some for the hope of getting rich quick.
This is why they don't understand the market behavior of btc. They thought it is quite easy to make profits.
Later on, they will realize, there's more than meets the eyes in this market.

For an old timer like the many members of the forum who knows the pattern of the Bitcoin market, I think it wouldn't be hard for them to profit in their Bitcoin investment.  Since the Bitcoin market is cyclical, many members here base their trading strategy on pattern of the price cycle of BTC.

[The Cryptovator]

There have been concerns and allegations circulating about Binance, suggesting that they may have commingled investors' funds with their own revenue. Some argue that this has led to the recent market collapse. However, despite the fear, we haven't witnessed a significant sell-off. It appears that Bitcoin is experiencing its typical fluctuations and is relatively stable at the moment. Nevertheless, it's crucial to approach investments with caution. If we cannot weather the downturns in the market, it becomes challenging to generate profits.

[Captain Corporate]

I feel like this is actually a good thing, why? Because when the price is stable that means you have a lot of time to buy it before it goes up. Its not going to stay like this forever, we all know that it will eventually go up, even if it goes down first that still doesn't change the fact that it will go higher than this one day. If you ever doubt that bitcoin price will ever go up, then get out, get out and sell all your coins and do not buy any. However, if you know more about bitcoin and know that it will be higher than this, then you are aware that it is going to be as good as it gets and we are all going to profit from this as much as we possibly could. Thats the most important thing and should be the main point of this stagnation, just buying as much as we possibly could.

[Kelward]

There have been concerns and allegations circulating about Binance, suggesting that they may have commingled investors' funds with their own revenue. Some argue that this has led to the recent market collapse. However, despite the fear, we haven't witnessed a significant sell-off. It appears that Bitcoin is experiencing its typical fluctuations and is relatively stable at the moment. Nevertheless, it's crucial to approach investments with caution. If we cannot weather the downturns in the market, it becomes challenging to generate profits.

I've always known that in any trading there will always be fluctuations, it's charts moving up and down to favor some while disfavoring others. Something must be the cause, whether internal or external, so if bitcoin is experiencing fluctuations, it is to be expected, it depends on the trader to asses situation and make favorable decisions. So I agree with you that it is important to approach investment with caution, in order to minimize or totally avoid loses.

[AnonBitCoiner]

Bitcoin price is still 27k$ today and I think that this year the prediction of its price is somewhat difficult but we have hope that next year will be a happy life for all bitcoin holders. At the price of 27k$ making investment will be full of advantages as everyone knows well that Bull run is coming soon.

It's important to choose bitcoin before it goes up in coming years so therefore you will easily get profit but I think that if someone has even little profit then remove that profit while other portion being invested should remain there for further success in future.

[Silberman]

I feel like this is actually a good thing, why? Because when the price is stable that means you have a lot of time to buy it before it goes up. Its not going to stay like this forever, we all know that it will eventually go up, even if it goes down first that still doesn't change the fact that it will go higher than this one day. If you ever doubt that bitcoin price will ever go up, then get out, get out and sell all your coins and do not buy any. However, if you know more about bitcoin and know that it will be higher than this, then you are aware that it is going to be as good as it gets and we are all going to profit from this as much as we possibly could. Thats the most important thing and should be the main point of this stagnation, just buying as much as we possibly could.

Exactly, this is the perfect moment to buy as the price is relatively stable compared to what we can see during a bull run or a bear market, and if we think about it a price of 27k is a very good entry price, since I think that at minimum bitcoin is going to reach a price of 100k during the next bull run so we are talking about profits which are close to 300% in just a matter of 18 months, a performance that very few assets are going to be capable of giving in such a short amount of time.

[serjent05]

I feel like this is actually a good thing, why? Because when the price is stable that means you have a lot of time to buy it before it goes up. Its not going to stay like this forever, we all know that it will eventually go up, even if it goes down first that still doesn't change the fact that it will go higher than this one day. If you ever doubt that bitcoin price will ever go up, then get out, get out and sell all your coins and do not buy any. However, if you know more about bitcoin and know that it will be higher than this, then you are aware that it is going to be as good as it gets and we are all going to profit from this as much as we possibly could. Thats the most important thing and should be the main point of this stagnation, just buying as much as we possibly could.

Exactly, this is the perfect moment to buy as the price is relatively stable compared to what we can see during a bull run or a bear market, and if we think about it a price of 27k is a very good entry price, since I think that at minimum bitcoin is going to reach a price of 100k during the next bull run so we are talking about profits which are close to 300% in just a matter of 18 months, a performance that very few assets are going to be capable of giving in such a short amount of time.

Not all sideway is the perfect chance to buy bitcoin.  There some instances where a sharp drop followed a sideway move of the bitcoin market.  It is when the market is coming from recording the ATH and the bull market is transitioning to a bear market.  But I agree that at the current condition of the market, it is a good time to buy Bitcoin now before the market is fully transitioned to bullish and start surging.

[pooya87]

This is not just stagnation of bitcoin price, it is the stagnation of global economy and more specifically the inflation+recession going on in US and EU. It is also unrelated to the US debt ceiling shenanigans since this "stagnation" has been going on ever since March and generally speaking we had the drop and prevention of the rise for the past year considering how the world economy fell apart in the same time!

[traderethereum]

Not all sideway is the perfect chance to buy bitcoin.  There some instances where a sharp drop followed a sideway move of the bitcoin market.  It is when the market is coming from recording the ATH and the bull market is transitioning to a bear market.  But I agree that at the current condition of the market, it is a good time to buy Bitcoin now before the market is fully transitioned to bullish and start surging.

That's true because, usually, sideways can only happen briefly and trap us into buying at the current price.
But if they want to buy the sideways, we can only suggest buying with a small amount of money to check the market situation and from there, we can see what will happen in the next hour.
Usually, after an hour, there will be movement, either up or down so we can decide to buy again or keep holding it.
And right now, they should just hold on to their bitcoins because the price has gone up a lot higher than yesterday but if they still want to check the situation, they can buy more because the situation is still unpredictable.

[riantolie]

Right now is a pretty good price to buy still, I agree. But I'm so glad that I managed to buy BTC for below $20,000 at the beginning of this year. After that, it feels kinda expensive to buy it at $25-28K.

[TheUltraElite]

Right now is a pretty good price to buy still, I agree. But I'm so glad that I managed to buy BTC for below $20,000 at the beginning of this year. After that, it feels kinda expensive to buy it at $25-28K.

16k was the lowest touched this year and that was in first few weeks of January and you would be pretty lucky to have caught bitcoin at that level. Of course much higher prices are possible as the year progresses and hence I am holding during the stagnation period. It is important not be come impatient and sell at the price right away. Though if someone feels anxious about losing the opportunity to sell they should sell only a fraction of what they bought. Next bill run is not easy to predict - upcoming news and have an effect on that. But holders will always profit from the long run.

Patience is the key here. You have to be the one with the iron hands to keep holding but very swift to sell once all time highs reach.

[BenCodie]

Stagnation in bitcoin price is better than stagflation of fiat money...which is rampant all over the world. High inflation and low economic activity is destroying money, and Bitcoin is the only way to retain and store value against its demise. Debt ceiling will probably be raised (I thought it was already with 2 year limit?) and in 2 years, may be the countdown until Bitcoin take-off. Expect a lot of "monetary policy" and "quantitative easing" that will devalue USD and other fiat currency in the meantime.

[Franctoshi]

Not all sideway is the perfect chance to buy bitcoin.  There some instances where a sharp drop followed a sideway move of the bitcoin market.  It is when the market is coming from recording the ATH and the bull market is transitioning to a bear market.  But I agree that at the current condition of the market, it is a good time to buy Bitcoin now before the market is fully transitioned to bullish and start surging.

That's true because, usually, sideways can only happen briefly and trap us into buying at the current price.
But if they want to buy the sideways, we can only suggest buying with a small amount of money to check the market situation and from there, we can see what will happen in the next hour.
Usually, after an hour, there will be movement, either up or down so we can decide to buy again or keep holding it.
And right now, they should just hold on to their bitcoins because the price has gone up a lot higher than yesterday but if they still want to check the situation, they can buy more because the situation is still unpredictable.

The recent side ways movement is usually caused by indecision in the market, or when the market is hugely surrounded with uncertainties and sometimes could be as a result of no high impact news which helps in the movement of the market, for instance Fed has not come out with another rate hykes or rate cuts in the past few weeks, because investors and traders take their investment and trading decisions base on the datas that comes out of Fed, while some are sitting on the sideline waiting for the price to break out of the ranging market.

[Renampun]

Bitcoin's price holds steady near $27,000 as investors consider debt ceiling developments. CoinDesk's former head of research writes that with much government efforts in such large, emerging countries as PAKISTAN and NIGERIA to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.
The most valuable cryptocurrency in terms of market value (BTC) was currently trading at around $26,866, up 0.4%. According to CoinDesk data, BTC has been trading between $26,500 and $27,500 for nearly two weeks due to macroeconomic uncertainty. Crypto traders are uncertain as to how Bitcoin will behave over the next few days, weeks or even months.
The probability of default is quite low, but if it does, it might feel like a blow to risk appetite, sending cryptos sharply lower.
Bitcoin is content to trade towards the bottom of its previous trading range of $26,500 to $30,000.
Currently it's trading at $26,784.00.
Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

this is reasonable considering that until now global market conditions are still unstable and most of the government's decisions are not in favor of the bitcoin price movement, that is what has hampered the bitcoin price. right now there is no need to get your hopes up too high that the price of bitcoin will increase significantly, because we are not there yet.

bitcoin price could increase before the halving, chances are that it will increase significantly it will last a few months later, so if possible you can set up your current position to continue to hold and increase the value of your investment before the halving occurs.

[Bushdark]

Stagnation in bitcoin price is better than stagflation of fiat money...which is rampant all over the world. High inflation and low economic activity is destroying money, and Bitcoin is the only way to retain and store value against its demise. Debt ceiling will probably be raised (I thought it was already with 2 year limit?) and in 2 years, may be the countdown until Bitcoin take-off. Expect a lot of "monetary policy" and "quantitative easing" that will devalue USD and other fiat currency in the meantime.

The only safe place for us to save our money in Bitcoin which is the number one safest cryptocurrency in the market. People orefer6to buy Bitcoin than accumulating some altcoins that are in the market having no long term value. We are seeing the way interest rate keep increasing and there is no tangible source of income for people to feel relax and build there dreams. Inflation keep increasing everyday making the price of foods and other services to increase without a proper plab to find this. The only place we can find refuge is in Bitcoin wjer the government would not come and get access to our crypto holdings.

[Quidat]

Not all sideway is the perfect chance to buy bitcoin.  There some instances where a sharp drop followed a sideway move of the bitcoin market.  It is when the market is coming from recording the ATH and the bull market is transitioning to a bear market.  But I agree that at the current condition of the market, it is a good time to buy Bitcoin now before the market is fully transitioned to bullish and start surging.

That's true because, usually, sideways can only happen briefly and trap us into buying at the current price.
But if they want to buy the sideways, we can only suggest buying with a small amount of money to check the market situation and from there, we can see what will happen in the next hour.
Usually, after an hour, there will be movement, either up or down so we can decide to buy again or keep holding it.
And right now, they should just hold on to their bitcoins because the price has gone up a lot higher than yesterday but if they still want to check the situation, they can buy more because the situation is still unpredictable.

The recent side ways movement is usually caused by indecision in the market, or when the market is hugely surrounded with uncertainties and sometimes could be as a result of no high impact news which helps in the movement of the market, for instance Fed has not come out with another rate hykes or rate cuts in the past few weeks, because investors and traders take their investment and trading decisions base on the datas that comes out of Fed, while some are sitting on the sideline waiting for the price to break out of the ranging market.

Sideways is really a normal market condition on which its true that there's really an uncertainty or having still no decision in between buyers sellers and of course it would really be having that kind of
sideways movement which it would really be having no sure on making up a position whether you would really be buying or selling. This is on the time i would really be waiting up for some
fundamentals which it would really be dictating out whether the market would go positive or negative basing up on the events or news. This is why decisions would really be varying depending on the analysis you do have and of course the risks taking you would really be having into. Its hard and this what makes whether  you do buy or sell according on what you had seen or analyzed.
Its never been simply on taking steps or actions on a market on which it is really that truly that unpredictable.

[pawel7777]

I think a combo of US debt ceiling being resolved and if at the Fed in 3 weeks there is a pause on interest rate hikes then these could send Bitcoin back up to $30k. Right now investors are just too scared.

There are voices out there saying that raising the debt ceiling could have a negative effect on the crypto market. Treasury will now have to raise funds by auctioning large amounts of T-bills, which potentially could suck out a portion of liquidity off the crypto market, which is already pretty low compared to previous years, which could cause a correction.

[serjent05]

Invest what you can afford to lose, it's good to hodl BTC if you can afford to lose what you intend to invest or what you invested 🌝

I do not think that someone will lose something if they hodl BTC.  As long as a person don't sell his holdings he will never lose something because BTC = BTC.  Holding and selling when the price appreciates simply means a person who is selling got profit.  It is wise advice to say invest what you can afford to lose but I think in Bitcoin it is fit to say to hodl if you can't afford to lose your profit in your Bitcoin investment.