What do you think Bitcoin Market Need Promotes for Price up ?

[Nrcewker]

I am Seeing Bitcoin Market is Not good Its Correction every Time 
It can Hit $25000  ?

There is equal chance that Bitcoins can go up, or will come down. Basically you need to understand when the price fluctuates or what events cause price to move up or down. Unlike any other asset, Bitcoins follow demand and supply policy. Both are inversely proportional to each other. We know Bitcoins are limited in number hence when the demand to acquire it increases, the price goes up. The reverse also happens when demand decreases and price goes down. Currently if we see the market, then hitting 25k is very difficult. We can expect 35k usd in the next few months.

[bbc.reporter]

Yes it can certainly dump to $25k, however, it might also form a bullish divergence with the 14 day RSI which might imply that it will pump there after. This dump should be welcomed by buyers because clearly buying on $25k is better for your money than buying on $30k.

Also, there are unexpected occurrences in the cryptospace that should make everyone more bullish and know that we are at the end of the bear market. Occurence 1 is Ripple's victory against the SEC. Occurence 2 will be spot ETF approval.

If that happens then the situation will become more infuriating for investors and traders who took entries aorund $30k. But the risk is always there so they might not react tht much. But there are newbies too, to whom news outlets, titok, Twitter Influencers had motivated that BTC is going fo bullish cycle in 2024.\

Such news or statements attract many newbie to fall pray to FOMO. And not they might be suffering. Almost $100 million plus trades were liquidated just because market goes below 29,000$. I hope this will not occur and market would maintain its price at $29,000 at least.

The feeling of being more infuriated should be replaced by a feeling of more excitement. They would be the most infuriated if they dump on $25k because if it pumps back to $30k, what has occured? They dumped low and will be forced to pump high just like any newbie hehehe. Also, the observers who have not yet entered the market are in presently disbelief. They will be the next people to pump it higher when they feel the fear of missing out.

[YUriy1991]

I am Seeing Bitcoin Market is Not good Its Correction every Time  
It can Hit $25000  ?

Good, this can make us smile a little when reading your post above  . What the market needs right now is high demand buying action and not selling especially BTC. if that keeps happening, it could put pressure on the price of BTC. Bitcoin Market Need Promotes for Price up ? I think that's just for new coins, for BTC, there's no need anymore.

Well, if there is a market correction that you see, that is normal. Many Investors are currently waiting for further decisions regarding interest rates and trading of BlackRock's proposed Bitcoin ETF. For the prospect of the price of Bitcoin (BTC) in July 2023 will depend on the closing price level at the end of the first half of 2023 whether Bitcoin is able to reach the level of $ 33.K at the end of this semester because it is the Lower Low price that occurred in January 2022.

[Faisal2202]

The feeling of being more infuriated should be replaced by a feeling of more excitement. They would be the most infuriated if they dump on $25k because if it pumps back to $30k, what has occured? They dumped low and will be forced to pump high just like any newbie hehehe. Also, the observers who have not yet entered the market are in presently disbelief. They will be the next people to pump it higher when they feel the fear of missing out.

You have got a valid point, i didn't think of it from this angle. Well, at the end its a win win for BTC then. So, those who have took entries at $30k and are infuriating, they should shed an eye on this side too. I am from one of those hehe. Well, thanks for the heads up. Actually, currently everywhere people are talking about BTC going down to $25k again some are even saying BTC might went to $7k (can you believe that). Well, the thing is, i am looking at such statements as a newbie and trying to see how i would react on such posts.

[bbc.reporter]

@Faisal2202. Similar to what I have already said, there are certain occurrences that should be taken as signals for the end of the bear market. Ripple and Brad Garlichouse's victory over the SEC's case filed against them should be one of them. This has declared that XRP is not an illegal security and for this reason an argument can be created that many of the other tokens in the cryptospace might also not be illegal securities. This is bullish for all of the cryptospace because investors will not be afraid of doing anything illegal.

The other one will be Blackrock's ETF approval.

[savetheFORUM]

OP why don't you just sell if you're so worried? I always wish people like you who think 25000 is such a scary low price should all just leave the market and sell. Then so prices can go lower and people like me who think this is such a discount can get even more stackings

But if he does that he will surely lose even more. This is the common problem when it comes to investing, and that is we are worried and worse it can lead to selling at a loss. People like the @OP might only be a newbie and they also invest when Bitcoin price is higher than that ($25000 ).

Given that they also do their part of supporting Bitcoin, then we shouldn't hate them but better if we can just guide them or give them advice if what is the best thing that they can do on a situation like this, so that they will stay calm and maybe buy even more? That should prevent the price from dipping further but it can only make it stabilize or recover.

[Faisal2202]

@Faisal2202. Similar to what I have already said, there are certain occurrences that should be taken as signals for the end of the bear market. Ripple and Brad Garlichouse's victory over the SEC's case filed against them should be one of them. This has declared that XRP is not an illegal security and for this reason an argument can be created that many of the other tokens in the cryptospace might also not be illegal securities. This is bullish for all of the cryptospace because investors will not be afraid of doing anything illegal.

The other one will be Blackrock's ETF approval.

The thing is BlackRock's ETF is not the only one, there are 5 to 6 more institutes are in the line, plus you have shared many good news which although are old (like not very old) but they are really bullish news, and many news are still coming. But, Bad news are also there to surprise us. Like the MT GOX BTC selling around October, then the seized BTC selling in batches.

Such news might increase the supply over demand but i am seeing currently market is in hype and good news are keep coming which is a good indicator so i am bullish right now. And one more thing is CZ and Binance has filed to remove cases and allegations made on them by SEC. Which might also ignite the current rocket of BTC towards moon. As vast adoption is all we need right now. And that is happening.

[ShowOff]

The thing is BlackRock's ETF is not the only one, there are 5 to 6 more institutes are in the line, plus you have shared many good news which although are old (like not very old) but they are really bullish news, and many news are still coming. But, Bad news are also there to surprise us. Like the MT GOX BTC selling around October, then the seized BTC selling in batches.

Such news might increase the supply over demand but i am seeing currently market is in hype and good news are keep coming which is a good indicator so i am bullish right now. And one more thing is CZ and Binance has filed to remove cases and allegations made on them by SEC. Which might also ignite the current rocket of BTC towards moon. As vast adoption is all we need right now. And that is happening.

It is simply impossible to rule out good news and bad news to influence supply and demand. The bitcoin price is expected to recover better post correction, but we are still too far from the halving so there will still be some ups and downs associated with the price.

I'm not going to worry too much about bitcoin price volatility as I'm starting to establish myself to hold bitcoin long term. I tend to collect as much as I can, it will definitely give me a good chance of getting a return in the long run. Demand will be even higher if a bitcoin ETF is approved, few other things are also in line to support the upside. There is a lot of positive news to be expected ahead of the halving, but FUD will also remain interfere with the plans of some holders.

[AakZaki]

You have got a valid point, i didn't think of it from this angle. Well, at the end its a win win for BTC then. So, those who have took entries at $30k and are infuriating, they should shed an eye on this side too. I am from one of those hehe. Well, thanks for the heads up. Actually, currently everywhere people are talking about BTC going down to $25k again some are even saying BTC might went to $7k (can you believe that). Well, the thing is, i am looking at such statements as a newbie and trying to see how i would react on such posts.

That dataless statement is FUD, many say bitcoin will hit ZERO and be worthless.
But are we going to believe it? Of course, as a crypto activist who has been in crypto for a long time, it would not be easy for him to believe in such FUD. Everything has an analysis, If some people say that Bitcoin will drop to $ 7k then show a valid analysis, it will give strength to the argument. Otherwise it's just trash FUD that won't change anything.

[Falconer]

-snip-

That dataless statement is FUD, many say bitcoin will hit ZERO and be worthless.
But are we going to believe it? Of course, as a crypto activist who has been in crypto for a long time, it would not be easy for him to believe in such FUD. Everything has an analysis, If some people say that Bitcoin will drop to $ 7k then show a valid analysis, it will give strength to the argument. Otherwise it's just trash FUD that won't change anything.

Just one word to anyone who says that bitcoin is going to be 0 now, that is bullshit.
It's not impossible to get bitcoin to be 0 in the future, but I don't think it will be in 10 or 20 years. Bitcoin will get more use cases and will be adopted as a means of payment as often as possible, in fact I can imagine that regulations around bitcoin will be relaxed and governments will support it.

Currently bitcoin only needs the support of big countries with good economic power to get most other countries to adopt it. But conversely, it would also be the same if big countries like America and others banned bitcoin completely including trading and mining. There will be a big impact because of the regulation, but I don't think it will happen in such a short time.

[TravelMug]

I am Seeing Bitcoin Market is Not good Its Correction every Time 
It can Hit $25000  ?

There is equal chance that Bitcoins can go up, or will come down. Basically you need to understand when the price fluctuates or what events cause price to move up or down. Unlike any other asset, Bitcoins follow demand and supply policy. Both are inversely proportional to each other. We know Bitcoins are limited in number hence when the demand to acquire it increases, the price goes up. The reverse also happens when demand decreases and price goes down. Currently if we see the market, then hitting 25k is very difficult. We can expect 35k usd in the next few months.

Yeah, its up to what the market price will go, there could be others who want the price to tank and go down to $25k and then they can buy more. And then there is this group that we wanted to see the price rising again to at least $30k-$31k. So there are two forces trying to pull each other out and see who is going to win. But for me, the only chance that we can go back down to $25k or lower is that we see another negative news.

But so far market is stable, no more FUD and if there are, it will settle down in the next 2-3 days and then price bouncing back. So I wouldn't be surprised if market will just move sideways for now but then at the start of August it will be bullish again.

[slaman29]

OP why don't you just sell if you're so worried? I always wish people like you who think 25000 is such a scary low price should all just leave the market and sell. Then so prices can go lower and people like me who think this is such a discount can get even more stackings

But if he does that he will surely lose even more. This is the common problem when it comes to investing, and that is we are worried and worse it can lead to selling at a loss. People like the @OP might only be a newbie and they also invest when Bitcoin price is higher than that ($25000 ).

Given that they also do their part of supporting Bitcoin, then we shouldn't hate them but better if we can just guide them or give them advice if what is the best thing that they can do on a situation like this, so that they will stay calm and maybe buy even more? That should prevent the price from dipping further but it can only make it stabilize or recover.

So you totally missed my point. If he's so worried, sell now and he loses an amount he knows, and stops stressing and quits Bitcoin.

Good for him and good for us who chose to stay behind.

I don't hate ppl like OP, I just wish they all sell now and stop speculating. If you can't stand seeing price drop, Bitcoin is so not for you.

[Faisal2202]

-snip-

That dataless statement is FUD, many say bitcoin will hit ZERO and be worthless.
But are we going to believe it? Of course, as a crypto activist who has been in crypto for a long time, it would not be easy for him to believe in such FUD. Everything has an analysis, If some people say that Bitcoin will drop to $ 7k then show a valid analysis, it will give strength to the argument. Otherwise it's just trash FUD that won't change anything.

Just one word to anyone who says that bitcoin is going to be 0 now, that is bullshit.
It's not impossible to get bitcoin to be 0 in the future, but I don't think it will be in 10 or 20 years. Bitcoin will get more use cases and will be adopted as a means of payment as often as possible, in fact I can imagine that regulations around bitcoin will be relaxed and governments will support it.

Currently bitcoin only needs the support of big countries with good economic power to get most other countries to adopt it. But conversely, it would also be the same if big countries like America and others banned bitcoin completely including trading and mining. There will be a big impact because of the regulation, but I don't think it will happen in such a short time.

I could not agree more, as adoption is happening and that's what we needed. People like the Pizza guy made sacrifices to streamline the use of BTC (First Step is all we needed). And from then BTC is getting hype. And thinking about BTC going to zero is very scary but unbelievable too. So, i agree with you on this.

Why would the USA will adopt it openly, they are political geeks (i know that's not a word but you must have understood my point). And they always find a way to eat something (either its currency or country) by partially adopting it. This means they already making a profit from the seized BTC of many platforms like bitfinex etc. And they are focusing to get more projects like those to grow and establish in the USA so that one day the USA could also eat them by not adopting their rules (which mean they will say you are going against our rules or new rules).

and AakZaki I totally agreed with your point too that this is all fud and that's what i tried to experience as a newbie that is how it will make me to react. Either i will sell my holding or I will wait. (as i have some knowledge so i just ignored it by saying some magical words to that poster)

[armanda90]

Just one word to anyone who says that bitcoin is going to be 0 now, that is bullshit.
It's not impossible to get bitcoin to be 0 in the future, but I don't think it will be in 10 or 20 years. Bitcoin will get more use cases and will be adopted as a means of payment as often as possible, in fact I can imagine that regulations around bitcoin will be relaxed and governments will support it.

Currently bitcoin only needs the support of big countries with good economic power to get most other countries to adopt it. But conversely, it would also be the same if big countries like America and others banned bitcoin completely including trading and mining. There will be a big impact because of the regulation, but I don't think it will happen in such a short time.

Some people stupid opinion about bitcoin will be zero and not worth values any more, I don't know where are their ideas come from and have speculation about bitcoin will be zero. Bitcoin have been popular as investment assets or digital currency payment transaction adopted by many countries and companies right now, how possibility bitcoin values drop to zero and the holder never won't sell their bitcoin investment fund with lower price. I don't believe with frustrated people said Bitcoin going to be zero, seems they want to make FUD and get chance to buy back bitcoin in lower price.
Current condition with several countries against for adopting bitcoin as legal payment currency I don't think with bitcoin values will drop to be zero, Bitcoin have been worth investment fund for the future despite still not legalize payment in several countries.

[WatChe]

There is equal chance that Bitcoins can go up, or will come down. Basically you need to understand when the price fluctuates or what events cause price to move up or down. Unlike any other asset, Bitcoins follow demand and supply policy. Both are inversely proportional to each other. We know Bitcoins are limited in number hence when the demand to acquire it increases, the price goes up. The reverse also happens when demand decreases and price goes down. Currently if we see the market, then hitting 25k is very difficult. We can expect 35k usd in the next few months.

Its not the first time we are hearing such predictions about future price of Bitcoin. Whenever bitcoin takes a dip or its price goes down for any reason such predictions start coming. Bitcoin price has just taken a small correction and is still trading above 29k. There are not much chances of Bitcoin going below 29k$ (though anything can happen with Bitcoin price) and even if it goes to 25k then its a good opportunity to grab bitcoin at discounted price.

[Crypto Library]

I am Seeing Bitcoin Market is Not good Its Correction every Time 
It can Hit $25000  ?

Actually Bitcoin doesn't need that kind of promotions which has to needed for new cryptocurrencies I mean new altcoin. But if say about the overall things then yes for increasing the demand of bitcoin it should be spread out all over the world all over the countries.
To see, various surveys have come out that still only two to three percent of the world's population knows about cryptocurrency. So in this case I think it is necessary to run awareness campaign in country to country to promote bitcoin or crypto currency.  Only then people will be aware of its positive and effective aspects. And this will attract people to invest here, the result of which will bring a positive spin on the market.

[Distinctin]

I am Seeing Bitcoin Market is Not good Its Correction every Time 
It can Hit $25000  ?

Bitcoin is highly volatile so you can’t set its price and expect a consistent price surges most of the time. And as long as bitcoin remains volatile, there will be constant price correction which makes it to move bullish or bearish depending on the current position of the market.

The only thing I can see for bitcoin price not to fall so deeply but stay in an impressive price, is to maximize buying bitcoin so that it’s demand will increase, making its supply low and limited, hence making its price more costly and expensive.

[AmoreJaz]

There is equal chance that Bitcoins can go up, or will come down. Basically you need to understand when the price fluctuates or what events cause price to move up or down. Unlike any other asset, Bitcoins follow demand and supply policy. Both are inversely proportional to each other. We know Bitcoins are limited in number hence when the demand to acquire it increases, the price goes up. The reverse also happens when demand decreases and price goes down. Currently if we see the market, then hitting 25k is very difficult. We can expect 35k usd in the next few months.

Its not the first time we are hearing such predictions about future price of Bitcoin. Whenever bitcoin takes a dip or its price goes down for any reason such predictions start coming. Bitcoin price has just taken a small correction and is still trading above 29k. There are not much chances of Bitcoin going below 29k$ (though anything can happen with Bitcoin price) and even if it goes to 25k then its a good opportunity to grab bitcoin at discounted price.

you can't escape from all these speculations because we know a lot of people are hoping for the high profits in this market. they want to see the pulse of the community and where this market is heading to.
most are after for the quick profit, hence, a lot are asking when will the price of BTC will go up?
adoption is one of the contributing factors to increase the demand in the market, and we are already progressing on this aspect. the market price is basically dictated by supply and demand concept.

[Husires]

Prediction of the price in the short term will not change badly. There is still a good possibility that the price will be above 40,000 before the end of the current world, and perhaps 100,000 before the end of next year, so there is no difference between a temporary return of 25,000.

Currently bitcoin only needs the support of big countries with good economic power to get most other countries to adopt it. But conversely, it would also be the same if big countries like America and others banned bitcoin completely including trading and mining. There will be a big impact because of the regulation, but I don't think it will happen in such a short time.

For the price to reach levels above $100,000, you are talking about a market capacity of about $3 trillion, which is possible without more governments adopting Bitcoin. Therefore, at the present time, Bitcoin does not need any support from any country, or at least to reach the price of $100,000, which is the bet of the cycle. which may extend over a period of four years.

[lixer]

I am Seeing Bitcoin Market is Not good Its Correction every Time 
It can Hit $25000  ?

Bitcoin is highly volatile so you can’t set its price and expect a consistent price surges most of the time. And as long as bitcoin remains volatile, there will be constant price correction which makes it to move bullish or bearish depending on the current position of the market.

The only thing I can see for bitcoin price not to fall so deeply but stay in an impressive price, is to maximize buying bitcoin so that it’s demand will increase, making its supply low and limited, hence making its price more costly and expensive.

The halving event is probably what you are talking about, that's the only way the supply or the circulating supply can become slower and that will surely help the price go up since the demand will keep increasing and if the tokens coming into circulation start getting lower, that will surely have some impact on the price in the long run. So even though we can't predict the price accurately or precisely, we can say that the price of Bitcoin will eventually go up.

For the short term, we can expect dips happening every now and then, and currently as we saw, Bitcoin's price was struggling to go above $31k even after trying so much, which shows that there isn't much buying pressure on the market which is why it was struggling to go up, so we can expect small dips from here.