Share your opinion on the market.

[Xcode7]

I also thought 30k would come early, but now we are a little bit away from that price. I agree with your opinion that there will be manipulations in December because people can spend so much money for Christmas. For this, resources are required and they can obtain this resource through manipulations.

Bitcoin needs good news and institutional investors need to show up now.

Elon Musk has the potential to boost Bitcoin's trading volume by year-end through a renewed acceptance of Bitcoin as a payment method for Tesla or other crypto-friendly initiatives that could resonate positively with the crypto community. This is elaborated upon in the following thread: https://bitcointalk.org/index.php?topic=5467398.0



In my own perspective, I believe that the price of Bitcoin will experience a period of sideways movement due to the ongoing decline in trading volume. Indeed, scenarios are needed to stir the market in late 2023, and one of these could be the news of Elon Musk once again embracing Bitcoin. Alternatively, other developments may surface within the next month. Let's keep an eye out for them.

I really believe in this because I think Elon Musk is someone who has quite a lot of power in playing market prices.
However, apart from that, if you look at the current market conditions which are quite strong without any significant price movements, it proves that the support is quite high, so logically I think this is a positive thing which allows other positive things to happen, namely an increase which is very possible to happen. .

And for the price of 30k I think it is not difficult to see it again this year, throughout the year the price of 30k is a fairly strong price and even though there have been corrections and increases we have seen the price of 30k very often, so it is very possible for it to happen again.

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[kingvirtus09]

I saw this image from a telegram page. I don't know but thought it wise to bring it here to the forum. Maybe we can brainstorm discussion-wise based on individuals opinions. From the image as shown above what's your prediction on the direction of the market next move?  Feel free to express your opinion be you a professional or trading expert or not.

To be honest, if Bitcoin holders are long-term holders today, I am very sure they are unaffected by what is going on in the market, since analyzing the chart today, I can conclude we are still negative.

Also, based on my technical analysis, it is probable that it will drop another 25k$, at which point it will liquidate, but this is dependent on what occurs in the news in the coming days. Of course, if it is entirely negative, the market will fall. And if that happens many of the communities will take the chance to buy Bitcoin and some other altcoins as well.

[michellee]

The image provided by @bayu7adi shows that Bitcoin's movement looks sideways, so it is possible to continue. Maybe until the end of this month, the movement will still be the same.

And I agree with @bayu7adi that if Elon accepts Bitcoin payments again, it could boost Bitcoin prices to increase. But I don't think too much about it. Elon often changes his tweets suddenly.

I still think that Bitcoin price conditions look sideways for a while. And reaching the price of $30k still seems difficult this month. No one knows what will happen in the next month but hopefully, there will be some good news released so that the price of Bitcoin can increase. But we must remember that the price of Bitcoin can go anywhere and without any notice. So we better be prepared for all possibilities.

[ajiz138]

The image provided by @bayu7adi shows that Bitcoin's movement looks sideways, so it is possible to continue. Maybe until the end of this month, the movement will still be the same.

Sideways have happened several times in the previous few months when bitcoin was at $30K, it was sideways monthly, the following month was the same below that price, currently there has been no upward price movement because the market is still under pressure.

And I agree with @bayu7adi that if Elon accepts Bitcoin payments again, it could boost Bitcoin prices to increase. But I don't think too much about it. Elon often changes his tweets suddenly.

This is a new issue that I heard, it's not surprising that Elon Musk is paying attention to Bitcoin as a payment method again, but he always shows his silliness so he's not completely sure that he will integrate Bitcoin into his payments again.
If he tweets again about bitcoin, then the hype will come.

I still think that Bitcoin price conditions look sideways for a while. And reaching the price of $30k still seems difficult this month. No one knows what will happen in the next month but hopefully, there will be some good news released so that the price of Bitcoin can increase. But we must remember that the price of Bitcoin can go anywhere and without any notice. So we better be prepared for all possibilities.

Never worry about where Bitcoin will go, if it goes up then it's good news about other positives, if it goes down then prepare for even greater accumulation.
The forecast for the next month will be sideways again for a month.

[GeorgeJohn]

That is the previous increase and decrease of bitcoin marketcap, that did not let us to conclude that bitcoin have already increased or fall at any point in time, interpreting such chart I will say the movement of the candle sticks showing that the market was promising and later depreciate in value, so let us not conclude that with such chart that the market of cryptocurrency is increasing.what we should ask ourselves is that, such chart does that shows that its something of recent or 2017 chart of bitcoin,  because sometimes some of the promoters and signals people who use the predictions of bitcoin  price for money usually post an old chart of bitcoin increment and decrement in order to get paid through social media accounts.

What I want you understand is that whenever you see such thing don't on your own think that maybe bitcoin  has rise beyond the market expectations by investors, just scrutinised the market and across check by gathering information to another source before you can take your decision and render your own opinion to people. Secondly you have to learn the chart of cryptocurrency especially bitcoin, so that you will be able to know when the price of bitcoin is about to increase and when the price of bitcoin  decreases.

[YUriy1991]

I saw this image from a telegram page. I don't know but thought it wise to bring it here to the forum. Maybe we can brainstorm discussion-wise based on individuals opinions. From the image as shown above what's your prediction on the direction of the market next move?  Feel free to express your opinion be you a professional or trading expert or not.

I don't think that we need to brainstorm it though, I'm no expert, but it seems that the price is going on a roller coaster ride.
Meaning, we are still in the bear market, we can't even break the $30,000 barrier again? So just expect that the market will go on a sideway pattern in short term.
So it could be this month, or maybe up to the end of the year.
But as others have said, since we are in the bear market, then still take advantage of the market, just continue to accumulate as much as you can.

That's right and I agree with you in reading this, yes, the market situation is still the same as before, it's still sideways and hasn't shown the direction of a good movement, but what we have to understand is how to take advantage of the situation and increase profits with a trading method that produces the important thing that is realistic and not dizzy after entering the market because the ultimate goal in trading is profit, not loss.

[Don Pedro Dinero]

And I agree with @bayu7adi that if Elon accepts Bitcoin payments again, it could boost Bitcoin prices to increase. But I don't think too much about it. Elon often changes his tweets suddenly.

Well, Elon accepting bitcoin payments for Tesla again or the final approval of the bitcoin spot ETF could have an upward influence but as we get deeper into the bull market there may also be other news that can push the price upwards that we cannot foresee now. Although in the case of Elon we have already seen that just as he can push the price up, he can push it down, however much it may weigh on us, and in the case of the bitcoin spot ETF, although I believe that the initial reaction will be upwards, he can also add volatility and push the price down faster in downturns.

[jasonjm]

The market can go in either direction. The price at the moment is consolidated between $25k to $27k, and we might see a fake-out rally towards $30k to attract more investors. Many analysts are predicting that the market correction is not over yet, and we might see a dip toward $20k or below in the coming months. SEC is also playing a central role in determining the next move, with ETF approval and Binance US investigation. Investors are waiting for ETF approval by the SEC. Let's see whether they approve or reject the request. I think the price will pump after BTC halving next year.

[mich]

Well I think my opinion on the market right now is the same as lots of other people. I think we are  waiting very patient for ETFs and then the halving next year for the next 'bull run'.

I think we were hoping for the price of Bitcoin to be more then $26k right now. But we all know the next 'bull run' will be rewarding for us.

[WatChe]

Well I think my opinion on the market right now is the same as lots of other people. I think we are  waiting very patient for ETFs and then the halving next year for the next 'bull run'.

I think we were hoping for the price of Bitcoin to be more then $26k right now. But we all know the next 'bull run' will be rewarding for us.

I would say more expectations are from halving next year then the ETF launching. The reason why we see a stable Bitcoin price is because majority of Bitcoin investors are eyeing on halving coming up next year. Its very positive from Bitcoin prespective that price of Bitcoin is stable in between 25k to 30k window, something never seen before. My oponion about market is that its taking necessary and final preparation before the halving event coming up next year.

[michellee]

snip

Sideways have happened several times in the previous few months when bitcoin was at $30K, it was sideways monthly, the following month was the same below that price, currently there has been no upward price movement because the market is still under pressure.

And during this month, Bitcoin's movement remained sideways even though the price level was different from last month. Even though there have been increases and decreases this month, the sideways position still dominates Bitcoin prices. So let's wait until the end of this month and hopefully, there will be changes in the price movement.

snip

This is a new issue that I heard, it's not surprising that Elon Musk is paying attention to Bitcoin as a payment method again, but he always shows his silliness so he's not completely sure that he will integrate Bitcoin into his payments again.
If he tweets again about bitcoin, then the hype will come.

I don't like his silliness, but that's him with all his uniqueness. If he tweets again about Bitcoin, let's hope it's at the right time so that it can boost the Bitcoin price to jump and pass $30k or $40k immediately

But if he still delayed it, it seems the market needs another boost to the upside.

snip

Never worry about where Bitcoin will go, if it goes up then it's good news about other positives, if it goes down then prepare for even greater accumulation.
The forecast for the next month will be sideways again for a month.

I'm not worried about anything that happens to Bitcoin because I already believe Bitcoin will increase again. If the prediction is that Bitcoin prices will fall next month, I will buy it again and I already prepared some money for that.

snip

Well, Elon accepting bitcoin payments for Tesla again or the final approval of the bitcoin spot ETF could have an upward influence but as we get deeper into the bull market there may also be other news that can push the price upwards that we cannot foresee now. Although in the case of Elon we have already seen that just as he can push the price up, he can push it down, however much it may weigh on us, and in the case of the bitcoin spot ETF, although I believe that the initial reaction will be upwards, he can also add volatility and push the price down faster in downturns.

Both of these things can push the price of Bitcoin to increase quickly. And if those two things come together, the Bitcoin market will become bullish and make its price jump higher. And the price could immediately reach $30k or $40k and stabilize at that price.

In Elon's case, he is still waiting to tweet at the market. And in the case of spot Bitcoin ETFs, there seems to be another delay.

[rodskee]

I saw this image from a telegram page. I don't know but thought it wise to bring it here to the forum. Maybe we can brainstorm discussion-wise based on individuals opinions. From the image as shown above what's your prediction on the direction of the market next move?  Feel free to express your opinion be you a professional or trading expert or not.

even how good it is explained here yet the market is not certain in anything ,. meaning this can change depend on how people support the market specially  Bitcoin as this will decide the faith of altcoins.

[yudi09]

-snip-

Many investors choose not to frequently open chart sites because the crypto market situation is currently weakening. Most market movements will be sideways and occasionally downwards. This is a very common opinion.
In the future, it might be more interesting to revisit the market and see how the graph will happen and where it will move while waiting for news regarding ETFs and halving, including other news such as news regarding the company Tesla which is rumored to be accepting bitcoin payments again.

[pooya87]

-snip-

Many investors choose not to frequently open chart sites because the crypto market situation is currently weakening. Most market movements will be sideways and occasionally downwards. This is a very common opinion.
In the future, it might be more interesting to revisit the market and see how the graph will happen and where it will move while waiting for news regarding ETFs and halving, including other news such as news regarding the company Tesla which is rumored to be accepting bitcoin payments again.

Investors should never bother checking the charts since investment requires long term commitment. It is the trades who get involved in the market in short term who need to check the charts and we know that the sideways market is one of the trends that they like the most since they can make profit in a moderately fixed range where they can predict the top and bottom easier.

[dansus021]

What are you thinking about this from one guy on Twitter:

Damn, those are looking very similar but broooo Twitter now is X  ,



Here I share my chart



According to my image, the Bitcoin price would be testing the near resistance on 30K and if those line break 36K is the next resistance tho we still early guys accumulate more hahaha

[Tony116]

I saw this image from a telegram page. I don't know but thought it wise to bring it here to the forum. Maybe we can brainstorm discussion-wise based on individuals opinions. From the image as shown above what's your prediction on the direction of the market next move?  Feel free to express your opinion be you a professional or trading expert or not.

even how good it is explained here yet the market is not certain in anything ,. meaning this can change depend on how people support the market specially  Bitcoin as this will decide the faith of altcoins.

Of course, nothing is certain and it is impossible to confirm anything when making predictions about the future. But as a bitcoin investor, we should also analyze and make our own predictions about the market. It can be said that prediction is an indispensable part of investing whether it can be right or wrong. If you invest without any prediction or discussion, it will be very boring and tasteless.
But talking about long-term investment, I am quite sure that the future of bitcoin is bright and we can bet our faith on it. I have complete confidence in bitcoin and in my decisions.

[YUriy1991]

Here I share my chart



According to my image, the Bitcoin price would be testing the near resistance on 30K and if those line break 36K is the next resistance tho we still early guys accumulate more hahaha

Yes, and often the market traps and creates a sensation then just drops like last night and don't forget that Jerome Powell will announce the Fed's "Fairly Close" to Target Interest Rates again and get ready for volatility to come again and The Fear & Greed Index 38.

[Natsuu]

I saw this image from a telegram page. I don't know but thought it wise to bring it here to the forum. Maybe we can brainstorm discussion-wise based on individuals opinions. From the image as shown above what's your prediction on the direction of the market next move?  Feel free to express your opinion be you a professional or trading expert or not.

I don't think that we need to brainstorm it though, I'm no expert, but it seems that the price is going on a roller coaster ride.
Meaning, we are still in the bear market, we can't even break the $30,000 barrier again? So just expect that the market will go on a sideway pattern in short term.
So it could be this month, or maybe up to the end of the year.
But as others have said, since we are in the bear market, then still take advantage of the market, just continue to accumulate as much as you can.

That's right and I agree with you in reading this, yes, the market situation is still the same as before, it's still sideways and hasn't shown the direction of a good movement, but what we have to understand is how to take advantage of the situation and increase profits with a trading method that produces the important thing that is realistic and not dizzy after entering the market because the ultimate goal in trading is profit, not loss.

I hardly oppose to most things that are said in here. The market condition wasn't the same as before. Today's trading is different. It may look alike but it is completely different circumstances, economic events, and fundamentals. Every price action in the marketplace is unique. We're actually in a down-trending market and no longer in a consolidation.

The second thing is about the ultimate goal of trading. It is following the plan. Making money is just a byproduct of the discipline and work-ethic of following one's trading plan.

[Sexylizzy2813]

I hardly oppose to most things that are said in here. The market condition wasn't the same as before. Today's trading is different. It may look alike but it is completely different circumstances, economic events, and fundamentals. Every price action in the marketplace is unique. We're actually in a down-trending market and no longer in a consolidation.

The second thing is about the ultimate goal of trading. It is following the plan. Making money is just a byproduct of the discipline and work-ethic of following one's trading plan.

The market price of Bitcoin is till dancing around $26k and for almost a week now there's no form of leaving that amount and at some point it seems to be the price for this month before entering October.
I still don't know why it hasn't gotten to $27k but when the price grows to $26,700 it will come down drastically, what's really the cause? Because we're still expecting it to go beyond $27-28k before the end of this month.

[yudi09]

-snip-

Investors should never bother checking the charts since investment requires long term commitment. It is the trades who get involved in the market in short term who need to check the charts and we know that the sideways market is one of the trends that they like the most since they can make profit in a moderately fixed range where they can predict the top and bottom easier.

The difference between investors and traders lies there. Investors don't need to bother themselves to find time to monitor price chart movements at any time. Especially investors who invest regularly.
IMO, from the differences between the two, choosing to act as an investor is more convincing than being a trader.

A market situation where the graph moves sideways is actually desired by both, not just traders, because both types of market players want the price graph to not always move sideways but downwards in order to make a profit. For day traders, they can close trades with a profit if the chart position is always sideways.