Share your opinion on the market.

[traderethereum]

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.

No need to be confused but just enjoy the price movement because it looks like the price still can't increase too much.
Even if it can, it may not reach above $29k, so we have to be satisfied seeing the price can reach higher than it was some time ago.
There will be a time when it can increase drastically and in the meantime, you should focus on collecting more bitcoins because the time to increase drastically may come suddenly.
I'm still not sure if the price can surpass $28k or even $30k by the end of this month but who knows, it becomes a reality so that in the following months, bitcoin can rise even higher.

[1714880895]

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[fzkto]

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.

No need to be confused but just enjoy the price movement because it looks like the price still can't increase too much.
Even if it can, it may not reach above $29k, so we have to be satisfied seeing the price can reach higher than it was some time ago.
There will be a time when it can increase drastically and in the meantime, you should focus on collecting more bitcoins because the time to increase drastically may come suddenly.
I'm still not sure if the price can surpass $28k or even $30k by the end of this month but who knows, it becomes a reality so that in the following months, bitcoin can rise even higher.

Now there is news that microstrategy has bought some bitcoins again. Strangely enough, but usually after such news there is a drop in price. I don't know if we should expect a repeat of this story now, but it seems to me that we will see a fall ahead one way or another. There will be a halving soon and people will need to be scared to buy coins as cheaply as possible.

[KingsDen]

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.

This is actually the time that I have much confusion about the bitcoin price and what saves me in this time is to be very attentive to the fundamentals. If the chart seems confusing to be, I'll rely on the news to make decisions.
With my little knowledge of the chart, I have seen that bitcoin price has consolidated much, it has gotten enough momentum to move. Put I am not certain the direction it will take. Whether it will push or retract more to about $24k before it will be able to pull more.
The support is becoming firm but the resistance is becoming weak, so there is a possible upward movement of the price rather than downwards.

[FinneysTrueVision]

Now there is news that microstrategy has bought some bitcoins again. Strangely enough, but usually after such news there is a drop in price. I don't know if we should expect a repeat of this story now, but it seems to me that we will see a fall ahead one way or another. There will be a halving soon and people will need to be scared to buy coins as cheaply as possible.

Because of a strong US dollar it seems that many currencies are losing value in comparison. Bitcoin was down but only slightly after the news of MicroStrategy's purchase. Bitcoin having low volatility is a positive sign. Despite bearishness in the stock market, Bitcoin has not moved much since starting the month at nearly $26k. Many people are refusing to sell due to their expectations for the halving and a potential ETF approval.

[dansus021]

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.

Ahhhhh Yess I forgot about the Mr. Powel and yes basically he can control the market too hahaha. Fundamental First guys okay. Fear when people are greed and greed when people are fear.

This is actually the time that I have much confusion about the bitcoin price and what saves me in this time is to be very attentive to the fundamentals. If the chart seems confusing to be, I'll rely on the news to make decisions.
With my little knowledge of the chart, I have seen that bitcoin price has consolidated much, it has gotten enough momentum to move. Put I am not certain the direction it will take. Whether it will push or retract more to about $24k before it will be able to pull more.
The support is becoming firm but the resistance is becoming weak, so there is a possible upward movement of the price rather than downwards.

Tho is 24K is considered as a major support many people would likely to buy if hit that level and will make long lower shadow. and I hope that Bitcoin at least touch 30K level this year and stay there.

[MusaMohamed]

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.

Nicholas Darvas, a successful stock trader has a famous advice that I like a lot.

"Rules was to read absolutely NONE OF THE NEWS about the stock!" (In a book How I Made $2,000,000 in the Stock Market)

We can read news but should not read it hourly or daily. A few times a week or month is enough, if we have good knowledge about Bitcoin and solid belief in it. Reading more news, reading news too regularly will make more chaos in our minds and our decisions can be affected.

It can be worse if we store our bitcoin in online accounts like on exchanges, reading news can make us panic sell or FOMO buy.

[GreatArkansas]

Now there is news that microstrategy has bought some bitcoins again. Strangely enough, but usually after such news there is a drop in price. I don't know if we should expect a repeat of this story now, but it seems to me that we will see a fall ahead one way or another. There will be a halving soon and people will need to be scared to buy coins as cheaply as possible.

Because of a strong US dollar it seems that many currencies are losing value in comparison. Bitcoin was down but only slightly after the news of MicroStrategy's purchase. Bitcoin having low volatility is a positive sign. Despite bearishness in the stock market, Bitcoin has not moved much since starting the month at nearly $26k. Many people are refusing to sell due to their expectations for the halving and a potential ETF approval.

Like a normal Bitcoin winter market. As you can see we are already in sideways for months and that is also what I expected. For me our price right now is healthy, the market is healthy, no huge pump or dump, like some candlewicks. It just shows that everything is organic.
For me, the exciting part will be in the first months of the year 2024, as Bitcoin block halving will happen in year 2024.

[traderethereum]

No need to be confused but just enjoy the price movement because it looks like the price still can't increase too much.
Even if it can, it may not reach above $29k, so we have to be satisfied seeing the price can reach higher than it was some time ago.
There will be a time when it can increase drastically and in the meantime, you should focus on collecting more bitcoins because the time to increase drastically may come suddenly.
I'm still not sure if the price can surpass $28k or even $30k by the end of this month but who knows, it becomes a reality so that in the following months, bitcoin can rise even higher.

Now there is news that microstrategy has bought some bitcoins again. Strangely enough, but usually after such news there is a drop in price. I don't know if we should expect a repeat of this story now, but it seems to me that we will see a fall ahead one way or another. There will be a halving soon and people will need to be scared to buy coins as cheaply as possible.

Either the fall will occur in the future or the near future.
We can only be prepared for all possibilities because the current situation is still ups and downs and we don't know where the market will go.
And with the return of the green candle in the market now and the push for the Bitcoin price to return upwards, we have to be more careful because a decline can occur at any time.
Apart from that, the altcoin market is still not recovering and there is a tendency to follow where the bitcoin price will move.
Maybe if the price drops again, more companies will take advantage of the moment to buy more bitcoins and we can also take part in buying bitcoins.

[tygeade]

Now there is news that microstrategy has bought some bitcoins again. Strangely enough, but usually after such news there is a drop in price. I don't know if we should expect a repeat of this story now, but it seems to me that we will see a fall ahead one way or another. There will be a halving soon and people will need to be scared to buy coins as cheaply as possible.

I still think that it's a bullish news that they bought some more. If a company has over 100k+ bitcoins and their bitcoins worth that much money then it means they know what they are doing. I mean they are super rich and they are buying, if someone with billions of dollars risking all that money for bitcoin, then I am sure that it's a good sign and the price should be fine.

People should have hyped this news and take the price to 30k if you ask me but they didn't and that's their decision, I can't say much about it. I get that it's going to be tough to handle but we can still do it if we are careful. I know that it's going to take some time but if we are careful then we are going to be doing fine in the end.

[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.

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.

Well yes we are all waiting for rewards that we will get from the Bitcoin halving. It is 1 of the biggest reasons that we will continue to hodl our coins and not sell them. Even if we so see a 'bull market' before it. We know the biggest profits come from after the halving each time.
With Bitcoin price saying from 25k to 30k I think this is a good thing. We were saying the price could go down much more even I saw 12k predictions. Yes this is FUD but I will be happy with the current price for now.

[_BlackStar]

-snip-

This is actually the time that I have much confusion about the bitcoin price and what saves me in this time is to be very attentive to the fundamentals. If the chart seems confusing to be, I'll rely on the news to make decisions.
With my little knowledge of the chart, I have seen that bitcoin price has consolidated much, it has gotten enough momentum to move. Put I am not certain the direction it will take. Whether it will push or retract more to about $24k before it will be able to pull more.
The support is becoming firm but the resistance is becoming weak, so there is a possible upward movement of the price rather than downwards.

So far I've ignored short-term volatility as much as I can - but let's see if bitcoin manages to close September above $27k or if bitcoin tests the lower support of $25k.

I don't believe in either one - but it seems possible that $27k will be the closing price for the end of this month. If that's true - then $40k will most likely be tested in October so the analysis OP made shouldn't be said to be completely wrong. September was not a good month for bitcoin - but October will give a lot of hope.

[GeorgeJohn]

-snip-

This is actually the time that I have much confusion about the bitcoin price and what saves me in this time is to be very attentive to the fundamentals. If the chart seems confusing to be, I'll rely on the news to make decisions.
With my little knowledge of the chart, I have seen that bitcoin price has consolidated much, it has gotten enough momentum to move. Put I am not certain the direction it will take. Whether it will push or retract more to about $24k before it will be able to pull more.
The support is becoming firm but the resistance is becoming weak, so there is a possible upward movement of the price rather than downwards.

So far I've ignored short-term volatility as much as I can - but let's see if bitcoin manages to close September above $27k or if bitcoin tests the lower support of $25k.

I don't believe in either one - but it seems possible that $27k will be the closing price for the end of this month. If that's true - then $40k will most likely be tested in October so the analysis OP made shouldn't be said to be completely wrong. September was not a good month for bitcoin - but October will give a lot of hope.

Bitcoin getting increase above twenty six thousand will be under probability, but the thing is that we can't predict accurately the price of bitcoin, so what I expected us to understand concerning bitcoin price is that our expectation for bitcoin price should be something of 2025 and 2026, currently we may experience more downfall of bitcoin before this year get to an end or the values continues spinning in between twenty six thousand to twenty seven thousand.

[Texac]

-snip-

This is actually the time that I have much confusion about the bitcoin price and what saves me in this time is to be very attentive to the fundamentals. If the chart seems confusing to be, I'll rely on the news to make decisions.
With my little knowledge of the chart, I have seen that bitcoin price has consolidated much, it has gotten enough momentum to move. Put I am not certain the direction it will take. Whether it will push or retract more to about $24k before it will be able to pull more.
The support is becoming firm but the resistance is becoming weak, so there is a possible upward movement of the price rather than downwards.

So far I've ignored short-term volatility as much as I can - but let's see if bitcoin manages to close September above $27k or if bitcoin tests the lower support of $25k.

I don't believe in either one - but it seems possible that $27k will be the closing price for the end of this month. If that's true - then $40k will most likely be tested in October so the analysis OP made shouldn't be said to be completely wrong. September was not a good month for bitcoin - but October will give a lot of hope.

Bitcoin getting increase above twenty six thousand will be under probability, but the thing is that we can't predict accurately the price of bitcoin, so what I expected us to understand concerning bitcoin price is that our expectation for bitcoin price should be something of 2025 and 2026, currently we may experience more downfall of bitcoin before this year get to an end or the values continues spinning in between twenty six thousand to twenty seven thousand.

If everyone checks the price right now, we'll see bitcoin is getting closer to the $27k target and we're only 2 days away from the end of September.  yes, it is impossible to predict anything even with only 2 days left until the end of the month, but with the expectation that bitcoin can close the monthly candle above 27 thousand USD is becoming more feasible than ever.

Looking at the chart, September has never been good for bitcoin, but looking at the history of October, it has always been a green month for bitcoin, so we can expect more positive changes this October.

[Odusko]

Bitcoin broke the 27k benchmark for a long time today and this os a far more comfortable price zone for Bitcoin at the moment because from the current market value Bitcoin can easily build up resistant that will sustain the price of bitcoin from falling below the current established benchmark.
Although Bitcoin have made multiple attempts by climbing up to 27k before and failed to resist the pullback forces that pulled its price back to 25k a few days/weeks ago.

[aylabadia05]

Looking at the chart, September has never been good for bitcoin, but looking at the history of October, it has always been a green month for bitcoin, so we can expect more positive changes this October.

History records this, making it a measure that September is not a good month for Bitcoin in terms of price. I agree but not completely even though the Bitcoin price graph in 30d that I saw on several sites still shows the line in red.

My opposing thought says that there is still no theory that can guarantee that month A or B the price of Bitcoin in the market will continue to be in a miserable state. I see that this September is not as severe compared to the decline that occurred outside September.
There are those who are pessimistic that Bitcoin will not be able to reach a price above $27k, in fact 1 Bitcoin is trading at $27+ and has the potential to reach $28k.

[kotajikikox]

I think the Bitcoin market will start to grow by the end of this year. Because the Bitcoin market is very bad this year. Because the price of Bitcoin is not increasing at all this year.Bitcoin price has not risen above 30k at all this year. It will probably begin to rise later this year.

It seems like you slept too much this year and didn't watch the market more and see the price of Bitcoin this year, even though it is very clear that this year Bitcoin has passed the price of $30K and even passed the price of $31K in mid-July this year. You can see for yourself in the market from now on so that you no longer think wrongly about the achievements that have occurred in Bitcoin this year or you can also see the image below as proof.

or he does not care ? because a simple clicking of coinmarketcap https://coinmarketcap.com/currencies/bitcoin/ will show instantly what is the highest price taken this 2023.
but yes he might be sleeping or not checking the market and just relying to what he is reading here in other spammer.

The market is not going anywhere. You would think that by end of September it would have a trend at least but it’s just trading sideways.

that's why we must be ready  to take sideways any time soon?

September shows also the hardness of this season so lets see what will the last quarter might bring.

[Sexylizzy2813]

No need to be confused but just enjoy the price movement because it looks like the price still can't increase too much.
Even if it can, it may not reach above $29k, so we have to be satisfied seeing the price can reach higher than it was some time ago.
There will be a time when it can increase drastically and in the meantime, you should focus on collecting more bitcoins because the time to increase drastically may come suddenly.
I'm still not sure if the price can surpass $28k or even $30k by the end of this month but who knows, it becomes a reality so that in the following months, bitcoin can rise even higher.

I hope you're still looking at the price because is going somewhere positive, now we have it at $27k and to be sincere with you on this I feel the price is going to surprise your imagination.
It will definitely surpass $28k and as it is I'm expecting it to get to $29k before end of this month, I just had that feeling that this month would be better than last month.
October can be the month of surprise who knows, like it will be hitting $30-32k, I'm not saying you should believe me but just observe how it moves.

[bitzizzix]

No need to be confused but just enjoy the price movement because it looks like the price still can't increase too much.
Even if it can, it may not reach above $29k, so we have to be satisfied seeing the price can reach higher than it was some time ago.
There will be a time when it can increase drastically and in the meantime, you should focus on collecting more bitcoins because the time to increase drastically may come suddenly.
I'm still not sure if the price can surpass $28k or even $30k by the end of this month but who knows, it becomes a reality so that in the following months, bitcoin can rise even higher.

I hope you're still looking at the price because is going somewhere positive, now we have it at $27k and to be sincere with you on this I feel the price is going to surprise your imagination.
It will definitely surpass $28k and as it is I'm expecting it to get to $29k before end of this month, I just had that feeling that this month would be better than last month.
October can be the month of surprise who knows, like it will be hitting $30-32k, I'm not saying you should believe me but just observe how it moves.

What happened to Bitcoin's movement is still a healthy correction and Bitcoin is struggling to break the 30K mark this year, not this month onwards. And Bitcoin's recent rise was 27K and I'm sure the price will fall again, but the decline will not exceed 25k. The reason is, many investors are still waiting for the lowest point in Bitcoin prices with the belief that it will reach 25K, which they think is a good price to buy it. And maybe Bitcoin price will reach 30K by the end of this year, and 2024 is a good year for Btcoin movement which will increase gradually.

[Texac]

My opposing thought says that there is still no theory that can guarantee that month A or B the price of Bitcoin in the market will continue to be in a miserable state. I see that this September is not as severe compared to the decline that occurred outside September.
There are those who are pessimistic that Bitcoin will not be able to reach a price above $27k, in fact 1 Bitcoin is trading at $27+ and has the potential to reach $28k.

It's all just everyone's predictions and expectations, no one claims or affirms that bitcoin will definitely follow this or that model.  just like we have no guarantee that bitcoin will definitely increase in price after the upcoming halving, but based on history, we have the right to expect it.  historically, October has always been a more positive month for bitcoin, so if you are expecting a market recovery, you are right to expect and predict it.  as for those who are pessimistic about bitcoin, maybe they are expecting bitcoin to decrease more to make collecting more convenient, so maybe they expect the opposite.

[fzkto]

My opposing thought says that there is still no theory that can guarantee that month A or B the price of Bitcoin in the market will continue to be in a miserable state. I see that this September is not as severe compared to the decline that occurred outside September.
There are those who are pessimistic that Bitcoin will not be able to reach a price above $27k, in fact 1 Bitcoin is trading at $27+ and has the potential to reach $28k.

It's all just everyone's predictions and expectations, no one claims or affirms that bitcoin will definitely follow this or that model.  just like we have no guarantee that bitcoin will definitely increase in price after the upcoming halving, but based on history, we have the right to expect it.  historically, October has always been a more positive month for bitcoin, so if you are expecting a market recovery, you are right to expect and predict it.  as for those who are pessimistic about bitcoin, maybe they are expecting bitcoin to decrease more to make collecting more convenient, so maybe they expect the opposite.

September has almost always been a red month for bitcoin and everyone expected this September to repeat, but so far it hasn't happened but only a few days are left, although bitcoin is now showing good growth. Hopefully the expectations for October will be correct. Otherwise we might see a red October.