Why is bitcoin moving now?

[FiveG]

Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?

[1714756596]

1714756596

[1714756596]

1714756596

[1714756596]

1714756596

[1714756596]

1714756596

[1714756596]

1714756596

[1714756596]

1714756596

[adaseb]

It’s not moving. It hasn’t been moving since 2 months. We got the lowest volatility ever for Bitcoin. At least according to all the volatility charts.

Most likely it’s due to summer and due to people just losing interest in crypto. All eyes are on the Bitcoin spot etf getting approved and eventually launched. Then we should see a large trigger of new money flowing in. Right now it’s just going to keep trading sideways for weeks.

[michellee]

I don't think the price will start to increase or get a rally yet and it looks like Bitcoin price will be like this, maybe until the end of the month. It's like a long wait for the Bitcoin price to start increasing and breaking above $30k levels. But before that happens, it looks like we will see another up and down movement like before.

You can buy it now if you want. You can also buy later when the price decreases. It's up to you but you have to analyze before deciding. But to trade, you have to be more careful because Bitcoin's current movement is difficult to predict.

And to me, the current price movement looks sideways and still waiting for the moment to increase. But I don't think the sudden increase is coming, at least this month. It's just a possibility because we don't know the truth. So be careful when deciding.

[pooya87]

the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin

Dollar isn't rising, like any other unlimited fiat that keeps being printed, dollar is also dumping (evident from the high inflation in United States).
What you are possibly referring to is your local fiat dumping faster than dollar (hence the exchange rate going down). In which case converting your fiat to bitcoin for as long as your fiat is dumping could be a good opportunity. Of course your should first educate yourself about Bitcoin, wallets, etc. so that you just don't lose what you bought!

[mk4]

What do you mean? Bitcoin has been on a sideways chop since forever now; and while I'm no trader, I don't even know how you can make bullish/bearish decisions based on such a long stability period. It seems to be coiling though, what the direction will be will be your guess.

[Don Pedro Dinero]

Is this the green opportunity for us to buy...

Apart from what others have answered, I wanted to focus on this. You have to focus on the long term. The worst thing you can do is think about buying today to sell in two weeks or two months. Buy to hold for 5 or 10 years and then you will see real profits. In 10 years time the current price will look like a bargain, so if you have that long term view you will buy at these levels to the extent of your financial ability.

[Tytanowy Janusz]

Dollar isn't rising, like any other unlimited fiat that keeps being printed, dollar is also dumping

Perfect chart to prove this point:


(Consumer Price Index for All Urban Consumers: Purchasing Power of the Consumer Dollar in U.S. City Average - ticker CUUR0000SA0R)

-45% in last 20 years.
-65% in last 40 years.
-90% in last 60 years.

Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?

Bitcoin is flat dead for last 5 months. Nothing to see here until we break 32k or 25k. Just random sideways movements.

[Dzwaafu11]

Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?

If you want to hodl bitcoin, you can do it now because nobody can tell how the price will be in the near future, but with the way things are going, this is the time you should buy bitcoin if you wish to do the investment because the price of bitcoin has been normal for investment for the past month now, and the price can rise at any time, so you can see that anyone who is able to buy by this time, even if the price rises, can do what they want. But with the price now being stable, I think it will be like this for now.
 
However, if you also think you can't buy now, it's up to you to make your decision the way it will favor you, but with the way the bitcoin price was moving early this year, you can see that it's decreasing when compared to the current price. When you make your decision, don't forget to invest the amount you can afford to, mate, because I can see you are still a beginner.

[Upgrade00]

why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin...

When Bitcoin drops the value of the dollar against it rises it;

• $30,000 equivalent to 1BTC
• $30,000 equivalent to 1.09BTC

This does not mean that the dollar is rising but Bitcoin is dropping. Samf thing happens with different currencies when priced against the dollar which is giving you the impression that the USD is rising significantly when it is not.

[NotATether]

Is this the green opportunity for us to buy or is going to return back after a while

Why are you waiting for a bull run to happen in order to buy Bitcoins? By then it will be too late to buy at a good rate because the price will have already gone up significantly.

If you want to buy Bitcoins, now is the time to do it, while its moving sideways. Not when it's about to go up and down. And I mean buy a lump sum, not using DCA.

[moneystery]

If Bitcoin shows a positive movement today, not necessarily it will last a long time, maybe tomorrow the price will drop or that will increase. If you are sure you can follow this flow or you can refrain for the entry at another time.

but seeing how Bitcoin's movements in the back of a few months, not sure that this movement will continue, this is just a small wave and if you want to entry, make sure that holding it in a short period of time or if you want to hold it for a long time you can entry now because it can be Bitcoin can pass its ATH in the next few years.

[Fiatless]

Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin... Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?

The currency of my country is also losing against the dollar. People prefer to hold their money in dollars because they don't have confidence in the local currency. Others that are are knowledgeable about cryptocurrency are converting their fiat to Bitcoin. But for those in the developed world, the dollar is losing value. I am not an economist but it is glaring that Bitcoin has not lost its value since it was created because it keeps regaining its losses over the years. It is also believed that it will get to ATH within the next few years.

Lump-sum investing might not be a bad idea but Dollar cost average should be the best option when investing on a small scale. It helps to spread the risk and the purchase less burdensome. See bitcoin as a long time investment if you want to benefit from it because the price doesn't move like altcoins. The price move gradually over a while. But if you want to be a trader, you need to understand how the market moves in a short time.

[awik p]

in bitcoin I only know the bearish season and the bullish season, during the bearish season many people sell bitcoin so the price decreases, and that becomes our opportunity to buy to invest, until finally we will sell it when the bullish season comes. considering that the movement of bitcoin I think is driven by sellers and buyers and besides that of course there are people with strong capital who can move it to lure fomo to come, so many people will think the bearish season is ending

[Nrcewker]

Bitcoins are struggling in this 29k usd price range for more than a month now. Where did you see Bitcoins moving my friend? Regarding the concern that you made that whether you should buy the coins or not, then yes definitely you should keep on accumulating the coins. There is high expectation that Bitcoins will cross the ATH price next year, so buy now in cheap price. Hold it for few months and sell in almost 5 times profit.

[noorman0]

Not sure where you've seen it move, in fact over the last few weeks I'm getting tired of looking at the bitcoin charts with thus sideway trend.
It's still more than half the decline since the 2021 high which I think is a green signal to accumulate sats by sats on a regular basis. This is certainly a long-term suggestion, if you only limit profit targets in the next few weeks, I personally have no hope.

[flyingcarpet]

Is this the green opportunity for us to buy...

If you have the opportunity to buy Bitcoin, take it and wait. If you are not one of those who make short-term plans, you can get the income you want in the long run. Bitcoin is not in motion for now. It's been in these ranges for a long time. For now, I can't say there is a green light, but I can't say there isn't either.

Set your expectation and if you have the opportunity, buy Bitcoin and wait. Make sure you know enough about the market. If you don't know about Bitcoin wallets or exchanges, research and learn. You don't need to wait for the green light for Bitcoin. Unless of course you are a short-term investor.

[Sim_card]

The dollar is not dumping because it is above other fiat currency, I just checked my country fiat exchange rate to dollar and it has depreciated to dollar. I have always kept my savings in bitcoin so that inflation wouldn't depreciate my funds. Now that the price of bitcoin is side ways is the best time for you to buy and hodli,if you think that you will see a lower price of bitcoin soon,you might not see this price anymore. Get prepared and invest because the price movement of bitcoin is unpredictable.

[sunsilk]

Overtime now it seem like bitcoin is lacking direction but from the look of things it has started gaining effectively price direction and this is going to going a long bullishly but am trying to ask why is moving now on the fact that dollar is rising extremely I thought that would affect the demand and supply of bitcoin.

Bitcoin has always been volatile, so you expect that it will move continuously. Sometimes, it is sluggish and sometimes it is too quickly. And that motion depends on the demand in the market.

Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last. Do you think the price will continue voraciously by the day?

Nobody knows.

As long as you're determined whether this is the dip then you must decide for yourself if you want to buy. We're going near to the halving and that's one reason why everyone sees it going up soon.

[DapanasFruit]

I am looking forward for Bitcoin to be moving above the $30K level maybe starting on the last quarter of the year and onwards in 2024 - though I know am not a good predictor of things especially on an investment vehicle like cryptocurrencies. As of now, it seems the price is really frozen at the $29K zone with no clear indication whether it can break through its own barrier - maybe the market is waiting for the approval of any ETF applications now pending in the SEC table under Gary Gensler.

[yudi09]

Is this the green opportunity for us to buy or is going to return back after a while let me hear from you because have started calling to ask if they should buy base on the current bitcoin progress if is going to last.

Have the ability to buy, buy now before it's too late, before the price graph leaves the current level. So, this is an opportunity to have bitcoin based on the ability to buy because the opportunity to get a profit is still open if you are able to survive in holding for some time to come.
Various estimates of many sources began to emerge to the surface that the situation happy for Bitcoin holders had approached the target caused by various positive signals that were summarized and analyzed.