The future of Bitcoin: Bullish or Bearish

[Lucius]

First of all i think this thread can fit better on economics than bitcoin discussion, its not bad placement but i think it can fit more in the other section.
~snip~

It seems to me that it belongs somewhere else, maybe in the trash? Does anyone really think the OP wrote that post or is it plagiarism, paraphrasing or AI?

[Zlantann]

In summary, a rational, calm approach is essential in the cryptocurrency market. Make investment decisions based on your circumstances and risk tolerance, avoiding being swayed by sentiment.

Investing in Bitcoin is not for everyone. It is specifically reserved for those who are patient and believe in the currency. It will be a difficult investment sector for people who are inconsistent and want quick money. If you want to avoid sentiments that can lead to FUD stop listening to random news from the media. Most of the information we get from them is organized to attack the system. Regarding risk tolerance,  the best approach will be to invest only what you can afford to live without. It is not advisable to sell properties or take a loan to invest in Bitcoin in view of the fact that it is an erratic sector.

The future of BTC in itselt doesn't depend on only the price, i know that the price is the most important factor for speculators but it isn't so for people who want to use BTC as a payment method. Adoption of BTC is going to continue growing and the network is obviously secured, so there isn't going to be any successful attack on the network, the future of BTC is bright and the more people understand the need to use a censorship resistant currency, the more adoption will increase.

As some economies keep suffering from inflation the brave will keep seeking ways to shield themselves from the impact of currency loss of value. Some people might claim that Bitcoin is not a good hedge against inflation since the price is inconsistent.  But the truth remains that Bitcoin price will keep recovering.

[Asuspawer09]

Bitcoin's recent performance has raised concerns, with various factors impacting its trajectory. However, it's important to approach its future outlook rationally.

Technically, Bitcoin faces challenges with a critical support level at around $25,500. A break below this could lead to further declines, potentially testing $20,000.

In the short term, a price above $2.58 might signal a trend reversal, while surpassing $2.65 could indicate a rebound. But until Bitcoin shows significant strength, rebounds may be brief.

Ethereum has its challenges, with low trading volumes and the recent hacking of founder Vitalik Buterin's Twitter account affecting its reputation. Short-term market stagnation is possible.

In terms of news, the FTX token sale case may appeal in September. However, the market's ability to absorb a $200 million sell-off remains uncertain. Key events, including the FTX case and economic data, are being closely watched.

Some analysts believe this drop may be manipulated to liquidate long positions. The market is contracting, with funds flowing to a few, causing a drop in Bitcoin's trading volume.

For future trends, caution is advised. Bitcoin may rebound in October, but September is uncertain. The purchasing power of $1 has changed since 2021, making funds cautious. Altcoins' response to Bitcoin's rebound and their gains should be approached carefully. In the short term, risk awareness is vital.

In summary, a rational, calm approach is essential in the cryptocurrency market. Make investment decisions based on your circumstances and risk tolerance, avoiding being swayed by sentiment.

I mean I wouldn't really be surprised if the market price even dropped to 20,000 I mean for the most part there wasn't really something yet that could trigger the market price to a Bull Run, for the market to increase and probably go to a Bull Run.  For sure at this time this market price is still a good position for the market price to skyrocket in the coming months, bullish or bearish it's still Bitcoin and cryptocurrency is obviously a risky investment because of the volatile market we can really be sure of anything on cryptocurrency that is why it is so risky because in the coming months, it is always possible that the market price of Bitcoin could drop and that is just normal to get bearish or bullish.

I am pretty sure that there will be movements in the coming months probably at the end of the year this December until next year If we are just going to compare this to the past movement of Bitcoin, there is always a big spike when the Bitcoin halving is near so probably there will be a spike again but it doesnt really matter personally because I just HODL my Bitcoin until I think that the market price is already fair to sell.

[isaac_clarke22]

I think bitcoin price can reach $24K in this month and then it will pump to over $33k in october, but it is just my opinion. at least we can expect the value of or money in btc will always tend to increase as the number of btc adoption is still growing. maybe the future will be bullish and then bearish and it will repeat.

It could be wherever we want anytime soon. Was kinda expecting to be around 30k at this time, but hell gotta buy more I guess? I don't think adoption is growing though. It is still kinda meh in my end and I don't feel anything changing in terms of businesses adopting these.

I mean I wouldn't really be surprised if the market price even dropped to 20,000 I mean for the most part there wasn't really something yet that could trigger the market price to a Bull Run, for the market to increase and probably go to a Bull Run.  For sure at this time this market price is still a good position for the market price to skyrocket in the coming months, bullish or bearish it's still Bitcoin and cryptocurrency is obviously a risky investment because of the volatile market we can really be sure of anything on cryptocurrency that is why it is so risky because in the coming months, it is always possible that the market price of Bitcoin could drop and that is just normal to get bearish or bullish.

I am pretty sure that there will be movements in the coming months probably at the end of the year this December until next year If we are just going to compare this to the past movement of Bitcoin, there is always a big spike when the Bitcoin halving is near so probably there will be a spike again but it doesnt really matter personally because I just HODL my Bitcoin until I think that the market price is already fair to sell.

20k is quite a discount for all of us to buy more. Most people could already had assumed that 20k might be the lowest floor we can get. There will be indeed changes this December since people would want their money for Xmas. Kinda the seasonal stuffs ya know.

[ImThour]

For sure, the future of Bitcoin is always bullish. It started from $0 and it's currently at $26k, All-Time High at $69k. And soon, that all-time high will be long gone and these prices will never be seen again. Just wait and watch, and you just need to stay bullish on it for a longer time and look after HODLing. Bitcoin Halving in April-May 2024 will start the next leg up for the next bull run which will end near about Nov-Dec 2025.

[Gladitorcomeback]

Technically, Bitcoin faces challenges with a critical support level at around $25,500. A break below this could lead to further declines, potentially testing $20,000.

Yes there is big buying volume around 25k and hope that it will not broken otherwise 22k or more down possible but market is now looking green and btc recovered after dump to 24900$. Bad news in market has very bad impact upon btc price and whenever any big changes occur in btc price then reason behind is good or bad news. Many whales dump the price when decision upon ETF Application postponed but hope it will not remain for long time because halving is going to be happen next hear and also many Good news such as ETF approvals could also be happened.

In terms of news, the FTX token sale case may appeal in September. However, the market's ability to absorb a $200 million sell-off remains uncertain. Key events, including the FTX case and economic data, are being closely watched.

Some analysts believe this drop may be manipulated to liquidate long positions. The market is contracting, with funds flowing to a few, causing a drop in Bitcoin's trading volume.

Actually this FTX token sale news created so much fud and fear in the market and many short hand sold btc without any research. according . most of the token owe by FTX are locked and theu could not sale except a very small percentage which will not affect the market

Check the almaeda wallet and Solona tokenomics
https://twitter.com/Vybe_Network/status/1701286011651953054

[Ojima-ojo]

I dont put a short term speculation on Bitcoin simce we have a line up events that could triger the price to gonin an uptrend direction and at this moment i think Bitcoin should be taken to be at a discounted price and anyone looking to invest ahead of the 2024 event should take advantage of the price.


I dont know if the price will dip further below 20k before that time, but i am very certain that the Bitcoin market may exibits some attributes of high volatility and also attempt break out at some point.

[BITCOIN4X]

If you expect my opinion about the next 1 to 2 years, then I think bullish is the best option to say. The reason is obviously due to the impact of the halving and its past history, but the same is always questioned. We are all too busy about the future which is completely unknown, but that is not a bad thing if you want to make preparations, for example start investing now and get the return there.

I dont put a short term speculation on Bitcoin simce we have a line up events that could triger the price to gonin an uptrend direction and at this moment i think Bitcoin should be taken to be at a discounted price and anyone looking to invest ahead of the 2024 event should take advantage of the price.

The short term isn't always bad, but it's good to plan for the long term. Long term investment seems to be the best option for an asset like bitcoin, I mean bitcoin still has the potential to continue growing year after year and will probably become the most desired means of payment if governments start adopting it.

[Cryptomultiplier]

To keep abreast with crypto signals is one sure way to know the future of BTC, incase it would be bearish or bullish. Still, to HoDL BTC or trade not minding the gains during the discovery period of bearish or bullish is important, so that one does not loose out on the opportunity to increase the profit when the bullish seasons come.

[panganib999]

One can't say for sure even though we're at the cusp of a halving, with it happening some time next year. The issue at hand is that for someone to be able to confidently say that the market will be bullish or bearish come next year, we have to have a definitive reason as to why it has to. For instance, back in 2020 we had a reason to believe that bitcoin will be bearish, with a good majority of people even believing that it's over for bitcoin since way back then it dumped as low as 7k from a whopping 20k valuation not too long ago. And then the confidence of the people struck up, allowing many to invest in bitcoin with the sense of security that COVID-19's not gonna do shit against bitcoin anymore.

The same needs to happen for bitcoin come next halving, we need to have a sustainable cause as to why we would invest in it, investing for the sake of halving is just not gonna cut it.

[Ruttoshi]

The bull market and the bear market are both beneficial to investors. When bitcoin price is in the bearish season, it is an opportunity for you to buy more bitcoin and add to your bitcoin holdings and wait for the bull run to come.

On the other hand,the bull market is a period for people to sell their bitcoin and cash out,so that they can keep the profit from their investment. Long term investment will safe your the stress of worrying over which market is next or not because you wouldn't bother about the price of bitcoin.

[JoyMarsha]

I think bitcoin price can reach $24K in this month and then it will pump to over $33k in october, but it is just my opinion. at least we can expect the value of or money in btc will always tend to increase as the number of btc adoption is still growing. maybe the future will be bullish and then bearish and it will repeat.

The September month of each year is considered the red zone of the bitcoin price, whereby its price falls drastically. It is possible to have bitcoin prices fall between $24k or a lower price before the end of September. Maybe by October or the upper months, we'll start to notice a rise in the price of bitcoin that will eventually take it to $30k-$35k before the year is through.

Hopefully, by next year, We should be discussing the impact of the bull run on the crypto market. How our assets in bitcoin, which we accumulated at cheap prices, have risen as a result.

[Popkon6]

It is true that the Bitcoin market will turn bullish, but currently bearishness is emerging due to which a slight bear market trend is emerging. Vitalik Buterin is trying to make a little trouble in different ways, but if this time changes, we will surely have a long bullish market season. And in the Bitcoin market, the market cap has not decreased but rather no Bitcoin holder wants to sell at this time. Because I know for myself that the future of Bitcoin will definitely have a bullish market season for a long period of time.

[Onyeeze]

Just wanna ask doesn't  bitcoin have a future of bearish market and the future of bullish market, what I want us to learn and about bitcoin season that the season is like unknown time that can happen at any point in time and secondly if the bullish should happen or occur it should be determined by the market and the number's of the investors who invest in the market and secondly I was told that the increase in the market of bitcoin is well known by the demands of the market

[Stella Mese]

as a btc investor sometimes i always ask myself whether btc will be a bull or a bear in the future, but in my opinion the crypto world is always full of drama and news, of course we have to be careful in our actions and of course we have to have a good strategy good at buying btc or holding btc and so on.

but I speculate that in the future the price of BTC will rise and new ATH will be created again.

However, we have to be careful because we don't know the price of BTC in the future.

[LittleBitFunny]

Bitcoin's recent performance has raised concerns, with various factors impacting its trajectory.

What is bitcoin's concern? Just because it's not rising like you expected and you think that's concern for the future of bitcoin? To me, what is happening is normal and even if bitcoin drops more it will be a good sign for long-term investors as they will have the opportunity to buy bitcoin from weak hands.

The future of bitcoin is truly unpredictable, but those who believe it will decline in price should sell it immediately. Those who believe it will continue to rise in the future should take advantage of this moment to accumulate more.

[KiaKia]

It is possible that bitcoin can go back to 21,000 dollars but my concern is too many people believe that bitcoin is going down and that is because on every month of September Bitcoin has always been bearish so because we are in September in this 2023 now everybody believe that the same thing will happen again.

And now it seems that this time will be different, it is true that bitcoin is struggling between 25,800 but It's still possible that the same thing will not happen this time around because I've been around for a very long time in crypto space and one thing is very certain in this crypto space.

When people are getting more bullish on the market sentimental that is where bearishness will always occur, it's like the favorite quote that says to be fearful when others are greedy and be greedy when others are fearful, to me, this defines crypto completely.

[eightdots]

Considering the fact from its past history just after the bitcoin halvings, I can surely say that it will be going bullish and just give it some time because we all know how it ended up last time. Before that most people were in doubt about whether Bitcoin price would rise because they saw that it has never-ending ups and down and it's been facing a decline that time just before the unstoppable spike of the price happened until it creates another ATH. Now, people are back to their old ways again, they never learn and speculate negatively back and might also lose the opportunity to invest early again.

It usually happens as you say, but when most people buy Bitcoin and start waiting, they may experience difficulties in today's economic conditions. They want the prices to increase as soon as possible. Those who follow the crypto market know that expectations are often not met immediately. That's why investors need to be patient.

I think Bitcoin has provided a buying opportunity for a long time. As those who believe that Bitcoin will rise and make a new ATH, I think these levels should be evaluated.

[Solokan]

Bitcoin's recent performance has raised concerns, with various factors impacting its trajectory.

What is bitcoin's concern? Just because it's not rising like you expected and you think that's concern for the future of bitcoin? To me, what is happening is normal and even if bitcoin drops more it will be a good sign for long-term investors as they will have the opportunity to buy bitcoin from weak hands.

The future of bitcoin is truly unpredictable, but those who believe it will decline in price should sell it immediately. Those who believe it will continue to rise in the future should take advantage of this moment to accumulate more.

The crypto world is always full of drama and news and so on, but of course everyone's reaction will be different.

Yes, as you said, with the decline in BTC prices, people who are mentally strong and believe that BTC has good potential in the future will definitely take advantage of this opportunity and buy it using the DCA system.

However, in the future no one will know about BTC, but what is clear in this case is that there are those who take advantage of opportunities and dare to take risks, and there are also those who don't.

But of course to be successful, we must be ready and brave to take risks.

[DelskaV]

In my country, Venezuela, people say that in anytime Chavez/Maduro fall from the power. They come saying this for 20 age long aprox. Well, same for the slow bubble that never explote. Bitcoin are a tecnology capitalism-based, have a beautiful future. :3