Bitcoin Up Move Incoming

[Doan9269]

Until now prices are still low and it's a good opportunity to buy more. If the halving day was before, there would be a price explosion in 4 or 5 months, so my estimate is that in December or January 2024 something big will happen, in fact many experts believe that in December this year it will happen. new ATH even though currently the price is still low.

The future of cryptocurrencies, like any other future, cannot be accurately predicted.  But that doesn’t stop crypto enthusiasts from speculating about where Bitcoin will go.
Large-scale growth must have a serious reason, or better yet several reasons at once, including mass popularity and market euphoria.

Every predictions we made were based on the present research taken on the current market status and the previous years performances, this is also what every cryptopreneurs leverage on because they understand the reality of what is invol in making an investment on digital currency and bitcoin in most cases than risking their asset on coins that have no much future plan to last long, this same digital currencies have brought in so many opportunities for the people globally and on the same way people targeted the market pump to make their return on investment whenever they buy the dip and hodl, we are expecting more of this bull market henceforth than the bear.

[Captain Corporate]

We have to remember that these are just made up stuff, not really a known thing, so do not trade based on just this thinking this is a knowledge. But I also agree with OP as well, a move upwards is coming, it looks like it could definitely get to a point where it could make some money. I am not saying that it is not all that terrible, but that doesn't mean that we are not going to end up with anything that would be all that troublesome. I hope that we could get to a point where it would make more sense, but that doesn't mean that we are not going to end up with something that would be impossible to arrange. If we all get hyped at the same time, we all could make it go up.

[m2017]

As the topic title says, here is a Daily Timeframe chart that shows how Bitcoin broke the resistance trendline and is now at a great 0.33 Fibonacci support level.
It will be going up for sure from here and the first target will be the 0.66 Fibonacci Level i.e. $29.4k and then $31k.



Let me know what do you think is about to happen.

Now I will show you where the Bitcoin Up Move Incoming was being prepared from.

Of course, bitcoi will rise, but not because of your “these charts and timeframes or Fibonacci levels”. And because the 4-year cycle is nearing completion, the reward for block will be reduced and the demand for btc will be boosted. This is "global", but "locally" it will depend on the information background and news, the demand for purchase.

How do you explain if your forecast doesn't come true? How will you justify yourself?

[STT]

Interesting formation today is the peak fell from the 200 day average to meet the 50 day average below,  if we remain in that gap bouncing between them I think it remains quite a bullish setup.   A trader I follow said the harder pullback was a better setup for a future rise because it wrings out the sellers before the buying later which is ideal for a larger move upwards, ideally we dont want to repeat BTC prices we want to break that upper ceiling to movements in price.
   We've been repeating since August 2 months already, we got these moving averages which are both important but also not real fixed resistance.  If true and they are just shadows moving we should be fair to regain 30k

[coolcoinz]

How do you explain if your forecast doesn't come true? How will you justify yourself?

Does he really have to? These are predictions, not promises.

Did Tom Lee justify himself after his prediction for 2018? He was expecting 25k at 10k and bitcoin went down toward 5k so he was like 5x wrong. Pretty much like if you'd say now that bitcoin is going to 60k this year and instead it went to 16k
All those smartasses like McGlone who in 2021 said that bitcoin is going to 100k but it went to 30k instead and then lower... Now the same guy is telling everyone that bitcoin will crash below 20k once more this year and some poor souls believe him because they don't care how wrong he was before. It's here and now that counts for them.

Interesting formation today is the peak fell from the 200 day average to meet the 50 day average below,  if we remain in that gap bouncing between them I think it remains quite a bullish setup.  

Pretty normal if you ask me. We'll need something big to move above the 200 like an ETF approval, Gensler being kicked out of his chair, a FED pivot, or something like that.
Some of these will eventually happen, just a matter of time.

[Woodie]

As the topic title says, here is a Daily Timeframe chart that shows how Bitcoin broke the resistance trendline and is now at a great 0.33 Fibonacci support level.
It will be going up for sure from here and the first target will be the 0.66 Fibonacci Level i.e. $29.4k and then $31k.

You see Fibonacci support level, I see Fibonacci retracement levels and if this is correct..

this is actually saying the price will pull back ~50% to 70% and then continue going down based on the given market structure, unless it breaks price at the 100% retracement. 

Let me know what do you think is about to happen.

By eyeballing the charts, for me price becomes bullish the second it closes above $28500 as this is a clear shift of momentum which should influence more buyers to come in and push the price further up, otherwise we are still caught up in the bearish run,

[Sophokles]

We have to remember that these are just made up stuff, not really a known thing, so do not trade based on just this thinking this is a knowledge. But I also agree with OP as well, a move upwards is coming, it looks like it could definitely get to a point where it could make some money. I am not saying that it is not all that terrible, but that doesn't mean that we are not going to end up with anything that would be all that troublesome. I hope that we could get to a point where it would make more sense, but that doesn't mean that we are not going to end up with something that would be impossible to arrange. If we all get hyped at the same time, we all could make it go up.

Either way a move is coming! The market looks confident for an upward movement and this is the right moment for manipulation. There will be a rally in the bitcoin market but it will not be that easy. I am expecting a correction this year to spread fear among investors. Whats wants to kick off the last of those patience holders who were holding all this time and thinking the bad time has gone. They will rally from here. This market doesn't give profits that easily. There will be a shake before the pump.

[fullhdpixel]

I think you are right; the market trend is becoming stronger this month, and if it continues like that, I believe we might see Bitcoin above $31k by next month. I believe the market will be bullish before the end of this year, and the price might just continue to surge high from January next year through the halving period. As some users have stated, my speculation was that Bitcoin will be able to reach at least $40k before the end of the year, but I don't know yet what's going to happen. We always know how unpredictable the Bitcoin price can be. The price spike could just start tomorrow and last through the year, leaving people in a wondering state of mind.

Because I believe history will repeat itself and October was a positive month for bitcoin, the $31K target will happen this month and next, but I don't think the market will go up from here for now until halving occurs. I mean, we will still have many corrections and bitcoin may still fall below $25k or $23k before the halving.

The target of $40k by the end of the year is actually quite a lofty target for me, I don't think bitcoin can reach $40k before or after the halving. It will take some time after the halving for bitcoin to start running and the bull season to truly arrive. It's all just our guess and let's wait and see what happens.

Bitcoin is trying really hard to go above $28.5k but isn't being able to do that. It has tried more than twice, it went to $28.5k and now again it came down after reaching $28.2k which signals that $28.5k is becoming the new resistant and the market will now have to go across that area to be able to reach the least $31k which has been the most significant resistant this year which didn't let the market go anywhere above itself for more than 6 months.

So, seeing the current situation of the market, I also believe that Bitcoin wouldn't be able to go around $40k within the next two months and 3 weeks and we will need to wait to see what the new year brings for us, the starting of 2023 wasn't bad as Bitcoin went up almost $10k in the initial two months, but we can't be sure if 2024 will have the same positive vibes or not initially.

[Eternad]

Bitcoin is trying really hard to go above $28.5k but isn't being able to do that. It has tried more than twice, it went to $28.5k and now again it came down after reaching $28.2k which signals that $28.5k is becoming the new resistant and the market will now have to go across that area to be able to reach the least $31k which has been the most significant resistant this year which didn't let the market go anywhere above itself for more than 6 months.

So, seeing the current situation of the market, I also believe that Bitcoin wouldn't be able to go around $40k within the next two months and 3 weeks and we will need to wait to see what the new year brings for us, the starting of 2023 wasn't bad as Bitcoin went up almost $10k in the initial two months, but we can't be sure if 2024 will have the same positive vibes or not initially.

28K is the current strong resistance since Bitcoin keeps pushing back hard whenever it hits that resistance but on the positive side, 25K and 26K level is still doing a good job for being a strong support to absorb strong sell-off pressure after a strong resistance. Bitcoin sideways is getting thinner and thinner which means there’s a strong price action coming either both side.

I don’t want exclude the possibility of insane pump to Bitcoin since bull run always come unexpectedly and in short notice. With just one positive news, Bitcoin price can even reach a 100k level with just a month since we notice already how strong the bulls when there’s a real positive news backing it.

[superman184]

Either way a move is coming! The market looks confident for an upward movement and this is the right moment for manipulation. There will be a rally in the bitcoin market but it will not be that easy. I am expecting a correction this year to spread fear among investors. Whats wants to kick off the last of those patience holders who were holding all this time and thinking the bad time has gone. They will rally from here. This market doesn't give profits that easily. There will be a shake before the pump.

And perhaps most people who are still willing to be patient will not immediately be afraid of market shocks before the pump occurs, because those who are very confident about a big pump in the market will still try to survive as best they can without being influenced to just give up their assets. The current price of Bitcoin is still not much different from last week so investors may not yet feel afraid to persist with the current conditions and will still be patiently waiting for a pump in the market.

[Ricardo11]

Bitcoin price is currently over 36k. It is growing. I think that the bull market in Bitcoin has started as it has risen above 10k in the last three weeks. That means last three weeks also its price was between 25k to 26k and right now it has increased to 36k. I think this time bitcoin price will be 45k to 50k.

[taufik123]

-snip-
I don’t want exclude the possibility of insane pump to Bitcoin since bull run always come unexpectedly and in short notice. With just one positive news, Bitcoin price can even reach a 100k level with just a month since we notice already how strong the bulls when there’s a real positive news backing it.

I appreciate your optimistic attitude about the price of Bitcoin about to reach a new ATH at the price of $100k+++.
That is indeed the speculation of many people and is the main point of the desired Bitcoin price increase.

The crazy bull run you're talking about could happen at any time according to the latest news on ETFs,
but the halving cycle will also provide a strong boost for Bitcoin to go higher.

But also have to be prepared with corrections that will occur before the halving or after the halving.
Whales will certainly play the market first to get a cheaper price.
As long as the trend is still good enough and Bitcoin can stay above the $30k price, this is still a good chance to reach the $40k price by the end of this year.

[tygeade]

It has already come, haven't we realized it already? I believe that we are doing fine and we should be happy with the situation, I agree that we can't get 100% satisfaction rate on investors and some of them will always be unhappy, we can go to 100k today and there will be some unhappy people, we can go to 10k and we will have some unhappy people and any price in between we will have some unhappy people.

There is no need to really consider them as normal, the yare not normal, just look at the common people and the general outlook of the market. I believe that most people are happy with the situation and we would like to see even more, I get that it may not be all that easy right now, but we are getting there and we will definitely reach to a greater point eventually.

I hope that it will happen quickly, it should definitely reach to a point where it should be getting to a bigger and better point eventually and get a greater return for sure.

[btc_angela]

Bitcoin price is currently over 36k. It is growing. I think that the bull market in Bitcoin has started as it has risen above 10k in the last three weeks. That means last three weeks also its price was between 25k to 26k and right now it has increased to 36k. I think this time bitcoin price will be 45k to 50k.

It's just how the market works, I mean we went to $35k and then after 24 hours, we bounce back again and so with that, the bullish sentiments remain. Just a matter of time when we see another move to $40k, specially if there is a good news again.

Short term though, if we look at the sentiments or at least some predictions, the market is going to move to $40k or even more. Short term means at least the end of this year, it's going to be good to see the price moving to $40k-$50k at least.

[fzkto]

Bitcoin price is currently over 36k. It is growing. I think that the bull market in Bitcoin has started as it has risen above 10k in the last three weeks. That means last three weeks also its price was between 25k to 26k and right now it has increased to 36k. I think this time bitcoin price will be 45k to 50k.

It's just how the market works, I mean we went to $35k and then after 24 hours, we bounce back again and so with that, the bullish sentiments remain. Just a matter of time when we see another move to $40k, specially if there is a good news again.

Short term though, if we look at the sentiments or at least some predictions, the market is going to move to $40k or even more. Short term means at least the end of this year, it's going to be good to see the price moving to $40k-$50k at least.

I don't know why you think the price will be so high this year. The main event that can affect the growth will be in half a year, it will be the halving. Right now, the rise is on the expectation of etf approvals. So it's just market manipulation right now. Of course, I also hope that the growth will continue, but I don't see big volumes.

[CageMabok]

Bitcoin price is currently over 36k. It is growing. I think that the bull market in Bitcoin has started as it has risen above 10k in the last three weeks. That means last three weeks also its price was between 25k to 26k and right now it has increased to 36k. I think this time bitcoin price will be 45k to 50k.

I personally am just more confident in the price of $40K for this year, because we also need to see the level of price persistence at that price this year, not just an increase that only occurs briefly. And now we have also seen how the price of Bitcoin moved between $36K to $37K or still below $40K this month so my confidence in the next price increase for this year is only up to $40K. Although next year there is a greater possibility of welcoming halving in Bitcoin.

[Velemir Sava]

Let me know what do you think is about to happen.

From the graph it looks good and the cutting lines you made also make a lot of sense. BTC is now re-testing the middle line a gaint hopefully the selling pressure is reduced so the price can rise again soon the current price is $36,368.

[MFahad]

Bitcoin price is currently over 36k. It is growing. I think that the bull market in Bitcoin has started as it has risen above 10k in the last three weeks. That means last three weeks also its price was between 25k to 26k and right now it has increased to 36k. I think this time bitcoin price will be 45k to 50k.

Bitcoin upwards movement is the identification of Bull run and if it persist for longer timing then surely there will be bigger pump which will reach the price of bitcoin to almost 45k$ very soon. Previously there were negative news about bitcoin that Elon sell all their bitcoin so people get feared about bitcoin rise but now if we are examining this boost then everyone's trust will be more firm because nothing can effect bitcoin forever.

In previous months the price touched the value of 26k$ which increase again after some weeks and now it is more than 37k$. If during halving the Bull run remains same as that was four years ago then the cycle of bitcoin will confirmed and no one will miss the opportunity of buying bitcoin.

[Bitcoin_people]

The chart you have created seems logical, but sometimes such charts are illogical. However, I think that since the price of bitcoin does not stay the same, rather it starts a long bull market and the price increases a lot. And what if you plan to invest for long term then never invest by looking at the chart but be interested in investing from any position in the market. Also, I believe some of the predictions many experts have made about Bitcoin, but most of the predictions are wrong. According to some predictions are correct, if the investment is followed by the market movements, then it is possible to hold it in the future to make a profit. And since the price of Bitcoin is currently hovering around $36,000, we can expect the price of Bitcoin to rise further this year.

[doomloop]

Bitcoin price is currently over 36k. It is growing. I think that the bull market in Bitcoin has started as it has risen above 10k in the last three weeks. That means last three weeks also its price was between 25k to 26k and right now it has increased to 36k. I think this time bitcoin price will be 45k to 50k.

Bitcoin's stance doesn't look that strong to me, I know that it went up about $10k or more within the last couple of weeks but it has since been stable around that price and hasn't been able to go above $37k which is the highest point for it so far this year and I feel like it won't be able to go towards $40k within this year as we only got about one and a half months remaining. So, I'm more looking forward towards the first couple of months of the new year.

The first three months of 2023 were pretty good for the market because Bitcoin went from around $17k to $32k within that period which was a pump everyone was looking for to regain some hope after all the unfortunate things that happened last year including LUNA and FTX collapses. So, I'm expecting something good again this time around.