WILL BITCOIN CONTINUE TO RISE

[Inior]

Hello guys, I was just wondering on what could be the true position of bitcoin in the next few months to come, considering the fact that bitcoin recently hit a mid term all time high of $50k,  indeed this was a mile stone and could have been the target of most investors and retail traders ,
so From the look of things from a fundamental and analytical point of view their are diverse possibilities. will bitcoin continue to rise up to the 59200.00 and 64302.83 price level only to break down to the 29637.99 price level to gather momentum or will the upward  trajectory move Continue to take bitcoin to the moon in the near future,  or will bitcoin be trapped in the 59200.01 And 42730.420 price zone 🤔
Whats your take on this matter?

[btc_angela]

Hello guys, I was just wondering on what could be the true position of bitcoin in the next few months to come, considering the fact that bitcoin recently hit a mid term all time high of $50k,  indeed this was a mile stone and could have been the target of most investors and retail traders ,
so From the look of things from a fundamental and analytical point of view their are diverse possibilities. will bitcoin continue to rise up to the 59200.00 and 64302.83 price level only to break down to the 29637.99 price level to gather momentum or will the upward  trajectory move Continue to take bitcoin to the moon in the near future,  or will bitcoin be trapped in the 59200.01 And 42730.420 price zone 🤔
Whats your take on this matter?

We will find out, the block halving is around the corner, it is the catalyst for the eventual bull run that we are all asking for. And so far we are mooning, but just relax, the question is, have you filled your bags with bitcoin already?

It's good that you have put your analysis, like it's going to continue to  59200.01 or go down 42730.420. I'm not good at TA, but one thing is for sure, with this kind of sentiments and bullishness, most likely it will continue to risk pre-halving, and after that, 6 digit at least for our new all time high.

[OgNasty]

With demand clearly surpassing supply since the ETF approvals and the halving right around the corner, I would say the only thing able to stop this market from continuing it’s rise is a massive amount of coins being sold on the market. The only such hoard of coins coming to the market is mtgox, so that’s the swan to watch for.

[Adbitco]

Bitcoin must not continue rising as you may think just that is targeting to gain another ATH and if that is projected then it will definitely drop and that could be the bear market. However people are always wanting to see this phase of bitcoin reaching another mind blowing milestone, and if i am not mistakenly that is the major target of most investors and once that is reached they don't mind taking profits.
What you should know is that the increased in price of bitcoin cannot be overemphasized therefore you considering the volatility level is also another important aspect of holder and to those who are looking up for a new ATH.

[Stalker22]

Who knows where this thing goes next.  I mean, it could blast off to the moon again if some big announcement happens.  Or maybe it hangs around the same price for awhile if things stay calm and  heck, it might even take a little dip before gathering steam to climb higher.  There is just so much going on that affects it - from news around the world to changing regulations to people getting caught up in FOMO.  I sure cant guess exactly what will happen, kinda like trying to predict what my silly cat is thinking half the time.

Anyway, point is nothing is guaranteed with Bitcoin.  Buckle up cause the ride tends to get bumpy.  But, makes it interesting at least!

[Text]

Bitcoin has shown resilience and a tendency to surprise, whether with sharp rises or corrections.
This continued adoption and increased institutional interest are driving Bitcoin's upward momentum.
Hitting the $50K mark again after 2 years is a big deal, it shows sustained interest and potential for further growth.
All scenarios that you have mentioned are possible, but each comes with its own set of ifs and buts.

[$weetne$$]

Hello guys, I was just wondering on what could be the true position of bitcoin in the next few months to come, considering the fact that bitcoin recently hit a mid term all time high of $50k,  indeed this was a mile stone and could have been the target of most investors and retail traders ,

Considering $50,000 could have being a target for most investors and traders, we should be expecting a correction in the market soon. If Bitcoin continue in this trajectory we could see Bitcoin crossing the past all time high before the halving and that hasn't happened before therefore my typical guess would be a correction will happen and the price of Bitcoin will fall below $50,000 and the rest months before the halving will be used for recovery as Bitcoin will be trading sideways. I would have loved to say Bitcoin will continue rising but if we're telling ourselves the truth it won't happen that way. I'm already prepared for Bitcoin correction as I'm keeping some money in stablecoins and waiting for the correction to buy more Bitcoin.

[Fundamentals Of]

We are probably certain that Bitcoin won't be trapped in the $59,200 and $42,730 prize zone. I mean why should that happen in the first place? I can see no reason why Bitcoin would only stay within that zone.

I can also see no reason why Bitcoin would rise to $64,302 only to fall down to $29,637. Although it's not impossible, it is difficult to imagine. Corrections will definitely happen along the way of Bitcoin rising to new levels, but it would not be as extreme as that. If this scenario happens, it will take a long time. It's not going to be sudden.

[yhiaali3]

Personally, I see that Bitcoin will remain in sideways movement for some time, with highs and lows within the 45-56K$ price area until a few months after the halving.

We are now in the accumulation phase and demand is increasing, and what happens after halving and the reduction of rewards by half will make the quantities offered decrease and demand increase. This may take a few months, then we will certainly see a new ATH, as it is expected that we will reach 100k$.

But the question is, will Bitcoin maintain this price? Many investors have been collecting Bitcoin for years and are waiting to see 100K$, then they start selling, and here the market will be flooded with large amounts of Bitcoin, and this may lead to prices falling again.

[Sexylizzy2813]

Hello guys, I was just wondering on what could be the true position of bitcoin in the next few months to come, considering the fact that bitcoin recently hit a mid term all time high of $50k,  indeed this was a mile stone and could have been the target of most investors and retail traders ,
so From the look of things from a fundamental and analytical point of view their are diverse possibilities. will bitcoin continue to rise up to the 59200.00 and 64302.83 price level only to break down to the 29637.99 price level to gather momentum or will the upward  trajectory move Continue to take bitcoin to the moon in the near future,  or will bitcoin be trapped in the 59200.01 And 42730.420 price zone
Whats your take on this matter?

Definitely it will continue rising and it won't stop, getting to $50k some hours back has been the expectation of many investors and traders since before getting to this year. I wasn't expecting Bitcoin price to get any higher to this $50k after the slow movement of late and it seems like it wasn't getting past $45-$47k but it did and I wouldn't want to see it go back to $44k or something below that.
Due to the expected halving the price of Bitcoin could get to maybe $65-$70k or even more, that's if the movement stays that way (moving forward), although we still haven't gotten a stable movement because as it is the price is still $49k, so let's hope it start getting up to $56k before the end of this week.

[adaseb]

For the past few days we got half a billion dollars worth of bitcoins bought by the etfs. Even today it looks like we
Might get another half a billion dollar day.

Sure we dipped earlier but it was because of the higher than expected CPI print which means that rate cuts need to be pushed further away and hence why stocks crashed and bitcoin followed. However it corrected lately in the day and the daily price change is almost nil.

[kotajikikox]

Don't look on the next few months instead in the next year, the 50k price now shows that Bitcoin will keep pumping and it will progress more and more in the coming halving season so better watch out.

[kingvirtus09]

Hello guys, I was just wondering on what could be the true position of bitcoin in the next few months to come, considering the fact that bitcoin recently hit a mid term all time high of $50k,  indeed this was a mile stone and could have been the target of most investors and retail traders ,
so From the look of things from a fundamental and analytical point of view their are diverse possibilities. will bitcoin continue to rise up to the 59200.00 and 64302.83 price level only to break down to the 29637.99 price level to gather momentum or will the upward  trajectory move Continue to take bitcoin to the moon in the near future,  or will bitcoin be trapped in the 59200.01 And 42730.420 price zone 🤔
Whats your take on this matter?

Honestly, there is no market where the price is continuously rising. Of course, if we see now that the price value of Bitcoin is rising, it will still have a retracement or correction called for, but right now it doesn't seem to be at that point.

Although I could say that we are still in the bullish trend, it is in accordance with what I see in the chart of Bitcoin trading, and this is what I read, so it is possible that this week it will break around 53k$, but of course we cannot tell the market yet because it is unpredictable and very volatile.

[GbitG]

According to my theory, I am seeing two faces of the current market. The first is that if we see the rapid rise of this price, it shows that it is a trap for whales because long and short trades are open from 43k to 51k and whales are punting the price under the pretext of liquidating it. Because the stock trade is very open until 51k, it is a trap to liquidate it.
 
Second, my guess is, look at this price movement, it seems that it will be repeated like in 2016 because in the price movement of 2016, Bitcion used to start rallying before Halving, meaning a straight forward rise, and when Halving came, suddenly happened, found the dump. So if we see that the next halving is on August 24 in 2024, then it may be possible to raise the price of Bitcoin until August and then dump it, but this is a possibility, it means speculation, not necessarily. The rest can look up within the annual tume farm by comparing today's chart and the 2016 chart.

[Faisal2202]

Whats your take on this matter?

Bitcoin will never be trapped in the ranges you have given, and will never make that big correction of touching $29637, after touching $64302. That's because the last time when BTC touched $48k, most of the retail traders and investors booked profit and exited the market. That's why the volume increases and supply also. Means the price drops ever since. But that was obviously a correction and most of us know BTC will make a comeback.

One of my local influencers, made a prediction 3 days before about BTC touching $48k that's because the pattern was reverse head and shoulder and according to that BTC is going up to $48k. And that same influencer made another tweet few days ago that BTC might touch $55k. So, I am bullish now that BTC will touch $55k but I don't think it will be trapped here for so long considering the fact halving is coming and bull also.

[sokani]

Whats your take on this matter?

Bitcoin is a volatile asset and no one knows what the price could be in the coming months, all we can do is to speculate. Today, you can see how the price took a dive to $46.3k, which many persons never anticipated but it's now back up to $51.4k. So the idea is to keep holding and not to be distracted by the price swings. After Bitcoin halving we expect the market to begin to gain momentum for the bull season.

[tabas]

Only time will tell, it can be trapped at this point and some corrections are on their way. And if we're going to see that part, any price below the current is always possible. $29k is possible but I don't think that we'll get back there, there's a stronger bullish part at this end than of going with the bearish sentiment. As we all know, the cycle is in and once we pass through the halving then any price that's higher than of today's price is possible to be surpassed. Long term wise, we know that Bitcoin will continue to get back to its former ATH of 2021 and then might be higher than that. While these ETF purchases could still be probably sold by these institutions in batches as what they used to do and that's to make money but buying force and demand is higher thanks to halving and the cycle that we're in.

[Yaunfitda]

Only time will tell, it can be trapped at this point and some corrections are on their way. And if we're going to see that part, any price below the current is always possible. $29k is possible but I don't think that we'll get back there, there's a stronger bullish part at this end than of going with the bearish sentiment. As we all know, the cycle is in and once we pass through the halving then any price that's higher than of today's price is possible to be surpassed. Long term wise, we know that Bitcoin will continue to get back to its former ATH of 2021 and then might be higher than that. While these ETF purchases could still be probably sold by these institutions in batches as what they used to do and that's to make money but buying force and demand is higher thanks to halving and the cycle that we're in.

Yes, Bitcoin is a volatile asset, although there are some tools to help us predict, it's not that accurate. As we can see, when we had the ETF approved, we thought that it's automatic $50k for us. But guess what? the price moves in the opposite direction, it goes to $39k. But then again, after a week or two, price is now $50k and now still moving to $52k. So maybe we can see another correction, or maybe the price will continue to go up, only time can tell. And again, there will be some technical analysis that seems to be predicting this movement, but it could be invalidated by a simple negative news and pull down the market again. But we still up some aces, the block halving. It will be the catalyst for the price to increase in the future and welcoming us for the bull run.

[Davian144]

Don't look on the next few months instead in the next year, the 50k price now shows that Bitcoin will keep pumping and it will progress more and more in the coming halving season so better watch out.

Apart from still having to be careful, everyone who has benefited from the continued increase in the price of Bitcoin which has exceeded $50K is now a day of joy for those who still hold their Bitcoin. Because at the halving moment, Bitcoin may not experience a price correction and instead continue to increase to reach a new ATH this year, so this also needs to be awaited and celebrated more wisely by those who still hold Bitcoin and also by Bitcoin investors during this time.

[Wiwo]

Bitcoin has shown resilience and a tendency to surprise, whether with sharp rises or corrections.
This continued adoption and increased institutional interest are driving Bitcoin's upward momentum.
Hitting the $50K mark again after 2 years is a big deal, it shows sustained interest and potential for further growth.
All scenarios that you have mentioned are possible, but each comes with its own set of ifs and buts.

If the price of Bitcoin os able to sustain the 50k above region for the next coming days and being able to gather the momentum that will push the price to remain at that price,  it will definitely be another season were we may likely see the next all time high prior to bitcoin halves,  so for Bitcoin to have attain this price in this period in time,  these shows that we may be in for another round of bull run.

But we may not be certain as to whether the price of Bitcoin continues to rise or not and for that we need just to follow the market in such a way that we may be able to withstand whatever outcome that we may have at the end of the day either bull market or a correction before the main ATH.