pooya87
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May 18, 2024, 04:26:56 PM |
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Bitcoin market is generally unpredictable. Nowadays that the global economy is in ruins with high inflation and recession at the same time, things become even less predictable in bitcoin market. Then we have the sudden big drop where price went below a strong support at $60k, so it is understandable to see people get confused about the market situation and stop posting "predictions" or rather speculation...
I'm still looking at interest rates and inflation to soo if they either lower the rates of if they keep it up BUT inflation blows up and goes to the moon as high rates fail to contain it! Either way bitcoin should go up if any of these two happen.
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yudi09
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May 18, 2024, 05:19:09 PM |
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-snip-
Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?
Bitcoin price speculation and predictions do not always have to be visible. On platforms like x.com, speculation and price predictions still exist if you pay attention. After the halving, we admit that the price of Bitcoin experienced a correction from a price above $73k back to a price below $69k or even below. Even now the price is still difficult to get above $69k. Although this is only normal and some people think that the difficulty in breaking through prices above $70k is only temporary in preparation for an increase higher. If I observe current conditions, the market is not bad.
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Gozie51
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May 18, 2024, 05:53:26 PM |
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Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?
There is no reason to worry that the speculations have been silent, it is normal. If bull turns to bear and a slow steady market, it also usually slow the market sentiment and noise. Why you will see this noise settling down is because the bull came sometime before the halving and that hype has died down for now but definitely the price will raise above the current ATH even beyond our expectations. One of the major reason that the price must raise is that, it is traditional for btc price to increase beyond existing ATH after halving, so that has not happened. The current ATH happened before halving and so we are about to see an ATH caused because of the phenomenon of halving which is block splitting and reward for miners. So it is not a ruse that price will increase before the next ATH in 4 years time.
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Fatunad
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May 18, 2024, 06:43:11 PM |
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Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?
There is no reason to worry that the speculations have been silent, it is normal. If bull turns to bear and a slow steady market, it also usually slow the market sentiment and noise. Why you will see this noise settling down is because the bull came sometime before the halving and that hype has died down for now but definitely the price will raise above the current ATH even beyond our expectations. One of the major reason that the price must raise is that, it is traditional for btc price to increase beyond existing ATH after halving, so that has not happened. The current ATH happened before halving and so we are about to see an ATH caused because of the phenomenon of halving which is block splitting and reward for miners. So it is not a ruse that price will increase before the next ATH in 4 years time. If you are really just that new into this market then you would really be having that kind of impression but on the moment that you've been here on this market for long years or been a while then these kind of conditions or situations is really just that like an ordinary on this space on which means that you would really be just that simply sit down and wait up for some recovery or some significant movement. We do know that there are indeed times or conditions that the price would really be that moving sideways or something that be in consolidation on which means that it the moment or condition that it would really be on this way and if you are someone whose lacking that awareness and experience then you would really be panicking out or would really be having those questions. This is why you should really be that making yourself that getting used to it because on the moment that you do freak out then you would be losing up your focus on the things that you must do because you do let yourself being stirred up because you've been expecting on something.
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kentrolla
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 18, 2024, 07:19:38 PM |
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Bitcoin market is generally unpredictable. Nowadays that the global economy is in ruins with high inflation and recession at the same time, things become even less predictable in bitcoin market. Then we have the sudden big drop where price went below a strong support at $60k, so it is understandable to see people get confused about the market situation and stop posting "predictions" or rather speculation...
I'm still looking at interest rates and inflation to soo if they either lower the rates of if they keep it up BUT inflation blows up and goes to the moon as high rates fail to contain it! Either way bitcoin should go up if any of these two happen.
Aligned on your statement but the problem I see here is the number of so called influencers who calls the randon prediction about Bitcoin when it's trending upwards and to be honest it's misleading most of the time and I can testify as I had been following few of them in the past and they have huge followers but when we check their predictions it all fails and I believe either they should be accurate which is impossible and if not they shouldn't randomly be suggesting market conditions just for more views and profit
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adultcrypto
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May 18, 2024, 11:58:22 PM |
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This is because the price of biitcoin has already increased and we are not yet in another bull market.
I think we have always been in bull market for a long time and not even the recent retracements changed that fact. In trading, what the market did recently is called compression or consolidation which is a way the market builds momentum before big moves occurs in the market. What is certain is that after the compression comes big moves but it is not certain which direction the big move will occur but from the events that happened recently, it will likely be in the bullish direction. Also because there are dull time immediately after halving and we are in that dull period now. Let us see what will happen after 2 to 5 months. My speculation is still that bitcoin will reach $100000 in 2024.
Fair enough 2 to 5 months time from now is ample time for the market to truly give us the direction it will move to. That should be a strong and sustained move not driven by hype and fear, although such moves have its way of generating hypes.
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Churchillvv
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May 19, 2024, 01:00:05 AM |
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The promising approach about the rising of Bitcoin price seemly to have emotional influence on investors which at some points triggers market sentiments.
Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?
At some point in the market I believe people usually gets tired of prediction because the volatility of bitcoin is now on a state of deep confusion because the price is not showing a trend yet it's just fluctuating around 60kish to 65kish price so most people don't seem it necessary to keep predicting. Or maybe some are enjoying the profit they made when bitcoin broke it's ATH. Or maybe the market is boring to an extent that people just want to relax and enjoy what they planted long time ago I’ll give you a prediction, 1BTC = $200,000 before the end of 2025.
Let me add to your predictions @LFC_Bitcoin. My prediction,1 BTC = $120,000 before the third quarter of 2025
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pooya87
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May 19, 2024, 03:24:35 PM |
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Or maybe some are enjoying the profit they made when bitcoin broke it's ATH. Or maybe the market is boring to an extent that people just want to relax and enjoy what they planted long time ago
Market is definitely getting boring but even during a boring period where price only goes sideways we continue seeing speculation because this period is usually the launching step for the next bull run. And remember we are in the post-halving time where the fresh supply being sold has been reduced by 50% and that has to have a significant effect on the supply and demand balance leading to a rise.
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lombok
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May 20, 2024, 10:35:21 AM |
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Or maybe some are enjoying the profit they made when bitcoin broke it's ATH. Or maybe the market is boring to an extent that people just want to relax and enjoy what they planted long time ago
Market is definitely getting boring but even during a boring period where price only goes sideways we continue seeing speculation because this period is usually the launching step for the next bull run. And remember we are in the post-halving time where the fresh supply being sold has been reduced by 50% and that has to have a significant effect on the supply and demand balance leading to a rise. The supply of Bitcoin has not decreased, but the income of Bitcoin miners has been greatly reduced by more than 50%. The level of reward given to miners is very little while demand is increasingly high and maintenance costs and all the requirements for mining are also high. So there should indeed be the potential for an increase in Bitcoin prices soon.
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Churchillvv
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May 20, 2024, 11:36:12 AM |
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Or maybe some are enjoying the profit they made when bitcoin broke it's ATH. Or maybe the market is boring to an extent that people just want to relax and enjoy what they planted long time ago
Market is definitely getting boring but even during a boring period where price only goes sideways we continue seeing speculation because this period is usually the launching step for the next bull run. And remember we are in the post-halving time where the fresh supply being sold has been reduced by 50% and that has to have a significant effect on the supply and demand balance leading to a rise. Your assessment is correct! The significant effect that has cost the market to be boring at this time shows the validity of the law of supply which says the lower supply the high the quantity demanded, the reduction in block reward by 50% is quite effective in the market but we can not also forget that the boringness of the market can also be as a result of market sentiment where investors awaits the effect of reduced block supply hence speculation in this forum and outside has reduced from the observation of Op We can also consider this boringness during post-halving period to be a result of historical trends since we (investors) have some experience of halving effect in the price of bitcoin, BTC price could be less speculated because of past trends expectations and sentiments.
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mirakal
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May 20, 2024, 12:10:00 PM |
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-snip-
Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?
Bitcoin price speculation and predictions do not always have to be visible. On platforms like x.com, speculation and price predictions still exist if you pay attention. After the halving, we admit that the price of Bitcoin experienced a correction from a price above $73k back to a price below $69k or even below. Even now the price is still difficult to get above $69k. Although this is only normal and some people think that the difficulty in breaking through prices above $70k is only temporary in preparation for an increase higher. If I observe current conditions, the market is not bad. You are right, price predictions and speculations may not always be visible but I know they are still present in the market. It’s just that current price is now in a good position although it has not exceed above $70k but we all know it’s heading there. However, still price correction might eventually back again right after bitcoin reaches another significant price so we should still prepare for it and accumulate more bitcoin if possible. Bitcoin price predictions and speculations will always be a part of an unpredictable market. The moment it stops, which I guess won’t be possible, then I think this volatile market will not be interesting anymore.
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moneystery
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May 20, 2024, 01:32:52 PM |
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it is natural to see that we are currently in a sideways position and this makes many investors bored because of the uncertain conditions. and it has also been previously predicted by many investors, that after the halving, the market will not immediately experience bullishness, but we will enter a sideways phase and it will only take a few months for it to increase. so right now many investors are focusing on consolidating for the bull market later.
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fuguebtc
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 20, 2024, 01:54:47 PM |
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-snip-
Who has observed that the speculations and predictions of Bitcoin price has gone silence since the market went DIP after the halving?
Bitcoin price speculation and predictions do not always have to be visible. On platforms like x.com, speculation and price predictions still exist if you pay attention. After the halving, we admit that the price of Bitcoin experienced a correction from a price above $73k back to a price below $69k or even below. Even now the price is still difficult to get above $69k. Although this is only normal and some people think that the difficulty in breaking through prices above $70k is only temporary in preparation for an increase higher. If I observe current conditions, the market is not bad. You are right, price predictions and speculations may not always be visible but I know they are still present in the market. It’s just that current price is now in a good position although it has not exceed above $70k but we all know it’s heading there. However, still price correction might eventually back again right after bitcoin reaches another significant price so we should still prepare for it and accumulate more bitcoin if possible. Bitcoin price predictions and speculations will always be a part of an unpredictable market. The moment it stops, which I guess won’t be possible, then I think this volatile market will not be interesting anymore. People are still making predictions about the market but we cannot deny that before the halving there were many positive predictions about bitcoin increasing in price and creating a new ATH after the halving. But after the halving was completed, bitcoin continued to adjust and showed no clear signs of price increase , which made most investors discouraged and did not want to make too many predictions about the market. I'm also a regular user of X , and I've also noticed that bitcoin's predictions have become much quieter than they were months before the halving . Even on this forum, people still make predictions about the price of bitcoin , but it is clearly becoming much quieter than before.
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