I believe Bitcoin will surge to new heights after this dip

[Smack That Ace]

As of now, Bitcoin is trading at $61,707, down 3.7% in the past week and down 8.4% in the last month. All eyes are now on the key data released by the United States next week that will determine the fate of Bitcoin and the cryptocurrency market.

to say that the fate of bitcoin is determined by news from america seems to be an exaggeration, because the bitcoin market has performed well in recent years, even though at some times it has dropped significantly, but if we look back bitcoin has had an upward performance. and even as american authorities crack down on crypto platforms there, the bitcoin market is still growing. even though there is still an impact from news coming from america, i don't think it is so significant that it causes bitcoin to experience a serious decline, only a slight correction and that is a normal thing due to the market's response to the news.

Do you remember in 2022 when the war broke out, inflation in the US was at its highest level in the past 40 years, the Fed raised interest rates...and how severely was bitcoin dumped? Not only bitcoin but the entire world economy will also be seriously affected if the US economy has problems. Decisions like the bitcoin ETF, lawsuits surrounding the SEC and the market have significantly impacted bitcoin and cryptocurrencies. Therefore, it is impossible to deny the significant impact of news from the US on bitcoin or the cryptocurrency market.

I believe that bitcoin's rise to 66k USD in the past 2 days is a positive impact of inflation showing signs of decreasing and there is no better reason.

[Woodie]

You don't need to consult or listen to analysis from any analyst, bitcoin's price increase is inevitable and will definitely happen, the only problem is time. That's why people often advise each other not to pay too much attention to the short-term volatility of bitcoin, look at the long term and bitcoin will never disappoint us.

I have not heard this in a long time and like the advice
It's funny how all these guys have appointed themselves experts of Bitcoin but where nowhere to be seen when price was worthless and few believed in crypto...but today have become the loudest!!

Btw, I do agree we don't need the so called consultants because we already know that Bitcoin supply is in a limited supply and price is going in one direction..which is UP.

[AnonBitCoiner]

I also believe that bitcoin will go into a correction and bitcoin may double in value during a bull run. Bitcoin ups and downs It is normal thus bitcoin boasts its new record. Many investors are buying and holding bitcoin as the price drops making it a great time for them to buy bitcoin deep. Now if you don't it's not worth investing in anything. Investing in bitcoin is less risk of losing your money and it will be a nice in the future.

The corrections take place when there continues huge gain therefore after reaching to 73k$ the price of Bitcoin goes towards the phase of correction. Now everyone is feeling well because of the surging phase where the price becomes more valuable for all investors to take profit but most of them will wait more to enhance their profit.

The better feature of Bitcoin is that whenever it decreases in price then it does not mean that forever it will be lower but it has the capacity to turn greenish after some time. There is no more secure asset than Bitcoin so don't try to find another opportunity because there will be huge risk but Bitcoin can minimize your risk during each bull season.

[Ben Barubal]

Regardless, cryptocurrency investors are always looking for opportunities to buy on dips.

Renowned analyst Michaël van de Poppe has recently provided analysis and predictions on the Bitcoin, Ethereum and altcoin sectors. The analyst said that Bitcoin is currently trading in a tight range and could rise to around $70,000 to $72,000 if it breaks through the $63,000 level.

As of now, Bitcoin is trading at $61,707, down 3.7% in the past week and down 8.4% in the last month. All eyes are now on the key data released by the United States next week that will determine the fate of Bitcoin and the cryptocurrency market.

     It is possible to change the current trend momentum, because it is possible that every month from now there will be a change in terms of its price in bitcoin, and others will follow it
with more altcoins too, for sure.
 
     This is what I have seen in previous bull runs, according to the research I am doing at the moment, as if history has always repeated itself in the past few halving's. That's why we don't know how the whale manipulators will do that in this bitcoin industry.

[justdimin]

You don't need to consult or listen to analysis from any analyst, bitcoin's price increase is inevitable and will definitely happen, the only problem is time. That's why people often advise each other not to pay too much attention to the short-term volatility of bitcoin, look at the long term and bitcoin will never disappoint us.

I have not heard this in a long time and like the advice
It's funny how all these guys have appointed themselves experts of Bitcoin but where nowhere to be seen when price was worthless and few believed in crypto...but today have become the loudest!!

Btw, I do agree we don't need the so called consultants because we already know that Bitcoin supply is in a limited supply and price is going in one direction..which is UP.

I mean it is clear that people will talk about short term, but they do not realize that short term could benefit from long term as well. Think about it this way, unless you are doing like margin, futures etc where you could get liquidated, then it means that you can hold.

So go ahead, buy whatever you want, however you can afford, if you are right and it goes up then you can sell, and if you are wrong then just buy more and hold. So that is why long term matters when trading, people who are analysts try their best to make whatever they can, but if you know what you are doing and your only aim is to get richer and richer, and not get rich quick, then it means you could do this without a problem at all.

[poodle63]

You don't need to consult or listen to analysis from any analyst, bitcoin's price increase is inevitable and will definitely happen, the only problem is time. That's why people often advise each other not to pay too much attention to the short-term volatility of bitcoin, look at the long term and bitcoin will never disappoint us.

agreed with this, people too fixated on the short term volatility like current price dipping but actually in the grand scheme of things most specifically bitcoin historical chart prices, we are still up higher more than ever, current dipping even doesn't give a dent to what bitcoin has achieved over the course of years.
honestly there phrase holder always win exist not without a reason, at the end of the day people who bought at the very bottom around $20k right now already having good profit of 300% increase, these people are holder that even with many negative news around bearish they are diamond hand that refuse to sell it at such low prices.
the long term investment with bitcoin is always good, from current chart itself we always see that price consistently increases.
even people who bought at ATH back then are profitting already.
just really can't go wrong with long term investment, just be sure to buy low when there's bearish.

[Kelward]

You don't need to consult or listen to analysis from any analyst, bitcoin's price increase is inevitable and will definitely happen, the only problem is time. That's why people often advise each other not to pay too much attention to the short-term volatility of bitcoin, look at the long term and bitcoin will never disappoint us.

I have not heard this in a long time and like the advice
It's funny how all these guys have appointed themselves experts of Bitcoin but where nowhere to be seen when price was worthless and few believed in crypto...but today have become the loudest!!

Btw, I do agree we don't need the so called consultants because we already know that Bitcoin supply is in a limited supply and price is going in one direction..which is UP.

What is certain is that after this short term Bitcoin price pump and dump, that the only place that it's going is up, it's obvious from previous experiences that after halving, it'll be price dip and after that it'll be straight way to bull run. This is why many old time investors are not bothered about the short term price dip or speculations, because after all said and done price surge will lead us to bull run, and we don't need a prophet to prophecy this fact. Maybe price surge might start sooner than we expect, presently it's at $67k, so breaking the former ATH might happen soonest, then there'll be no major dip till after the peak of bull run.

[bitterguy28]

Regardless, cryptocurrency investors are always looking for opportunities to buy on dips.

Renowned analyst Michaël van de Poppe has recently provided analysis and predictions on the Bitcoin, Ethereum and altcoin sectors. The analyst said that Bitcoin is currently trading in a tight range and could rise to around $70,000 to $72,000 if it breaks through the $63,000 level.

As of now, Bitcoin is trading at $61,707, down 3.7% in the past week and down 8.4% in the last month. All eyes are now on the key data released by the United States next week that will determine the fate of Bitcoin and the cryptocurrency market.

Well Bitcoin is starting to show its power hitting 67k as of typing and looks like there will be a good hype coming anytime soon?

Actually it is given that every dumping there will be an increase and with Bitcoin have had halving recently?I think there will be good thing coming to Bitcoin market .

[darkangel11]

Renowned analyst Michaël van de Poppe has recently provided analysis and predictions on the Bitcoin, Ethereum and altcoin sectors. The analyst said that Bitcoin is currently trading in a tight range and could rise to around $70,000 to $72,000 if it breaks through the $63,000 level.

Personally, I don't focus on these ranges and I don't trade bitcoin. 60-70k is a range we've visited a couple times over the years and it's not something I'd react to as a bitcoin holder, unless I had a very good reason to do so. It's the 80k+ that's interests me and this is where the real fun begins, when we go above 75k and people start to FOMO.
IMO bitcoin has a potential to go towards $100k and that's going to be the main resistance line because it's such a big and round number, like $1k used to be in 2013. That's where many people will decide if they want to continue holding bitcoin or if they have enough money already.

[stadus]

You don't need to consult or listen to analysis from any analyst, bitcoin's price increase is inevitable and will definitely happen, the only problem is time. That's why people often advise each other not to pay too much attention to the short-term volatility of bitcoin, look at the long term and bitcoin will never disappoint us.

I have not heard this in a long time and like the advice
It's funny how all these guys have appointed themselves experts of Bitcoin but where nowhere to be seen when price was worthless and few believed in crypto...but today have become the loudest!!

Btw, I do agree we don't need the so called consultants because we already know that Bitcoin supply is in a limited supply and price is going in one direction..which is UP.

Precisely. Bitcoin price increase is inevitable so we should not be bothered too much whenever bitcoin price touches some dips because clearly, that is a good motivation for bitcoin to reach an all time high after. We have seen this on the previous years so this isn’t new to us anymore.

Bitcoin is highly volatile so never expect that its price will stay high or low consistently. But for sure bitcoin won’t settle for any low or less value, but it’s price will always appreciate in time, we just have to wait for the right time when it’s suppose to happen.

[STT]

Its a fair estimate if we have many attempts to sell that fail we are due to test the highs. That is what is occuring right now and if we dont surpass 70k properly its going to loop around once again.  The difference this time is we have made a new high on the weekly bars after declining for a couple months in a row quite clearly a low high each time; a sequence break is significant and can lead to a new paradigm.   So this week is different but my greater  hope is it leads to greater things.

I would not assume much higher until we both pass 70k and prove it to be a new low that people buy at not sell as this has been the case since February.

[Mr.right85]

If am to respond to the thread’s title, I would say it’s pretty normal to expect a highs and higher highs after a dip. It’s just how the market is. It’s never stagnant and doesn’t stay at the bottom, it might have a period of consolidation when the market ranges about a point but there after, it’s sure to pump. Lately, it’s been able to pump to around $67k and then it dumped a little. I hope to see some progress in price through the coming week.

I would not assume much higher until we both pass 70k and prove it to be a new low that people buy at not sell as is the case since February.

$70k mark isn’t being too ambitious, in fact, it’s a nice place to start marking when the bulls would be ready to pick up things and should it happen sooner, we might just be preparing for another ATH even without the bullrun fully materializing.

[adultcrypto]

Well Bitcoin is starting to show its power hitting 67k as of typing and looks like there will be a good hype coming anytime soon?

Actually it is given that every dumping there will be an increase and with Bitcoin have had halving recently? I think there will be good thing coming to Bitcoin market .

This is not the first time bitcoin is rising this high and dropping even below $50k so even though it feels good seeing the market make some gains, I will not allow the excitement get me distracted from the main thing which is buying more and making good use of the dip. The time I feel we can be rest assured that the halving induced moves have started is when bitcoin makes a new ATH. When that happens, my projection destination is $100k

Renowned analyst Michaël van de Poppe has recently provided analysis and predictions on the Bitcoin, Ethereum and altcoin sectors. The analyst said that Bitcoin is currently trading in a tight range and could rise to around $70,000 to $72,000 if it breaks through the $63,000 level.

Personally, I don't focus on these ranges and I don't trade bitcoin. 60-70k is a range we've visited a couple times over the years and it's not something I'd react to as a bitcoin holder, unless I had a very good reason to do so. It's the 80k+ that's interests me and this is where the real fun begins, when we go above 75k and people start to FOMO.
IMO bitcoin has a potential to go towards $100k and that's going to be the main resistance line because it's such a big and round number, like $1k used to be in 2013. That's where many people will decide if they want to continue holding bitcoin or if they have enough money already.

I do not know what you are seeing at the 80K+ but my area of interest is 100k which is my pre-halving projections. When we reach this price, I expected some sell off from people who would have been waiting to do so. The only people that will be able to resist the urge to sell at this price are the long term holders.

[bitgolden]

Basically everyone thinks the same way, that is why it didn't drop all that much and right now trading around $70k levels after the dips. Everyone knows that we are going to go up, we are going to have a great result eventually, which means that we are going to keep investing. If everyone is aware that we are going to end up with such a good result then why would we not care about buying some more? That is what we are going to keep seeing and that should be the most important part of it all.

I know that it is going to surprise with more great levels eventually, that just means that we are going to touch $100k levels which will not be all that complicated, it will be something that will take some time but we are going to get there.

[ShowOff]

Basically everyone thinks the same way, that is why it didn't drop all that much and right now trading around $70k levels after the dips. Everyone knows that we are going to go up, we are going to have a great result eventually, which means that we are going to keep investing. If everyone is aware that we are going to end up with such a good result then why would we not care about buying some more? That is what we are going to keep seeing and that should be the most important part of it all.

I know that it is going to surprise with more great levels eventually, that just means that we are going to touch $100k levels which will not be all that complicated, it will be something that will take some time but we are going to get there.

Are you sure that everyone who advises you to buy more bitcoin now has a budget that they can always invest whenever the opportunity arises?
I'm not sure that all of them have the budget to invest, in fact I can be sure that some of them only suggest other people without daring to do it themselves because they don't have a budget and are also afraid that the price is too high.

I understand that sometimes other people can only suggest the best for others, while they themselves are unable to do so for some reason. If someone has a budget and a stable income every month, then it may be worth it for them to buy more bitcoin now and hold it for the long term until their profit target is reached.

[pixie85]

Basically everyone thinks the same way, that is why it didn't drop all that much and right now trading around $70k levels after the dips.

Situations like that where everybody thinks alike are usually traps because that attitude pumps longs and it doesn't take much to start a liquidation cascade. When rich people see this it's an opportunity to liquidate overextended levered retards, which is why bitcoin has to increase slowly but surely. When you see a FOMO rally its time to get out or cold storage and get ready for the bear market.

I also think we'll get a new ATH this year, but it could go to $80000 or 85000 and end it there. Don't wait for it to hit a new high to buy because by that time it will be too late.

[Hypnosis00]

I can totally see why people feel optimistic that Bitcoin will reach a new all-time high after this latest price drop.  Plenty of folks seem to think it's a prime buying opportunity right now.  But you raise a fair point - not everyone sees it that way and  some investors remain cautious, wanting to see where things land before making any big moves. 

At the end of the day, reasonable minds can disagree on this stuff.  I don't think either view makes someone naive or foolish.  It really comes down to your own investing style and stomach for risk.  But one thing's for sure - Bitcoin keeps things interesting! Its price swings tend to spark lively debates, thats for sure.

That is trust and faith - people believe it as it happened in the past when ATH came after halving and that kind of belief is still on their minds despite the drops. Whether it is true or not but I would agree with them and I was also expecting ATH in the coming days.
Their optimism drives them to keep calm and stay strong. But those who feel uncertain will make themselves uncomfortable.

We can say that every drop is a buying opportunity but of course, we can expect everyone will take this especially when they're done already. And I assume that most of us have filled our bags already during the last major correction.

[Marvell1]

You don't need to consult or listen to analysis from any analyst, bitcoin's price increase is inevitable and will definitely happen, the only problem is time. That's why people often advise each other not to pay too much attention to the short-term volatility of bitcoin, look at the long term and bitcoin will never disappoint us.

I have not heard this in a long time and like the advice
It's funny how all these guys have appointed themselves experts of Bitcoin but where nowhere to be seen when price was worthless and few believed in crypto...but today have become the loudest!!

Btw, I do agree we don't need the so called consultants because we already know that Bitcoin supply is in a limited supply and price is going in one direction..which is UP.

If we take the time to learn everything about bitcoin, we will see that it is only a matter of time before bitcoin price increases and we can also be our own experts without having to listen to anyone's predictions. Furthermore, if we spend time understanding the market, we will know that this market has no experts, only cycles and investor psychology. But the sad thing is that most people don't take the time to learn everything, they just like to go to self-proclaimed experts and believe in what they predict.

[Kelward]

Not only you, almost everyone believe we will see a bull season after few months dips, just take a look with the past histories.

The analyst said that Bitcoin is currently trading in a tight range and could rise to around $70,000 to $72,000 if it breaks through the $63,000 level.

I mean, 10% rise is small if we talk about Bitcoin, there's nothing surprise if Bitcoin will reach $72K, that's just a normal thing.

All eyes are now on the key data released by the United States next week that will determine the fate of Bitcoin and the cryptocurrency market.

No, the fate of Bitcoin didn't controlled by United States, there's no correlation at all. Even United States completely ban Bitcoin, there are still hundred countries accepting Bitcoin.

I believe that this dip will soon give way to a price surge that will usher us into the bull run proper, Bitcoin price as of now is over $68k, and I believe that it's only a matter of time and we'll see it's price to reach and pass the last ATH. My speculation is that we will see a $100k price this year, then in the peak we'll see over $150k ATH.

It is true that Bitcoin has gone beyond the control of the US, their input in cryptocurrency can not be denied, but as of today, Bitcoin adoption has increased that many people from other countries are now keying into it massively.

[Lantind]

If we take the time to learn everything about bitcoin, we will see that it is only a matter of time before bitcoin price increases and we can also be our own experts without having to listen to anyone's predictions. Furthermore, if we spend time understanding the market, we will know that this market has no experts, only cycles and investor psychology. But the sad thing is that most people don't take the time to learn everything, they just like to go to self-proclaimed experts and believe in what they predict.

Learning about Bitcoin is very important to be able to make the right decisions when investing, because when we have a good understanding of investment, of course we will be able to do our own analysis and not just listen to other people's predictions, but if they don't take their time to learn about Bitcoin and only listening to other people's predictions, then when we follow other people's advice and it fails, I think this will be very painful because we have entrusted the investments we make to other people, even though we already know that almost no one can predict correctly.