They think Bitcoin is boring now, uh? That’s its biggest flexibity

[CryptopreneurBrainboss]

My Question to the veterans here:
Do you think this sideways action is shaking out impatient and overleveraged traders before a possible bullish breakout?

The current happenings to the market (price of Bitcoin) is a necessity as it filters the weak investors out of the market  and rewards only the strong hands. What's currently happening isn't new and I don't see it stopping anytime soon as we'll always have times when the market will be on corrections phases like this that's why instead of the constant complains, we're to take full advantage of the situation and do what's ideal in this case (accumulate Bitcoin). There isn't any boring time with Bitcoin, when you think the market is boring that's the perfect time to take a break from all the noises (price appreciation) and focus on the technology behind the Bitcoin Blockchain to see what's going on in the background to understand everything you need to know about Bitcoin and not only the price movement.

[Dunamisx]

No matter the depth of what is happening around the world, bitcoin will always remain unaffected by the economic circumstances, because the network does not rely on this for its performance, bitcoin market price only depends on its demand and supply as people are found buying and selling, we cannot doubt for a sudden reaction sometimes but all that happens will only cause a short time influence over the market to be at and not the main determinants to how we see the reason and falling of Bitcoin price.

[aoluain]

My Question to the veterans here:
Do you think this sideways action is shaking out impatient and overleveraged traders before a possible bullish breakout?

The current happenings to the market (price of Bitcoin) is a necessity as it filters the weak investors out of the market  and rewards only the strong hands. What's currently happening isn't new and I don't see it stopping anytime soon as we'll always have times when the market will be on corrections phases like this that's why instead of the constant complains, we're to take full advantage of the situation and do what's ideal in this case (accumulate Bitcoin). There isn't any boring time with Bitcoin, when you think the market is boring that's the perfect time to take a break from all the noises (price appreciation) and focus on the technology behind the Bitcoin Blockchain to see what's going on in the background to understand everything you need to know about Bitcoin and not only the price movement.

And there was me thinking that all the weak hands had already been flushed out. I just dont
understand the thinking...if someone has HODL'ed from an ATH for example and watched the
market slide 50%, why sell then, anyway everyone reacts in different ways.

So yea I think there will always be over leveraged liquidations and happenings like Coldcard
and Trezor/ShipMonk will create ripples in the sideways movement of the market which will
create panic and FUD.

[SeriouslyGiveaway]

And there was me thinking that all the weak hands had already been flushed out. I just dont
understand the thinking...if someone has HODL'ed from an ATH for example and watched the
market slide 50%, why sell then, anyway everyone reacts in different ways.

With inexperienced people, it's easily to hold their bitcoin for a long time from prices around all time high to bear market with many crashes, bounces and recoveries before they are no longer be able to stay strong, and control their emotion, consequently sell their bitcoin around bottom price range. It's very common mistake from newbies in this market, and among people who don't actually have weak hands but just failed to control their emotion and actions after many bearish months.

With people who sell their bitcoins nearly bottom price range or in that bottom range, they don't actually have weak hands, just they have their own limits and can not hold their bitcoin longer even they are very nearly to the end of bear market, and to harvest their investment result with a coming market cycle.

[ZAINmalik75]

No matter the depth of what is happening around the world, bitcoin will always remain unaffected by the economic circumstances, because the network does not rely on this for its performance, bitcoin market price only depends on its demand and supply as people are found buying and selling, we cannot doubt for a sudden reaction sometimes but all that happens will only cause a short time influence over the market to be at and not the main determinants to how we see the reason and falling of Bitcoin price.

Geopolitical concerns can sometimes affect the market, especially if those concerns or problems are within regions where cryptocurrencies are adopted at large, which means that the problems happening in the region will either make people buy or sell cryptocurrencies for various reasons, such as to stay safe from devaluation of their own currency, to save their assets from losing value if it's invested in things such as real estate because if there is war or something, real estate within that reason will lose value and investors will try their best to shift their investments into other industries.

However, we are discussing about the stability of Bitcoin and cryptocurrencies, which is a normal thing if you ask me, because we can't expect the market to keep moving with the same pace all the time. Sometime there will be quick drops, sometimes quick gains, but sometimes, there will be times when the market won't move that much, it will go sideways, and this mostly happens when a bull run is over and the bear market is around the corner.

[SquirrelJulietGarden]

Geopolitical concerns can sometimes affect the market, especially if those concerns or problems are within regions where cryptocurrencies are adopted at large, which means that the problems happening in the region will either make people buy or sell cryptocurrencies for various reasons, such as to stay safe from devaluation of their own currency

Geopolitical issues can change many things in many countries globally from politics, economy and related regulations that all affect people both nationally and globally. It can affect economy, fiat currency purchasing power, quality of life, and can trigger needs of people to find safe heavens. During chaotic times, gold is one of the most favorite safe-heaven assets, and Bitcoin is going to grow up more with time and become another safe-heaven asset alternative for people.

However, we are discussing about the stability of Bitcoin and cryptocurrencies, which is a normal thing if you ask me, because we can't expect the market to keep moving with the same pace all the time.

Bitcoin market is still volatile and it has still stayed behind gold during chaotic times and turmoils but time flies and it will help Bitcoin to become stronger, have bigger market cap, less volatile. It's only time when Bitcoin will become one of most favorite choices for people when there are wars, military conflicts, trade wars and so on.

[jcojci]

This sideways action is shaking out impatient and overleveraged traders so those who can't stand out for more are gone. They will regret leaving the market without buying anything or prepare for the next bullish market comes.

But those who can stand out and accumulating more Bitcoin will have the benefit after this market change better. They will see the profit comes to them and bigger than before because they can prepare themselves by having more Bitcoin than before. I called this as a strategy to prepare our future and only those who can survive that will enjoy the profit.

[BlackHatCoiner]

Do you think this sideways action is shaking out impatient and overleveraged traders before a possible bullish breakout?

This is what always have happened, and what everyone keeps forgetting.

This sideways chop is specifically designed to violently separate the impatient from the orange-pilled. Let Blackrock quietly sweep up the supply while the TikTok traders get bored and sell to go chase memecoins.

It's all about delayed gratification. Relevant thread: 2014, 2018, 2022, 2026.

[Findingnemo]

There will always be panic sellers who buy high and sell low and worse thing is they keep doing it more than once. Any investment should feel boring to bring the real results that is why long term investors make the real profits despite doing nothing but just holding their nerves while everyone panic and starts saying bitcoin is going to zero.

[iBaba]

~~~

Sideways markets can definitely test peoples patience, but still I would not automatically assume that a breakout is coming. Sometimes bitcoin simply needs time to find its next direction.
I have been through periods where the price looked boring for weeks and everyone started questioning the market, not only for sentiment to change very quickly afterwards. At the same time, I try not to let that short term predictions influence my whole strategy.

Honestly if someone is accumulating the long term a few months of sideways movement should not change everything. The important thing is to avoid leverage, manage risk and not let market noise force emotional decisions. so sometimes doing nothing is also part of the strategy.

[Call_Me_Guru]

I think there is no doubt that in the 60k area we are seeing a lot of buying support. Bears broke through a couple of times and even achieved some lower lows, but only by a few %.

True, Bears could only try, they didn't succeed. It was a hell of a fight near 60k, the resulting effect are diehard buy pending orders that kept accumulating. I doubt how Bears could overcome that, the very reason BTC rebounded sharply when we think it edges lower. I love that market, the "support" base is nothing like anything.

But despite the quite static floor, we don't see an upward movement yet. For me, the reason is due to the popularity of the "4 year cycle theory", which would predict another lower low in late 2026.

On a whole, however, I think if there is such a final capitulation crash, it's likely it could be much lighter than many expect (if there is no Black swan like a massive hack, AI bubble burst etc., of course). Because I think people could get impatient and begin to buy earlier to frontrun the "bottom buyers", and by that logic the bottom should move to an earlier point in time in each cycle. If we compare 2017's top (December) with 2021's (November) and 2025's (October), such a movement has already ocurred at the ATHs, albeit in a very light way. It has to be seen if the bottoms begin to move, too. A quick lock to the charts showed that this indeed could be the case, because in 2014/15 the bottom was in January, in 2018 it occurred in mid-December, while in 2022 it was in late November

That is accurate, but don't forget that more factors could activate the growth. The 4-years cycle is a fact, but let's not forget that things are also changing. The eye Bitcoin was looked is not the same now. It will will fight the regular mindset one day, now could be it, the sell-pressure will not push crazily lower and the stuck range will not last forever. For me, the bear has done their worst this phase, but BTC's never gonna get to $50,000, that alone is commendable restriction that shows BTC's resilience. Any huge news from the US can be helpful, a catalyst that can activate the sleeping bulls in long-term. I am happy to have posted https://bitcointalk.org/index.php?topic=5591857.msg67063535#msg67063535 before reading your post. The US systemic double QE will help. The catalyst is back, let's enjoy it while it lasts.

[Nothingtodo]

There is nothing to be done here. Because the entry party in Bitcoin always comments on the opposite of Bitcoin, that is, Bitcoin is always a trivial matter for them. Their triviality has now taken Bitcoin to another level. The more people criticize Bitcoin, the more Bitcoin's popularity will increase.
Many of us have noticed this year that due to the closure of the Strait of Hormuz due to the war between Israel and Iran, there was a massive oil crisis in the Middle East and we saw a massive negative impact on the Bitcoin market. But even from that negative impact, Bitcoin has started to recover slowly, so this is something positive for Bitcoin. That is, Bitcoin has survived even in the face of so many hostile conditions in 2026, which is the biggest achievement for Bitcoin.

[OcTradism]

This is what always have happened, and what everyone keeps forgetting.

This sideways chop is specifically designed to violently separate the impatient from the orange-pilled. Let Blackrock quietly sweep up the supply while the TikTok traders get bored and sell to go chase memecoins.

It's all about delayed gratification. Relevant thread: 2014, 2018, 2022, 2026.

When people are tired, get bored, the market will suddenly wake them up with a surge, and if it is a right time, it will be a never bottom-return recovery from a market bottom area. Then people will need a little bit time like weeks, not immediately, to realize that Bitcoin already moved far away from its bottom area of that cycle.

That's it, that's how Bitcoin market works, cycle by cycle, and that's how the market is unpredictable with people who want to find perfect prices and times.

This surge hours ago, again, reminds people who are still struggling with their emotion and psychology in this market. So it's time to read, reread and learn again about these things.

Assuming that people already understand about Bitcoin fundamentals, next things they need to learn are not trading and technical analysis, but market psychological cycle and market history patterns.
Wall Street cheatsheet: the psychology of market cycles.
The psychological pitfalls of market cycle.

[taufik123]

My Question to the veterans here:
Do you think this sideways action is shaking out impatient and overleveraged traders before a possible bullish breakout?

And now that flat price is a Bullish call that weeds out those who went short on Bitcoin.
Bitcoin was able to break through the $70k price and this is a pretty strong increase and this continues until it reaches the Bullish Resis and Bullish Target.
Those who still hold on and buy more, get profits and the Portfolio Value is going up and green.

[Dareo]

But now the situation seems a little different than before. Bitcoin has risen above $70K again and is near $72.5K, so it seems like an attempt is underway to break out of the previous range, If ETF flow and institutional buying support this move, then it is difficult to dismiss it as just a minor pump. However it still needs some time, because if it goes above $70K and then falls back down quickly, the whole move could be a false breakout.  If it can hold this level for a few days, then it will be much more reasonable to talk about a bullish reversal.

[HelliumZ]

But now the situation seems a little different than before. Bitcoin has risen above $70K again and is near $72.5K, so it seems like an attempt is underway to break out of the previous range, If ETF flow and institutional buying support this move, then it is difficult to dismiss it as just a minor pump. However it still needs some time, because if it goes above $70K and then falls back down quickly, the whole move could be a false breakout.  If it can hold this level for a few days, then it will be much more reasonable to talk about a bullish reversal.

Yes, you are right that if this rise in the Bitcoin market is temporary, the market will break down, and if this rise takes some time, the market will be long-lasting. However, in this case, Bitcoin ETFs and institutional purchases will have to support it. Experts have predicted that if the US Securities Exchange Commission acts according to their promises at the moment, then the market will definitely be long-lasting. If the announcement that has come about the passing of the Clarity Act bill at the moment is implemented, then the market will definitely be long-lasting.

[Maslate]

Weak hands will always be seen struggling in times of a bearish market, and those who stay leveraging will find the market boring and unpredictable. I think that's how they are as they never understand clearly what's happening in the market. They are not prepared to see a market going into sideways that's why they find it hard to process their emotions, instead they become more impatient and continue to take leverage, without thinking that the more they become impatient, the bigger chances they will lost their opportunities for future profits.

I think seeing bitcoin price starting to rise, they are already starting to regret as well. And realized that those who are patient will be highly rewarded while those  who turn as impatient will eventually have no place for bitcoin and the crypto market. Its just that emotions are hard to control especially when you are seeing the things happening in the market are exactly the things you don't want to see.

[tabas]

My Question to the veterans here:
Do you think this sideways action is shaking out impatient and overleveraged traders before a possible bullish breakout?

What you've asked a week ago appeared its results just today. The impatient and shorts have been liquidated by the sudden pump of bitcoin. But it doesn't mean that this is already the sign that we've ended the bear market. Not so quick and this shows that we can't really time Bitcoin, the unpredictable move that it always shows gives the assurance that no one can give that exact thought of where it is heading unless it's about long term motion.

[Stalker22]

~

Yeah.  These people are generally very short term.  When the market sideways or dump, those people will go in panic because they want immediate big green candles, and double down on it with huge leverage hoping for a quick win so solve their problem.

It is tough to watch, however, this game requires patience not greed, or the market will take your money for you as it did for millions of traders before.

[lionheart78]

And now that flat price is a Bullish call that weeds out those who went short on Bitcoin.

Yeah, I read billions of $ who are in short position were liquidated.  It hurts when the market does not go with what we intended.  Not aligning with the market movement equals losses due to liquidation.

Bitcoin was able to break through the $70k price and this is a pretty strong increase and this continues until it reaches the Bullish Resis and Bullish Target.
Those who still hold on and buy more, get profits and the Portfolio Value is going up and green.

Those who know how the Bitcoin market moves should be holding and accumulating. We have seen how this market trend will continue, there will be another ATH if history repeats itself.