- Mar 14, 2023
- 979
- 198
There are negative rumors and announcements that can create anxiety in the community and lead to sell-offs.
Why is BTC price decreasing now?
- Thread starter awesomewebsites
- Start date
HustleTong
Elite Member
- May 30, 2019
- 13,466
- 10,660
Correction is inevitable. There's a lot of fomo around ETF.
Chris Newman
BANNED
- Oct 13, 2018
- 6,868
- 6,032
Hi, @awesomewebsites : I wish you a happy 2024 (sincerely).
https://www.blackhatworld.com/seo/does-anyone-else-think-2024-will-be-their-best-year-yet.1562078/#post-17206407
Then, on 12th Jan 2024 itself, we saw BTC dip down by around 10% (from US$ 46515 down to US$ 41500).
The panic had led short-term holders to withdraw and sell over $5 billion worth of BTC on exchanges. Now, pay attention. 80% ($4 billion) of these sales were at a loss.
After that, Blackrock announed that they are buying Bitcoin.
Blackrock is not stupid. They may buy a little bit now, just to get the retail crowd to FOMO in.
This is exactly the situation I was talking about. Despite positive market indicators, BTC is falling. This is happening because strong hands are pushing weak ones out of the market and building their own positions. And when this "redistribution" is complete, the growth will continue once again from there.
My stand is still that BTC will dip down to around US$ 25000 prior to the next Bitcoin halving.
I am opening buy positions for my favourite altcoins, at 30% below their current prices.
https://www.blackhatworld.com/seo/does-anyone-else-think-2024-will-be-their-best-year-yet.1562078/#post-17206407
Then, on 12th Jan 2024 itself, we saw BTC dip down by around 10% (from US$ 46515 down to US$ 41500).
The panic had led short-term holders to withdraw and sell over $5 billion worth of BTC on exchanges. Now, pay attention. 80% ($4 billion) of these sales were at a loss.
After that, Blackrock announed that they are buying Bitcoin.
Blackrock is not stupid. They may buy a little bit now, just to get the retail crowd to FOMO in.
This is exactly the situation I was talking about. Despite positive market indicators, BTC is falling. This is happening because strong hands are pushing weak ones out of the market and building their own positions. And when this "redistribution" is complete, the growth will continue once again from there.
My stand is still that BTC will dip down to around US$ 25000 prior to the next Bitcoin halving.
I am opening buy positions for my favourite altcoins, at 30% below their current prices.
wpbacklinks
Elite Member
- Mar 27, 2010
- 3,762
- 1,499
What are your favorite altcoins?
DavidG1510
Banned - Multiple Rules Violations
- Jun 28, 2023
- 1,459
- 637
When everyone expect something to happen that means the market will go down.
With Bitcoin people need to be patient.
With Bitcoin people need to be patient.
Chris Newman
BANNED
- Oct 13, 2018
- 6,868
- 6,032
The altcoins I am targeting to buy when BTC will very soon dip down to around US$ 37400, are :-
ENS, APT, SEO, ARB, UNI, OP and some more ...
Look at the https://www.coinglass.com/pro/futures/LiquidationHeatMap : Change period to 1 month and there is a nice chunky liquidation to happen at around US$ 40123 down to US$ 39276.
That may be the final dump before the next BTC halving or perhaps we may see a bit of an up move after the dump to around US$ 37400 and then one more final dump after that to US$ 25000 .... Let us see ... (However, the next dump down to US$ 37400 is for sure (will happen very very soon).
So, when BTC dumps to US$ 37400, I will buy some of ENS, APT, SEO, ARB, UNI, OP
If there is a dump after that of BTC to around US$ 25000, I will again buy some of ENS, APT, SEO, ARB, UNI, OP
Either ways, after Bitcoin halving, BTC rally upside would start within a month after Bitcoin halving and we will then see BTC cross US$100,000 this year.
- Jun 7, 2023
- 486
- 255
because ETF of BTC made it avaliabel for GBTC to liquidify assets.
this is connected to grayscale. search those on google and you will understand why.
other perspective is
halving is coming soon
need to calm down RSI for another bull Trend
this is connected to grayscale. search those on google and you will understand why.
other perspective is
halving is coming soon
need to calm down RSI for another bull Trend
- Jun 7, 2023
- 486
- 255
True
- Mar 2, 2021
- 4,092
- 1,208
dinsuha0007
Junior Member
- Nov 10, 2023
- 105
- 28
New predictions say dropping big amounts of BTC , and other coins as well soon 23-44% many BTC country ban , some of the BTC company owners escaped....
dinsuha0007
Junior Member
- Nov 10, 2023
- 105
- 28
5G in Europe gonna face big slow down comparing to middle east gonna over come the best rest few years. Due to some wwwar issues lot of losses facing European union ,USA. Russia gonna win most of the business. Aii technology gonna come soon it's will human less technology many of them gonna lose Thier jobs and very hard to used bot methods , it will stop various short cut methods gonna stop soon.
Chris Newman
BANNED
- Oct 13, 2018
- 6,868
- 6,032
My random guess is after BTC ETFs, talks about ETH ETFs, it will next be perhaps SOL (Solana) ETFs in the US, perhaps in Jan 2024 and that could see SOL going up to US$ 750 in 2025. So, do not miss buying SOL right now. Buy 1/3rd at current price of US$ 96, 1/3rd at US$ 90 and 1/3rd at US$ 87 (buy in the upcoming dips) and then hold SOL long term. Even without SOL (Solana) ETFs, SOL will anyways see a good upwards rally after Bitcoin halving.