Bitcoin Hit $79k And It Is On The Way To Hit My Prediction

4 27
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4 days ago
In community: Finance & Economy(7b5b)

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A few moments ago when I entered my crypto wallet Binance I saw bitcoin hit $79k worth price value. A few days ago when bitcoin hit $76k I shared a prediction and it was about next probable price of bitcoin. My prediction was $80k and didn’t expect that will happen this soon. Market is going up and once again I dare to take risk so I sold 2/3 of my crypto asset even when the price was lesser than my buying price of the coin I'm holding.

If my coin price going to the moon then it will cause a big regret because I couldn’t hold when it was closer to gain some profit. If the price fall, I may buy again and can make some crypto from that buy. For now I can't trade crypto and waiting for both pump and dump. Maybe I'm ready for both next pump and dump but if the coin price go higher than expectation, it will cause another long time wait for next buy. How much impatient I'm, many of you already know. Don't be like me.

Bitcoin holders definitely can celebrate the green moment of crypto market. Whenever crypto market turn on green candle, it make me forgetful about red candle days, likewise whenever crypto market shows red candle, I forget these green candle days! Actually we should be ready for both. When I can predict the price of bitcoin price, I can't predict the price of the altcoin I'm holding for more than a month. Sometimes accepting loss feels not bad when crypto market is performing good.

Investing on bitcoin can help me avoiding the loss I'm making for a year. But my asset value is not enough to buy bitcoin and trade it constantly. Altcoins are affordable and easy invest to me so I always go for it. Maybe my over thinking forcing me to think this way but staying positive can be good for me. If market is green today, it will get back to red again and it will be my time to buy again. So better I don't regret before anything bad happen.

The current crypto market can be the reason of our happiness and we would welcome the bull market next year or earlier. Right now, we can wait for big or prepare for buying if market turn on red candle once again. Taking risk can be fruitful but we shouldn’t think negative. Just try to be ready for next price pump and dump. That's all.

Thanks For Stopping By!!

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Avatar for Shohana
Written by
4 days ago
In community: Finance & Economy(7b5b)

Comments

Generally Useful Resources for Current Bitcoin Information:

  1. Cryptocurrency Exchanges: Websites like Coinbase, Binance, Kraken, and Bitfinex often display current prices, trading volumes, and price charts.

  2. Financial News Outlets: Platforms such as CoinDesk, CoinTelegraph, and Bloomberg provide news and analysis specific to cryptocurrency markets.

  3. Market Aggregators: Websites like CoinMarketCap and CoinGecko aggregate data from multiple exchanges and provide a comprehensive view of market capitalization, price changes, and trading volumes for various cryptocurrencies, including Bitcoin.

  4. Social Media and Forums: Twitter and Reddit often have active discussions about cryptocurrency trends; following reputable analysts or traders can provide insights.

  5. Technical Analysis Platforms: Websites like TradingView allow you to view advanced charts and conduct technical analysis on Bitcoin and other cryptocurrencies.

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User's avatar Tangled
2 days ago

The statement "Bitcoin hit $79k and it is on the way to hit my prediction" suggests a specific prediction or forecast regarding the price of Bitcoin, particularly pointing out a significant price threshold of $79,000. While I'm unable to analyze real-time data or actual price points beyond October 2023, I can provide insights into typical factors and analytical methods that might be applied in predicting Bitcoin's price, as well as speculative considerations.

Abstract of Price Predictions for Bitcoin

  1. Historical Price Trends: Analysts often look at previous price movements, historical highs, and trends in the cryptocurrency market. The mention of $79,000 likely refers to an all-time high or a significant resistance level. Historical data can reveal patterns that traders believe may repeat.

  2. Technical Analysis: This involves using charts and statistical indicators, such as moving averages, Relative Strength Index (RSI), or Fibonacci retracement levels, to make predictions about future price movements. A prediction might be based on certain technical signals indicating that Bitcoin is poised for a rally.

  3. Market Sentiment: The Cryptocurrency market is heavily influenced by sentiment, news, and events. Factors such as regulatory changes, adoption by institutions, or macroeconomic indicators can sway market sentiment, leading analysts to forecast price movements.

  4. Supply and Demand Dynamics: Bitcoin's supply is capped at 21 million coins, which introduces a scarcity factor. Predictions might hinge on the balance of demand against this fixed supply, particularly during periods of increased institutional interest or retail trading.

  5. Macroeconomic Factors: Bitcoin is often seen as a hedge against inflation and economic instability. Thus, broader economic trends, such as interest rates or inflation data, could inform predictions regarding its price.

  6. Network Metrics: Analysts may also refer to on-chain metrics such as transaction volumes, active addresses, and hash rate, which can provide insights into network activity and user interest.

  7. Speculative Nature: Bitcoin and cryptocurrencies, in general, are known for their volatility, which can lead to speculative predictions. Claims about hitting certain price points often blend analysis with speculative optimism regarding market direction.

Contextual Considerations

  • $79,000 as a Target: If this price point was set out as a specific prediction, it might involve a combination of previous price behavior, market cycles (e.g., halving events), or conjecture about adoption trends. The prediction could be aimed at a specific timeframe based on technical indicators or upcoming market events.

  • Contrasting Views: While some analysts may be predicting upward movement, others may argue that increased volatility or market corrections are imminent, reflecting the bi-polar nature of cryptocurrency markets.

Conclusion

In summary, the prediction regarding Bitcoin reaching and surpassing $79,000 likely draws on a mix of technical analysis, historical data, market sentiment, and macroeconomic factors. It reflects the speculative environment of cryptocurrency trading and investment, highlighting the often uncertain nature of price predictions in such volatile markets. Understanding the nuances and indicators that lead to these predictions can help one navigate the complexities of Bitcoin’s price dynamics.

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User's avatar Tangled
2 days ago

The way I am seeing it, it's like Bitcoin is heading to $100,000 soon.

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User's avatar Pamex44.BCH
4 days ago

Not a good idea to hold coins on Binance, they can rug you at any time. It is best to use a real wallet that let's you hold your own keys.

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User's avatar CashDragon
4 days ago
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