The leveraged traders cause the wide swings and going forward the swings will be wider given the nominal prices of BTC will be larger. I'm glad I'm asleep during a lot of these crazy whipsaws, $ 64,539 (3:20) am to $ 68,350 ( now ). 
Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
In addition to margin, volatitlity increases on weekends since there is less volume. Also there is probably price manipulaton going on. A lot of the prices are being driven down on purpose. Primariily so that it can be bought at a cheaper price.
I didn't start following Bitcoin until about the last six months of the previous bull run, and i put in some of my extra cash in Bybit/Kraken exchanges and with all my financial markets knowledge I tried my hand at leverage/day trading. Like all novice daytraders, I got blown out of the market trying to outsmart the market and Mister Algo AI trader. I don't think you can consistently beat Mister Algo since he's programmed every single market variable. Moral of the story, just think like the Algo and take less profits on his swing trades. It's still fun to watch Bitcoin rally when you're long and a fast market is happening. 
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This is not financial advice, I am not a Financial Adviser, just a coin I have a small position in and when I first took notice of it around the FTX fallout , a few TERB members told me flat out that I'm on drugs ( WTF was that ? ). Many legit analysts/ TA's calling for a $ 625 to 1,000 price target by bull end, I'm guessing mid 2025 area. I think this time last year it was still affordable in the low $ 20's. Everyone on this thread is bullish on certain coins that they fall in love with, can't we just root for all of us to make some coin ?
). Many legit analysts/ TA's calling for a $ 625 to 1,000 price target by bull end, I'm guessing mid 2025 area. I think this time last year it was still affordable in the low $ 20's. Everyone on this thread is bullish on certain coins that they fall in love with, can't we just root for all of us to make some coin ?Attachments
panic much ? perspective ...even with yesterday's drop, we were still 65k
alts went down double digits but honestly they just formed higher lows
On the way down BTC crashed through every recent new support mark, note $ 67,433 where it's lingering and the bears and bulls having their tug of war right at this mark in the day. Usually if it doesn't blast thru and trade higher, the bears take BTC down for another leg. Enough dip buying to help it blast thru ?
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They don't publish the numbers till the next day, but I'm guessing the Black Rocks and Fidelity's doing the buying after their sales guys pitching BTC sales prices. I saw $ 66,600 swing low .
Bitcoin has been stuck in the 60s for a long time now. Hopefully it will break out soon and move onto the 80's and beyond.
I went to go make a cup of coffee and by the time I finished BTC dropped $ 750
Since after 1pm, every time BTC tried to approach the $ 67,300 area it got knocked back down. If I was a dumb novice day trader like 3.5 years ago, I would of been
shaken out of my position 6 or 7 times just in those few hours and lost my bankroll.
Tomorrow is a big day for stocks and crypto. The Fed will make an announcent on rates. I suspect Biden has told Powell to start cutting in June, and if Powell complies and signals a dovish path, then you can expect stocks and crypto to soar. Probably recover all that was lost since the hot cpi report. So, looking at 75,000 by the end of the week.
i don't think so... we'll probably chop around or go down more
it's an accumulation stage now so time to load up on before the next run
Bitcoin Price At Risk of More Downsides Before Fresh Increase To $70K
Bitcoin price struggled to recover above the $68,800 resistance. BTC is now moving lower and there is a risk of more downsides below the $65,000 support.Bitcoin Price Faces ResistanceBitcoin price attempted a fresh increase above the $65,500 zone. BTC climbed above the $67,200 and $68,000 levels. H…
www.tradingview.com
I am glad I got out at 69k+ . Too much stress. I have no idea where it is heading
Peter Schiff just said a huge crash is coming. No one knows. Despite the etf money coming in, bitcoin seems to be faltering
still scared ? lol keep buying ...dips are a blessing
tbh these prices are not attractive as i got early
and think about it...we are at 63k!! lol
