This week was supposed to be crazy due to the FOMC announcements, but honestly, I didn’t see much action. It feels like we won’t see the real impact for a few days. I’m thinking we’ll bounce off 113k before hitting 118k, but hey, the market could surprise us and jump straight to 118k without bothering with 113k.
Market Reactions This Week
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shard_2013Full Member
Posts: 634 · Reputation: 287
#2Jan 21, 2023, 12:26 PM
I've mentioned this before about the rate cuts impacting prices. It’s like we see an immediate drop during the cut, but then it tends to climb back up. If Bitcoin rises more, just remember it’s probably not just about the rate cuts. Those effects fade pretty quickly.
Volatility? We should be used to it by now. I mean, yeah, it might not have pumped as much as we hoped from 113k to 118k, but let’s not forget we’re headed into a new week where anything can happen. I still believe we could break through 20k resistance soon.
farm_vaultFull Member
Posts: 14 · Reputation: 763
#4Jan 21, 2023, 08:46 PM
Right? with Bitcoin, volatility is just part of the game. Newbies shouldn’t stress about trying to catch the perfect dip before buying. Waiting for that ‘ideal’ price can lead to missed opportunities. Just get in with what you can.
I don’t get why everyone's so hyped about this rate cut like it’s gonna change everything. We’ve had cuts before. Sure, they might give investors more cash to play with, but that’s a slow burn, not an instant explosion.
Volatile week? The market only moved between 114.5k and 118k. Really? That's considered volatile now? Kinda laughable if you ask me. The FOMC cut was expected, so no shock there. If there’s no big news coming soon, I see us just drifting until October.
I’m chilling with this market. Just bought more satoshis. Stop worrying about the price swings and start accumulating Bitcoin. Even if it dips back to 113k, I see that as an opportunity, not a setback.
If Bitcoin rises, we all know altcoins will follow suit. I’ve been waiting for this moment, and I hope to see my altcoin portfolio take off. I can’t wait for that bullish trend and to cash in on my investments.
FOMC was already factored in. Traders knew about the rate cuts ahead of time, so the market’s been pretty tame. I wouldn't be surprised if we hit 113k due to liquidations happening.
The market isn’t just looking at immediate gains from the rate cuts. Investors are curious about future cuts and what the Fed's next moves will be. Powell’s comments after the meeting are way more key than the cut itself.
I think you’re missing the point here. The OP is speculating based on economic trends, which isn’t a bad thing. Newbies get drawn into Bitcoin’s price swings, and it takes time to learn how to manage that.
Entering the new week, I really think we might hit 118k again soon. The price is moving up to 115k, so it’s not far off. Some investors were hoping for a dip to 100k, but that hasn’t happened, which is stressing them out.
Getting below 100k seems tough right now with all the bullish sentiment and adoption. Analysts are even suggesting Bitcoin might hit 130k before the year’s end, especially if we break back over 115k.
5wifttokenNewbie
Posts: 34 · Reputation: 7
#14Jan 26, 2023, 07:03 AM
Totally agree. Hitting 100k is getting trickier, especially with how hard it’s been to even break 110k lately. Traders are placing buy orders below that, so we might jump back up quickly after a drop.
Many are speculating that if Bitcoin drops significantly, altcoins might surge, leading to another alt season. But that’s a hard prediction given the ongoing institutional interest in Bitcoin.
jake.minerNewbie
Posts: 67 · Reputation: 18
#16Jan 26, 2023, 11:43 AM
Bitcoin is just unpredictable. Any negative news could drop it below 100k in no time. Remember when we thought we’d hit 120k but got hit with that tariff news? Anything can flip the script.
I feel like we’re trending towards a million soon. I don’t even look at specific prices anymore; it’s all about the percentages now. Ask me the price, and I’ll say it’s fluctuating by double-digit percentages.
Looking at the liquidity heatmap, it’s totally possible for big whales to target liquidations. We might see a drop down to 113k before bouncing back, especially in these last few months of Q3.
Maybe we’re still in a bull run? Despite recent dips, I think the overall sentiment is still bullish. We’re definitely hunting for an all-time high. I’m holding out for at least 130k or 150k before any bear trend.
I don’t believe we’ll hit 113k right now, even if we’re hovering above 115k. A rebound back to 118k seems likely, but the market's been pretty stagnant. Volatility is a given, but things could change dramatically by next month.