Wild week in crypto

So this week was supposed to be a rollercoaster because of the FOMC, but honestly, it wasn't as wild as I thought it would be. With the way the market's moving, I think it's gonna take a few more days for the news to really hit. I'm thinking we might dip to 113k before climbing to 118k. But hey, the market might just surprise me and jump straight to 118k without hitting 113k first. What do you guys think about how things are looking right now?

I have posted before on two threads about the interest rate cut, that its obvious effect will be for a short time. The price of bitcoin fall at the time of the cut but it the price later increased more and everything about the rate cut died down. If you see bitcoin increase in price more, know that it is not because of the rate cut but because of another thing entirely. Rate cut sentiment was mild and no sentiment about it again for now.

The market has always been volatile before now, when we talk about volatility, its something that we should have been used to already before now, but coming to the aspect of performance, maybe you expected that it should pump more better than the $118,000 it got to from this week $113,000 it started from, which we cant say about the coming week, since we are already on weekends, the market may rise more better the new week we are going to and i want to believe it will soon break the resistance of $20,000 after the recent fall earlier this month.

As long as bitcoin is concern volatility is no longer a new language. There is no one who can predict the market correctly and such as a newbie I think it would be more advisable you forget the idea of waiting for bitcoin to dip to a particular price before  you start accumulating. Trying to time the market will make you miss market opportunities and as such it won't be a nice idea to wait for something that you are not sure of. To me I believe there is no perfect dip so am not really moved by the market trends.

I don’t even understand the fuss about this rate cut that many people are looking towards it as a way for the market to actually starts a super bullish trend, it is not that we haven’t been having rates cuts before that I Will say this will be the first, yes I can deny the fact that the more rate are cuts the more investors actually get more money to invest into volatile assets like bitcoin but this is usually a gradual process most especially with the rate cut not that so high for now, I will say until the rate cuts happens again to make it more like 50bps cut off the market will actually slowly see the reaction or demand from investors. The volatility after FOMC meeting or even after CPI meeting is usually for short time and most likely it is chased by those traders most especially daily traders looking for short term profits or looking to close their positions before the short term volatility takes them out through liquidation. But for someone who holds spot I don’t see any reason to be worried because the change is most definitely not going to be for long term

Volatile week? The market moved from a range of around $114,500 to around $118,000 only. Do you consider that as volatile? Kind of funny. Anyways, the market didn't react that much after that FOMC because what many are expecting did happen - a 25 BPS rate cut. What will happen in the remaining days of this month will depend on what will be the news that's released. If there isn't any news that has a big impact towards the market, I expect that the market will move sideways before October. Speaking of rate cuts, I hope that we will stop talking about it momentarily, and just to add, there's a 92% chance that the FED will cut rates yet again on October during the next FOMC. My take on the current situation. Nothing. Just a boring market incoming until the end of the month, and if you're a trader, it's better to trade on altcoins than on Bitcoin itself.

Nothing. I calm down on this current market situation. I already bought some satoshi to have more. You should not think much about the market but buy more Bitcoin. That is the best thing you can do. No one will know when Bitcoin will rise and head to $118k or even higher. So rather than just watching and seeing the market, it is better for you to accumulate more Bitcoin. Even if the price goes down to $113k or lower, that will not be a problem because you have a chance to buy Bitcoin at a lower price. I hodl Bitcoin for the long term so this current situation is not a problem for me. Besides buying and hodling, I also traded Bitcoin to make a profit.

If the price of Bitcoin goes up I am sure altcoins will do the same and that will make the market to move very quickly.  I have been waiting for these days anticipating when it will come and glad to see people talking about it. I want to see my altcoins portfolio start going bullish so I can make money from them. I know many will be ready to drive the price of Bitcoin to another new all time high and from this good altcoins like BNB, Solana will join the movement.

FOMC already priced in, everybody know they gonna cut rate so thing aren't volatile because the buying has been happening even before the recent announcement. That's the thing, people nowadays speculate about FOMC so the effect of the announcement isn't as great as before. Probably gonna go to $113k at some point since liquidation is huge, don't know when though.

The market was expecting and excited about the rate cut not because they believed it would help the market grow rapidly afterward. What they were waiting for was that once the Fed decided to cut rates, it meant more rate cuts and QE would start soon. Like me, I don't expect much from the Fed cutting rates on the 17th because that is almost certain, but what I am interested in is Powell's remarks after the meeting. And everything was great when he hinted that there will be two more rate cuts and QT is in its final stages. High interest rates coupled with prolonged quantitative tightening have kept the economy stagnant and financial markets never had a real boom. So the Fed cutting rates is an extremely optimistic signal, so there's nothing wrong with people getting excited.

I think you are far from the direction of the OP. Perhaps he is just Speculating using feasible economy forces that can influence the market to do his analysis, so I don't think there is something wrong about him Speculating. You don't also expect newbies who was attracted to adopt Bitcoin to suddenly ignore the price as it fluctuates. It take some period of time for newbies to be experienced enough and control their emotions. So I will take the speculations of the OP as one of the Speculation threads we reads here in the speculation board.

Since we are just entering the new week, I think $118k is possible for investors to witness again in the market to earn income because the price has increased to $115k which is not far from $118k, it have been long some investors are waiting for this bearish season to happen for the price of bitcoin to decrease to $100k or below $100k before they can free themselves to buy bitcoin and hold, but the price is not coming till now, which is a big burden for those that saved funds to buy bitcoin in the low price, even though the low price is not coming in this month of September, it will definitely happen before the end of this year, for the price to decrease to $80k or $90k for majority of investors to approach the market to accumulate bitcoin as usual.

Prices below $100k are very difficult for bitcoin at the moment considering the trend is still continuing and also some adoption continues to increase along with the sentiment of the end of the cycle which is a very beautiful thing for bitcoin holders, not a few analysts project that bitcoin has a big chance to reach $130k minimum in this Q4 and it will soon become a reality after the price increases back to the $115k level this will be a very important basis for further increases.

You’re right. 10.K is a strong support now that will be hard to reach considering that even 110K is very hard to break during a strong down trend. Many traders has buy order on 110K or lower price that makes the price pump immediately after the dump on that price level. Although there’s no certainty on when will the price will break again the new ATH. But still it’s not collapsing hard so I believe too that we are just waiting for the next leg up instead of down.

Many think about that it will happen, but looking at the situation on which BTC still been gaining lots of attention on the mainstream I guess those below on those figures they have mentioned might hard to reached. There are lots of people think about if Bitcoin drop at that level it might be the time of other alts to pump then alt season may happen. But those assumptions is really hard to happen especially that we can always see those good developments that lots of institutions are buying Bitcoin so provably that more demands would come up on Bitcoin and it will help its price to rise up again.

Bitcoin is unpredictable, we should not be too subjective. Just one negative news and bitcoin could easily drop below $100k or even lower. Like 6 months ago when bitcoin price was at $109k and we were optimistic that price would soon reach $120k-130k before end of Q1. But Trump suddenly launched tariff war 2.0 and many still believe it won't affect bitcoin because we are in a bull year. But then what? Bitcoin price fell below $80k despite the bull market, despite companies pouring money into it. I'm not saying it will happen but anything is possible. Institutions, ETFs will not be able to stop bitcoin from being dumped or even participate in that trend if negative news hits the market.

It looks like the price is slowly closing down on $1 million. I don't even see a price anymore. All I see right now is percentages. When someone asks me "what's the current price of bitcoin?", I reply; "It is 11.56%." We'll be there in a decade.

If you look at the liquidity heatmap of long and short market participants, you'll find something very interesting. If whales want to liquidate the positions of many traders, it's very possible, and we have a chance of a drop to $113,000. This is the most likely probability, if we're talking about Bitcoin's price. After that, we'll see a very interesting rebound. A reversal could happen beautifully in the last three months of Q3.

Or we are still in the bull run, that's why many of us are expecting that the price will continue to rise, despite what we are seeing in the last couple of weeks or days wherein there was a positive news that pushes the price to $17,500 only go down again. But the thing is that the market sentiments remains bullish. Which means that we are still in the hunt for a all time high. Maybe a final for this version of the bull cycle. I'm still optimistic that we can achieved at least $130k-$150k before the bear takes over.

I believe it won't head towards $113,000, even though Bitcoin is currently hovering above $115,000. A rebound back towards $118,000 is still quite possible, although there are currently no signs of this happening, as market conditions remain stagnant for Bitcoin. However, volatility will clearly never disappear from the market, and Bitcoin's price always fluctuates due to daily changes in supply and demand. Apart from that, I still think that in the next month the market conditions will be very different from now because at the end of September it should be an opportunity for those who have a lot of money to enter the market.