Bitcoin Forum

Do you think we've seen the worst of this dip for now?
Bitfinex cryptowatch shows the lowest deal on BTC for this time was 9,231$ which was just about a Fibonacci retracement (almost on point). I am not using TA normally, but I am considering it when thinking about the market. For now, it looks like the worst is over. This dip might be a healthy thing for the market, and CAN be the catalyst for another run-up.
What is your take on the situation?

It kinda seems that the dip is over... Most people now will start panic buying after seeing those 24h +20% gains... The market will rise again and all these FUD posts will finally have an end without bitcoin reaching the kind of prices they said aka 5k$ lol

Well,historically it was predicted this dip was going to occur and now i think it is over,we are seeing green now and so investor confidence will be on the rise and panic buys follow and market is back to its bullish ride.This is the best time to buy.

yes sincerely I think we have to touch the bottom, and that now we will aim for summits!

I think the deep is already over and no more crypto bloodbath as my portfolio is now turning into green. Its is the best time now to accumulate and hoard more bitcoin and altcoins. After this dip, pump will be the next trend. More profit for those who bought during the dip.

I wont rejoice too soon that the dip is over because the same show of event happen sometimes last week or thereabout when the price rose from the $13000 region to go about $15,000 at that point everyone would think the coast is clear and static scenario has been broken finally but few days after that, we faced a massive dip in which no one could have imagined its going to happen.

Rather I would say we are gradually moving to the green position and this point is even a more fragile position because at this point if we face any crash in price, it will go below what it went yesterday which would even be more drastic. What is needed is a gradual increase in price to a point where we can conveniently say the dip is over.

I think we are slowly getting up from the ground. Its been fluctuating above $11,000, but I will still be cautious though, wait it out around 2-3 days before we can be for certain that the crash is over. Sometimes we all rejoice seeing that it is recovering, but we don't know what the sentiments of the market are. We want all the bears to wake up from their hibernation to kick another rally, but we really don't know if they will start to flock the market again. Just look at it at the bright side for now, we are seeing not only bitcoin but the whole crypto has started to gain some semblance of a rally. And if this continues in the next couple of days then we could all relax and breathed a sigh of relief.

Sure, we're definitely in the greener side as of now, but it doesn't mean it's going to continue to go up for weeks. Though it's a bit unlikely for the markets to crash more, we could possibly have another bull trap in a few days. For now just keep an eye out on the markets.

Conclusion: Is the dip over? No one knows.

FUD is not over yet and it might come again when end date for next future contract mid of February will come near. Many wall street bulls are opening position on future contracts against market to make maximum profit by end of the contract date just like they have made on yesterday's huge dump.

I will advice to sell some of your alts + btc when bitcoin will surge to near $15k.

We cannot say 100% with confidence that market is back to normal. Theres another fear that says that the next Bitcoin pump is just a cat bounce then another huge crash , where Bitcoin will back to $1000. I guess if BTC touches 7k this is the start of crypto apocalypse.

while btc has recovered a bit, it is hard to tell whether it's the end of the correction or not... stay safe by not buying the dips

it seems to be over and bitcoin price has been recovering nicely, just as it was expected.


the result of the dip may be good for the market only because it kicked a lot of the weak hand newbies out and they gained a lot of experience from their mistakes and they won't repeat it again.

but nothing about it was healthy! it was pure manipulation with a lot of FUD.

While the dip is over, you have to always stay ready for when it does happen again. Lots of investors lost a lot of money during the process and its best that you prepare yourself by selling some altcoins when the price is high, and always invest what you're not afraid to lose.

The dip is never over, but it has subsided for now.

I think the dip is mostly over. Bitcoin is recovering and so are the altcoins.

Seeing a clear uptrend already, went into more Monero on time  ;D

Short time trend is upwards but the danger is not over yet. The price may still go as low as 7500-8000. If the price passes over 13500 with high buying volume, we can say it is over.

That was supposed to be common since the price of bitcoin is very low now and almost all of the exchanges now are giving the price lower than we expected. What should we feel? It's either become sad because from $20,000 last December today it's only $9,000 whata big dump. Or it's either become happy because it is the eight time to buy back again for the better future. So, maybe we will go more deeper this coming last week of January well we need to be ready since btc market is like that.

As everyone knows, constant price growth does not happen. The current price correction in the market is a consequence of continued growth at the end of last year. Corrections are needed by the market. Without them there will be no growth.

I couldn't agree more with audaciousbeing. Everything she said is true, it is still too early to tell that we have surpassed the decline despite seeing the green marks. We can see improvements though which is a good sign, however we should see a consistent trend (despite the volatility) over time before we can confirm the dip is finally over. Maybe we can give it a few more days. Let's keep observing and hoping for the best. In the mean time, let's maximize the opportunity and do what's best of the situation.

Not by a long shot. This correction would go on unless some big whales or financial institutions once again pump the price. We may have seen that the price is on the positive side, but I'm still crossing my fingers and hope that in the succeeding days, everything is over and market will go on a bull run.


So today is critical, if we see the market test $12K today then it will be just a matter of time to get to $13K. But its too early to really call that everything is back to normal now. All we can do is just wait it out for a bit.

Guess many investors from the stockmarket realize now, that they missed the coin-market, so they do FUD, to get cheaper in.

Yeah wallstreet bulls and bankers are behind all the recent fud and some of the government officer are making bullshit announcements for whales so that they can easily make millions where newbie investors will loss all their savings.

Crypto Market is full of manipulaters.

I think the loss reached the last point. It's time to get up to reach what supposed to be our aim. go fight !!!

We should really be thankful on these kind of corrections because it do signifies a healthy market.Its much better than on those upward movement always on crypto which isn't really good at all. Now basing on technical analysis we can already presumed that we are already ready to take off some heights as of now. Green can be seen on the market even on upcoming months but yet no one really knows on what is the movement knowing its really an unpredictable thing.

Lucky you were if you have caught BTC at this price because you already in 25% profit. But I am still not too much sure that BTC has completely revived. If my TA isn't wrong I still see a great resistance near 12300 and there is no support point back until where you are saying thats 9,300. So I am not saying it will be that huge of a correction. But BTC might just once again shift back to down before it begins to move towards further heights.

None of us can say with full guarantee that the price dip is over and the worst we reached was $9,000 USD. But look at the market and the charts right now seems like the dip is over, at least for now. Bitcoin and other alt coins are in green and gradual recovering to its initial state.

I looked at the BTC chart based on Coinbases prices last night. On a 4hr chart, you can see that it is trading within a downwards channel and bounced off of the bottom trend line.

A potential resistance point is at a previous low of 12.5k.  The last high is 14,253 which is quite a ways from here. It will need to take out this price level and stay above for BTC to be out of the down trend IMO.

Did a quick post on Steemit regarding the technicals.

You can use coinmarketcap to look on the chart of price range of bitcoin and as i have seen, i think this is the lowest price range of bitcoin that could ever reach so far. I hope this ends by the next month or sooner because it's hard to look to almost all of your investments turning red.

Just watch how the price moves now and then.

Dip is over or not, it should be monitored closely. But if you able to take advantage of the recent dip level then no worries how much it will increase for now. The crypto market now seems to be in greenish color and we can expect that more pump or should I say slow increase will happened anytime by now.

Is this really the start of another pump? Let's see.

We can't know this by just looking at the current image of the market.

We need to watch the market longer to see more solid proofs about the market stability. Then we can say the dip is over now.

Since there's been solid support forming down at 9.2K and even more at 8k, I feel like it's very unlikely for bitcoin to go sub $10k again. Of course it's possible (always in crypto) but I deem that scenario highly unlikely. Personally I think we've hit the very bottom but worst case scenario bitcoin could still double bottom down to 8.6K before continuing it's upward trend.

Guess we're back on track again! Yay us haha
Did anyone sell?
Btw there's a funny video on cointelegraph youtube channel called red wedding of crypto or smth like that. It's funny in this situation lol

As predicted bitkoin pushed off from 9000, there is solid support. I think now it will go up to 15,000. All the altcoys are slowly returning to the old places.

Yesterday market crash was the worst. This dip will surely prove to be the launch pad in crypto history as market start rising after touching $9231 mark on bitfinex. It proves to be a strong base and investors start buying after that taking the best advantage of this market crash. If you bought at base price then you will be having 20-25% profit today which is not at all bad.

I am not so sure that this bloodbath is over and we are on the road to recovery, because after such a disastrous month of January it is to be expected that many investors become discouraged and prefer to migrate to less volatile investment schemes, which could mean a gradual drop of capital in the market during the next weeks, although perhaps not as spectacularly as recently observed.

The market is recovering and I am confident that it will at least rise for at least another 3 weeks. You should be careful your account will probably have a big fluctuation in 4 weeks, which is the time when China's Lunar New Year holidays and I think they will sell a lot to prepare for. Your holiday, you come to sell out a few days earlier if you are keeping the big coin on the market. Always watch the signals from the market to make the right decision.

Most of us who holds bitcoin really hopes for a good price as well, because after we've experienced a lot of dumps of bitcoin many people were grabbing the opportunity that bitcoin has to go further. Well not into an accurate speculations, but I am looking forward that the price may come to a rising value next month. The stabilized price nowadays may take more days to go prior we can hit the most pumped value by next few week, so better calm and relax while you are surprisingly checking the price updates everyday.

In my opinion dip is over now, yesterday i bought some popular coin because i dont want to miss this opportunity to get cheap price, because many coin drop 30%-50% and this good time to buy it. In my prediction down trend is over now and the price will change to bullish tren in a few day more. Cryptocurrency market will be back to normal again, the volume and the marketcap will be bigger.

I think for now the dip is over. It might zigzag for awhile but I think it is generally up the graph for now. Think about it there many years left to go and bitcoin will be worth much much more years from now so anything that happens between then and now doesn't really matter.

Yeah, it looks like dip is over now, but we never know. a bad news/fud might lead to more dip in the market, i hope it's all over.
I got myself more bitcoins and some alts thanks to this dip/correction, did you guys buy BTC or alts too?

That should be common because bitcoin prices are very low right now and almost all exchanges are now giving prices lower than our forecast. What should we feel? It got sad because from $ 20,000 last December it was only $ 9,000 which is a huge dump. Or either be happy because it's time to buy back a better future.

I've made huge gains from the last dip.. it was not a big deal, you seriously need to buy after all dips, and there isn't anything new with this. Sell at all time high's, just buy on dip's, there is no a "secret" formula in here. All those who are always afraid of what can happen are the only ones who are selling everything because they are just "scared".

We seem to be stabilizing above $11k, but this also means that it is uncertain whether the next big move will be up or down...

I guess the dip is not over. Thinking the quick dip of BTC which has 2 days length that hit almost 9k$. It is not the worst dip. It may occur again for some time. But still I agree that it is beneficial in market. It helps to circulate the   currency more and it is making it more active. We are waiting for the worst dip so that we can jump in.

In as much as we all wish that the dip is over,  we can still not be vividly sure. The dip was predicted historically, yes and we had one few days ago. Does it ever occur to you that maybe this dip that occurred is not the one that the history predicted? That probably another is coming and it is heavier than the one we recent had? We all hope for the best but let's not be quick to conclude yet.

We can't predict that so surely at this moment
 We need to give at least another one week for the recovery and then we could talk about different analysis here. The market is uncertain in many ways for now. We don't know the after effects of different bans and neither do we have any clue about the future bans. They could be tomorrow or never. Let's keep the watch for some more time buy for now we could just say that we are in neutral stage.

I am pretty sure no one can assure you a 100% that the dip is over and to be honest i was wishing for the prices to go further down so that i could buy more. If you have studied your coin and confident that what you have is a great coin. No matter how deep the price decline you do not need to worry because in the long run you will definetely gain profit.

I think it is not over. It will continue to stabilize for a while. But soon we can see dip again. So we must be cautious.

It is very difficult to say till now that Dip is over. We are hopeful the Bitcoin rates might go up after this correction but still traders are not feeling safe. If it crosses 14000$ then we may call it Dip Over.

Lets hope for the best  !!!

I think we can get increase soon although the price now is up and down too much. but I don't know what will happen later because cryptocurrency especially bitcoin is too volatile and could make every people get panic. but maybe $9231 is the lowest price that we've seen and it will not be dropped until that price again.

Wouldn't bet on it. I'm holding off any trading until we see some kind of confirmation that the bulls are back in control. It's almost impossible to predict a sideways market. Having said that if we see a significant drop to around $8000 I think we might then bottom out at around 6k which will produce a great shorting possibility.

Just my 2 cents though.

this is not the first time that bitcoin fall dip.  Cause in the past year we experienced the most worse dip ever which is bitcoin price turn back to 6k but after a days it jump to the high value. And this circumstances is not the worst price of bitcoin drop cause it still in a high price.

I know the basics from technical analysis, and looking at the daily and 4h charts I would say that the market is still divided and we are not out of the woods yet. Bitcoin is holding support at the $10k, and every time it crosses that mark, it finds it's way back up, and this is a good sign. On the other side, it's facing resistance at $12k, so we need to see a break of that level, and then follow through so that we are sure that the recovery is taking place. Right now, I think the market is in equilibrium between those to levels, and it might stay there for a few days, before another break occurs. Only on that break we will see if we are "safe" or not.

For the long term holders nothing of this should be a problem though, because if we look at the weekly charts bitcoin is still performing very well. We had a big run, now we are having a pullback, and we will probably continue the uptrend.

Maybe the crash is over or all coins that owned by the South Koreans are all dumped as they have no choice but to dump their coins but still we must not relax because we really don't know what will happen next as their are no confirmation from the news that bitcoin and other coins are bouncing back that the crash is over and we survived again from this corrections in which is already part of bitcoin history.

In my view the dip that happened is not the worst. It might happen again and it will go lower than the last dip. It would be the best opportunity to jump in.Expecting the next dip would occur in the next few months.

Right now i'm thinking we will see another dip. If not i missed a good buying-opportunity :D

no no I dont think so. dont think this is a bear trap. people should carefully before invest again

Cryptos can recover very fast, too fast, in many cases. I`m not sure if analayzing charts makes sense in cryptos.

Example:  

https://coinmarketcap.com/currencies/cindicator/ :o

Which Fibonacci level did we reach in this dip? Knowing this is useful to understand if there are further possible Fibonacci retracements sitting and waiting even lower.

Lets hope so!  Bitcoin has rose more than 10% in the last 4hrs.  Some Altcoin are also recovering though the recovering is slow.  This month is probably will be dominated with bear!

I think that soon it will return to run upwards.
It is impossible to think that the value can only increase.
The history of the btc teaches us that there were abrupt dumps but then the value has always marked new records.

This might have been the dip or the beginning of the new downtrend. Seeing as so many people are trying to enter the space I Think its just the dip.

Its certainly not over yet, the crypto market is still very much uncertain and waiting for the updates from China and Korea.

I am sure the dip is really over as per total market cap by now of over $830B right now I think that is pretty fast to regain that capital for a just couple of days after the dip. I would really say that on the coming months I will se a trillion dollar for it's total. And I am also having faith of what John Mccafee said that cryptocurrencies will never come to an end because there are to many people sharing FUDS all over the internet during the dip but it didn't threatened me but keep holding of what I hold.

It is over for me, but maybe some altcoins will keep going down for a while untill all the trust that is "lost" will flow again to the markets in form of money, lmao.. But yes, some altcoins are bleeding right now, like QSP.

there will be a time for bitcoin to rise again and I agree with McAfee that said cryptocurrencies will never to an end because this is a new technology that we need to follow and it will give some benefits for us and will change our lives in the future. I am sure that bitcoin will increase more this year and we can see that bitcoin will have a new phase which more people will attract to bitcoin. although there will be a dip over that might be happening in the future, bitcoin will still survive.

Most coins price is rising. Some coins are still down.

The market is gradually stabilizing and will grow again

It is obviously healthy for the market and it was expected to happen anyway after the huge bull run for months that looked like it was not going to stop. The market looks okay for now, but I have not seen the huge buying strength yet, so we may go sideways for a while and see the next thing that happens. Obviously we may end up seeing another testing of the previous support or maybe start kicking resistance out of the way. Let's see how it goes.

Yrs I agree I think dip is over and it starting to increase again. Many were given a chance to buy more bitcoins while the price is falling down. So I guess many investors now are panic buying bitcoin  hoping to buy more while the price is still low.

Yes it looks like the dip is over and prices are starting to recover.  I was hoping for more opportunities to buy some more but I guess I missed it for now.  In this market there will be many more wild swings so I’ll just wait for the next one to come. 

Thee days ago bitcoin dropped to $10,000 and it is worth over half of its peak value as it dropped over $1600 as well as to other cryptocurrencies just like ripple, bitcoin cash and litecoin also incurred deep losses at 30-40 % according to coinmarketcap, but now  it is getting better as price is now recovering, hope that the investors will come back again to invest, although some experts were saying that real recovery of the price will be at end of the first quarter.

What experts are you referring to? Don't believe anything self claimed "experts" are coming up with. It's nothing more than a guessing game they try to participate in, and that's basically it.

If these people were experts for real, they wouldn't keep missing the point and compare Bitcoin's market with the traditional markets that are in bubble territory once the price increases with 15-20% in a short time.

And on top of that, what is a 'real' recovery? If we look at the $20,000 mark that we almost reached, then it wasn't really a correct reflection of the market. It was just speculative hype regarding the future markets.

If there wouldn't be any future markets going live, we probably wouldn't even have gone through $15,000 last year. We just have to remain realistic when it comes to the $20,000 peak. It was far too inflated.

I think that everything is going just fine here. I mean the recovery has already started and the current rate of the BTC is @12.5K USD. This is really relaxing moment when you buy bitcoin at the rate of @9.5K and after two days of that the rate increases like that. Im very happy at this moment because after reading so much about the dip and its advantages I had investment into it two days ago. Now, here I am again having more money into my account. This is not the end yet, BTC has to see that 20K again which it saw last year. If people keeps trusting bitcoin like this then we will see some awesomeness into it soon enough. :-)

This thing was very much expected that the market value of bitcoin and other crypto coins will soon rise and this is what is happening exactly at the very present time too. This is just the beginning of the good days for those who kept on holding their nerves as well as their coins at the time of dump as the market value of all the coins will continue to increase in a similar fashion in comings days.

Kinda, still I am not assuring that $12.4k will be stable mark for now. It was about $11.3k mark in 3-4 days and thinking that its increase is a healthy one.
Prices are still moving aggressively and I also think that the FUDs spreading is one of the factors.
Hoping for a steady mark with a bit of an increase. I would not be asking to much. I'd want a stable price or less volatile one rather that seeing it go skyrocket then fall that much again.
If I were you I won't be worried by this time. It's recovering again.

As my previous, I said that we need to wait at least 2-3 days and see how everything will turn out. And obviously bitcoin price made "significant" move to over $12,000 now, so I can say that its over and started to warm up. So its really good to see bitcoin already making a comeback, weak hands is gone and we might see some rally in the next couple of days. FUD will stay, that's for sure, but I hope that those newcomers have learn their lessons well from the market crash. I guess its a slow recovery from now on, because as I have said, FUD still lingers in the air, investors sort of reluctant the way I see it. And I agree with @BitHodler, those bitcoin future contracts really push the price last year, so reaching $20,000 is still possible, but don't put to much hope on touching that price immediately.

Frankly, when the price of Bitcoin goes down to the level of $ 8,800, everybody is scared, in this case the buyers get the profit in a short time, hopefully not such a sudden drop again.

I agree somehow with the general consensus over here. The market is recovering and I am confident that it will at least rise for at least another 3 weeks. I think fluctuations will follow but not as hard as we have seen last week. Keep in mind that China's Lunar New Year holidays come up and they will sell a lot to prepare for it. I would just see it day by day and if we see signals which look like last week, maybe selling isn't such a bad idea to buy back cheap....

China festival is the major reason for dip but we can expect more dip in 14000$ range, sure now it will flow up to 14k.

The worst doesn’t meant bad for everyone in some point.. Those who sold at that time because of panic and fear been in nightmare as the recovery is going on now.. I’m saddened for they’re emotional state now but this will make them more matured about how cryptocurrency work and what should the best approach.. Dip or decreases is normal if not then this is not investment.. Lucky to those who hold and buy..

I never expected that bitcoin's price will reached $10,400 this year 2018 because most of the people here are expecting the highest value of bitcoin in the history but since the year 2018 just started then I should be optimistic that it will recover soon and the price of it will pump again just like in the month of November year 2017. As of now, the value of bitcoin is $12,699 which seems that the bitcoin price in market is recovering. Let's be optimistic.

yes the dip should not be what people looking for, we should expect for future development of bitcoin itself. a massive adoption will make bitcoin considered more than just about value and digital asset , but the future of money.

it is okay as a trader to look for that , but remember everything won't last forever include the dips.

As they have decided by coinmarketcap to exclude Korean prices that was one of the reason why bitcoin price goes down, and now bouncing back again after a calamitous week that passed, actually some experts thought that bitcoin's upturn was inevitable as the markets begin to correct themselves, with this the trading volumes were once again became extraordinarily frenetic across the exchanges since yesterday

Hard to say. But I would not be to surprised .. if soon there is more downside pressure to come. The risk aversion of speculators could set in, which will take them out of risky position while the market is soo heated up, and let them choose safety instead. But personally I would like to see a rise setting in, a steady one .. over just a quick and dirty "rise to the moon" spike, as such moves can always result in massive sell-offs.

The market just got back from the bloodbath very difficult to say it is over. A week or two will determine if the dips is over.