Bitcoin Forum

As strong bitcoin rally continues and we may see ATH soon do you think there will be a massive retracement as well? I think current rally is different from 2017, bitcoin became more mature with support of big and smart money so I don't anticipate major price rop.

I think there would be a correction, but it would likely be a minor one. I also agree that the seasonal cycles of pumps and dumps, would soon give way to a more matured and less volatile market; so rather than having a period of pump followed by a long retraction which lasts long with the market losing 50%+ of its value, we would experience a more balanced market with less volatility, a minor correction (<30%) would still most probably occur between spikes.


We would likely see a new ATH soon, but this is just the beginning of the rally, we're still not where we were in terms of popularity and hype last time the price was in a similar range, so this value is not yet exciting majority and big fomo is yet to occur. The next really could last between 6 - 8 months.
This is not investment advice. Do your own research

A correction happens every time but it doesn't happen right after the Bitcoin. Once it makes crosses ATH, it tries to touch high rather than just $100-200 above the past ATH. Here are the ATH values by year:

2013 - $1,156
2014 - $1,017
2015 - $496
2016 - $979
2017 - $20,089
2018 - $17,712
2019 - $13,793
2020 - $17,075

Well, it tries to touch high value but it may not. Let's see how it goes this year.

yeah, I don't see any strong reason that corrective retracement can be more than 30%(it's probably the worst scenario)

Hard to tell. Everyone expected the price correction at the level of $ 15,000, but this did not happen. What will be the big question now.
On the one hand, there are factors indicating that the growth will continue, on the other hand, every time such events occur, we are faced with a correction. Personally, I am going to fix at least 50% of my assets now, and I will put the rest at no loss.

The year is approaching where many trader are worry about the way others cryptocurrencies are dumping in the market that is causing traders to lose their profit which they never wish for to happen to them in the market. The way bitcoin is rising in the market show that bitcoin will dump soon but not this year that remains few weeks to end 2020 to enter another year 2021. Many trader are trading with fear base on, what they heard from other trader that market will soon dump before next week, that is making some traders not to focus well in the market .
The way other cryptocurrencies are preparing to increase in the market show that bitcoin will dump soon since during pandemic bitcoin were rising that was causing other cryptocurrencies to reduce in the market. We are about to experience other cryptocurrencies pumping in this season.

Yes, BTC could dump. If you ask, will BTC pump? Then the answer will be the same, yes. Because no one in the world can give an accurate forecast about Bitcoin. When BTC hit approx $20K in 2017, then again we have seen a dump. Bitcoin is a high volatile cryptocurrency, which means anytime would happen pump and dump. At the current rally, there will be a dump IMO. Because, if Bitcoin is run suddenly then we have to wait for a dump. But it wouldn't huge dump IMO, probably small or medium.

I think we will not see any massive dump recently if BTC moving around 20k. But when we will see a massive pump to 30k or more then we can see a massive dump to make the correction. But recently we may not see a high dump. But it's always normal to make correction to dump 2-5% in some days periods.

Hello,

I'm new on bitcointalk, so pardon me if my question is a bit naïve..
But what about the predictions that Bitcoin would rise to 200k$ in summer 2021 or so ?
As you say, wa can't really predict it, but what do you think of those informations that are circulating online ?

thnks

I believe that a dump will come for sure. That happens everytime when HODLers book their profit so a dump will happen eventually. However, this time, it may be short lived because bitcoin now has attracted corporate investment. Billions of dollars have been pumped by the corporates into bitcoin market. So a major price drop may not happen this time! Just a bumpy ride ahead!

Anything can happen in the crypto market and no one can predict what will happen next. However historically we can fully expect that bitcoin will do well in 2020. I think bitcoin will hit $ 20,000 by the end of this year.

There will be one eventually.

A big pump is nothing without a big dump.

The million dollar question is... when?

what comes up must come down. eventually the market will be overbought and the bear market again. i wouldn't want to be holding anything before the massive dump. the problem is that its hard to identify when its going to happen because if you get greedy you will just keep riding the pump not minding an exit strategy.

there are different speculations so if the price really will go up to $300K, you might just sell yours when the bullrun still isn't over. it could go $500k. burn.

Possibly the bitcoin will be dumped but the exact time is not known to every holders, now remembering the bull run in 2017, it was unbelievable for bitcoin to dump from 20k to 3k as the lowest price, and guess what, 3K was the support point. Looking into the bitcoin rally this year is something to attain new ATH but must be dump to 10k in the future because that's the new support point of bitcoin which can never be dumped below 10k, so irrespective of its mooning, it will surely be dumped.

That is entirely possible, but bitcoin needs ideal conditions to reach $ 200,000 in the summer of 2021.
It would be more viable if we predict bitcoin to reach $ 50,000 instead of $ 200,000.

If there was a big dump then I would expect Grayscale to keep buying more bitcoin. With the supply of new BTC minted being cut in half since the all time high in 2017 I do not expect it to go down in price as much this time around. A dip might even motivate more companies to put their reserves in bitcoin. We will probably go well above the previous ATH before we see a significant correction.

Correction would always be there and that do indicates a healthy market because we cant just have a market that continuous price increase but somehow this time it isnt really that the same that we had seen back in the past in year 2017.

How deep or major the correction would be? No one knows but for sure there would be a sell off thats why in regards to your investment then better be wise on when to sell off.
Then buyback when the price had already corrected or on possible botttom.

Always anticipated that there would be a price decrease and should be prepared on what would be the things you should do when it happened.

I don't think there will be a major market pullback, bitcoin is asserting its position and advantages in the financial markets and governments are re-evaluating their views on bitcoin. Besides, the epidemic causes people to use more bitcoin so bitcoin tends to increase instead of decrease.

There could be a correctionbut I doubt that a massive dump like what happen in the 1st time we hit $20K would repeat.
BTC has been stronger since it faced a huge and continues dump it has been having a hard time climbing up and building resistance,
So I think even if the market have a dump it wouldn't be as bad as it was back then.

I also think the same as you, bullish Bitcoin this year will be different from last 2017...
bullish Bitcoin this time is not as extreme as last few years, this time it is more natural and much more mature. the potential for big bearishness is certainly there but the potential to pass ATH is also very big.

We can never tell but assuing the differences between the last time bull and what's happening right now, There are adoptions that taking place and with the pandemic people realized those good benefits from this investment currency, some start to use it as regular payment transactions other used it as a tool for investment. With this, wide acceptance make things differently as usages brings more possible investors.

Maasive dumed can't be removed from the picture but again with how things are getting adopted, there are new people around who can
back it up and create a good barrier. We might see new high before or after this year make sure to take your own studies to timingly position your investment.

A correction will always comes, we can't avoid it. But now, bitcoin still in a good uptrend and seem like it will increase first like most trader want and then we will see a big correction due to panic selling.

Indeed, bitcoin is mature now, it has been ten years and still has a value even the previous all time will be reached again. This is pointed out that we don't need a fear anymore to hold bitcoin as long as we can.

Yeah, a few years ago we always afraid to hold bitcoin for long term investment because we always see bitcoin never touch its all time high, but now it will be different and I just hope there will be many invetsor who buy for long term investment.

Just as you said, bitcoin becomes more mature with a strong foundation.

We are seeing a fast phase moving forward but not the same as in 2017 where the bubble just keeps growing without support but just a product of hype. Today, there are lots of reasons we can consider why a big hit like this happened.

Another ATH will surely be coming soon.

This current rally is indeed different from the 2017, because Btc is the only crypto that made a huge rise today. The top alts remains in a slow rise probably caused by Btc's pump. And when there's a huge pump, a huge dump will also be expected when people starts selling their bags massively, which nobody knows when will it happen. Though most probably a lot of investors maybe waiting to break a new ATH before selling, but there might be some who's hodling till in reaches $50k or $100k.

I’m not being negative here but always expect corrections and always expect for the price to go down again because this is how the market works, Bitcoin can’t go up straight without experiencing any dump. I know we are happy to see the price pumping again but I’m also aware that the price is about to drop any moment from now, hopefully not less than $15k again, correction is coming.

We should be, we should learned the lesson of 2017 and the price should move forward without fear in crashing because we just have reached another milestone, it's  very much different from 2017 to our present situation, so I don't see the price crashing after it hit another all time high, after we hit another all time high, the price will continue to move forward.

For the longest time, finally bitcoin touched above $17k and the correction always in touch with bitcoin as expected but not a massive dump. As we can see the trend is further strong and it may possible to continue the price to soar in the market. Who knows? The volatility in bitcoin is very strong and no one can give an accurate price to what will happen in the coming days. Seeing the current price is really good to us who waits for this to happen in bitcoin.

No massive dump until we reach 25k-30k zone.

Will there be a dump?? Yes there will be.
Will the dump be massive (like what happened in March)? I don't think so.

Corrections and dumps are needed in every market and that would be better than making a parabolic rise and no corrections at all. See what happened last 2017 where Bitcoin just rise and rise and rise then at the start of 2018, Bitcoin fell like an airplane falling to the ground. It went down very hard that most of the investors are just crying and regretting why they bought Bitcoin at that time.

The rise of Bitcoin is inevitable but expect dumps to happen. A massive dump will happen but I don't think that it will be this time. Short corrections/consolidations will happen anytime soon.

We can't really tell about the massive drop. But what scares me is to bitcoin to go steady with the price and will suddenly dump like before. Which is not happening yet because it is increasing smoothly and resistance level of $17k actually broken which tells that it can go further higher up to $19k or $20k level.

I haven't seen any predictions saying that there will be a massive dump, at least until we clearly pass the $20k mark. But predictions can fail, who knows. Maybe if massive lockdowns are imposed worldwide it will happens like in March again, that could be one trigger. Although even in that scenario it could be possible that many assets like stocks go down while bitcoin still goes up, it seems to be in a non-stop tendency to break the last ATH.

Yep, I figured there would be more denial by now, more bears calling tops all the way up. Masterluc tried a couple times, but that's about it. I don't even recall any trolls opening FUD threads in Speculation recently. Makes me wonder if sentiment is a tad too bullish to pass $20K just yet.....

It is very difficult to predict how much BTC will actually dump. With the increase in investment, the demand for BTC is increasing and no one can predict its future. BTC has come down a few times before but prices are rising. Even if the next lockdown is given, the chances of BTC being affected are much less. Depending on the BTC market. And many investors have taken steps to overcome the ensuing crisis. it is more likely to be pumped than dump.

Yes there are more chances for dump also we have experienced this issue after the massive pump in 2017 the price went down so cheaply, now the market liquidity and demand is high most probably after New year the price may go down because the demand will slowly go down pump and corrections are common in market and this is just an assumption. No one in the world can figure out the accurate price of any crypto so let's enjoy the price moment for now.

I think Bitcoin is more stronger than any time before. In case you're expecting a 2018 sort dump, I think you'll be frustrated this time around. This time it’s a lot less hype, and more because people understand bitcoin. I might be wrong but looks like dump must be taken place.

We don't know, we can't know. There is no way to know who will sell or not, bitcoin has millions of people involved nowadays and it is impossible to know if they will all sell or they will all buy or if some rich bitcoin guy will sell all of his, not like they call me and ask me before they sell it, nobody lets me know beforehand via email or message, so I can't know what will happen.

If they let you know please let me know right after so I can make moves before the market as well, but I doubt they let you know neither. At the end of the day there are moves where it changes the market drastically, sometimes it is a dump, sometimes it is a pump but we only get to learn about it when it happens and we just see it, we never really predict whats going to happen with any data backing it up, we just make it up.

Lol any analysis or graph chart to support your saying  ;D
To me it is a longtime price for such dump. Don't be surprise that the price won't get close for that to happen but I'm expecting 20,000 to be the mark because of the first experience at least.

I've been referencing a pull-back to anywhere between 12-14K, or higher if we reach 20K. Definitely expecting a deep ish correction (25-35%). If price rallies further, the deeper it will be imo. No TA to back this up though, apart from correcting from a parabolic move (as per usual no?).

We do already learn from the past experience thats why we do presume that it will happen when we do able to hit the rooftop and its neither
we do have a breakout or would be having a big rejection and might happen to those things that had happened in the past but i do saw that price
is somewhat stronger and have lots of support that can really catch up on the said dump.We can have inevitable correction which is a thing that cant really be
avoided since there would be always a selling point to those people who had invested with it.So we should always expect the unexpected.

Correction is believed to occur when there is a rapid increase in its price within a period of time. But putting the situation in the past, it is indeed true that the ATH is still not broken from the previous years and that is why I am curious to how people easily make speculations that the market price will be above $50k USD. I do get the point that no one expected its price before to even touch the $10k USD mark, but still, assumptions will not alter its natural market price behavior so I think it is quite not beneficial to do so.

To not get too far, I do personally view that a correction might occur at the end of this year. To whether it will break the ATH record; no one really is certain of such thing. But I do more perceive its price as something which will not consistently increase.

There should be once everyone has already taken some profits, and the ones left on the market are those too greedy and too naive to think that there will be more pushes and the uptrends will meet all of their desires. It's too hard to tell what the final price would be once it pops off, though one thing for certain this time: this will be higher than the 2017 ATH that's for sure. The momentum and the buildup of this recent run to $18500 is still far from the one that we had on the latter months of 2017. There's still too much bitcoin can offer at this moment but expect that a massive dump is on its way afterwards.

This will depend entirely on the way the market moves, we have seen that unlike last time the rise of bitcoin has been steady and this makes me hope that this time we're going to go above the previous all time high and the price is going to keep moving up for some time after it.

And this is because if you take a look at what happened in 2017 you will see that the price skyrocketed at the end of the year which for the most part indicates that a bubble is forming and that people are investing money in an asset without thinking of the consequences, but now things are different the growth seems to be sustainable and even if the price of bitcoin begins to go down I don't really expect to see any kind of crash and I think that most likely we will remain above the 10k level.

It won't be like the one which we faced in 2018 but yes we might experience a low level dump in form of correction period, this time it's completely different than 2017 wherein we have not seen any sudden spike in the price to fear about one more bearish massive dump rather it has been a gradual increase until Bitcoin crossed $11k.

It may happen by 2021 or 2022. The fomo isn't over yet for there will be more money going to flow to crypto while there will be companies adopting cryptocurrency. This is why most of the popular personalities in crypto predicted more than $20k. It's not unusual for BTC to be overpriced while there will be massive buying from investors which is why the cycle keeps cycling. The small dump that just happens today is just a small one.

Last month the price of bitcoin was trying hard to break the resistance above $10k and after breaking that resistance the price right now is hovering around $17k to $18k and you think that it is not a sudden spike  :D. The price has rallied a lot in the past few weeks and we might see a correction but not expecting a bug dump but it might settle around $14k to $15k by the end of this year.

When a pump happened a lot of people are expecting that the BTC will have a dump and for me it is wrong and considered as misconception because it doesn't mean that there will be a dump after a rally maybe a correction may happen but not dump because we are in bullish territory wherein the price have still momentum and it can go up even more. If you think that there will be a huge dump that may happen right now, maybe you do not have enough data when a certain cryptocurrency are nearing its all-time high. My expectation is still bullish because the sentiment is still good and the current price action is so healthy and for me the bitcoin can now break its ATH anytime because it is the last resistance where there are a lot of sellers in that area.

I'm not hoping for a dump but I'm already ready to accept a dump.

I've seen this before, and I believe bitcoin is just following the same trend, even if it hits a new ATH this year, it's expected that after a massive pump, a massive dump will follow and that is normal because correction is necessary in order for bitcoin to rise further, we call that a healthy correction though.

There's always going to be a dump, to me the only question is when and how far. The more price goes parabolic than the deeper the correction will be imo. I'm currently considering somewhere between 15-25% as reasonable given the recent price spikes, but otherwise if we continue higher to $20K then I'd raise this estimate to 25-35%.

We can anticipate bitcoin to confront correction at $20k, however it should be less than or max at 30%, it would be $14k at the lowest support level. Nevertheless, $20k isn't the limit for bitcoin in this year moreover in 2021, according to many predictions and technical analysis, bitcoin could be able to reach at least $50k in the next year, so prepared for some corrections but don't sell all of it.

There are definitely signs that this time is different, which should, as you say, lead to less rampant FOMO and subsequent panic-selling.
However... this does also depend on the scale and the speed of the price rises. Anything that rises quickly and dramatically is inevitably followed by some sort of retracement. I'd say there's next to zero chance that price rises will tail off into a period of stability. There's got to be a drop to some degree.

This usually happens when everyone least expects it. )

15-25% means that it is at $ 15000- $ 16000, and now Bitcoin has corrected quite sharply at $ 17500,
down almost $ 600, for me that's pretty deep, I'm not denying that there will be a dump happening,
but we are still in the bullish zone, keep calm, and don't panic.

Yesterday is downtime for bitcoin price after hitting $18,400, and the price down until $17,300, but then the price can back to increase and slowly the price goes up again.
I don't expect to see a massive dump that will happen to bitcoin, but it could happen in the future, especially when the bitcoin price can break $19k-$20k later.
Everything can happen to bitcoin price, and unfortunately, we don't have any sign to know when that will happen.
We can prevent that moment is still be careful and don't panic if we see it is happening.
But now, I don't want to think much about the massive dump because it is better we focus on this moment and don't miss any chance to sell bitcoin at the price we want.

Correction will surely happen, but we don't know at what price this will happen. During the previous time price reaching the ATH value people were into expectation of reaching $25k, but the price started to drop. People believed it to be the correction, and expected growth to happen.

The market continued to fall, further it got dumped. This time the market scenario seems to be different, because altcoins doesn't have big role right now. Majority of the altcoins were in the peak by that time, which also made people to expect big.

Even though we see some strong supports occuring own still we cannot guarantee that we will never experience huge drop after it reach to it's ATH or it will surpass. Since as we all said Bitcoin is unpredictable and we already see some dumps happen so fast before , and if there's a bad fuss that can destroy the people's trust and momentum then huge drop will follow.

Fixed the bold for you.

I think we get to 25-30k

do a strong correction.

Jan /Feb 2021


Then moon in fall 2021 to 78k

Outstanding prediction. 25k-30k is an affordable number though it might take few months. But 78k is a different story. It is way too high compare with other assets

A strong correction is needed for the purpose of going higher. Right now, there is not precise resistance. This momentum is currently unstopable

Bitcoin cannot possibly even reach $100000 in 2021. The reasoning for this though not accurate is that the market capital of Bitcoin would have to rise 7-10 fold for it to reach that level. Where will that money come from? Now on the other hand, if NO ONE sells their Bitcoin for less than $100k right now, then the next person who wants to buy it will have to pay $100k and the price would land there in an instant.

The price would go up due to the halving every 4 years though. And Bitcoin will exceed $100k in the future over many years.

Because when it does the Dump will happen! Correction is an inevitable part after this surging up of bitcoin price. I'm not afraid too much because this run is not about small investors, its more about institutional money. So, everything could be settle nicely because all are confidence more than any time before.

If the over dump happened,it will affect the small investors a lot.Because the small investors affect a lot on dump and their profit percentage also low for low margin investment.So the traders should focused on a investment with high margin to gain more from it.

yeah but this 18k price from the mining viewpoint is not as good as 2019 july 13k price.

inorder to equal the july 2019 price of 13000 we need to be in the 25-30k range if all was based on mining profits.

in order to equal the dec 2017 price of 20,000 we need to be around 78k.

I think  we get two waves here. 

wave 1 25-30k
strong dip in Jan feb 2021 to 14k-16k

huge wave in nov 2021 maybe goes to 78k but at least 50k

nov 2021 to dec 2021

I am not sure about this time is going to be different.It’s always been a normal thing for the price to drop after going up like this, but the difference is the low for every year that it drops is always higher than the ones in the past. The price might drop this time after it reaches another ATH price, but it wouldn’t be lower than the previous in 2018 when the price dropped after $20,000.

I wasn’t expecting that, even when it got to that I knew it was going to get above that, the thing is that I didn’t expect it to happen very soon, I had in mind that it was going to happen after one month, but it was quick.

Currently no I dont think so, its quite bullish and not showing especially any weakness to suggest a big dump.  Some corrections but mostly up.

https://talkimg.com/images/2023/06/12/AcXmd.png

When we fail not just these levels but trade and confirm below 16,000 then you have a break of momentum and the channel true going back weeks and almost certainly a reset in the BTC price.

I do not think that there will be a "massive one", obviously there could be some corrections here and there and I agree that it is not a big deal that if we have some corrections down and keep going up later on, but I just do not think it will be a massive dump. The biggest talk in the market right now is to go between $13-14k levels and after that breaking above $20k from there. And if the price of $18k right now becomes $13.5k in a week and becomes $20k before 2021 reached, I think that is still a win.

In order for the market to create more volume and more liquidity, it needs to move all directions, only going up doesn't really make a big deal and just because of that I think there needs to be some downs to make more money and use that money to get even higher highs.

From the few years, Btc shows its ATH value in the last quarter of the year. This is the time to show its value now and it's started already. After a huge pump, it seems we are going to see a correction but it will not be a huge dump or it can be. Hopefully, the price will stable soon.

A thing that can't be stopped. Dumps come any time just like how pumps shows to us. And looking back on how the market behaves after the hypes, after Bullrun, dumps have to respond to it. However, this will not be the case to worried a lot, of course, we have to prepare ourselves for that possibility.

I always check on the market chart, the trend still good, and continue to maintain the uprising momentum. And I hope there are no FUDs to hear around that could affect the trend and that also a reason for (massive) dumps to start.

price increase now looks healthy, don't expect a big pump this year,
and bubbles may occur but not 100% like 2017-2018, dump will occur if the indicators look bad

I think there will be no massive dump, but most of Winter 2017/2018 Bitcoin buyers will definitely jump off the rocket when they reach 0 in losses or bitcoin reaches its ATH.

I also think, that after ATH will be reached, those who hesitated to buy years ago, will brings new money to crypto. Blockchain.com is already creating a base for it by sending me every 4-6 hours emails with idea "buy bitcoin now, that is so easy". Instead of the dump, the will be a jump  ;)

At this moment bitcoin investor also become mature enough. So I'm not hoping for a massive dump of bitcoin price in future. We might see a price correction and many people will sell their coin being panicked. It will cause sudden a dump. But overall bitcoin will not go down much. It has gained trust of large investor. As a result more people will react differently this time. If a dump start just hold, bitcoin price will recover. Or sell at high price and buy back when it reach bottom level. That will maximize your profit but hard to follow this method perfectly.

I was taking this mining profit as a parameter , serious parameter right before the freefall in march.
Thinking that after the halving the price range must be above 20000 usd .
But the pandemic and market crash not only bitcoin but the whole world crashed forced me to let most of my bitcoin holding go as that time feel better to swap into gold for a while.
Now i can only watching this bull run and blame myself to lose the hope few months ago, crazy time.

There would be a sell off but lets hope that the price will able to hold that particular situation where investors tend to secure their profits and we wont really crash that hard.

We aren't that hoping for that year 2017 similar scenario or situation but it cant really be avoided specially now that the price rise up too fast.

In any case on what would happen then we should really be prepared.

I note that this time bull will not repeat history like in 2017 (when Bitcoin first touched $ 20k).  In 2017, we saw the fast movement of Bitcoin price from $ 15k to $ 20k within 1 week, this time it was different, Bitcoin price rose slowly but surely and demand for Bitcoin in the market increased steadily.  a market correction is sure to occur but it won't be below $ 15k..

Yes, the growth pattern is different this time. In 2017 the growth happened in a much faster pace growing at massive price rise of $1000+ value in a short time. This time after reaching specific price barriers the market is stabilizing and then once again moving forward. This slow and steady growth is predicted to reach new ATH before this year end. Another thing, altcoins were also growing slowly without any form of hype which also makes the cryptomarket more stronger than the past.

Do you remember that what were the bitcoin prices at the start of this month ? Yes, the prices were near 12000-13000$ and before that bitcoin was between 10-12K. So all the investors started to buy all of sudden at these higher prices ?
After this bitcoin massive rally, there will be a big correction time, so we should be ready for that too.

I agreed with you that price movement is not a one way traffic ' what goes up must come down' there are a lot of bullish speculations regarding the price of Bitcoin reaching $70K, $50K e.t.c no mention of correction of the price,  $13K is a major support that can hold the price if there is any pullback even at that price its a remarkable growth, however I don't think the price can dump massively like aftermath of price crash when it reached ATH in 2017 because of difference in fundamental sentiments of the market now, news of PayPal adoption of Bitcoin, halving of Bitcoin etc are some of factors that keep the price pumping massively in recent time.

Don't expect a massive dump on Bitcoin,
we have entered the bullish season and we must be strong to pray, because if $ 19k breaks as a Bitcoin Holder,
we will certainly see a new all time high again, no dumps and no FUD!

I agree. Let's stay positive that bitcoin will surpass it's $19,000 price and later on will reach it's ATH, so we should be keep holding our bitcoins while we are still in a bullish season. I know it's better to be safe than sorry, meaning it is wise to be careful and protect ourselves against the upcoming risk, but we should keep our hopes high for bitcoin not to dump it's price.

Investors should now be smarter if they’ve been in bitcoin a long time with experience. And all learn from history when bitcoin was once ATH
and then because the market overbought its decline to its deepest. But the downturn has come back to the light, now that bitcoin is bullish after a long wait.
It will even penetrate a new ATH whose value is now near. So chances are, we are better prepared and mature to deal with the downturn after this bullish.
Just determine the point at which you will sell bitcoin this time, if it has already made a profit. And come back at the price below.

I think the same way as you do. This 2020 rally is much different from the 2017 Bitcoin rally which was even considered an oversold. Many are saying that Bitcoin and altcoins way back in that 2017 rally were overbought that the price rose to all time highs but then the impact of that was also very strong that it took at least 3 years to recover.

This time, I can see that the demand is real. I agree that there is maturity and that the money coming in is considered smart money. Unlike before where FOMO was the main player and individual buyers are flocking the market, the market right now is somehow controlled by large investors.

It is different from 2017. 2017 a lot of discussion about the bitcoin bubble when bitcoin price was over 10k but this year it didn't. We see bitcoin's price increase is very normal, doesn't need hot news to create an effect in the market.

I don't see a parabolic rise as a normal increase of price to be honest and this is what I'm afraid of this 1st wave ( as most of us here call it like this ). This 1st wave might end up in a big bear trap and I hope it won't be the case as this will drive investors in loosing faith in Bitcoin. Again...a parabolic rise is not good in Bitcoin...

This time is far different from the past Bull because now investors are mature and we are seeing real people inside not like last 2017 that almost looks like a Bubble.

Now PayPal is merging in crypto,Some richest man in their country are investing inside this market.

Small investors are looking for legit coins to buy in and not those Pump and dump currencies.

So i think This Pump won't have massive DUmp but correction i believe.

The market is currently pausing near the ATH where it may considered as correction if tomorrow's candle will still be red and have a volume but this price pausing is a sign of bullish because the price is still holding at 23.6 Fibonacci retracement. I also expect that the price will consolidate in this time because if the price beat the ATH without prior consolidation then it may consider as bubble where there is a high possibility that a massive dump will occur. If there will be a consolidation I prefer to people to collect and acquire bitcoin as they can to anticipate the nearing breakout to its current ATH.

No one is certain of such thing But if we are talking about possibility; there is. This industry is volatile and there will be price increase and decrease without consistency and definite signs. Correction tend to occur if there is a rapid price increase in the price of a crypto, and to think that the market price is quite stable right now, for sure many people are now hesitant of holding their investments since there is a chance for correction to occur. I'm honestly one of those people but I'd probably continue holding until it's price again reach its ATH. The momentum is still there, I believe, despite of lacking assurance of price increase.

The community of investors are now prepared on a new all time high, we have seen a lot of progress in the past three years we are very much better than in 2017, where the community of investors are still struggling, I don't think there will be massive dump but there will be correction, correction but still the price of Bitcoin is still good for profit.

Just saw that "huge" move down, was expecting it to at least test that giant buy wall at 17.2k I'm seeing at my exchanges but it didn't even survive 15 minutes below 18k. Guess they're going to need to bounce off 18k a few more times before the buyers let go of some ground. Meanwhile, I see a lot of gains in alts, guess people are spreading out some of that BTC in alts, so seems to be less about people selling BTC, more about buying up alts with BTC?

Was also expecting to see low $17K prices if $18K was broken as well, but seems price might bounce around in an indecisive way for a little while. I think you're right that no-ones really "dumping" BTC at the moment. I don't see people selling BTC for fiat, as price is still trading sideways, instead they are diversifying into alts by the looks of it.


The charts suggest it's not the worst idea either, if you're into trading shitcoins that is.

There won't be a "massive" dump of btc unless these hundreds of millions of dollars invested companies decide to get out. What people do not realize that many companies who make money from crypto have to exchange that to cash in order to keep being operational.

Binance for example makes insane amount of profit in bitcoin via trading fee's, they also make a great return from altcoins as well on the same premise, and they charge HUGE amount of withdrawal fee compared to how much it costs so they must be making profit there as well.

Combine all of this and they have a great deal of crypto in their own wallets as profit, but they do not pay everything in crypto, which means for some stuff they need fiat and that means they might sell millions of dollars worth crypto every single day to pay those things. That is just one company and one example, there are plenty like that.

Yeah, it really reminds me of 2017, when it wasn't so much that people were liquidating Bitcoin, but trading it on altpairs (especially Ethereum hence Flippening wildfire talk)... which is the indirect way of selling Bitcoin, leading to that alt-era nonsense etc etc.

I actually don't know any trader who only trades BTC/USD except on this forum. Everyone else seems to insist there is a good time to go into alts to "diversify" even though Bitcoin to me is the diversification;)

Rallies like now do make me feel slight regret I don't have more positions in not-BTC. But $100k BTC will salve my hurt.

We should not entertain that kind of thinking that there will be a drop after we reached another all-time high but rather we must continue supporting the market and the technology, investors are not fully matured and prepared back then and we do not have many updates and adoption is not that solid compared to what we are experiencing today, so we must rally for a continuous milestone because the momentum is high.

It's more profitable selling OTC or multi-platform. No one has interest to dump btc since it will be a strong loss.
Even big whales could sell small portion on the market at a fast rate without collapsing the market.
Unless a very negative news it's pretty impossible to see a big dump before the end of the year.

Definitely will have, if Bitcoins goes up then there would be a down as well however, the thing is we don't know when. Correction is imminent, it always comes after the big rally, and of course, don't exactly know when it will occur. It seems the rally toward ATH wasn't like we had before in 2017 the price increase was phenomenal, unlike today's rally it is kinda mature indeed so the retracement wouldn't be that fatal as we had encountered way back in 2018.

Negative news is quite likely - the political situation in the United States is very difficult and if the election results are challenged in court, it will hit the economy. In addition, the future effectiveness of the vaccine is important, if it turns out to be low, then this will also reflect on the economy.

There are always few minor corrections when bitcoin on the rally like this, we've seen some after bitcoin break resistances at $17k-$18k.
a bigger retraction probably 10-20% after bitcoin break the ath at $20k+ but not the massive one like 35%-50%.
Many predictions said bitcoin still in the early phase of bull-run, not even start to pump rapidly like in 2017, it may on that phase in 2021 to reach $30k-$50k.

Saying like that is true that bitcoin will actually reach a rally in 2021, we will look forward to whether this correction can occur in the future.
$18.5k in nov but it is likely that this will continue with the existing rally with 25% gains which will continue to reach its highs.
My piling was strong in December bitcoin was able to reach 20k after seeing such a big move, I see other altcoins will also follow in bitcoin footsteps today.

Being challenge is not that bad, Trump had the right to bring it to the court if he wants too but it does not affect USA's economy I believe as the opposition party are very confident that they have won the election, what we should look is the result, and if Trump would still win, I think that's the time we think of a possible effect, most probably bad.

Right now everything is crisp and clear. No need of any clarification. The opposition party have proved their majority through the voting. As mentioned above Trump has the right to take it to the court and putforth his statement regarding the election process and the fraudulent activities happened on the election. This isn't gonna make any big impact. There is no chance of Trump ruling America, if things go on his side there'll be big impact felt on everything including our cryptomarket.

PayPal is one big changer to the community, it contributed to the big pump of the price, there are many Bitcoin holders now than before, the old investors are now matured and they have proven that Bitcoin is not and never a bubble, so I don't think there's going to be a FUD, and Bitcoin is not going to crash. and I agree that it's going to be a correction.

Since USA's justice system normally is good, we will know the result soon, unlike in my country where a vice president candidate accuse the winner of cheating and bring the matter to the court but until now there's still no verdict from the court, and that was last 2016, and we are in 2020 now.

Hopefully things will resolve fast so people will not be doubtful of their future and also we investors would not speculate what would happen to the market in case our expectation will not happen.

"Massive"? No. Dump? Yes. I think there will be a dump, I believe even that $18.7k levels to under $18k level and back again could be considered a dump. What we call a "dump" is actually people buying bitcoin from lower levels and when it reaches to a point where it is very high and they do not want to take any type of risk anymore and want to sell, they do end up selling and that causes bitcoin price to look like it dropped a bit, but it is not a whole market sentiment, it is just some people who want to take out their profits and that's it.

So, we are not going to really have any problems in the short term and we are not going to crash anytime soon. However we could see those type of small drawbacks time to time, it could be like $1k drop and go back.

Everybody knows there will be a dump, that is just how the crypto market works. It would be weird to see these kind of things in stock market for example, in stock market things go up small by small for a decade and crash and keep going up small by small for a decade again, that is how stock market works so people are not used to this one.

Think about it, bitcoin started at 7k, went to 9k, droped to 4k, increased to 10k, dropped to 9k, went to 13-14k first, then kept on moving until 19k. How is that sensible in any other market and this was just this year, most (almost all) stocks do not have this kind of move for their entire lives, let alone just one year. So, I would say crypto will have a dump and a huge increase and a dump and a huge increase and continue like that forever.

Pretty much you are already acquainted long time with the market.

Yes there is a dump, I swear I will never be wrong with this as the price increase is not normal, it's so far and that is just brought by hype.
People saying that it's a real adoption, yes, ... maybe... but it will not happen this fast.

Bitcoin survives at a price of $ 19000, this will probably be the best support for Bitcoin to continue its trend,
if you wait for Dump, of course you will miss the train, don't miss it.
this will be massive pump not massive dump.

No one is guaranteed right here, even the experts are not.

The movement that we are now seeing is bullish, so it's up to us if we still want to ride or sell now at a profit and just wait until bitcoin will dump.
All we read are just a mere prediction and no one could really tell what's gonna happen as the market is so unpredictable, if it's easy, then we did not lose money in the past because we continue holding instead of selling when the correction happens.

It's bullish now but it's not the same in the past, so make a decision that you think is more realistic than purely riding with the FOMO.

Well valuing $19,200?i think if there are some dump this will because others are selling specially those who had been trapped since 2018.

Or maybe there is a correction coming but of course that would be for short period before the price skyrocket.

It's a little tricky to predict about the current streak of the market BTC's rally moving forward parabolic maybe this time we will see totally different move as compare with 2017/2018. This time it rising much stronger with real demand and backed by smart money yet retail fomo is not get started yet. So that we have to be careful before taking any action.

Currently there are no indications that agreed on that, the market has taken another new dimension which we have never seen before, for those compering this bullish to that of 2017 should reconsider the institutional investment that have been flowing cash int Bitcoin. No doubt about Bitcoin price correction while we journey into the promise land but outright dump is what we can't envisage right now.

You are not right. Any uncertainty is harmful to the economy, now the situation is as uncertain as possible. Plus, if someone's victory is ahead of us, then the other (almost half of the inhabitants) will be disappointed. Perhaps we will again see spontaneous uprisings and the destruction of neighborhoods/cities - all this also harms the economy.

This current move is not a massive dump, it remains to be seen if we are actually still bullish.    We have a range bound market thats out of trend for the moment, I can see it rising back to 18k before we'll even know properly.
  A good outline range to call for positive or negative action would be with a top about 17200 and bottom closing about 16500 so if we break this range its some good sign of movement towards positive or negative action further.   I do think 18k would be important as part of the prior trend, so for now I dont expect that to be exceeded.   I'm told BTC remains quite resilient despite the sell and I guess also we have 15.7k for a monthly price; me personally I was always looking for 50 day and 200 day check even and I will always take that as quite normal occurrence along the path BTC takes which is a wide road past and present.

I don't consider it as a dump too, it's just normal since it continuously increasing it's price for the last few months or days. There is still chance that the price will reach a higher amount after some get some profit in their accounts, there is still some chance of another bullish before these year ends.

I don't think it's possible to happen right now since rally was ongoing, maybe after altcoins will show off it's glory after long period of hibernation. Hopefully, what happened last 2017 would be different right now, because many traders didn't expect that huge dump particular on those ICO projects that went so disappointing for two years many investors have been scammed.

Consider those early holders who are now cashing out, they will affect the market but with that action there are also new investors or investors who believes that the market will bounce back, they are ready to buy those cheap coins. The good sign that there's no major dumped to take place.

Seems that it will be back to the cycle and that particular fall are again showing a good sign of buy back. Always need to do a deeper  analysis before doing anything, be furious not to fall with your emotions.

It is not just one event that is pushing the price, there are several factors and whenever there is a bull run you will hear and see many articles about how big companies are investing in bitcoin and these are nothing but to sell the article and obtained through public documentations available. Right now we had a correction and you will see many articles explaining why it crashed but it might not have nothing to do with the reality.
We will see minor corrections every now and then and understand the market trends and trade accordingly rather than thinking that there would be a massive dump. Even if there is one the bitcoin market will recover.

2k dollars is small compared to 17k dollars so even me im thinking twice if i call the drop a dump but calling it as a correction sounds not harsh to me, maybe what happen is only a correction , what do you guys think ? and yes correction happens normally after every bull that a coin got .


 if people thinks they are in profit they will start selling and the price will decrease again but if these people will buy again after that , that can trigger an increase .

This is the statistics of the Bitcoin price from the beginning to now and this year it already hit $19k. Now it made a correction. Afterwards the market has huge potential to grow again at the end of the year. Because institutional investors already involved with cryptocurrency and some of them already make them gainer. Hopefully they will back again with full swing. Then we can expect a huge pump from Bitcoin. I don't think so there will be a dump.

Whenever there is a dump signifies the power of the selling market be stronger than the power of the buying or holdings. Basically those who where trapped in 2018 will definitely like to take their profit before any other advances toward this recent market. The correction which many thought to be a dump actually took place and this was for the purpose of Bitcoin to be corrected for further price rising.

We forget again that this was the 1st parabolic rise in Bitcoin chart so the correction was just the beginning of the dump in my opinion. The fuel is no more, the investors took their profits and the bears is about to take over the markets again. This is how I personally see this rally of Bitcoin and I'm kinda upset about it because it might hurt a lot of the new ones or those who bought at 19k$ thinking that it will sky rocket to 32k$ ( like most of you here told them ). Bitcoin will rise a lot but 2020 is not the year.

Bitcoin is again pumping today and many will fomo again but this time it will go upto 18300$ and then dump from there to the level of 15800$. If the bitcoin will follow this pattern, it will form a lower high which is another bearish sign. Bitcoin will skyrocket to all time in January 2021, but first it might test some low support level.

It's a rotation. Bitcoin comes up today, it will go down tomorrow. That's the cycle that we used to see and it will never change. But bitcoin's going up was better and much more than the dump that we had. Are we profit? definitely and selling isn't really required for those who wants a higher price. But you take profits when it's necessary and you don't want to miss that moment because we'll never know how long or when it'll recover but it definitely will.

People are really mistaking "massive" and "correction" and that is really funny to me. We have moved literally 100% higher in few months and you think just 10% fall would really destroy all of this? There is no way that this could be something called massive. Let me tell you what massive is, last time bitcoin hit $20k, it dropped as much as $3k at the bottom which is really a "massive" dump, that is what you should be focusing on when you are talking about it.

However when you are talking about just a 10% fall, that is not a massive dump, it is just a correction and there is really no need to get afraid of whats going to happen, you could potentially just focus on the future and do not worry about the current situation because we are not going to suddenly see a big fall again.

You are correct but that how people think here, at least some of them.

The thing is, they try to exaggerate everything, when the price rise, they hype it, and when they price fall they try to stir panic to people that's why our market is very volatile, and that is cause by investors coming in with lack of knowledge and experience on how crypto market moves.

Many people forget to check relative numbers. Now a $ 1,000 move is just a 5% fluctuation - common and one might say insignificant for such a high-volatility asset as bitcoin. But people still remember the times when bitcoin could be bought for $ 1000, so for them such movements are still significant.

Bitcoin price is still stuck on strong support, currently there is still no sign that Bitcoin will experience a massive dump,
but we have to prepare for this scenario before it comes, I myself still hope $ 20k is reached.

because the expensive Bitcoin price makes the increase and decrease of $ 1000 only have small fluctuations,
of course this makes people think that the volatility in bitcoin is very high, even though 5% is still reasonable,
and it happened because of a correction a few days ago.

I think it will not anymore come, we have past that situation already, unless the market will underdog a big correction and panic will happen all around. Bitcoin will live and will continue to prosper, so anything that is cause by a panic is considered an opportunity as definitely we will see a dip of price.

I don't wanna talk about dumping now mate because after the Bull last November Market down fall starts and bring Bitcoin price to lowering up down to 15k again.

And now that we are having a great time as the New ATH is being Design,let us not pause for dumping talks instead look for what will be the Recorded ATH from this point onwards the end of year or even in the next year.

But DUmp?this will happen but not Bad as what 2018 brings that's one thing for sure.

They have possibility that the price of the bitcoin will collapse or massive dump if the most of the people are start selling their coins which is cost a negative impact to the bitcoin price.

In 2018 the massive big dump happen to that year and I hope in the year 2021 it will not happen of what happened in the bitcoin which is dumping because the year 2021 is the rising again of the cryptocurrency.

There is another point that should be taken into account - this is the media. In fact, they don't give a damn about the essence of the news, they are only interested in giving out hot news. Therefore, instead of the usual message "today bitcoin rose/fell by 3 percent" they write "sensation! A sharp increase/decrease in the price of bitcoin by $ 1000!"

We cannot actually predict when it will happen since BTC is volatile in terms of the value itself. As of now, the price of bitcoin slowly rising up and we are hoping that it will reach $25k before the year ends. It is possible to happen since the price already reached $22k, which is near to happen. Maybe that can happen just like what you said if there are lots of people who are holding lots of bitcoin already sell it, especially those whales, it can give a lot of impact on the price of bitcoin.

Once everyone has finally given up on the possibility of a crash, once all the bears have bought back and all the bulls have gone long......that's when the crash will come.

The higher time frames are showing dollar volume extremes bigger than in June 2019, the highest since December 2017. Meanwhile, lower time frames like the 4-hour are showing potential bearish momentum and volume divergence. And swap funding rates on Binance and Bitmex have been at 0.05-0.1% the last few days, quite greedy. Shorts on Bitfinex are at their lowest levels since 2016 too.

We're getting there. ;)

Maybe, but I wouldn't bet on it. This looks impulsive to me.

I also think Bitcoin's underlying supply dynamics make the Wave B bull trap unlikely. Too many coins are transparently being accumulated by institutions and services like Square, and on-chain metrics show old coins are being distributed.
https://insights.glassnode.com/long-term-holders-selling-btc-bullish-signal/

The context is extremely bullish.

I think not, because the true bullish trend has not yet arrived, according to Wyckoff's theory as I have seen my analysis there is still a lot to come, many investors have bought at the prices of $ 20k, which means that they are not going to buy to earn little, they always buy low to sell high.

So it means that these investors are seeing Bitcoin will grow from what it has today. I'm not supposed to believe these but that something we need to find out how these words will play in this volatile market coz I know how influential are they.
$25k, $50k, and possibly $100k as many say's. Even though they are having such a statement, we are still being cautious in our actions because not all have come into reality.

We didn't eve expect for the price to reach out 24k and that's why we shouldn't really expect nor hope too much on what would happen in talks of future prices.
Some did even hope or presume that price might cling up up to 300k to 1M which it isn't really realistic at all and I don't know on why the hell they do came out
into these kind of speculation where it do turns out that they do look too much positivity towards bitcoin.It isn't bad though but it is stressful into your part
when you do saw that the price isn't really going on that way.When it comes to dumps or corrections then it anytime can happen that's why you should be
wise on when to take profits.

I see it just like you. We are in the beginning of the real bull run that gets straight up on the charts. The bull run when you wake up every single day and the price is higher.

This is still a lazy bull run with a lot of selloffs. People are afraid every next level is going to be the end so they sell and buy back 2 days later because they see it doesn't want to go much lower. In a real bull run they're going to be euphoric and talking about the things they'll buy with all the profits. You need that euphoria first to have a depression later ;)

Bit of a sell into the Japanese main market open hours, back to support levels which could be taken positively.

https://talkimg.com/images/2023/06/12/A101f.png

Any idea of massive sell requires multiple levels and continued failure to maintain momentum which hasnt really happened so far, when BTC faltered its recovered on the next open when new buyers come in willing to hold.

If you are wanting the bigger sell then it really needs dollar strength which is not apparent.   July first slipped away and started this ski slope down and money leaves dollar standard to alternate value holds and tradable assets such as BTC

Dumps can indeed occur in bitcoin, remember bitcoin has become famous for its volatility,
so massive dumps can happen at any time, strategies, emotions, and analysis techniques must always be used,
maybe the end of this year will be very volatile, you must always monitor it.

I have been around for a while in the cryptocurrency sector. From what I have seen, the prices crash when we are least expecting it. And most of the time, these crashes occur when some of the governments take any anti-cryptocurrency measure. For example, the crash of 2013 December, and many others which followed it were attributed to Bitcoin trading ban from China. The same can happen once more, if a negative news comes out from China or any of the larger markets. And I have a feeling that this time either the IRS or the FinCen will be causing the crash, rather than China.

Well isn't this the one million dollar question everyone is eager to here the answer to :D  consider what happen back in 2017-18 i know every bitcoinist is anxious and waiting to see what will happen, like someone mentioned above, the bull run pattern of this year is very different from 2017 and not to mention btc have since then gain more recognition in the mainstream media than before, there are lot of big company names involve in btc now than what we have in previous bull run, the acceptance is more vast than what it use to be, so will be the price sustainability hopefully, thus in my opinion, there will be corrections but it may not be as serious as that of previous bull run.

That means not less than $10,000 because it's a 5(x)... If my assumption is correct then I agree with you, it will not drop below $10k even if the market will correct but I believe it will drop at least $20,000 then bitcoin will start to rise again.

Bonjour pour ma part je pense bien que le bitcoin franchira prochainement le 31k$ avant de retomber un peu pour allez vers les 50k€ En fin d année 2021

At the moment every single day sees new all-time-highs for Bitcoin. The question is now how high can it go? And, will it be enough to drag up the price of major crypto alt coins riding on the coat tails of Bitcoin's success?