Bitcoin Forum

this is not a fud and its not intended to scare anyone or make you dump if you cant hold especially the newbies and paper hands. just to get you prepared ahead of it. lets hope we dont go lower than that else we might take much longer in this dip.

No one even scared, we will buy more if bitcoin drop to $44,000. Those who scared only for weak hands, but not for us. You don't know how many people hope bitcoin to drop , so they can buy bitcoin with cheap price

Let the big boys do what they gotta do. I believe we are all aware of how these things are going. So, if you think you need to short it, go ahead and do it, but if you're here for the long haul, you know what to do. During the decline phase we have strong buy signals for long position. This is the situation where you can profit if you are smart enough.

every bitcoin dip is a great opportunity to buy more. i have already set my order at different price based on my chart analysis i hope it gets filled and i wait patiently for profit taking.

You can take a random price and make many topics, can't you?

If your prediction is based on something, please give us those details and we can have more basements to believe in your prediction. If you don't want to give us details, please don't make fudding topic like this one. It is non sense.

Was that a typo?

Did you mean to say 54k?

https://i.imgur.com/ENOr43M.png (https://t.me/archnomicschannel/3185)

For me, Around $40,000 - $44,000 is the strong support for Bitcoin now.
But if you take a look now, Bitcoin is back again above $50,000. $44,000 is really near, especially if will close again today in below $50,000. There could be a very huge chance Bitcoin will visit again the $44,000 area. But if ever we will visit that area, I am looking forward for Bitcoin to see the $53,000 - $55,000 first.

Yes that $41K area is very strong support. I remember people were wanting to buy BTC at the prior ATH but it never touched and basically everybody got front-run. So if the price actually does go back to that area it should defaintely hold and be a great place to start a long. The problem will be if that area doesn't hold. Because it looks like $50K support might of been broken which was created last month and if $40-41K doesn't hold then its safe to say that $65K was the top. At least the local top.

This is similar to what happened back in 2018. People kept buying all these old support levels, and none of them held and it wasn't until later we realized, that $20K was the top and to stop buying at these dips because they weren't dips. So if this keeps happening to BTC in the next coming weeks then its safe to say the bear market has started.

it will not go deeper like what you're thinking.. Infact it always make a strong support and after that will bump its price again like what always happened , maybe not now but for sure soon or later it will happen again.
Why you all scared? If i were you keep your bitcoin and take a break or a vacation, because its not good for you to monitor the prices on this situation., perhaps a good idea since its not yet the end of bitcoin.?

Just wondering, are the so called institutional investors still buying the dip as it was early reported that all the dip became entering points of institutional investors. If that's not the case then it would be safe to conclude but at the moment I strongly think we're still bullish. This is just a setback that would soon be forgotten. In this bull cycle $65k can't be the top. There's too much going on that the market will just start retracing all the way down now.

There's a big difference between this bull market and the previous used for the comparison. This market has support of institutional investors and they can pump in millions of dollars at any moment to support the market. Don't think they'll let their investment go down the drain, they have all invested millions already into the market.

Nothing is guaranteed in Bitcoin market and the market is always surprising us. If the market is predictable, who will be winners and who will be losers.

$40,000 to $44,000 is well support but if Bitcoin loses that one, it will be fallen to $32,000. I don't anything bad if Bitcoin falls to $32,000. It will be a start of something higher than $64,000.

Dumps are necessary for pumps. Pumps are mandatory for dumps.

We did get as as low as $47k, but after that bitcoin has bounce back very nicely, now hitting above $52k. So it's good that we didn't get to $44k, anyways, if we did then there is that another perfect opportunity to buy in the dip.

It seems that institutions are going to keep on stacking up on bitcoins. So it's really a lost of selling it right now, as you are just giving it to this big companies and whales with high leverage at a discount. Better be just a holder and not panic. Sooner or later the price will bounce to $60k or more or even a new all time high.

That's his opinion, yeah, who wouldn't think that we are going to $44k, yesterday if I'm not mistaken, we see the price plummeted to $47k so obviously, the OP thinks that the price fall will continue to $44k.

But in less than 24 hours, the price goes up, very big jump from lowest of $47k to now at $53k and counting. So that's crypto volatility for us. When we think that the price will slid back even further, it goes on the opposite direction.

I actually thought we will see that figures but seems bitcoin got a fast recovery since for now it rising up again, maybe the fuds surrounds is already over since maybe we can see the price hit up again at 60k+, But I be more careful right now on scalping it since we don't know yet if this current recovery is consistent.

Lets just see how the situation goes in the market today.

Speculations are OK, but sentences that start with "I think we will see bitcoin at $xx" really don't make sense, because they are obviously based on someone's personal feeling. Just a few days ago one member wrote “Bitcoin will never go below $50 000 again”, and within a few days he realized how wrong he was - never say never.


This is exactly FUD, because you give no reason for your claim - and in addition the price of BTC has risen slightly less than 8% in the last 24 hours. In the long run, even much less than that $44K doesn't mean anything serious - the difference in price in one day can very easily be $10k or even more.

maybe bitcoin will return to $44k but today bitcoin will rebound back to $53k. I think in the next few days there is still a potential for bitcoin to crash again if there is bad news like last week, I'm currently also hoping bitcoin will crash again so I can buy everything coin at a discount before it returns to bullish
the most important thing is to keep watching the market take all opportunities to get bigger profits  ;D

You never showed us an chart to back the claim of $44k. You need that because this season is not like the old season that after the ATH in December of 2017, price never went up again but to continuously drop until getting to below 4,000 dollars. Now we have so many capable hands that have invested heavily, they will guide there investment for gains. Have you not wondered how many times price have touched $60k this year? That is because the whales are watching closely  ;D

I see you were right (assuming a typo).

We did hit $54k.

and believe me the price of 54K is not the final price of bitcoin at this time, in the current market conditions that are starting to improve now, of course, bitcoin will continue to be able to penetrate the ATH price for some time to come and we can see how bitcoin has been able to do this so far, I myself predict if bitcoin is able break the price of $ 65k then by the end of the year we can see if there will be a new record high price for bitcoin which is $ 100K.

Already people here are fully aware how to secure their holding hence I guess there is no need of creating this kind of topics because it is definitely making people afraid on what is next going to happen in bitcoin markets. Overall this kind of topics are simply spreading FUD and nothing else. Fortunately today we are having a recovery phase in bitcoin markets which must be the consoling thing for most people here.

Honestly I'm not expecting bitcoin to be reaching any more lower low here after. It may continue its recovery toward a new ATH but most probably we might be having that by end of this month and until then we might be having sideways movement for time being.

There is virtually no need for the alarm since bitcoin is on the steady rise at the moment. It's currently bullish
as investors and intended invrstors are holding up positions not selling out their coin for any reason. I think its time to buy more coin so as to join the big league of cash out coming up soonest. We still maintain our Speculation of $100k soonest

Yeah, I wish this alarming to remain invalid forever; the good thing is bitcoin community got chances to understand the real potential of bitcoins for one more time and right now we are moving markets again toward a new ATH probably. I like to speculate in a way that we are not going to see below $45k any more but that doesn't mean that we are going to see below $50k but I am also expecting market to remain in sideways for the remaining days of this April month.

$100k seems within reach after today's pull back. What I am looking for is, bitcoin should stay above the 18 week moving average line so that we could be sure about continuation of the current recovery which is very important for new ATH and then $100k levels.

It's just a speculation and like I said not to cause a fud. I am more interested in bitcoin high price than low price. But if any opportunities present itself to buy it cheaper I think we should watch out for that.

Bitcoin strong support at $ 48,000 and proved very strong, yesterday the price of bitcoin fell to below $ 48k but a bounce occurred, making $ 47k a wick of course, this is proof that bitcoin will not be below $ 48k anymore, and now the price of Bitcoin has risen 8% above. $ 53k, good start to continue the bullish trend, remember we are in a bullish season, so don't expect the dump to happen again.

I think it is not a typo, he really stated his prediction about the possibility of a big dump for Bitcoin price to go $44K in the near future. But unfortunately, he stated it without any proof. So, I think we don't need to be worried because no sign of the Bitcoin price falling significantly as he stated. Instead, the price of Bitcoin is going to move above $54K as you said above.

On the contrary, we might see bitcoin at $54k sooner.

When we thought that we are in the bear market already, pulling the price as low as $47k and everyone is not feeling good about the price and a lot of threads predicting a looming bearish trend, bitcoin has one of it's fastest recovery in less than 24 hours. So instead of another dip to $44k, the price when on a upturn of ~$7k. And we have just started this week, so instead of $44k, sooner it will be $64k.

I'd welcome it even, every dip is an opportunity after all. I'm starting to buy BTC again after I sold in the last pump, and I've been waiting for dips like this since forever for quite some time now. Besides, if we ever hit that low, it doesn't mean that it'd go down permanently. I reckon it's just a correction and heck, it didn't even go down by much, it just went up again.
It is at $54k right now. Hell I'm pretty sure BTC going below $50k shouldn't be considered the entry to bear market. It's still considerably high considering the price 3,4 months back.

Whatever is OP's concern but right now bitcoin market is doing awesome; yeah it is trading near $55k levels which must be the short term resistance hence we may come back to $53 again before leaping toward $60k levels. I am also seeing very very less possibilities for bitcoin market to break $50k- $48k levels here after as market is doing perfect on upside with good volume.

We may see resistance around $55k levels goes insignificant when there will be enough buying pressure. So, straight away testing $60k levels today or tomorrow also highly possible by how market is looking on right now.

after 2 days quite the opposite happening and it's instead recovering back to $54K, trust me many people are actually awaiting for the bearish and trying to buy back after panic selling but turns out it goes the opposite of their expectation and if you see the rumour that was recently proven wrong by elon regarding tesla dumping the coin this time around, it could instead make bitcoin go up to ATH again after most of people hears the news regarding the baseless fud that contribute to the dumping of bitcoin and if the tax that's gonna enforced to cryptocurrency investment being cancelled it's definitely gonna create bullrun again so don't be too pessimistic since bitcoin still has so many chances to pump again, let the people with weak hands cashing out while hodlers always win.

So, what are the purpose of this thread again?
Not to create FUD or scare someone?
IMHO, your prediction is pointless, baseless, and not believable. Not unless you have supported your views with some factual analysis.
Picking a random number to predict Btc's price doesn't contribute to anything especially in this community.

Look at Btc's price  (https://coinmarketcap.com)

The thread was created when btc was down in price and many people have different opinion on how low the price may go, the @op already said the post is not to scare anyone but just to give a heads up of a possible scenerio what to expect, it seems the pressure to go up is way more than the pressure to go down, right now price has regain much since when the post was made, so there is no need to panic,
Once there is a little correction in price, post like this often come up especially from those who are not use to seeing the market in the dip, it is normal.

Well, I'd like to see that one but it turns out to be $54k right now. I felt sad for those who panic and sell their coins believing it will gonna fall down drastically but it turns out not. Bitcoin moves in the opposite way and currently running up once again to break its current ATH those who buy at the current dip will certainly enjoy their rewards and those who sell will are now making regrets. The cycle was still not yet over large institutions are not yet taking profit I believed they will push it further so for now don't worry about the bear cycle.

do not worry because the price will not fall below $44,000, first notice why exactly the price reached $60,000? it was because of paypal and Elon Musk, these days the price started to fall because he was unable to break the resistance, whenever that happens the price falls until he finds a strong support, with the news from elon musk the price increased again to $55000. this shows that now and in the future we will not see prices below $44000 because there are few people selling and there are very rich people serving as great influencers for bitcoin


actually not always a big price drop is due to panic, many people want to take advantage of profits they have already made so they sell and then wait to buy lower

You really should read the definition of FUD.

https://psychology.wikia.org/wiki/Fear,_uncertainty_and_doubt

Yeah, hopefully bitcoin will not fall back below $50,000 levels anymore as there are enough entities are backing bitcoin by their continuous buying and other influencing activities. When bitcoin was unable to break the resistance around $65k levels, most people started speculating about getting back to below $50k levels and there were few incidents which coincided along the way.

But, bitcoin once again proved its potential by quickly bouncing back from that correction and right now it is trading near $55k levels and I believe this time it could easily break those resistance levels around $65k and will continue its rally toward $100.

^{(in this thread you are free to make your own price predictions and it will be very rare that other think you are spreading fud)} everyone in Bitcoin must definitely prepare for the dip market, i was always preparing for a big price dip and promised myself to keep hodl my coins.  being "weak hand" will only make you lose everything.

We can't really say it was all because of paypal and Elon Musk. There was a few other things like many institutional companies buying into bitcoin, and many regular folk getting interested in crypto as well, even from the grocery store clerk to barber everyone I have seen got interested in crypto, that wasn't a thing a year ago. I agree that tesla and paypal definitely played a role, but that doesn't mean they were the only ones.

I can't say that we will never be under 44k ever again, with a huge enough crash with panic sellers and stop loss broken etc etc there is still a chance, however I do agree that it is a small chance and it will probably not happen unless a major bad news comes out. This is why I am feeling comfortable right now, even if it drops under 44k I would still be in profit so it is understandable that some people who bought at 60k might feel scared, but I am feeling fine.

Majority are here waiting for a major correction so that they could purchase again and many missed investing just before the rally because of the pandemic as they were not able to allocate money at the right time and hence i know i am looking forward for a major correction so that i can invest again and then i do not mind holding for the next few years until the next rally begins.

I am not those people who wait for the major correction. I think if you want to buy, you don't need to wait for a major correction. You can buy in any correction, then just plan for the short time to sell again. It is the bullish season, not a proper time to buy for the long term. Buying a coin for long-term investment is better in the bearish season.

Indeed, seeing bitcoin price movement especially from technical analyst side there is a sign for bitcoin fall below $50.000. Especially when you see on the candle monthly time frame that this monthly candle will be formed as a red candle. Techincally it is a called as hanging man candle that will give downtrend signal.

Also, the other technical analyst says there is a chance for bitcoin price form an AB CD pattern. The AB pattern has been formed and the C pattern should be a correction ans after the C pattern has formed then we will see a huge increase from that and the target will be $100.000.

And look where BTC prices are right now.

Look, the dump below $50k was pure panic. There was no rational justification as to why that dump even happened in the first place.

The rebound was as swift as the pump (if not more so). It just shows how strong institutional demand right now is. People are ready to buy any cheap coins that are available, even when prices drop by $1k or $2k. There aren't going to be the weak hands that drove prices down due to panic dumps in previous bull markets anymore in this rally.

Well, $44k is not far from the current price, so I could say that we can't disclose such possibility in the coming days as we know that not all the times we are in the bullish market, dumps are inevitable and that could soon come in no specific time. But I didn't think it badly nor I have to worry, instead, I'll be preparing for it as that will be a chance to buy more in anticipation of the next Bullrun.

Well, I understand how anxious you feel when the price of bitcoin drops below $ 50k, so many people think that the decline will continue. however, now the bitcoin price is back above $ 50k, and I think, the price will continue to go up to reach $ 60k. I don't think we will see bitcoin prices below $ 44k for a while.

Although any scenario is very possible in Bitcoin, I think that for now I do not think that we will see Bitcoin at $ 44k, Brandt is convinced that this is the case and his prediction of a 35% correction is fulfilled, but seeing it from the point of view that Elon Musk has already clarified that he has not sold any of his BTC and that institutional investment has more confidence in bitcoin they have joined the market, in this case there is NEXON, one of the giants in South Korea who have bought $ 100M in BTC:


https://i.imgur.com/hVYXkd8.png

Source: https://u.today/south-korean-gaming-giant-nexon-snaps-up-100-million-worth-of-bitcoin (https://u.today/south-korean-gaming-giant-nexon-snaps-up-100-million-worth-of-bitcoin)

I have always liked to maintain a good posture in the face of market eventualities, in this case being impartial, but seeing an investment of this style is very likely to cause more confidence and generate more demand in the market.

The sudden price dropped of bitcoins price from the current ATH of $66k dropped to as low as $50k was trully alarming and I bet every bitcoin hodler was been surprised by what happen and are planning to the next wise and careful step to be able to gain a profit.

It only shows how volatile bitcoin was and how it hard to hodl bitcoin at the same time even though the thought of having bitcoin was more than lucky enough but the thought that holding doesn't justify the possible profit that you can earn because time to time the value varies consistently.

Its not alarming when its risen so much its quite normal.  I thought 40k was fair target so it wasnt as bearish as it could be, I dont think it can be called negative especially.   It can pullback in future but for now the price is on the 2 day average (https://talkimg.com/images/2023/06/12/AV3Ng.png) and appears like it will keep going till at least 50 day average is achieved.   Just staying above 53k today which is weekly average is going to qualify price action as continuing positively.

Well we can't really tell if bitcoin will not go to $50k, remember this thread? Bitcoin will never go below $50,000 again (https://bitcointalk.org/index.php?topic=5330600.0), after that thread was open, the price suddenly went below $50k.

So we can't really say for certain until the price hits $100k in the future. At least we have enough buffer for the price to not hit $40k-$50k. But for now, we are still close to that price and any -10%-20% decline, we will obviously hit that price.

I also waiting for that fall, as I see that there are people around who bashing it out and trying to shake
around, they are good as they've got those weak holders to realease their asset.

Market is bouncing back and might trying to reached back the $60K level, taking the long term Bitcoin still
on it's best buy level..

I would love to see BtcUsd (https://de.tradingview.com/symbols/BTCUSD/) down at 44k or even lower! This would be a great discount to get some more satoshis in my wallet. Them dudes need some company for the big party at 100k :D

I've been waiting for it to pullback big to say 20k this whole year.   It has pulled back drastically at times to be fair and then its risen right back anyway.   This last fall was the most serious breaking 50 day for the first time this year is not small and suggests to me 200 day also must be met as its the most referenced TA recognized and used globally.  This does give me pause to think selling phase or doubts by speculators etc. is not over, the fat lady aint sung just yet.
   Yet the correct view to have right now is respect the market, dont stand in the way of a Mack truck as if it wants to get 70k 80k whatever multiple I could believe 100k or over if it wants then its going to get that and yet I still think a harsh test or consolidation of volume will occur because its needed and because the shake out helps strengthen prices so its not even a negative thing to call out; just dont stand in the way seems to be the best advice as these are all epic moves occurring.

We are dealing with a speculation market so every price prediction is welcome even if it causes fud in the market, the fud won't last long cause a lot of whales and institutional investors will seize it to buy the dip.
Meanwhile, the OP really tried though the market doesn't dump to the $44K predicted.

We did not reached this price when bitcoin was going down in price in a dramatic fashion and the price recovered relatively quickly, I agree that this could have been a form of manipulation but as long as you are still holding your coins I do not really think it matters that much, this happens during all bull runs, the bears are trying to scare people away and the whales are willing to play along as this allows them to load even more coins before the price keeps going up.

But right now, bitcoin is facing slight downfall from today's high of $57.7 and trading below $55k as of now. Not sure why bitcoin is missing the power to break the resistance levels around $59 to $60k levels which still firmly holding and due to that, bitcoin market is trading too stagnant in last 2 to 3 weeks. So far $52k levels are super strongly holding bitcoins as support levels and as long as those levels hold then we do not need to think about anything below $47k levels (which was the recent low).

But lets not cross out the probabilities for those things to happen specially if there are some news that do pop out from nowhere which is on negative which will really create that fuss
and will result into dump of price.Everything cant really be predicted and  also 44k isnt really too far off and considered to be one of the strongest supports too but
lets talk first into other supports as well which had been holding strong after several tries for the price to bottom out or does try to break it.
Therefore, it would be better if you do mind off on how to play with these moving prices.

There is a logical justification for that dump, Elon Musk and his company holding billions of dollars worth of Bitcoin booked their profit around that time and liquidated around $272 million which is a huge amount of money and that is more than enough to take the market down.
Fortunately the buy wall started building up once the market went down and so is the reason we saw a swift recovery. The market has grown and you cannot call every dump as weak hands shaking off but smart whales booking their profit as well and then plan on entering the market again.

 

I can understand that this is a condition where there is a lot of doubt among trader in the market after the recent ups and downs. In my opinion, this is a condition where the bitcoin price is looking for new price movement so trader need to be careful in condition like this because price can still undergo correction if the resistance can't be broken. It is quite difficult to know where the next price movement will go if the market is in a sydways condition and everyone may have to be prepared for a correction that might occur.

Exactly. We've seen so many bear markets. What's the worst thing that can happen?

If it doesn't go below 40 thousand it's still bull market. Who buys there will at least have a chance to sell at 50 thousand if not higher or hold, that's if we don't reach a new ATH this year.
If it drops below we'll enter a longer bear market. Maybe a few months. maybe a year, but the lowest we'll go will be the old ATH of 20 thousand which shouldn't scare any long time holder and the next bull market will take us above 100 thousand for sure.

Already heard that speculations last month, and we're close to that but never happened actually. However, there's still chances that were going to see it once price of btc will saturate again just like the past months. It's not that easy to see bitcoin soars greatly, because it also pulled back down by other coins, particularly with eth and other following coins that kept on rising and performing very well.
Right now we need to be smart enough to handle our decision, because if we're to green for money only one mistake will tend your lose more digit of coins.

Not scared at all as I know it's possible to happen.

If we based on the past, it could dump lower than $44k.
AFAIR, bitcoin hit $20k and then dump to $3k.. so from $60k now, it's possible that bitcoin will dump $10k or below.

it's very unpredictable but one thing is predictable is that whenever it will dump, bitcoin always recover and eventually will create a new ATH again.

Maybe the best ideal decision to do if the market is volatile is to be patience to see how the market goes since if traders will rush things and enter on unknown space maybe they will left bag holding then crazily shaking when seeing the market is on red. Although its quite difficult to know the next price movement but its better to see the chart to see the price actions since it will give us a hint ok what will happen in next following days.

we are in the world of cryptocurrency Mate! Anything could happen, PUMP? DUMP?
yes everything can happen in one click, it sounds scary, but that's the reality, don't be tempted by a high pump, because that is a signal to sell.
if it does dump to $ 44k, that's fine, why? because the correction in the big TF must occur

My negative scenario (https://talkimg.com/images/2023/06/12/AVZn9.png) seems to be playing out, not that my own opinion matters I just try to draw on what Ive observed previously so seems we are repeating ourselves within something of a box.   Every TA scenario is just a range of probability, seems the weight or path of least resistance lies with us moving downwards for now at least.   Need to keep looking but the full range fits this OP topic of rough price check for BTC, I really dont know why exactly just profit taking would be enough and that is part of acknowledging froth in price movement.   

The worlds richest man just described crypto as a hustle on tv.  I know people will say whats got to do with BTC he was referring to Doge, its associative and not helpful imo.  Doubts are normal and will occur anyhow, I just took that moment as a significant marker

well today the price has dropped a lot and it’s at $48,000, but even with this news that Tesla has stopped accepting bitcoin as a means of payment because of concerns about the environment (I know Is a big joke because they already knew everything before buying bitcoin) and caused the price to drop to $48,000, but from what I see I got it right when I say that the price of bitcoin did not fall below $40,000, and it is impossible for that to happen, the support that is in the $42,000 is unbreakable.

the reason Elon, Tesla does not accept Bitcoin anymore for environmental reasons is just his trick...

he once replied to Jack Dorsey's tweet about Bitcoin not affecting the environment, but why now is turning around. I agree that the $ 42k threshold will be hard to breakthrough.

to anyone please don't make Elon musk your market analysis.

bitcoin really need to find new support level on this situation., because what a massive dump in just days? and to be honest its now seems still not in a good condition below 50k. For sure theres a panic selling thats happening right now in the market.. If this becomes more worse it will keep decreasing and even 44k isn't enough in my personal opinion. Because just imagine in just days it plunges so hard...

And if that was to happen then it will be good news for us individual investor because we have bitcoin at a cheap price and hodl it until it inevitably goes back higher than the last time it did and enjoy grandiose profits.

In fact, today we have seen the market undergo a correction and panic engulfs traders. As I mentioned earlier, sydways are conditions where trader must be prepared for price movement that may experience a correction. The panic has caused bitcoin to trade below $50K for some time.

It is almost certain that if market conditions are experiencing sydways, usually there will be a correction. I have noticed it on several occasion. The monthly candle stick shows that during April and May 2021 bitcoin price has decreased and now we have 2 red candle after ATH at $64K formed. What's next?

I know how it feels to see this kind of massive dump in just a short time it feels like we are in early 2018 when after the ATH of Bitcoin it suddenly dump slowly that everyone almost think it's the end of Bitcoin era yet we are still here now. Weak hands people are usually dumping because they think this is the end and we can't just say this is all about weak-hands people but there are traders too who trade to make some profit.

We still don't know what the bottom of this but this $49k is quite strong as a support these days. Bitcoin seems to have a hard time to break the $60k resistance then suddenly Elon Musk tweet reflected a lot on the market. We can't blame him for that but it's just so lame to make an excuses like this like they don't know where their energy for Tesla coming from. lol

My strong reason is that bitcoin is corrected with the shocking news from Elon Musk that the tweet could make the market worse and I think this is temporary and won't go below $40k. That's right, you say.
Sometimes I also always look at some saying from people who are simpler in dealing with this and remember that Elon Musk can change the market but of course if we don't panic this will not happen especially in novice investors who now depend a lot on Elon musk.
Now that Tesla has stopped accepting bitcoins, it's just a momentary direction and we will see bitcoin recover.

During a few minutes the price reached 46k however I am not worried about this, it seems this happened because people got scared that Elon Musk seems to be reversing course when it comes to bitcoin, however to me this seems to be a maneuver to obtain more coins for a cheap price.

After all I doubt Musk is as dumb to just invest in the best asset of the world that gave him more profits than his car selling business and he is going to decide to sell now, he is just manipulating the market and newbies are falling right into his hands.

Are you a long term holder?
I feel that only long-term holder never care about price correction while other traders experience panic. Panic selling lasted a while and today it seem that many of them are selling at lower price. Personally, I will not survive in a market experiencing a correction beyond my limits. CL is one of the methods I usually use.

It is unfortunate to see the price falling under $50k, I hoped it will consolidate over that barrier but it dropped twice so far. However it is a good opportunity to invest. Barely all coins dropped by 10%, Musk indirectly affected it with his blind followers.
Now $44k is possible, yet the price will rise again sooner or later.

My target 1 is of $42k and target 2 is at $36k, after which if the fall continues like a freefall, then it may reach $20k as predicted by one of my friends and that's just because the liquidity being eaten up by the selling pressure that caught fire through a spark by Elon Musk and Tesla. And not just that, even ETH saw a huge dip not just following BTC alone but for the fact that Vitalik dumped all of his SHIB tokens (50% of total SHIB tokens supply was gifted to Vitalik) which made the price fell down to under half of its high. So I believe that the traders are in huge fear that if he'd do that with all the meme coins (I believe he was also involved in AKITA and PIG), then what if he comes up with all his ETH and starts dumping on the markets? What will be its impact? I know he's not stupid to do that, but that what everyone may be thinking right now.

you are almost correct because yesterday bitcoin almost fell for that price.

in 24 hours duration bitcoin drops to almost 44,000$
24h Low / 24h High   
$46,980.02 /$54,754.18

I think that is the bottomline before Hitting ATH one more time this quarter.

20k is a bearish prediction for the end of the bear market if it comes to it.

Price usually touches somewhere around the last ATH, so for us to go to 20 thousand we'd need many months of bear and before that we'd need a 50% drop followed by a dead cat bounce so something like your 36000 followed by a recovery back to 50 and a deeper drop to 30? If you see something like that we won't go to 100 thousand before 2023 ;)


I didn't know there were so many negative investors lurking around.
Also, meme tokens are worthless shit popular only because it's a next trendy thing.

It's so funny when we lose like 20% from ATH and people start talking about rock bottom. You should know better after so many cycles.

Actually this is a Good news for me, because at last after months of waiting here we go i can buy more with a discounted price  ;D

44k is the best value i can have for my re entering because i have been trapped after selling my coins early this year.

And I do believe you won't see a $100k BTC so soon because it's not about you and me, it's about those who are actually manipulating the markets.


Lol, things have never been the same after all, man. Everything in crypto has changed like hell, one day you see BTC touching an ATH, the other day it drops down 20%?
Remember those old days? You better be. I'm not a negative person (nor bearish at all) but I'm just saying what I'm witnessing. Do you believe the manipulators of the markets will let BTC get over $100k so soon? Think at least a hundred more times because Elon Musk is one such personality, who, when starts talking shit about BTC, BTC becomes shit and the value of that shit drops down so quickly as if he flushed it. He's got enough manipulative powers so to play games in crypto. Do you think he didn't take advantage of his powers and didn't short BTC from the very top so to surprise everyone after saying that they are not going to accept BTC payments anymore? Meme tokens were just an example of how to create fear in a community (and I gave that example just because it's a perfect example for all those community-driven coin holders so to make them understand that they must not invest in those shitcoins which can be worth 0 one day soon).

And you thought I was talking about rock bottom after losing 20% from ATH?
Let the weekends speak, mate. ;)

I eagerly want that guy to get scrutinized by SEC soon and get lodged a lawsuit against him too.

Bitcoin's price drop at $ 44k, which is quite common in the trading business. As an investor you should be prepared to prepare cash for investors at a pretty good price. yes for investors who have already bought at the price of $ 60k not to worry about losses or not to panic big sells. because the decline is only a cycle, in the near future it will return to normal.

I just wish the $42,000 support never penetrate, more than $50,000 something like solid. First Tesla accept Bitcoin, however now the organization doesn't accept Bitcoin for environmental reasons. Everything like pre-planned, anyway this declarations make the best purchasing states of the year for each and every human to take advantage. Buy back Bitcoin at the lower price and repeat the process. Stay positive!

Its not especially FUD as pulling back and revising prices is normal and necessary to improve the quality and strength for future moves upwards.   Always happens and its healthy, if we only moved upwards then crypto would rightly be doubted more as prone to failure.   Consider it like folding steel, takes a much longer time but the final result requires this process.


Lower 40k is 200 day average which everyone from a Wallstreet trader to your Grandma watches, its highly significant and right now its bullish as we continue to rise.   All kinds of measure and perspectives on price action are possible but when the crowd has consensus it has a power that supersedes short term doubts and selling, momentum remains upwards longer term.

The price of Bitcoin is hovering around 47000 - 48000$ price. If there is no strong support then it'll be harder to hold the continuous drop. We might even see me 30k support as we are seeing too many fuds in the market.
But the trader sentiment is different this time, fear is less as there are more investors who might buy if the price goes below.

The higher the price goes the more difficult it is for it to keep going up but while in the rest of the altcoin market what we see is a bunch of coins that are going up because of nothing but hype in the case of bitcoin adoption is actually growing, however to me it is too obvious that what we are seeing right now is an attempt of manipulation by the big players so they can get more bitcoin in the future, this is why we are seeing these abrupt movements which are shaking the weak hands out of the market.

I think we are seeing the size of Musk's influence on the market right now. I don't expect bitcoin will fall too deep, because the currency has grown to the level we see nowadays without his help, so it will survive and continue thriving without him anyway. The currently correction is a normal effect of Musk's fans cashing out their bitcoin investments and consequently influencing some other investors to do the same (the domino effect), especially the big speculators. I still fully believe in bitcoin and I'm sure if there is so much misinformation about btc, like the one Elon Musk throw on his public, it's because there are many people avid to buy bitcoins for a cheaper price.

Trust me, buyers want even more cheaper BTC as they did when the price was $10k or even $3k. The fact is, the lowest they buy, the least fear they'll have of losing more on their investment. If they buy at $47k which is currently an extremely major support for BTC and it falls back below $36k or even $30k as you said (or under my expected area of $20k which looks quite impossible but can still be touched), then those investors will need to hodl much longer than they expected to. There are many types of investors, but I've seen mostly of two types, who hodl for very long no matter what's the price, the other ones are those who sell it under panic at the mid area (let's say, at $40k if it drops near $30k from current price) so to save themselves from losing too much. It's not necessary the markets will react according to what we think, but mostly patterns do give an answer to our questions about price action.

currently bitcoin is very much affected by a lot of negative news circulating, including the one just tweeted by elon musk about cancellation of bitcoin as a Tesla payment, but in my opinion right now the price of bitcoin is in its lowest position and it is very difficult  down to the $40k price, so This is a good opportunity for those of us who want to collect bitcoins at a low price and I am personally very confident that in the near future the market will improve again and it is likely that the price of bitcoin will be able to re-penetrate $54K.
For bitcoin holders, of course, hold is a good way rather than panic to sell bitcoin now in a condition that is still cheap.

well, currently bitcoin price is close to that. the potential is still very large. Until now, the price of bitcoin continues to correct because of the announcement from Elon Musk. although it was possible, I didn't expect it, and the bitcoin price is back above $ 55k.

What happens in a bitcoin situation is normal and can happen any time before it happens or happens frequently, so it would be an experience if it happened in the same situation.
It is likely that many users are selling ownership because of the panic over the news that compelled them to do so, and not because they have been in the industry for a long time and have experience that what is happening is inherent.
I think the price of bitcoin will rise again in the near future gradually and patience is the key to dealing with it.

Everything is going down, the explanation of BTC's Drop, the worldwide market cap from $2.58 trillion down to $2.17 perhaps big investor or old investor pulled out their cash or they'd take benefit. BTC is plunging, it's beneficial to make the market solid. I do trust Bitcoin will ultimately go up.

As many people continue to watch the market continue moving downwards, is this a sign a bear market is coming, or is it really a big correction and won't go past $40k? this is very difficult after a lot of FUD that can affect the price bigger at the moment, I think this is a very big drop that happened.
But we have to remain calm, no matter what situation like this, it must be in a state of calm if you are still holding high prices, then hold it for sure now, it will definitely recover and don't cut losses when the price is plunging, you will regret it later.

Well, as predicted, the current price is even under $ 44k. what I hoped didn't happen. however, I expect a bounce back from this decline. however, I think the price will have a harder time holding up, or going up if the price drops below $ 40k. well, even at this time, I think enough people are panicking.

This is a big chance for those who haven't bought bitcoin yet. With this current price, I'm sure big institutions are also loading their bags of it. If you bought at a higher price, don't panic and just have strong hands to hodl your bitcoin. Correction is normal for crypto and this is not even a big dump compared to what happened way back 2018. Market can't go down forever and vice versa. To avoid anxiety, don't look at your portfolio for few days and avoid watching video or reading an article that is related to crypto. It is likely possible that you will panic sold your holdings if your emotions can't keep up.

Let them panic the prices are going to bounce back no matter what happens next, they don't deserve to get profits anyway so let them panic. Bitcoin investment is a waiting game after all, if you aren't a patient person then you aren't worth having big profits under your belt. To everyone who hasn't bought yet, this red days is going to be an opportunity for you to buy now.