Bitcoin Forum

I got notified few minutes ago on the sudden drop of -11 % bitcoin price and I also noticed same thing also affected other altcoin, while in a post they said of price surging within 72hrs that is to say that from now till 20 August we might see a potential Green and may cross above 30k within the next 3 days.

But to my surprise seeing that bitcoin already gone below the predicted price, although I can't still argue the fact that price can be manipulative and something positive could hit the market and, instantaneously changes direction just as it did happen now. Such effect could like happened to bitcoin and the price might dip more or surge more.

What is possibly to happen in the market, more dip that's seeing below 20k or something similar?
And is this another sign for bear market?

Because the price went against your production? Some people will have different prediction. I posted this some hours ago:



Now this is it:

https://talkimg.com/images/2023/08/17/MSLUv.jpeg

After several weeks that bitcoin was unable to go beyond $30000, you supposed to know that bitcoin price may dip. I was expecting the market to have gone like this when bitcoin decreased below $28500 the last time, but it increase back to $30000. When I saw it at $29400 again, that this will happen is very possible and it happened.

I do not know. This second half supposed to favour bitcoin is what I think. Sometimes if bitcoin wants to increase, it can begin like this. But I do not know the direction it is going to right now. We have to watch the market for few days before we can determine where it may go.

Cant provide with some TA analysis on here but we know that Technicals could easily be fucked up suddenly by sudden news or simply with Fundamentals.

Unpacking SpaceX Bitcoin 2021-2022 sales worth $373M (https://www.cryptopolitan.com/spacex-bitcoin-2021-2022-sales-worth-373m/)
Elon Musk’s SpaceX Liquidates Entire $373,000,000 Bitcoin Stash (https://captainaltcoin.com/elon-musks-spacex-liquidates-entire-373000000-bitcoin-stash/)

This is why i dont really trust up technicals most of the time specially that news something similar or like this could pop out just like in a blink of an eye.
Feel sorry for those who had made out some long positions for sure they had been liquidated.

owchie nasty flush but does it count more then the short term.  It appears we have moved down to the 25k having failed to hold the levels near to 30k.   So now we must resolve the support possible in this area and decide pricing going forward.   How it closes on daily and weekly bars is where it really matters further out.
   This does reset or bring us back to touch the highs of Feb this year.  This is the recovery of 2023 double back checking its strength in an aggressive way, dull market then overwhelmed by the wider market being negative and selling off. The pressure appears external to that extent but speculation has raised us and can bring us down if people are forced to close positions to gain dollars and repay their leverage, thats why leverage hurts and creates volatility its not as solid as it appears.   So we have to find hard ground now.
  Low is the yearly average I note and perhaps of wider significance is this now challenges the 200 week average area and how we hold or handle that long term momentum is what really matters for the rest of the year.

It appears that I am not very updated to cryptonews as I would have liked hehe. I have always thought that Elon's companies have already sold all of the bitcoins held in their treasury on 2021 - 2022.

In any case, it appears that Tesla has 10,725 bitcoins left in their balance sheet according to some articles, the speculation should presently be if Elon will give the command to sell them also. This will be head shaking because clown Elon declared bitcoin a long term investment on 2021 and he said that Tesla will accept it as payment.

A decrease in the price of Bitcoin can always have an effect on all altcoins, including even the most popular altcoins, and this has become a very common sight in the market because in the past this was the case. And if their post says there will be a price spike in the next 72 hours, that means everyone should take advantage of this dip by buying what they can before the intended increase occurs.

That could be true, although it could also be the other way around because the spike effect would be most noticeable when the majority of people take advantage of the current conditions to buy Bitcoin. Moreover, the price is still very close to $25K which is the most unpredictable price level this month for Bitcoin and I am more than sure that the price range seen in the current market will not last that long in Bitcoin this month.

This does look like a sign of the next bear market, but I think more optimistic that this can also be a kick-off for Bitcoin to make a jump as their post says and I also believe more in what you said above because I think it is also more logical for the current state of Bitcoin.

The good news is the quick pullback from the $25,166 level, which if it continues, we will all see 20,800 being tested, so we are lucky, although some analyzes try to answer the reason for the decline, but the continuation of the price at this level is a rise in itself.

Let's see what happens in the coming days. Will we continue at this level or go back to about $21,000?

Yes. Today in the red market again the price of BTC corrected to a price of $25,166 and this was unexpected, and one more small reason after Chinese property developer Evergrande filed for bankruptcy protection in the US and this sparked concern in the real estate market as well as other global economies and could spread to other parts of the world other. But, if we look at things like this (corrections) they are still considered reasonable and in my personal opinion this is a very potential entry point for institutions and other large investors if they enter now.

When the market crashes or gets dumped, there's always news coming out but honestly, I don't believe news like SpaceX selling bitcoin or Evergrande filing for bankruptcy is the reason why the market crashes. It's all just perfect manipulation and the news is just an excuse to legitimize dumping.

With bitcoin down more than 10% and the altcoin market being severely dumped creating a certain amount of panic, people are getting scared and I think it's time to buy. When people are afraid, we should be greedy.

What has happened has a very simple explanation:

July Fed Meeting: FOMC Raises Interest Rates To A 22-Year High (https://www.forbes.com/advisor/investing/fomc-meeting-federal-reserve/)

And the key is in the following paragraph:


The market after the June pause had started to uncork champagne bottles and after the last meeting has returned to bearish mode, something that affects financial assets in general, including bitcoin.

The only consolation we have left is that we can buy cheap.

Bad news on economy and whales selling a big portion of their bitcoin investment do affects bitcoin price. This will be a temporary thing because no one can manipulate bitcoin price for long. At as when OP wrote this thread bitcoin was 25k+ but presently it has gone to 26k+ which shows that we will have a pump in the price soon. I was expecting the dump in price but not as dip to the extend since bitcoin has been sitting on 29k+ for the past three months. A dump is needed to have a pump and I believe that soon there will be a good news on bitcoin that will pump the price. This is an opportunity for us to stash up more bitcoin to our portfolios for the next bulk run.

My forecasting skill has gotten a lot better.

The current price trend makes my perceptions of the next stage be

• We won't see $30,000 levels soon, or at least until the next Fed meeting.
• There is a good chance of a retest bottom at levels below $17,000.
• The ATH for this year is the Fibonacci support level at $41,000.

It is a good opportunity for those who want to buy at a low price, everyone who wants to sell will not do that after Q4 2023 and positive news will begin to appear by December, then we will not see $30,000 again.

Not Investment Advice

please hope this  will not happen, 20 thousand seems to be super dump for
our market now and this did not happen the whole year.
so maybe this 25k will be the resistance , and  looking to have a strong fullback in the next coming weeks.

I don’t think we will see any dips further. This sudden dip was due to SpaceX/Tesla or Elon musk, selling a huge amount of Bitcoins at once. I don’t know what the motive behind musk for a such a step, but this was the primary reason for which we saw this dip in price of the coin. I would suggest not to worry much about it. We know what Bitcoins are capable of, hence just hold them till the next bull run.

Here we go again.
Elon Musk reportedly sold more than 370 million in BTC, causing Bitcoin's price to drop by nearly 15%. It seems like everything he does has an impact. I find it hard to believe that he did this.

Seems like the big players are aiming to find a good time to enter the market. People who easily sell are getting out. To be honest, I don't pay much attention to the news that's trying to explain this price movement. Anyway, it might be possible this is the last chance to buy at this price level. It's definitely going to be an interesting week ahead.

Elon Musk didn’t sold now but rather the recent news stated that his company total Bitcoin last 2021 is worth 370M in Bitcoin that they already sold but there’s no exact info on when and where. Elon holdings probably sold during the previous dip to 16k because the price will dip more than this current price if Elon sold now because of the very bearish signal on the chart.

This dip is inevitable since Bitcoin can’t break its 30k resistance for a long time. Probably those who fomo buy before already secure profit since the price is not moving any further upwards.

The question is, its seems that you are in a panic mode? For sure you have seen the price going down last year to $15,500 and yet we survived that lowest low for this bear market.

So just stay relax, they say it has something to do with SpaceX or Elon Musk selling his stash of bitcoin. Or something happen to China that really affected the price right now. But in any case, we can still go bounce back from this. Just another setback and the best thing to do is to buy and not panic sell.

You are right, I did some research on the news that Elon sold 373 million BTC. But there is mixed information and no accurate information about Elon sold now and that is what caused this drop. While what you say makes sense, bitcoin hasn't been able to break through $30k for a long time and a drop in price is inevitable. But this price drop was really unexpected because the price fell so quickly and caused panic in the market. No one knows what will happen next, but I hope bitcoin won't drop much more.

Yes, information is not that accurate and perhaps it was taken out of context by this FUD'ster and turn against bitcoin to create some noise and it has taken it's toll on the price as it goes down hard to $26k again.

But I doubt that it will ever go down to $20k, there are a lot of support line along the way. And it seems that the panic has subside though. It has settle down a bit and I think it can go back to $28k at the end of the month and there will be no more drops.

You don't need to worry if the price will decrease again and you should enjoy the moment while trying to buy Bitcoin at a lower price than the current price. But if you miss buying at the current price because the price has started to increase, you can buy at a later price.

We are still in a bear market, given that the price is still under $30k and currently at the $26k level. Don't trust the news you find too much because it might be fake. The important thing is not to be swayed by idle speculation and make up your mind.

The price may still be in its current position or it could be that the price will decrease again. So don't worry and use your time accumulating Bitcoins because this is still the right time to do it.

Yesterday or two days ago, can't remember exactly, I read a huge chunk of BTCs (1005BTC) from Satoshi's era were moved to another address. It seems an early investor has decided to sell his holdings or to just move it somewhere else, what must have caused panic inside crypto market among other investors.

Satoshi-era Bitcoin awakens: 1,005 BTC mined in 2010 on the move (https://cointelegraph.com/news/satoshi-era-bitcoin-awakens-1005-btc-from-2010-on-the-move)

It always happen to Bitcoin when large portions are moved from address to address. It always lead to panic selling and massive dips. That is very unfortunate, especially because we were expecting BTC to only rise from now on. :(

At first, I had my doubts about this post, but now it become clear to me. I should have done more research before sharing my thoughts, but somehow misguided. There's so much false information out there, and it's really challenging to find accurate details. Thank you once again, and I value the effort you put here.

Yes, Bitcoin 30k resistance has taken for quite a while, and this kind of price movement is to be expected.

With the trigger of Elon Musk selling bitcoin holdings making the market sensitive I know this is influenced by panic and indeed about the sale of bitcoin Elon Musk does not know when it happened this is just news speculation but is able to influence all of it to panic.

Because there is a barrier when bitcoin is still difficult to break the $ 30k resistance then this will be even longer if the decline will continue, but panic will certainly continue to occur now that there has been a lot of negative news that makes the market move down.

Still we don't panic too much.

I guess this is a lessons for us, there will be a time that we might see a huge dip that is unexpected of the market, just like what we are seeing in the last 2 days or so. We thought that everything is good although we trade in a sideways patterns.

But nevertheless, the price suddenly goes on a downward spiral and we can't pinpoint what is the exact reasons.

There could be FUD around the Chinese news or Elon Musk but it is all speculations for now.

I think it is best time for Buy Bitcoin. Actually i am waiting for this moments. Suddenly Now we are seeing Bitxoin price dumping. Today near about 8% dumped already. It happened because SpaceX sold $373M worth Bitcoin. It is main causes for dump Bitcoin i think. So now best time for buy Bitcoin and others Altcoin. I think within short time market will normal. So who will Buy Bitcoin now and hold that he will hold it for long time he will be huge profited there jas no doubt. So who want to invest on cryptocurrency you can buy now in this dip. I think it is best time for invest on Bitcoin.  

I am not in any way being worried about the market but maybe if you must know it's very shocking that within just 5minutes of time the market drastically dropped to -11% and you think that is very funny or someone should be happy over it?
What if someone introduced any newbie at this point and they immediately buy some bitcoin and at your presence the market drop significantly without being aware of what happened to market and you think those people should be happy.

Well this is not about me but to others who don't know about market volatility may panic overtime, I know too well that market is always not predictable because anytime any moment you might see unexpected in the market, and of course the market volatility sometime newbies can't avoid it to have patient overly. Although I actually witnessed the market then when it was around $15k which in time I was like the market gonna dropped to $10k.

This news is not verified and people just assume that Elon sold and cause this dip just to get an easy explanation on what’s happening and probably to fuel the bearish momentum by increasing the FUD.

I think the cause of FUD is the FOMC meeting which indicates that they might do another interest hike to fight against inflation. Bitcoin have a breathing room before when Feds slow down on interest rate hike. But now that they are continuing what they do, I think it's only logical for the price to react this way

https://www.usatoday.com/story/money/2023/08/16/fed-reserve-meeting-minutes-rate-hike-inflation/70605107007/

I do not think that it will test the 17k levels. That is just way too low and I do think that it will happen. To be fair I didn't think that it would go under 27k neither and it did so I could be wrong but we are talking about going down just a few thousand dollars, versus going down more than half of the peak. That is not really acceptable levels of crash at this point we are near the point where we have less than a year left to halving, so it should be growing and not going smaller.

People said that august is usually a bad month, and September is not a great one neither, it will go up a lot more during October and I ignored it. But I do not think that 17k will be that possible, it can't go under 20k if you ask me. 40k however seems good enough.

A Sign of Bear Market? Probably YES

When there is a drop in a short period of time, I don't think it can be separated from negative news and of course this is the source where there are some big bitcoin movements, institutions selling, FED rates and many others that make the market more volatile.

When looking at the market movement it is really sad with this decline, there is nothing to do but survive, maybe I will not see the market for the next 1 week hopefully there is more news that the market becomes green again.

Honestly no drop in bitcoin history is a shocking drop, its bitcoin after all. We have bigger moments when it all goes up, and we have moments when it all goes down, that's just how it works. I understand that its not going to be simple, but that's just how it is. Sometimes people are shocked that it goes down, but if you look at the history of it, you will see that it has happened before and I am guessing that it will continue to happen in the future as well. We just need to realize that this is something we need to end up realizing that it exists and normal. What is not normal however is that it has happened so many times and it still shocks people, it shouldn't.

Don't pay much attention to the bitcoin drop - it's just a manipulation of longs and shorts shorting. The liquidation level is very high. Bitcoin is likely to rise to $30,000 next week. This is my opinion. The main fun is still ahead of us - the beginning of September.

Bitcoin market trend can swing anytime as long as there is a good catalyst for that swing to happen.  At the current event Bitcoin had been bombarded by different negative factors, like the rumor of SpaceX sold around $372m worth of BTC.  The Evergrande bankruptcy and the USD getting stronger.  This factors are some reason why Bitcoin is dumping now.


If these kinds of negative even continue, then we can see Bitcoin slowly dipping to $20k  but if there is some good news and new funds goes into the Bitcoin market, there is a possibility of market sentiment swing making Bitcoin to recover.  Bitcoin is highly volatile and we all know that so the possibility of both ways happening is always there.  I believe we are still in the bear market, and have not transitioned to bull market yet.

One thing is certain, in every Bitcoin market crash, DCA is the best approach to make.  Since we will be buying BTC at a discount during this BTC dump event.

I would never say it was a sign for another bear market but yes, can't hide the fact that the market is facing another hard time due to low buying demand and support. However, despite the current situation, I don't think it going to dip below $20k, yet it is possible for $24k. I'd see that this year is full of test and market surprise as we thought that after reaching $30k we may see it moving close to $35k but it goes in the opposite direction and even fall hard. But still, I don't give up yet as it recovers later, the same thing happen in the past few days yet, we can never say it was too quick.

It looks like some people are behind on the twisting of this fact making the market to react negatively and weak hands selling their BTC.  This is somehow clear that someone manipulate the news so that they can buy Bitcoin at a cheaper price (just like one of the replies on the other thread stated)


It is possible that those who see profit shorted their holdings in order to take profit and at the same time avoiding to be caught in the crash of BTC.

Bitcoin looks like he wants to make a consolidation around this price and if this will happen , Bitcoin should start an upward trend.  So far , this summer cycle is just like all the others during bear markets and I was calling for this dip for quite a while now as buying Bitcoin in summer is the most risky period to invest in my opinion.

https://www.talkimg.com/images/2023/08/18/MCDLv.png
Seems 25.8k is the level to hold for that optimistic target near term of 30k or similar.  Needs to start building now and even if we do achieve that scenario I think we can also repeat the current level again to confirm it in future but I agree its quite possible that we bounce back for the moment.  A week if a bit too soon, consider the volatility a bit like a roller coaster there is a limit before the market gets sick of all that motion back and forth :P   
  The selling wasnt too severe just sharp and immediate, we had gone sideways quite a long time so that was the resolution to that process.   Speculators drop out and without others to buy up their positions its natural for prices to move lower in order that buying is encouraged, even at a lower level thats a positive process overall

The rumor I keep seeing being repeated online is that Binance is trying to keep BNB above $210 to avoid liquidations on a large loan. So Binance is being forced to sell off their Bitcoin in order to purchase BNB and defend their loan’s collateral. No idea if that is true or not but it seems logical. After what happened to FTX, I’ve been waiting for Binance to go under. It seemed like they were playing the same game, Binance just moved earlier.

 the market shows lowering to 25k as it is the trend for couple of days https://coinmarketcap.com/currencies/bitcoin/ and i think this will stay slowly lowering for the next couple of weeks or months more.

Volatility shows the healthy market .

Hopeful that you are correct that we will encourage others to buy now as the price getting down.
so the process will bring more positive in the next couple more.

Not only you, but many people when seeing bitcoin being dumped have rushed to find out the reason, and this news is causing many misunderstandings. I feel that someone is trying to manipulate the market and they are giving false news to manipulate us. All information given out should be studied and analyzed carefully, do not rush to believe it is true and then spread it to others, do not fall into the trap of market makers. Many people still haven't realized this news is fake and they even criticized Elon for selling bitcoin at this point.

I hope bitcoin won't drop much more but I fear it will, I mean it won't happen immediately but most likely it will happen between now and the next bull season. The reason I'm afraid is because we don't even have any negative news causing the drop, I suspect this drop is due to market manipulation and fake news just to legitimize the manipulation. This will most likely repeat in the near term and it will cause bitcoin to drop to $20k again and trigger an even bigger dumping.

Hopefully we will quickly return to $30k judging by your expert source, because if by any chance this does not happen, I wonder what it would mean - BTC is scam or BTC is dead (again)?


BTC has been in a bear market ever since the price went down from $30k, and that's more than 1 year, so I'm not clear what new bear market you're referring to? What happened at the beginning of the year was just recovery and nothing more. I would not be surprised if the price goes below $20k, because we are in a time when there really is no reason for any positive developments. Given that September is mostly in the red (historically speaking), we can say that all options are on the table, and that the negative ones have a greater chance of being realized.

Today is the third day since ever the dip and yet I don't think we are seeing anything green relating to the market currently, what i only observed was the way bitcoin moved down to $24,200 before rising back to $26,000 so what next should we expect again and the week is gone, maybe after the weekend, next week may bring in another luck to have that green indication but for now we are still in the dip.

Well I don't think it could be seen as scam because this has been happening overtime and we shouldn't be that quickly to judge that BTC is scam and I am not in any day putting that believe in me to say that it would be scam or having likely to be so.


Actually was judging from my buying point then, I think I bought at $24k some months ago and was thinking after moving from that price to another better place is were I considered it to be bull. Although looking very clearly and judging from the ATH of $69k we can still say that is at dip while those who bought at 30k can still say that the market is dip as well. But however, I am not in any way panicking about the dip as I believed that is a natural thing that doesn't fall to occur within such period of time, as an investor we should know is something inevitable and we must learned to adopt a long term investment strategies.


I later got the news that relates to the sudden drop of bitcoin and think there is every possibility to recover soon maybe it was just people who used fear and sold their bitcoin.
You can read here: https://cointelegraph.com/news/why-is-the-crypto-market-down-today

The alternative scenario to a rebound following the sell is that we fully explore the boundaries of the wider range of BTC price action in this last year time frame
https://ibb.co/pd5s4Y3
https://i.ibb.co/TtdnP9H/U3nw7wo.png

I prefer just the view of bar patterns but Im told to include the date for clarity so here with weekly bars is showing BTC back to when it was first challenged in this current area.  We are below the 200 week average right now so consider us 'submerged' in icy waters (with a negative wider environment) which has to be taken seriously as a bearish signal even if not immediately and absolutely true.
  19k as a target for downside must be considered as a repeat of prior action.   This could occur inside of a minute and resolve back upwards having failed as a trading move or we could slowly step down to that area with every day remaining in 2023, in a slow vice like movement.   I dont believe we are that bearish personally but for true accuracy we must consider all options then resolve which is most probable at every step.

Have been third day after bitcoin price crashing drastically from $30,000 and going dump to $25,500 based on lower price on Binance exchange, looks still not have good progress with Bitcoin still drop and current price stuck in $26,000 right now. I don't know how many days, weeks or month for bitcoin take time recovering to higher price again and give chance for altcoin break out again. Left two day with weekend and don't get any potential chance for bitcoin will wake up to higher price, maybe need more patience waiting after weekend has chance or not for Bitcoin back again to $30,000 and its most dip price in this month.

Hope for upcoming month, there are not any new dip price for bitcoin because bring bad impact for altcoin have been dropped drastically.

Majority of the investors are looking at this dip as an opportunity to purchase and hold for the long term and hence the price is recovering slightly and even if the market goes down further, there is nothing to worry for the long term investors as the price will bounce back. It is not a huge surprise seeing this correction because the market was stuck for a while around $30k and some were anticipating this correction ;). 

There are many surprises in bitcoins. That it is why the market is usually termed unpredictable. These are the kind of situations that you a holder of bitcoin has to prepare the mind for because it usually happens at the time that people least expect it. I was not expecting it but it happened, I lost some of my investment to it but I am not too worried because I have long term plans for my bitcoins and I understand that these are part of the emotional test that meets every holder that they have to pass to call themselves real holders. Real holders are not moved by the surprises from the market.

Are you sure about that? If the majority was buying the dip, there would be a green candle right next to the red one. It would go down to whatever number and then the buyers would come in and turn the move around, buying everything back up until 19k.
We came down to 26k and didn't even bounce back to 27. How is that the majority of investors? :D

The dip is a surprise and then it isn't. We all knew that bitcoin is in a bull market once it stays above the 200 WMA and it usually doesn't happen this far before the halving. We also know that there's less and less coins on exchanges so the market is getting more illiquid each coming year, so it's easier to manipulate the price if you come with a lot of coins or a lot of money.

If any of you get scared by this, go back a bit in the charts and take a look at the covid crash in March 2020. That was a dump with over 100k bitcoin dumped on bitstamp alone. How much was dumped this time? 8k? This is nothing.

When ever Bitcoin gets hit, it's the altcoins that gets affected the most and that's why it's not good to invest in altcoins because their success depends on how well Bitcoin is doing and holding altcoins during bear market is a big mistakes that'll make you keep losing.

What just happened to the price of Bitcoin is a good reason why we shouldn't trust any predictions we see online and also not from forum members because they aren't always accurate and bitcoin market can change instantaneously just as it just did with this crash.

We can't predict exactly what is next in the market that's why we speculate and my speculation is that Bitcoin might experience another correction but this doesn't change the bullish sentiment of the market by the end of the year because we're approaching Bitcoin halving.

It's a really quick drop, I mean if Bitcoin drops a certain percentage altcoins always drop as well it's almost like altcoins market price is always dependent on the Bitcoin market unless there is some major news to a certain altcoin that is where it wouldn't go on the flow of Bitcoin in my experience.

I mean all of these are just predictions so there are always speculations that are floating around and they might not be accurate for sure, Bitcoin market price is just unpredictable I mean if we can predict the market for sure we are all rich by now. There are always going to be winners and losers in the market. To be honest it's kind of expected since the market is sustaining around 30k$ which is really surprising we really need a deep like this so that a lot more investors are going to be encouraged to go in as well.

For sure we might drop up to 20k$ but for me, it's going to be a good opportunity I mean if you are aiming for the Bullrun it's probably in the next few years, so this deep is just child's play.

Don't listen to or believe what speculators claim about the price of bitcoin rising within 72 hours and causing you to invest in the crypto market as a result. Invest because you have a long-term plan for bitcoin, not what the so-called speculators have said about the price surge of bitcoin. In the next 72 hours, which is on August 20, it's possible that bitcoin won't be able to stabilize in the bearish market (it will keep declining).

Expect bitcoin's price to decline further in August. Until the end of the month, the pricing will continue to range between $25k and $26k plus price. Buy more bitcoin now while it's still affordable because once it starts to rise in value, this price won't be available for many years.

I guess it's more of the whales filling their pockets and happy to see the price going down again and probably laughing their ass off to those newbies who panic sells as they can scoop cheaper bitcoin again. It's that advantage they got, and so they will take that without blinking an eye.

But for speculators or average joe like the majority of us, most of the time we don't have that money to buy and then we regret and say that the price should not go down that hard again because (1) it's hard to see our wallets value going south (2), we don't have the capital to buy if that is the case.

The good news is that when the dump occurred, the SEC considered the Ethereum Future ETF so that when the dump occurred, the price was stuck down and rose 1.2%, which was still thinking about it after yesterday's dump. I can only smile when I see this.

Right, Yesterday, was a great surprise suddenly a storm came. Yes, now it's a little better, BTC $ 26,116 and no more strange speculation in the next 2 days.

This is not surprising news really. They already approved the Bitcoin etf which is based on CME futures. And there is CME futures for ether already traded. It’s been live for a few years. So by approving an ether etf is not really much of a surprise.

Now if they approved a ether spot etf then it’s big news. However these etfs are just based off the open interest of the future market. When one buys a Bitcoin it’s more of like a synthetic bitcoin and not based off the actual blockchain.

Actually, this is not too fast, just look at the price of Bitcoin in the last few days which has stabilized in the $30k-$29k price area and now Bitcoin has dropped to $25k.
I think it's a natural thing, because Bitcoin's support at $29k is not strong enough to withstand the flow of sales, especially since some whales are selling their Bitcoin holdings.

This also has an impact on altcoins and of course, it is a drastic decline.
Altcoins that survive will collapse and some altcoins survive because their trend is good.

Altcoins will rise when alt season arrives and Bitcoin dominance drops.
We will look forward to it all, when Bitcoin is good enough.

A lot of people might have been waiting for this. The part where you are going to buy more BTC or ETH because it's on sale. It's the best deal now. I think it's just a cycle and you can never know what would happen in the next few days or months. You will never know if you could increase your crypto holdings or not. A lot is coming to be excited about like what the other members have mentioned.

I see this decline as an opportunity. By many estimates, the bull run is only a short while away. It's good that Bitcoin and Eth are giving a buying opportunity as the bull run approaches.

Such a drop in the price of Bitcoin can always occur. We must be used to it. Not panicking and buying Bitcoin and Eth if possible may be the best choice for such situations. The price will start to rise but we don't know when. The Bitcoin market is a market where those who can manage to wait win.

We have heard people saying that they wanted to buy more, but for sure there are still who's waiting for the price to still continue to go down, to like $20k-$22k before they buy or even lower than that.

I know, who doesn't want to buy at a discount, but sometimes waiting for the price to continue to dip before getting your hands on BTC might be a bad idea. Because it's so unpredictable, we don't know, maybe the next day the price is going to bounce back and have a like +10% increased in a single day.

Well, I didn't mean it so seriously, but somewhat sarcastically, in the sense that if Bitcoin doesn't behave the way most people expect, then some say it's a scam, and others say it's only a matter of days before it disappears. In any case, I would not recommend anyone to believe the stories of so-called experts who claim to know what will happen in 3 days, and in 99% of cases they are proven wrong.

This is not a sign of a bear market, it is just the result of aggressive selling by SpaceX as we heard in the updates from around the internet, and when that happened, a lot of investors might have panic sold as well resulting in the price to dip more. Now, it is not really going to be too easy for the price to recover back and get to $30k this soon because the market hasn't been so strong and we have been seeing that for some months now being stagnant around $30k.

I don't really think that the price will go around $20k but I feel like this is not the last dip yet and there will still be some more declining coming up in the next few days, once that happens, then the market might start recovering as whales will start buying back once again once the price hits the bottom.

We should always expect something to happen in the market and there are two things possibly to occur.. in as much as we buying and selling there will be always dip and bull and whenever anything like this happened then you should be able to detect that a serious dump has occurred somewhere or alternatively, a driven news has propelled the market to start having negative effects which actually effects the entire cryptocurrency market. In my opinion I will ask you to relax and watch back the market within a months times there will be positive movement which may probably drive the price from where it's to another best position which in turns people might start regretting for not taking advantage of this sudden dip to fill up their portfolio as usual.

It's still normal to see bitcoin drop in the last few days, but I admit that the market is overreacting a bit. FUD spread so quickly that it caused panic among investors and traders, of course it has made this dumping rather annoying. I hope for a recovery as soon as possible although basically this momentum is expected by some investors. I don't imagine bitcoin price correcting to $25k in August as the positive support is definitely there, but FUD has a role to play after that.

Fud is something that is really holding the market, traders and investors are trying to take profits and this alone may likely keep the bitcoin price at stationary without going up or going down. That's is to say there is a huge selling pressure within $26k, it actually dropped to 24k before taking back its feet back to 26k. It has been on 26k for the past 48hrs, correct me if I am wrong, and at this point we may see more dip and from my point of view the market is so indecisive meaning it may go up or down.

I don't even know why there is whole lot of thread created about this dip experienced as we all know what Bitcoin is , and that it's a volatile currency and these sudden drop and dip are all part of it's nature so for me instead of people whining and complaining why not just use this as an opportunity to grow and currently more BTC seeing that if you buy now the ratio of amount that will be bought is going to be big

Well said, market crash and price decline is part of the bitcoin price movement. We could experience this kind of unexpected market volatility in large scale, and whenever such thing happens automatically people start to connect some incident happening around the cryptomarket. Maybe this can be a coincidence, and later the same into speculation leads to downturn and uplifting of the price. For now it is time to buy through Dollar Cost Average technique to have better holding of bitcoin for the bigger profit as the market could turn completely bullish anytime.

Can't rely solely on TA's though, other wise you'll get surprised if bitcoin suddenly falls or suddenly rise especially when there is a news or a rumor surrounding that internet that triggers a massive buy or sell in the market.
I have no update on that news regarding Elon and spaceX selling that $300m+ amount in bitcoin, but there were articles who were speculating stating that it was not true. Well, it has affected the market though regardless.
Bitcoin may fall below $25k, but it would a great entry point which a lot of people may be waiting and the reason why we haven't seen any recovery yet. We all know a lot of us here are waiting to accumulate on a lower price possible so I guess the price would go far below $25k.

Yes and I think the United States Securities and Exchange Commission (SEC) seems to be ready to change their outlook on the crypto world. While the SEC will probably approve a number of applications for Ether-based ETF futures concurrently and the latest news from Europe, if I'm not mistaken the Jacobi FT Wishere Bitcoin ETF has been approved which ETF will trade under the ticker "bcoin", and will be listed on the Euronext Amsterdam stock Exchange and supervised by the GFSC implementation.

Because people have a misconception that we are getting closer to the halving and that will help the bitoin increase from now until the halving happens. They believe there won't be any more major crashes in the market. So people were surprised and even panicked when they saw bitcoin being dumped unexpectedly.

From what I see, most people don't have any worst case plan or preparation, people just daydream and think about an upcoming bull market. People are over-expecting the halving and think it will save the market from any major drop.

The SEC has filed a complaint against XRP in court after losing a two-year battle with XRP.  they have not accepted that failure yet and it shows that they do not want to let go of the market and they will continue to find ways to attack the market if given the opportunity.  I don't know why they accept ethereum ETF but they keep rejecting bitcoin ETF.  but that's not enough to prove that they want to be more market-friendly.  I think they are plotting bigger after the recent setbacks.

I don't think, the price of Bitcoin will decrease more than $25,000 before it will start increasing to hit higher in the market for those that are still holding Bitcoin for bullish market to come, they will not miss their opportunity. This surprised decrease of the price of Bitcoin that just happened few days ago that made the price of Bitcoin to decrease from $29,000 to $25,000, show there is a hope for holders to smile before the end of this year because the green light is still displaying in the market to make holders to be bold that something positive will still happen. I believe this is the time to hold because this bearish market will not take a long time before it will turn to bullish market soon.

Probably those analysts that speculated the cross above $30K based their prediction on Technical Analysis usually based their prediction on candlestick patterns, however fundamental Analysis moves or drives the price of bitcoins of course there might not be any manipulation of the market rather the price reacted to a big negative fundamental news which resulted to the massive dump experienced by the price of Bitcoin in the last few days, hopefully I believe the strong support turned Resistance at $25K rejected the price if not the price would likely dump to the next support at $17K which I think is very unlikely because last weekly candle indicates an bearish exhaustion candle.

actuallythe problem with others that surely does not understand the market is that there is only one thing in their mind and that is the market to go forward always in which badly to believe.
this is a volatile market that has two sides , either to Bull or to Bear. the middle is not to discuss because that is the neutral ground .

The two sides that you mean can also be likened to profits and losses because the only ones who are not profitable or detrimental are those who survived because their capital did not decrease or increase. But occasionally it is also necessary to discuss neutral ground for a while even though what is more discussed are the two market conditions that are very often seen, namely bear and bull.

And for people who don't know the market or understand any market, I think those who are like that will only be spectators at any moment because they don't know how to take advantage of the moment or still don't dare to enter the market because they consider too much risk. Although these considerations are also a part that should not be forgotten by anyone when they want to enter the market for something.

That dip caught many people unawares because it indeed was really a dip (deep) cut. I'm sure so many Bitcoin longs got liquidated. This isn't to say that the bear has set in. No, it's far from it as we've identified what could've caused it. I don't know if the Michael Burry rumour is something to go by with the billionaire shorting Bitcoin or that the world's richest man, Elon Musk, dumped some of his hodlings. Whichever one, we've to acknowledge that crypto price is moved by FUD more than it's with FOMO. Bad news is capable of causing a lot of damage faster than the positive impact good news would do.

Again, don't forget that whenever Bitcoin sneezes, altcoins get the jitters. The crypto space is predominantly a Bitcoin affair. I want to see a time that dominance will be whittled down.

I was surprised when I noticed bitcoin degradation, and I believe that as bitcoin going up, its obvious that bitcoin increment is something I believe that its been determined by the demands ratio and decrement ratio, so therefore, we can receive one information of bitcoin that will make bitcoin to increase above the value now, so bitcoin falling have never be a surprise to me because I know quite well that bitcoin value or price is baseless because it can rise today and fall tomorrow, so therefore I believe that bitcoin price is rotational and this is the best time someone can buy bitcoin and invest but some people will be scared of buying now, because their os is every tendency that the price can go up at any point in time.

I've read a post before the market fell significantly about the pattern of market price movements ahead of the previous year's halving, he said it was possible the market would fall above the average within a day and I was surprised that the prediction actually occurred the following week, so the pattern of market movements is still related with the previous halving, and good news if the $29k price bounce is potentially back before the halving then chances are high that bitcoin has the potential to reach ATH again after the halving.

However, despite various predictions linking to previous halving analysis techniques, but make sure we seize the opportunity to increase the bitcoin asset while the price is still low, my prediction is that the bitcoin price will not drop below $20k again.

Whether it would be following or not with the same pattern on the previous holding then its up to the market whether it would really be moving that way or we are totally seeing different which is something that truly
unpredictable or there's no way on telling whether it would follow or not.To those people who are really that a fan of when it comes to go with the history or past events then for sure they would be following those patterns whether it would work or not then its the risks that they would really be taking. Its true that it did really goes the same which those analysis did really make some hit and following those does really imply that you are in profits.

Expect the unexpected as always in dealing with this market which its truly that unpredictable and anticipate fuds and shills which we should really be that careful on altering out our earlier analysis
just because you had become that impulsive which it is really that a bad approach when it comes to things. Dips or declines like these arent that new and if you've been here on this market for a while
then you do already know on what you should gonna do.

Looks like Binance isn’t going to give up without a fight. I just received notice their US subsidiary has changed their terms of service to raise fees in BNB as well as other moves that could be seen as a bit desperate. If you have funds on Binance right now, you’re playing with fire. We saw it with FTX, we saw it with Gemini Earn, and if you think Binance is immune then you don’t understand how their business works and the role BNB plays.

I agree that people who are new to the market could end up making some losses as well but if they are careful they could make a profit too. The point of trading is not to be profiting with every single trade, it is to end up with a profit at the end of the day.

This is why most companies take a look at quarterly results and they also take a look at yearly results as well. That means you do not have to make a profit with every trade, all you have to do is make sure you are profiting as much as you possibly can, while keeping the losses to the minimum. You can still make a loss, but as long as it is not common and frequent then it will not be an issue, it will get you a good result without a trouble and should be great result.

It is important to always be prepared for every single scenario that we may encounter, it is true that going below 25k seems like an improbable event to happen, but at the same time we need to wonder what could force the price of bitcoin to go below those levels? And I think the fall of a popular exchange or stable coin could do this, as such we need to keep our eyes open in the case such a news were to happen, as if it did a price below 25k would be almost guaranteed.

suddenly , it lookds like price are coming that low, 19k? hope that will be our barricade before the complete recovery to happen after the halving season. actually  I never see this happening , though we have seen many of this kind in the past before halving .
maybe the chart shows the downtrend before the bull market .

The decline had stopped at $26k, not far from $25k but I was on your side and also hoping that this will be the end of the price dump. Because in the moment that it drop below $25k, it created more panic and stress for those who just bought a while ago at $29k.
Though we can't set aside that possible decline but can't hide the fact that this is a little bit surprising because we thought that we are moving forward and surpassing $30. Unfortunately, we've got this opposite direction and made the community draw negative speculations and market views. Well, I hope that everyone can still hold their Bitcoin and remain strong.

I never thought it would go down to 20 thousand. Of course, there is such a possibility, but we need to prepare ourselves. If Bitcoin falls to 20k, it could be a very good buy. There is a possibility that the bull run will come before or after the Halving. When we think about it, we can relax because the lower the price, the stronger the returns. So we should put our worries aside and try to buy Bitcoin if the price drops.

I was just watching pricing this evening with 15 minute bars, there was an attempt downwards.   Very fast measure really, even a 50 moving average is only half a day of pricing.  BTC looked good for a fall with some volume but its relative and doesnt matter if wider time frames discount the local or short term effect.  Im not sure which but its recovered well, the main point I would make on that is a failed move is bullish.  Failure to sell, a rebound and trade back above the sell price could do better then previous because it discounts sellers and knocks them out of the picture for that time, it could build higher.  Lets see if it can do anything different now.
   I was just going to put on a bet for a lower price to month end but I'm interested now in this current developing during Asian open trading hours.  Each part of the globe has its own dynamic for BTC sentiment imo

Current pricing as of this post 26029 & is past 12hr average and challenging the average price for last couple days.   Lets see if BTC can expand the post-sell languishing recent range at all.

Just hoping is not enough to keep bitcoin from falling more, no one wants that to happen but I believe bitcoin will once again continue to go against the crowd, just like always. As you pointed out, when we were all expecting a breakout of bitcoin past $30k to higher levels, but it ended up going against our expectations. According to a survey I read yesterday, long orders still dominate over short orders. That means it is more likely that bitcoin will continue to go against the crowd.

Bitcoin is now trading at $25k level and it looks like it might going to fall even more, but I don't think it would fall further than $20k either. It's not really a bad thing to happen when bitcoin price didn't meet your expectations, like a $30k breakout. Well, this have happened before the bitcoin halving, bitcoin tends to pull back, maybe there is a manipulations going on as someone (most probably the whales) are trying to trick the mediocre investors to sell their bags as the price falls down. Only the weak hands will do that, we have to understand that any event in crypto that could potentially initiate a bull run, there are always FUD that's going to happen to try and pull the price back as much as possible for the other experienced and whale investors to accumulate more at a lower price prior to the bull run.

I think there are now more experienced Bitcoiners so yeah I agree with that. They can do a DCA but events like this are kind a rare so they will buy more than usual. BTC and ETH are not the only crypto they will buy but experienced users are versatile. They diversified their money to make their performance even better.

This isn't just a simple cycle but there is a reason for these dump that we experienced lately. That is why it is called as a surprise dump by the many including the OP here. A normal cycle is predictable. We don't know what happen can happen later on or the next few days but many of us are sure that in the next few months we are going to have a bull run.

This happens in all markets, it is just that it is more notorious here due to the volatility of bitcoin, retail traders need to get used to the idea the whales are trying to get their coins, and while the number of coins a retail trader is holding on his own is very small, if a great number of them sell at the same time then the number of coins becomes big enough for whales to act, so they are trying to scare weak hands into selling their coins, and unfortunately they were successful this time around, otherwise the price would not have taken the dip it did if retail investors did not sold their coins as a response to this movement.

Exactly, the volatility of this market can't be compare to any other specially traditional financial markets like stocks because we can go up and down very quick in less than 24 hours and then bounce the next day.

And that's what makes traders love or hate this market because of that kind of jump in prices. But for those who are simply just stacking stats and nothing else, then it will be all good as we will go through all hell in this bear market, but then again, in the bull run it will be all joy to us. So let that be a lesson for everyone that this might be a surprise dip, but nevertheless we will all go bounce back.

Bitcoin is going to rely more around the 25k-26k price benchmark at the cycle period of 1 month to 2 but more also we may see a push upward around 26k+ but not much recovery will happen for now since a lot of whales have taken advantage of the recent market dip to fill up their Bitcoin bag, ready to dump at any possible price recovery along the way up.


Bitcoin halving is somewhere around the corner and in less than one year we may have gone past Bitcoin halving and at that, we should have experienced the next major Bitcoin price ATH again, so this dip is another discount price era for the Bitcoin market speculators.

Trying to make some slingshot kind of behavior but its isnt assure but i do rather expect that there would really be some last drop before we would really be shooting up. We are fast approaching on the halving
event on which we know that this is something that it is  really that what kicks in the  bull run effect. Prices cant really be known on what would be the possible bottom and this is why lots of anticipations and lots of speculations in regarding with the current price that we do have now. Whether we would be seeing some recovery before this year ends or would really be experiencing more declines as we do go ahead.
This is why each decision would really be made would really be entirely be tough for us because the market cant really be known on what would be its next movement. Fundamentals or news could really be
able to come out unexpectedly on which it would really be bring out that turmoil and overall decrease and correction that we do have on this market.

It is very difficult for bitcoin to create a new bottom this year because we are approaching the halving and the bear season is about to end. But if you remember what happened in 2020 when the Covid pandemic also caused bitcoin to plummet before the halving took place. I don't know if more black swans will hit us, but I think history will repeat itself, I mean, bitcoin will still have many corrections even at $20k for whatever reason if the shark wants that to happen.
Making a new bottom or falling to $15k is something I don't believe will happen, but for bitcoin to drop to $20k, I still think it's possible, IMO.

You said 2020, back then also absolutely no one expected bitcoin could fall to 3k again. So it seems to me that you have to be prepared that it could happen again and the price will make a new bottom. I don't rule it out and I think that if it happens again, it will be a very good buying opportunity.

Yes, that 15k drop is pertaining or could reflect out on what happen on that $3k price drop that on last cycle on which we could really definitely believe that was already the sweetest spot if ever you are really that

hunting for the bottom but it seems that people do even ask more and waiting for that $10k price level which it is really that unlikely to happen. So far, we didnt drop that low and we are already fast approaching
on upcoming halving event which do eventually kick out that bull run effect. We dont know if there would really be that last dip before the said reversal but for now we cant really say that it is really over.
Everything could really happen in an instant on which it would really be just that normal that people would really be that skeptical when it comes to this.

Surprise dips and sudden market price movements and events arent something new with this unpredictable and random market.

well, we have seen in the past that in this market, everything is possible. so we can't really tell that one thing is not possible to happen. just open for possible circumstances and keep an eye open for possible developments.
as the volatility is still the major factor why a lot are coming into this market, better think of your strategies how to take advantage of this opportunity to gain profits.

And taking advantage of that opportunity are also people who have known Bitcoin for a longer time and those who already know that it is the new low that they have seen before their eyes. Meanwhile, people who are just entering the market or at least new to Bitcoin will still have doubts about buying because they think that it is a fairly expensive price. Unless these new people have done a little research into the prices that have occurred on Bitcoin over the years, making them immediately feel brave enough to take advantage of new lows as their opportunity to buy more.

For users who had experienced massive price crash this isn't a big move in the market. For users who see it for the first time doesn't understand whether to buy it or wait for the market to go more bearish. Most of the time users who had missed opportunities in the past tries to make investment through the DCA technique whenever there is atleast some 10% drop in the price. This doesn't affect the profiting much and preparing for the worst market unlike the real market condition helps them overcome any kind of market move.

Such people can be called experienced. But they are a small part of the market. In general, when prices collapse seriously, people panic, which is why there is a collapse, when everything is sold. Only a small part of people who are sure that everything will be fine in the future buy. That is why you should never sell because of panic, but on the contrary, you should have money to buy.

No matter what you do, always have some money ready for buying opportunity, you don't want to keep talking every 10% dips as the best buying opportunity, I know that no one knows what the exact bottom and the top is, but the best thing to do is to make sure you don't run out of dollars.

There is still 6-8 months left for people to keep accumulating, after the halving is successful it will already be too late, Bitcoin looks very weak right now which makes me believe that 20k is still possible, even 15k, but I don't want to trade all my cards on this, crypto is sometimes full of surprises.

The best strategy is to be prepared for anything, if the market unexpectedly surge you are already in the game and if it dumps massively you already have some back up plan with your sitting dollars.

Yes what a surprise dip already, some of the things we all speculated in the previous month didn't happen, some of us said Bitcoin will hit $30k, $40k or even $50k but here 1st of September 2023  and the price has dipped from $30k to $25k and I feels that the price will still dip below this same amount but maybe before the end of the month of this September I believes that the price of Bitcoin will rise up again to maybe above $30k to $35k.

Actually we have bounce back from $25k to $27k after that huge dip because of the good news about Grayscale winning their case against SEC. But now we had another pull back as Bitwise withdraws their Bitcoin ETF application.

So we will see how deep this nose dive again, we are in the $25,700k'ish, so it really looks very bad at the start of the year. I'm expecting that the last quarter will be very bullish for us but I guess I'm wrong here. There are a lot of unexpected move, so just be patience and continue to accumulate BTC.

I don't know if the ETF approval decision or not is playing a serious push on the market price these days, this could mean that if any other institution make their application then probably we may also have more impact on the market, but as to the withdrawal on the application, I don't really believe this could cause more dip to the market when we still have other giant applications awaiting response on approval, but let see what can cause the more future rise in the market maybe it could still be from the ETF approval, application or withdrawal.

The price level that is often seen in the market is still not much different even though every month there is always an increase and decrease in the price of Bitcoin and in general I am still very confident that the price of Bitcoin will return to the $30K level and could be more than that even if it is not to $35 K in the near future. Because we also have to see how much encouragement Bitcoin can get this month through several news and events that have previously occurred and can influence the price of Bitcoin in the market.

Those who sell out of panic don't have any strategy, they just buy and sell to make a profit. But when the price drops below their purchase, they panic and stupidly sell at a loss. Don't you have to hold or buy gradually to get a profit? a surprising decline is one that must be overcome, having a reserve of money will be very helpful and therefore financial management is very necessary. No trader is successful overnight, everything requires a process and strategy. Those who panic will just leave and never come back.

You need to have strong nerves to have success in crypto market as this market moves haphazardly all the time. We saw few ups and down in bitcoin price during last 10 days and many people are speculating that price will go further down. We need to have firm faith in Bitcoin and don't pay much attention to FUD spread during these days. Bitcoin price is going no where and such ups and downs are normal.

Sometimes you may need money and then you may need to sell Bitcoin. Except in such a case, it is a wrong decision to sell if the price of bitcoin is below the price you bought. We must learn to wait in this market and to trade when the time comes.

When you panic and sell when the market is falling, you want the price to drop more. Sometimes it can be like this, but after every drop in Bitcoin, the price increases. At the very least, selling by paying attention to support and resistance can reduce some of your losses.

You can unless you have another source of income but for those who have not and see selling their Bitcoin as the last option, we can't hold them back. This is what happens to some holders, they're selling not because they are panicking but because of some emergencies and they are badly in need of money.
When there is a huge selling volume, it will badly affect the price a reason why we can see an instant drop in prices. But if we absolutely trust Bitcoin, I don't think it will come to this point -panicking instead, we remain calm and ignore the dump because we believe that it has risen again.

When you spend enough time in this market, nothing comes as a surprise to you. Bitcoin has now fallen back to places that are said to never go below this price. Just when it was said that we are entering the bull market, it experienced decreases. These shouldn't be surprising. The market manipulates the emotions of the small investor, forcing them to sell their holdings. As soon as people are filled with hope, the market can collapse. On the contrary, it can rise when they are most desperate.
If there's one thing I know, don't trust anyone's price estimation. Don't invest the money you need in short term. As long as you don't sell, you're not at a loss. As long as these basic rules are followed, you will be comfortable.

I said that because it coincides with the recent increased in the price of bitcoin, from $25k to $27k when the news come out. But then when there is news about Bitwise withdrawing their application, the opposite happens, so it goes from $27k-$25k.

You can look at the price movement and the said date of the news being released to the public. So I'm not making it up, everything is up there. That's why I make the conclusion that they could have tied somewhat to the price decline or increase.

The market is used to plenty of money but if the United States does not start pumping dollars into the market, Btc will spend time in the negative. The $25,800 band is important but if the closes below it continue, worse scenarios may occur towards the $22k-$23k levels. Meanwhile, while the average trading volume in the cryptocurrency markets has fallen to very low levels of 20 Billion Dolar, the risk appetite has decreased significantly, preventing volatile movements but when the interest rate policy of the United States and the statements that will stimulate the market come, Btc will set off towards new records. For now, we are facing a really boring market. Whoever can withstand the market's intimidation will emerge victorious.

What makes you think that the market will recover this soon and the price of Bitcoin will reach $35k within this month? I don't really see any signs of that at the moment because there isn't a lot of volume pouring in which would push the price forward. There is only one way that can make this happen in such a short period of time, and that is a couple of good news roaming around giving retail investors some confidence so that they don't panic sell their assets.

I don't expect the market to recover this soon, even if it does, it will barely go around $30k within September because the price might dip a little more from here and that will make it more difficult for it to recover and we have seen that happening just last year when it took a lot of time recovering from $18k to $30k.

So we must distinguish between money for personal needs and money for investment or trading needs. Not distinguishing between the two will affect when you start holding, money that should be used for long-term investment will be forced to cut losses to meet personal needs.
Buying and selling based on support and resistance is highly recommended and also pay attention to where your target is to start selling and buying using the DCA strategy,

There is another good advice to avoid losing money. You should always invest only the amount that you do not need in an emergency, i.e. your spare money that you are prepared to forget about for a long time. If you invest money that you need, but you think you will get a quick profit, then this idea will fail.

Actually you are on point because their one thing I understand in cryptocurrency investment, with what I'm seeing in cryptocurrency I believe that bitcoin have it's ways to follow, so I believe that bitcoin having it way doesn't mean that investing in bitcoin you should use all your savings to invest in bitcoin, this is a cryptocurrency and it's a virtual money and during the investment anything can happen you might end up in losing or gaining, so therefore I do encourage new investors who has not gather much experience in cryptocurrency investment to use their spare money for their investment.

Actually, it is not the failure of the idea but the level of pressure that will be felt by someone who uses the money because basically the money is intended for other needs that he must fulfill in his life. So the thing about using money that can be forgotten for a long time when investing is the meaning of money that is not used at all for other needs so that there are no obstacles or anything that can interfere with living with that money. Although in general this money should also be considered important because it has been used as basic capital for investment.

Well, one might not lose their investment if they have invested in Bitcoin even if the market crashes but their investment will surely lose value and they won't be able to sell their assets back to cash it out because it will be in loss and one would obviously not want to sell them at a loss. This is the main reason why it is not recommended to use money that you might need urgently since once they get stuck, it might take years for them to release.

Those who invest money that they don't need anytime soon can always wait for them to get profitable even if it takes 2 years or more because we know that a bear market sometimes takes a lot of time. In the current cycle, it took around 2 years or maybe more before we could see some recovery.

BTC price right now is below the Feb 13th peak so it is challenging prior highs and so resistance and support that has been useful so far to maintaining prices.   25306 was the peak price on that date and its a couple hundred below that now.   Theres no solid absolute line to define the support, it will vary where the volume was at that time but it impacts on perceptions.   Holding this area is very relevant to the bullish pattern some take in 2023 being true.
  Actually its true at the start of this thread, mid August we did also challenge this area and recover upwards a bit.  To pull this far is further revision and its worth considering the breadth of this thread in the time and volume put into BTC while its been existence did we gain some stability in this area or we more certain to fail below this price first tested almost 4 weeks ago.
  Almost this entire time of near a month a tight range was kept 25500 to 26500 and its below that now, also end Aug it challenged upwards and reverted.  Markets are up today and ok recently imo however Dollar itself as an index to other FIAT has improved some, not significantly only 1%.  I think sideways is my only conclusion, if we leave and break range more of a conclusion can be drawn. 

Yes @George_john, you are correct, Bitcoin has its own ways and the ways of Bitcoin no body knows because it is a secret that nobody knows about even the government doesn't know at all. As an investor we are today, we are hoping that the ways of Bitcoin should favour us more, especially to those who have hold and accumulated for a very long time now, it is a very good idea for all new investors to invest with the little money that they can afford to lose so that if the investment doesn't go well as it was plannwd by them, they will not regret it.
Also, every newcomer to the crypto world should know that Bitcoin has a very good purpose in the society, Bitcoin is not permitted in some areas but still it is make a very big name through the help of a p2p transactions.
Moreover as a newcomer in the crypto world you should not totally depend on crypto currency, it has reasons.

In a normal circumstances it's not fair and encouraging for someone to use all his or her earn or savings to invest in cryptocurrency, because one of the major reasons while some people doesn't invest withdraw or panic to withdraw their investment money is as result of what they feel like, because they instinct do tell them that investing in bitcoin two things are involved and they should not allow the negative side of the investment to meet up with them, and that's while so many of them rash to cash out their investment, so investment in bitcoin you have to ensure that you use your spare money that will not bother no matter how long the investment may last.

Of course, smart investors knows this, not saying that everyone here is not that good or what, but if we have been in this situation before, we all know that we could step aside some money for investment in crypto that we are not going to touch for a long time and at the same time, we have money at a side that we used like everyday.

So in crypto investment, we really have to think on how we are going to approach everything so that we can stay here for a long time. And also the experience that we gain will also give us some edge as well, in my opinion.

The market never stays the same, but it is always in ups and downs which makes it very difficult to predict. Researching when the market will go down and when it will go up, most of the predictions are wrong. Many people are scared by these positive market signs, and they think that the bitcoin crypto currency is likely to go down further. When the Bitcoin market has a positive impact, it has the highest chance of going higher again. We have seen that people who are smart investors prefer bear markets over bear markets, because when the bears end, the bull markets appear.

The thread have been created almost a month back. By the time the price was around $29k and now it had fallen to the range of $26800. In between we were able to experience the peak price around $28k and it looks like the time to profit out of the fluctuation through trading practice. The market is volatile in nature, price predictions at times coincide with the real market bringing good profit. In all market situation we need to be prepared to face the worst market scenario. It helps us to tackle and stay on the safer side unlike the dip/bounce in market.