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Author Topic: From today; 28.02.2024 - How low do you think the coming BTC dip will be..??  (Read 141 times)
DirtyDriver (OP)
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February 28, 2024, 10:47:52 AM
 #1


It just can not go one way to the moon - How deep will the next dip be, do you think..?
Julien_Olynpic
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February 28, 2024, 01:40:00 PM
 #2

There is actually panic buying going on now, and euphoria reigns in the market. Just recently, Bitcoin reached $60,000. It’s already very close to the historical heights. I assumed that Bitcoin would test the previous local high of $49,000 before further growth, but this did not happen. Someone is simply pumping up the price. Perhaps the price is still rising due to the liquidations of Shotists, anything is possible. During such periods, when a financial asset is close to updating its high, shadow analysis is often erroneous. There are too many emotions in the market right now. This is bad, because emotions often lead to the worst possible outcome.
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February 28, 2024, 01:49:47 PM
 #3


It just can not go one way to the moon - How deep will the next dip be, do you think..?

Yeah why, not its not gonna be an oneway, everyone needs to recognize this fact by their heart haha, need to be careful because a heavy liquidation is on the way, so be prepared this will be the last opportunity before the ATH, personally now this doesn't matter for those who had already accumulated Bitcoin in the early market. It was quite fast and now I can say that Feb was faboulus and will be market as golden month in bitcoins monthly gain chart.

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February 28, 2024, 02:16:09 PM
 #4

I'm actually worried about what would happen with the altcoin market after everything because you know the cycle is usually like this

BTC -> ETH -> ALTS -> NFTS -> RED MARKET

This is just what I have observed and I think we are back to the cycle and I can't wait what is in store for everyone here.

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February 28, 2024, 02:28:38 PM
 #5


It just can not go one way to the moon - How deep will the next dip be, do you think..?

Not so big as we think since if we look at the current condition we can definitely say that bullish condition is more stronger than any bearish scenario. That's why its no sense to get afraid if you think about possible dip since for sure once there's fall there would be a lot of people would provably accumulate that's why there's no need to get afraid on situation since to many people still think about that more price pump to come since a lot of hype and positive scene happened recently.

We are still not near into halving month but for sure we can see more for bitcoin. But as other say altcoins might have chance to fall since bitcoin dominance will became more stronger since the focus of investor now is for bitcoin and the main priority to have is this coin due to halving and bull run reasons.

R


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February 28, 2024, 10:26:55 PM
 #6

It just can not go one way to the moon - How deep will the next dip be, do you think..?
I think there will come a dip but when BTC makes a new ATH, means when it crosses the target of $69k after that we might see huge selling pressure and that will dump the market, but keep in mind that that dump won't be forever, but it will provide us a good opportunity to fill our bags again with that coin and seed profit. As when we will get to know the dip is coming we can book some profit and buy those funds to enter the market again.

In my opinion, BTC if taken corrected will be in the range of $40k to $55k, that's a big and rough guess but those who still think BTC is coming back to $35k or $30k, they should change their perspective now and should accept that the flight of BTC has taken off now and now there is no coming back to this point.

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February 28, 2024, 10:36:11 PM
 #7

It just can not go one way to the moon - How deep will the next dip be, do you think..?
I think there will come a dip but when BTC makes a new ATH, means when it crosses the target of $69k after that we might see huge selling pressure and that will dump the market, but keep in mind that that dump won't be forever, but it will provide us a good opportunity to fill our bags again with that coin and seed profit. As when we will get to know the dip is coming we can book some profit and buy those funds to enter the market again.

In my opinion, BTC if taken corrected will be in the range of $40k to $55k, that's a big and rough guess but those who still think BTC is coming back to $35k or $30k, they should change their perspective now and should accept that the flight of BTC has taken off now and now there is no coming back to this point.
Surely the dip will be possible or is possible, but what I see is that yes, the dip might come after the bitcoin price sets another all-time high or ATH. I know all bitcoin investors want that to happen, and based on the current movement and happenings, it might happen, but of course there's still a risk for those who panicked buy. Because of the hype all over the place, I'm sure there are a lot of people that are buying bitcoin. That's one of the reasons why bitcoin is still rising because of the demand of those investors. If the investors keep their holdings even after bitcoin reaches new heights, then there might be no correction. Yes,  there is still a dip, but it will not be too deep. Anyway, whatever happens in bitcoin, I will just hold some of my holdings and sell some if it sets another ATH.

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February 29, 2024, 07:55:07 AM
 #8

Once this parabolic move is over and those huge ETF institutions stop buying more then there will come a dump in the market which might take Bitcoin's price once again at $55k and below. I was expecting that high of this parabolic move would be only $62k but yesterday it crossed that number also crossed $64k. Now I can't really say anything about this parabolic move peak. It might get a push once again and if that happens then there's a big chance that Bitcoin may make a new ATH and reach value of $70k.

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February 29, 2024, 12:03:23 PM
 #9

The depth of the decline depends on the extent of the rise. If the price stops below $63,000, a strong correction may take us back to $38,000, but most likely we will be between $42,000 and $48,000. If the price moves more than that, we rarely see a correction of more than 50%, which means that we will not see the $30,000 levels again. The price movement in the coming days will determine how far the bottom will be and whether we will witness something abnormal in the current session.
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February 29, 2024, 12:11:11 PM
 #10


It just can not go one way to the moon - How deep will the next dip be, do you think..?
Discussing about the dip while the market is in bias bullish is a waste of time because the Dip level is unknown and might take time to occur.

It’s very hard to predict something that you don’t have any basis. The dip depends on the severity of the market condition. There’s a chance that it will not go lower to the previous low if there will no major negative news against Bitcoin. It’s more entertaining on predicting what will be the new ATH on bullish market rather than predicting the lows.

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February 29, 2024, 12:53:56 PM
 #11


It just can not go one way to the moon - How deep will the next dip be, do you think..?
we have to see how high the peak will reach BTC. Some observers are of the opinion that BTC will make a new ATH and its capabilities have not been detected until a certain price.
The decline is related to market capacity. A correction when the high pump has already occurred will be synonymous with a very deep decline. that happened when seeing the BTC situation reaching its final ATH. and how deep the correction can occur, of course, we cannot predict that when the pump achievement has not yet finished here.

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February 29, 2024, 01:28:32 PM
 #12

Can set up to 50% if it is on this current run. But I doubt it that we will see that, we will see some slips but they're too minimal. Just as how we typically see it recover after a correction comes, that's being rebounded and haven't felt by everyone afterwards.

But why think of the dip if we're not yet on the bear market?

There's still a long way to go for this bullish market to thrive so enjoy every phase of it.



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March 01, 2024, 10:01:23 AM
 #13


But why think of the dip if we're not yet on the bear market?

There's still a long way to go for this bullish market to thrive so enjoy every phase of it.

My thoughts too, why worry about the dip or how low it'll go when we're not entering the bear run yet, there's so much to look forward to in this bull run that's building up. Along the way to Bitcoin price pump to it's estimated $100k and above mark, I know that there can be some minor dips along the way, but it'll not affect it's journey to reaching a new ATH before we'll start thinking of when a major dip will occur. When the dip eventually occurs after the bull season, if it hits $100k and above, then I don't see price dumping bellow $40k in bear run.

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March 01, 2024, 11:59:39 AM
 #14

It just can not go one way to the moon - How deep will the next dip be, do you think..?
There is huge demand as effects from Bitcoin Spot ETFs while supply is decreasing with less available Bitcoin on OTC markets and halving in April will reduce new supply more.

Bitcoin will have dip after rising many months but will a dip happens after it breaks out and makes a new all time high or will a dip occur after Bitcoin fails to break out. Two big questions for two opposite movements of Bitcoin.

I don't know it will move up or down but I expect a big candle with about $10,000 price change either up or down in coming days.


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March 01, 2024, 04:56:13 PM
 #15

No one surely knows but if you look at the ATH and the lowest price of after the ATH, the ATH was probably around 3 to 4 times of the lowest of bitcoin after that ATH so basically, once we've reached an ATH again which is likely to happen and then it starts to go down again without any kind of signs of going back up to put the bar much higher for a new ATH then from there, you can just divide the ATH to 3 or 4 and then there, you'd have some rough estimate as to what's the possible lowest price that bitcoin can go, and if you're looking for that, it's a good idea if you actually consider saving some fiat now so when that time comes, you're not going to be mad that you didn't bought when it was at it's lowest.

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March 03, 2024, 02:42:14 PM
 #16


It just can not go one way to the moon - How deep will the next dip be, do you think..?

It's hard to predict when and in which intensity the next dip is going to occur. For that I would look at past dips and try to extrapolate it to the future. The last lowest bitcoin price was around the 16-17,000 USD, which is so far away from the current prices. Now with the next halving coming up and bitcoin ETFs being approved, I don't see any chance for Bitcoin to drop below the 20,000 USD level again. Once we get close to those levels again I would expect new asset managers to enter the market and buy heavily to create their own ETFs. As for how long the dip could last, I would link that to the general economy. If the world falls into the next crisis it all depends on how fast we can resolve that crisis, but in general a dip shouldn't last longer than a few month. We survived so many crisis in the last 5 years and bitcoin is looking stronger than ever, I think we are doing fine.
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March 03, 2024, 03:00:10 PM
 #17

I'm actually worried about what would happen with the altcoin market after everything because you know the cycle is usually like this

BTC -> ETH -> ALTS -> NFTS -> RED MARKET

This is just what I have observed and I think we are back to the cycle and I can't wait what is in store for everyone here.
Altcoins rallied a lot recent days and the capital flow above is true. I think if Bitcoin continues sideway, altcoins will continue their rallies when investors will move their capital from Bitcoin as its boring sideway, to altcoins.

However it will be very last green days for altcoins before we will witness a massive correction in cryptocurrency market, starts with Bitcoin, Ethereum and blood will be everywhere. Corrections will be very bad for people who gamble with leverages get liquidations but for the whole market, corrections are necessary to continue the bull market.

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March 03, 2024, 04:56:01 PM
 #18

It just can not go one way to the moon - How deep will the next dip be, do you think..?
I think there will come a dip but when BTC makes a new ATH, means when it crosses the target of $69k after that we might see huge selling pressure and that will dump the market, but keep in mind that that dump won't be forever, but it will provide us a good opportunity to fill our bags again with that coin and seed profit. As when we will get to know the dip is coming we can book some profit and buy those funds to enter the market again.

In my opinion, BTC if taken corrected will be in the range of $40k to $55k, that's a big and rough guess but those who still think BTC is coming back to $35k or $30k, they should change their perspective now and should accept that the flight of BTC has taken off now and now there is no coming back to this point.
Bitcoin can go into a bit of a deep mood at any time. However, from the market momentum we are seeing, it seems that Bitcoin will not turn bearish soon. Even if there is a temporary concussion, it will recover. If Bitcoin wants to go deeper again, it can definitely stay above 50k. But it is difficult to predict the dip that will come right now. But there is no denying that the market could go down again at some point. If the current uptrend holds and if we see another new ATH then the market may correct a bit at that time. But investors must be prepared in this regard.

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March 03, 2024, 05:15:51 PM
 #19


It just can not go one way to the moon - How deep will the next dip be, do you think..?
No, it can't. Cryptomarkets “breathe” up and down, that is, it fluctuate.

The fall will be approximately a mirror image of the growth. I want to say that if you look at the bitcoin chart for past years, then each subsequent jump is accompanied by a fall that is just as sharp, almost identical, and forms a “candlestick” shape. The question is how long will the growth continue, because it will be followed almost immediately by a fall. I assume that the dip will not be much below the bottom of the “candle”, since the market is at the growth stage. We are on the threshold of new heights.

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March 04, 2024, 07:58:38 PM
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56826?
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