Healthy Pullback? Bitcoin Price Dips Back Below $5,300

[StockBet.com]

Healthy Pullback? Bitcoin Price Dips Back Below $5,300
https://www.coindesk.com/healthy-pullback-bitcoin-price-dips-5300/

Hmmm….how low will it go?

[DaMut]

of course it's a healthy pullback,
because the price right now pumped due to chain split and another coin will created based on Bitcoin aka Bitcoin Gold.
it's just matter of time for Bitcoin to reach its peak again in the future.
expecting another flash crash in the next few days before hard fork or sub $5000 and then consolidated.
we will see another crash after the split later on,and only last for two weeks or a month.
because we will be facing segwit2x in the next event.
just hold it tightly if you do not want to lose it,or sell it right now and buy it back later

[harizen]

Healthy Pullback? Bitcoin Price Dips Back Below $5,300
https://www.coindesk.com/healthy-pullback-bitcoin-price-dips-5300/

Hmmm….how low will it go?

I considered that as a good scene. This way we can test how strong the support is at above $5,000.

For every massive hard pump, it was expected that dump will follow. For how long it will goes, no one knows. If the price will still say at the current rate for long period of time or a pump happened again then we can say that resistance for $5000 already takes effect and we just need to wait for another correction which hopefully will landed at close to $6,000 for about couple of months or less checking.

[richardsNY]

You have to understand that there are people looking to cash out their sub $2000, $3000, $4000 coins at current levels. Let them cash out and enjoy their profits, the strong demand, if it's maintainable, will push the price back a day or two later. It has been the case since we have gone over the $1000 level, and there is nothing pointing at something else -- this is how well increased markets react. It's nothing to worry about, we can't expect the market to keep hovering around the exact same levels without people looking to exit the market.

[LFC_Bitcoin]

Back up above $5400 on Stamp right now, pretty impressive recovery. The communkty says no to sub $5k

[Lucid717]

There's really nothing healthy about it at all, as it was rendered quite moot as the price quickly climbed right back and is on it's way back to where it was to begin with.  I posted earlier that I see a decline happening (I refrain from referring to it as a "crash"), but didn't see it happening suddenly but steadily over the next few weeks and then possibly carrying on after the hard fork for awhile.  But what we just saw was exactly what I was talking about regarding more people getting into moving their money around that used to "hold" instead.  Especially those who got into the game late.

... but they really don't know exactly what they're doing, and miss the point.  Every time the price goes down 1 dollar they buy, then sell as soon as it goes back up 2 dollars.  The value will go nowhere at this rate, it's no wonder we see such stability lately.  And these people will never see the types of yields they want to see...  the type of yield you grab when the price drops from just below 3K to 2200, buy in at that price, then watch it soar to close to 4K and sell.  Then buy back in when the price falls down to the low 3000's, and watch it climb to close to 5K then sell again.  Watch it fall back down to the low-mid 4000's and buy back in, watch it climb just short of 6K and sell again, etc...  

That's the spirit.  That's where I'm at right now.  And here I thought this would indeed be a "healthy" correction for the movers & shakers, as well as the currency as a whole, luring in potential new investors... thinking I could buy back in once the price dipped down into the mid 4000's or so, but it was cut short by the noob movers & shakers with A.D.D. buying & selling habits.  At this rate the value will go nowhere... stuck in a perpetual range of 5400-5700.

[BillyBobZorton]

It looks like we broke downwards the forming ascending triangle, which is why we bottomed to near $5000:



The good news is, that bottom was probably it. Look how fast it has recovered from $5100 to $5400. Actually impressive:



As you see, we never went below the $5000 trend line on the daily chart, which means we have never stopped being bullish. This was one hell of a dip to buy, so congrats to buyers because we are going to test $6000 again soon.

[RejectedBanana]

At this rate the value will go nowhere... stuck in a perpetual range of 5400-5700.

It's been between 5400 and 5700 for exactly 7 days.

That's hardly perpetual.

[TravelMug]

Back up above $5400 on Stamp right now, pretty impressive recovery. The communkty says no to sub $5k

Yes, it was a good rally on the other side of side of the world.  . And it was fun to watch the price picking up then suddenly we are on $5400+ again. Marketcap is now $162B. Although the price is far cry from $5700-$5800, at least we are heading in the right direction. And wait till Japan and South Korea wakes up, I'm sure they will pick up what the Western side has left. And the community will not let the price go to sub $5000, we have work very hard to reach ATH a few weeks ago and we wouldn't let it go just like that. I just find it hard though, what causes this sudden slump that we are seeing, never heard any news that will really impact today's downtrend.

[Don Pedro Dinero]

I think it is quite healthy. If it went too far up fast next fall would be too low in a fast way as well and people would panic.

What is also happening is that bitcoin is quietly regaining market cap. It went down to 40% in June, mostly lost to Ethereum and stayed below 50% for most of the Summer but it slowly and steady going up, currently at 55.1%

[SimonJones]

As Bitcoin gains popularity and people are waiting for the dips, it's becoming harder and harder for the price to tank because there are so many buyers waiting to get in. We will keep see all time highs for many more months.

[Idrisu]

Healthy Pullback? Bitcoin Price Dips Back Below $5,300
https://www.coindesk.com/healthy-pullback-bitcoin-price-dips-5300/

Hmmm….how low will it go?

Of a truth bitcoin has a healthy pullback as we even have a pullback below  $5,154 around 3:pm gmt.However as at the time of making this post bitcoin has significantly recovery to close to $5,470.I do believe that traders are trying to take profits from the recent pump and nothing significant has happened. I believe in days to come we would witness another surge in bitcoin price. We are close to Sigwit2x activation and bitcoin gold 's splitting and in days to come we would see many whales investing into bitcoin in other to get free coins that will come out of the splitting.

[Rozita]

Those who don't care about Bitcoin Gold and and are satisfied with this Bitcoin price rise are selling their bitcoins. I don't think the price will drop to less than 5000 dollar. Soon there will be another fork ( Bitcoin Segwit 2x) which seems that to be more attractive than Bitcoin Gold. This will cause the price to rise very much again. Price falling won't last long.

[Unplugged]

of course it's a healthy pullback,
because the price right now pumped due to chain split and another coin will created based on Bitcoin aka Bitcoin Gold.
it's just matter of time for Bitcoin to reach its peak again in the future.
expecting another flash crash in the next few days before hard fork or sub $5000 and then consolidated.
we will see another crash after the split later on,and only last for two weeks or a month.
because we will be facing segwit2x in the next event.
just hold it tightly if you do not want to lose it,or sell it right now and buy it back later

I agree with you. The drop is just normal and it is healthy in my opinion. The current pricing drop is cause by some major hodlers cashing out money for their stashes. No need to worry since as of today the pricing is back at $5500.

[Indrawan77]

It is a totally fine pullback,  a lot of people has been expected this becauae the price had been going up without stopping,  and this pullback can become the chances to earn some profit,  so it is a good pullback,  i expected it can drop until $4500, but after that it will come back stronger

[Lagduf]

Healthy Pullback? Bitcoin Price Dips Back Below $5,300
https://www.coindesk.com/healthy-pullback-bitcoin-price-dips-5300/

Hmmm….how low will it go?

Already jumped back again, I was expecting it to be happened caused by we are still not seeing the fork. Any correction that could be happened before the fork should be considered as a little correction. The price back again to the 5500 and my guess another dip will be following after the hardfork will have done just like what already happened at the bch hardfork.

[aardvark15]

Healthy Pullback? Bitcoin Price Dips Back Below $5,300
https://www.coindesk.com/healthy-pullback-bitcoin-price-dips-5300/

Hmmm….how low will it go?

I think it was a healthy pull back. The price sometimes goues too high too fast and will then show a correction. This correction is very minor and therenot any recent bad news about Bitcoin, so I think this is normal. The price dropped close to $5100 and then increased, but it’s possible it will drop back down. I would not be surprised if the price went below $5000 at some point and even below $4000 is easily possible. I just look at those drops as buying opportunities.

[Pursuer]

these pullbacks are not only healthy but also necessary for the market to take a breath and correct itself. after each rise there should be something like this and it has always been so far. and this was one of the tiniest pullbacks so far with about 5% correction!

and since we don't have any kind of news so far to cause any kind of FUD and drop, this was 100% sure a correction and as you can see the recovery from the correction is also already done.

[Denker]

these pullbacks are not only healthy but also necessary for the market to take a breath and correct itself. after each rise there should be something like this and it has always been so far. and this was one of the tiniest pullbacks so far with about 5% correction!

and since we don't have any kind of news so far to cause any kind of FUD and drop, this was 100% sure a correction and as you can see the recovery from the correction is also already done.

Can't agree more than that.
This year's bullrun is how it is written in textbooks.
We move up, break resistance, create new ATH and test the former resistance as a new higher support level.
Rinse and repeat all the time this year. Beautiful stairway model!

[denny27]

Healthy Pullback? Bitcoin Price Dips Back Below $5,300
https://www.coindesk.com/healthy-pullback-bitcoin-price-dips-5300/

Hmmm….how low will it go?

If we see the change until now it looks like it's back to increasing buddy, the price movement at now seen moving towards higher direction continues to be far away leaving of $5300. But I don't know it will be last a long time above $5300 or not, it seems yeah I think it can stay on top $5300.