Wow. What a weak bear move

[alani123]

Why would you say that its weak? We're talking about billions in trading volumes in the last 24 hours and the market is still unable to make a return. 10k USD might break soon under such a market sentiment. Bitcoin's price has been dropping almost steadily after the peak.

[Enjel]

Why would you say that its weak? We're talking about billions in trading volumes in the last 24 hours and the market is still unable to make a return. 10k USD might break soon under such a market sentiment. Bitcoin's price has been dropping almost steadily after the peak.

Well, the reason is because I predicted, a few days ago, a bear wave (final one, then going back up) from ~10k - 11k down to test $8k - $9k, and instead the price just went from $9k to $13k.

So based on expectations of one more test at the support level ($8k - $9k), the current move seems very very weak.

If the price goes under $10k, which it might, it's nothing to worry about, in my opinion. It's only if $8k is breached - in that case I'm selling on the bounce. Anything higher than that, and it's buying time.

[J. Cooper]

Why would you say that its weak? We're talking about billions in trading volumes in the last 24 hours and the market is still unable to make a return. 10k USD might break soon under such a market sentiment. Bitcoin's price has been dropping almost steadily after the peak.

Perhaps we will touch down to $9k again but I don't think $8k Bitcoin is going to be very likely to happen. If we can maintain a position of $10k and above, I'm confident we will be in bullish ways very soon.

Bitcoin's price has been dropping almost steadily after the peak.

And rightfully so. We went up too fast too quickly.

[sjefdeklerk]

If you personally believe the US will ban Bitcoin, I guess your moves will be pretty easy.

More or less. I'm trading it with a short bias. So far so good.

[ene1980]

That bear move we just saw was so weak.
I was predicting (a few days ago) that we would see some last death struggles by the bears, which might bring us to retest the critical $9k support levels, or even $10k, before going to the MOON ($20k run).
So what's happening? We've been staying above $11k for the past few days. Are the bears really this weak?

The bear market was weak but the market went down because of the FUD news that is in the air regarding the ban of exchanges and once we have some clarity regarding that,the market will be like that,the market swings are not new when it comes to bitcoin and hence i would like to see the price above ten thousand and do not want to see that below that valuation.

[batang_bitcoin]

So what's happening? We've been staying above $11k for the past few days. Are the bears really this weak?

Probably this is the second wave of the bear. From what I can remember last time there's three batches of it and some experts told that after that 3rd wave that will be the rage of bitcoin moving upward. This is base on what happened during the mid of 2017 but it's still applicable I guess since we are giving different points and TA's here. My primary suspect that cause this bear is that because India is closing the bank accounts of the exchanges there so well as an opposite reaction there are misinformed people who taking that negatively and start to sell. Glad to see this bear being stable at $11,000.

[richardsNY]

This bear and bull talk has no meaning. This market is bumping up and down in the same way it has been doing that for the last few weeks. If the price jumps up, people act like the bulls are back, and when the price falls down again, the bears seem to have made a come back. It's just common volatility we're experiencing due to how thin the markets are. If we had more liquidity available, the market would remain pretty stagnant in times with no developments or other triggers helping the market forward. As long as we don't fall below the recent bottom, which was just over the $9k level, there is nothing really interesting happening. I still expect $13-$14k before the end of next week....

[aceptamosbitcoin]

That bear move we just saw was so weak.
I was predicting (a few days ago) that we would see some last death struggles by the bears, which might bring us to retest the critical $9k support levels, or even $10k, before going to the MOON ($20k run).

Yes, it is incredible, but we need to get ride of that. And no, it is not a bear move after all, this was just a little dip. Do you think that a real crash is just a little decrease of 20%? Of course not.

Of course this is just another dip and a chance for us to make some smart money from panic sellers.
I'm living from these moves because price is not synced on all exchanges

[tabas]

Why would you say that its weak? We're talking about billions in trading volumes in the last 24 hours and the market is still unable to make a return. 10k USD might break soon under such a market sentiment. Bitcoin's price has been dropping almost steadily after the peak.

We are not considering that billions in trading volume, if you are holding few bitcoins then you can't see any difference of it if you will only look at the prices. But $11,000 is a better price to see than $10,000 though.

If you personally believe the US will ban Bitcoin, I guess your moves will be pretty easy.

Kindly emphasize those moves.

[Enjel]

Why would you say that its weak? We're talking about billions in trading volumes in the last 24 hours and the market is still unable to make a return. 10k USD might break soon under such a market sentiment. Bitcoin's price has been dropping almost steadily after the peak.

We are not considering that billions in trading volume, if you are holding few bitcoins then you can't see any difference of it if you will only look at the prices. But $11,000 is a better price to see than $10,000 though.

If you personally believe the US will ban Bitcoin, I guess your moves will be pretty easy.

Kindly emphasize those moves.

someone who believes that Bitcoin will be banned by the US will be shorting it, and/or buying it on the bounces.

Certainly won't be holding for long-term.

[Torque]

If the U.S. wanted to ban Bitcoin, they've had 9 years to do it and still haven't done it.

Also if the U.S. wanted to ban it, they wouldn't have allowed the creation of a Bitcoin Futures market for it. But they did.

Also if the U.S. wanted to ban it, they wouldn't allow the creation of Bitcoin ETFs for it. But they will.

[sjefdeklerk]

If the U.S. wanted to ban Bitcoin, they've had 9 years to do it and still haven't done it.

Most countries that banned BTC did so recently. India being the latest, last night. So there goes that argument.

Also if the U.S. wanted to ban it, they wouldn't have allowed the creation of a Bitcoin Futures market for it. But they did.
Also if the U.S. wanted to ban it, they wouldn't allow the creation of Bitcoin ETFs for it. But they will.

CBOE can create futures on anything they feel is interesting. They're not government. Same goes for an ETF.

[Enjel]

If the U.S. wanted to ban Bitcoin, they've had 9 years to do it and still haven't done it.

Most countries that banned BTC did so recently. India being the latest, last night. So there goes that argument.

Also if the U.S. wanted to ban it, they wouldn't have allowed the creation of a Bitcoin Futures market for it. But they did.
Also if the U.S. wanted to ban it, they wouldn't allow the creation of Bitcoin ETFs for it. But they will.

CBOE can create futures on anything they feel is interesting. They're not government. Same goes for an ETF.

I've actually researched the "India ban", and it seems that it's fake news.

LOL look at how they put the correction in the smallest possible print:

https://cointelegraph.com/news/indian-banks-suspending-bitcoin-exchange-accounts

^The above article admits (in the fine print lol) that bank transfers for cryptocurrency haven't been impacted in any way, as of the 21st. Also, read the comments section. It's hilarious.

That means Bitcoin is not banned, period (since you can still put wires to crypto exchanges). Fake news, fake FUD.

[sjefdeklerk]

If the U.S. wanted to ban Bitcoin, they've had 9 years to do it and still haven't done it.

Most countries that banned BTC did so recently. India being the latest, last night. So there goes that argument.

Also if the U.S. wanted to ban it, they wouldn't have allowed the creation of a Bitcoin Futures market for it. But they did.
Also if the U.S. wanted to ban it, they wouldn't allow the creation of Bitcoin ETFs for it. But they will.

CBOE can create futures on anything they feel is interesting. They're not government. Same goes for an ETF.

I've actually researched the "India ban", and it seems that it's fake news.

LOL look at how they put the correction in the smallest possible print:

https://cointelegraph.com/news/indian-banks-suspending-bitcoin-exchange-accounts

^The above article admits (in the fine print lol) that bank transfers for cryptocurrency haven't been impacted in any way, as of the 21st. Also, read the comments section. It's hilarious.

That means Bitcoin is not banned, period (since you can still put wires to crypto exchanges). Fake news, fake FUD.

Read it again, they only misstated one bank. The others not. https://www.express.co.uk/finance/city/907786/bitcoin-price-india-cryptocurrency-trading-btc-exchange that article doesn't even mention that specific bank

[Enjel]

If the U.S. wanted to ban Bitcoin, they've had 9 years to do it and still haven't done it.

Most countries that banned BTC did so recently. India being the latest, last night. So there goes that argument.

Also if the U.S. wanted to ban it, they wouldn't have allowed the creation of a Bitcoin Futures market for it. But they did.
Also if the U.S. wanted to ban it, they wouldn't allow the creation of Bitcoin ETFs for it. But they will.

CBOE can create futures on anything they feel is interesting. They're not government. Same goes for an ETF.

I've actually researched the "India ban", and it seems that it's fake news.

LOL look at how they put the correction in the smallest possible print:

https://cointelegraph.com/news/indian-banks-suspending-bitcoin-exchange-accounts

^The above article admits (in the fine print lol) that bank transfers for cryptocurrency haven't been impacted in any way, as of the 21st. Also, read the comments section. It's hilarious.

That means Bitcoin is not banned, period (since you can still put wires to crypto exchanges). Fake news, fake FUD.

Read it again, they only misstated one bank. The others not. https://www.express.co.uk/finance/city/907786/bitcoin-price-india-cryptocurrency-trading-btc-exchange that article doesn't even mention that specific bank

Hold on.. I actually thought that there was a *ban*, not restriction(s) and regulations (perfectly reasonable) on Bitcoin, relating to banking.

And I have read the article - there is nothing stating a "ban". "Ban" is like China's ban, not additional restrictions.

[sjefdeklerk]

Hold on.. I actually thought that there was a *ban*, not restriction(s) and regulations (perfectly reasonable) on Bitcoin, relating to banking.

And I have read the article - there is nothing stating a "ban". "Ban" is like China's ban, not additional restrictions.

Banks are actively suspending accounts associated with BTC. I'm not really interested in definitions and terminology but to me that equals banning. They're going after accounts and exchanges.

[lablab03]

That bear move we just saw was so weak.

I was predicting (a few days ago) that we would see some last death struggles by the bears, which might bring us to retest the critical $9k support levels, or even $10k, before going to the MOON ($20k run).

So what's happening? We've been staying above $11k for the past few days. Are the bears really this weak?

this is not a bear trap cause the price didn't drop to much i think it drop because of its volatility,  and for sure bitcoin wil never go dip again indeed it will start to soar again after days or week.  

[Bloomie]

That bear move we just saw was so weak.

I was predicting (a few days ago) that we would see some last death struggles by the bears, which might bring us to retest the critical $9k support levels, or even $10k, before going to the MOON ($20k run).

So what's happening? We've been staying above $11k for the past few days. Are the bears really this weak?

this is not a bear trap cause the price didn't drop to much i think it drop because of its volatility,  and for sure bitcoin wil never go dip again indeed it will start to soar again after days or week.  

This was just a weekend dump. We've been having them pretty regularly now for the past few weeks. Nothing to worry about. Price is already close to 12k again. It wasn't really a big drop but people are in a panicky mode right now for whatever reason. The calm investor is the one that walks away with the gains.

[Herbert2020]

we currently are seeing a weak FUD move
practically after the bottom and as soon as price went back above $10k and continued rising, all those who sold at the bottom with panic and some other bears who want to accumulate more started their FUD campaign against bitcoin spamming everywhere how they "expect drop to $5k and around that number".
all these ban-news is a byproduct of that.

[sopromat]

I was predicting (a few days ago) that we would see some last death struggles by the bears, which might bring us to retest the critical $9k support levels, or even $10k, before going to the MOON ($20k run).
So what's happening? We've been staying above $11k for the past few days. Are the bears really this weak?

I do not understand why you are saying that this was just a "weak" bear movement. For me, the price is perfect at the moment, it is slowly dropping and it is just a new chance to keep buying some more.
But no, it will go down by a little bit more before pumping again.