Bitcoin faces crash again.

[alyssa85]

It is NOT A CRASH, when are you going to understand that? It is just a dip! The price went from $13,000 to less than $10,700, that is less than 16%. It can not even be compared with a crash.

This.

It's not a crash. Some people are just taking profits prior to the first batch of CME futures contracts expiring on Jan 26th.

Be calm, it will pass.

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[hiVe]

people are waiting the good news to buy Bitcoin. today, the Korea government notice that they will collect tax the exchanges. That means they wont ban cryptocurrency. I wont be surprised if bitcoin will rise up soon.

[imapessimist]

I don't think there's any chance it will be £20k by the end of the month.  The most people can hope for is that it doesn't fall much below 8k. If it goes down to 7k that's quite bad. People should be very cautious at times like this.  It's not the time to go charging in with your life savings.  If you think the price is low then by a smaller amount then if it drops more you won't have lost much.  These billionaires whales can afford to lose a lot on a gamble.  Ordinary folk can't.  

[olubams]

As we can see right now, bitcoin is going down again to $10,000, so the question is, when do you think will this repeating crashes end and reaches back to $20,000 again?
What will be the lowest value of bitcoin in the end of January?
Will it be able to recover back to $20,000 by the end of this month?

I am sure a lot of people must have been surprised by this and a lot of theories I am further to see on the forum. The time when bitcoin will touch $20000 again, the answer is no one knows the value it will be in January, no one also know. The true fact is that January Is known to be a slow turn of events and I wouldn't keep my hopes so high not to get disappointed by predicting unnecessary outcome for price. Let all.just take the day as it comes.

[Dudy]

I think during this three month up to April bitcoin will go down because some countries are banded it and even today some investors decide to sell there bitcoin due to unstable price but after that more people will trust on it and more people will bought it for future prices  

[hitrawal91]

As we can see right now, bitcoin is going down again to $10,000, so the question is, when do you think will this repeating crashes end and reaches back to $20,000 again?
What will be the lowest value of bitcoin in the end of January?
Will it be able to recover back to $20,000 by the end of this month?

Well this month crash was something big which we as a trader never expected and now we are in a deeper correction and i think this crash is going to continue till this month end and also it may continue to next month also if there is no signs of strength seen by this month end.And i can see that there are no chances to reach again to $20,000 price levels and this month lowest value is expected to be around $9000-$8000 and this is where the current market is trading.By thi month there are no chances to reach $20,000 again as there are weakness spread all over the crypto market and it is better to stay away than making  some loss trades/

[benalexis12]

It's part of manipulation in the market, but if you're a trader that know's technicals you could understand very well. It's a yearly drop off and that happens every 1st month of the year until such time it will make a good correction then that's the time bitcoin will increase.

[jpespa]

Judging from what we are witnessing, i won't expect bitcoin to go higher fast in january. We can expect that it will go higher soon but don't expect too much that it will just skyrocket in 1 month. You may just disappoint yourself if your expectations are so big.

[DrGuns4Hands]

Dont keep on guessing and panicking. Bitcoin is unpredictable and no one can guess what will happen next. So just stay focus and responsible. Be patience in whatever that may happen.

[Alex789]

I do not think bitcoin will lose the market because people will not be able to predict whether it's going down. But do not be afraid of people's confidence in bitcoin is still very high in the market.

[roshanface123]

I already expected it because the sudden fall terrify all bitcoin holders once so I'm sure they will keep a distance on making more investments. So this lack of demand make couse to fall down it's price.

[nl247]

I saw this coming anyway. There was not much of a bull strength to kick the bears out of the way. However, I like the repeated pattern for now and how fast it came, so at least we can just clear the whole bearish trend out of the way instead of the slow and steady downtrend which can be dangerous. I keep repeating that a very good news right now will help the market and I am sure even the whales will not want bitcoin to get pushed down lower than $8k if it ever manages to hit that value.

[peter0425]

I saw this coming anyway. There was not much of a bull strength to kick the bears out of the way. However, I like the repeated pattern for now and how fast it came, so at least we can just clear the whole bearish trend out of the way instead of the slow and steady downtrend which can be dangerous. I keep repeating that a very good news right now will help the market and I am sure even the whales will not want bitcoin to get pushed down lower than $8k if it ever manages to hit that value.

This maybe a case of a bull trap, as one posters said a few days ago, however, it doesn't mean that the bears will remain the market. This is just another test, and I'm seeing bitcoin recovering specially when we enter the month of February in about a week. There's just to much uncertainty in the air, causing the bulls to lose its grip, but I'm sure that they will be back.

I don't think there's any chance it will be £20k by the end of the month.  The most people can hope for is that it doesn't fall much below 8k. If it goes down to 7k that's quite bad. People should be very cautious at times like this.  It's not the time to go charging in with your life savings.  If you think the price is low then by a smaller amount then if it drops more you won't have lost much.  These billionaires whales can afford to lose a lot on a gamble.  Ordinary folk can't.  

We have been involving ourselves with that much awaited $20K. I guess it should take a back seat and not to think about it. Long term we are going to touch and surpass it, definitely, what we should do for now is don't do panic selling. Bitcoin may be down, but not out. With its proven track record, its just a matter of time that it will rebound from all this crash.

[InvoKing]

As we can see right now, bitcoin is going down again to $10,000, so the question is, when do you think will this repeating crashes end and reaches back to $20,000 again?
What will be the lowest value of bitcoin in the end of January?
Will it be able to recover back to $20,000 by the end of this month?

Personally I prefer that the Bitcoin price keeps fluctuating between $11-13k for few months in order to collect as much as possible then i will never mind seeing it pass the $20k barrier.

[CodyAlfaridzi]

As we can see right now, bitcoin is going down again to $10,000, so the question is, when do you think will this repeating crashes end and reaches back to $20,000 again?
What will be the lowest value of bitcoin in the end of January?
Will it be able to recover back to $20,000 by the end of this month?

You better stop expecting Bitcoin to go back to $20,000 from now. It's getting very unlikely, at least in the near future. Even the hope of holding on to $10K is diminishing. I'm getting worried we might go to $8K-$9K soon.

When will it go back to 20K? Probably in 6-12 months. Lowest value? that $8K will be a good support.

[DustyRah]

Good time to collect up and wait for the next wave~

[sjefdeklerk]

IT IS NOT A CRASH !! IT IS BECAUSE CHRISTMAS SEASON!!!

[mike4001]

IT IS NOT A CRASH !! IT IS BECAUSE CHRISTMAS SEASON!!!

How long are you going to play the "Christmas" card?

It´s almost February ...

[zazzbg]

IT IS NOT A CRASH !! IT IS BECAUSE CHRISTMAS SEASON!!!

How long are you going to play the "Christmas" card?

It´s almost February ...

Until you get the joke he's making.

[KwizatzHaderach]

Confidence in Bitcoin still high. Seems fees have gone down also. Probably more stable recovery around February.