One last dip before moon?

[alyssa85]

Anyone who is expecting a strong reversal will be in for a very big disappointment. The bitcoin market does not work that way, not anymore after institutional investors came in.

Bitcoin is in a stage where there will be small pumps followed by stronger dumps, and then a long moment of going up and down in a range near the bottom.

@alyssa85. But that is a log scale. Try drawing trendlines with a regular scale.

Log scales give you a better idea of what is going on, especially if there are large movements.

[nightfury]

Hope that everyone who wanted to invest have caught the dip and buy on that point of market price. If we look at bitcoin's graph today, it's evident that the day of crisis for cryptocurrencies is already over. I think bitcoin now is ready for take off and once again break the 20,000$ ceiling once more.

[finzyoj]

Anyone who is expecting a strong reversal will be in for a very big disappointment. The bitcoin market does not work that way, not anymore after institutional investors came in.

Bitcoin is in a stage where there will be small pumps followed by stronger dumps, and then a long moment of going up and down in a range near the bottom.

@alyssa85. But that is a log scale. Try drawing trendlines with a regular scale.

Of course, no one knows what will happen to the price of bitcoin and even if you are the kind of person who spends time analyzing and understanding the market, you will still never guess and predict what will be after this dip. It is possible that the price will skyrocket again but it is also possible that the price will climb but not as how much we suspect it. Worst, the price will go lower after this slight recovery in the price.

[azguard2]

Many suggest that price will go up but somehow price is little more stabilizing at the moment maybe this weekend will bring something new to price change but we seen that mainly when weekend comes price goes down a little. Maybe we will see little different now and maybe price will go up for change.

[Agamemnus]

It is going to the moon now!

[JL421]

No it shouldn't happen recently itself the price fell for bitcoin another fall wouldn't make a difference it would simply destruct the overall market , I have been holding ethereum since 100 and today it increased by 10 times so it shouldn't fall again

[marcuslong]

Anyone who is expecting a strong reversal will be in for a very big disappointment. The bitcoin market does not work that way, not anymore after institutional investors came in.

Bitcoin is in a stage where there will be small pumps followed by stronger dumps, and then a long moment of going up and down in a range near the bottom.

@alyssa85. But that is a log scale. Try drawing trendlines with a regular scale.

Log scales give you a better idea of what is going on, especially if there are large movements.

Practically we are going to witness those rapid movements for several changes as it took so long time to fluctuate. We could not predict even more accurate this time, but that dip always depend on how people of new interest will have to demand more prior pumping of the price hits the moon. Just like what we've experienced from the past while bitcoin was still at $1000, nobody could really expect that nowadays we're seeing bitcoin price to be realistic as what has been speculated on this forum talks. So its suggested to be more calm after another dip happens and prepare for that price to the moon in sooner time.

[Xardasim]

I think all incidents are finished and bitcoin is raising when it will reach min. 20k. All market seems great so we can see the bull market no matter what big guys think about future of cryptocurrency. if your have BTC or other altcoins in my opinion you would hodl and you must add other good altcoins which will earn more profit than BTC.

[bobtylen]

I think all incidents are finished and bitcoin is raising when it will reach min. 20k. All market seems great so we can see the bull market no matter what big guys think about future of cryptocurrency. if your have BTC or other altcoins in my opinion you would hodl and you must add other good altcoins which will earn more profit than BTC.

expect the unexpected

[AjithBtc]

I think all incidents are finished and bitcoin is raising when it will reach min. 20k. All market seems great so we can see the bull market no matter what big guys think about future of cryptocurrency. if your have BTC or other altcoins in my opinion you would hodl and you must add other good altcoins which will earn more profit than BTC.

I too have the similar thinking that all dips for the ongoing price increase is over. Further small scale drops as well minor fluctuations will take place for a while taking the price reach $20000 and mark a new ath. This too is not the assured fact, but based on the analysis going through the chart I believe this could happen.

[terrific]

this last dip gonna going to be "deep"
i predict $4k maybe $3.500

I'm not thinking this way. $3,500 - $4,000 seems to be low and $6,000 is the final blow for this dip and that shall be the deep.

expect the unexpected

What do you mean expect the unexpected? We are going to the moon now?

I think all incidents are finished and bitcoin is raising when it will reach min. 20k.

We can't tell, it's too early to tell this thing.

[Kemarit]

Anyone who is expecting a strong reversal will be in for a very big disappointment. The bitcoin market does not work that way, not anymore after institutional investors came in.

Bitcoin is in a stage where there will be small pumps followed by stronger dumps, and then a long moment of going up and down in a range near the bottom.

@alyssa85. But that is a log scale. Try drawing trendlines with a regular scale.

I initially though that when institutional investors enter the picture it would make a big impact on us which it really did, pushing the price to almost $20,000. But now, it seems they have changes how investors look at bitcoin right now. In the past, we have seen strong reversals after a big dump, but today its seems that investors are very reluctant and playing the waiting game. Right now the pump are not that strong and sustainable as everyone is expecting. There's still minor dumps along the way, derailing the momentum that the bulls are trying to set up. However, we need to adopt with this changes in the market, its better to see bitcoin price going up slowly and steady rather than the rush that we have seen before. At least investors are very cautious and rational, but at this price is still a perfect time to get into the ecosystem because its really cheap at the moment.

[Apened]

hey everyone
i was looking at bitcoin charts
and i feel like we are in a replay atm
if what i think is right then we still have 1 more dip before back to $13k~15k
BUT
if this happen
IF THIS REALLY HAPPEN
this last dip gonna going to be "deep"
i predict $4k maybe $3.500
if bitcoin hit $9k before this.. i'm gonna sell everything to rebuy later
someone think like this too?  

I was awaiting for the bullish trend this week to watch what will actually happen because im still doubting and for some reasons im following many Technical analysis, techniques of some big people and they are saying it might be down for about 4k+ usd by using fibonacci thats why im waiting however if it rise more than 9500 i will buy again on that price range.

[alyssa85]

Anyone who is expecting a strong reversal will be in for a very big disappointment. The bitcoin market does not work that way, not anymore after institutional investors came in.

Bitcoin is in a stage where there will be small pumps followed by stronger dumps, and then a long moment of going up and down in a range near the bottom.

@alyssa85. But that is a log scale. Try drawing trendlines with a regular scale.

I initially though that when institutional investors enter the picture it would make a big impact on us which it really did, pushing the price to almost $20,000. But now, it seems they have changes how investors look at bitcoin right now. In the past, we have seen strong reversals after a big dump, but today its seems that investors are very reluctant and playing the waiting game. Right now the pump are not that strong and sustainable as everyone is expecting. There's still minor dumps along the way, derailing the momentum that the bulls are trying to set up. However, we need to adopt with this changes in the market, its better to see bitcoin price going up slowly and steady rather than the rush that we have seen before. At least investors are very cautious and rational, but at this price is still a perfect time to get into the ecosystem because its really cheap at the moment.

Lots of institutional investors buy on margin. And when the stock market is falling, they try to protect their overall portfolio by selling their most risky assets - and that is cryptocurrency.

It's important to understand that institutional investors are not hodlers, nor are they here because they believe in the tech. They're just here to make a profit.

[Sanugarid]

hey everyone
i was looking at bitcoin charts
and i feel like we are in a replay atm
if what i think is right then we still have 1 more dip before back to $13k~15k
BUT
if this happen
IF THIS REALLY HAPPEN
this last dip gonna going to be "deep"
i predict $4k maybe $3.500
if bitcoin hit $9k before this.. i'm gonna sell everything to rebuy later
someone think like this too?  

It would be a good idea but we just really don't know what will happen to its market value. Bitcoin is volatile in nature so fluctuations are always expected. But I suggest you to just hold it and avoid selling it whenever its market value is already falling since it will just contribute to the dumps which will make its market value to fall even more. Just be optimistic with the market value of Bitcoin.

[1Referee]

I initially though that when institutional investors enter the picture it would make a big impact on us which it really did, pushing the price to almost $20,000.

It weren't institutional investors having steered the market to near $20,000 levels last year, but the mega speculation gamblers focusing on the future markets going live at that time. The idea was that if institutions were able to enter through these futures, that the entire market would explode, but nothing happened at all. The future markets turned out to be nothing more than a big disappointment with joke volumes. I feel a tiny bit sorry for those who settled their long contracts at $20,000 at the moment CME entered the game. Ok, admittedly, it takes some nerves to short Bitcoin in an extremely bullish phase, but some basic market understanding and common sense would help.

[trickyriky]

hey everyone
i was looking at bitcoin charts
and i feel like we are in a replay atm
if what i think is right then we still have 1 more dip before back to $13k~15k
BUT
if this happen
IF THIS REALLY HAPPEN
this last dip gonna going to be "deep"
i predict $4k maybe $3.500
if bitcoin hit $9k before this.. i'm gonna sell everything to rebuy later
someone think like this too?  

Those guys who were not in time to buy their Bitcoins are sure waiting for this dip to get BTC. I do not think however that it will be the greatest fall again.

[fulmetal08larz]

In my opinion, the institutional investors who are buying large volume of BTC as we're seeing in this consolidation stage of the market wouldn't let the BTC price to go down below $7.5k level. They will wait for another hype, that will be the time for them to distribute their positions to the newbies in the market. In this volatile world of crypto, you should anticipate the moves of the anticipators.

[Yamifoud]

Good thing to see that bitcoin price are moving out from it's dip.  I think FUDs are getting over and it's time to buy some coins cause it will surely going through @9k for sure or more in few from now.  Do it have possibilities to dump but it won't  go far and it will back again. 

[bobtylen]

this last dip gonna going to be "deep"
i predict $4k maybe $3.500

I'm not thinking this way. $3,500 - $4,000 seems to be low and $6,000 is the final blow for this dip and that shall be the deep.

expect the unexpected

What do you mean expect the unexpected? We are going to the moon now?

I think all incidents are finished and bitcoin is raising when it will reach min. 20k.

We can't tell, it's too early to tell this thing.

no moon till china back to the game