BITCOIN Price surges over 9k$ but suffers massive dump

[fiulpro]

Hey everyone
Finally we did attain a milestone of 9000$ that was long awaited.
We we're actually dancing between the price of 8.5k and 8.7k $.
Unfortunately it suffered a massive dump and lost 500$,
Now trading at near 8.5k $ , it's hard to see the market pull through if we just sell at those important moments.
What I feel is , it's moment like these that actually are the most critical for any market , if people support and if they instead of selling hold onto that , the price will only become stronger .
It could have been 10k $ , but let's just hope this pit gets filled soon.
Also the good thing is , even after the huge sell off it still managed to trade @8.5k $ , that's why I believe the bull Market is going to take it way further than we can imagine.

[boyptc]

People won't have that urge if tell them to support instead of selling. It's normal to see people start selling after hitting their supported price and set-sell for a long time.

Don't worry because it will be filled later and we'll still see some push ups after this quick dip.

[harizen]

That is nothing to be worried honestly. Just take note what's the price 24 hours ago. We are still "here" and not to the point that it destroyed the considered last established wall.

Good thing it didn't pass through a much higher level. Just imagine how weak will be the support there.

No need to rush things. Just focus on accumulation.

[thunderbitz2717]

As long as the price of bitcoin has an average rise for a week, there's nothing to worry about. We are on a very volatile market. Considering also that a lot of investors and traders these days, meaning a huge number of transactions happening. It's normal to have fall back.

[Duzter]

That is nothing to be worried honestly. Just take note what's the price 24 hours ago. We are still "here" and not to the point that it destroyed the considered last established wall.

Good thing it didn't pass through a much higher level. Just imagine how weak will be the support there.

No need to rush things. Just focus on accumulation.

It is time to accumulate as there is more growth to happen in the falling weeks. We can experience a transition of the market from the support to some new resistance level. This is being getting achieved often with the price moving within some price range and further increasing a little. This has slowly increased little by little overcoming the fluctuations, and the same could easily get to break barriers. As a part we got to break $9000, which will be found to be a stable price above which fluctuation will take place marking the bull trend.

[Adriano2010]

Indeed is not need to worry this also happen after it start grow this year, and after we had 8000$ go to 7100$ and after grow, i think the grow will continue even if we have this kind of drop.

[Ranly123]

Hey everyone
Finally we did attain a milestone of 9000$ that was long awaited.
We we're actually dancing between the price of 8.5k and 8.7k $.
Unfortunately it suffered a massive dump and lost 500$,
Now trading at near 8.5k $ , it's hard to see the market pull through if we just sell at those important moments.
What I feel is , it's moment like these that actually are the most critical for any market , if people support and if they instead of selling hold onto that , the price will only become stronger .
It could have been 10k $ , but let's just hope this pit gets filled soon.
Also the good thing is , even after the huge sell off it still managed to trade @8.5k $ , that's why I believe the bull Market is going to take it way further than we can imagine.

It's not that massive as what you think it is. It was just a $500 drop and you say massive? I don't think Bitcoin reaching $10k by this month but hopefully the current drop will be recovered.

[Gabteb]

Its a normal situation we have correction then it will go higher again we saw that before so don't think we need to terrible about that so people get their profit and sell we will see 9k soon i am sure about that just must be an optimist and wait.

[samcrypto]

As long as the price of bitcoin has an average rise for a week, there's nothing to worry about. We are on a very volatile market. Considering also that a lot of investors and traders these days, meaning a huge number of transactions happening. It's normal to have fall back.

We are still good and its just happen that we always go back to the bottom price of the day and after that will start to rise again. Not just bitcoin but also some altcoins are down, but we must not worry because its a temporary down. Bitcoin will be good at the end of 2nd quarter, we are beyond $9k and will go for another peak.

[LUCKMCFLY]

These bitcoin movements are very good, in fact, have gone up to $ 9k clearly indicates that you are testing offer at this price level, which means that the low prices may have already eliminated the offer and Strong Hands are entered into price levels to increase the market much more. The correction has been very slight, but by reviewing tensorcharts.com I have seen a lot of purchases, not so many sales.

[kawetsriyanto]

I was also surprised by the super-fast movement of Bitcoin a few hours ago. BTC prices are very volatile and this can be a good thing for experienced traders.
At present, BTC itself has decreased slightly to approximately -4.60% at $ 8,278.30.
However, it does not rule out the possibility that the price of Bitcoin will go up again.
We should always monitor the development of the market and graphics more carefully so that we can decide the accuracy of decision making.

[muratsink]

simple explanation.  but enough to describe the current market conditions of BTC.  there are only 2 choices for us.  buy or hold.  selling only makes us regret at the end of volatility.  so.  I always collect small pieces of BTC by converting altcoins to BTC.

but I always make every step of the development of BTC by check point.  and in my opinion.  BTC first check point is $ 10000.  and not yet reached.

[Ailmand]

We can't force people to hold. They will surely dump once the prices go high. People's decision is uncontrollable but I'm sure that the price will surely rise up again after that huge dump. Lucky are those who are continuously holding despite all the changes in the market.

[klaaas]

I was also surprised by the super-fast movement of Bitcoin a few hours ago.

I also was a bit surprised but it had to happen somewhere along the way up. It is still fighting around the 8.3k at the moment so the masses dont seems to be panicked that much.

[Genemind]

I was also surprised by the super-fast movement of Bitcoin a few hours ago.

I also was a bit surprised but it had to happen somewhere along the way up. It is still fighting around the 8.3k at the moment so the masses dont seems to be panicked that much.

It's surprising and I was also surprised that the prices could go down that fast.
Panicked buying struck down the price. I won't get surprised if we wake up again with $9k value.
Bitcoin has been really unpredictable and is always changing.

[rodel caling]

Stay cool control your emotions and nothing worried just stay your patience and relax yourself, every holders have a margin price to themself when the eight time to sell their bitcoin.
8500$ to 8700$ bitcoin moving since last week is stay strong when always monitor the price in the coin market cap the price is upsurge more than 9000$, so thins coming month possible bitcoin hit 10,000$.

[tippytoes]

Stay cool control your emotions and nothing worried just stay your patience and relax yourself, every holders have a margin price to themself when the eight time to sell their bitcoin.
8500$ to 8700$ bitcoin moving since last week is stay strong when always monitor the price in the coin market cap the price is upsurge more than 9000$, so thins coming month possible bitcoin hit 10,000$.

Short-term traders can still benefit in this situation, whereas, long term holders can still wait for the continuous growth of bitcoin. This up and down movement will always be here in the crypto trading market. Nothing really unusual for this price movement. We can only hope that it gets better and better.   

[nydiacaskey01]

From $9,000 down to $8,250 is not a massive dump, its just 8.3% drop and that is not new because if we look at the price history of Bitcoin there are more or there times previously the Bitcoin suffered huge loss after surging up to 10% specially today that we approach the weekend, expect that it will continue to drop and recover again on the first 2 days of the week.

[Indrawan77]

The price now show a good stability and seems like the up trend will still going up, the correction show that the market still in healthy condition, the most important is the price stability not reaching a certain number, there is no used if the price go high but got huge correction

[maianh09]

The market started to change, and I saw all red. Bitcoin prices have dropped to $ 8200 after hitting $ 9000 a few hours ago. I expect Bitcoin to reach the price of $ 9000 in the following month after the current price adjustment ends. It may last for a few more days until the correction period ends.