BITCOIN Price surges over 9k$ but suffers massive dump

[levyashin]

It was a huge pump and a dump after.

They rekt margin traders. I also can't understand how anyone can do margin trading for bitcoin. It is crazy risky.

[XCANA]

I can't understand
Everytime when BTC hit some value, like 9k.....10k....there's always a correction
Why are you worried guys?
Traders making money, nothing to worry, just be patient and follow your strategy

The correction is on and let wait for another target again. If am not mistaken, whenever Bitcoin price hit such figures mentioned above, there's always a massive sell off, which in my opinion cannot be termed dump. After all profit is what drive the massive sell off and it came, we are all happy for that.

[Ridwan Fauzi]

I can't understand
Everytime when BTC hit some value, like 9k.....10k....there's always a correction
Why are you worried guys?
Traders making money, nothing to worry, just be patient and follow your strategy

This is pointed out the market is health comparing we don't find a correction when the price has increased. The trader will look another high price when the correction come. You may know when the bull ran came at 2017 ago, is the price never met a correction when its price had been increasing? The answer was no, the pricr still met a correction come back to increasing again. I'm not worried when the correction come because I can buy it again at the lower price of course by considering the situation.

[ethereumhunter]

And now, we are seeing bitcoin price becomes strong because the price breaks every higher price and it still going to go up. Although the red candle still there but there is a reverse from the price that is showing to us the price trying to increase again. I hope that tomorrow bitcoin price can break $8,500 and will go to the higher price.

[maldini]

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.

actually bitcoin is currently in a period of consolidation where making adjustments in the TF is small, but this is still reasonable in my opinion, if you believe bitcoin doesn't need to worry about this.
Yes, even though according to my technical analysis, bitcoin will drop below $ 8,000, but I don't know what happens next, it could be that my analysis is wrong if there is a big pump from the pope-market or big news.

But I still believe bitcoin will rise slowly, maybe next month you will see a much higher price. So don't be sorry if you don't buy when dumping, like last April.

[kingpin4321]

At the moment it has even dropped lower to the price of $8300 or there about in the coin market cap but this is still a good sign because earlier this year the prices was really poor and bitcoin and other coins where doing very poorly but we hope it would again surpass $9k Mark

[Nasonn]

It's evident that crypto market is being manipulated because I don't understand why bitcoin will surge to 9K and the next thing is to dump below 8K.

[Ayiranorea]

The price of bitcoin after falling has recovered reaching $8400. The price fluctuation that has been experienced is truly the common market fluctuation. This tends for a bigger price above to $9000 which we can expect to happen in a short as the support from people keeps supportive gain resistance.

[Baofeng]

I can't understand
Everytime when BTC hit some value, like 9k.....10k....there's always a correction
Why are you worried guys?
Traders making money, nothing to worry, just be patient and follow your strategy

It's because that's how the market works, or at least that's how speculators make their money, massive pump then followed by a 20%-30% dump, or correction or whatsoever some TA experts says. And for all we care, bitcoin doesn't give a s**t about any TA. If will go on its normal course, whether a break out run to 5 digits or a massive fallout.

[moynul2050]

what are you worried about? this is very common in trading cryptocurrencies. bitcoin falls and returns to increase, even if it is the opposite, now we can see that the price has improved again.

[phamminhtan]

I don't need to know how much bitcoin will fall, but just a little or more every week, bitcoin is still worth it, what you say is that bitcoin reaches $ 10k mark, yes, of course, and sure. sure it will happen.

[Dontme]

We cannot blame people. Many BTC holders now gave up and just wanted to sell their bitcoin just to somehow cut loose or gain a little profit. That is why when the price rises people dump their BTC right away. After all, BTC is very unpredictable.

[fortunecrypto]

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.

There's always a whale that will do an exit at any point of the price, or we should treat is as a correction, and it's been part of the market, we  just have to be more confident that we are moving forward and that we will soon reach another milestone, and that is another all time high.

[shoreno]

We cannot blame people. Many BTC holders now gave up and just wanted to sell their bitcoin just to somehow cut loose or gain a little profit. That is why when the price rises people dump their BTC right away. After all, BTC is very unpredictable.

Like what you said , people only sell btc for profit , nothing more nothing less and there is no reason to give up because bitcoin itself is not dying or in a critical situation whatsoever but bitcoin is only doing a good job since we can see how its value increases thru the roof  . this is only the reason on why btc experience a dump after a pump but of course other factors do also affect the price  .

[partysaurus]

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.

corrections always happends , if it goes up alot it will always drop some of the gain before it moves up again, crossing 9k is a good sign for the future, and if it breakes 9k again and stays above it we are in a realy good area for the future.

[Nellayar]

It might be a change of trend, according to the analyst. Usually, I have three waves before I determine that the trendline will change. However, I am pretty cool that in cryptocurrency, there is no impossible. All of things are possible in crypto space, why? Because even the largest resistance can be broken by bitcoin.

[Reid]

Well, small investors will have that doubt to sell or not. Do bear that in your mind.

Not just because there is a possibility they will sell can also affect the value of bitcoin way too large.
Be afraid if whales will be the one doing it. Also, if the price suddenly goes low and then continues to go down. A panic is already happening at that mode and you might as well ride it before it went to a price that you will regret not to sell.

It happened before and it might still happen  because of fear that this price wont be reached again.

[Haunebu]

Massive dump? What on earth are you going on about? Everything seems fine and BTC has settled in the $8K currently and will begin moving towards the $9K in the near future. Corrections are a part of the game.

You should be happy that it keeps correcting its value regularly proving that this is organic growth overall instead of a pointless spike.

[candra raditya]

No need to worry too much because the decline conditions like that are normal for the market, keep holding and be patient because bitcoin is still able to pump.

[Hughes_Ryan]

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.

9k is not all and there is no limit to bitcoin in today's trend. Consistent with Bitcoin halving No 3. Indeed, when the amount of bitcoin produced is less and less, the value of bitcoin is hard to imagine. But really happy with 9k on the last day of May. We see the market moving and heading to the new trend.