Top analyst warns a hard dump.

[STT]

Weekend isnt the serious volume I reckon, we'll revisit this idea and these prices quite likely around Monday time frame.     However its certainly looking like a good threat to the channel rising that was in place for most of this year.



If we break a larger time frame of rises then it'll be a bigger sell then just normal profit taking.   50 and 200 day averages is a rough target, but see first if it can close below 9700 on weekly bar.   It'll be more obvious afterwards, I think we might also revert this rise and go back nearer to 10k and test again during the week.

[Oasisman]

It looks like there's a dump happening already... or maybe it's just a weekend dump that we are seeing now.
After many days of holding over $10,000, btc now dump to $9900 and so the rest of the market was heavily affected, what next for this?

Nah, It doesn't look like a dump, it's more of a short pull back caused by quick sellers maximizing the opportunity and causing the price to fall a little bit, thus creating good entry point.
I might consider a dump when Bitcoin will fall back to $8,000 level, which I also don't expect to happen.
Bitcoin just lost $400 in the last 24hrs, doesn't sound like a dump. $10,000 level is really hard to hold btw.

[KTChampions]

It looks like there's a dump happening already... or maybe it's just a weekend dump that we are seeing now.
After many days of holding over $10,000, btc now dump to $9900 and so the rest of the market was heavily affected, what next for this?

+/- 5% in a day it is not pump or dump. Bitcoin has always had great volatility, and such a change in price is absolutely normal. I think we should wait for a price change in the region of 20% minimum to talk about some kind of tendency/trend.
Maybe there will be a fall ahead, or maybe now consolidation is taking place before growth. Hard to guess.

[michellee]

Dump will happen but we should not expext that there will be a dump in thid moment. Right now the bitcoin has still momentum where its price is continuing to increase. The massive dump that the analyst talking about will happen when the uptrend snaps but the good thing is the price still trailing at 20 MA where the 20 MA is still acting as support and it indicating a healthy sign of market.

It looks like there's a dump happening already... or maybe it's just a weekend dump that we are seeing now.
After many days of holding over $10,000, btc now dump to $9900 and so the rest of the market was heavily affected, what next for this?

The next thing that can happen is bitcoin prices will be back to increase, and maybe the price will reach $10k again or even higher. We can hope that in the next increase, bitcoin price can hit $11k because the price cannot increase with fast so that the next target price will be at $11k. We need to wait for tomorrow, and hopefully, everything will be back to the current price first so we can at least make a profit like before. But still, be careful with any possibility that might happen in the next few hours.

[jhonjhon]

random vocal people on the internet are not considered "top analysts". the fact that news sites report them like this only shows that they have ran out of stuff to post and get traffic so they succumb to posting nonsense.

ps. as always if they were truly experts they wouldn't have wasted their time posting their guesses all over the place.

They just wanted attention that is why they are posting nonsense and whether we like it or not a lot of people still fall for it so what do you expect? If only no one will believe them and consider them as top analyts then I think they have stopped already. Anyways, a lot of people are claiming they are the best at speculation or predicting bitcoin, we just have to be wise in choosing which one to follow and believe.

[milewilda]

It looks like there's a dump happening already... or maybe it's just a weekend dump that we are seeing now.
After many days of holding over $10,000, btc now dump to $9900 and so the rest of the market was heavily affected, what next for this?

+/- 5% in a day it is not pump or dump. Bitcoin has always had great volatility, and such a change in price is absolutely normal. I think we should wait for a price change in the region of 20% minimum to talk about some kind of tendency/trend.
Maybe there will be a fall ahead, or maybe now consolidation is taking place before growth. Hard to guess.

This is what most people do say when they do saw those percentage drops which come to think that this had been like a typical day on crypto.They do panic out
when they saw the price had pullback then they consider it as a dump.lol

The hardest part here on crypto is that we dont even know if the price is indeed consolidating or on accumulating phase before the pump happens.
Same goes for huge sell off signs.

[hulla]

It looks like there's a dump happening already... or maybe it's just a weekend dump that we are seeing now.
After many days of holding over $10,000, btc now dump to $9900 and so the rest of the market was heavily affected, what next for this?

+/- 5% in a day it is not pump or dump. Bitcoin has always had great volatility, and such a change in price is absolutely normal. I think we should wait for a price change in the region of 20% minimum to talk about some kind of tendency/trend.
Maybe there will be a fall ahead, or maybe now consolidation is taking place before growth. Hard to guess.

This is what most people do say when they do saw those percentage drops which come to think that this had been like a typical day on crypto.They do panic out
when they saw the price had pullback then they consider it as a dump.lol

The hardest part here on crypto is that we dont even know if the price is indeed consolidating or on accumulating phase before the pump happens.
Same goes for huge sell off signs.

You make a reasonable statement for it completely hard to know if the market is in dump or huge sell off/slightly corection stage until totally posed the trend but if we check the whales movement according to whales alert we're in a dump market now reason is that there are some huge sell off going on every 5 minutes till now.

[KTChampions]

+/- 5% in a day it is not pump or dump. Bitcoin has always had great volatility, and such a change in price is absolutely normal. I think we should wait for a price change in the region of 20% minimum to talk about some kind of tendency/trend.
Maybe there will be a fall ahead, or maybe now consolidation is taking place before growth. Hard to guess.

This is what most people do say when they do saw those percentage drops which come to think that this had been like a typical day on crypto.They do panic out
when they saw the price had pullback then they consider it as a dump.lol

The hardest part here on crypto is that we dont even know if the price is indeed consolidating or on accumulating phase before the pump happens.
Same goes for huge sell off signs.

Heh, you're right. But do you have any personal assumptions? For example, I’m waiting for a fundamental signal, I don’t believe in technical analysis and I think that the coming events will be related to the coronovirus, so I watching this topic.

[coinfinger]

Like someone already pointed out, today is another Monday and we got cheaper bitcoins one more time. But, what OP is mentioning may happen or not. For that, we need to wait few more days. Like, if bitcoin is able to bounce back toward $10k and then $10.5k levels again, then we can ignore what OP said. Otherwise, hard dumping might have been into action but I am sure this time we may not see anything below $8k levels for sure.

I guess prices will bounce back at any time and we may see good rallies around the times of halving for sure unlike previous halving times. Let's wait and watch and definite this is not a time to worry on any hard dump.

[Oasisman]

The hardest part here on crypto is that we dont even know if the price is indeed consolidating or on accumulating phase before the pump happens.
Same goes for huge sell off signs.

Absolutely correct!
The last thing you'll realize that the price is already stablished on whether a pump or a dump is when it's already obviously happened. This is where the investors was confused about and the FUD was created because of the very volatile nature of Bitcoin and nothing could every guess the market movements.

[TheAndy500]

The hardest part here on crypto is that we dont even know if the price is indeed consolidating or on accumulating phase before the pump happens.
Same goes for huge sell off signs.

Absolutely correct!
The last thing you'll realize that the price is already stablished on whether a pump or a dump is when it's already obviously happened. This is where the investors was confused about and the FUD was created because of the very volatile nature of Bitcoin and nothing could every guess the market movements.

You want to say that positive or negative opinions about Bitcoin appear after the fact? When the price begins to rise everyone starts to speak positively, and when the price starts to fall FUD appears? The consequences are obviously natural, but many times events have driven the price. Certainly the best example of a price drop is the Mt.Gox scandal, and halving, for example, has a positive effect on the price. Of course, I agree with you that it happens that it is after changing prices that people change their minds, but as you can see it is not always the case.

[Baoo]

It looks like there's a dump happening already... or maybe it's just a weekend dump that we are seeing now.
After many days of holding over $10,000, btc now dump to $9900 and so the rest of the market was heavily affected, what next for this?

+/- 5% in a day it is not pump or dump. Bitcoin has always had great volatility, and such a change in price is absolutely normal. I think we should wait for a price change in the region of 20% minimum to talk about some kind of tendency/trend.
Maybe there will be a fall ahead, or maybe now consolidation is taking place before growth. Hard to guess.

This is what most people do say when they do saw those percentage drops which come to think that this had been like a typical day on crypto.They do panic out
when they saw the price had pullback then they consider it as a dump.lol

The hardest part here on crypto is that we dont even know if the price is indeed consolidating or on accumulating phase before the pump happens.
Same goes for huge sell off signs.

That's true, we don't know what is  going to happen in the market and to be honest, everything is possible we may see a big pump in a short period or dump. the instability of the cryptocurrencies makes people afraid, that's a fact. it is completely true that whales are controlling the market, but it is not the main reason for the volatility of the market, maybe this little correction was not made by them. it is certain that holding bitcoin is always the best option for all the time.

[Arkann]

As always, the cryptocurrency market is trying to artificially manipulate causing discharges and inflation of the cryptocurrency rate, while the indicators of such actions should at least equal 50% of the price change for the rating cryptocurrency.  But taking into account the fact that all cryptocurrency users expect bitcoin halving in May 2020, the market should show positive changes up to a certain date and after it.  Based on this, it can be assumed that a correction is taking place, after which growth will again go.

[xvids]

It is to be expect whenever the price increase,
A price correction or a dump would be next to it.
So for sure after the hype from halving we would see a hard dump,
But if we're lucky enough the price could stay there and be stable for awhile.

[BlackFor3st]

One of a top analyst says BTC could face a hard dump in couple of weeks, after rallying till 9.5k this year he predicts BTC may fall again. Are the whales making a twist again?

Well I think there is no positive sign of a pump showing on the chart, guys have a look on it seems like BTC is giving opportunity to invest

https://www.newsbtc.com/2020/02/05/top-analyst-predicted-bitcoin-rally-9500-warns-hard-dump/amp/

There is no hard dump that happened up until now so this prediction really shows how unpredictable the market is, though there is a little decrease of price but it is only normal so far as it is only part on how the market works.

Once the increase of price is currently happening, the traders are also doing their job to earn as much profit and the buy and sell functions in every exchange is very lively. The little decrease only happened especially if there are few big whales that are also trading in either daily basis or weekly basis.

[KTChampions]

~
That's true, we don't know what is  going to happen in the market and to be honest, everything is possible we may see a big pump in a short period or dump. the instability of the cryptocurrencies makes people afraid, that's a fact. it is completely true that whales are controlling the market, but it is not the main reason for the volatility of the market, maybe this little correction was not made by them. it is certain that holding bitcoin is always the best option for all the time.

I am glad that, nevertheless, despite the manipulations, economic laws continue to work everywhere and in this area too. Therefore, large manipulative movements are possible only at short distances. And if they happened then there is a good opportunity to trade against this movement.

[kentrolla]

~
That's true, we don't know what is  going to happen in the market and to be honest, everything is possible we may see a big pump in a short period or dump. the instability of the cryptocurrencies makes people afraid, that's a fact. it is completely true that whales are controlling the market, but it is not the main reason for the volatility of the market, maybe this little correction was not made by them. it is certain that holding bitcoin is always the best option for all the time.

I am glad that, nevertheless, despite the manipulations, economic laws continue to work everywhere and in this area too. Therefore, large manipulative movements are possible only at short distances. And if they happened then there is a good opportunity to trade against this movement.

Exactly, after all the manipulations we can possibly see a massive pump as halving is been a big hope. And yes even the trading is clearly involved on speculating the price movements which is based on the market situation right now I am only concerning about the short falls and it looks like a temporary one also the price is keep on spinning, and I think it will recover very soon.

[KTChampions]

I am glad that, nevertheless, despite the manipulations, economic laws continue to work everywhere and in this area too. Therefore, large manipulative movements are possible only at short distances. And if they happened then there is a good opportunity to trade against this movement.

Exactly, after all the manipulations we can possibly see a massive pump as halving is been a big hope. And yes even the trading is clearly involved on speculating the price movements which is based on the market situation right now I am only concerning about the short falls and it looks like a temporary one also the price is keep on spinning, and I think it will recover very soon.

I do not know why you think that halving will be a positive factor for the price of bitcoin. The bitcoin hash rate updates its highs and the network consumes more and more electricity; halving will not be able to cancel this irrational growth without a big dump.
This growth would be justified if the development of bitcoin was faster and more effective, but I do not see any special news that would say that bitcoin is gaining new areas of application. On the contrary, I hear more about competitors.

[Oceat]

One of a top analyst says BTC could face a hard dump in couple of weeks, after rallying till 9.5k this year he predicts BTC may fall again. Are the whales making a twist again?

Well I think there is no positive sign of a pump showing on the chart, guys have a look on it seems like BTC is giving opportunity to invest

https://www.newsbtc.com/2020/02/05/top-analyst-predicted-bitcoin-rally-9500-warns-hard-dump/amp/

There is no hard dump that happened up until now so this prediction really shows how unpredictable the market is, though there is a little decrease of price but it is only normal so far as it is only part on how the market works.

Once the increase of price is currently happening, the traders are also doing their job to earn as much profit and the buy and sell functions in every exchange is very lively. The little decrease only happened especially if there are few big whales that are also trading in either daily basis or weekly basis.

We will know if there is a big pump going to happen if there is a big dump happening so as of now this little decrease is just a normal market movement. A traders trading each other that's all but if we actually going to see a big dump then that is probably the whales doing it. Once we get to that point after the Bitcoin halving then expect already that there is a huge pump perhaps a bull run that is going to happen.

[TheAndy500]

It is to be expect whenever the price increase,
A price correction or a dump would be next to it.
So for sure after the hype from halving we would see a hard dump,
But if we're lucky enough the price could stay there and be stable for awhile.

Deciding on how to interpret the possible market movements is very hard but with this understanding and knowledge how to assess there's ways a high chance to see a much stronger run. Everything depends from how good you will anticipate and what are the system that you'll going to use for you to place your position in the right place and time.

Price correction is different than dump. We can see that  since the beginning of the year we had price increases, and now the price seems to be stabilizing, but it is still too early to be sure that the bull run is starting. I think the price will start rising after halving, so there is still enough time to see another big price dump. I think there is a chance we'll see $5k before halving.