we are so close to HALVING !!!are these dumps CONNECT to halving time???

[schuriken]

as u know we having next halving in 3 month. but as u know price get down to 7k  and break so many resistance support lines. the question is how much bitcoin will go down before halving ?! and what will be the price for resistance support before price go up?!and also what is the reason of these dumps?!

[1715461419]

1715461419

[1715461419]

1715461419

[1715461419]

1715461419

[1715461419]

1715461419

[1715461419]

1715461419

[Wind_FURY]

OP, I believe the crash/"dip" is NOT connected to the halving. Partly. Because I partly believe that the halving might already be priced in some months ago. Partly.

[milewilda]

OP, I believe the crash/"dip" is NOT connected to the halving. Partly. Because I partly believe that the halving might already be priced in some months ago. Partly.

Exactly!

Nothing is certain in talks of future or on things that would happen ahead.It might or might not be connected for all these dumps that do current happening on the market.
The thing here is that the market been like this as always where it do rise up or decrease on a specific period of time either theres an upcoming event or just simply an ordinary day.
For now on the current price i can say that this would be a good spot to buy on.

[Jating]

as u know we having next halving in 3. but as u know price get down to 7k  and break so many resistance support lines. the question is how much bitcoin will go down before halving ?! and what will be the price for resistance support before price go up?!and also what is the reason of these dumps?!

The only reason of the sudden dump is the corona virus scare and in the last 24 hours, speculation on the plus token scam moving their funds and most probably cashing it out.

We really can't say when this down trend will stop, it could go to $6k tomorrow or bounce back and recover to $9k. And there is no connection whatsoever to the halving, we need to wait how everything will settle down in the next couple of days. I would also suggest that everyone should stop and not to panic, we have been tested before, no need to push that sell button.

[mk4]

Go ask your local fortune tellers what's going to happen to bitcoin's price. Maybe they can give you the answers you're looking for.

[BrewMaster]

OP, I believe the crash/"dip" is NOT connected to the halving. Partly. Because I partly believe that the halving might already be priced in some months ago. Partly.

if by partly you mean somewhere around 5 to 10% then i agree with you. otherwise it is wrong because we never had any price rises for it to be priced in. what we had last year was mostly recovery not a rise so it had nothing to do with halving.

as for these days' drops, i strongly believe that it is a huge manipulation of the market because in any similar situation like this price had gone up in the past with a big green jump. there is only positive news out there about bitcoin!!!

[The Sceptical Chymist]

Because I partly believe that the halving might already be priced in some months ago. Partly.

That makes me wonder what the "fair price" was or is for bitcoin with the halving priced in, and also why it would crash from over $10k to where it's at right now, which is around $7700.

Hate to say it, but I'm pretty sure the panic over the coronavirus is responsible for bitcoin's big dip and the stock market correction that we're seeing.  It's irrational IMO, because the virus is nowhere near as deadly as many people believe, but the fear and the effect on the economy can't be denied.  People are frightened, and they're pulling their money out of risky investments--and bitcoin is probably the riskiest of all.  I'm actually surprised it's still hanging on to the $7k range at this point.

It'll be interesting to see what happens as the halving gets closer.

[pawanjain]

If it was for the halving then the price should only have to be increased. The market has dumped in price because of the ongoing stock market crash which is again due to the widespread fear of COVID-19 Coronavirus.
If it wasn't for the fear then the stock market wouldn't have crashed and hence the crypto market would not have dumped just before the halving.

[Wind_FURY]

OP, I believe the crash/"dip" is NOT connected to the halving. Partly. Because I partly believe that the halving might already be priced in some months ago. Partly.

if by partly you mean somewhere around 5 to 10% then i agree with you. otherwise it is wrong because we never had any price rises for it to be priced in. what we had last year was mostly recovery not a rise so it had nothing to do with halving.

as for these days' drops, i strongly believe that it is a huge manipulation of the market because in any similar situation like this price had gone up in the past with a big green jump. there is only positive news out there about bitcoin!!!

I say "partly", closer to 90 to 95% partly.

Read this blog by Nic Carter. It explains/defines the Efficient Market Hypothesis, its history, and how the halving is already priced in based on what/how EMH truly is, https://medium.com/@nic__carter/an-introduction-to-the-efficient-market-hypothesis-for-bitcoiners-ed7e90be7c0d

[schuriken]

as u know we having next halving in 3. but as u know price get down to 7k  and break so many resistance support lines. the question is how much bitcoin will go down before halving ?! and what will be the price for resistance support before price go up?!and also what is the reason of these dumps?!

The only reason of the sudden dump is the corona virus scare and in the last 24 hours, speculation on the plus token scam moving their funds and most probably cashing it out.

We really can't say when this down trend will stop, it could go to $6k tomorrow or bounce back and recover to $9k. And there is no connection whatsoever to the halving, we need to wait how everything will settle down in the next couple of days. I would also suggest that everyone should stop and not to panic, we have been tested before, no need to push that sell button.

i dont think so that bitcoin will see 6k ever again because to many people now know bitcoin all around the world and the number of crypto investors are Increasing each day .and numbers of holders of bitcoin are also increasing in chart,and they have bitcoin just for stack. so those numbers in market that we saw 2 month ago was market off-buy . also bitcoin is now on 7600-8000 price .and i think the price will comeback in 1,2 week.

[fudster]

We can CONNECT this dumps to halving if we find it necessary, I can always think of reason why whales are trying to dump and spread panic and that is so they can buy the cheapest possible BTC they can have before halving.  Its possible that the funds manager in crypto are influencing the dumps in stock market and us the funds to buy BTC when the price decline further.  Real reason is really unknown but there were articles about Plus token scam where their btc was moved.

[Slow death]

as u know we having next halving in 3 month. but as u know price get down to 7k  and break so many resistance support lines.

the global market is facing a major disaster, why are people not understanding that this is a situation that is not just bitcoin that is going through it?

the question is how much bitcoin will go down before halving ?!

It is very difficult to estimate, but I suppose that $6600 would be the maximum that can fall, it will not fall below $6600

and what will be the price for resistance support before price go up?

$6400. while it does not fall below $ 6400 there is no reason to worry too much

!and also what is the reason of these dumps?!

it is probably because of what is happening all over the world, I speak of the coronavirus that is creating a disaster in the markets.

[maydna]

the question is how much bitcoin will go down before halving ?! and what will be the price for resistance support before price go up?!and also what is the reason of these dumps?!

No one will know about that, and although we can predict until how deep bitcoin price can go down, we still don't know. We can only follow the price, make a buy order if we want to buy bitcoin or watch the market movements or leave the market for a while until the market can increase again. We don't know what is the reason for these dumps because it will depend on the supply and demand of the traders. They need to manage their emotions in the market because the price will always move like that.

But the dump does not relate to the halving but who knows, after this dumps, we will going to see the price will start increasing, and it will break every high price at the market. When the price can increase, we need to prepare to place the order sell at any high price we want so we don't miss the chance to sell bitcoin at a high price.

[bitgolden]

I am pretty sure this was done mainly due to halving as well but not in the way you think it was. Right now the lower the price gets the better for many big whale miners, they want small time miners to close their machines and with the new machines came out this march, so the new machines filled whales are now trying to sell as much as they can to make sure small and old machines are getting closed and when that happens their machines will flood the market and they won't have to wait until bitcoin to go up to make profits, they would be easily and cheaply mine bitcoins without worrying about the price since their machines are superior.

It could also be whales selling all at once while buying slowly to make sure they have more bitcoins when the halving happens as well.

[GreatArkansas]

If we will based on previous bitcoin block halvings; this upcoming is different from previous bitcoin block halvings since weeks or months before on previous bitcoin block halvings we already see some huge pumps not dumps compare this time, but in previous block halvings also there are still some pumps months after the block halvings, it's really difficult to predict what will happen.

[ukon]

But the dump does not relate to the halving but who knows, after this dumps, we will going to see the price will start increasing, and it will break every high price at the market. When the price can increase, we need to prepare to place the order sell at any high price we want so we don't miss the chance to sell bitcoin at a high price.

This is an opportunity to prepare to buy some bitcoin because the price has been dumped as we know and see the history before when there is halving, there is always a good price increase, well I also think the same now when halving has happened, there must be an increase, then prepare sales you at a price that has been set so that profits are greater after it happens.

The current dump will not continue as long as possible right now has become an appropriate correction.

[hugeblack]

The worse the expectations about what will happen before HALVING, the higher the chances for good hikes afterwards. Several months ago, everyone was so over-expected that some were betting for $ 20,000.

The current decline is a correction to the rise to $ 13,000 levels, and therefore we cannot consider it a collapse, especially since the price maintains higher levels better than what it was in the previous year and all past years.

HALVING did not take place so we consider it a major factor in moving prices ( there is no link between them.)

[schuriken]

The worse the expectations about what will happen before HALVING, the higher the chances for good hikes afterwards. Several months ago, everyone was so over-expected that some were betting for $ 20,000.

The current decline is a correction to the rise to $ 13,000 levels, and therefore we cannot consider it a collapse, especially since the price maintains higher levels better than what it was in the previous year and all past years.

HALVING did not take place so we consider it a major factor in moving prices ( there is no link between them.)

i dont think even after halving we going to see 20000 price for bitcoin as u said 13k , i believe the price for btc is going to be 13k-15k and then we will see dump again because so many people will sell in that price. but for a long term i can see a good price for bitcoin maybe in 2 years. on 18k-20k , but today price is a very good price to buy massive and hold for mid term not even long term.

[el kaka22]

I guess you might be right but I still think that whales might be upto something. I have never been the type of guy who talks about conspiracy and so forth stuff with a tinfold hat and talk about how Rothschild and Illuminati and stuff like that, I actually dislike those type of people on contrary because almost 99% of all the bad things in life that happens is not because of some secret society type of thing but actually rich people trying to get richer by screwing over the poor people and pay the politicians to get away with it so I doubt it is actually as secret as people think.

However, whales do look like they are about to pull something here when the halving is so close and price is going down, it just doesn't make sense mathematically when something gets more valuable but cheaper.

[Wind_FURY]

I am pretty sure this was done mainly due to halving as well but not in the way you think it was. Right now the lower the price gets the better for many big whale miners, they want small time miners to close their machines and with the new machines came out this march, so the new machines filled whales are now trying to sell as much as they can to make sure small and old machines are getting closed and when that happens their machines will flood the market and they won't have to wait until bitcoin to go up to make profits, they would be easily and cheaply mine bitcoins without worrying about the price since their machines are superior.

It could also be whales selling all at once while buying slowly to make sure they have more bitcoins when the halving happens as well.

OR, the halving might have already been priced in, and the current movement of the market is because of other reasons, that are not priced in by the price-setting-entities yet.