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

[Ridwan Fauzi]

The next support will be $4000 but I hope it won't be happened. Bitcoin price has fallen more than 35% just in one day/24 hours although it was happened to another investment place.

I think this situation was affected by bitcoin is failed to be safe haven like gold. I saw a lot of discussion on this forum who stated that bitcoin is safe have but it is not, we can see right know.

Bitcoin cannot help when economic ression comes and many people there just believe that gold is the best place. I don't know what will happen next and when this situation end, clearly many people/investors out there will be focused to recover their loses.

[rexxarofmoknathal]

To be fair with you, I'm not 100% certain that this dump is connected to halving. It may well be, though I'm not aware of any source of info connecting to it. However, this volatility has not been seen for ages, if ever, with the market crush of ~30% in just one day, and what's prudent to consider is the virus pandemic which may also have an indirect implication in this 

[miningguru]

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.

That's how the market situation, the downfall cannot be estimated that's why most of the people will lose their money in trading. Trading will give good profit to those who manage their funds based on the market situation. We can estimate the prices of the coin, but it is impossible to estimate the market, whether it is in a good trend or bad trend.

[enhu]

We just found out its about $4800 - $5000 but this might not be over because this current bounce will probably crumble too. If the whales purposely dumps what they have to spread panic, it must be for the reason of the halving. They want more BTC in their hands before halving that's just how connected this dumps are to halving time, its just a theory though. If there will be another dumps soon its also going to drop around $4800-5000K again.

[yanto@1977]

what will be the price for resistance support before price go up?!and also what is the reason of these dumps?!

My first bottom ( 6,1K ) is pass the second bottom is 4,9 still not reach, if the price go there I will buy it. Corona become possible reason why this situation happen. The virus start from China and this country is the biggest manufacture industry in the world. Global economy become slowly and travel industry cancel many place to visit. But I must say Corona is not connected with halving but in crypto value the bridge is currency.

[tbterryboy]

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?!

It’s still early to be talking about that. Halving is going to take place in the month of May and we are still in the month of March, so relax man. This is how Bitcoin is, there is always up and downs in price, the price can never remain stable.

I have seen those that are saying that the price is meant to keep going up, but that’s not true, there are times that it will go up and there are also times that it will fall back and lose value, it can’t go up forever. You just gotta keep holding as long as you believe. Just like what the CEO of BitMex said – BTC can reach $6000 and from there to $20,000 during this 2020 crisis. You just never what may happen.

[Shasha80]

I am among those who are not surprised to see bitcoin in March experiencing a very drastic price reduction. Because I already did the previous
analysis, which in 2019 if we see the beginning of the year the price also decreased to $ 3,700 and then could rise again to the price $ 12k.
So I don't need to panic to see the price of bitcoin going down now, this is a good moment to buy bitcoin again.I predict approaching halving in
late April the price of bitcoin will start to rise dramatically. So in my opinion there is no connect with these dumps with halving time, we just
need to be patient a little more to be able to generate large profits.

[pixie85]

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?!

These support lines are just lines drawn by people who think they can make sense of this unpredictable chaos.

Draw a line in the sad and sit on the beach beside it. After a while some kid is going to run over it. Lines in the sand don't mean anything just as support lines drawn by analysts. They spend hours explaining the next Bitcoin move and then WHO announces a pandemic and all lines get ignored

[Oasisman]

what will be the price for resistance support before price go up?!and also what is the reason of these dumps?!

My first bottom ( 6,1K ) is pass the second bottom is 4,9 still not reach, if the price go there I will buy it. Corona become possible reason why this situation happen. The virus start from China and this country is the biggest manufacture industry in the world. Global economy become slowly and travel industry cancel many place to visit. But I must say Corona is not connected with halving but in crypto value the bridge is currency.

Are you sure $4,900 isn't reached it yet?
I guess you lack of market monitoring and you might be looking at how the price close or opens for 24 hour time frame.
Check this data table of Bitcoin's price movements

source : CMC
You have missed to buy big time then. Look at the lowest price Bitcoin went. The market has been fluctuating with a higher percentage these days, you should've keep monitored. Look what you just missed lol.

[btc_angela]

I guess we can right now that the dump has no connection whatsoever to the dump that we witnessed in the last couple of days, it went as low as $3900 I believed, wiping almost 50% in a single day, one of the worst in recent memories.

However, there is the bounce, above $5500, but so far there is a slow dumping, maybe investors are shorting and making some money after the last dip. So let's see if $5k resistance will hold at this time. I wouldn't surprised if it fall again, but then again, another perfect opportunity for us.

[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.

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.

Unfortunately though, we have seen the lowest price this year as the market .

I can't argue with you about the number of bitcoin investors growing by the day. But with the pandemic at hand, everything is taking care of themselves, and the whole global market has been affected negatively. Currently, the price is not even on the $6k'sh, we are struggling day by day. But I do hope that once everything settles down, we might see the price going into the five digits again.

[Yamifoud]

We all just in making some market assumption and this all can be true or far from the actual scenario. Yes, halving has come approaching but also the market has a different direction which we never expect to be like that. The positive looks that maybe halving have turned something out and some people might change their mind as well (from positive to negative). Feel this was a normal case that a volatile market may suffer but if there is no such coronavirus attack, I'm not sure that we are already in bullish but of huge possibility.

We started some good rally by now from $4.6k to $5k plus, this may give some signs of improvement and might able to reach back at $6k during halving.

[sheenshane]

Actually, nobody knows if this is a start through Bitcoin halving or this is just a start to refuel and began skyrocketing again once there is a resistance of the price of all crypto, especially in Bitcoin price. I dont know what is the reason for this sudden dumped or just because we are affected by the virus attack and every trader is afraid about this and convert their Bitcoin to fiat and cash out.

But remember that the previous result of Bitcoin halving and become bullish trend occurred after a year and probably it will happen again on this third time. Whatever the reason is, this is a good time to accumulate while Bitcoin is very cheap in the market. We hope that everything will fine soon.

[Assface16678]

Actually, nobody knows if this is a start through Bitcoin halving or this is just a start to refuel and began skyrocketing again once there is a resistance of the price of all crypto, especially in Bitcoin price. I dont know what is the reason for this sudden dumped or just because we are affected by the virus attack and every trader is afraid about this and convert their Bitcoin to fiat and cash out.

But remember that the previous result of Bitcoin halving and become bullish trend occurred after a year and probably it will happen again on this third time. Whatever the reason is, this is a good time to accumulate while Bitcoin is very cheap in the market. We hope that everything will fine soon.

Today we are facing the market price of the coins and especially bitcoin is falling down and many people are worried about because some of them are already invested their money while the price of the coin is in low and this is not quite good to their income instead they need to hold their coins to avoid losing money and some of them have enough funds and they are trying to make investment and grabbing the opportunity to make more profit when the price of the coins came back to normal and becomes profitable again.

Falling of market price may cause the pandemic virus spreading for over the world and some of the whales and investors are pulling out their money first to use to their personal kinds of stuff and make an investment to their country to stop the spreading of the virus. Still, we are hoping to come back again into normal.

[hahay]

Not sure if this decline is only about halving, because at the same time the case of the coronavirus outbreak has a very negative impact so I'm not sure that 5k is the lowest level because it is very likely that the price will still fall deeper and also, 10k is the price of resistance support for bull run I guess. Halving has always been a great enthusiasm in this market for higher rises, but if this case cannot be resolved quickly then I think this year it will be difficult for a bull run.

[BayAngelo]

i don't think there will be any effect of the bitcoin halving to the price. it is just like the bitcoin cash where the price splits and have little or no effect. i doubt if forks, splits, halving and co will have any effect on cryptocurrency again. perhaps, price will keep going down just like others. we need more publicity for bitcoin acceptance. this will push demands.

[tbterryboy]

To be fair with you, I'm not 100% certain that this dump is connected to halving. It may well be, though I'm not aware of any source of info connecting to it. However, this volatility has not been seen for ages, if ever, with the market crush of ~30% in just one day, and what's prudent to consider is the virus pandemic which may also have an indirect implication in this 

I completely agree with you because halving has been done earlier too but never before we saw such chaos among traders and the market backbone being broken into two like this. I am quite sure this all happened because of the virus spread and the market being absolutely low in terms of almost everything be it stocks, industries, etc.

A friend of mine was holding around 4 bitcoins since a long time and despite me assuring him that the price will jump back, he actually sold some amount last night and this just tells you the mental state of a common holder because this drop was humongous!

[carter34]

The halving expected bull might not happen immediately or as expected this year because this epidemic is yet to be curtailed till this time. The dump that is bringing price down might be due to sell off because of panic. So since the corona virus has scared people from hodling, I see it will take some time for confidence to come back into the market as it will gradually build up again.

[ReiMomo]

The halving expected bull might not happen immediately or as expected this year because this epidemic is yet to be curtailed till this time. The dump that is bringing price down might be due to sell off because of panic. So since the corona virus has scared people from hodling, I see it will take some time for confidence to come back into the market as it will gradually build up again.

As I saw the most reason for this sudden dump is just because of this coronavirus that keeps spreading all over the world. Not just only the crypto market was affected by it, it also includes other stocks on the market just like crude, oil, gold, etc. So, we are affected by this economic crisis and maybe this sudden dump is not related or connected to the coming halving time. Whatever it is, just keep holding your asset and you will be fine.

[TrevorS]

It looks like you have already been given many answers to your question. It's funny how the forum revived, how many questions have been written over the past few days.
The same questions. "What is happening again?" I am amused by the fact that this always happens in the same manner.
Do not worry, patience will give you answers to all your questions.