Is Bitcoin creating panic again?

[cryptoangel]

Bitcoin is a forever trusted cryptocurrency, But some peoples are always panic in cryptocurrency because few countries only legalised and most of the countries still panic in Bitcoin. The recent and current issues was totally affect the Bitcoin and altcoins so some peoples think it's a risky platform. The reality blockchain will rule the furthers years so current growth good to rising in Crypto market.

[maxreish]

It may cause another panic if huge bear will gonna enter market again. Those support is possible to break if this situation we are experiencing will continue. Some predictions were saying btc will bottom down again at $3,000 but the btc charts not even showing any signs of that. Well,  not yet. Let's be optimistic, since bitcoin halving is near so we are still gripping and many are still positive about the good results.

[okala]

The successful traders and the highly rich among us feed on our fears and greed. I have fine out that whenever this type of Posts started to come up it means bullish signal as the market always goes against this type of speculation. There are two reasons why we should not fear for now. Bitcoin remains above 50ma on a daily chart and halving.

[Reid]

Is it panic which will work out or will it be patience?

Consider everything that is playing in the events.
COVID-19, economic drop, etc.
The product of it makes the financial industry also having problems on how to deal with it.
Bitcoin cannot get away from that.
So instead of having a panic breakdown from all the price drop, why not just be patient and wait for everything to recover.

[michellee]

I am not sure about that because the price seems stable for me, but I don't want to see another drop-down of bitcoin price. I hope that people don't have to panic if they see the price is down, but they can prepare their money to buy more bitcoin. The rate now seems to turn around at $6,800-$6,900-$7,000. So there might be a chance for the price to go back to the $7,000 again. Well, we have an unpredicted situation again this time, so you need to be careful to decide.

[lienfaye]

Well you might be right but for some of us its a less concern now since we're still in the middle of crisis and somehow affecting the movement of the market due to investors who buy and sell during this time.

Bitcoin's value is stable and I think it will remain this way until halving, I guess investors chose to hold rather than selling their btc now since most of us believe after that event the price might surge. Nevertheless anything can happen and we cant certainly predict what's ahead.

[peter0425]

posts like this only add panic in this market because you are just adding fire to the situation,Why need same and same thread whenever there are some falling movement?why not post when price are climbing?
obviously you are only wanted to make the price fall.
please let market make its way because look at the price now?recovers fromt hat post of yours in a day?

[Naida_BR]

This downward trend of Bitcoin is due to the coronavirus panic.
It doesn't have to do with the market itself.
Now that Bitcoin halving is close the price will possibly go up again.

[GreatArkansas]

I love the chart. It really talks about the reality of being a trader's speculation.
Multiple times we are being rejected on those areas, $6,000 - $8,000 last few days, and now we are back again above $7,000.
Breaking above $8,000 could be a new level of resistance to be made. But being rejected again in those levels, a huge downwards is possible, especially falling below $6,500 again.

[danherbias07]

Maybe you should change the title.
It sounds so bad even with the explanation of just a little movement of price.

The one who will panic are the weak hands.
It is a good thing if they will start selling now than waiting for later. Maybe others would have a chance to buy at a cheaper price. Strong hands.
That is, if they could shake the market that bad. 

[joinfree]

hahaha..most likely that is exactly what it is doing at this moment. At least the last shake out from weak hands before we approach bitcoin halving. I would not be surprised if bitcoin price reduces further this week to say $6.5k before we can finally see a rise from that end. The best option is to hold till halving.

[TheGreatPython]

It is literally around the price that we started the year with, I don't know if people are somehow scared and panicking because we once saw 10k+ in the year 2020 and that means we are lower compared to that, but even with that logic we have also seen under 4k just a month ago and we have spent a lot of time under 5k and even under 6k as well, right now it is over 6k and around 7k precisely which means we did moved from 7k to 10k so it is sad that we are at 7k but at the same time how about looking at the fact that we recovered from under 4k as well?

I don't see a reason to panic right now, bitcoin is doing awesome and to me right now it is creating hype around it to increase once again, without the increase I would have agreed but the latest thing bitcoin did was increasing.

[bitbunnny]

I don't have the impression that we are having panic present although some users probably are under strong influence of COVID-19 situation, deep recession that we are heading and bad overal economy and social situation. That and lack of patience as well as real need for money due to job loss or similar might cause urge for selling but I don't think that at the moment this is mass activity.

[hahay]

The dipping decline that occurred yesterday did become another panic when the world situation did not improve, but with patience would at least provide something better because even prices can recover quickly. Indeed, panic is not easy to avoid, but in this market at least with only a few choose to be patient it will change something negative to be more positive for your investment, so be patient and calm because at the same time unstable situations in many sectors continue to occur.

[samcrypto]

If we breakdown below the support level then we can expect another dump but we should not panic because that's another opportunity for us to get bitcoin cheaper. Few more days before the halving, and maybe people are preparing to have more bitcoin and if they saw a cheaper bitcoin then the price will bounce back because we finally have demand for bitcoin. Bitcoin doesn't create panic, people do and greedy whales do.

[Leviathan.007]

well, even after fall of the oil price btc made a little downtrend movement but right now as you can see on the chart it's stable above 7000.
I think the covid-19 already effected the btc market and right now we are waiting for the halving a the pump after that

[ancafe]

I don't really know how to read charts, but right now the price is going up and it's quite different from your prediction. are you still panicking right now? I'm not sure that the price of bitcoin will really go down to the price of $ 6k in the long run, and for now, I feel the price of bitcoin will continue to rise to high prices.

[ballerin and giroud]

well, even after fall of the oil price btc made a little downtrend movement but right now as you can see on the chart it's stable above 7000.
I think the covid-19 already effected the btc market and right now we are waiting for the halving a the pump after that

If the reason of the market downtrend is covid19 then we won't see the price increase as you wish for halving event. Because now the pandemic still spreading almost to all country, like in my country that at least around 10.000 people have been infected and lockdown has been held. The people are panicking and they sell everything they have to fulfill their need. But now bitcoin and altcoin price are going up again and I think it will continue. So, it was not fully about covid 19, there may be some investor who keep their money and wait a good time to entry.

[Golftech]

I don't really know how to read charts, but right now the price is going up and it's quite different from your prediction. are you still panicking right now? I'm not sure that the price of bitcoin will really go down to the price of $ 6k in the long run, and for now, I feel the price of bitcoin will continue to rise to high prices.

Unpredictable movements is not new to bitcoin, though charting is relevant and following the market situations can give some guide to work with your next position to decide. The market is rising and it's giving good light to those who are holding and continuing to invest from this industry.
Panics only made you loses better to know and understand every decision that you'll going to take.

[Oceat]

I don't really know how to read charts, but right now the price is going up and it's quite different from your prediction. are you still panicking right now? I'm not sure that the price of bitcoin will really go down to the price of $ 6k in the long run, and for now, I feel the price of bitcoin will continue to rise to high prices.

Well, different days different results as I am writing this today the price starting to drop a bit again and it looks like it's gonna hit that $6k range again. Bitcoin is truly volatile since no one could predict the right price in the right time but by looking at the movement of the chart you will understand where Bitcoin would go next. That's why reading charts is very helpful if you are a trader, you should learn reading charts because you might need it someday.