Is Bitcoin creating panic again?

[Kong Hey Pakboy]

The tragic and unexpected way of drowning business institutions really affecting the minds of the people and truly panicking. It was a surprise drop and not all of us are prepared for this scenario. The way of recovering is still slow and not knowing how long we should get over from this situation. The panicking situation will get worsen when the big businesses will also shutting down as it will affect the crypto market.

I was expecting the market to go down when the pandemic was declared and the markets were shutting down but i am really surprised when the market shows signs of recovery in the stock market when stimulus package was announced and that was evident in the crypto market too and the price is actually looking good today with over $7700 and the market is holding up on its own, i am not expecting a major rally nor a correction until there is some news that would affect the market in either direction.

It is really a surprise that bitcoin is starting to recover it's price today, so i think the people who buys bitcoin in a low price from last month of March when bitcoin's price suddenly goes down were really lucky because their funds is starting to increase today. No one really expect that in the middle of this pandemic bitcoin can still be positive and can continue to have an improvement to it's price.

[freedomgo]

It is really a surprise that bitcoin is starting to recover it's price today, so i think the people who buys bitcoin in a low price from last month of March when bitcoin's price suddenly goes down were really lucky because their funds is starting to increase today. No one really expect that in the middle of this pandemic bitcoin can still be positive and can continue to have an improvement to it's price.

Those who buy at dip this year have already doubled their investment, Bitcoin rise up to $9400 before it dump now, so they have the opportunity to sell. Buying at dip or when people panic is really a great strategy because bitcoin has been proven an asset that will always recover no matter how strong or hard it's dump.

[Spaffin]

It is really a surprise that bitcoin is starting to recover it's price today, so i think the people who buys bitcoin in a low price from last month of March when bitcoin's price suddenly goes down were really lucky because their funds is starting to increase today. No one really expect that in the middle of this pandemic bitcoin can still be positive and can continue to have an improvement to it's price.

I think that such indicators could be expected today, since everyone hoped for good indicators of the cryptocurrency market thanks to the next bitcoin halving in May 2020.  It is possible that the time for a bull run has already come, as the price of Bitcoin rises along with market capitalization.

[jhonjhon]

It is really a surprise that bitcoin is starting to recover it's price today, so i think the people who buys bitcoin in a low price from last month of March when bitcoin's price suddenly goes down were really lucky because their funds is starting to increase today. No one really expect that in the middle of this pandemic bitcoin can still be positive and can continue to have an improvement to it's price.

I think that such indicators could be expected today, since everyone hoped for good indicators of the cryptocurrency market thanks to the next bitcoin halving in May 2020.  It is possible that the time for a bull run has already come, as the price of Bitcoin rises along with market capitalization.

Ain't yet to say it is Bullrun already, that was a pretty short pump and to think big then.
It was good to see pumps before halving but we should be careful about this change because this wasn't a simple change and it possible whale have taken some action to manipulate the price. If this is really true, a trap isn't possible.

[monineklutak]

Panic will always be in Bitcoin, especially if it alludes to the price issue, people will follow, be it FOMO or REKT,
which surely we must be careful if we want to enter

[ballerin and giroud]

Panic will always be in Bitcoin, especially if it alludes to the price issue, people will follow, be it FOMO or REKT,
which surely we must be careful if we want to enter

You can hold your money or you can hold bitcoin. The current market sentiment is really volatile. We never know what will happen next, also for those trader I guess you'll be better to not trade at this momment. Especially for day trader who just use scalping strategy, it will be risk. So I just hold my bitcoin and collect money to buy when the sign for bull run comes (I think the current increase price is not a bull but it was just a FOMO for halving event).

[24Kt]

Panic will always be in Bitcoin, especially if it alludes to the price issue, people will follow, be it FOMO or REKT,
which surely we must be careful if we want to enter

You can hold your money or you can hold bitcoin. The current market sentiment is really volatile. We never know what will happen next, also for those trader I guess you'll be better to not trade at this momment. Especially for day trader who just use scalping strategy, it will be risk. So I just hold my bitcoin and collect money to buy when the sign for bull run comes (I think the current increase price is not a bull but it was just a FOMO for halving event).

Bitcoin always create panic especially for those users that are holding their coins that wanted to get profit in short term or those that borrowed their money for trading. They are the ones who are looking at the market 24/7 and every slight movement, they will think that they will gonna be screwed. So if you don't want to panic, invest what you can afford to lose, as the famous saying goes, and set an achievable targets.

[Oceat]

It is really a surprise that bitcoin is starting to recover it's price today, so i think the people who buys bitcoin in a low price from last month of March when bitcoin's price suddenly goes down were really lucky because their funds is starting to increase today. No one really expect that in the middle of this pandemic bitcoin can still be positive and can continue to have an improvement to it's price.

I think that such indicators could be expected today, since everyone hoped for good indicators of the cryptocurrency market thanks to the next bitcoin halving in May 2020.  It is possible that the time for a bull run has already come, as the price of Bitcoin rises along with market capitalization.

I guess you haven't seen how the Bitcoin halving works in the past and how the market would move like a string when you pull it. When there's a halving coming it doesn't mean there's a bull run already that's not how the market works. When you see the price moving up beware about it because after it stretches so much there's a huge tendency that it will fall back anytime, the same goes when it's moving downwards it is because to the traders constantly moving everytime.

[Mahanton]

It is really a surprise that bitcoin is starting to recover it's price today, so i think the people who buys bitcoin in a low price from last month of March when bitcoin's price suddenly goes down were really lucky because their funds is starting to increase today. No one really expect that in the middle of this pandemic bitcoin can still be positive and can continue to have an improvement to it's price.

I think that such indicators could be expected today, since everyone hoped for good indicators of the cryptocurrency market thanks to the next bitcoin halving in May 2020.  It is possible that the time for a bull run has already come, as the price of Bitcoin rises along with market capitalization.

I guess you haven't seen how the Bitcoin halving works in the past and how the market would move like a string when you pull it. When there's a halving coming it doesn't mean there's a bull run already that's not how the market works. When you see the price moving up beware about it because after it stretches so much there's a huge tendency that it will fall back anytime, the same goes when it's moving downwards it is because to the traders constantly moving everytime.

Thats how market works but some people do believe into the opposite thing on where once theres some news they do believe that price can shoot
up with that time without even trying to look at on the history where things doesnt work that way and people should really consider on analyzing everything
before they do make a move or a position because it will surely cost you money when price do go to the opposite way.Lets see on what would be
the current halving would give.

[Oceat]

It is really a surprise that bitcoin is starting to recover it's price today, so i think the people who buys bitcoin in a low price from last month of March when bitcoin's price suddenly goes down were really lucky because their funds is starting to increase today. No one really expect that in the middle of this pandemic bitcoin can still be positive and can continue to have an improvement to it's price.

I think that such indicators could be expected today, since everyone hoped for good indicators of the cryptocurrency market thanks to the next bitcoin halving in May 2020.  It is possible that the time for a bull run has already come, as the price of Bitcoin rises along with market capitalization.

I guess you haven't seen how the Bitcoin halving works in the past and how the market would move like a string when you pull it. When there's a halving coming it doesn't mean there's a bull run already that's not how the market works. When you see the price moving up beware about it because after it stretches so much there's a huge tendency that it will fall back anytime, the same goes when it's moving downwards it is because to the traders constantly moving everytime.

Thats how market works but some people do believe into the opposite thing on where once theres some news they do believe that price can shoot
up with that time without even trying to look at on the history where things doesnt work that way and people should really consider on analyzing everything
before they do make a move or a position because it will surely cost you money when price do go to the opposite way.Lets see on what would be
the current halving would give.

That is always the mistake of all newbies who doesn't have a single clue how do halving works. That's why it's always required to do their own research if they want to belong in this market without being eaten by the whales in the future. It happens already in the past I hope these new comers or new investors will always seek answer first before dropping their money to anything for an investment.

[Free1bitco.in]

Panic will always be in Bitcoin, especially if it alludes to the price issue, people will follow, be it FOMO or REKT,
which surely we must be careful if we want to enter

it's clear, even more so if the price of bitcoin decreases in a short amount of time. however, panic will not occur when the price of bitcoin is not volatile. for now, the price of bitcoin is still quite stable, so I assume that there is currently no panic. if the price rises quickly before halving, I am sure that many people are panicking buying. if you do not want to feel the panic, I suggest holding the coin stable.

[wxxyrqa]

Panic will always be in Bitcoin, especially if it alludes to the price issue, people will follow, be it FOMO or REKT,
which surely we must be careful if we want to enter

it's clear, even more so if the price of bitcoin decreases in a short amount of time. however, panic will not occur when the price of bitcoin is not volatile. for now, the price of bitcoin is still quite stable, so I assume that there is currently no panic. if the price rises quickly before halving, I am sure that many people are panicking buying. if you do not want to feel the panic, I suggest holding the coin stable.

The fact is that alarmists always panic.  they panic when the market drops, and also when Bitcoin prices rise, because I don’t know what to expect next.  Nevertheless, the panic from the belief that the coronavirus will adversely affect the entire cryptocurrency has already passed and Bitcoin prices have begun to recover.  Of course, on the eve of halving, we expected this.

[AakZaki]

I just found out that there is a technical analysis that does not have the accuracy described by the OP, the panic was actually only experienced by novice traders who could not read the direction of the movement of Bitcoin.  So far I have never panicked in trading Bitcoin or other Crypto.

I am also not sure that the TA image on the OP is not his own, but rather taken from someone else's tradingview site, that is why the OP cannot analyze it well.