Sudden fall in bitcoin price after successful halving, Post-halving prediction.

[Febo]

Am I the only one thinking bitcoin will experience some price (probably massive) corrections after the halving hype dies down.

Yes. It is called a bear trap. Last time it happened a bit before halving. This time because of covid-19 lockout price drop it will for sure happen after halving. Question is when it will happen. Probably is easier to speculate for price then for date. I would say at around $13000. Maybe a bit more.

[electronicash]

its really possible after all the investors who bought last week are already profiting, once they see the price dropping, they would all be dumping as well until it stable down. we'd be rushing to profit as well, the one thing that is also going to hold me back is that the supply will be lesser and i don't think it will not rise up quickly after the fall. the covid seem to have less effect this time, some cities started opening already.  8k i believe would be the best position.

[Findingnemo]

I expected the price correction before the halving itself but the things are happening the opposite for now. Possibly there will be a correction in the market but I am not yet decided to bet on it, probably I will keep on holding since I don't want to take risk on my profits.

[Fundamentals Of]

I expected the price correction before the halving itself but the things are happening the opposite for now. Possibly there will be a correction in the market but I am not yet decided to bet on it, probably I will keep on holding since I don't want to take risk on my profits.

We still have around 2 days left. A lot of things could possibly happen within those hours. Huge reversals could take place in just a matter of an hour or two.

Whichever way, though, there is a risk. If you hodl and the price will rise, that's good for you, but if it goes down, you lost the opportunity to buy at a cheaper price.

Let's all enjoy the crazy and suspense-filled ride.

[Findingnemo]

I expected the price correction before the halving itself but the things are happening the opposite for now. Possibly there will be a correction in the market but I am not yet decided to bet on it, probably I will keep on holding since I don't want to take risk on my profits.

We still have around 2 days left. A lot of things could possibly happen within those hours. Huge reversals could take place in just a matter of an hour or two.

Whichever way, though, there is a risk. If you hodl and the price will rise, that's good for you, but if it goes down, you lost the opportunity to buy at a cheaper price.

Let's all enjoy the crazy and suspense-filled ride.

There is a small downward trend on the prices, still I don't want to change my decision towards the halving event.I feel there will be a bump on the prices soon after the halving but post analysis are not in the favour of bullish run.

[CryptopreneurBrainboss]

There is a small downward trend on the prices, still I don't want to change my decision towards the halving event.I feel there will be a bump on the prices soon after the halving but post analysis are not in the favour of bullish run.

My thoughts too and the current resistance at $10,000 makes me still stand on my earlier prediction on the post-halving price. One certain thing is the price is definitely going to fall, judging from the reaction of the market so far but how far will the market fall (price range) that's where I'm still not certain as I won't want to buy into the market when I would had gotten a better deal if I had just waited a little longer.

Also if the resistance level at $10k can't be broken before halving d-day in just 2days time that's to say if the price can't get cross $10,000 then we should just brace ourselves for a massive correction then.

[virasog]

As per my previous experience, whenever the majority of the people think, the opposite of that happens. Everyone is thinking that bitcoin price will dump after halving but we never know how whales going to play out this time around. They can push the price to 12000$ making a fomo or a bull trap for us.

[hulla]

As per my previous experience, whenever the majority of the people think, the opposite of that happens. Everyone is thinking that bitcoin price will dump after halving but we never know how whales going to play out this time around. They can push the price to 12000$ making a fomo or a bull trap for us.

Conversing with about the previous circumstance which i totally agree with you and if people check the aforementioned previous of bitcoin there always be a sudden fall in price of bitcoin some few days before halving till the day halving will take place before the price later experience the rally market.

[Febo]

Am I the only one thinking bitcoin will experience some price (probably massive) corrections after the halving hype dies down.

Yes. It is called a bear trap. Last time it happened a bit before halving. This time because of covid-19 lockout price drop it will for sure happen after halving. Question is when it will happen. Probably is easier to speculate for price then for date. I would say at around $13000. Maybe a bit more.

Ha I guess I was totally wrong. We only managed to get to $10000 before the bear trap.  I guess the upcoming recession did her part.

[Fundamentals Of]

I expected the price correction before the halving itself but the things are happening the opposite for now. Possibly there will be a correction in the market but I am not yet decided to bet on it, probably I will keep on holding since I don't want to take risk on my profits.

We still have around 2 days left. A lot of things could possibly happen within those hours. Huge reversals could take place in just a matter of an hour or two.

Whichever way, though, there is a risk. If you hodl and the price will rise, that's good for you, but if it goes down, you lost the opportunity to buy at a cheaper price.

Let's all enjoy the crazy and suspense-filled ride.

There is a small downward trend on the prices, still I don't want to change my decision towards the halving event.I feel there will be a bump on the prices soon after the halving but post analysis are not in the favour of bullish run.

Just as I have said, the huge reversal is now taking place. As of this posting, Bitcoin has already lost around $1,500 per BTC. That is at least 12% reversal in a matter of hours. Money is lost from this huge dip. At the same time, money could also be made from this. Again, let's enjoy the rough ride.

[adaseb]

Well here is the thing. Everybody was expecting bitcoin to dump after the halving. They were pretty much using BCH and BSV halvings as examples. So they would of built up the hype, the halving would come Monday, and then tuesday huge dump. Sounds like a good plan right?

Except usually what the market expects is the opposite of what happens. So either wouldn't dump AFTER the halving or we dumped BEFORE the halving which is what happened a few hours ago. We went from $9600 to $8100 in minutes and it looks like many of this was selling on Binanace. So unless we engulf this $9600 dump and break $10K again, then I don't see us pumping anymore anytime soon. We can break $8100 area and head into the $7xxx areas and trade there for months.

Hence if you bought in $3-7K areas in last few weeks, hopefully you took some profits already at $10K.

[exstasie]

Well here is the thing. Everybody was expecting bitcoin to dump after the halving. They were pretty much using BCH and BSV halvings as examples. So they would of built up the hype, the halving would come Monday, and then tuesday huge dump. Sounds like a good plan right?

Except usually what the market expects is the opposite of what happens. So either wouldn't dump AFTER the halving or we dumped BEFORE the halving which is what happened a few hours ago.

Only a minority expected a halving dump, before or afterwards. Sentiment has been ridiculously bullish, with a strong majority predicting higher prices both before and after the halving. The direction of maximum pain was down, so that's where the market went.

We went from $9600 to $8100 in minutes and it looks like many of this was selling on Binanace. So unless we engulf this $9600 dump and break $10K again, then I don't see us pumping anymore anytime soon. We can break $8100 area and head into the $7xxx areas and trade there for months.

Agreed. Unless today's high is broken, there's not much reason to be bullish short term. There was massive volume on that dump candle, and the market was (and still is) heavily long. Lots of trapped bulls now.

If bulls don't full retrace the dump in the next day or two, then I could see a ranging consolidation between $6K and $9K for months.

[CryptopreneurBrainboss]

Well here is the thing. Everybody was expecting bitcoin to dump after the halving. They were pretty much using BCH and BSV halvings as examples. So they would of built up the hype, the halving would come Monday, and then tuesday huge dump. Sounds like a good plan right?

Except usually what the market expects is the opposite of what happens.

Ok so "the sound like a good plan" part, got me laughing out of control because that was exactly what I was planning for, well said. Already planned to sell anytime within today if the price can't cross the $10k price mark but as always the market was way ahead of me. The market always has a way of getting us all surprised, imagine we praising bitcoin for gaining over $1k in just 24hrs and few days later it drops over $1.5k in just minutes.

Guess those who FOMO after that impressive run in anticipation of more price increase got disappointed with the sudden paused in price then FUD step in. Nevertheless the market will be interesting to watch in the few days remaining and those traders that will be fortunate to predict the market movement almost or accurately will make some decent profit.

[sheenshane]

In days counting, having will come and we're almost there.
I was so shocked seeing the price of Bitcoin this morning when I woke up, it was drastically down. I almost tempted to cut my losses but I realized maybe it will have a resistance again. And I'm right, I saw right at this moment that Bitcoin price heading upward.

We really don't know what will happen when halving successfully occurred, but one thing I'm sure it will have a huge impact on the Bitcoin price but ain't know if it is downward or upward. Holding until your profit was there is enough for me.

snipped-
So they would of built up the hype, the halving would come Monday, and then tuesday huge dump. Sounds like a good plan right?

We will see to it. Probably that is a good plan.

[STT]

Except usually what the market expects is the opposite of what happens.

The big thing is consensus, when everyone agrees its dangerous in terms of possible reversal etc.    I think the example of too many people standing one side of a rowing boat is a good explanation of why it occurs.   So yea this halvening event is overplayed most likely, I've said that a few times because I'm quite certain only over time does the block reward in adjustment alter the market supply.   Its tightening eventually but for next few months we dont see much alteration exception in speculation and perception across the whole range of market participants.

[Slow death]

My thoughts too and the current resistance at $10,000 makes me still stand on my earlier prediction on the post-halving price.

when there was an insident involving the general of Iran, people hypothesized that they would see a war and the price of bitcoin started to rise, but had difficulties to overcome the $10,500 and whenever tried to exceed the $10,000 it dropped back to $8100, it seems that now with the manipulation of whales the price has not managed to exceed $10,000 and as there is also nothing to motivate people to buy many bitcoin, so the price will probably fall below $6500 in the coming months

One certain thing is the price is definitely going to fall

dropped $1400 in just 30 minutes

[Findingnemo]

Just as I have said, the huge reversal is now taking place. As of this posting, Bitcoin has already lost around $1,500 per BTC. That is at least 12% reversal in a matter of hours. Money is lost from this huge dip. At the same time, money could also be made from this. Again, let's enjoy the rough ride.

After that hard dump there is a slight recovery on the prices but now I can feel the reversal of the market which I was expected only after halving.So if prices fall down further then how this will affect the miners towards halving event? All miners will be forced to sell for cheaper prices.

[davinchi]

This is not what market wanted, nor it was what it expected neither. This is basically just correction, we have to accept the fact that we got high too quickly once again and whenever bitcoin increases too quickly that causes it to drop as well. I have an idea why that happens but I can't prove it. I think the price falls about 10-20% whenever it increases super quickly, because there is this market and the market is known and it goes up and down slightly and that is the regular days right?

Well, when someone buys a ton and stops buying there, people see this as potentially to sell without losing and they sell, buy lower. So, basically the increases IS the cause of the drop. If we went up slowly without giving too much change, we could have stayed higher but since it was quick, we also dropped.

[fabiorem]

I think we are going to visit $3k again after the halving.

Three digits is very likely to happen at the end of the year, due to bitcoin not recovering two thirds of the ATH, needed for triggering the bull market.

Also there is the plandemic, and people letting their liberties being taken away by the upcoming global tyranny. This is having a heavy impact on the price, as bitcoin is now correlated with the stock markets.

A 100-year bear market is very likely to happen. I hope that I'm wrong, since I'm still long in bitcoin and doing a inverted DCA strategy, just for precaution.

[dunfida]

I think we are going to visit $3k again after the halving.

Three digits is very likely to happen at the end of the year, due to bitcoin not recovering two thirds of the ATH, needed for triggering the bull market.

Also there is the plandemic, and people letting their liberties being taken away by the upcoming global tyranny. This is having a heavy impact on the price, as bitcoin is now correlated with the stock markets.

A 100-year bear market is very likely to happen. I hope that I'm wrong, since I'm still long in bitcoin and doing a inverted DCA strategy, just for precaution.

Having those precautions isnt bad but those are way too deep and come to think that;

Bitcoin/crypto market isnt correlated with Stock/forex market
Pandemic isnt really that much an issue

if you do try to look the market condition even into those circumstances above then you can say that we're doing pretty well here
in crypto space.

Going to 3 digit price is unlikely to happen.We arent hoping for fast breaking that ATH but we do hope for at least some good numbers
ahead.