BTC Price might drop now?!

[Twinkledoe]

the price has dropped to $ 8,800, I don't know yet if this will drop again to $ 8500,
if it really drops to $ 8500 it seems good to buy at that price

If I'm not mistaken, it drop as low as $8600, but we have recovered, around the $8900 levels today.
And the volume is around $30 million, so it looks like it has been weakening as I observed that we are somewhat around $40'ish million when the price is really going up. Significant drop, but I wouldn't be to concern though.

This has happened in the past, and I think that $8800 is a big support from traders so I'm not expecting the price to drop this week and we might see it getting above $9k again.

And as we speak bitcoin is going green again about to reach the $9k mark again. I don't think we new thread every time there is btc drop or btc rise. Can we just check the wall observer thread in terms of btc developments in the market? Just my 2 cents here. 

[Harriti]

Really thanks for your analysis. Just when I was confused in analyzing the price of bitcoin, I read your article, I used the trading view to analyze again and felt the price of bitcoin would go down. I have open short x25 and now I have won 500 prices. Hopefully in the future you will create more analysis on bitcoin to make everyone more profitable.

[maydna]

Really thanks for your analysis. Just when I was confused in analyzing the price of bitcoin, I read your article, I used the trading view to analyze again and felt the price of bitcoin would go down. I have open short x25 and now I have won 500 prices. Hopefully in the future you will create more analysis on bitcoin to make everyone more profitable.

I hope you can still be careful because bitcoin price can go down again. You should know when you should close your margin trading because if you miss something, you will lose your profit, and that can make you wait for a long time to see bitcoin price will increase again. Besides reading on many threads about bitcoin price analysis, you should have your own analysis, so you don't just depend on other people analysis. It is important because you don't make your analysis and only depend from other people, you will feel hard to know when to enter the market.

[Kelvinid]

As expected all the time and that is volatility means. The ups and downs aren't new anymore and the sudden market change will be depending in the market flow. From $8k to $9.5k, then it goes back down again to below $9k.
In this kind of market volatility, we can't expect all the way at rising nor to see a continuous dump as well. This makes people think that crypto investment is a very high-risk investment and truly we can't deny that. Thus, if we can't adjust and adapt to the system, crypto investment is really hard for us and that causes failure in that case.

[mahilchii]

I am really scared of panic sellers now, if BTC drops more than 500$ many of them change it to USDT. To be frank Even I have did it because I don't want to lose my money but now it looks like the price will drop slowly here is a genuine example of volatility.

Now it's time to stay calm with the investment and wait patiently till the market recovers.

[bittraffic]

I am really scared of panic sellers now, if BTC drops more than 500$ many of them change it to USDT. To be frank Even I have did it because I don't want to lose my money but now it looks like the price will drop slowly here is a genuine example of volatility.

Now it's time to stay calm with the investment and wait patiently till the market recovers.

Someone says it will drop down to 7000 soon. I don't know if he's right about that but if the market does drop then it drops. The one thing I hate about this  sudden decline of price is that it happens when I need the money the most.  The BTC I kept for money lose more of its value just in time when I needed the cash. Really made it easy for them to accumulate cheaper coins.

[$crypto$]

I am really scared of panic sellers now, if BTC drops more than 500$ many of them change it to USDT. To be frank Even I have did it because I don't want to lose my money but now it looks like the price will drop slowly here is a genuine example of volatility.

Now it's time to stay calm with the investment and wait patiently till the market recovers.

Someone says it will drop down to 7000 soon. I don't know if he's right about that but if the market does drop then it drops. The one thing I hate about this  sudden decline of price is that it happens when I need the money the most.  The BTC I kept for money lose more of its value just in time when I needed the cash. Really made it easy for them to accumulate cheaper coins.

The current decline in bitcoin is slow but I don't think it will fall too deep seeing the market is likely to remain unstable, but in my analysis this decline will not be so long in the next few days bitcoin can redeem again to $9,000 in the near future provided that Don't panic about this sudden decline because this is common in bitcoin prices.

Indeed, at a time when money is needed the price of bitcoin is falling and when it goes up it hasn't had time to buy at a low price so this needs to be evaluated again so that it can precisely determine it.

[RealMalatesta]

It already did a bit of a drop but the buyers didn't allowed it to continue for a long period of time. I think right now the price is stable, sure it could make a move to any direction but right now it feels like it is going to stay here for a while. If you want to know what is going to happen in the future nobody could tell you what will happen, they could do TA or research or read news and see what is going on etc etc but there is no way we could totally know.

The drop started with some guy who remembered his password from 11 years ago and sold 50 bitcoins, that caused the price to go down 500 dollars alone, so we could never foresee stuff like that in the future. But I can say without any big news or moves, the price will probably stay like this (give or take a small move) for at least 10 more days.

[TravelMug]

the price has dropped to $ 8,800, I don't know yet if this will drop again to $ 8500,
if it really drops to $ 8500 it seems good to buy at that price

If I'm not mistaken, it drop as low as $8600, but we have recovered, around the $8900 levels today.
And the volume is around $30 million, so it looks like it has been weakening as I observed that we are somewhat around $40'ish million when the price is really going up. Significant drop, but I wouldn't be to concern though.

This has happened in the past, and I think that $8800 is a big support from traders so I'm not expecting the price to drop this week and we might see it getting above $9k again.

And as we speak bitcoin is going green again about to reach the $9k mark again. I don't think we new thread every time there is btc drop or btc rise. Can we just check the wall observer thread in terms of btc developments in the market? Just my 2 cents here. 

You jinx it,  the price didn't reach $9k, still in the $8800k mark, but as I have said, it has a big support so probably since the Asian market is now alive as it is morning there, we might see another movement and will attempt another push to $9k so let's see.

Off-topic, if you think though that there are so many threads about the price drop/rise, then you can report it to moderator. And as far as WO? of course you can visit that thread, as I have said in the past, that's my go to thread in the wee hours of the morning. 

[imstillthebest]

I am really scared of panic sellers now, if BTC drops more than 500$ many of them change it to USDT. To be frank Even I have did it because I don't want to lose my money but now it looks like the price will drop slowly here is a genuine example of volatility.

Now it's time to stay calm with the investment and wait patiently till the market recovers.

Someone says it will drop down to 7000 soon. I don't know if he's right about that but if the market does drop then it drops. The one thing I hate about this  sudden decline of price is that it happens when I need the money the most.  The BTC I kept for money lose more of its value just in time when I needed the cash. Really made it easy for them to accumulate cheaper coins.

The current decline in bitcoin is slow but I don't think it will fall too deep seeing the market is likely to remain unstable, but in my analysis this decline will not be so long in the next few days bitcoin can redeem again to $9,000 in the near future provided that Don't panic about this sudden decline because this is common in bitcoin prices.

Indeed, at a time when money is needed the price of bitcoin is falling and when it goes up it hasn't had time to buy at a low price so this needs to be evaluated again so that it can precisely determine it.

cant relate on other talks but i totally relate on the time when we need money or when were about to recieve our btc but the problem is the value of btc will drop  but the drop didnt happen on normal days   . that sucks and strange at the same time   .  we cant stop btc drops but i guess lets just go with the flow  but to others , dont follow what i do  ( selling at loss )    . if you dont need the money asap just keep on hodling and everything will be alright soon

[arwin100]

I am really scared of panic sellers now, if BTC drops more than 500$ many of them change it to USDT. To be frank Even I have did it because I don't want to lose my money but now it looks like the price will drop slowly here is a genuine example of volatility.

Now it's time to stay calm with the investment and wait patiently till the market recovers.

Someone says it will drop down to 7000 soon. I don't know if he's right about that but if the market does drop then it drops. The one thing I hate about this  sudden decline of price is that it happens when I need the money the most.  The BTC I kept for money lose more of its value just in time when I needed the cash. Really made it easy for them to accumulate cheaper coins.

The current decline in bitcoin is slow but I don't think it will fall too deep seeing the market is likely to remain unstable, but in my analysis this decline will not be so long in the next few days bitcoin can redeem again to $9,000 in the near future provided that Don't panic about this sudden decline because this is common in bitcoin prices.

Indeed, at a time when money is needed the price of bitcoin is falling and when it goes up it hasn't had time to buy at a low price so this needs to be evaluated again so that it can precisely determine it.

cant relate on other talks but i totally relate on the time when we need money or when were about to recieve our btc but the problem is the value of btc will drop  but the drop didnt happen on normal days   . that sucks and strange at the same time   .  we cant stop btc drops but i guess lets just go with the flow  but to others , dont follow what i do  ( selling at loss )    . if you dont need the money asap just keep on hodling and everything will be alright soon

We cannot it from drops but what the most important there is we ride on what's happening on it since if we just keep waiting and waiting without doing nothing then I'm sure we will regret once the price will take a great leap. But selling at lose doesn't mean your lose totally unless you closed your pocket and leave the platform, but if you do a cut loss and buy on the dip then a high chance for you to recover and earn when price suddenly surge.

[KnightElite]

The retracement of the price already happened so expect that the price may now go up again, there is a currently breakout that happening but I do not know if it will become successful or it will be just another fakeout. The market is now so volatile so proper risk management is very important. The breakout is a sign of strength so the possibility of going up is higer and it is the reason why we should expect another rally.

[kotajikikox]

the price has dropped to $ 8,800, I don't know yet if this will drop again to $ 8500,
if it really drops to $ 8500 it seems good to buy at that price

If I'm not mistaken, it drop as low as $8600, but we have recovered, around the $8900 levels today.
And the volume is around $30 million, so it looks like it has been weakening as I observed that we are somewhat around $40'ish million when the price is really going up. Significant drop, but I wouldn't be to concern though.

This has happened in the past, and I think that $8800 is a big support from traders so I'm not expecting the price to drop this week and we might see it getting above $9k again.

and now your right because we already passed the $9,000 value and now we are almost at $9,200 and still counting up https://coinmarketcap.com/currencies/bitcoin/ with 4% growth i think  this is enough to see that we are recovering again and maybe this time it is for real and we are heading to breaking the 10,000$ price and now we will stay for long.

The retracement of the price already happened so expect that the price may now go up again, there is a currently breakout that happening but I do not know if it will become successful or it will be just another fakeout. The market is now so volatile so proper risk management is very important. The breakout is a sign of strength so the possibility of going up is higer and it is the reason why we should expect another rally.

hope can at least jump to 12k?do you think this is possible now?when we have not taking 11,000 position this whole year.

[STT]

This is only short term but its putting in a hammer candle on the 4hr bar.  I dont think its dropping right this moment.   However I think it will cycle through once again within a range, if it goes as high as 10,000 or higher it will upset alot of people who were counting on negative action to occur right now.   Typically BTC wears everyone out dodging every guess and any attempt to hit it with a short.

[Gozie51]

This is only short term but its putting in a hammer candle on the 4hr bar.  I dont think its dropping right this moment.   However I think it will cycle through once again within a range, if it goes as high as 10,000 or higher it will upset alot of people who were counting on negative action to occur right now.   Typically BTC wears everyone out dodging every guess and any attempt to hit it with a short.

I think today was bull for bitcoin. With close to $500 gain or more, it looks like a bull run is building up. We might see the hammer candles appearing often either reflecting panic in the market or indecision going on with traders.

[Paycoinzzz]

I am really scared of panic sellers now, if BTC drops more than 500$ many of them change it to USDT. To be frank Even I have did it because I don't want to lose my money but now it looks like the price will drop slowly here is a genuine example of volatility.

Now it's time to stay calm with the investment and wait patiently till the market recovers.

The market has really recovered! Bitcoin was back to the price before the Covid pandemic came. It is now trading at $ 9k4, which is seen as a strong growth from the deep bottom. But I think now the price of bitcoin will be down soon because there seems to be no Fomo bitcoins anymore. Like previous halving, bitcoin has to collapse again before the pump is strong. We should place buy orders at lower prices and wait patiently.

[michellee]

I think today was bull for bitcoin. With close to $500 gain or more, it looks like a bull run is building up. We might see the hammer candles appearing often either reflecting panic in the market or indecision going on with traders.

Yes, it is. That will be a nice profit for people who can buy 1 bitcoin. I still hold some amount of bitcoin after I sell some at $9,523, and I want to wait for another high price which can happen today or tomorrow. It seems, at the market, there is a battle at the buy and sells order (or that is bot ) because the price is moving so fast than usual. That makes me worry if the price is down again

[arwin100]

I think today was bull for bitcoin. With close to $500 gain or more, it looks like a bull run is building up. We might see the hammer candles appearing often either reflecting panic in the market or indecision going on with traders.

Yes, it is. That will be a nice profit for people who can buy 1 bitcoin. I still hold some amount of bitcoin after I sell some at $9,523, and I want to wait for another high price which can happen today or tomorrow. It seems, at the market, there is a battle at the buy and sells order (or that is bot ) because the price is moving so fast than usual. That makes me worry if the price is down again

I don't really think there's a bot doing that but for the fact is the current movement of the market is move maybe there are big whales who do a day trades on it and earning with the flow I see so many people doing this so maybe this is the reason why the market is not stable, But since halving is here I'm not worried for a big drop since we still have it as basis since it already brings hype but maybe the one you see a drop is short term and that's normal so ride with it to earn on bitcoin volatility.

[monineklutak]

I think today was bull for bitcoin. With close to $500 gain or more, it looks like a bull run is building up. We might see the hammer candles appearing often either reflecting panic in the market or indecision going on with traders.

Yes, it is. That will be a nice profit for people who can buy 1 bitcoin. I still hold some amount of bitcoin after I sell some at $9,523, and I want to wait for another high price which can happen today or tomorrow. It seems, at the market, there is a battle at the buy and sells order (or that is bot ) because the price is moving so fast than usual. That makes me worry if the price is down again

I don't really think there's a bot doing that but for the fact is the current movement of the market is move maybe there are big whales who do a day trades on it and earning with the flow I see so many people doing this so maybe this is the reason why the market is not stable, But since halving is here I'm not worried for a big drop since we still have it as basis since it already brings hype but maybe the one you see a drop is short term and that's normal so ride with it to earn on bitcoin volatility.

now the decline is an opportunity to buy, Bitcoin has entered the bullish market,
so I think if you sell Bitcoin at cheap prices you will regret if Bitcoin goes to the moon 

[tbterryboy]

There is no way bitcoin could go down forever and stay down, it will eventually go up and that is why when you see it dropping down you should buy. This time around it was a bit different than previously, because this time around it recovered faster which means some people did actually sell but there was buyers waiting for it at least.

Many people think that when bitcoin is dropping down they fear even more dropping down and they do not buy it. When it goes up they think it will go up even more and buy it. They should do just the opposite. We can see here that when price went down, everyone was afraid and they were talking about how it would drop even further, a great example of when you should buy turn into when people actually sold.