Bitcoin will be dumping soon - What do you say regarding the chart?

[DashingAgent]

Bitcoin will be dumping soon - What do you say regarding the chart?

Its looks like Bitcoin is currently flying in the strong resistance zone and possible to dump to previous level or there could be a price correction soon https://prnt.sc/vgsoaa https://prnt.sc/vgsugo. What do you think?

[Lucius]

I can't comment on charts because I'm not an expert in TA, but at times like this it's realistic to expect a correction to happen. However, on the other hand, the players in the game have changed, so regardless of what the whales do, some much larger players accumulate fairly large amounts of BTC and keep the price fairly stable. Given the news about the Covid-19 vaccine, the markets have reacted quite well, and when that security spills over to small investors, they may also join the BTC train.

Although you never know with BTC, I personally believe that the upward trend will continue because Black Friday is approaching, and I always treat myself to a nice gift

[Fesatmas]

for the next few weeks I think there will be a correction, to make room for investors to take positions as quickly as possible. It's based on my point of view, whether it's true or not. because this is only a prediction of which bitcoin will have centralized power if it continues to surge. The high pump will always have a period of correction for a while, even though it won't be significantly below $ 10,000. Unlike other cryptos, it is difficult to predict when the price will be high, when the price drops dramatically. This is because many investors focus on one point, namely the movement of bitcoin which at times will surprise them. As a result, altcoins will only experience less of an increasing impact than bitcoin.

[hugeblack]

The chances of betting on a collapse are much better than betting that the price will increase because we moved from 10,000 to 15,000 in a short period of time, so there must be a correction that brings the price back to 13,000 levels again, but when does this happen? The question is?
Generally, in the long term, the price will rise, so these temporary crashes do not mean much, it is difficult to see the price below $ 10,000 again.

[jossiel]

What previous level? $4900 on March?

Yes. Every price is of possibility that we're about to see. Just always be open minded that any price that we're going to see depends on the volatility of bitcoin.

In that case, we can see more dumping or continuous pump.

[carlfebz2]

Bitcoin will be dumping soon - What do you say regarding the chart?

Its looks like Bitcoin is currently flying in the strong resistance zone and possible to dump to previous level or there could be a price correction soon https://prnt.sc/vgsoaa https://prnt.sc/vgsugo. What do you think?

When it comes to price correction then theres always a tendency since we know on how unpredictable this market is.We can make out charts and anything but it isnt a precise way on telling on whats gonna happen ahead.

We are indeed flying on the resistance zone but doesnt mean that we cant break it out.There's only two possible ways that price can head on which neither it would shoot up or would crash.

If we do see the price is on the rooftop then its better to sell and if it crash then better to accumulate - just like that and always anticipate that there would always a possible dump because we cant just
see a market that do have that continous rise.There would be always a sell-off and that should be put up in mind.

[CyberKuro]

The chances of betting on a collapse are much better than betting that the price will increase because we moved from 10,000 to 15,000 in a short period of time, so there must be a correction that brings the price back to 13,000 levels again, but when does this happen? The question is?
Generally, in the long term, the price will rise, so these temporary crashes do not mean much, it is difficult to see the price below $ 10,000 again.

Anything is possible obviously, bitcoin in a sideways pattern right now but doubt it will drop to $13K anytime soon, probably a retrace to $14,400 like the last time.
it took years to break $14K resistance, so it will most likely act as strong support level.
Bitcoin in a positive trend on the market and it's not over yet, holding the support level at $15K due to great correlation between the equity markets and bitcoin create upward pressure to have a much better probability of returning the rally within the next few days.

[Harlot]

With a lot of people I think having a green portfolio right now at 15,000$+ people will be enticed to sell their Bitcoin and it will probably happen especially when you think about whales taking advantage of a big price movement as well as the potential of them shorting it because it will be inevitable to happen. Remember that the market will always be volatile and with the volume still not increasing even though the price is increasing I think what will happen now is we will have a big price drop happening for a correction.

[farrellronald]

from my point of view, charts are true but the thing is data depends on tons of things. for example if the US president talk about it, it is so likely to fall. the charts however are mostly true and show the real things without letting emotion get in the way.
more important than the rise and fall is that nobody should hurry up in buying and selling. everything should be thought and then done, so there will be no regret.

[8m_zk]

Agree with the chart, from TA analysis we may see some corrective pullback to areas 15k and 14800 to test support areas. Besides charts I also wacth the stock markets, SP500 and gold. Gold price crashed yesterday but bitcoin looks fine so far.

[exstasie]

Agree with the chart, from TA analysis we may see some corrective pullback to areas 15k and 14800 to test support areas.

I wouldn't call a $400-600 drop a "dump" at all. For Bitcoin, that's actually a pretty tight range.

I'm seeing some 4-hour bearish divergence on OBV, and that intraday lower high on the 9th suggests bears aren't rolling over yet. Until the uptrend continues with new highs, I'd be prepared for a dip. A dip to the 20-week MA in the mid-$11,000s or testing the $12.5K pivot as new support are both plausible scenarios. Masterluc's latest idea fits with that range: https://www.tradingview.com/chart/BTCUSD/zg0MPXUC-Triying-yet-another-trend/

[GreatArkansas]

It's difficult in your chart, it is 15minutes, but based on your chart I can see, Bitcoin is in the consolidation part which It's difficult we will be on dumping. If we look at the higher timeframe, for me Bitcoin is creating a bullish continuation pattern, which is a triangle, that's why for me, maybe for weeks, we can remain neutral.
If you look at this chart, Bitcoin is more likely to create a triangle, with around $15,000 is a minor support.

[DarkDays]

Bitcoin will be dumping soon - What do you say regarding the chart?

Its looks like Bitcoin is currently flying in the strong resistance zone and possible to dump to previous level or there could be a price correction soon https://prnt.sc/vgsoaa https://prnt.sc/vgsugo. What do you think?

I think, a price correction on BTC is inevitable. The plots you showed aren't shocking, only relative small fluctuations but nothing is really standing out.

The fact that the price might drop from its current 15K is expected.

We need to see small volatility and even larger ones for price correction in order for it to reach this year's ATH.

[Peanutswar]

Right now the market chart of the bitcoin is going into an uptrend movement I think it will not dump on this month or even the next month because right now I didn't see any kind of changes for now, still don't trust the market movement of the bitcoin it's volatile its just my opinion only it

This is a snip chart within 3 days and according to my technical indicators MACD, and MAC still on the bullish market.


This is a 1-week chart of the bitcoin there is no something bend according to the lines also the MAC has a gap between the candles no more dump right now.

[Lanatsa]

Bitcoin will be dumping soon - What do you say regarding the chart?

Its looks like Bitcoin is currently flying in the strong resistance zone and possible to dump to previous level or there could be a price correction soon https://prnt.sc/vgsoaa https://prnt.sc/vgsugo. What do you think?

In Bitcoin way is sinusoidal direction so we saw both up and down in the market. But majority of the peoples are said to grow gradually in upcoming days. We are ready to buy continuously it will going to moon, at the same time we must hold long term and concentrate the other altcoins.

This is what im doing where I do always have the considerations when it  comes to diversifying investment where it is really divided for shorter ones and for long term ones.

and this is where altcoins would be on the works but some people are really afraid on touching up the waters but well I cant blame them because of the risk of those shitty projects.

Bitcoin price decrease is just not a new thing it can either rise or decrease because that's how do market works or moves.When it comes to charts then there are lots of them but
we know that technicals aren't precise from time to time.

[el kaka22]

It certainly got stuck at this level while it didn't want to and that could have a big consequence that could lead the price going down, but we can't guarantee that bitcoin will be down just because we imagine it will be, there is a big chance that this break out could be higher as well, not that many people assume bitcoin will stay this level for a long time, we all agree that either it will crash to $13k or so levels or it will go over $17k to get a bit more hype, nobody says "I think it will stay at $15k for 6 months" because that would be unlikely.

However, from this chart or any other chart, we can't assume bitcoin will go down, we can only safely assume that it will make a big move but the direction of that move will be depending on which side we will break first.

[Bergluft]

I am not an expert. But shouldn't we not also look at the ETH&BTC pairs to evaluate whether BTC is going to increase or fall? The last two days ETH seems to stabilize relative to BTC, with even a slight upwards trend.

Maybe some whales are shifting their funds as Ethereum is still a bit farther away from its ATH? What do you think?

[Zanab247]

Yes, bitcoin will dump soon according to research, which is making many trader release their coins to market to make a good profit before it dump. it will dump before the end of this month because we are about to experience it dump for this 2020. Many trader are still wondering if bitcoin will continue to rise till 2021 for them to trade more in the market.

[bitbunnny]

I don't know if Bitcoin price will dump but I believe the corrections are possible. Due to Bitcoin volatility it's hard to expect that the price will just go straight up all the time.
Also past experiences and charts are telling us that price corrections are very likely the question is only in what range and for how long.

[Kelvinid]

There is no such assurance in this volatile market and for sure, dumps can be possible all the time regardless of how we got the surge these days. Way back in 2017, the correction has shown after the bullish season, surprisingly. And this can't be ignored because that is what we know since before, you'll be expecting ATH, but also you'll never just ignore bearish sean to come.

I suggest that we never be confident that the market runs smoothly until the end of this year. We are still facing the economic challenge yet and there are a lot of factors that may affect the trend. But looking forward we able to keep the momentum for a short while and I can sell my bitcoin.

[cryptomaniac_xxx]

On the contrary, corrections did happen a few days ago, fall below $15k, but today, it seems the price is again pushing, $15800++. So something is telling me the greed index again:

https://alternative.me/crypto/fear-and-greed-index/

87%, that is huge so another sign that we are in extreme bullish sentiments, so short term this might show us where the price will be heading in the next coming days.

[Janation]

It can go up, it can go down, we don't know.

If a correction would happen, I think it should've done by now, right? Or maybe it is still not happening and it would go down in the next few days. But if that is the case, I think people would just take it as an advantage to reinvest or buy again so the reaction of the market is going up again that might reach another ATH next year? Hopefully.

[michellee]

If the bitcoin price is down, that will be another correction for the price to gather more buyers to buy bitcoin, and after that, the price can increase again. But the chart seems like the sideway mode, so I think everything can be possible, even if the price will go down and go up. So if you want to buy or sell bitcoin, you need to analyze more to find what price looks good for you to sell. If the price is like that, maybe you don't need to expect to make a big profit because as long as you can sell at a good price, you will still make a profit.

But I hope the price will still increase because I see that the green candle still appears in the market. But the chance for the price to make a correction will still be wide open. So be careful to decide, and always analyze before decide.

[blckhawk]

Honestly, I cannot tell. Even you can hardly do that. I don't know if there will be a bubble will happen or not, if there's correction will happen or not. But I don't think the growth will now stop.
Bitcoin currently touch $16k and keeps increasing so I don't think that it will dump soon, I had a thought that it might even touch new ATH in the last month of the year. One more thing is that the number of people who are adopting Crypto is still increasing so I don't think the growth will be over.

[Nellayar]

If there is any downward movement in bitcoin, it may only be a correction. Bitcoin still on its track to move up. Anytime soon, it may break the resistance level at 16K usd. The market is slowly recovering its losses from September till today and hopefully we can recover our losses too. Bitcoin will dump when its ATH will break. As we saw the past event happened during 2017 bull run, bitcoin automatically moves down after it reached the peak. We might see another pump this year but let us also be ready in a certain dumps.

[Johnyz]

Honestly, I commented on your new post about Bitcoin price and you predicted that the price will grow more and advise to save more bitcoin which I prefer to do than to sell my holdings anyway. If you will make statement about bitcoin make sure not to create another thread contradicting to your topic, anyway the market will move on its own and its hard to tell where the market is heading now.

[pankowri]

We have seen and familiar with this type of flying and after this, there has always a correction and I hope it will be made shortly. But it can be increased also. I am not an expert on understanding the chart so that I can not make any comment on this.

[aioc]

Bitcoin will be dumping soon - What do you say regarding the chart?

Its looks like Bitcoin is currently flying in the strong resistance zone and possible to dump to previous level or there could be a price correction soon https://prnt.sc/vgsoaa https://prnt.sc/vgsugo. What do you think?

That soon may not come anymore, the market is doing great I don't want to say it's on the safe zone but the buying support is strong that it's unlikely go down below $15000, we have a good correction in the past three weeks I think it's time for the market to move to another level and that is the $16000 level.

[Shasha80]

If I look at the chart at the opening post, the Bitcoin movement looks sideaway. This can indeed happen in two ways, the first Bitcoin will
pass the resistance price and make it to the price of $ 16,000. Then the second possibility is Bitcoin could correction its support price at
$ 15,300 again. Of the two possibilities I am more sure of the first possibility that will occur, Bitcoin will hit a price of $ 16,000 in the near future.

[farrellronald]

Hi friend
i'm just checking the chart with the SMMA, WMMA, and MACD which i'm seeing high rise at the moment that can move the price a little higher but we are seeing that BTC Broke the important pivots and keep moving forward higher than the SMMA
it is not surprising to see a BTC chart became smoother and make it's range on the real price of the market.
it depends on your risk management and strategy to buy or sell at this moment, for the long-term orders BTC has the real power.
you can see what i see in here https://www.tradingview.com/x/1mHYlRit/

[death69]

Good news: bitcoin breaks $15500 and currently stay at $16000. The strong resistance which you say are not as strong as we thought. We are heading to $20000 - our previous all time high. I expect we can reach this point in the first quarter of 2021 when Chinese tends to buy more bitcoin for saving purposes

[goaldigger]

Good news: bitcoin breaks $15500 and currently stay at $16000. The strong resistance which you say are not as strong as we thought. We are heading to $20000 - our previous all time high. I expect we can reach this point in the first quarter of 2021 when Chinese tends to buy more bitcoin for saving purposes

The pump continues to bitcoin and yes we finally break the strong resistance so I think there’s no coming back for Bitcoin and we are close to create a new all time high again!

A lot of things can happen on the last quarter of 2020, and its good that Bitcoin is pumping as we wanted it but still correction is possible so don’t over confident with bitcoin price and stay wise on buying and selling bitcoin.

[Lanatsa]

Good news: bitcoin breaks $15500 and currently stay at $16000. The strong resistance which you say are not as strong as we thought. We are heading to $20000 - our previous all time high. I expect we can reach this point in the first quarter of 2021 when Chinese tends to buy more bitcoin for saving purposes

The pump continues to bitcoin and yes we finally break the strong resistance so I think there’s no coming back for Bitcoin and we are close to create a new all time high again!

A lot of things can happen on the last quarter of 2020, and its good that Bitcoin is pumping as we wanted it but still correction is possible so don’t over confident with bitcoin price and stay wise on buying and selling bitcoin.

Actually, these pumps had been always been longing by most of us when the year ends and it didn't happen in year 2018 and 2019 but this time in  2020.

We did really actually seeing some good movement that we are almost hitting the previous rooftop on where bitcoin did manage to hit.I do have the positive feeling that
we will reach that one but also im expecting for the dump.

Market cant really just continue to cling up yet  be prepare for some another market crash once again.

[Oceat]

Bitcoin will be dumping soon - What do you say regarding the chart?

Its looks like Bitcoin is currently flying in the strong resistance zone and possible to dump to previous level or there could be a price correction soon https://prnt.sc/vgsoaa https://prnt.sc/vgsugo. What do you think?

That soon may not come anymore, the market is doing great I don't want to say it's on the safe zone but the buying support is strong that it's unlikely go down below $15000, we have a good correction in the past three weeks I think it's time for the market to move to another level and that is the $16000 level.

You could be wrong if the market suddenly drops and go down to below the support because I think it is what it needed in order to get ready for the bull run next year, what do you say? It may be breaking 16000 now but I doubt this will continue to break another resistance level. Bitcoin have been pushed too much to the top I think it's time for the correction to set in.

[exstasie]

I am not an expert. But shouldn't we not also look at the ETH&BTC pairs to evaluate whether BTC is going to increase or fall?

Even if ETHBTC looks particularly bullish, there are times like early-mid 2017 where ETHUSD and ETHBTC may rally but BTCUSD will fall.

I find that BTC generally marches to the beat of its own drum, with ETH and other altcoins generally following it, with some occasional divergence. Consequently I feel it's much more important to analyze BTCUSD.

[Psynthax]

Correction will definitely come BUT if bitcoin adoption keeps on increasing by some large corporation I think this chart will be irreleveant however I think I'm being a bit too unreasonably optimistic here.
I would anticipate the correction tho since it's almost always comes after some price spike and it's the most logical step as of now.

[Hasmizara]

This prediction is not sure but the bitcoin movement is always up and down you already inform that the bitcoin price not stable, the number of people analyzed that bitcoin moving high so basically we can say bitcoin is not possible huge dump but accidental news affected bitcoin so drop some price but can not say dump huge.

[davinchi]

It "eventually" will dump for sure. I don't know when it will happen, I can't say how long it will take, I don't know if we will break over $20k+ before we start crashing but I know that when there is this type of huge run from bitcoin eventually there is a big dump coming along. Right now, we are at around $16.3k levels which means we could drop as much as $5k and be $10k+ and it would still be considered a big crash and yet we would still be above what we were last summer.

This is why I think a crash will happen but it won't affect everyone that deeply, it will affect some people who bought in the recent months but nobody else who bought before. And again I don't know when this will happen, maybe for 5 more months we will rise to $30k before we start falling, I just think it "will" happen one day in the future.

[Sterbens]

in this case I think all guesses or predictions are almost correct. and all have the right to make assumptions according to their knowledge. I conclude that from a personal point of view there will indeed be a slight correction where the chart indicates a decline. will not be large, just exhaust the pump that is full enough. I agree that Bitcoin has been the main protagonist for its moves recently. so those who hold bitcoin remain vigilant and don't waste it when they see special moments.

[yohananaomi]

in this case I think all guesses or predictions are almost correct. and all have the right to make assumptions according to their knowledge. I conclude that from a personal point of view there will indeed be a slight correction where the chart indicates a decline. will not be large, just exhaust the pump that is full enough. I agree that Bitcoin has been the main protagonist for its moves recently. so those who hold bitcoin remain vigilant and don't waste it when they see special moments.

The assumption that anyone will not make something happen will be able to change what has happened. let everyone have their own assumptions, then the more is something good and we can sort out what we think is close to what we assume ourselves. sometimes it takes assumptions as a comparison and we can easily analyze it well, because we have to get used to seeing everything from the point of view.

bitcoin is not currently and it is even difficult to predict, because the assumption that bitcoin is a long-term investment has been debunked in recent months, bitcoin has experienced a short-term investment. because the price easily and quickly goes down and up in a matter of days, some even got a sharp shot overnight.
be prepared for those who hold bitcoin that you will receive the results of what has been holding.

[lixer]

It can drop, that’s why there is risk involved. But on the other hand we might be in for another big bull run, and after the bull run the price can still crash again and start from scratch. Although one thing I do know for sure is that after every ATH price, the low that follows next will be likely above the lows we had in the previous years.

So, if you invested at the lowest you will not be losing much, or you can still be able to sell at the early time when the price is dropping. I don’t know about these charts, I have also seen charts that are predicting bull run and new ATH and here is another one saying there will be a dump. So, we are not sure, and that goes to show that these analysts are not even sure what they are doing.

[michellee]

It can drop, that’s why there is risk involved.

We should minimize the risk before the price drops, especially if the price drops too deep. Many people are not ready with that, and make them fast selling their bitcoin without knowing that drops are just for another correction. If they can be patient for a while and still hold their bitcoin, they will profit in the next days. They don't know when the price can back to the high price, which makes them panic to see the price drops.

Maybe they need to learn more about bitcoin price volatility and realize that bitcoin prices can go up and down anytime. So when the price drops, they can calm down and know what they need to do. If they think that cut-loss will be a good solution for them, they can do that. Otherwise, they can still hold their bitcoin for a while.

[CryptopreneurBrainboss]

I am not an expert. But shouldn't we not also look at the ETH&BTC pairs to evaluate whether BTC is going to increase or fall? The last two days ETH seems to stabilize relative to BTC, with even a slight upwards trend.

Maybe some whales are shifting their funds as Ethereum is still a bit farther away from its ATH? What do you think?

Well bitcoin lost some dominance which resulted to the increase the altcoin market recorded couple of days back before bitcoin took back the momentum and increase to the $16,000 price range. Ethereum is filled with potential and should be trading above it current price especially with all the DeFi volume it gather few months back and the upgrade (ETH 2.0) showing positive signs of becoming a reality.

If a dump was to occur which is the obvious bet since the price has increased massively, it won't be much of a dump in price instead a correction which will be eaten up very fast since the overall view on the market is bullish.

[Bergluft]

bitcoin is not currently and it is even difficult to predict, because the assumption that bitcoin is a long-term investment has been debunked in recent months, bitcoin has experienced a short-term investment. because the price easily and quickly goes down and up in a matter of days, some even got a sharp shot overnight.
be prepared for those who hold bitcoin that you will receive the results of what has been holding.

Can you elaborate on how you believe that this has been "debunked"?

[Bergluft]

Ethereum is filled with potential and should be trading above it current price especially with all the DeFi volume it gather few months back and the upgrade (ETH 2.0) showing positive signs of becoming a reality.

If a dump was to occur which is the obvious bet since the price has increased massively, it won't be much of a dump in price instead a correction which will be eaten up very fast since the overall view on the market is bullish.

Would you say that currently is still a good time to invest in Bitcoin and Ethereum in the long-term. Or rather wait a couple of months more and hope that there will be a bigger crash again (like the one we have seen 2018).

[Slow death]

Its looks like Bitcoin is currently flying in the strong resistance zone and possible to dump to previous level or there could be a price correction soon

interestingly a few days ago they ( news channels ) said that the price would drop to $15,300, the price was at $15400 and hours later it started to rise a lot to the point of reaching $16,100. I kept asking myself: how can they make so many mistakes in price prediction? but this is not surprising because whenever the news channels do some price forecasting, the opposite of the forecast they do always happens, and this has happened since years ago, it seems that there is always someone who reads the news and then buys or sells only for news channels to err in price predictions.

[KnightElite]

Correction is inevitable so we should not expect that the price will continue to go up even more without a correction or consolidation. Dump and correction are not the same and they have big differences. When you say dump, it only means that the selling pressure is high wherein it may considered as reversal where the uptrend already reached its peaked and after a dump you will see a lot of breakdowns that indicating the beginning of a downtrend while correction is different because it indicate a healthy market structure if a correction happen as long as it is not a deep retracement. Shallow retracement is the ideal retracement because it indicates a bullish move where we can see the price of the bitcoin to have a momentum again.

[cheezcarls]

Bitcoin will be dumping soon - What do you say regarding the chart?

Its looks like Bitcoin is currently flying in the strong resistance zone and possible to dump to previous level or there could be a price correction soon https://prnt.sc/vgsoaa https://prnt.sc/vgsugo. What do you think?

Anything can happen mate because BTC and the crypto market is so unpredictable these days. Anyone can say that it's gonna pump, or gonna dump, etc., based on their instincts and TAs. However, we can be wrong in our analysis too. What if the dump we expect is pumping instead? Yeah, it's very possible and it did happen many times already. We just have to manage our risks both time and money in trading cryptos.

[Yaunfitda]

Hmm, dumping to what levels though? less than 5 digits? then if this happens, we couldn't stop it. Actually, it will be good though, another opportunity to get bitcoin "very cheap". But then again, charts are not perfect though, it could be a guide, and anyone can right their own lines to fit their narratives. And I'm sure as bitcoin trader/investors, corrections are bound to happen. It' just how you are going to react on it, simply as that.

[Alucard1]

There are still many things that could happen but time will tell and I am still looking forward to seeing the new ATH which is $20-25k, seems too much expectation? well, feel free to predict and set your standard. I am not good at technical analysis so I don't even take a look at it. A lot of predictions already happened for this thing, some are in the side with pumping and some or in dumping but we can not say who will make the good prediction because no one can do, it is unpredictable.

[proTECH77]

Many trader are seriously worry about what they are hearing concerning bitcoin dump soon which is spreading everywhere in the market. Bitcoin will dump soon but not this year 2020 which  remain few month to end the year which many trader still have more profit to make before it dump according to their research. Many trader think bitcoin will dump soon, that is making them to stop their trading in the market not to fall into loss base on, the information that is spreading all over the market place that bitcoin will dump soon because the way it's
  rising every day in the market that is causing other cryptocurrencies to reduce in the market.

[SquallLeonhart]

Dominance is not doing that bad neither, we were at around 63.7% levels just less than a week ago, and we did broke over 65% that is true and the fall only made it 64.8% or so, which means we are still in a very bitcoin dominated crypto world. I want bitcoin to keep increasing and reaching new highs but I also want altcoins to increase 2x faster so that bitcoin dominance would fall.

In a world where bitcoin is 25k, I want ethereum to be 2k as well, ethereum is just an example, whatever else you can think of should go up that way as well, so in that scenario we have bitcoin going up a lot and breaking the all time high so everything is great for bitcoin investors, but everything else takes a bit of power from bitcoin as well and make altcoins credible too.

[TitanGEL]

Dominance is not doing that bad neither, we were at around 63.7% levels just less than a week ago, and we did broke over 65% that is true and the fall only made it 64.8% or so, which means we are still in a very bitcoin dominated crypto world. I want bitcoin to keep increasing and reaching new highs but I also want altcoins to increase 2x faster so that bitcoin dominance would fall.

In a world where bitcoin is 25k, I want ethereum to be 2k as well, ethereum is just an example, whatever else you can think of should go up that way as well, so in that scenario we have bitcoin going up a lot and breaking the all time high so everything is great for bitcoin investors, but everything else takes a bit of power from bitcoin as well and make altcoins credible too.

That scenario can happen as long ad the trend will not eventually snaps, those people who thinks bitcoin will dump soon are the people who do not have enough experiences. We are now in the markup where the prices are keep breaking out and keep forming a new base. The accumulation phase was already finished and it is the reason why the bitcoin enter already in markup phase. We are still in the beginning of the markup phase and the good thing is there are huge possibilities that the bitcoin can now surpass the $20,000. The dominance is keep rising and it is indicating that there are now investors who are putting more money on it and they do not have care on alts anymore.

[gabbie2010]

In the last few days ago BTC/USD had been overbought with reference to 4 Hour, Daily and weekly charts as indicated by RSI its obvious that a sudden dump is very imminent, I am not surprise happen now, it bound to happen, however the pullback might be shortlive because the market is still very bullish, the might touch the last support at $15565 and resume the uptrend continuation, there are positive fundamental news relating to BTC, I don't conceive or envisage the price to dump massively to $14K.

[Dorodha]

In my opinion, no one predicts or provides the actual or correct information about Bitcoin, because past of the year, we see hop the bitcoin ups and downs. therefore, it will be increasing or decreasing any time. But, I think, it will take the better position before the previous years.

Yes, no one can say when Bitcoin will pump and dump because the crypto market is not stable. Now the price is very high may go down after a while. But compared to the last few years Bitcoin has pumped a lot. the charts do not provide accurate signals many predict the future. I don't think the price of Bitcoin will go down. It is likely to rise further this year as demand continues to grow.

[Sinjokubhi]

In my opinion, no one predicts or provides the actual or correct information about Bitcoin, because past of the year, we see hop the bitcoin ups and downs. therefore, it will be increasing or decreasing any time. But, I think, it will take the better position before the previous years.

We cannot just look at the market habits that occur in the following year, because every year there are different factors, so it is not certain that at the end of this year the movement of bitcoin will be bearish (dump). One of the impacts of paypal working with bitcoin is also one of the things that we need to discuss because this will also have a huge impact on the movement of bitcoin.

I think the word dump is less rational with the previous positive news, maybe if it is said to be a correction it could happen, if bitcoin can re-break the lowest price at 15k as a strong support area at the moment.

[fauzan123]

In my opinion, no one predicts or provides the actual or correct information about Bitcoin, because past of the year, we see hop the bitcoin ups and downs. therefore, it will be increasing or decreasing any time. But, I think, it will take the better position before the previous years.

We cannot just look at the market habits that occur in the following year, because every year there are different factors, so it is not certain that at the end of this year the movement of bitcoin will be bearish (dump). One of the impacts of paypal working with bitcoin is also one of the things that we need to discuss because this will also have a huge impact on the movement of bitcoin.

I think the word dump is less rational with the previous positive news, maybe if it is said to be a correction it could happen, if bitcoin can re-break the lowest price at 15k as a strong support area at the moment.

It is interesting to discuss it, it seems that if you look at the current chart it is not impossible that bitcoin will be corrected again with a possible move in the 15k area as a support foothold that must be broken if bitcoin is going to experience the dump.

Of course, the foothold to get a pulback in the new target area of ​​resistance at 20k can occur in the near future, 15k as a support point and 20k as a target area that could occur.

[traderethereum]

In my opinion, no one predicts or provides the actual or correct information about Bitcoin, because past of the year, we see hop the bitcoin ups and downs. therefore, it will be increasing or decreasing any time. But, I think, it will take the better position before the previous years.

Yes, no one can say when Bitcoin will pump and dump because the crypto market is not stable. Now the price is very high may go down after a while. But compared to the last few years Bitcoin has pumped a lot. the charts do not provide accurate signals many predict the future. I don't think the price of Bitcoin will go down. It is likely to rise further this year as demand continues to grow.

The bitcoin now still up and down, and there is no sign to know where the bitcoin price will go.
Maybe it still goes down for a while, but the price will go up again at the right time, and it is just another correction of the price.
But we have a chart that can help us analyze where bitcoin prices will go, and as long as we can use the time to buy, sell, or just watch the market, we will survive and pass these situations.
Yes, the bitcoin price will rise further this year. It will break every high price and will make new ATH.
But if somehow, after this, we only see another dump for the price, we need to be ready because it still unknown where bitcoin will go.

[bittraffic]

I think it will just bounce up and down on its range $16200 - $15700 until it will attempt to break the resistance but the RSI already hits 78 that meant overbought.  It could stick to this level until December before it will shoot up again to break the $16500.  Meanwhile, there are altcoins that are also experiencing bullrun.