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

[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.