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Author Topic: When will bitcoin price start Falling?  (Read 863 times)
mezzaluna
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January 04, 2021, 02:50:28 PM
 #101

The price should begin to drop gradually if the price of Bitcoin reaches the highest achievement in the current bullish season. But the problem we don't know when it is. Some people state that the price of Bitcoin may reach $100K. So, it means there is plenty of time for Bitcoin to grow. But it is just a prediction, the price may drop at any rate as we don't know the highest rate in this bullish season.


$100K is still far from its value and I think the safest assumption we can say is at least $40K since not a lot of people/users really expected Bitcoin to hit $30K!!! Its quite true that Bitcoins time to grow is still there but this can also mean that Alternate Cryptocurrencies can still have the chance to grow as well which will propel the Cryptocurrency Industry into the public.

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January 04, 2021, 02:51:51 PM
 #102

I cannot say this is 100% accurate but if you see a very long green candle after a very huge uptrend and next to it are 4-6 rejected candles in that resistance or a wall, and a very huge red candle after those rejections, that's the sign for me that we're on a downtrend already, and is a good sign to go for a short trade.

Like what has been mentioned already, you could use indicators such as EMA (50) + RSI for solid divergence. Back it up with Support and Resistance, and Candle stick patterns for more assurance.

In short, learn how technical analysis works to be able to read the price chart.
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January 04, 2021, 02:54:49 PM
 #103

I cannot say this is 100% accurate but if you see a very long green candle after a very huge uptrend and next to it are 4-6 rejected candles in that resistance or a wall, and a very huge red candle after those rejections, that's the sign for me that we're on a downtrend already, and is a good sign to go for a short trade.

Like what has been mentioned already, you could use indicators such as EMA (50) + RSI for solid divergence. Back it up with Support and Resistance, and Candle stick patterns for more assurance.

In short, learn how technical analysis works to be able to read the price chart.

I have the same interpretation of the big dropped that I witnessed, it's very abrupt, bitcoin dump below $30k but that pull back was short and bitcoin started to rise again, however, I think it will be rejected again as the market is already due for correction.

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January 04, 2021, 02:56:52 PM
 #104

Small crash in the price happened, but it wasn't a fall. Myself too thought that the price has started to fall, but from the market behaviour of bitcoin it looks like price correction. The rise in the market of ethereum also made me believe that the market is gonna drop. Later ethereum too dropped and now both bitcoin and ethereum are growing together.

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January 04, 2021, 02:58:30 PM
 #105

Quote

What are the signs to watch out for?
Supply and demand are the signs every buyers and sellers have to look out for in every market. Once the price of bitcoin is deceasing in the market, show it is time to purchase bitcoin for future profit making. When the price is increasing in the market, show it's good for anyone to release their coins to market for profit making.

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January 04, 2021, 02:58:59 PM
 #106

I've been thinking, it's now very scary to buy bitcoin, as the bullish movement is at an unexpected level.

When do you think bitcoin price will start falling?

What are the signs to watch out for?



It would still be a gamble any time of the year so if would depend on your discretion and timing for you to gain from buying bitcoins. Currently the price of bitcoin still continues to skyrocket and probably one of the best time to buy one but still read the current trends.

According to GrayScale, the number of users buying Bitcoin right now is also at an unexpected level and its value is still unexpected so most people who bought their bitcoin now expects Bitcoin to grow so that they can gain profit. This also shows that as long as you have the capital to buy and invest bitcoin, you should grab that opportunity since a lot of people is doing it too and some of them can prove that it is profitable.

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January 04, 2021, 03:02:26 PM
 #107

I've been thinking, it's now very scary to buy bitcoin, as the bullish movement is at an unexpected level.

When do you think bitcoin price will start falling?

What are the signs to watch out for?



It would still be a gamble any time of the year so if would depend on your discretion and timing for you to gain from buying bitcoins. Currently the price of bitcoin still continues to skyrocket and probably one of the best time to buy one but still read the current trends.

According to GrayScale, the number of users buying Bitcoin right now is also at an unexpected level and its value is still unexpected so most people who bought their bitcoin now expects Bitcoin to grow so that they can gain profit. This also shows that as long as you have the capital to buy and invest bitcoin, you should grab that opportunity since a lot of people is doing it too and some of them can prove that it is profitable.

Since some of them already experienced that benefits and now continue to do the same routine, buy low and sell high.

They are buying when opportunities to buy at the dip or correction are available, then sell it once pumped take place and

bring them decent amount of profits.
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January 04, 2021, 03:28:02 PM
 #108

Right now nothing will support to btc reach 40k but it will surely take good correction in recent times when people stop buying a btc go into Altcoin.
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January 04, 2021, 03:35:34 PM
 #109

It is kinda weird on how people's mind changes all of a sudden that from the thinking of when will Bitcoin price will rise up now people are asking when will Bitcoin price will fall down. Now people are having the realization that when opportunity of buying at dump price is just right in front of their noses they keep on complaining that why Bitcoin price is going down instead of grabbing the opportunity to buy more while it is affordable even for ordinary people. Now that the price of Bitcoin is continuously rising to the extent that it exceeded $30,000 price mark. It is also kinda risky borrowing from banks nowadays just to afford purchasing or investing into Bitcoin because despite of the fact that Bitcoin is continuously rising, no one knows what can happen over time. Better just put what you have and not what you cannot afford to loose. That would be much better.

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January 04, 2021, 03:40:08 PM
 #110

I think bitcoin Price falling in February i think 27000$ in this month falling maximum this my prediction 😑
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January 04, 2021, 04:05:30 PM
 #111

When do you think bitcoin price will start falling?
your question is quite strange, everyone expects Bitcoin to continue to rise to an infinite high level every year, you are asking Bitcoin to go down.

I saw you registered in April 2020, as far as I know Bitcoin was still relatively low at that time, December just crawled over, Bitcoin as much as possible then, wherever you are, why now comes to your mind.
I think Bitcoin has no time to go down.

R


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January 04, 2021, 07:12:12 PM
 #112

According to analysts of the Bitcoinist portal, Bitcoin can fall in price to $10.5 thousand. Over the past month, the cryptocurrency has risen by 40%, to $15.4 thousand, and is now in the overbought zone. Traders can start taking profits, which will lead to a decline in the BTC rate, he explained.

Market volatility may occur on November 12-13, when the US will publish data on unemployment and other economic indicators.
At the moment, the asset is called overbought and traders predict early profit-taking.

If the main digital coin starts to become cheaper, the majority of altcoins will show similar dynamics.
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January 04, 2021, 09:11:42 PM
 #113

Despite current price I don't think it's scary at all to buy bitcoin now, as long as you are responsible. And that means not borrowing money from anyone to buy bitcoin, not going all in with all your savings, and most importantly look at bitcoin as a long term investment and that means having the patience to wait for even few years.

Trying to time the market and waiting for  dips dips is harder than it looks  so that's why i prefer dollar cost average method where I don't care much about current price. I simply buy at regular intervals as I know I will profit in the end. So far this method works flawlessly.

Regarding when price will start dropping, it will probably happen suddenly and without some major sign, when people are not expecting.
This's really good advice! The main thing here is to be careful and not make rash decisions after which you will regret.
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January 04, 2021, 09:49:14 PM
 #114

I think bitcoin price can fall down a bit anytime. There are still a lot of chances of correction becoming. But in my opinion, it's not the worst time to invest in BTC. Probably you won't get a huge profit of 1000% in the few months but it's still a well promising investment. I'm pretty sure Bitcoin will become an integral part of our life in this decade so you will definitely not regret buying BTC now.
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January 04, 2021, 09:51:31 PM
 #115

I saw 47000 coins moving off the exchanges last week, that should be a bullish signal right?
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January 04, 2021, 10:21:46 PM
 #116

I think we can never predict this. It can happen spontaneously, at any moment Embarrassed
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January 04, 2021, 10:35:54 PM
 #117

I'm sure no one can be sure when Bitcoin starts to fall, so I recommend always using stop-losses. But if we look at the data on CMC sites,
the dominance of Bitcoin has fallen by 2%. And the price of Bitcoin has also dropped to a price of $ 31,000, maybe this is a sign that Bitcoin
will start to fall. Or is this a sign that the alt season will start, no one can know.

However, based on my analysis, the current decline in Bitcoin price is only a correction that is happening because some holders take profits.
But I'm sure the Bitcoin price will recover soon. Actually if you want to buy Bitcoin at the current price it is quite good, because in the next few
days it is likely Bitcoin will pass the resistance price at $ 34,000.

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South Park
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January 04, 2021, 11:45:58 PM
 #118

The price should begin to drop gradually if the price of Bitcoin reaches the highest achievement in the current bullish season. But the problem we don't know when it is. Some people state that the price of Bitcoin may reach $100K. So, it means there is plenty of time for Bitcoin to grow. But it is just a prediction, the price may drop at any rate as we don't know the highest rate in this bullish season.

Today the price went as low as 28k but then the bulls immediately came to the rescue and the price is now above 31k, to me this is very telling, the bears tried to create a fast crash of the market thinking they could begin a negative trend in the market but they were immediately defeated by the bulls, to me this means there is still a lot of interest to buy bitcoin despite its high price so most likely we will reach 40k during the next weeks.
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January 05, 2021, 12:16:10 AM
 #119

I'm sure no one can be sure when Bitcoin starts to fall, so I recommend always using stop-losses. But if we look at the data on CMC sites,
the dominance of Bitcoin has fallen by 2%. And the price of Bitcoin has also dropped to a price of $ 31,000, maybe this is a sign that Bitcoin
will start to fall. Or is this a sign that the alt season will start, no one can know.

However, based on my analysis, the current decline in Bitcoin price is only a correction that is happening because some holders take profits.
But I'm sure the Bitcoin price will recover soon. Actually if you want to buy Bitcoin at the current price it is quite good, because in the next few
days it is likely Bitcoin will pass the resistance price at $ 34,000.

I completely agree. If you kind of trading and you don't like boring holding then you should use the Stop-loss opportunity to decrease the risks of losing profit. By the way ETH has already reached $1k and it pretty similar to the 2018 situation. I think most altcoins holders will become a bit richer soon enough  Wink
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January 05, 2021, 05:55:03 AM
 #120

None of us crypto enthusiasts no exactly when the bitcoin will fall especially seeing that the market is so volatile. Even those who are crypto experts and well known crypto predictors cannot easily say when will it falls down. However, if you can see that you gain a bit profit then grab every opportunity so in that case it can avoid you from losing funds.

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