Don't be surprise to see price of btc drop this week

[cryptomaniac_xxx]

I agree with those who said that the prediction is wrong. But we are still not yet at the weekend. Some of the major price changes and fluctuations happen at the weekend. I know some people who have been trying to stay away from trading during the weekends just because it's too hard to predict. Let's just see what happens in a couple of days.

During weekend, the market is relatively calm, with just occasional dump, perhaps investors are taking money to take a off with their family. It's not that hard to predict, but sometimes the market need to take a rest as well during weekend. As for the prediction that bitcoin will drop, just shows that it is really unpredictable even with the help of TA.

[Jating]

What surprises me the most is how many people still wish for the price to drop and mask it as speculation! Some even take one step further and place a lot of shorts and end up losing a ton of money for their mistake. At least those who are just hoping for the drop to buy in aren't losing money just opportunity.

As we have said before, people who shorts in a bull run will get REKT.

It has been proven already so we really don't know why they continue to go against the sentiments of most traders. And now the market has a good bounce after the Elon Musk tweet, it looks like this is going to be the natural path of bitcoin this February.

Currently sitting at $37.9k...

$38,0k'ish now. Edit: $38,4xx.

[bitgolden]

What surprises me the most is how many people still wish for the price to drop and mask it as speculation! Some even take one step further and place a lot of shorts and end up losing a ton of money for their mistake. At least those who are just hoping for the drop to buy in aren't losing money just opportunity.

As we have said before, people who shorts in a bull run will get REKT.

It has been proven already so we really don't know why they continue to go against the sentiments of most traders. And now the market has a good bounce after the Elon Musk tweet, it looks like this is going to be the natural path of bitcoin this February.

Elon Musk is not the sole reason why bitcoin and other coins are high, we are talking about billions of dollars in investment that purchased so many different coins, elon musk certainly played a role but I think we are in a bull market and that is one of the main reasons why we are higher.

Think about it this way, if we were crashing, like we were under 25k and price was going down like crazy, elon musk could share "I am buying a lot of bitcoin and I suggest you to do the same!!!" type of thing that will make SEC boil with fury, it still wouldn't change, why? Because, price is going down like crazy so why would people buy just because Elon musk said. So why did it go up now? Because, Elon musk did say it during a bull run, sure he did played a role but we were doing very well before he tweeted as well, not like we were crashing so we were quite fine.

[sgenuine]

Large falls are not uncommon for Bitcoin. But all this is temporary. With the growth of Bitcoin, the number of those who want to buy it grows, which cannot but influence the market and reduce the volatility of the coin price. Large corporations and institutional investors feel the danger of real inflation and are trying to protect themselves.

[poodle63]

I agree with those who said that the prediction is wrong. But we are still not yet at the weekend. Some of the major price changes and fluctuations happen at the weekend. I know some people who have been trying to stay away from trading during the weekends just because it's too hard to predict. Let's just see what happens in a couple of days.

BTC keep bouncing from $30K price point, I don't think it's gonna go down that easily within few days not to mention there's many people willing to buy the dip seeing the demand in various exchange.
Honestly, bitcoin is harder to go down due to the institutional investor, they won't just let btc go down the drain in a flash, in worst case if that's happening it's gonna go up again very shortly but that just my opinion.

[btc78]

I'm seeing with the way the waves has gone and the closing of last week and month, the price is going to drop taking off close to $4,000 from the current price. This maybe a major correction.

We are closing to Weekend now and if this is what you are pointing to be the Dropping time then i'll watch very tight now ? thanks for the HeadsUp.

With this happening last week and market situation for the first day of the week and month, we may look the downside to $31,523

this is still on the stronger position up to Know.

https://coinmarketcap.com/currencies/bitcoin/

Valuing 37,000$ and still so maybe now we are looking for at least 5,000 fall down this week?

[blckhawk]

Well, it seems the price is going on the opposite side right now, yet the week is almost over so I think the prediction might be wrong. Unless there will be a big sell-off gonna happen which seems impossible. Bitcoin is now currently playing around $37k and still growing. There might be some correction gonna happen but I don't think this will be the major one. Besides, even if Bitcoin makes a dip it will be just for a while as we have strong backups which are the large institution is on our side. Truly that the market doesn't always work on our side even with the help of TA, anyway are still few days left, let's see what's gonna happen.

[Ridwan Fauzi]

Are you sure you predict the weekly price of bitcoin using 1 hour time frame? I don't think it will be suitable. The low time frame can be manipulated easily but higher time frame like 1D or weekly time frame cannot be manipulated. At least you have to use 4 hours or 1 day time frame to predict the weekly price of bitcoin. Have you seen the weekly price movement ( candle)? I suggest to look it first and to me there is a reason to repute your analyst.

The weekly candle is still green and indeed there is an indicator that will be formed to be double top pattern. But, it will be a different scenario if bitcoin price able to passed $40.000 barrier, we will se a huge pump for bitcoin. I believe the $40.000 barrier can be passed since there are so many good news in the crypto market, also the stimulus issue from US government still widely open to be taken out so the sentiment marker will not change and that one indicator bitcoin price increase more than $40.000.

[SquallLeonhart]

BTC keep bouncing from $30K price point, I don't think it's gonna go down that easily within few days not to mention there's many people willing to buy the dip seeing the demand in various exchange.
Honestly, bitcoin is harder to go down due to the institutional investor, they won't just let btc go down the drain in a flash, in worst case if that's happening it's gonna go up again very shortly but that just my opinion.

That buying the dip is making the dip not even happen anymore. What I mean by that is the fact that there are tons of people who invest into bitcoin with even the smallest drops that price doesn't go down where it was aiming at and the bottom never happens or at least changes. For example let's say price is at 37k right now, and it is going down, if nothing major changes it will go down to 28k, but during that period some people see it at 33k and decide to all buy together at around same time, what happens?

Price was going down to 28k but at 33k it was cut short and stopped going down because new people who were willing to buy came out and bought bitcoin making 33k the new bottom and not 28k, that is what is going on right now, and that is what people are aiming at as well. I hope that we continue like this because it allows the price to keep staying higher and higher.

[KTChampions]

What surprises me the most is how many people still wish for the price to drop and mask it as speculation! Some even take one step further and place a lot of shorts and end up losing a ton of money for their mistake. At least those who are just hoping for the drop to buy in aren't losing money just opportunity.

Currently sitting at $37.9k...

I don't see anything surprising in this.
I think it annoys you only because it contradicts the "buy and hold" concept. But in fact, a lot of people have doubled, tripled and even tenfold their number of bitcoins by selling on hype and buying back on the dump. This strategy has worked many times and may well work in the future.

[Kelvinid]

Well, it seems the price is going on the opposite side right now, yet the week is almost over so I think the prediction might be wrong. Unless there will be a big sell-off gonna happen which seems impossible. Bitcoin is now currently playing around $37k and still growing. There might be some correction gonna happen but I don't think this will be the major one. Besides, even if Bitcoin makes a dip it will be just for a while as we have strong backups which are the large institution is on our side. Truly that the market doesn't always work on our side even with the help of TA, anyway are still few days left, let's see what's gonna happen.

Predictions can be wrong or right. I'd never expect for huge correction as well because the market demand is consistently pushing the price to go forward, no big sell-off is happening but more on buying. Institutional investors keep accumulating Bitcoin and this is a huge factor that we can never see the market drop as what OP thinking about.

[7788bitcoin]

I think it annoys you only because it contradicts the "buy and hold" concept. But in fact, a lot of people have doubled, tripled and even tenfold their number of bitcoins by selling on hype and buying back on the dump. This strategy has worked many times and may well work in the future.

There is nothing wrong in changing the concept according to the market situation, ultimately the profit you make counts and buying and holding for the long term is the general concept everyone follows and during a bull run when the price moves around a range until the next resistance is broken some tend to book their profit and wait for the correction to buy back and the only time that will doom this method is when the resistance is broken after you book the profit  .

[btc_angela]

What surprises me the most is how many people still wish for the price to drop and mask it as speculation! Some even take one step further and place a lot of shorts and end up losing a ton of money for their mistake. At least those who are just hoping for the drop to buy in aren't losing money just opportunity.

Currently sitting at $37.9k...

I don't see anything surprising in this.
I think it annoys you only because it contradicts the "buy and hold" concept. But in fact, a lot of people have doubled, tripled and even tenfold their number of bitcoins by selling on hype and buying back on the dump. This strategy has worked many times and may well work in the future.

Those bolded statement is true as well. Just imagine selling at the top @41k and then buying at the dip @29k sure we can make money on that strategy. So yes definitely it will work as long as you really know what you are doing or at least is willing to take that risk.

Someone advice me to do that, but no, I didn't sell at the top @41k not because I don't want to make money, but I don't want to complicate things on my end, so HODL concept is better at it fits my goal. But it depends though, perhaps majority is doing the "selling at the top and buying at the dip" concept.

[Cherylstar86]

Well, it seems the price is going on the opposite side right now, yet the week is almost over so I think the prediction might be wrong. Unless there will be a big sell-off gonna happen which seems impossible. Bitcoin is now currently playing around $37k and still growing. There might be some correction gonna happen but I don't think this will be the major one. Besides, even if Bitcoin makes a dip it will be just for a while as we have strong backups which are the large institution is on our side. Truly that the market doesn't always work on our side even with the help of TA, anyway are still few days left, let's see what's gonna happen.

The correction happening was just a slight behavior, we could expect more frequency to occur in the next few weeks. Recovery is too fast compared to the declining situations, because many folks also waited for a good opportunity because btc value would rise after sudden dump.

[CapGelatik]

This week Bitcoin has risen above $ 38k, and it will make the bears lose, don't misread the mate candle,
because the bullish candle will not be very helpful, it's better to read TA with indicators and resistance support,
because the bull flag was already formed on the chart. Bitcoin-USD, and the fact that 90% bull flag is successful,
hold on the spot market, because it will be  free liquidation  

[JimboToronto]

What surprises me the most is how many people still wish for the price to drop and mask it as speculation!

I think they're just trying to rationalize their misguided belief that Bitcoin is somehow like the stock market and can be predicted by TA.

It's mostly noob behavior. After they've ridden the roller coaster a few times, they smarten up, quit tarding, accumulate Bitcoin and hodl.

[rodskee]

I'm seeing with the way the waves has gone and the closing of last week and month, the price is going to drop taking off close to $4,000 from the current price. This maybe a major correction.




With this happening last week and market situation for the first day of the week and month, we may look the downside to $31,523

I have seen how many dropping just this january so i always expected this but since i have no plans in selling anytime soon , so it doesn't bother me anyway .
and besides we will be having much of this as we are trying to extend the ATH to 50,000$ .
But this must not affect our trust and Holding . let those panicking do their Homework but let us stay on our positions.

[Janation]

Thanks to Elon Mush it might not happen

At first, I thought that the Bitcoin price will be falling under $20K since it is really closing to go outside $30K but then Elon Musk tweeted the #Bitcoin, and right now we are again closing to $40K. It is just amazing how a simple hashtag could change the price in the market and other people think the whales are manipulating the market.

[MCobian]

Many people predict Bitcoin in price this week will fall, even though in fact today Bitcoin managed to go up to a price of $ 39k. So it is
very fortunate  that they remain HODL Bitcoin until now and do not trust the FUD that is widely circulating regarding Bitcoin. I believe
that looking at he movement of Bitcoin now, Bitcoin price will soon return to its ATH price of $ 41,900. There's even a chance Bitcoin will
hit a price of $ 50k this month, so my advice is to HODL Bitcoin if you really want to get a big profit.

[adaseb]

The reason why people were bearish at the end of the month is because it painted a horrible looking candle on the monthly chart. When we were at $30K last week it had a horrible looking pin and it definately looked like the $42K was the top. However since we closed at $33K and the open price was $29K, a large potion (almost 40% ) or so of the candle is filled, hence it looks bearish but not that bearish.

I think the most important candle is the following month which is Feb. I think if we close under the $29K open which is the yearly open, then I would say with confidence that $42K was the top. Basically it seems like a repeat of 2017, where BTC rallies, then ETH rallies, and then its alt coins, except this year its more like Doge and all the DeFI tokens. Either way, its still too early to tell, we almost hit $40K so we might break $42K this weekend even.