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

[vintages]

Isn't it normal?

In the past, we have seen a huge price reduction now look at where we are now.
In as much as many may dislike it, we need the price reduction for market correction.
All we hope not to see is impulse selling from those who panic of loss.

[STT]

31k is normal, 20k is worth talking about mostly because it can be the bottom price and thats the main attraction in any bearish trend it can suddenly swing up like that Elon tweet which is something and nothing but in any case there is a pull and tug of war between bulls and bears that swing back and forth.    I guess 4k in one week is worth noting but since we have no great certainty I dont count it as special particularly.

[Oceat]

well if we observe the value of BTC over 5 years we can see that

• Dec 2017 - $19,650 highest in year and then in 2018 Jan value dropped to $8K
• Jan2018-$3.8K 

• Dec 2019 - $7000 and the increased to $8.4K in Jan2020
• Dec 2020 -$32000 and then went to ATH $40grands and the again back to $33000

one can easily understand the pattern here .

I hope time will pass and you will come back here to tell how much you have earned from this pattern 
Do you really believe that the pattern/analogy found in history should be repeated in the future? In my opinion, this is a dangerous delusion and I would not risk my money to verify its truth.

It seems like the pattern is almost just the same but the price range is different this time. I'm starting to wonder if Bitcoin would be able to pump beyond $40k within this year or this will just continue to drop slowly in no time back to $20k?

Do you really believe that the pattern/analogy found in history should be repeated in the future?

Well, what can I say? Since most of the time that's what is actually happening in the past but their difference is the price range. Sooner or later we might get back to the bearish trend that would hit $10k back again.

[Twinkledoe]

31k is normal, 20k is worth talking about mostly because it can be the bottom price and thats the main attraction in any bearish trend it can suddenly swing up like that Elon tweet which is something and nothing but in any case there is a pull and tug of war between bulls and bears that swing back and forth.    I guess 4k in one week is worth noting but since we have no great certainty I dont count it as special particularly.

And the fact that we have not seen the 30k level after more than a decade of btc in the market, is already great achievement in my opinion. Sustaining the 30k+ price level this long is really good signal that maybe we are already good in adoption and the institutions that put their money on this, believe the capability of bitcoin. So even dropping to 20-25k level is still acceptable. But of course it is not for those who recently bought their btc.

[TravelMug]

31k is normal, 20k is worth talking about mostly because it can be the bottom price and thats the main attraction in any bearish trend it can suddenly swing up like that Elon tweet which is something and nothing but in any case there is a pull and tug of war between bulls and bears that swing back and forth.    I guess 4k in one week is worth noting but since we have no great certainty I dont count it as special particularly.

For every seller there is a buyer, one thing I've noticed in the last 24 hours is that $35k is being rejected several times already. This is very important as this is the next hurdle to $38k regardless if there is a Elon Musk tweet or not.

I'm not saying that we officially enter the bearish trend, but I agree that the chart doesn't look favourable. We might settle to $33k again if bulls and bears keeps playing the tug of war. So let's wait and see if we can finally break $35k otherwise we might see some pullback again.

[Shasha80]

If based on technical analysis I agree that there will be a decline in Bitcoin prices this week, maybe we will see Bitcoin price around $ 30k- $ 31k
this week. I will not be surprised and panicked if this happens, maybe if it is true that the price of Bitcoin returns to the price of $ 30k I will buy
more Bitcoin. Because I am optimistic that Bitcoin will recover very quickly and its price can rise again quickly. So buying Bitcoin for $ 30k is
a great thing to do.

[youdacapt]

I think as a good trader that trades the crypto currency market steadily and consistently; nothing should surprise you at all because i believe traders should expect everything from the market; so seeing a drop should not bother you; be ready to milk the market either in a bear run or a bull run. Take profits and always do your own research

[slaman29]

And the fact that we have not seen the 30k level after more than a decade of btc in the market, is already great achievement in my opinion. Sustaining the 30k+ price level this long is really good signal that maybe we are already good in adoption and the institutions that put their money on this, believe the capability of bitcoin. So even dropping to 20-25k level is still acceptable. But of course it is not for those who recently bought their btc.

That's exactly what people keep forgetting every cycle when retracement happens. BTC never going down below $1000 was a HUGE achievement in less than 8 years. And then now if BTC never goes below $20k again is actually such a crazy outcome but people psychologically think now of $41k ATH. Such unrealistic expectations:)

[arwin100]

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

This is not surprising and also this is not first time to happen and for this scenarios that might possibly came it's indicator for trader that they should not be greedy and always take their profits once they see a good exit point,  and it's so un relevant to believe on those continues bull run since at this point seems market is pretty much doing a average movement compare on past couple of months.

[el kaka22]

If based on technical analysis I agree that there will be a decline in Bitcoin prices this week, maybe we will see Bitcoin price around $ 30k- $ 31k this week. I will not be surprised and panicked if this happens, maybe if it is true that the price of Bitcoin returns to the price of $ 30k I will buy more Bitcoin. Because I am optimistic that Bitcoin will recover very quickly and its price can rise again quickly. So buying Bitcoin for $ 30k is a great thing to do.

That is the reason why bitcoin doesn't fall too much, because there are many people who think like you. I believe that bitcoin price will not go under $30k too much, even if it drops just a bit (like 28-29 thousand dollars) it will go back up very quickly, because everyone believes that bitcoin will go up in the long term so whenever the price goes down they end up buying more and more of it and that is why I think it is never going to drop too much.

For this to end up going down way too much, it would require for the price to go down so much and have a huge crash all of a sudden and that requires some people with a lot of bitcoin to end up selling it all at once, and no chart or indicator can know that, people selling 30k+ bitcoins all at once is not something you can predict. Hence charts can show whatever they want but something charts wrong about will happen either way.

[TravelMug]

I spoke too soon though, it seems that $35k has been broken in the last 4 hours or so, candle looks very green. It's critical that we start the month with the green candle so that the bullish sentiments are going to continue and this is what we are seeing right now.

So far we are good, if we continue with this trend then the next barrier of $38k will be reach or surpassed so it's a healthy sign. And maybe the period of consolidation, (full three weeks) is over and we might see a break out run.

[davis196]

I true Bitcoin trader is never surprised to see the Bitcoin price going down.This is completely normal for a volatile asset.Only the newbie traders get surprised,when a price drop happens.
The BTC price dropping from 34K USD to 31K USD is not a big deal and there's no reason to post your "analysis" for such a minor change.
February isn't a good month for Bitcoin,so I'm just HODLing and waiting for the end of 2021.I don't care about the current price at all.You shouldn't care about the BTC price as well.

[maydna]

I hope I will not surprise if the bitcoin price drops this week, but before the bitcoin price drops, I wish the price can break $38k or even $40k, so the price can adjust to the low price. The trend for bitcoin price now looks good, and the green candle is back to bitcoin price, so I guess this week we can have a chance to see another new highest price.

If the price drops this week somehow, we should prepare our money to buy back bitcoin because that will be the best time to buy more bitcoin. We can set the alarm to sell our bitcoin or placing an order sell at the next highest price, so we are not late to take profit.

[Wind_FURY]

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

Translating OP, “Don’t be surprised to see another opportunity to buy the dip this week.”



Thank you for the reminder OP, but I believe I am HOLDLing comfortably with what I currently have. But I believe some people might be looking for a good entry. Keep the reminder bumped, and visible.

[coin-investor]

If based on technical analysis I agree that there will be a decline in Bitcoin prices this week, maybe we will see Bitcoin price around $ 30k- $ 31k
this week. I will not be surprised and panicked if this happens, maybe if it is true that the price of Bitcoin returns to the price of $ 30k I will buy
more Bitcoin. Because I am optimistic that Bitcoin will recover very quickly and its price can rise again quickly. So buying Bitcoin for $ 30k is
a great thing to do.

It's good if the price goes down to that level, it's an opportunity for another round of accumulation but I doubt if this week we are going to see the price at $30k the momentum is still high it stabilizing at $35000 right now, I have a feeling it will stay that way for the whole month of February, let's see how things will play out this month every month offers a good surprise for all of us.

[SquallLeonhart]

Fortunately price didn't went down much, we had a pump and that dropped but it was a drop from the pump hence wasn't really a dump, in fact it was a good increase when you look at what happened last week. We were at around 28-29k levels for a while, it didn't stay there for too long but it did reached there so I could say that it was definitely a risky move last week, this week we are living at around 35-36k range and that is a great thing for bitcoin.

I personally feel like we are going to break over 40k next week as well, we just need one more bull run to reach there, last bull run started from 31k and peaked at 38k and now this bull run would start from 36k and will definitely hit over 40k if it happens but of course its "if" it happens.

[Wind_FURY]

Fortunately price didn't went down much, we had a pump and that dropped but it was a drop from the pump hence wasn't really a dump, in fact it was a good increase when you look at what happened last week. We were at around 28-29k levels for a while, it didn't stay there for too long but it did reached there so I could say that it was definitely a risky move last week, this week we are living at around 35-36k range and that is a great thing for bitcoin.

I personally feel like we are going to break over 40k next week as well, we just need one more bull run to reach there, last bull run started from 31k and peaked at 38k and now this bull run would start from 36k and will definitely hit over 40k if it happens but of course its "if" it happens.

Fortunately for you, is unfortunate for others who were waiting for another good opportunity to buy and be in a comfortable position. We might not see Bitcoin trading under $30,000 again, and I believe the next dips might be the last buying opportunities before $50,000.

[LogitechMouse]

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

Looks like your prediction is wrong.

We still have 2 days to end the week though but Bitcoin is at around $37,992.36 base on CMC. This week has been a good week for crypto especially for Ethereum which hit its new ATH. I will not be surprised if BTC will drop in the next 2 days but that will be 2 huge red candles on the chart if it will really happen. OP's price prediction might not be touched this week but in the next weeks, it is possible that it will be touched.

[pooya87]

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...

[crwth]

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.