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

[Wind_FURY]

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...

They’re called “pleb-day-traders”. Their behavior is actually encouraged by the “whalecumulators”, the exchanges, and others who can get what they want most from the plebs. Their Bitcoins.

Personally, everyone should be wishing for a mini-crash to bid for a lower entry price. Bitcoin might not be half of its path to price discovery for this cycle.

[Mpamaegbu]

Historically, the month of February has always been a bad one of the crypto market. Prices usually plummet whenever it gets to this time of the year. In 2018, Price crashed from 19.7k high and ranged between $4K to $10K. We saw something similar in Feb 2020.

Those years you mentioned were not significantly post Bitcoin halving years and as such couldn't see demand surge. 2017 was a post halving year and we saw what happened in February of that year. 2021 is also a post halving year. We don't expect any dump this February. Of course, there could be corrections but certainly not dumps. And definitely, not even at this time that institutions are showing huge interest in Bitcoin. Already the price has blown past $40,000 today. We can see $60,000 before the end of February, hopefully.

[error08]

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

in fact, it's the other way around as bitcoin gets back to $40k by the end of this week, the bull has back by pushing above the upper angle of a descending triangle and may reach even higher up to $45k by next week and we're expecting $50k-$60k in this month. The market indicates a strong buy at the moment re-approach the ATH price at $42k as the next resistance to watch. Furthermore, the RSI in the bullish preference as it rises above 60 but still has room to continue before becoming overextended.

[DU18]

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.

now the price of bitcoin has reached $ 40K and the increase that occurred in bitcoin is of course not only influenced by tweets made by Elon Musk but basically nowadays many people are starting to switch to investing in cryptocurrencies, especially bitcoin so that there is a surge in market offerings and finally an impact on the increase in bitcoin prices, because in my opinion the positive trend that has occurred in Bitcoin recently is influenced by the liquidity currently occurring in a market where many investors buy bitcoin as their investment asset.

[imstillthebest]

when op post this im not thinking that the price will fall but if it will fall i  wont be surprise  .
 what surprises me this week is when the price starts increasing again because i thought btc will remain stable for a few weeks and months but now that the increase finally happen ,
 im now thinking that the prediction of the op will start to take effect and that will start i guess by the next week starting this incoming monday .

[Casdinyard]

Seems like the opposite, happened. But that's no big deal. The market is just unpredictable in the first place which is why I do wonder why many people are making absurd opinion, such as its market value will be below $20k or its price will be $100k. Can we just let this market move? There are many discussions having the same topic and I know most of the people who are making such topic are well aware that there's no consistency with the market price of cryptos and speculations are just guess.

when op post this im not thinking that the price will fall but if it will fall i  wont be surprise  .
 what surprises me this week is when the price starts increasing again because i thought btc will remain stable for a few weeks and months but now that the increase finally happen ,
 im now thinking that the prediction of the op will start to take effect and that will start i guess by the next week starting this incoming monday .

It have started already. But conclusion is just hard to make, the market is just playing ups and downs.

[KTChampions]

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.

Assuming some cautious margin trading shenanigans, the profits from speculation can be huge. However, as far as I know, this growth ruined a huge number of bears (and possibly will ruin them again), so I also prefer calm strategies without risk. Holding an asset is the most correct thing to do.

[crzy]

I'm literally surprised right now because the market turns into opposite and Bitcoin just made its new all time high, it seems like the whole market is totally unpredictable despite of all the indicators that we're using to analyze the price trend. Bitcoin is good in the past week and I guess we are still heading for a new all time high in the coming weeks, so let's keep watching.

[KryptoKings]

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

So now BTC is trading at above $40k. I am glad you were wrong. These charts never give any accurate info and if they are not accurate, why trust them?.
I don't trade much but whenever I do, I trust my intuition only and most of the time it is right.

[Theones]

I'm literally surprised right now because the market turns into opposite and Bitcoin just made its new all time high, it seems like the whole market is totally unpredictable despite of all the indicators that we're using to analyze the price trend. Bitcoin is good in the past week and I guess we are still heading for a new all time high in the coming weeks, so let's keep watching.

Quite the opposite for me. The cryptocurrency market has been looking bullish for several months now. The fact that there are corrections and the price temporarily drops is perfectly normal. I think that we will see such a situation and further price increases for at least six months.

[arufox]

I never be surprised if the Bitcoin price drop because this is so natural, every coin drop, and I don't care it.. If drop it's a good time to buy. Because Im focus in long term rather than the short term so drop price is a chance for me

Everyone should buy in dip and hold

[Marvelman]

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

Oh, man! You really did miss out, didn't you?
What are your forecasts for next week (so I can do just the opposite)? 

[iv4n]

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

Oh, man! You really did miss out, didn't you?
What are your forecasts for next week (so I can do just the opposite)? 

Nice comment, exactly what I am thinking! To be honest I am not sure am I surprised with this bounce back or not, but it's happened! It's very hard for me to predict anything this day, I am jumping out of tracks often the last two weeks, but at least it's luck when the price bounce back, I can sell and start all over!
Looks like this year will be very interesting for all of us! With many turns, and for sure some turns will be a surprise for many!

[Marvelman]

Looks like this year will be very interesting for all of us! With many turns, and for sure some turns will be a surprise for many!

I agree. HODLING seems to be the best tactic for now.
I only have a small portion of my stock at the exchange and trying swing trading to increase my stock.

[Lucius]

To be honest I am not sure am I surprised with this bounce back or not, but it's happened!

As has happened several times in the past month, and it may happen several more times before we can keep the price above $40 000. Simply at the moment this price is not sustainable because most large investors are no longer putting a lot of pressure on the market, while on the other hand they generally do not sell what they bought in recent months (of course there are exceptions).

The year has started great in terms of price, and certainly for all those who trade on the principle of "buy low, sell high" these regular price changes in the range of more than $10 000 are great for regular profit making.

[Rana590]

Bitcoin has not come to this stage in a day.  Those of us who save bitcoin must be patient.  Price: Falling and rising is a common thing in Bitcoin.  You don't have to be frustrated when prices fall.  Even if the temporary price decreases, the price of Bitcoin will increase again.  For this we have to wait patiently.

[Sled]

Bitcoin has not come to this stage in a day.  Those of us who save bitcoin must be patient.  Price: Falling and rising is a common thing in Bitcoin.  You don't have to be frustrated when prices fall.  Even if the temporary price decreases, the price of Bitcoin will increase again.  For this we have to wait patiently.

Market trend changes at all times, it is often to see its unstable situation and this is not surprising or shocking anyway. But despite these unchangeable market behavior, we are still able to hold and keep our faith, it can be soon good after troubling days.

But this time, we are still in good shape. We think about drops after hitting ATH but there is nothing shows like that, we eventually made a stable at $30k to $40k. I'm not thinking bad or any negative insights but we can't hold also if the market price will dump someday.

[jaberwock]

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.

That is basically the proof that you shouldn't base your decision on the charts alone, sure they are great and all but you shouldn't base it on them only and forget about everything else, you should point a situation where everything else is included. Something that we do not expect at all and shocking could happen tomorrow, maybe Elon Musk will come out and say that he is selling 10% of all his shares and buying bitcoin and doge with it? Can you guarantee that it won't happen?

Of course it sounds silly but as long as there is no %100 guarantee that it won't happen, we have to put that in. Or maybe some whale like grayscale who has 500k+ bitcoins comes out and sells all theirs? These are of course extreme examples but I just wanted to point out that Charts can't predict these things, and of course there are many smaller things it can't predict.

[Oasisman]

I'm literally surprised right now because the market turns into opposite and Bitcoin just made its new all time high, it seems like the whole market is totally unpredictable despite of all the indicators that we're using to analyze the price trend. Bitcoin is good in the past week and I guess we are still heading for a new all time high in the coming weeks, so let's keep watching.

There was no indicators in that chart, the OP's prediction was based on the price action from the past week that doesn't show anything to provide an accurate information about the future price. Crypto market remains unpredictable no matter how good you are with technical analysis or any kind of market analysis.
ATH is within the reach, anytime soon Btc might be hover around the $40,000. It seems that Btc is slowly making an upward movement crawling it's way to $100,000.

[Dutchyyy]

Bitcoin moved precisely the opposite. These graphs are the perfect example of why I don't believe in technical analysis for crypto, and I follow mainly my gut.

Trade cautiously and HODL most of your coins!