Bitcoin crashed below $48K, is the bull market in danger?

[digifinex.official]

Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open.


https://cointelegraph.com/news/bitcoin-price-crashes-below-48k-but-is-the-bull-market-in-danger

[DapanasFruit]

I do consider this a very healthy correction and many people can use this as an opportunity to get into BTC or add more to what they already hold. No reason to get panic at all. We know this happened in the past and from time to time there can some dumps but the overall direction of Bitcoin remains the same...we are going to hit the $60K soon and right now the market is just gathering the power needed to get beyond that level. Of course, it can be so easy to get lost and just give up Bitcoin and then days from now we will just shock that it has gone parabolic again.

[torrantz]

Honestly I doubt the price could crash below $45K and whether the bull market is gonna end or not I don't really know for sure but seeing the adoption and institutional investors it's gonna be tougher for bitcoin to go deep down. I expect people would just buy it back at certain price and the correciton is to be expected since bitcoin rally has been going up really high so far.

[AGD]

I'll be there (once again) to collect the cheap coins at 15k and lower. Thanks in advance Elon and your fanclub. 

[crypto_nox]

Hard to predict bitcoin, but things are much better now and it is a healthy market now, I believe going always up in single form not good for bitcoin, some up and downs are real good for alts and this is what happened, am waiting for 60k

[aoluain]

Few things at play at the moment, The futures trades will close this Friday so the people
shorting Bitcoin will want its price to drop, and hey hey it has done so.

This also coincides with a massive movement of Bitcoin by F2pool mining.

I created a post in relation to a similar event after Elon Musk tweeted his
"In retrospect it was inevitable" tweet. F2pool were monitored to have
moved 10's of 1000's of Bitcoin to seemingly counteract the effects
of that tweet.

F2pool is made up of a group of individual miners who can act independently
but its such a coincidence that its happening again, anyway it gives us an
opportunity to buy this dip!

I came across this youtube post by CryptoRUs > https://youtu.be/FpvbJ_Tokes

BITCOIN SELL-OFF EXPOSED - GUILTY PARTY REVEALED AND WE NEED TO STOP IT!!!

It is revealed that the F2pool mining sold off 14,000BTC per daym right after the
Elon Musk Twitter event. This is totally irregular compared with their regular
Bitcoin outflows.

The host George makes a very interesting theory as to why there was a massive
sell off on the days following the EM musk tweet and the consequences that tweet
had on Bitcoin Futures.

His main theory after a lot of research is that F2Pool mining possibly had Bitcoin
shorted and was able to counteract the price rise after the Tweet by selling off
such a massive amount to drive the price down triggering their short sells and then
be in a position to buy back what they sold.

I snatched this chart from cointelegraph, it shows as per the video the increased
miners outflow just as Bitcoin crossed $38,000



We have all been asked or have asked at some point "why is the price going down?"
against the logical trend, well this is a very plausable reason.

Very interesting Vid, 27minutes long.

[Coinsfera]

Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open.
https://cointelegraph.com/news/bitcoin-price-crashes-below-48k-but-is-the-bull-market-in-danger

The current dip will not last long, as was the case with many other dips along the way. Yes, it was bigger than before but it is bitcoin no one knows what will happen. If we consider there is an overall bearish market in cryptocurrencies we will experience an increasing market cycle soon. BTC hit 42 and went down till 31 in near past. This time will be the same, just some reason is needed for the market to go bullish again.

[cryptomaniac_xxx]

I really don' understand thinks just because we have a correction or crash thinks that we are in danger. This is just an opportunity for us to buy bitcoin again at a discount price. We have seen this happen before, just last month, bitcoin goes to $28k and yet we have double that price a week ago. Those who panic sell today will just regret their decision next month when bitcoin = $60k++.

So stop spreading FUD.

[matjas]

I really don' understand thinks just because we have a correction or crash thinks that we are in danger. This is just an opportunity for us to buy bitcoin again at a discount price. We have seen this happen before, just last month, bitcoin goes to $28k and yet we have double that price a week ago. Those who panic sell today will just regret their decision next month when bitcoin = $60k++.

So stop spreading FUD.

That is what everyone wants to believe but in reality regular people are not used to high volatility and FUD really affects them. I agree with your price prediction and to be honest that is what we expect, but its impossible to know for sure. Having said that, i think BTC just became too big to fail right now.

[mich]

Not at all worried even 1 bit since we were all expecting this correction to take place at some point in time.
Now its happening so its time we have to hodl on tight and not let allow our hands to become weak and sell.

[20kevin20]

What goes up must come down, right? The market needed a correction before it goes on - it can't go up forever. But as usual, I will only be taking this as an opportunity to buy more. BTC dips have always proven to be good opportunities for investment.

[rhomelmabini]

Might be the best danger for those whales and institutional investors to buy this dip. Historically once March is nearing Bitcoin really has negative monthly return but I believe since it isn't March yet we may see some huge red candles coming. You may see the chart below about the negative monthly return of Bitcoin (this was shared among telegram groups)

[Cnut237]

I'm not worried, either... the faster it rises the faster it falls. A pullback was inevitable. Look at where we've come from: a couple of months ago we'd never even hit $30k before!
The only reason the price drop looks so extreme is because prices are higher this time around. Whenever we drop from an ATH it's the same. Look back at previous ATHs and examine the percentage drops. This is absolutely nothing to be worried about.

[UserU]

Yas, those paper hands have given way to those wanting to buy moar.

Time to stock up on crypto, we pre-2018 veterans have been waiting for this very moment

[Twinkledoe]

I'm not worried, either... the faster it rises the faster it falls. A pullback was inevitable. Look at where we've come from: a couple of months ago we'd never even hit $30k before!
The only reason the price drop looks so extreme is because prices are higher this time around. Whenever we drop from an ATH it's the same. Look back at previous ATHs and examine the percentage drops. This is absolutely nothing to be worried about.

What bitcoin achieved for the first 2 months of this year is already commendable. Even if we are now below 50k, still this price level is higher for the last decade of existence of bitcoin. Actually, only this year that we saw this kind of price in the market. So yeah, we are maybe now in a price correction stage, but we are still enjoying the high price of btc. And let us see after a day or in the coming days, what the market will be.

[sunsilk]

Just another scene where most of the newbies have been brought in fear and thought that it will fall continuously up to the lowest that they can imagine. This is the same as the 2018 start of the bear market when everybody have turned panicking. But you have to reconsider that this time it's very different and no longer the same from that year.

We've got stronger hands and more holders that are not going to sell even it goes more. But just as what we see, we've probably seen the support this time, around $46,000.

[newwest]

Its not easy for many to see this huge drop happening in bitcoin, but its not the first and not the last time as well. Those who had being investing, watching etc from years know these types of falls do happen and the way it rose so fast to cross 50k some fall was sure. Also, the bounce back is for sure now will it happen today itself or may take some time needs to be checked. Keep some patience and avoid panic selling.

[DIA7]

i think if bitcoin dips below 30k mark then we will be in trouble. for the time being bull market run is not in danger its just doing some correction and then it will go and recover to much higher levels.
im going to watch the market for little more wait for it to drop little bit more before start buying.

[Lorence.xD]

Honestly I doubt the price could crash below $45K and whether the bull market is gonna end or not I don't really know for sure but seeing the adoption and institutional investors it's gonna be tougher for bitcoin to go deep down. I expect people would just buy it back at certain price and the correciton is to be expected since bitcoin rally has been going up really high so far.

Don't doubt, expect that it will go down but do not panic about it because this is as they said a correction, price will bounce back up again. The best thing to do is to buy more bitcoin at a lower price because this is an opportunity to buy bitcoin.

[Altcoinsintel]

It is a little too early to determine and confirmation of a trend will be required. The drop to $45000 is scary and the price of Bitcoin could go lower for another week. I don't think this drop is threatening the bull run, but it is worth mentioning that it happened just two weeks after the end of the previous correction, and that it was mostly fueled by the news of Tesla investment in Bitcoin. Without a continuation in good news and very high prices for all assets a big correction was possible. My problem is again that it happened very early and perhaps the liquidity in the Bitcoin market is very lower from what we were expecting.