We are going to lose 20% today

[otrkid1970]

BTC is at around 55k right now but by the end of the day we will see a 20% drop. It will settle around $45k today.

The hype for the week is over.

[Beparanf]

BTC is at around 55k right now but by the end of the day we will see a 20% drop. It will settle around $45k today.

The hype for the week is over.

It's possible but not guarantee especially when microstrategy and other investment company will bag few Bitcoin on this drop. Everyone says this kind of prediction when BTC failed break 58K last Sunday for the second time claiming it was double bottom. But a series of good news turn the table and pump to 60k above. Chart is not working properly anymore on Bitcoin.

[NeuroticFish]

but by the end of the day we will see a 20% drop

Unless you have a crystal ball or can do time travel, you can be right and can be wrong.
However, this topic should be moved to Speculation board.

However, what you expect to happen with Bitcoin price when the Americans with money put aside see that the Stimulus money make their deposits worth less? Fall? Really?

[suzanne5223]

BTC is at around 55k right now but by the end of the day we will see a 20% drop. It will settle around $45k today.

The hype for the week is over.

It's possible but not guarantee especially when microstrategy and other investment company will bag few Bitcoin on this drop. Everyone says this kind of prediction when BTC failed break 58K last Sunday for the second time claiming it was double bottom. But a series of good news turn the table and pump to 60k above. Chart is not working properly anymore on Bitcoin.

The dump in price is not guaranteed as you said because the resistance level in the current market momentum is not yet certain but MicroStrategy and other investment companies are not the only whales investors we have in the market and judging by what I read yesterday the Microstrategy guy bought two days ago and they shouldn't be expected investment again this soon.

[worle1bm]

BTC is at around 55k right now but by the end of the day we will see a 20% drop. It will settle around $45k today.

The hype for the week is over.

We are already witnessing 6% drop in prices and now btc prices are $56k but we could not possibly see such drop of 20% in a single day as this is not a crash situation in the market which can cause such drop in prices.Then again investment in prices will lead to cover such loss and push the prices above $60k soon again.So don't worry about such drops and have you any mathematical proof of your deductions of 20% dip?Be positive about its growth and try to ignore these normal dips.Invest in these times not asking people what will happen next.

[Ultegra134]

BTC is at around 55k right now but by the end of the day we will see a 20% drop. It will settle around $45k today.

The hype for the week is over.

It's possible but not guarantee especially when microstrategy and other investment company will bag few Bitcoin on this drop. Everyone says this kind of prediction when BTC failed break 58K last Sunday for the second time claiming it was double bottom. But a series of good news turn the table and pump to 60k above. Chart is not working properly anymore on Bitcoin.

The dump in price is not guaranteed as you said because the resistance level in the current market momentum is not yet certain but MicroStrategy and other investment companies are not the only whales investors we have in the market and judging by what I read yesterday the Microstrategy guy bought two days ago and they shouldn't be expected investment again this soon.

It definitely cannot be guaranteed, however, it does look like it could dump similarly to the previous dump from $58.000 down to $45.000. It pumped rapidly, thus it could also dump in the same way. I don't find corrections a negative thing, the foregoing one was a great opportunity to purchase, despite looking risky and regretted wrong moves I conducted during that period.

[tinopener]

I reckon the East Coast of the US is waking up about now and getting to work spending some of that stimulus cash on Bitcoin

[elisabetheva]

We are already witnessing 6% drop in prices and now btc prices are $56k but we could not possibly see such drop of 20% in a single day as this is not a crash situation in the market which can cause such drop in prices.Then again investment in prices will lead to cover such loss and push the prices above $60k soon again.So don't worry about such drops and have you any mathematical proof of your deductions of 20% dip?Be positive about its growth and try to ignore these normal dips.Invest in these times not asking people what will happen next.

I agree with you mate, that we must think positively about the growth of bitcoin, because the decline will actually make bitcoin go higher. there could even be a surprise that renewable ATH could be formed.
don't be afraid of the decline if we believe that bitcoin will increase.

corrections made so far by bitcoin are commonplace and there is no excessive worry because after that bitcoin will increase again, this is an advantage for those who make daily transactions, they will get a decent profit. where up and down by a sizable margin can be easily obtained.

[Poker Player]

I like speculation topics but you never get anything clear. You would like to know the future price but there is no algorithm to determine it, so you can only speculate and speculate.

Regarding the price drop, I don't care. I'm still holding and yawning. If you go long term, small fluctuations like this are no big deal.

[Innerpumper]

correction is common, I see this year is already different when 2017 when bitcoin is considered a bubble, this year there are large companies that come in to buy bitcoin invest with great value. I think that is the power of bitcoin at the moment, it is very difficult to make bitcoin go down as low as possible.

[Kelvinid]

Try to look at this,

source: https://www.tradingview.com/symbols/BTCUSD/

It is going back to $57k again, assuming that we lose 20% but we recover also the same, and I think we don't need to worry about it. Have to think that not all the time the market at high, it sometimes goes down and back high again.

I expecting a long-term bullish this time. Though it happens that it might drop $45k still the price is high compared to what 2017 Bullrun ended. That $40k to $50k is sustainable, IMO.

[aoluain]

-snip-

Regarding the price drop, I don't care. I'm still holding and yawning. If you go long term, small fluctuations like this are no big deal.

Me too, its a good plan to just HODL and be patient because you know what?
It will go back up, this is the current trend.

I'm just a little annoyed because I dont have much spare FIAT to avail of the Bitcoin SALE price.

[proudhon]

BTC is at around 55k right now but by the end of the day we will see a 20% drop. It will settle around $45k today.

The hype for the week is over.

I can't believe how scientifically deficient your analysis is. 20%? What kind of math are you using? It will be > 20%. It's easy to confirm this if you know perfect maths and science.

[Lucius]

~snip~

Speculation is allowed for everyone, but when you write that BTC will lose its value by 20% by the end of the day, it should be supported by something concrete. In the last 24 hours, prices have fallen by about 6%, and this is something completely normal - it can fall by another 6% or even 20% - but this is important only for those who trade on a daily basis.

What is clearly visible is that each new level (whether it is $40k or $60k) is tested several times before it is successfully broken - and if I'm not mistaken, the first time we reached $58k, now at over $61k, and maybe the third attempt will be successful and keep the price above $60k.

I know many want some big correction to happen to refill their bags, but don’t be fooled that 2021 is in any way similar to 2018.

[dimonstration]

correction is common, I see this year is already different when 2017 when bitcoin is considered a bubble, this year there are large companies that come in to buy bitcoin invest with great value. I think that is the power of bitcoin at the moment, it is very difficult to make bitcoin go down as low as possible.

Before we only rely on speculation since only whales were considered manipulators but now big companies will not let their investment to get too low since their just started targeting big companies, even the drops may happen it doesn't mean it will not get back in setting new ATH again. It will be faster than 2017 pum and 2018 too slow recovery.

[thecodebear]

BTC is at around 55k right now but by the end of the day we will see a 20% drop. It will settle around $45k today.

The hype for the week is over.

No. Just no. What you just described happened a few weeks ago. Market has since recovered from the correction. This is just consolidating a little bit after the quick move from 50k to 60k during that recovery. Likely driven by the india ban news getting more credible. Likely just bottomed at $54k, will be back over $60k by end of week if not sooner.

[BrewMaster]

there is just no way price could break the $50k support and go below it let alone continue to fall another $5k down to $45k under any normal situation and right now there is nothing going on to create any kind of newbie panic sell and cause a big drop.

the drop we had so far is very simple scenario that price couldn't last above $60k and the profit taker day traders are taking their profit out.

[Furious 7]

It is going back to $57k again, assuming that we lose 20% but we recover also the same, and I think we don't need to worry about it. Have to think that not all the time the market at high, it sometimes goes down and back high again.

I expecting a long-term bullish this time. Though it happens that it might drop $45k still the price is high compared to what 2017 Bullrun ended. That $40k to $50k is sustainable, IMO.

At the beginning we saw the same thing when bitcoin underwent a brief correction, now when it has reached a new ATH and is now experiencing a decrease so I think this is natural even with 20% we can still see how the fundamental movement is when the correction is still happening, is this an opportunity should we prepare? to see the Bullish we are expecting the same length will still be I think the journey will not be as smooth as we imagined it so still when it drops by 5-10% it will be a panic, even I already think it is a common thing that often happens in today's trends.

By the way, Pancakeswap is now having an attack problem. Does panic arise from here?

[BrewMaster]

By the way, Pancakeswap is now having an attack problem. Does panic arise from here?

altcoin related stuff never affect bitcoin market ever. specially when the incident is coming from some DEFI and the scams that come with them.
if that were the case then bitcoin would have dumped every hour.

[Hamphser]

BTC is at around 55k right now but by the end of the day we will see a 20% drop. It will settle around $45k today.

The hype for the week is over.

As usual, i do really able to find out another thread for this day talking about this drop.Is this something you do still get shocked on?
We can swing up as worst as 30% or even lower and this isnt something new into this market this is why on the time you do make out engagement into this place
then you should really able to accept that situations like this could really happen anytime and instead on having those kind of negative feelings then why wont see this

as a situation for you to make some buybacks? Maybe this is the price that you might possibly see the last.