We are going to lose 20% today

[STT]

Seems a fair call on the mood but not the magnitude especially or the momentum downwards.   I dont think its moving that fast or is especially forced rapid selling, we may form a trend downwards but only then will I be especially negative because its taken a fairly long and winding road upto the top which is not how 2017 was especially.   Seems alot more considered in its rise this time so a pullback I dont mind and just hope I get when its exhausted the selling because it still seems possible it can rise rather everyone has already given up or the rise was too fast to form any strength at all.
  The lows today have been a fair point for it to rest and possibly find support, dont know just yet.   However if it continued and needed to check prices lower then I think the monthly average would match prior action sideways which often means enough volume to arrest a fall and give that support scenario.  Thats about 50k or so 51k area, thats just a rough guess with previous bars topping out there it can be a support area in my experience.

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[fadhilz123]

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 analysis, no news, your statement is nothing. Many people say will drop, will dump, over, etc but Bitcoin keep going uptrend, Before reaching $60K, I never see an analysis that say "Today will reach 60K" but we can reach it without warning, this means unpredict, so maybe you predict will drop, but actually unpredictable, And for an investor like me it does not truly take effect

[philipma1957]

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.

op
and we are at 56k so far you look like  a " pick a choice of words as I rather be polite."





I predict 77,777.77 before april fools day .


so you pretty much look like a loser with your guess lets see how I look on april 1st.

btw I pick 77,777.77 as it is 7 7's no other than that.

[arufox]

I see Bitcoin price today still at $56K, and I don't see a sign for a dump to $45K as OP say. I don't know what the reference of this thread. Don't say you make this thread because of the reference is "Bitcoin ban in India" lol. Or Op just tries to spread fud. I think he is in the wrong place

[wheelz1200]

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.

What is this based on.  A 20% drop when no indication of a massive drop incoming is a bold statement.  Can it sure but why today.  These threads pop up all the time and I mean one of them will be right just by mere statistics but it doesn't mean anything.  Why keep posting these threads?

[2double0]

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.

But why? Is there any base for your claim or you are saying it out of thin air? Btc cannot drop like that overnight and there must be very strong selling pressure to make that happen. I know that I cannot deny all the old action that took place on btc after new ath were created, and I am also surprised what made btc drop to $55k but seriously, it cannot drop there.

[MCobian]

It is normal that after Bitcoin managed to rise to the ATH price of $ 61k, now there is a correction to the price of $ 56k, meaning it has dropped
by about 8%. There's no need to panic seeing this happen, I'm sure the price support at $ 55k will be strong enough to keep Bitcoin price from
falling further. So keep calm for Bitcoin holders, because my prediction is still unchanged that this month Bitcoin will hit a price of $ 70k.

[Untomabur]

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.

bear is very weak, even though the Bitcoin price corrected to $ 55k, but the price will rise again at a later date, believe me !,
why? because we are in a bullish season, and the dominance of bitcoin is still showing a high number of 60%, this is an indicator that the price of Bitcoin will still continue to rise, if the dominance drops deep then the bullish for bitcoin ends and a bullish turn or altcoin season begins.

[dihari]

20% is too too deep to drop. Also, a speculation need a base statement or analysis. You can't just saying the price will rise or drop just because something inside your head said that.
And now after 24h, the price is stable at the level 54k

[maxreish]

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 is not always the bullish times. Bear are always waiting for their turn. If 20% down will gonna happen, I will not be surprised but isnt too fast to be dumped that big? If it can hold the price and won't go down below $53, we can still have hopes of keeping it's price at $50k. However, the market seems still have a lot of surprises. Other predicted bitcoin to go up to $73k if it will continue to hold at least $60k.

[cryptomaniac_xxx]

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, I didn't see bitcoin drop 20% and goes down and settled to $45k. On the contrary, it seems that $55k is holding strong at the moment, but we have to wait at least at the end of the week to validate what you are saying here. As for the hype, bitcoin is always been hype, regardless if it's going down though, there are still retail and institutional money flowing in. So far, in the last two months, the price went to 23%-26% and yet we still get to $60k this month.

[KryptoKings]

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.

You will soon be proved wrong mate. BTC will never go below $50k.
Soon it will reach $75k

[Renampun]

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.

*can we please not create a new topic every time the Bitcoin price corrects a little 'lol'...
btw, if someone says the correction this time happened because India announced a Bitcoin ban then they were wrong, this is a reasonable correction and was common before the Bitcoin price bounced up.

[slaman29]

Seems a fair call on the mood but not the magnitude especially or the momentum downwards.   I dont think its moving that fast or is especially forced rapid selling, we may form a trend downwards but only then will I be especially negative because its taken a fairly long and winding road upto the top which is not how 2017 was especially.   Seems alot more considered in its rise this time so a pullback I dont mind and just hope I get when its exhausted the selling because it still seems possible it can rise rather everyone has already given up or the rise was too fast to form any strength at all.
  The lows today have been a fair point for it to rest and possibly find support, dont know just yet.   However if it continued and needed to check prices lower then I think the monthly average would match prior action sideways which often means enough volume to arrest a fall and give that support scenario.  Thats about 50k or so 51k area, thats just a rough guess with previous bars topping out there it can be a support area in my experience.

Yeah the forced rapid selling is very critical to point out because this is less of a panic from the masses, but a serious attempt by the bears or those maybe holding futures contracts.

This is a much slower and more patient rise to the top, definitely not the crazy 2017 swing. So it's good news for the bulls I feel, that there is a lot more space to go up into.

[el kaka22]

I love these kind of topics, and here we are, at the end of the day, we are at 55k and didn't move, that was just one drop and we didn't dropped any longer. It doesn't matter if it drops to 45k today or tomorrow or a week from now, this topic itself is wrong, why? Because it said today and it failed already, from now on he can't dance around and say "I was wrong just 2 days" or whatever, that is still wrong, I can say "we will be 50k in a day" and if we see 50k in a year that would be still wrong. Long story short bears will try to do whatever they can to stay bear, but they are going to keep being wrong as well.

Remember all those people who sold in bunches during the last correction? Those people were afraid that bitcoin would go back under 10k, there were topics about bull run ending, there were people saying we are definitely going under 20k this time, what happened? We broke ATH in a week.

[carlfebz2]

I love these kind of topics, and here we are, at the end of the day, we are at 55k and didn't move, that was just one drop and we didn't dropped any longer. It doesn't matter if it drops to 45k today or tomorrow or a week from now, this topic itself is wrong, why? Because it said today and it failed already, from now on he can't dance around and say "I was wrong just 2 days" or whatever, that is still wrong, I can say "we will be 50k in a day" and if we see 50k in a year that would be still wrong. Long story short bears will try to do whatever they can to stay bear, but they are going to keep being wrong as well.

Remember all those people who sold in bunches during the last correction? Those people were afraid that bitcoin would go back under 10k, there were topics about bull run ending, there were people saying we are definitely going under 20k this time, what happened? We broke ATH in a week.

There are lots of people who do have this kind of behavior which i can say that it isnt really that surprising because due to very unpredictable characteristic of this market then you would really be
having those kind of feelings and thoughts to be generated once you do saw some price decline specially when you are just noob into this place.

Seeing 20% decline in price isnt something that you should really panic on yet there are even worst case scenario that it can drop way further than that which would really leave you
in panic if you arent aware.

People does have 2 sentiments from time to time its up into your experience on how to handle up things.

[jossiel]

2 days has passed and if OP was right, I will be one of those people that will start to believe his takes about the market. But sadly, the opposite did came and bitcoin recovered instead and has stepped again in $58k.

Remember all those people who sold in bunches during the last correction? Those people were afraid that bitcoin would go back under 10k, there were topics about bull run ending, there were people saying we are definitely going under 20k this time, what happened? We broke ATH in a week.

There could be a reason that the time permits that they should sell because of some circumstances that they're facing. Whenever I sell, even if the price isn't good, I'll definitely but it won't be the reason that because I'm panicking. But mostly, you're right with many of them that sold.

[STT]

As suddenly as it began it was over, the larger moves require more time to really sell and this iteration was not the large sell speculated by OP.   We have had the sell and that trend is broken in two places now and we are through that pattern of selling, a future pattern may once again deliver something else but for now the mood is higher with no special amount of selling pressure apparent.



I'm not going to bother to add any drawn trend on this graph as the conclusion is simple enough, we are through the weekly average today where as yesterday it failed and marked the top of that action on 4hr bars.   Near term theres a target upside of 59k or so and downside I presume the market wants to stay above the weekly average at 57k to confirm the bullish action .    On the lows we have a higher low which generally fits with the end of this particular sell phase, the low today because of this was a buy.

[Untomabur]

20% is very deep, if you play in the spot market you shouldn't sell it, because it will make you lose a lot,
but if you play on futures, stop losing must be used, look at yesterday the cryptocurrency fell sharply,
and now prices are starting to recover again. , that's the importance of hold.

[Hippocrypto]

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.

That's alright, nice opportunity for those who still waited for cheaper btc price and also for other promising coins to invest. If that predictions will come sooner, don't hesitate to buy during the dip because fluctuations during this time will randomly happening. We may not notice and it will suddenly bounce back and recovery is too fast.