Bitcoin is falling down. Is it the end for it?

[slaman29]

It's not the end for BTC, the price will drop but not for long or too deep, many are waiting for it for the price to decreased so they can buy back, many may spread speculation and try to create news to discouraged others to buy or to make other sell. I'll be monitoring it throughly today to know  where point I can atleast buy some, I don't think bear market will be happening from these drop.

And the buyback already began in frenzy in Asia this Monday, everybody loved the 55k and below prices, you can see the bounceback has started and another high is looking very much a possibility now.

Or we see another drop and 50k support breaks. It doesn't change the narrative for Bitcoin at all!

[bakasabo]

When Bitcoin suddenly began to rise in November, mixed with Elon Musk pumping actions, people were silent. Now when it had lost almost 10k in few days people bury it and sow panic. But only few, who has steel grip see an opportunity to earn and increase future holdings. Dont get caught by fake price drops, hold or trade. Dont just exchange Bitcoin to fiat.

[Cling18]

The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.

Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.

It happened in the last few months and most of us have thought that it would be the end of the Bull run but the price has risen unexpectedly. As for me, that's just part of its recovery phase and we shouldn't be bothered about it since that's how the Bitcoin market moves. I don't think the good market situation would end so soon.

[777Jolami]

Well, don't cry like that, my friend.  How to maintain value in a translational way without modifications? Rejoice that when bitcoin moves vertically to the new $ 64k ATH don't curse when there's only one slide.  There is still the friction of this market.  So don't worry and hurry!

[Iranus]

Will the market ever rise for life? The market will rise and fall will be regulated in this way. It has been dumped for a while now but it is expected to recover very soon. Bitcoin has huge support in the 50K zone. Bitcoin has made New ATH several times out of 50,000 supports. So those who will hold for long term without being disturbed by this dump will definitely benefit.

[iTradeChips]

No I don't think that bitcoin is going down. With every bullish period comes a correction period. And this correction period varies in its performance. Sometimes it is very smooth decline and sometimes or most of the times it crashes down in one whole sweep. But of course the market forces would still continue to support Bitcoin and when it does come down crashing. You will expect that in a few years or so it will go back up , and will make another ATH.

[bussybuddy]

The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.

Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.

If I have held BTC to this stage then I think there is no need to worry too much about its future. Confidence in this market is huge, as I see more and more large institutional companies taking an interest in this area, maybe the adjustment frightens people, but I personally go too far. I've gotten used to this over the past few years, so my next goal is to sell BTC at $70000-75000.

[quins]

not now maybe but end of this happen in Pandemic it well down...

[Westinhome]

No I don't think that bitcoin is going down. With every bullish period comes a correction period. And this correction period varies in its performance. Sometimes it is very smooth decline and sometimes or most of the times it crashes down in one whole sweep. But of course the market forces would still continue to support Bitcoin and when it does come down crashing. You will expect that in a few years or so it will go back up , and will make another ATH.

For almost many years has past bitcoin are still alive and not gonna end but it will going to popular and making some big news that would be expect on us to reach into a high price again. And yes thats true the market still support bitcoin if the bitcoin going down well there is another ATH again and maybe will break the record of the price of the bitcoin for now. Actually no one will expect of bitcoin to doing some moves like that and we so glad that would be a chance for us to earn from bitcoin.

[Jaycee99]

I may be late in replying to the post. Still, I want to add and share this...

A few days ago, I got a notification and news from an app that I am using to identify bitcoin value and that is about bitcoin being banned in this country so, from the main idea of demand and supply.
So probably a lot of people sold their bitcoin once this country band all kinds of transaction and that cause bitcoin fell but as long there is a lot of people believe in bitcoin.

As long as people who have the highest stock in bitcoin don't withdraw their bitcoin everything might and still be fine. Still, as others have posted. I am one of those people who experience bitcoin downfall for 3 or 4 years I waited and it was worth the wait so let's just hold on to bitcoin as long as we know how we have a small idea of demand and supply plus patience it will be worth it.

Ending this that bitcoin value falling is just normal like every other business but this one has no probability of going zero bases on my experience holding bitcoin.

[danherbias07]

It's going sharper downwards. Optimistically, it's an opportunity.
A good entry point now and I won't expect it will go way far than that or it could be regret for missing this rare chance.

Even altcoins felt it. Looking at coinmarketcap, almost every altcoin listed on top is red marked. Except for Doge. What?! 
Could it really be because of the blackout in China. I can't find any news that will sink the value down except for that.

[ALLON2017]

Now The Market has lost some confidence in bitcoin, its currently valued at around 71k in Australia, it could easily be trading back in 50-60k range unless there's another feel good story to pump it up again.  

[Shasha80]

As long as Bitcoin is still above the price of $ 50k, I believe Bitcoin is still in a bullish trend,  because a decline in price is a natural thing that
must happen. Then there is no need to panic seeing the Bitcoin price now at $ 55k, whereas previously it was very convincing going up to
the price of $ 64k. Sometimes Bitcoin needs correction to go up even higher, so it's just HODL of Bitcoin that we have. And just look at the Bitcoin
price will soon recover in the near future.

[UserU]

Now The Market has lost some confidence in bitcoin, its currently valued at around 71k in Australia, it could easily be trading back in 50-60k range unless there's another feel good story to pump it up again.  

No, it's because Binance was undergoing maintenance on their spot trading platform. Even the P2P was down so some paper hands "panicked". We'll likely see it stabilize after that.

https://twitter.com/binance/status/1383964026556747778

[amihada]

It is very reasonable that the price of bitcoin goes up or down. Basically, the price of bitcoin is unstable, so don't panic quickly when the price of bitcoin goes down, the price will definitely go up even more expensive.

[nicecrypto]

The last few months of solid growth have instilled confidence that Bitcoin is unstoppable. Each time Bitcoin updated its maximum and even managed to get close to the $60,000 mark. However, then its price fell sharply in a few days and for many investors it came as a shock… for some reason.

Is it really the end of the Bitcoin rally or it’s just a pause before another storm? Let’s try to figure it out.

Firstly, Bitcoin did cross that mark.
The sharp drops in Bitcoin price is some thing most investors that have been in the crypto space for some time have witness this and it is expected in the crypto market but I do understand why most other investors would think it is over any time that happens. I dont think that the Bull market is over, I believe this is just another correction as we have talked about in this forum in the past similar case and we will move ahead again.

[bits4books]

After every dump people creates incredible amount of threads like this here

[isaac_clarke22]

Not really "end of bullrun".
Are you not that used to price correction, OP?
Although I won't based mainly on how the price will move, but almost everytime it happens all the time that Bitcoin corrects before it prepares for another breach.

[slaman29]

It's going sharper downwards. Optimistically, it's an opportunity.
A good entry point now and I won't expect it will go way far than that or it could be regret for missing this rare chance.

Even altcoins felt it. Looking at coinmarketcap, almost every altcoin listed on top is red marked. Except for Doge. What?! 
Could it really be because of the blackout in China. I can't find any news that will sink the value down except for that.

Yes! Simply incredible. For the first time I saw DOGE listed on the front page of Coindesk, never before in my life have I seen that, and never would I have expected it. Truly a description of how crazy the world is in crypto markets and I think a lot of investors will be puzzled, especially those in the traditional world of stocks and forex. Now you understand why all the media is writing badly about it. No news. Just markets.

[fauzan123]

It is very reasonable that the price of bitcoin goes up or down. Basically, the price of bitcoin is unstable, so don't panic quickly when the price of bitcoin goes down, the price will definitely go up even more expensive.

While the current retreat is notable, it’s not on that scale. Bitcoin is still 93% higher than it was in January. Volatility is routine for the asset class: The 15% intraday drop on Sunday was only the biggest since February.

The trouble with any sort of price predictions for cryptocurrencies is that there aren’t a lot of fundamental metrics to form the basis of forecasts. Much comes down to best guesses on whether institutional investors will buy in and whether Bitcoin whales will sell. Less than 2% of accounts control 95% of the available supply, according to researcher Flipside Crypto. That means one large holder can have an outsized impact on the still illiquid market.