Almost clear with the weak hands.

[insiderpro]

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

[Ziskinberg]

Don't celebrate yet as they are not done. Let have to accept that we in the bear season, the time has come already and we have to face this and besides, we have this crisis before but still we strong enough. If you are afraid that the market will be going to dip again, I might think of you as well that you are a weak person. Why not let the prices turn down? In fact, we can take the benefit out from this and this is the time we accumulate more.

I really don't blame weak hands for this, just to accept that not all the time we are in the bullish season like a roller coaster, up and down. That was so-called volatile.

[martina14]

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

The dumped of the Bitcoin price in the market was absolutely didn't expect by a lot of the community here in crypto space.
Still don't know when it will gonna bounce back dude, maybe because of the volatility it has and the market was too unpredictable as
well. But I do hope that it will spike once more and let's see what will happen next for this week.

[crzy]

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

The market didn't dump because of the weak hands, we also have to think the whales who are manipulating the market riding the negative news or even creating their own version of FUD. Anyway, whales is still playing in the market but hopefully to see some sign of life right before the end of the month, we are still not sure if the price of Bitcoin can go back to the price of $50k again, or we will continue this bear trend.

[Lakai01]

-snip-
Anyway, whales is still playing in the market but hopefully to see some sign of life right before the end of the month, we are still not sure if the price of Bitcoin can go back to the price of $50k again, or we will continue this bear trend.

For all those who have been in the market for a while, this is absolutely not a new situation now. This was already the case in 2013, it was also the case in 2017 (e.g. the BCH "attack") and now it is happening again in 2021.  However, one thing was the case in 2013 and 2017, which I am hoping for again now ... a massive last "leg up":

Source

Of course, the market sentiment is different now, for example, there are many more institutions on board. Nevertheless, I believe that we may see a repeat of the market patterns of 2013 and 2017.

[poodle63]

I personally feels like at the current dip whales are accumulating btc  and as you said its part of process elimination of the weak hands so the next bullrun
not gonna get disturbed seeing previous cycle also make me believe that were actually just in early stage of bullrun
see the market panic seller are actually cashing out a lot and whales keep accumulating as i see from various report if turns out this was just a correction all a long the next bullrun gonna be BIG but dont expect too much

[NeuroticFish]

I don't think so, it is still the early phase of the bull attack. Another leg of the ABCD pattern will take us below $25k, after the broken support line the panic will accelerate the process. After September, the BTC price can climb back to $50 in the best case.

Although I would not celebrate yet (I almost did Thursday though), I feel like 25k is a bit tough and I really hope that you're wrong. Of course, on my logic September is also a bit too far for 50k levels.
However, I don't rule it out to have a few undecided weeks, if not even going a bit lower still..(but not under 30k).  It depends though on the news (Taproot) and if any institutional investor starts buying big again.

[tvplus006]

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

The dumped of the Bitcoin price in the market was absolutely didn't expect by a lot of the community here in crypto space.
Still don't know when it will gonna bounce back dude, maybe because of the volatility it has and the market was too unpredictable as
well. But I do hope that it will spike once more and let's see what will happen next for this week.

Most traders have been expecting a market correction for a long time, but not everyone could have predicted that it would be so big. In my opinion, bitcoin has already sufficiently tested its support at the level of 30-31 thousand dollars and can move up after consolidation.

[iram3130]

It will definitely take more than 2 weeks to regain the volume as well as money into the BTC market. If it goes up as fast as it has come down then there will be an alt blood bath, which might be more of a negative news than positive. BTC has to go sideways and regain its lost strength before making an upward move.

[electronicash]

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

The dumped of the Bitcoin price in the market was absolutely didn't expect by a lot of the community here in crypto space.
Still don't know when it will gonna bounce back dude, maybe because of the volatility it has and the market was too unpredictable as
well. But I do hope that it will spike once more and let's see what will happen next for this week.

Most traders have been expecting a market correction for a long time, but not everyone could have predicted that it would be so big. In my opinion, bitcoin has already sufficiently tested its support at the level of 30-31 thousand dollars and can move up after consolidation.

its possible that it will try again in the next few days. if the support on $27k gives, it should plummet. weak hands are really weak when they have no choice but to hold. until they find a reason to cash it out, they will just hodl their BTC.

but there is also posibilitey that $30k is what it is. it should be good to see the price going to seesaw on this range for a long time before trying again that $65k.

[Ararbermas]

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

actually it seems quite now unlike on the past few days wherein really made a constant change in the market because of some weak hands,, as you can see its still bleeding actually but not the same before when the market starts to stumble down..  Perhaps for now let's just keep our fingers crossed that this will end immediately and no another reason that can cause again some correction below from the current support as its still not showing green ..

[elda34b]

Honestly, people in crypto have short term memories. IMO we've seen many crashes like this, the last one I recall happened in March 2020. A lot of crypto got crushed at that time, and now here we are.

I tend to believe more and more that the market is irrational at this point, and those cycles might be a better indicator of the market instead of news since there's a lot of fud being replayed again and again.

[wahyu wida]

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

actually it seems quite now unlike on the past few days wherein really made a constant change in the market because of some weak hands,, as you can see its still bleeding actually but not the same before when the market starts to stumble down..  Perhaps for now let's just keep our fingers crossed that this will end immediately and no another reason that can cause again some correction below from the current support as its still not showing green ..

I think the ups and downs of the market are a natural thing, when prices start to saturate, followed by price corrections. the important thing is we don't fight the current trend. besides that we have to see the news that is going on. like at this time where there is an Ellon statement and it is followed by a Chinese statement, so that it supports the occurrence of FUD. but rest assured the market will return looking for new peaks

[Furious 7]

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

The market didn't dump because of the weak hands, we also have to think the whales who are manipulating the market riding the negative news or even creating their own version of FUD. Anyway, whales is still playing in the market but hopefully to see some sign of life right before the end of the month, we are still not sure if the price of Bitcoin can go back to the price of $50k again, or we will continue this bear trend.

I don't think this is associated with weak hands because the pure market can be manipulated by anyone in power with millions of dollars to play with, so weak hands just go where it goes and this has become a bear trend.
We're still in the early bear phase but will this last? that means bitcoin is able to meet the challenge with a lot of bad news about FUD and you can say the 50k level is a small thing that can be passed again, believe that at this price it will be there soon.

still I will not celebrate anything just seeing how weak hands are always blamed even though behind it all there must be a controller behind it.

[leea-1334]

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

I would not be too sure about this just yet but everyone does seem to like leaving on China news.

Expect a few more Elon Tweets, a few more calming words from Vitalik, some more regulations updates.

THEN we see where we are. Bounce back to 50k would cause a lot of safety and security feelings for more big buys into the market from institutionals. Cheers:)

[OcTradism]

I personally feels like at the current dip whales are accumulating btc   and as you said its part of process elimination of the weak hands so the next bullrun
not gonna get disturbed seeing previous cycle also make me believe that were actually just in early stage of bullrun
see the market panic seller are actually cashing out a lot and whales keep accumulating as i see from various report if turns out this was just a correction all a long the next bullrun gonna be BIG but dont expect too much

Dips are manipulated by whales and they do plan to buy at dips.

The current dip is insane low and perfect for whales to accumulate, buy more and play their games again. Different targets are discussing with this bull run and I can not believe on any speculation. The only want I look at is S2SF model of PlanB. That model is insane correct and I believe it will be correct for this bull run too.

Most traders have been expecting a market correction for a long time, but not everyone could have predicted that it would be so big. In my opinion, bitcoin has already sufficiently tested its support at the level of 30-31 thousand dollars and can move up after consolidation.

The excessive depth of crash is from Future Open Interest liquidation and Margin liquidation. Maybe whales don't plan to make the deep too low like that but liquidations and crashes make it worse than whales planned to play.

Or whales planned everything and give solid support at $30,000 to keep the price does not drop to lower price that will kick off a terrible panic time for Bitcoin market. It can be out of control for whales so they don't want it to crash very lower than $30,000.

[SaveOurSea]

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

waiting is still unconfirmed, because there is news that the futures contract will expire on May 28, and maybe it could cause another dump,
I hope the correction is only a little and insignificant, but for futures players in binance, I suggest you to be careful. heart, it could be a trap with you.
oh yes, Bitcoin on TF 4 hours has also broken out of the falling wedge pattern, LONG from now is a good for short term

[irsykes]

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

If people say bitcoin will increased, then i will support it. Because i will hold it and wait for next pump. If market goes down again, then i don't have any choices beside to hold more and wait for price bounced. People with low capital like me don't have a lot of options in market.

[el kaka22]

Most traders have been expecting a market correction for a long time, but not everyone could have predicted that it would be so big. In my opinion, bitcoin has already sufficiently tested its support at the level of 30-31 thousand dollars and can move up after consolidation.

its possible that it will try again in the next few days. if the support on $27k gives, it should plummet. weak hands are really weak when they have no choice but to hold. until they find a reason to cash it out, they will just hodl their BTC.

but there is also posibilitey that $30k is what it is. it should be good to see the price going to seesaw on this range for a long time before trying again that $65k.

We are talking about weak hands but we are talking about the automatic sells as well and that could be one of the parts why we are down so much. When there is leverage trading going on, those futures are paid with "loans" basically and that means you have to sell your bitcoin and pay with USDT (or whatever they are using) to pay for your loan. When you have a long future and the price drops down, you get liquidated and your money is turned into dollars and that means bitcoin needs to be sold to cover that.

Well, when one of them happens, it drops and triggers the other and then that triggers the other and constantly drops the price constantly. Which is why I think it is quite important to realize that we are not doing something that is just panic sellers and weak hands but we are also dealing with automatic sells to cover the debt created by long futures as well.

[wxa7115]

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

This was an orchestrated attack so I doubt those that did everything they could to shake weak hands are going to be satisfied that soon, they have scared away the ones with the weaker hands, that is true, but now should come the next step of their plan which is to shake the weak hands that are sightly more resistant.

So I think the current circumstances are going to last for 2 or 3 more months and this is going to force those weak hands to sell as they get desperate because the price does not recover, after that then we will see the recovery that we are expecting out of the market.