Bitcoin failed at $58,000 and dropped by more than $3K in a day.

[rhodelmabanal]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

[Poker Player]

$3K is business as usual. It's like a 5% drop. A 5% rise or fall in the price of Bitcoin is quite normal and cannot be attributed to any specific event. If you're worried about a drop of that percentage, you'd better not invest in Bitcoin or one of these days you're going to have a heart attack.

[nutildah]

The world must be ending, sell everything now because Bitcoin isn't apocalypse-proof. Some people think you might need things like silver, bullets and gas for barter after the revolution begins but they're wrong. It's actually chickens. People never know how much they need chicken until its too late.

[DapanasFruit]

This is just so normal with Bitcoin ad it is just natural for anyone to look for any reason they can find. Anyway, I really hate to connect this with something that has again China's involvement. I am wishing that by 2022, we can get over with this China factor and move on. I am tired of this China, China and China. Since China has already made it clear that they will never allow Bitcoin and cryptocurrency within the country, let so be it! Cryptocurrency can grow a lot even without China in the same way that Google, Facebook and YouTube became megalith even if they got virtually no presence in China!

[TopTort777]

I see no real reason why Bitcoin has lost 3k. This is just regular market situation. Previous growth from 50k to 58k also happened without any specific reason.

In fact, the actual price drop is not 3k; the price has decreased for 1-2k, and panic sellers just pushed it more down. You can call it correction if you like.

China is definitely not a reason for a drop. They ban cryptocurrency anyway. Not a big deal if someone can not trade what is banned. Besides, Binance does not just restrict access, it restrict only trading option. "If the platform finds out mainland China users, Binance will restrict such accounts to the withdrawal-only mode. Users will only be able to withdraw assets, cancel orders, redeem or close positions."

[worle1bm]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

Oh here comes another blame on chinese restrictions but seriously is this drop even significant that we need to talk about it.Bitcoin volatility effect could make surge or dips with such price levels and it's quite normal.But the positive news is it has managed to recover from $40-$45k barriers so ignore these things.Even if it was $70k fell from $75k would be bearish still and having such discussions?

[Charles-Tim]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users.

There are still centralized exchanges that people can use to trade without not getting verified. Binance still give the choice to withdraw only while all non verified users that their account has not been restricted already will have not more than 19th of this month. I do not see how this affected bitcoin price, also include the link to the news for it to be authentic.

more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?

I do not see how this is linked to China, it is not. But you can read this in case of another China FUD:

Crypto has recovered from China's FUD over a dozen times in the last 12 years

Know that a time is coming bitcoin price low will not reach $55000 anymore.

[buwaytress]

Indeed, a failure and a drop of about 5% in 24 hours. A tragedy after notching over 20% in a week. Nothing unusual for Bitcoin, but if this causes panic selling, all the better. Got to wring the bear towel tight as possible so the bear purge happens real and proper.

Timely mid-week recuperation, look forward to the ensuing weekend.

[mk4]

My opinion: whatever lol. Bitcoin has been going up and down and up and down for years now that it's totally pointless trying to pin-point what caused such price movements. The fact is, it went down. Done. Whether I find the reason or not doesn't change the result whatsoever.

[Jating]

Lol, Bitcoin failed to break $58k and then goes down $3k? Should we all be concern?

Checking at the price right now, it's about to move to $55k again, so we have bounce back already.

So my opinion on the $3k drop is that traders are just making money in the market by squeezing some profit, simply as that. I don't think that the Binance news has something to do with it.

@buwaytress - yeah, it seems though that there is also a shift, usually weekends there's not much activity, but since the huge spike starting October, I noticed that the volume during weekends is above normal.

[cheezcarls]

No big deal. This is how crypto works. We see gains and drops as it’s subject to high volatility and unpredictability. I don’t mind about the drop though whether if it’s short or long term, because Bitcoin is here to stay and it will eventually rise in a surprise.

[NeuroticFish]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

You seem to be here since 2017. You should know since then that a few % in price fluctuation means absolutely nothing.
Bringing China into the equation makes it look like a desperate attempt for FUD.

Keep in mind that less than one week ago there was a pretty big rise in bitcoin price. Almost 2 weeks days ago there was another one. It's not unusual that some traders may have decided it's time to sell/take profit.

[_Miracle]

what was your opinion about this 3k$ dropped of btc price?.

I was thinking that some traders might be having a good time, tried to calculate the amount of times China has banned bitcoin, marveled at what a difference a year makes and  wondered how long would it take for someone to say bitcoin is crashing ;-)

[Yaunfitda]

Maybe we already reach the peak of this bull run at $58k, so some sell-off had happened.

The China FUD is over though, I'm not seeing the effect on it as we have been immune to it. So I would say it is a normal drop, the price can't go on parabolic rise, it hit a snag $58k. Then let's wait and see another attempt to it this week or early next week.

[Husires]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

Speaking using BTC/USD index using dollar price change is not accurate but the levels of change.
Bitcoin needed more than 6 years to reach first 1K, but now are changing with more than 1k in less than 6 hours.

Lots of expectations indicate that the price will be at $ 50,000 to $ 63,000 during this month, so all these changes seem to be normal and should be surprised.

Big effective changes will be:

• return to 30K USD.
• Break ATH 64k USD.

[rahmatrf331]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

The decrease in bitcoin from $58k to $55k is still considered natural and has no effect. The $3k drop is only a few percent and it happens every week. Bitcoin, including a volatile market, often fluctuates in market prices, so this is nothing to worry about.

[DOH!]

The China FUD is over though, I'm not seeing the effect on it as we have been immune to it. So I would say it is a normal drop, the price can't go on parabolic rise, it hit a snag $58k. Then let's wait and see another attempt to it this week or early next week.

Totally agree.  We're having a drop in price and we're closer to a bear market, but I think its effect is completely natural, it's not as severe.  In fact, we need to be more patient at this $50k and we clearly know where bitcoin is headed.  I'm bullish on the whole of Q4 and now that's not a bad thing.  MA200 is low but it will have big wick.  Just waiting

[Coin_trader]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

The decrease in bitcoin from $58k to $55k is still considered natural and has no effect. The $3k drop is only a few percent and it happens every week. Bitcoin, including a volatile market, often fluctuates in market prices, so this is nothing to worry about.

I agree with some minor comment, A 3K$ change is indeed small price change but it happens when it hits 58K which is the wall that can't be break multiple times, This means that price failed to break that certain wall and we might experience retest, The problem is when bulls lose confidence and power, The current price is near ATH which means that traders are very sensitive on any sudden price movement. A single FUD or price reject might cause a panic sell off. Its better to keep watching and be prepared. Being over confident is always leads to a loss in trading.

[buwaytress]

@buwaytress - yeah, it seems though that there is also a shift, usually weekends there's not much activity, but since the huge spike starting October, I noticed that the volume during weekends is above normal.

Yep! The volume is what's getting me amped up. That, and the 200MA rejuvenation. I know the latter's hardly as important as the former but I'm sure I'm not the only one psychologically psyched by that long term line, and having a lot of juice in volumes to back it up is going to really bolster momentum when (not if) the trigger arrives for a new ATH.

[Viscore]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

The decrease in bitcoin from $58k to $55k is still considered natural and has no effect. The $3k drop is only a few percent and it happens every week. Bitcoin, including a volatile market, often fluctuates in market prices, so this is nothing to worry about.

I agree with some minor comment, A 3K$ change is indeed small price change but it happens when it hits 58K which is the wall that can't be break multiple times, This means that price failed to break that certain wall and we might experience retest, The problem is when bulls lose confidence and power, The current price is near ATH which means that traders are very sensitive on any sudden price movement. A single FUD or price reject might cause a panic sell off. Its better to keep watching and be prepared. Being over confident is always leads to a loss in trading.

This must be nothing big, just a part of price correction. But if it's really caused by some restrictions from China, i guess we don't have the control to make it stop. Bitcoin is highly volatile so its not really new to us if the current price drops 3%-5% a day because there are times too that bitcoin suddenly starts surging by 5%-7% in a single day. If you want to invest in long term in bitcoin, then you should not be affected with the sudden price drop in the market as market crash will always expected to happen.

[ice18]

Drop in $3k is just a normal days in bitcoin price so no need to panic sell, and China again has nothing to do with bitcoin price because Binance blocked them, they can use use dex exchanges even in leverage trading, wait for weekend and we can break the $60k again, agree?

[Weng simok]

Whale is only down 3.35% and is not a problem in the cryptocurrency market. many other markets are also going down with bitcoin, this is only influenced by negative rumors which are not so problematic. bitcoin will recover in a few hours or just a few days.

[Silberman]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

That is a loss of a little bit more than 5% in a single day and while such movements will be incredibly high in the stock market at the same time that is nothing in the market of cryptocurrencies, and just to show this is true bitcoin is at 56k again and it may try another attack at that level during the next days, so just wait and let bitcoin works its magic, because sooner or later that level is going to fall as the demand for bitcoin increases worldwide as the economic prospects of most economies of the world go down and people look for ways to keep their wealth.

[marine4u]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users.

That's not true, as far as I remember correctly at the time bitcoin recovered at $58k, all related to China were almost removed from Huobi, Kucoin, Binance all took strict legal action against citizens  China.  I'm not sure the reason behind when we tried to break $58k was a bear market but it's no longer serious and under heavy sentiment.  Current rise and fall is natural, it doesn't need to smooth to new ATH.  Get ready to come back because I doubt its direction is above 60k$

[Hippocrypto]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

That's doesn't matter right now, we need to focus on the recent market changes because fluctuations really affects increase. Just like what happened recently, price now reached $57k above and are about to touch another potential best spikes. This is going to be more exciting and intense, if there's a subsequent drops I believed there's quick recovery that follows.

[djgtr]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

That's doesn't matter right now, we need to focus on the recent market changes because fluctuations really affects increase. Just like what happened recently, price now reached $57k above and are about to touch another potential best spikes. This is going to be more exciting and intense, if there's a subsequent drops I believed there's quick recovery that follows.

I agree on that 3k$ drop of Bitcoin price has no big effect on the market because we are now at the bullish movement and soon it will surely recover. There are a lot of negative news and it affects the price to fall down but I think it will not last long and there will always a recovery time just like what we experience before so I think we need to keep calm for good.

[adaseb]

The only reason the drop was only 5% is because there is almost no leverage in the markets. The move was mostly spot driven. If we had the same amount of leverage that day as we had in April it would of been a 20% drop instead of 5%. Only a few people got liquidated on that drop.

As Bitcoin goes higher and higher and is on everyone’s radar again, we will get more OI and more leverage and higher funding and future rates. And then whenever we get a pullback it will be a nasty one. You can see this anytime Bitcoin was breaking ATH after ATH, the late longers were the ones that got liquidated.

[TravelMug]

And now that bitcoin reaches $58k, maybe we need to find out the reason that it went up to $3k? Lol, I"m just being sarcastic here. In any case, the next target we have is $60k, and it's another magic numbers so I will say that we will fomo on this price and will push it up to $63k.

And I guess bitcoin give us a clear message, we don't need to panic if there is a drop in prices like the OP is saying. Maybe just a sell-off with no cause whatsoever. And when the dust settles, the price will go back again just like today.

[peter0425]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

after several hours this is how Bitcoin manage to increase and break that 58,000 again

https://coinmarketcap.com/currencies/bitcoin/

this shows how we must not take seriously the drop of price if we are dealing with bitcoin , also this is the strongest and safest coin so Just let it drop and keep your hold.

in the end of everything? it is increasing what will come to bitcoin and this has been proven for many years now specially when the Halving season comes effect .

[carlisle1]

And now that bitcoin reaches $58k, maybe we need to find out the reason that it went up to $3k? Lol, I"m just being sarcastic here. In any case, the next target we have is $60k, and it's another magic numbers so I will say that we will fomo on this price and will push it up to $63k.

And I guess bitcoin give us a clear message, we don't need to panic if there is a drop in prices like the OP is saying. Maybe just a sell-off with no cause whatsoever. And when the dust settles, the price will go back again just like today.

We don't need to panic indeed! Bitcoin is taking care of his business we are witnessing the strong market,

If happened that you do have good amount of money into this asset, better to stay put and let it move the way it putting things now.

Keep calm and be patience, the up and down is normal those who are selling are okay with the benefits

while those who are still holding still wanting for more, keep on the side where you really acknowledge the market run.

[STT]

Its back to 58k now, fast recovery.   It will matter if the fall is confirmed but so far the opposite happened.    We can see any price short term but real prices that matter are patterns that build and develop.   Generally a price has to register daily and weekly bars to matter and start having an impact that will drastically alter prices.


I did hear one trader advise caution in this area as we may see some indecision.   These prices are just moving averages with the weekly average seeing price mark the recent lows, MA just can show some momentum not really support.   I still think we can trade downwards but its not indicating as much so far.  Perhaps losing 2 day and weekly average would then mean we go back to 50k.   Price cant continually rise so it does tend to go in cycles.

[traderethereum]

Even if bitcoin fails to increased and dropped to the lower price, I am still sure that bitcoin price will rise and start to grow, even if that is only for a small amount and increase slowly.
In the end, we will see bitcoin price will be more than $60k and will hit the next ATH in the future.
So we need to have the patience to wait for the time for bitcoin price to rise and even if there is another news from China that saying bad to bitcoin, that does not affect the price in the future.
The price now is trying to back to $58k and we still have many times to see it will happen soon and will be back to $60k.

[cafucafucafu]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

And now we're retesting the $60k barrier.

I don't think that negative news out of China has any bearing on price anymore.

But I agree that price movements have been very volatile as of late - perhaps this is a signal that the bull run is near its end as people are a bit more cautious in their bullish sentiments.

[NeuroticFish]

And now we're retesting the $60k barrier.

Actually we are still just under 58k. We went to 58500 and then back to lower values.
And I think that one reason is psychological and related to European traders: the current "barrier" is 50k EUR 
Let's give it a bit more time. We'll pass this too.

[batang_bitcoin]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before,

I saw it on binance spot a while ago that it has hit $58k. It's not a failure as it just stepped there. We need to be patient waiting for the time of it to be stable again at another price like $58k.

what was your opinion about this 3k$ dropped of btc price?.

Don't have to highlight that as there's more than that amount that bitcoin dropped within a day. If there's a significant drop then you expect the recovery of it is way better than the price drop.

[sirminesalot]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

Nope i think it's just a normal movement and not caused by any news, the price is high and it made a correction.
If we look at the chart with monthly interval, the char is looking good and signing a positive way to going up again in the future. So i think we don't need to panic and sell our bitcoin for right now because the market is still good.

[MiF]

Bitcoin now is 57k$ and I think that price is high enough so it is more safe to say that the Bitcoin is now start to bullish again after the 3000$ drop last week. The important here is patience and the way we act on a situation like dropping. Because panic sellers always loss.

[ultrloa]

Bitcoin now is 57k$ and I think that price is high enough so it is more safe to say that the Bitcoin is now start to bullish again after the 3000$ drop last week. The important here is patience and the way we act on a situation like dropping. Because panic sellers always loss.

What other people think is when they think about bullish condition it will never go drop and they expect to gain more from it that's why they get dismay when sudden dump happen, instead of they earn it turns out that they are in break even that's why sometimes we need to keep our heads and secure the profits when it already showing to us since there's nothing wrong with doing that since we can buy back again once there's a correction happen.

Panic selling will always happen when the price start dumping and those people who easily get panic in short movement always lose their money.

[Jating]

And now we're retesting the $60k barrier.

Actually we are still just under 58k. We went to 58500 and then back to lower values.
And I think that one reason is psychological and related to European traders: the current "barrier" is 50k EUR 
Let's give it a bit more time. We'll pass this too.

Yes, we have seen this kind of movement before, getting past the biggest resistance, but then followed by some sell-off. I think this was the case with $48k last September as well and if my memory serves me right, it took us like 3 or 4 times before we finally broke $48k and then reaches $52k.

So let's wait for it and let the market mature in the next couple of days. Just the regulars liquidating at $58k and then buying around $56k and wait for it to reach $63k or new all time high.

[kotajikikox]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

It is not a failure instead that is what we called starting up lol look at the price now, staying at 57-58k and the momentum is still there meaning at any moment the value will increase high ./
waiting for at least 60k before this Month end and another 10k before November ends means by December at least 90-100k is possible to reach.

[justdimin]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

But, today we have broken the $58k barrier but still not able to hold above that but tonight we can see bitcoin markets penetrating $60k levels which must be the another significant resistance in between a new ATH. There were lots of negative news from China but most of them are having alternates hence we could see bitcoin markets to be ignoring all those and might continue its journey toward $100k levels.

I read in my local news channel that at least 5 more governments may legalize bitcoin before end of next year which means a lots of bitcoiners to join the board. I guess just one or two governments decision would be more than enough to get bitcoin into $100k levels and let's see what are surprises are hidden in coming days.

[michellee]

The price is up and down from $57k-$58k and that has happened many times but I am sure that the price will grow slowly and hopefully, that will be no need to wait for a long time. Maybe we will see something in the next week and if that really happens, we will be happy to see the price finally can back to $60k. We do not need to rush because we can accumulate more bitcoin at a price now, so our profit will be bigger when the price starts at the next rally.

[sujonali1819]

Lol. So what the big changed happen when BTC drop about 3k$ in a day? what the percentage actually it dropped? This was not normal? Just see the previous history of bitcoin then you may understand that drooping 3k$ / 5-6% In a day after continuously pumping from 30k$. Btw I don't know the exact reason but I can say it the reason could be any rumor or a correction before making new ATH.

[Schnecke]

Get used to it. In five years we will see 10k drops and people will say "nice, it only dropped 1% today"

[DeathAngel]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

$3,000 drop is nothing, literally nothing in terms relative to the current price. After what we saw in May this year, a $3,000 daily drop is barely worth mentioning. Sit tight & strap in, the next few months are going to be very exciting.

[el kaka22]

What other people think is when they think about bullish condition it will never go drop and they expect to gain more from it that's why they get dismay when sudden dump happen, instead of they earn it turns out that they are in break even that's why sometimes we need to keep our heads and secure the profits when it already showing to us since there's nothing wrong with doing that since we can buy back again once there's a correction happen.

Panic selling will always happen when the price start dumping and those people who easily get panic in short movement always lose their money.

Unfortunately panic sell is the reason why those people are losing money. I do not like it because those people are upset about it and then they come here and say that bitcoin is a scam and they promote some other shill that convinced them. The reality is that we are in a situation where making money is easy compared to all other methods in the world.

Crypto is something that you need to diversify, put more when the price goes up, and wait patiently. That is the only way you could make money and it is an easy way to make money as well. I mean where else can you make money like that? And I mean we are making money in a huge amount as well, not like we are making 10% year neither, we are making a huge amount like 2x a year, and when you can hold it like that for a long time then we are talking about something that is wealth maker in many years.

[STT]

3k is about important as sneezing and pressing the wrong key, it can be considered a mistake or random unless it settles into that price.   The overall pattern in 24hr can matter but blips up or down are fairly normal and part of why trading is hard to do without enough conviction to prevent being stopped out.   Price never moves in straight lines, I never believe it will stay simple.



Here I'm just speculating we are capped still by previous price action on weekly bars.  Otherwise despite the sideways movement we resolved upwards for the moment, I generally expect BTC to explore the whole space so I think 50k can happen.
  Never doubt that we have a whole army of traders willing to look at a range of prices and just put on a bet with leverage that we go through that entire range.    As a trade sometimes its easier to just say we have more space free and clear below us then above and so the path of least resistance is downwards not up, not exactly about being negative.

[Johnyz]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

That's normal especially if we failed to break the resistance, now the price of Bitcoin is on $57k level again trying to challenge the resistance again and if we failed again you'll see another drop, a big drop maybe since this is an indicator that we can't go beyond resistance yet and its time to go back to the support level. I don't see any reason to panic at the moment, its just a normal trading scenario, though there's still a chance for bear trend so keep watching.

[Fatunad]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

$3k drop is just an ordinary day here on crypto and its non a surprising thing and if ever bitcoin had dipped down its price then theres always a recovery after that moment and we've been seeing that its almost $58k
as of this moment which simply means that it wasnt really the exact reason on why it had really decreased down because it could maybe just a simple sell out on that resistance and not really connecting
any sentiments or news around the market.Bans and prohibitions or crackdowns wont really mean nothing.

[Rajamuda]

The answer is not sure to be a big influence on the Bitcoin price rate, I'm sure there are several other things that affect it. Well even though it looks like it's been affected by negative issues or something else, but basically Bitcoin is still recovering from the pattern that used to be around $40k+, which is now at the $50k+ level.
The chance to go higher or something like recovery is still there, just keep hold and wait while keep gaining another income.

[lienfaye]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

Be used to it because its not unusual, the price can drop further than that in just snap.

Thus if you cant bear seeing such scenario then think if you still want to continue investing in bitcoin.

Because investors who already used to how the market move doesnt bother if btc and other alts turn downward.

[Fundamentals Of]

It is not because of China. Are you not tired of all these China news? It is about time you stop following China news and rumors. China is dead already as far as Bitcoin is concerned. Bitcoin has already banned China.

What just happened was a regular correction which normally follows a rally. After the price consolidates the rally will resume. Expect corrections like these happening in between strong rallies. We are on a bullish ride this entire fourth quarter of 2021.

[Dave1]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

$3,000 drop is nothing, literally nothing in terms relative to the current price. After what we saw in May this year, a $3,000 daily drop is barely worth mentioning. Sit tight & strap in, the next few months are going to be very exciting.

Just this month alone, is already exciting, $60k is almost there, and then $70k and then $100k.

Again, as for the drop of $3k, yes that is nothing, so I don't know why we still reacted to that kind of movement. We've seen worst and all we can do is wait for the price to hit the bottom, then we buy, hold, easy peasy. So relax OP, everything look bright right now, wait for the biggest break out once we reach $60k again.

[traderethereum]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

$3,000 drop is nothing, literally nothing in terms relative to the current price. After what we saw in May this year, a $3,000 daily drop is barely worth mentioning. Sit tight & strap in, the next few months are going to be very exciting.

Just this month alone, is already exciting, $60k is almost there, and then $70k and then $100k.

Again, as for the drop of $3k, yes that is nothing, so I don't know why we still reacted to that kind of movement. We've seen worst and all we can do is wait for the price to hit the bottom, then we buy, hold, easy peasy. So relax OP, everything look bright right now, wait for the biggest break out once we reach $60k again.

I think we can be patient until the price can reach $60k, $70k and $100k because the bitcoin price will be there soon.
I do not think that the bad news from China will affect the crypto market for a long time because crypto will find a way to lift the price and back to the high price.
Meanwhile, we have been allowed to buy many coins at a low price from this correction so we must use that for our benefit.
We will not regret buying it right now, especially if the price increases in the next week.

[matchi2011]

The answer is not sure to be a big influence on the Bitcoin price rate, I'm sure there are several other things that affect it. Well even though it looks like it's been affected by negative issues or something else, but basically Bitcoin is still recovering from the pattern that used to be around $40k+, which is now at the $50k+ level.
The chance to go higher or something like recovery is still there, just keep hold and wait while keep gaining another income.

Almost reaching $60K now and if this will continue, we might break the last time high and create a new ATH.
Those bad news are over and it seems that the market is now showing better upwards run, we don't know
if how high this bull will pump and what more surprises Bitcoin will bring us.

As holders, it's a very nice scene in the market. We are seeing good growth with our invested money.

[OrangeII]

bitcoin prices have often fallen thousands of dollars in a single day due to FUDs from China or elsewhere, and I think we've been past that many times. I think bitcoin will recover soon as you can see at this moment, even almost reached its new ATH again.
many parties want to drop bitcoin, it's just that bitcoin adoption continues to grow and causes a rapid price increase. however, the use of bitcoin will expand and the recovery will continue. that's what I learned after seeing some parties spread FUD and make the price of bitcoin go down. however, as of this year, it looks like bitcoin is strong enough to hold out. well, we are currently at $59k, and soon it will hit a new ATH.

[cryptomaniac_xxx]

I see the price hitting the peak today at $60k.

So the biggest mental barrier of $58k now has been breached already. So this thread now is somewhat moot, the failed attempt at $58k, then dropped $3k a day. But it seems this is over, it is invalidated already and maybe we are heading now for a new all time high.

[bitzizzix]

bitcoin prices have often fallen thousands of dollars in a single day due to FUDs from China or elsewhere, and I think we've been past that many times. I think bitcoin will recover soon as you can see at this moment, even almost reached its new ATH again.
many parties want to drop bitcoin, it's just that bitcoin adoption continues to grow and causes a rapid price increase. however, the use of bitcoin will expand and the recovery will continue. that's what I learned after seeing some parties spread FUD and make the price of bitcoin go down. however, as of this year, it looks like bitcoin is strong enough to hold out. well, we are currently at $59k, and soon it will hit a new ATH.

It looks like Chinese FUD and whatever it is is no longer valid for investors and all bitcoin users because FUD from China has often happened so investors have thought smart and didn't care about it, except for new investors there might be a little worry or panic.

but I don't mind that and most importantly now and in the future I hope the price of bitcoin continues to rise and develop like some recent news about bitcoin adoption, and it looks like the good news about bitcoin will continue because over time everyone realizes bitcoin is good for them.

I think New ATH will happen this month as the current bitcoin price is close to yesterday's ATH, and if true I'm very optimistic the bitcoin price by the end of the year will hit 100k as most people say.

[Doell]

I think New ATH will happen this month as the current bitcoin price is close to yesterday's ATH, and if true I'm very optimistic the bitcoin price by the end of the year will hit 100k as most people say.

100K is not a low value and easy to hit ,currently the price of bitcoin is 59K and the end of this year is about 74 day ahead from now ,bitcoin need around 41K to reach 100K level will it be possible for bitcoin to hit that? every day +2K maybe can but there is no guarantee that people will not throw/sell when they are already profitable ,70K - 80K might hit later this year but last I hope my statement is wrong and they are right bitcoin will hit 100K more

[Woodie]

Now that bitcoin is about to breach 60,000 again with a couple of $100s to go could this mean momentum would have been built to push it up further and maybe see a $3k to $5k climb in a day as seen when it was bearish and this happening over the weekend makes it more bullish for me.  But this being some kind of psychological area we have to wait and see how price will react around this price range.

[SquallLeonhart]

Almost reaching $60K now and if this will continue, we might break the last time high and create a new ATH.
Those bad news are over and it seems that the market is now showing better upwards run, we don't know
if how high this bull will pump and what more surprises Bitcoin will bring us.

As holders, it's a very nice scene in the market. We are seeing good growth with our invested money.

Those bad news were manipulation and nothing else. There are too many people who believed that we were living in a situation where we didn't know what to do and the reality is that we are doing so great that we didn't know what to do next and manipulators took advantage of that situation and created bad news so that the price would fall and they could accumulate from the lower prices and make a profit a lot easier.

I believe that we should not be doing something that is risky based on bad news or any news because we are opening ourselves to getting manipulated. Whales and nations and many other big powers could manipulate you easily if you end up buying or selling based on the big news they are sharing.

[Kasabus]

Now that bitcoin is about to breach 60,000 again with a couple of $100s to go could this mean momentum would have been built to push it up further and maybe see a $3k to $5k climb in a day as seen when it was bearish and this happening over the weekend makes it more bullish for me.  But this being some kind of psychological area we have to wait and see how price will react around this price range.

Bitcoin as of this moment has already reached $60,207 so its more likely that the previous drop by $3k in just a day was a motivation for bitcoin to regain its momentum to push even more so that the strong resistance level will be surpass. And yes, its really happening now seeing the market becomes more bullish. I'm afraid the next step will be a price correction after that may drag down the price a little and after this, its now set to reach its new ATH possibly by this month.

[eaLiTy]

So the biggest mental barrier of $58k now has been breached already. So this thread now is somewhat moot, the failed attempt at $58k, then dropped $3k a day. But it seems this is over, it is invalidated already and maybe we are heading now for a new all time high.

By the way the market is rallying now, $58k was not even a barrier because it did not take much time for the price to breach those resistance. It is a common theme that you will see multiple users starting a thread with every rally and whenever there is a correction and that will keep on going.

The price already touched $61,314 and i am expecting that we will see a correction now and i am curiously waiting to see what the next move would be as anything is possible in the few few days.

[philipma1957]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

Your thread title looks like shit. Change it.

[kendedese]

what you said has now come true because bitcoin is recovering very quickly and currently the bitcoin price is only about $3k adrift of ATH. $3k is certainly not a big price for bitcoin, especially now that the bitcoin price is on a positive trend. so most likely in the next few days we will see a new ATH which is higher than before.

[Ngemmeng]

but that doesn't apply for now because the current bitcoin price is able to break through $58k (to be $62k to be exact) and of course a $3k price drop is not a serious problem because to reach higher levels bitcoin needs to make corrections. after breaking the $50k resistance line the price of bitcoin shot up very quickly, and it looks like it's pretty easy to break $64k and $100k before the end of the year looks like it's about to hit.

[Silberman]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

It is not a failure instead that is what we called starting up lol look at the price now, staying at 57-58k and the momentum is still there meaning at any moment the value will increase high ./
waiting for at least 60k before this Month end and another 10k before November ends means by December at least 90-100k is possible to reach.

We are now at the 60k level so I will not be surprised if we surpassed the previous all time high anytime soon, it is not going to be easy but I think there is a real possibility that we reach that level before the end of the month as the hype is once again returning to the market and we know that when that happens big movements become more common, I just hope that what happened at the end of the year of 2017 does not happen again as I do not want to go through several years of bitcoin doing nothing.

[bitgolden]

These $60k+ prices basically say that we are way too close to ATH and believe me that it will take some time.
I believe that we are just start of the bull run because that ATH breaking is a very hard thing. Did you catch what was the longest time that took for us last time we tried to break ATH?

I mean from $10k to $64k the place we stopped was basically $20k price and it took us a long time to break that and eventually we managed to break that and from there to $64k it was a lot easier. Which means that whenever you want to break ATH it takes a long time because there are too many people end up worrying what is going to happen and that is the problem, if we are not sure if it will break ATH or not then we are not sure what is going to happen and that is why we are going to wait and see and not buy during the ATH price and it will become very hard to break that.

[TheEconomists]

Using just a day movement of Bitcoin to make judgement in my opinion is not a good idea, and am wandering why people are quick talk about the down trend of Bitcoin. Bitcoin price has gone above $62k after you open this thread and there is tendency Bitcoin will surpass $80k if not $100k before end of this year.

[Jating]

These $60k+ prices basically say that we are way too close to ATH and believe me that it will take some time.
I believe that we are just start of the bull run because that ATH breaking is a very hard thing. Did you catch what was the longest time that took for us last time we tried to break ATH?

You mean the $19k++ last all time high in 2017? it took us 3 years to break that and then we continue up to 2021's massive spike to $64k.

I mean from $10k to $64k the place we stopped was basically $20k price and it took us a long time to break that and eventually we managed to break that and from there to $64k it was a lot easier. Which means that whenever you want to break ATH it takes a long time because there are too many people end up worrying what is going to happen and that is the problem, if we are not sure if it will break ATH or not then we are not sure what is going to happen and that is why we are going to wait and see and not buy during the ATH price and it will become very hard to break that.

And yet we are now in the position to break $64k, just like $3k-$4k and we can absolutely breach that next week. So I guess it will be easier that we thought, there are a lot of good news around and no doubt that it will influence many investors, old and new to pour their money again because of the expectations that $100k can be hit in December.

[xmonkeyx]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

I think it's normal that Bitcoin also has a 3k increase in one day.
today Bitcoin has recovered, and we must not continue to see the decline that occurs. we have to look at the whole of both high and low prices.
with what happened today no one doubts Bitcoin will continue to increase in price.

[STT]

Its pulled back from strong pattern of rises, time to observe if it can hold this area as an area of higher support so that it may continue upwards



I think I have 57.5k as important to hold above should we not respect the straight line of support/resistance absolutely, thats roughly the weekly average.    I would not guess it goes down straight away, its possible the news of ETF is an ironic catalyst for selling and profit taking and this helps bring the price lower.

[Vaskiy]

Reaching $63k+ value and reached down. It looks like market need to breakout $61200 to reach the recent uptrend price of $63k. If it happens then there is more possible chances of breaking out the previous ath value. If not while rejection the market will drop down to $58k as said in the above quote. For some time it moves around the value and serves to be the bounce zone for the next big move.

[asrinur]

If I see the price of bitcoin is currently in an uptrend, although there is a slight decline. The occurrence of a decrease in the price of bitcoin, is a normal thing to happen. Therefore you do not need to panic when the price of bitcoin drops. As much as possible you strengthen your psychological condition after being damaged by worries and assumptions, then you will not easily panic and get carried away by emotions.

[bots1]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

The decrease in bitcoin from $58k to $55k is still considered natural and has no effect. The $3k drop is only a few percent and it happens every week. Bitcoin, including a volatile market, often fluctuates in market prices, so this is nothing to worry about.

That's right, a few percent decline in the price of bitcoin often occurs every week and we shouldn't panic or think that this is the end of the trend of rising bitcoin prices. Therefore, I think while the price of Bitcoin is going down, it can actually take advantage of this momentum. After buying, then storing, and selling when the price rises or re-penetrates its highest level as in a few months ago, where Bitcoin had broken through ATH. We can also use the moments of the last few days to improve our portfolio.

[suzanne5223]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

The decrease in bitcoin from $58k to $55k is still considered natural and has no effect. The $3k drop is only a few percent and it happens every week. Bitcoin, including a volatile market, often fluctuates in market prices, so this is nothing to worry about.

That's right, a few percent decline in the price of bitcoin often occurs every week and we shouldn't panic or think that this is the end of the trend of rising bitcoin prices. Therefore, I think while the price of Bitcoin is going down, it can actually take advantage of this momentum. After buying, then storing, and selling when the price rises or re-penetrates its highest level as in a few months ago, where Bitcoin had broken through ATH. We can also use the moments of the last few days to improve our portfolio.

I won't feel somehow cause some people to have the thought that the previous decline in the price of the Bitcoin market could be the end of the current bullish market because every Bitcoin halving effect market always ends it bullish when it 12months and if we calculate it, this is month is the 12th months. However, whatever happens in this year's market will determine if Bitcoin will continue to replicate the same momentum when it is in the halving market.

[lepbagong]

If I see the price of bitcoin is currently in an uptrend, although there is a slight decline. The occurrence of a decrease in the price of bitcoin, is a normal thing to happen. Therefore you do not need to panic when the price of bitcoin drops. As much as possible you strengthen your psychological condition after being damaged by worries and assumptions, then you will not easily panic and get carried away by emotions.

I agree that it's perfectly normal for bitcoin to drop until to $3K, and nothing to worry about. I agree with you that there is no need to panic and worry. because it can change your estimates, it can even reduce the trust that can just disappear.

bitcoin will even be able to do more than that in a day. even on the 16th bitcoin can also increase by the same value. so there is no need for excessive worry because the bitcoin trend will indeed continue to increase.

bitcoin is indeed trying to increase at the moment, at least it is to be able to surpass the last ATH which is at $64,804, because the opportunity to surpass the last ATH makes bitcoin more confident. ATH is always a benchmark to be able to increase even more, just like when it has to pass $50K.

believe that bitcoin will do its best at the time many people have predicted and we just need patience to wait for it.

[tengui]

Apart from Binance, there are many other exchanges that have been affected by China's new policy. the policy of course also affected the price of bitcoin and caused a significant price decline, but recently the price of bitcoin was able to recover quickly and currently the price of bitcoin is able to approach ATH. I am quite happy to see the movement of bitcoin this year because there are many moments where the price of bitcoin is able to recover quickly.

[bots1]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

I think Bitcoin's current price drop is normal and only a small correction compared to the big price correction in last September. The current price decline will make Bitcoin take the first step to increase to reach a new ATH considering that Bitcoin has fallen very significantly in the last month. Therefore we don't need to panic with the decrease in the price of bitcoin which is more than $3k in a day.

[matchi2011]

Apart from Binance, there are many other exchanges that have been affected by China's new policy. the policy of course also affected the price of bitcoin and caused a significant price decline, but recently the price of bitcoin was able to recover quickly and currently the price of bitcoin is able to approach ATH. I am quite happy to see the movement of bitcoin this year because there are many moments where the price of bitcoin is able to recover quickly.

The recovery only takes a month from that September red now we are moving closely breaking and have a new time high, Bitcoin continue managing the upward rise and attract new investors, with the acceptance coming from more end users the momentum might continue to be stronger, we never know how high Bitcoin might reach but the chance is really possible breaking the last time ATH,.

[ultrloa]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

I think Bitcoin's current price drop is normal and only a small correction compared to the big price correction in last September. The current price decline will make Bitcoin take the first step to increase to reach a new ATH considering that Bitcoin has fallen very significantly in the last month. Therefore we don't need to panic with the decrease in the price of bitcoin which is more than $3k in a day.

We see that correction always happening and even if we are in bullish condition we can still see that then maybe we should expect that to happen since there's no always pumping up movements on bitcoin even before. And we really don't need to panic on the corrections since for sure many traders will take that opportunity to buy on another round and either earn or hold it for quite long time again.

[Silberman]

Apart from Binance, there are many other exchanges that have been affected by China's new policy. the policy of course also affected the price of bitcoin and caused a significant price decline, but recently the price of bitcoin was able to recover quickly and currently the price of bitcoin is able to approach ATH. I am quite happy to see the movement of bitcoin this year because there are many moments where the price of bitcoin is able to recover quickly.

This is something that I noticed as well, when the price of bitcoin dropped to the 30k level many people immediately got very negative about the sort term prospects of bitcoin and sold their coins and now just a few months later the price already recovered and there is not a reason to think we are bound to see way higher prices than what we are seeing right now, so with that in mind I do not think we should get scared when there is such a small correction as bitcoin can recover that in days or even hours under the right circumstances.

[justdimin]

I agree that it's perfectly normal for bitcoin to drop until to $3K, and nothing to worry about. I agree with you that there is no need to panic and worry. because it can change your estimates, it can even reduce the trust that can just disappear.

bitcoin will even be able to do more than that in a day. even on the 16th bitcoin can also increase by the same value. so there is no need for excessive worry because the bitcoin trend will indeed continue to increase.

bitcoin is indeed trying to increase at the moment, at least it is to be able to surpass the last ATH which is at $64,804, because the opportunity to surpass the last ATH makes bitcoin more confident. ATH is always a benchmark to be able to increase even more, just like when it has to pass $50K.

believe that bitcoin will do its best at the time many people have predicted and we just need patience to wait for it.

I am not sure if 3k would be normal in any other case, but it is normal that it happened at these prices. People need to realize that 3k drop when the price is 10k means 30% drop, when we are at 60k and there is a 3k drop that is only 2%, the difference between 30% and 2% is obvious.

So, we should not be really focusing on a price drop at the price level but on % level. That way the percentage would show you what is going on. The price dropping anything under 5% is a normal day, anything that increases under 5% is a normal day as well. The reality is that we should be basically just happy that we are non-volatile with a drop like that. We have seen how the return happened, we are in a situation where the price of bitcoin increased over 61k and nearly breaking the ATH as well. Breaking that ATH will be a very difficult one, but  it could happen for sure.

[rincoeng1986]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

I think Bitcoin's current price drop is normal and only a small correction compared to the big price correction in last September. The current price decline will make Bitcoin take the first step to increase to reach a new ATH considering that Bitcoin has fallen very significantly in the last month. Therefore we don't need to panic with the decrease in the price of bitcoin which is more than $3k in a day.

We see that correction always happening and even if we are in bullish condition we can still see that then maybe we should expect that to happen since there's no always pumping up movements on bitcoin even before. And we really don't need to panic on the corrections since for sure many traders will take that opportunity to buy on another round and either earn or hold it for quite long time again.

The decline in the price of bitcoin from $58k to $55k or called a price correction of $3k in a day cannot be said to be a failure because crypto is often volatile. what about now that bitcoin has broken through $64k is it still a failure? bitcoin is already in the strong spotlight of various media and has been of great interest to new investors.

[philipma1957]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

Your thread title looks like shit. Change it.

Title looks worse than ever

[_Miracle]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

Your thread title looks like shit. Change it.

Title looks worse than ever

It should be kept just like this :-)) as a lesson.

Someone should make a resurrection thread listing one like this from the past.

[doomloop]

We also had a 3k increase, from 61k to 63k+ which was around 3k, we reached 66k as well so we could count that. It is obvious that daily changes at 3k range is not something we should be shocked anymore, it is a normal situation in the crypto world.

Obviously there will still be a lot less days, movements that are within one thousand, but right now we reached to a level where 3k per day changes every single day for a while (up and down) would not be really that weird. Like if I see it 60k tomorrow, then 58k a day later, then 62k afterwards with 66k+ trying to break ATH and fail again go down to 60k, all these sound very reasonable and understandable, I do not think it is very shocking.

[Silberman]

I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.

I think Bitcoin's current price drop is normal and only a small correction compared to the big price correction in last September. The current price decline will make Bitcoin take the first step to increase to reach a new ATH considering that Bitcoin has fallen very significantly in the last month. Therefore we don't need to panic with the decrease in the price of bitcoin which is more than $3k in a day.

We see that correction always happening and even if we are in bullish condition we can still see that then maybe we should expect that to happen since there's no always pumping up movements on bitcoin even before. And we really don't need to panic on the corrections since for sure many traders will take that opportunity to buy on another round and either earn or hold it for quite long time again.

The decline in the price of bitcoin from $58k to $55k or called a price correction of $3k in a day cannot be said to be a failure because crypto is often volatile. what about now that bitcoin has broken through $64k is it still a failure? bitcoin is already in the strong spotlight of various media and has been of great interest to new investors.

People like to cherry pick, they want the good volatility when the price of bitcoin is going up, but they do not want the bad volatility when the price of bitcoin is going down, it is simply unrealistic for those people to wish for an asset like that, as it is impossible for anything to always move up in price, and yet that is exactly what some people want and this is one of the main reasons why there are so few people that are successful traders or investors.

[Yaunfitda]

We also had a 3k increase, from 61k to 63k+ which was around 3k, we reached 66k as well so we could count that. It is obvious that daily changes at 3k range is not something we should be shocked anymore, it is a normal situation in the crypto world.

Obviously there will still be a lot less days, movements that are within one thousand, but right now we reached to a level where 3k per day changes every single day for a while (up and down) would not be really that weird. Like if I see it 60k tomorrow, then 58k a day later, then 62k afterwards with 66k+ trying to break ATH and fail again go down to 60k, all these sound very reasonable and understandable, I do not think it is very shocking.

You have predicted it as we are going down hard from an ATH to $60k right now.

But just like you it's reasonable and understandable, as the market really goes down hard after breaching new ATH. So it's really a good time to buy right now, although I'm expecting the price to maybe decrease still because of the bitcoin future expirations in the next coming days. That has been the trend in the last week of every month, so just don't panic and take it in stride.