What is Bitcoin up since after Dump?

[Greatest2020]

Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.

What does your technical analyst say about it?

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[Oilacris]

Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.

What does your technical analyst say about it?

We've been hovering on levels 60-65k and there might be some chances for some breaking that 70k price resistance which could happen on this year or into the next.No one knows and we do need up some catalyst for it to be possible but we know that this market could move out
without any attached sentiments that do happen and everything is happening behind the curtains.

Dumps? Typical corrections do happen and its up to someone on whats their take on that whether they do make out some buying position
or would wait up or wouldnt do anything at all.

[hyudien]

So far, as long as the Bitcoin price is above $60K it is quite significant and most likely continues to show an increase of around $60K until the up limit at $68K is quite volatile and at the end of the year I don't know what this will be, what many clearly say the occurrence of the new ATH proves further increases will certainly not be unbearable.

[palle11]

Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.

This will not be regarded as dump IMO. Bitcoin is $64k and just dropped from ATH of $68k which is just $ 4k drop, so can we regard this as dump? No IMO if I will say. Then for the bitcoin analysis and chart, the general opinion is still on bullish and likewise my chart on a long time. The monthly chart is looking such , next week is still looking good on the weekly chart for bullish.

[Mpamaegbu]

Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.

What does your technical analyst say about it?

What that simply means is that there's a resistant point up once price begins to stall there or support point when it does same downward. It's either price goes up from here or slips down. From the signs on charts, we should expect Bitcoin to break that level and spike up. It may not happen immediately but the fundamentals are there and suggest that Bitcoin will zoom past it soon. If you already hodl Bitcoin, don't panic. It's momentary correction going on. It's not a dump.

[passwordnow]

Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.

What does your technical analyst say about it?

It just rose recently to $65k and about to cross $66k again. I'm not a technical analyst but we just go with what bitcoin is going and if you've been reading different sentiments and opinions about bitcoin by the end of this year, the majority has been telling that it could cross $100k.
It's still too early to see that but things can go faster once we have entered December and about to end this year dazzling.

[rhomelmabini]

Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.

What does your technical analyst say about it?

Ohh, I have no technical analyst to rely on I just have to HODL I guess and do the DCA method, whatever level it is. Just days but I got a feeling that we may see $70k this week or by next week, still relying that S2F model especially from that PlanB guy on twitter, seems he got a nice analysis.

[davis196]

1.This is not a price dump.This is pretty little correction after the ATH.Some people might not even call it a price correction.5-10% ups and downs are normal price volatility for Bitcoin.
2.Nobody can predict where the market will go.
It can go down,because the bull run was kinda exhausted and any FUD right now can cause massive panic selling and a price drop.
However,the price might go up,because there's still a lot of bullish optimism across the BTC market and any big FUD news are missing right now.December is one of the bullish months for Bitcoin.The only exception,which I remember was December 2018,when the Bitcoin price decreased.

[Mamun74]

I Think this is not price dump.Coz Before this week Bitcoin price was $64k+ and now this week bitcoin price $59.5+.If You  have already hold bitcoin then you don’t need panic coz bitcoin price will be rise again as soon as possible. Bitcoin price huge increase and more development this year.I think bitcoin price will be reached $70k+ next year.

[palle11]

Bitcoin price huge increase and more development this year.I think bitcoin price will be reached $70k+ next year.

Going with Op curious question about where the price can go, this market being stagnant is a significant time and that means the price can suddenly surge to any direction. If it goes up, it may go above the ATH and $70k  will be the next level but going on below will mean bear that will end the year. Although the longtime hours have strong indication for bullish or if there is fud causing panic but from technical analysis it still hanging a little up.

[Ararbermas]

Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.

What does your technical analyst say about it?

for sure the price will not stay on that value because the market isn't fine and base on its percentage seems there will be more correction ahead and once it makes break out below expect there will be another level of support after days or two .. Just imagine 3 consecutive ATH in just months? so its quite skeptical, i mean for sure there's a bunch of holders at this moment that getting ready to leave in order to prevent massive decline. So on this situation i think much better to set stop loss already to assure everything will be in a safe place rather than expecting too much .. Too good to be true.

[blockman]

I Think this is not price dump.ext year.

It's a price dump.

Coz Before this week Bitcoin price was $64k+ and now this week bitcoin price $59.5+.If You  have already hold bitcoin then you don’t need panic coz bitcoin price will be rise again as soon as possible. Bitcoin price huge increase and more development this year.I think bitcoin price will be reached $70k+ next year.

Yeah, the price will increase again and it's likely more than the ATH can happen. We're all looking forward to that price happening next year because it's possible. As the price dumps, it will pump too and will recover.

[Botnake]

I Think this is not price dump.ext year.

It's a price dump.

Coz Before this week Bitcoin price was $64k+ and now this week bitcoin price $59.5+.If You  have already hold bitcoin then you don’t need panic coz bitcoin price will be rise again as soon as possible. Bitcoin price huge increase and more development this year.I think bitcoin price will be reached $70k+ next year.

Yeah, the price will increase again and it's likely more than the ATH can happen. We're all looking forward to that price happening next year because it's possible. As the price dumps, it will pump too and will recover.

Bitcoin has dumped even more with its current price at $57,738 and if this value will continue to dump more in the next days, i think we are already entering a bearish season, not just an ordinary price correction. But still no need to worry because knowing how bitcoin positively react from price dumps, it will always recover soon and may even reach a new ATH after this. So never panic and keep holding your bitcoin because its the best way that you'll never end up losing.

However, if you doubt if bitcoin can still recover, then set a stop loss so you will only lose a minimal amount.

[Zilon]

The market is indecisive and trading a particular direction could be quite risky. For now it's time for traders to patiently wait for a new break out either bearish for a new dip or bullish for a new peek. No one controls the direction of the market it's the law of supply and demand that determines what goes around the market so for me it's a time where the non-emotional traders prove their stand

[taufik123]

the market is in a bearish state and this is happening. price drop to hit $56k and altcoins have followed suit.
This is the right time to start buying some assets including bitcoin.
You have to really pay attention to the strength of the support, if the support continues to be broken, then dumps will continue to occur.
This kind of corrective market is normal and should remain calm. Bitcoin dump to go up to new ATH again.

[Smartvirus]

This year has been a very good year for bitcoin investors and hodlers alike most especially, haven't made 2 different ATH within this year. For sure it experienced some bearish movement didn't take too long to return to a bullish direction and now, its still stationed in a bullish direction with price stationed around $63k. For me, I'm still viewing it for a consolidating market in order for the market to stay healthy and prepare for an unanticipated move and I think it's still going to continue towards bullish though, its likely not to last.

[blockman]

Yeah, the price will increase again and it's likely more than the ATH can happen. We're all looking forward to that price happening next year because it's possible. As the price dumps, it will pump too and will recover.

Bitcoin has dumped even more with its current price at $57,738 and if this value will continue to dump more in the next days, i think we are already entering a bearish season, not just an ordinary price correction. But still no need to worry because knowing how bitcoin positively react from price dumps, it will always recover soon and may even reach a new ATH after this. So never panic and keep holding your bitcoin because its the best way that you'll never end up losing.

However, if you doubt if bitcoin can still recover, then set a stop loss so you will only lose a minimal amount.

Not that yet. I don't think that it's already a sign of a bear market even if it goes lower within the next few days. It's still too early to say, how long did it has been dropping? not that long.
That's why I don't think that it's not yet the bear market even if the drop continues. Earlier this year, the price was even lower and we don't even think that it's already the bear market.

[Johnyz]

Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.

What does your technical analyst say about it?

Traders like you should already anticipate the correction after making its new all time high, this is the normal trend of Bitcoin and most probably this is the reason why its dump. If Bitcoin can surpass this level, another ATH can be made before the year end so let’s keep pushing Bitcoin up so it wont enter into another critical level where Bear market is waiting. TA is still telling me that the price will rise again later on.

[TimeTeller]

What does your technical analyst say about it?

The last time I check, its on a sideway trend where we hit the support level and hopefully not to break it at all. As expected corrections are going to happen the question is, how long the correction is?

Anyway, I see this as another opportunity to buy and I know some of you are panicking and doubting well that’s your choice but for me, its a big sale in the market can’t afford to waste it.

For those who are waiting for bitcoin to go down, yes, it is good time to slowly accumulate your satoshis.
But I am guessing, they will think that bitcoin will go down more, and so they need to wait.
So yes, it depends on how you look at the market here. When are you going to get your satoshis?
As we can see, btc is going down. But if you are a strong believer, we know that this is just another phase of correction, and soon, it will start going up again.

[$crypto$]

This year has been a very good year for bitcoin investors and hodlers alike most especially, haven't made 2 different ATH within this year. For sure it experienced some bearish movement didn't take too long to return to a bullish direction and now, its still stationed in a bullish direction with price stationed around $63k. For me, I'm still viewing it for a consolidating market in order for the market to stay healthy and prepare for an unanticipated move and I think it's still going to continue towards bullish though, its likely not to last.

I think with pleasure there must be concerns about a severe dump at this time so I'm sure they will secure the asset a bit for fear this dump could go down to $50k and how investors and traders who have bought in the high range of course they will see such a moving situation sharp.

And now the bears have arrived which have destroyed the market, we actually already anticipated because the history of bitcoin with 2x new ATH, now from here it won't be bullish for long, so I think the real bears have started to come.
Let's see how basic the bitcoin price is.