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?

[1715573874]

1715573874

[1715573874]

1715573874

[1715573874]

1715573874

[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.

[TheEconomists]

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?

Am sure you can now see that Bitcoin price has drop significantly over this few days from the $63k that you mentioned to around $57k as at time of this post and there is tendency that it may go lower than this before the next upward direction for the year. This is the time to buy more pending when it will appreciate before end of this year. Follow this advice and that me later.

[GreatArkansas]

For me, a danger for Bitcoin once Bitcoin will close the daily candle below $50,000.
Especially the monthly candle closing is fast approaching, with few days left. And last month of the quarter or the year, these days is a very important date and time for Bitcoin. It's like the deciding part, even Bitcoin won't reach $100,000 this year, my only wish is don't close below $50,000 when this year ends.

[ItsCrafty]

I don't even think that it will be easy for the bitcoin to break $70K. But in trading there will be no limit for the traders, as it is volatile in nature and expectations in trading sometimes leads you to loss even, but the prediction may leads you to profit after analyzing all the coins in which you want to take entry at some point.

[yhiaali3]

I follow more than one analyst and most of the opinions say that we may visit the 52,000$ area and some of them say that there is a strong support area at 54,000$ so there is no need to panic, but in general all opinions agree that this correction is temporary due to some negative news and pressure from whales and soon Bitcoin will return to the 60K$ region and then we will go to the 70-80K$ region and some are more optimistic and say that we will visit the 100K$ soon, of course these are all predictions based on different analyzes, but no one knows what will be the exact behavior of Bitcoin in the coming period because it may be surprising behavior for everyone .

[worle1bm]

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.

But we are seeing something opposite to holding as newbies are panic selling the coins which are causing further dumps in prices as we have gone below $60k and now the prices are at $56k which seems to be the lowest from few days but yes this is not the first time and it will recover but only few will hold onto it and those who hold it will get profits.

[TheUltraElite]

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.

Currently the price has gone back down to 56k USD. The thread was made before this so, somewhat my prediction that a dump will happen soon turned out correct but I was not expecting this much dump to happen, maybe up to 60k was expected.

This is the time to buy if you know how to seize the opportunity. But right now you should wait for the dust to settle. If bitcoin drops below 55k USD then the buying range is 50k USD. You would defenitely see even lower but start buying from this range in small amounts if it keeps dropping lower. So that when the bullish trend starts again, the corresponding sell orders could be placed at separate strata.

This is a part of the bull/bear cycle, nothing to be afraid of, happens every few months and the point is to remain pragmatic about movements and capitalize on the fear in the market.

[TinaK]

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.

Currently the price has gone back down to 56k USD. The thread was made before this so, somewhat my prediction that a dump will happen soon turned out correct but I was not expecting this much dump to happen, maybe up to 60k was expected.

I don't even believe that this sudden dump will last longer, it seems to me refueling the tank to become skyrocketing again.
Many holders were expecting this dump right after a massive pump and that is a short correction that is often happening in a world of crypto especially in bitcoin price. But the problem here is that the dump will be prolonged because of the panic sellers, they will take action that pumped too much in the market.

If you know how the market will work it usually recovers very soon and I think this is the start to make another ATH again.

[lixer]

This is a part of the bull/bear cycle, nothing to be afraid of, happens every few months and the point is to remain pragmatic about movements and capitalize on the fear in the market.

It seems people are always looking for reasons for every pump and dump which makes me to assume that they are not at all ready to understand the basics of bitcoin and the nature of a volatile market. In my opinion bitcoin market does not need any special news for pumping and when people book profits then it will have some corrections. So, rise and fall are just part of bitcoin market always.

I don't even believe that this sudden dump will last longer, it seems to me refueling the tank to become skyrocketing again.

Yeah, when bitcoin market is failing to break a strong resistance level on the first attempt, then it will come down to gather volume and then it will start a new rally. This time bitcoin market failed to break resistance levels around $68k to $70k levels hence it was expected to go back up to $53k levels.

[michellee]

I follow more than one analyst and most of the opinions say that we may visit the 52,000$ area and some of them say that there is a strong support area at 54,000$ so there is no need to panic, but in general all opinions agree that this correction is temporary due to some negative news and pressure from whales and soon Bitcoin will return to the 60K$ region and then we will go to the 70-80K$ region and some are more optimistic and say that we will visit the 100K$ soon, of course these are all predictions based on different analyzes, but no one knows what will be the exact behavior of Bitcoin in the coming period because it may be surprising behavior for everyone .

If the price really visits $52k this month, that will be the time for those who have money to buy more amount as they will not easily see that price coming in the future. In this correction, I tend to wait for a while to see the pattern of bitcoin because when I checked on the pattern, it seems the price will be stable or will go down for more. But unfortunately, that is just a prediction that we do not know if that might happen or the price will bounce high after this.

I still waiting for the next increases and I think other people will have the same as me. The price will go to $70k-$80k soon and it will reach $100k so it is better to prepare ourselves than to listen to the bad news because if we are ready with anything, we can adapt to the current situations.

[yohananaomi]

I don't even think that it will be easy for the bitcoin to break $70K. -#-

there will always be an opportunity that will be done by bitcoin to be able to penetrate $ 70K, because the ability that bitcoin has is very well tested. just one step after reaching ATH $69,044.77 - Nov 10, 2021 finally bitcoin experienced a pretty deep correction. briefly reached a price of $55K but is now gradually increasing even though it feels quite heavy due to a fairly high decline, but there is optimism that bitcoin will be able to get through all of this and will recover towards the end of the year.

[Beparanf]

I don't even think that it will be easy for the bitcoin to break $70K. -#-

there will always be an opportunity that will be done by bitcoin to be able to penetrate $ 70K, because the ability that bitcoin has is very well tested. just one step after reaching ATH $69,044.77 - Nov 10, 2021 finally bitcoin experienced a pretty deep correction. briefly reached a price of $55K but is now gradually increasing even though it feels quite heavy due to a fairly high decline, but there is optimism that bitcoin will be able to get through all of this and will recover towards the end of the year.

Whenever the price pump we must expect that there will be a correction, it makes the market healthy to allow others enter or to sell. Even in dump others see silver linings to add more holdings while others a re selling in their profit. I don’t notice nowadays the dump in BTC especially if I have a timeframe of when I will buy or sell it. Maybe in other other coins we should really fear that it may not pump again but not in BTC.

[Alisha FR]

Dump and Pump has become very common in the crypto market. when talking about technical analysis, this is one strategy for traders to open trades, but when opening trades you have to really analyze the market well, whether the dump will end or will it continue to happen. well here really need knowledge about the market for traders.

[goinmerry]

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?

My Technical Analysis tells me that expect more correction from now on. As far as past performance goes, before going to another ATH, there should be another bear trend that will ruin the momentum. Since it's countless times already that we see Bitcoin price doing such movements, we should understand already that it really happened in the middle of strong momentum.

Let's wait for what will happen in the next following days.

[TheUltraElite]

The price of bitcoin is inching up gradually from 58k to 59k today. If this continues it would mean there has been a buying pressure after the dump, whatever be the reason behind the dump - panic dumping(?)

I am expecting another dump to happen at 60k, again since it is a round figure, people tend to buy/sell at such targets. So it is better to hold all your horses from trading during this time. Unless the price falls below 55k, people should do watchful waiting. You could place limit orders too at 50k if you have money spare at hand, considering this to be close to month end.

These bear and bull cycles can only be predicted if you are in the market for long. No need to panic because when something goes up it is bound to come down.

[milewilda]

Dump and Pump has become very common in the crypto market. when talking about technical analysis, this is one strategy for traders to open trades, but when opening trades you have to really analyze the market well, whether the dump will end or will it continue to happen. well here really need knowledge about the market for traders.

Is this something surprising? If this market wasnt volatile at the first place then we wont really becoming this big but well if you do decided to step in into this market then you should really be that
ready on what would be the things that normally happen which do involves dump and pumps/recovery which is really very common and with that movement then you could really make profits
if you do know on what you are doing or simply does know on what to do out of this price volatility which simply means that you do need to deal with these movements
and this wont really be simple as it sounds.

[Bagaji]

For me, a danger for Bitcoin once Bitcoin will close the daily candle below $50,000.
Especially the monthly candle closing is fast approaching, with few days left. And last month of the quarter or the year, these days is a very important date and time for Bitcoin. It's like the deciding part, even Bitcoin won't reach $100,000 this year, my only wish is don't close below $50,000 when this year ends.

Yes Bitcoin may not reach $100k before the end of this year I have taken this position in some of my post in the past though not that something bad for Bitcoin but based on the current trend and also not seeing any influence that will push button to $100k before December ending. Another bitter truth is that Bitcoin price may go down below $50 before end December this year because very soon many people will start selling as they might need cash for Christmas celebration.

[justdimin]

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?

And what makes you think that people knows where the market will be heading to next? It’s a two sided thing here, the market can either go down or it will continue to go up. There have been analysis that shows that the market might go down below $55,000, and also others have predicted that it will reverse and start going up again. So, you just can’t tell what it is going to be exactly. So, it’s all about you making good plans and knowing what is going to favor you in either conditions or situation.

So far as I’m seeing it the confidence in the market is strong and people are still believing that it would get back above the $60,000 price, but if the market should drop below $55,000 as some analysts have said, is really going to affect that confidence in the market.

[fullhdpixel]

And what makes you think that people knows where the market will be heading to next? It’s a two sided thing here, the market can either go down or it will continue to go up. There have been analysis that shows that the market might go down below $55,000, and also others have predicted that it will reverse and start going up again. So, you just can’t tell what it is going to be exactly. So, it’s all about you making good plans and knowing what is going to favor you in either conditions or situation.

So far as I’m seeing it the confidence in the market is strong and people are still believing that it would get back above the $60,000 price, but if the market should drop below $55,000 as some analysts have said, is really going to affect that confidence in the market.

People DEFINITELY do not know where the market is going, it is impossible for them to know. I know that people "think" they know what the market is doing but the reality is that they have no idea where the market is going at all. I hope that people will realize that they are making assumptions and not predicting the future because I have seen too many "twitter influencers" in the world that claim they know what they are doing.

99% of those people end up being wrong in the end and making people lose money just because they trusted him, during bear markets they are losing money and staying low, during bull markets they come out and talk about ton of coins because eventually one of them will skyrocket since it's the bull market. It is disgusting.

[Wexnident]

People DEFINITELY do not know where the market is going, it is impossible for them to know. I know that people "think" they know what the market is doing but the reality is that they have no idea where the market is going at all. I hope that people will realize that they are making assumptions and not predicting the future because I have seen too many "twitter influencers" in the world that claim they know what they are doing.

99% of those people end up being wrong in the end and making people lose money just because they trusted him, during bear markets they are losing money and staying low, during bull markets they come out and talk about ton of coins because eventually one of them will skyrocket since it's the bull market. It is disgusting.

But they do have a basis for what they "think". This doesn't mean that it should be talked bad though, some technical analysis does in the end make sense, and in the first place, people who ask for advice from analysts should not use it as their ENTIRE basis for judging the market. It should be considered, but that's about it. There's also analysis in taking into account as to why the market acted that way, and possibilities of what it would go imo.

Though I do agree, Twitter (or any other sort of influencer without any active background on the analysis) shouldn't be trusted.

[tulusikhlas]

Is Bitcoin falling year after year? I don't see it so wasteful. It just keeps going up and won't touch the starting price. The correction is reasonable and does not take up much of the resistance limit that has been marked on the pattern. Long-term traders will always find Bitcoin always profitable for them.

[24Kt]

-

Is Bitcoin falling year after year? I don't see it so wasteful. It just keeps going up and won't touch the starting price. The correction is reasonable and does not take up much of the resistance limit that has been marked on the pattern. Long-term traders will always find Bitcoin always profitable for them.

But for those who are scalping or those who are in short-term trading here, they are finding it hard to get profits these days. Or should I say, some are losing because they need to cash out for necessary expenses. I wonder what is the OP's feeling right now that we touched the 57k because from the time that he wrote this thread, it was 63k. So down to 57k is hurting a lot of these short term traders. If you have the patience and can afford to wait, better hold on as the adoption today is very different from previous years.

[perfect999]

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?

The truth is that nobody really knows where the market is heading for next. Yes, you have seen it reach over $60,000, and then it went back to around $50,000, and after sometimes it still came back to the $60,000 range and accomplished a new all time high price, and now we also can’t tell what is going to be the next move.

The market has gone down to around $56,000 now, and we don’t know whether it’s going to be at this rate for long or reverse and go back up and reach another all time high price which would be around $70,000. So, we just don’t know what we are really getting into, whether it’s going to be a bullish trend or a bearish market. But a long term holding would make sense at this point, if you can do that.

[Cadaver20]

Bitcoin is now priced at $57600. A few days ago there was more dumping. But like other altcoins, the price of bitcoin fluctuates less. In the current market conditions, I think the price will increase a little more to $60k.  There may not be any big movement this year. Now let's see what happens next year.

[carlfebz2]

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?

The truth is that nobody really knows where the market is heading for next. Yes, you have seen it reach over $60,000, and then it went back to around $50,000, and after sometimes it still came back to the $60,000 range and accomplished a new all time high price, and now we also can’t tell what is going to be the next move.

The market has gone down to around $56,000 now, and we don’t know whether it’s going to be at this rate for long or reverse and go back up and reach another all time high price which would be around $70,000. So, we just don’t know what we are really getting into, whether it’s going to be a bullish trend or a bearish market. But a long term holding would make sense at this point, if you can do that.

Everybody should really be having this kind of mindset on where they shouldnt really look after on where it would be heading next because everything could really be random on their movements which its really hard to predict on what would be the direction on next possible move of bitcoin thats why dont anticipate or having high hopes because it will really just frustrate you on.

Pump and Dumps are casual thing on this market thats why you should really take advantage out of these movements and make profits with it.Even though it wont be that simple but it could really be done.

As you do gain experience you would able to realize things on what are the things you should done according to the situation.

[tulusikhlas]

-

Is Bitcoin falling year after year? I don't see it so wasteful. It just keeps going up and won't touch the starting price. The correction is reasonable and does not take up much of the resistance limit that has been marked on the pattern. Long-term traders will always find Bitcoin always profitable for them.

But for those who are scalping or those who are in short-term trading here, they are finding it hard to get profits these days. Or should I say, some are losing because they need to cash out for necessary expenses. I wonder what is the OP's feeling right now that we touched the 57k because from the time that he wrote this thread, it was 63k. So down to 57k is hurting a lot of these short term traders. If you have the patience and can afford to wait, better hold on as the adoption today is very different from previous years.

Talking about scalping trading, we certainly do it by making a fairly short time span. All of that will require quite a bit of precision, because scalping trades, we compete with price movements that are fast enough so that they will not take long-term trades at the highest prices.

[RealMalatesta]

Talking about scalping trading, we certainly do it by making a fairly short time span. All of that will require quite a bit of precision, because scalping trades, we compete with price movements that are fast enough so that they will not take long-term trades at the highest prices.

If you are scalping then you should be either doing it very quickly so you either earn a very little amount and lose a very little amount and hope that overall you would be doing fine, or you are doing it wrong. Crypto has always gone up in the long run so you should not be hoping for scalping at all times, if you are focused on that alone and do not do anything else at all then you are going to be losing a lot of money without realizing what you could have made.

This is just what I believe is true in crypto world and I do not mean like this is the only method, maybe there are other methods like scalping which some people could make a ton of profit but I believe if you are scalping and you wait too long then you are going to end up losing a ton of money so why would you do that when you could do long term investment and make a profit for sure.

[Finestream]

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?

The truth is that nobody really knows where the market is heading for next. Yes, you have seen it reach over $60,000, and then it went back to around $50,000, and after sometimes it still came back to the $60,000 range and accomplished a new all time high price, and now we also can’t tell what is going to be the next move.

The market has gone down to around $56,000 now, and we don’t know whether it’s going to be at this rate for long or reverse and go back up and reach another all time high price which would be around $70,000. So, we just don’t know what we are really getting into, whether it’s going to be a bullish trend or a bearish market. But a long term holding would make sense at this point, if you can do that.

Everybody should really be having this kind of mindset on where they shouldnt really look after on where it would be heading next because everything could really be random on their movements which its really hard to predict on what would be the direction on next possible move of bitcoin thats why dont anticipate or having high hopes because it will really just frustrate you on.

Pump and Dumps are casual thing on this market thats why you should really take advantage out of these movements and make profits with it.Even though it wont be that simple but it could really be done.

As you do gain experience you would able to realize things on what are the things you should done according to the situation.

At the end of the day, the one who knows how to take advantage of every market's situation will make profits. But if you are in doubt of what to do during this dump, then better continue hodling your coins as its the only way you'll never be in losses.

However, seeing the price continues to dump, I guess if we can have a good amount of money, buying at this moment is good so we can add more bitcoin into our portfolio and once bitcoin reaches another ATH again, that will be the time we will gain huge profits too.

[doomloop]

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.

The latest technical analysis from one of the most popular analysts in the market shows that the Bitcoin market might still continue to decrease, as it would be facing more price correction. The analysis goes further to say that Ethereum and some other top altcoins in the market stand a bigger chance of increasing In the near future.

But all these things are still speculations, none of us can really tell what it is going to be, so if you still believe that you will be able to keep holding, then you should continue holding your assets and not sell it, but if you feel that you have made profits already and you don’t want to lose anything again, then you can go ahead and sell your coins.

[Hamphser]

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.

The latest technical analysis from one of the most popular analysts in the market shows that the Bitcoin market might still continue to decrease, as it would be facing more price correction. The analysis goes further to say that Ethereum and some other top altcoins in the market stand a bigger chance of increasing In the near future.

But all these things are still speculations, none of us can really tell what it is going to be, so if you still believe that you will be able to keep holding, then you should continue holding your assets and not sell it, but if you feel that you have made profits already and you don’t want to lose anything again, then you can go ahead and sell your coins.

It would be only have 2 possible ways whether there would be some recovery or would really be having that further dump which is a casual thing to have thats why when it comes to analysis then it wouldnt really be precise as always yet the market could move on its own varying or depending on the market or with buyers and sellers alone.

Whenever we do have some dump then expect or anticipate that there would be some recovery or price increase because a market couldnt really
just having that downward movement always.

The question is, WHEN?

[Vaculin]

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.

The latest technical analysis from one of the most popular analysts in the market shows that the Bitcoin market might still continue to decrease, as it would be facing more price correction. The analysis goes further to say that Ethereum and some other top altcoins in the market stand a bigger chance of increasing In the near future.

But all these things are still speculations, none of us can really tell what it is going to be, so if you still believe that you will be able to keep holding, then you should continue holding your assets and not sell it, but if you feel that you have made profits already and you don’t want to lose anything again, then you can go ahead and sell your coins.

It would be only have 2 possible ways whether there would be some recovery or would really be having that further dump which is a casual thing to have thats why when it comes to analysis then it wouldnt really be precise as always yet the market could move on its own varying or depending on the market or with buyers and sellers alone.

Whenever we do have some dump then expect or anticipate that there would be some recovery or price increase because a market couldnt really
just having that downward movement always.

The question is, WHEN?

That's the most uncertain thing that until now we have no idea when will it happen. As the market continues to experience market price correction, it has been causing more doubts to the people if the market will still recover or not. But one thing for sure, bitcoin and those top altcoins will always recover from all types of dumps. For now, holding them is still the best thing to do so we will still end up profitable if the market turns to bullish again.

[eastactivist]

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?

I think that we're hovering right now in the 60k

[AakZaki]

Bitcoin is now priced at $57600. A few days ago there was more dumping. But like other altcoins, the price of bitcoin fluctuates less. In the current market conditions, I think the price will increase a little more to $60k.  There may not be any big movement this year. Now let's see what happens next year.

Bitcoin was able to hold on to its strongest support in the $55k price area and is currently stagnant at $57k. a price that does not fluctuate too much is an opportunity for altcoins to remain stable so that there are no subsequent crashes.
The dump happened because it was time to go down and some of the FUD that came with it.
Bitcoin still has the potential to hit a new ATH again. it's only a matter of time.

[ShowOff]

Bitcoin was able to hold on to its strongest support in the $55k price area and is currently stagnant at $57k.

Mate, I must tell you that at the moment the $55K support area has been broken by a rapid correction over the last 12 hours. Now the strong support may shift to the $50K area, I still think it will hold in that area.

Bitcoin still has the potential to hit a new ATH again. it's only a matter of time.

We certainly know that a correction is normal for bitcoin's price, but it's a bit surprising when this quick dump occurs as December is imminent. If the new ATH doesn't occur during December, I just believe the price will go back down. This is a gray area for me to hold or sell for a while.

[ItsCrafty]

Yes, yesterday it shows that move and eventually drills down and most of the traders were unhappy, luckily I saved my all the profit which I had invested in some coins, and got out of the market at the right place, so this thing is common for bitcoin for getting into a high place and going down eventually at some distance, we have to be very familiar with it.

[jaberwock]

yesterday it shows that move and eventually drills down and most of the traders were unhappy, luckily I saved my all the profit which I had invested in some coins, and got out of the market at the right place, so this thing is common for bitcoin for getting into a high place and going down eventually at some distance, we have to be very familiar with it.

Yes, I am familiar with such type of ups and down which is the reason I am always able to keep my nerves down and also I just looking for buying more rather than looking for securing any of unrealized profit. But, what I am talking only about is applicable only for bitcoin investments and what you have done with altcoins might be a right decision in my opinion as well.

I guess here after we must need to wait for a new month to arrive so that bitcoin might get into a new ATH till then we may watch bitcoin prices to be recovering as there should be enough buyers around $54k levels to keep that support levels intact.

[shushu9977]

Now, the price of btc is 54.5k. I think, the dump will not happen again. It’s time to bull run again. So, if you want buy btc, then you can right time for buying. If you have any amount of btc, you will hold for future as a short time to get your profit. Keep patience and gain your profit.

[bekti3]

But for those who are scalping or those who are in short-term trading here, they are finding it hard to get profits these days. Or should I say, some are losing because they need to cash out for necessary expenses. I wonder what is the OP's feeling right now that we touched the 57k because from the time that he wrote this thread, it was 63k. So down to 57k is hurting a lot of these short term traders. If you have the patience and can afford to wait, better hold on as the adoption today is very different from previous years.

when things like this happen I think they have to start accepting the attitude that bitcoin is not very suitable for the short term but takes longer.
Because indeed with a small trading capital continue to trade in bitcoin with scalping, I think it's just a waste of time.
I prefer to be in altcoins to trade scalping because this is more promising

[pgbit]

In the previous some days it has been reached to 54k$ again so it is the market which changes with time to time, but we can predict through different news which he had taken from different experts whether in  twitter. Bitcoin has a strong support at 57k$ and I hope it will cross 70k$ in the coming days which will definitely be better as well.

[erep]

We certainly know that a correction is normal for bitcoin's price, but it's a bit surprising when this quick dump occurs as December is imminent. If the new ATH doesn't occur during December, I just believe the price will go back down. This is a gray area for me to hold or sell for a while.

If next december is going to fall on a strong correction then every december will be a red storm of market prices, but other than that rumors that bitcoin has the potential to hit $100k ATH would support that the correction level should not fall more than $45k.

[jaberwock]

If next december is going to fall on a strong correction then every december will be a red storm of market prices, but other than that rumors that bitcoin has the potential to hit $100k ATH would support that the correction level should not fall more than $45k.

I was thinking that if Bitcoin was really going to reach $100,000 before this year is over, then by now it shouldn’t be down to the current price which is below $50,000. But I’m still positive about it increasing and reaching a new ATH, just that I am not so sure about that $100,000. But it would be really cool if it is to get as high as that.

The general public is bullish about Bitcoin, anybody you ask this would always tell you that the market is still going to be bullish and there would be further increase in the market, especially in this month of December that we are about to enter. Same thing with me, I am also bullish about the market, though I have seen some few analysis and news that are negative, but I am not giving up hope on that the market will be bullish the next month.

[Hamphser]

If next december is going to fall on a strong correction then every december will be a red storm of market prices, but other than that rumors that bitcoin has the potential to hit $100k ATH would support that the correction level should not fall more than $45k.

I was thinking that if Bitcoin was really going to reach $100,000 before this year is over, then by now it shouldn’t be down to the current price which is below $50,000. But I’m still positive about it increasing and reaching a new ATH, just that I am not so sure about that $100,000. But it would be really cool if it is to get as high as that.

The general public is bullish about Bitcoin, anybody you ask this would always tell you that the market is still going to be bullish and there would be further increase in the market, especially in this month of December that we are about to enter. Same thing with me, I am also bullish about the market, though I have seen some few analysis and news that are negative, but I am not giving up hope on that the market will be bullish the next month.

There is only one month more to go and yet, the market is still not recovering, bitcoin is still in its current price at $54,498. Although some have decided to quit and sell their bitcoin or altcoins, but i think this current price correction will be a big help soon because it can create a strong support level for bitcoin reach a higher ATH once it recovers. With this, i remained solid and still hoping that we will end this year with a bullish market, not with a bear trap.

Why in a hurry actually?

We've been always like this every year on where we do really anticipate that there would really be some bull run whenever we do really hit that last month on each year.
Well, i cant really blame off people on seeing that way yet historical movements do really happen on these times of the year.

For now lets no really make our hopes up because we dont actually on what would happen next.Lets just be grateful that price as of this moment
did really make out some good hold on 50k up levels.

[Patigi]

I don't think that Bitcoin actually dump but I just believe theirs not stable prince for Bitcoin and that is how the price to be operating going up and down with little price changes. With my experiences with Bitcoin any December Bitcoin doesn't pump anyhow so by January it can take  back is journey by increasing in price. I believe Bitcoin price will hit $100k by next year. With chart study Bitcoin will surely pump very soon.

[Slow death]

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.

I think you've probably noticed that just as the price goes up a lot it must also go down a lot, and that's normal. just think:

if a lot of people were buying at $40,000 then when it got to $69,000 these people start selling and few people are buying in the fall, what happens? the price drops.

What does your technical analyst say about it?

be patient that the price will increase even if years pass it will increase

[Kelvinid]

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 has been almost a month that we have never seen huge changes in the price. Bitcoin is still below $60k but it was still a good price for me.

We are currently at $56k now but I expect corrections any time as the Christmas holiday's come. But, I don't think that we even drop more below $50k next month but I'd rather think about recovery.

Well, we can't just set aside any possibility of huge corrections. We know the market is unpredictable, we can be positive but never think that it all goes that way or that it goes in the opposite. Well, much better not to expect more.

[SmokerFace]

Honestly, we can't predict the exact next step for BTC or any other currency. As we all know it depends upon the market strategy, market trends, and the trend of people on buying/selling the bitcoin.
Well as of my own opinion December can prove to be a good breakdown for bitcoin due to the current trend and interest of people in BTC. Let's hope for the better and fasten your seatbelts.

[Fakhrulenclix]

I don't think that Bitcoin actually dump but I just believe theirs not stable prince for Bitcoin and that is how the price to be operating going up and down with little price changes. With my experiences with Bitcoin any December Bitcoin doesn't pump anyhow so by January it can take  back is journey by increasing in price. I believe Bitcoin price will hit $100k by next year. With chart study Bitcoin will surely pump very soon.

Talking about trust based on chart studies, it is also not certain that bitcoin will break through $100k, it will take a very long time for bitcoin to happen as you say. But speaking of bitcoin when there will be a pump and dump, this often happens when there is a big open buy. So that the process of increasing the graph is more visible. And vice versa with the decline.

[Kasabus]

Honestly, we can't predict the exact next step for BTC or any other currency. As we all know it depends upon the market strategy, market trends, and the trend of people on buying/selling the bitcoin.
Well as of my own opinion December can prove to be a good breakdown for bitcoin due to the current trend and interest of people in BTC. Let's hope for the better and fasten your seatbelts.

Bitcoin has been more unpredictable these days and that is why most of the traders are still in doubt whether to trade bitcoin or not as the market itself is still in a correction phase. But it seems that bitcoin is slowly recovering for now so its a wise decision that we keep holding our bitcoin because there will be chances again that we will end up this year with a new ATH if bitcoin will continue to recover from its dump price. Well, its not really surprising as december is already coming and all we know about it is bitcoin reaching new ATH that will make the whole crypto market very bullish. That's how bitcoin went out in the previous years, so i'm hoping that we will still follow the same trend.

[TimeTeller]

Honestly, we can't predict the exact next step for BTC or any other currency. As we all know it depends upon the market strategy, market trends, and the trend of people on buying/selling the bitcoin.
Well as of my own opinion December can prove to be a good breakdown for bitcoin due to the current trend and interest of people in BTC. Let's hope for the better and fasten your seatbelts.

Bitcoin has been more unpredictable these days and that is why most of the traders are still in doubt whether to trade bitcoin or not as the market itself is still in a correction phase. But it seems that bitcoin is slowly recovering for now so its a wise decision that we keep holding our bitcoin because there will be chances again that we will end up this year with a new ATH if bitcoin will continue to recover from its dump price. Well, its not really surprising as december is already coming and all we know about it is bitcoin reaching new ATH that will make the whole crypto market very bullish. That's how bitcoin went out in the previous years, so i'm hoping that we will still follow the same trend.

The volatility factor of btc is the feature that a lot of traders wanted from it.
Because if you know how to strategize, you can really get profits even from scalping.
As no one can precisely predict what will happen next, you are just trusting your instincts on this market.
Keep your eyes open with news, either bad or good news, so you have idea what may happen to the btc performance.
And we can't even guarantee that it will indeed follow the previous trend, you just hope that it will.
In any case, you need to be ready and think about your plans on how to take advantage of the opportunity once it comes.

[TheUltraElite]

Talking about trust based on chart studies, it is also not certain that bitcoin will break through $100k, it will take a very long time for bitcoin to happen as you say. But speaking of bitcoin when there will be a pump and dump, this often happens when there is a big open buy. So that the process of increasing the graph is more visible. And vice versa with the decline.

Well the last dump back to 54k has been recovered and we are back to 57k USD once again. I think this is a correction for the dump and people had orders to complete because they are hoping to cross the 60k mark once more. I would not be so longshot as 100k USD but crossing 60k should be the minimum to indicate the bullish trend.

As we can see the price did not drop below 54k which can be because a support level has accumulated at that price and a resistance level is at 58k, which is being tested already. Bears selling at 58k are making a profit.

All these only confirm the fact that cycle is endless, it goes up and comes back down only to go back up again.

[matchi2011]

Bitcoin has been more unpredictable these days and that is why most of the traders are still in doubt whether to trade bitcoin or not as the market itself is still in a correction phase. But it seems that bitcoin is slowly recovering for now so its a wise decision that we keep holding our bitcoin because there will be chances again that we will end up this year with a new ATH if bitcoin will continue to recover from its dump price. Well, its not really surprising as december is already coming and all we know about it is bitcoin reaching new ATH that will make the whole crypto market very bullish. That's how bitcoin went out in the previous years, so i'm hoping that we will still follow the same trend.

Holding if you are planning for long-term investment is a very wise decision, the market will experienced
up and down and by surprise, it will pump high or fall harder. In any investment, learning the deeper.
side of the business will help you to attain success.

Keep your knowledge intact and enhance more to make sure that you are deciding in an appropriate way.

[judaspriest]

Bitcoin has been more unpredictable these days and that is why most of the traders are still in doubt whether to trade bitcoin or not as the market itself is still in a correction phase. But it seems that bitcoin is slowly recovering for now so its a wise decision that we keep holding our bitcoin because there will be chances again that we will end up this year with a new ATH if bitcoin will continue to recover from its dump price. Well, its not really surprising as december is already coming and all we know about it is bitcoin reaching new ATH that will make the whole crypto market very bullish. That's how bitcoin went out in the previous years, so i'm hoping that we will still follow the same trend.

Holding if you are planning for long-term investment is a very wise decision, the market will experienced
up and down and by surprise, it will pump high or fall harder. In any investment, learning the deeper.
side of the business will help you to attain success.

Keep your knowledge intact and enhance more to make sure that you are deciding in an appropriate way.

I think if owning Bitcoin is the best decision in my opinion, stick with it for long term investment,
when Bitcoin price drops we don't need to panic and use that time to buy,
it should be like that when we start investing we must not stop learning and must continue to learn is important

[Zanab247]

This is a sign of massive profit earning to potential traders in the community. Many traders are still making profits with the correct price of bitcoin in the market. The price is not too dump compare to last year November when the price was
struggling between &40k to $45k that was causing many traders serious worry how to make a good profit to celebrate Christmas and new year very well last year 2020.
The price of bitcoin look as if is dumping in the market but to the eyes of the professional traders the price of bitcoin is preparing to hit $70k before the end of this year 2021. There will be enough profit to achieve with this four weeks that remain before the end of the year.

[LUCKMCFLY]

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 has been almost a month that we have never seen huge changes in the price. Bitcoin is still below $60k but it was still a good price for me.

We are currently at $56k now but I expect corrections any time as the Christmas holiday's come. But, I don't think that we even drop more below $50k next month but I'd rather think about recovery.

Well, we can't just set aside any possibility of huge corrections. We know the market is unpredictable, we can be positive but never think that it all goes that way or that it goes in the opposite. Well, much better not to expect more.

I think the same as you, in fact a small correction may occur, I find it difficult to touch $ 50k, I have seen in several exchanges that the sell orders are mostly for $ 52k, and this is somewhat representative, in tensorcharts.com I like to see the book of purchases and sales, because everything is in real time, there I have seen where the orders are set waiting for the price at those levels, from there it is difficult to determine because according to the strength of the market it will be defined your address, but I am one of those who thinks that this December BTC can reach $ 100k, what I see that is bothering a bit globally is the new variant of Covid-19 that causes panic in people.

[Fatunad]

This is a sign of massive profit earning to potential traders in the community. Many traders are still making profits with the correct price of bitcoin in the market. The price is not too dump compare to last year November when the price was
struggling between &40k to $45k that was causing many traders serious worry how to make a good profit to celebrate Christmas and new year very well last year 2020.
The price of bitcoin look as if is dumping in the market but to the eyes of the professional traders the price of bitcoin is preparing to hit $70k before the end of this year 2021. There will be enough profit to achieve with this four weeks that remain before the end of the year.

People are freaking out when the time that they are seeing that the market is making out some correction or pullbacks on where it do really leaves the impression that it might really shooting way low just the same on what happened into the past which its not really that surprising that they would really be having this kind of mindset.
The market could really make out those kinds of movements which isnt really that surprising because this wont be called a market on the first place if it doesnt
involved ups and downs which you should really utilize these movements for your benefit.

[andriarto]

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?

I think it's natural to happen in a market where the movement is unpredictable, and we can only predict it. when it reaches the new ath it will experience a saturation phase, and finally a price correction occurs. During the correction phase, many traders actually used it to buy and eventually the price rose again, until it consolidated, which can be said between the seller and the buyer is balanced, so that later a trend will form again after breaking through support or resistance.

[TheUltraElite]

During the correction phase, many traders actually used it to buy and eventually the price rose again, until it consolidated, which can be said between the seller and the buyer is balanced, so that later a trend will form again after breaking through support or resistance.

Well there was a crash on the last Saturday morning and the that was in three hours time crash to 45k and therefore I would assume someone bailed hard. This was not a correction because that would be gradual and more organic than this sudden dump.

After this the buying trend had come back in again and currently the price is back at 50k, we should be expecting some more dumps to happen so keep buy orders open at lower prices of 45k and 40k like I said in my previous posts.

If the level of 55k breaks and goes up, we can assume the bull trend is back in once again and that this dump had nothing really to do with any sort of "correction".

[worldofcoins]

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?

Well in my opinion it was a little dark patch for bitcoin that it had recently faced some decline. But remember these ups and downs are part of trading. Yet it hasn't affected the popularity of bitcoin. Remember that the markets are always uncertain and no one can exactly predict what will go to happen in the next moment. Yet the expert opinion has persuasive value. So no need to panic about this decline. As for my analysis, I can simply say that by the end of December it may reach the level of 85K but it's just my own analysis and isn't binding on anyone.

[breathlessz]

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?

Well in my opinion it was a little dark patch for bitcoin that it had recently faced some decline. But remember these ups and downs are part of trading. Yet it hasn't affected the popularity of bitcoin. Remember that the markets are always uncertain and no one can exactly predict what will go to happen in the next moment. Yet the expert opinion has persuasive value. So no need to panic about this decline. As for my analysis, I can simply say that by the end of December it may reach the level of 85K but it's just my own analysis and isn't binding on anyone.

every time it goes up and forms a new ath, the market usually declines first, probably because it's tired of rising and finally experiencing a correction before finally flying high again, so I don't think we need to worry about this, because it is something normal in market movements