What is Bitcoin up since after Dump?

[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.

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[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.