What is Bitcoin up since after Dump?

[24Kt]

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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.

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[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]

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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.