what a surprise dip

[Lucius]

I got notified few minutes ago on the sudden drop of -11 % bitcoin price and I also noticed same thing also affected other altcoin, while in a post they said of price surging within 72hrs that is to say that from now till 20 August we might see a potential Green and may cross above 30k within the next 3 days.

Hopefully we will quickly return to $30k judging by your expert source, because if by any chance this does not happen, I wonder what it would mean - BTC is scam or BTC is dead (again)?

What is possibly to happen in the market, more dip that's seeing below 20k or something similar?
And is this another sign for bear market?

BTC has been in a bear market ever since the price went down from $30k, and that's more than 1 year, so I'm not clear what new bear market you're referring to? What happened at the beginning of the year was just recovery and nothing more. I would not be surprised if the price goes below $20k, because we are in a time when there really is no reason for any positive developments. Given that September is mostly in the red (historically speaking), we can say that all options are on the table, and that the negative ones have a greater chance of being realized.

[1715206164]

1715206164

[Aanuoluwatofunmi]

I got notified few minutes ago on the sudden drop of -11 % bitcoin price and I also noticed same thing also affected other altcoin, while in a post they said of price surging within 72hrs that is to say that from now till 20 August we might see a potential Green and may cross above 30k within the next 3 days.

Today is the third day since ever the dip and yet I don't think we are seeing anything green relating to the market currently, what i only observed was the way bitcoin moved down to $24,200 before rising back to $26,000 so what next should we expect again and the week is gone, maybe after the weekend, next week may bring in another luck to have that green indication but for now we are still in the dip.

[SmartGold01]

I got notified few minutes ago on the sudden drop of -11 % bitcoin price and I also noticed same thing also affected other altcoin, while in a post they said of price surging within 72hrs that is to say that from now till 20 August we might see a potential Green and may cross above 30k within the next 3 days.

Hopefully we will quickly return to $30k judging by your expert source, because if by any chance this does not happen, I wonder what it would mean - BTC is scam or BTC is dead (again)?

Well I don't think it could be seen as scam because this has been happening overtime and we shouldn't be that quickly to judge that BTC is scam and I am not in any day putting that believe in me to say that it would be scam or having likely to be so.

What is possibly to happen in the market, more dip that's seeing below 20k or something similar?
And is this another sign for bear market?

BTC has been in a bear market ever since the price went down from $30k, and that's more than 1 year, so I'm not clear what new bear market you're referring to? What happened at the beginning of the year was just recovery and nothing more. I would not be surprised if the price goes below $20k, because we are in a time when there really is no reason for any positive developments. Given that September is mostly in the red (historically speaking), we can say that all options are on the table, and that the negative ones have a greater chance of being realized.

Actually was judging from my buying point then, I think I bought at $24k some months ago and was thinking after moving from that price to another better place is were I considered it to be bull. Although looking very clearly and judging from the ATH of $69k we can still say that is at dip while those who bought at 30k can still say that the market is dip as well. But however, I am not in any way panicking about the dip as I believed that is a natural thing that doesn't fall to occur within such period of time, as an investor we should know is something inevitable and we must learned to adopt a long term investment strategies.

I got notified few minutes ago on the sudden drop of -11 % bitcoin price and I also noticed same thing also affected other altcoin, while in a post they said of price surging within 72hrs that is to say that from now till 20 August we might see a potential Green and may cross above 30k within the next 3 days.

Today is the third day since ever the dip and yet I don't think we are seeing anything green relating to the market currently, what i only observed was the way bitcoin moved down to $24,200 before rising back to $26,000 so what next should we expect again and the week is gone, maybe after the weekend, next week may bring in another luck to have that green indication but for now we are still in the dip.

I later got the news that relates to the sudden drop of bitcoin and think there is every possibility to recover soon maybe it was just people who used fear and sold their bitcoin.
You can read here: https://cointelegraph.com/news/why-is-the-crypto-market-down-today

[STT]

The alternative scenario to a rebound following the sell is that we fully explore the boundaries of the wider range of BTC price action in this last year time frame
https://ibb.co/pd5s4Y3


I prefer just the view of bar patterns but Im told to include the date for clarity so here with weekly bars is showing BTC back to when it was first challenged in this current area.  We are below the 200 week average right now so consider us 'submerged' in icy waters (with a negative wider environment) which has to be taken seriously as a bearish signal even if not immediately and absolutely true.
  19k as a target for downside must be considered as a repeat of prior action.   This could occur inside of a minute and resolve back upwards having failed as a trading move or we could slowly step down to that area with every day remaining in 2023, in a slow vice like movement.   I dont believe we are that bearish personally but for true accuracy we must consider all options then resolve which is most probable at every step.

[armanda90]

I got notified few minutes ago on the sudden drop of -11 % bitcoin price and I also noticed same thing also affected other altcoin, while in a post they said of price surging within 72hrs that is to say that from now till 20 August we might see a potential Green and may cross above 30k within the next 3 days.

Today is the third day since ever the dip and yet I don't think we are seeing anything green relating to the market currently, what i only observed was the way bitcoin moved down to $24,200 before rising back to $26,000 so what next should we expect again and the week is gone, maybe after the weekend, next week may bring in another luck to have that green indication but for now we are still in the dip.

Have been third day after bitcoin price crashing drastically from $30,000 and going dump to $25,500 based on lower price on Binance exchange, looks still not have good progress with Bitcoin still drop and current price stuck in $26,000 right now. I don't know how many days, weeks or month for bitcoin take time recovering to higher price again and give chance for altcoin break out again. Left two day with weekend and don't get any potential chance for bitcoin will wake up to higher price, maybe need more patience waiting after weekend has chance or not for Bitcoin back again to $30,000 and its most dip price in this month.

Hope for upcoming month, there are not any new dip price for bitcoin because bring bad impact for altcoin have been dropped drastically.

[eaLiTy]

~
what i only observed was the way bitcoin moved down to $24,200 before rising back to $26,000 so what next should we expect again and the week is gone, maybe after the weekend, next week may bring in another luck to have that green indication but for now we are still in the dip.

Majority of the investors are looking at this dip as an opportunity to purchase and hold for the long term and hence the price is recovering slightly and even if the market goes down further, there is nothing to worry for the long term investors as the price will bounce back. It is not a huge surprise seeing this correction because the market was stuck for a while around $30k and some were anticipating this correction . 

[Bananington]

~

There are many surprises in bitcoins. That it is why the market is usually termed unpredictable. These are the kind of situations that you a holder of bitcoin has to prepare the mind for because it usually happens at the time that people least expect it. I was not expecting it but it happened, I lost some of my investment to it but I am not too worried because I have long term plans for my bitcoins and I understand that these are part of the emotional test that meets every holder that they have to pass to call themselves real holders. Real holders are not moved by the surprises from the market.

[darkangel11]

Majority of the investors are looking at this dip as an opportunity to purchase and hold for the long term and hence the price is recovering slightly and even if the market goes down further, there is nothing to worry for the long term investors as the price will bounce back. It is not a huge surprise seeing this correction because the market was stuck for a while around $30k and some were anticipating this correction .  

Are you sure about that? If the majority was buying the dip, there would be a green candle right next to the red one. It would go down to whatever number and then the buyers would come in and turn the move around, buying everything back up until 19k.
We came down to 26k and didn't even bounce back to 27. How is that the majority of investors?

The dip is a surprise and then it isn't. We all knew that bitcoin is in a bull market once it stays above the 200 WMA and it usually doesn't happen this far before the halving. We also know that there's less and less coins on exchanges so the market is getting more illiquid each coming year, so it's easier to manipulate the price if you come with a lot of coins or a lot of money.

If any of you get scared by this, go back a bit in the charts and take a look at the covid crash in March 2020. That was a dump with over 100k bitcoin dumped on bitstamp alone. How much was dumped this time? 8k? This is nothing.

[Weawant]

I got notified few minutes ago on the sudden drop of -11 % bitcoin price and I also noticed same thing also affected other altcoin, while in a post they said of price surging within 72hrs that is to say that from now till 20 August we might see a potential Green and may cross above 30k within the next 3 days.

What is possibly to happen in the market, more dip that's seeing below 20k or something similar?
And is this another sign for bear market?

When ever Bitcoin gets hit, it's the altcoins that gets affected the most and that's why it's not good to invest in altcoins because their success depends on how well Bitcoin is doing and holding altcoins during bear market is a big mistakes that'll make you keep losing.

What just happened to the price of Bitcoin is a good reason why we shouldn't trust any predictions we see online and also not from forum members because they aren't always accurate and bitcoin market can change instantaneously just as it just did with this crash.

We can't predict exactly what is next in the market that's why we speculate and my speculation is that Bitcoin might experience another correction but this doesn't change the bullish sentiment of the market by the end of the year because we're approaching Bitcoin halving.

[Asuspawer09]

I got notified few minutes ago on the sudden drop of -11 % bitcoin price and I also noticed same thing also affected other altcoin, while in a post they said of price surging within 72hrs that is to say that from now till 20 August we might see a potential Green and may cross above 30k within the next 3 days.

But to my surprise seeing that bitcoin already gone below the predicted price, although I can't still argue the fact that price can be manipulative and something positive could hit the market and, instantaneously changes direction just as it did happen now. Such effect could like happened to bitcoin and the price might dip more or surge more.

What is possibly to happen in the market, more dip that's seeing below 20k or something similar?
And is this another sign for bear market?

It's a really quick drop, I mean if Bitcoin drops a certain percentage altcoins always drop as well it's almost like altcoins market price is always dependent on the Bitcoin market unless there is some major news to a certain altcoin that is where it wouldn't go on the flow of Bitcoin in my experience.

I mean all of these are just predictions so there are always speculations that are floating around and they might not be accurate for sure, Bitcoin market price is just unpredictable I mean if we can predict the market for sure we are all rich by now. There are always going to be winners and losers in the market. To be honest it's kind of expected since the market is sustaining around 30k$ which is really surprising we really need a deep like this so that a lot more investors are going to be encouraged to go in as well.

For sure we might drop up to 20k$ but for me, it's going to be a good opportunity I mean if you are aiming for the Bullrun it's probably in the next few years, so this deep is just child's play.

[JoyMarsha]

I got notified few minutes ago on the sudden drop of -11 % bitcoin price and I also noticed same thing also affected other altcoin, while in a post they said of price surging within 72hrs that is to say that from now till 20 August we might see a potential Green and may cross above 30k within the next 3 days.

Don't listen to or believe what speculators claim about the price of bitcoin rising within 72 hours and causing you to invest in the crypto market as a result. Invest because you have a long-term plan for bitcoin, not what the so-called speculators have said about the price surge of bitcoin. In the next 72 hours, which is on August 20, it's possible that bitcoin won't be able to stabilize in the bearish market (it will keep declining).

But to my surprise seeing that bitcoin already gone below the predicted price, although I can't still argue the fact that price can be manipulative and something positive could hit the market and, instantaneously changes direction just as it did happen now. Such effect could like happened to bitcoin and the price might dip more or surge more.

Expect bitcoin's price to decline further in August. Until the end of the month, the pricing will continue to range between $25k and $26k plus price. Buy more bitcoin now while it's still affordable because once it starts to rise in value, this price won't be available for many years.

[Dave1]

~
what i only observed was the way bitcoin moved down to $24,200 before rising back to $26,000 so what next should we expect again and the week is gone, maybe after the weekend, next week may bring in another luck to have that green indication but for now we are still in the dip.

Majority of the investors are looking at this dip as an opportunity to purchase and hold for the long term and hence the price is recovering slightly and even if the market goes down further, there is nothing to worry for the long term investors as the price will bounce back. It is not a huge surprise seeing this correction because the market was stuck for a while around $30k and some were anticipating this correction . 

I guess it's more of the whales filling their pockets and happy to see the price going down again and probably laughing their ass off to those newbies who panic sells as they can scoop cheaper bitcoin again. It's that advantage they got, and so they will take that without blinking an eye.

But for speculators or average joe like the majority of us, most of the time we don't have that money to buy and then we regret and say that the price should not go down that hard again because (1) it's hard to see our wallets value going south (2), we don't have the capital to buy if that is the case.

[YUriy1991]

The good news is that when the dump occurred, the SEC considered the Ethereum Future ETF so that when the dump occurred, the price was stuck down and rose 1.2%, which was still thinking about it after yesterday's dump. I can only smile when I see this.

Right, Yesterday, was a great surprise suddenly a storm came. Yes, now it's a little better, BTC $ 26,116 and no more strange speculation in the next 2 days.

[adaseb]

The good news is that when the dump occurred, the SEC considered the Ethereum Future ETF so that when the dump occurred, the price was stuck down and rose 1.2%, which was still thinking about it after yesterday's dump. I can only smile when I see this.

Right, Yesterday, was a great surprise suddenly a storm came. Yes, now it's a little better, BTC $ 26,116 and no more strange speculation in the next 2 days.

This is not surprising news really. They already approved the Bitcoin etf which is based on CME futures. And there is CME futures for ether already traded. It’s been live for a few years. So by approving an ether etf is not really much of a surprise.

Now if they approved a ether spot etf then it’s big news. However these etfs are just based off the open interest of the future market. When one buys a Bitcoin it’s more of like a synthetic bitcoin and not based off the actual blockchain.

[taufik123]

It's a really quick drop, I mean if Bitcoin drops a certain percentage altcoins always drop as well it's almost like altcoins market price is always dependent on the Bitcoin market unless there is some major news to a certain altcoin that is where it wouldn't go on the flow of Bitcoin in my experience.
-snip-

Actually, this is not too fast, just look at the price of Bitcoin in the last few days which has stabilized in the $30k-$29k price area and now Bitcoin has dropped to $25k.
I think it's a natural thing, because Bitcoin's support at $29k is not strong enough to withstand the flow of sales, especially since some whales are selling their Bitcoin holdings.

This also has an impact on altcoins and of course, it is a drastic decline.
Altcoins that survive will collapse and some altcoins survive because their trend is good.

Altcoins will rise when alt season arrives and Bitcoin dominance drops.
We will look forward to it all, when Bitcoin is good enough.

[crwth]

A lot of people might have been waiting for this. The part where you are going to buy more BTC or ETH because it's on sale. It's the best deal now. I think it's just a cycle and you can never know what would happen in the next few days or months. You will never know if you could increase your crypto holdings or not. A lot is coming to be excited about like what the other members have mentioned.

[eightdots]

A lot of people might have been waiting for this. The part where you are going to buy more BTC or ETH because it's on sale. It's the best deal now. I think it's just a cycle and you can never know what would happen in the next few days or months. You will never know if you could increase your crypto holdings or not. A lot is coming to be excited about like what the other members have mentioned.

I see this decline as an opportunity. By many estimates, the bull run is only a short while away. It's good that Bitcoin and Eth are giving a buying opportunity as the bull run approaches.

Such a drop in the price of Bitcoin can always occur. We must be used to it. Not panicking and buying Bitcoin and Eth if possible may be the best choice for such situations. The price will start to rise but we don't know when. The Bitcoin market is a market where those who can manage to wait win.

[btc_angela]

A lot of people might have been waiting for this. The part where you are going to buy more BTC or ETH because it's on sale. It's the best deal now. I think it's just a cycle and you can never know what would happen in the next few days or months. You will never know if you could increase your crypto holdings or not. A lot is coming to be excited about like what the other members have mentioned.

We have heard people saying that they wanted to buy more, but for sure there are still who's waiting for the price to still continue to go down, to like $20k-$22k before they buy or even lower than that.

I know, who doesn't want to buy at a discount, but sometimes waiting for the price to continue to dip before getting your hands on BTC might be a bad idea. Because it's so unpredictable, we don't know, maybe the next day the price is going to bounce back and have a like +10% increased in a single day.

[Lucius]

Hopefully we will quickly return to $30k judging by your expert source, because if by any chance this does not happen, I wonder what it would mean - BTC is scam or BTC is dead (again)?

Well I don't think it could be seen as scam because this has been happening overtime and we shouldn't be that quickly to judge that BTC is scam and I am not in any day putting that believe in me to say that it would be scam or having likely to be so.

Well, I didn't mean it so seriously, but somewhat sarcastically, in the sense that if Bitcoin doesn't behave the way most people expect, then some say it's a scam, and others say it's only a matter of days before it disappears. In any case, I would not recommend anyone to believe the stories of so-called experts who claim to know what will happen in 3 days, and in 99% of cases they are proven wrong.

[doomloop]

I got notified few minutes ago on the sudden drop of -11 % bitcoin price and I also noticed same thing also affected other altcoin, while in a post they said of price surging within 72hrs that is to say that from now till 20 August we might see a potential Green and may cross above 30k within the next 3 days.

But to my surprise seeing that bitcoin already gone below the predicted price, although I can't still argue the fact that price can be manipulative and something positive could hit the market and, instantaneously changes direction just as it did happen now. Such effect could like happened to bitcoin and the price might dip more or surge more.

What is possibly to happen in the market, more dip that's seeing below 20k or something similar?
And is this another sign for bear market?

This is not a sign of a bear market, it is just the result of aggressive selling by SpaceX as we heard in the updates from around the internet, and when that happened, a lot of investors might have panic sold as well resulting in the price to dip more. Now, it is not really going to be too easy for the price to recover back and get to $30k this soon because the market hasn't been so strong and we have been seeing that for some months now being stagnant around $30k.

I don't really think that the price will go around $20k but I feel like this is not the last dip yet and there will still be some more declining coming up in the next few days, once that happens, then the market might start recovering as whales will start buying back once again once the price hits the bottom.