what a surprise dip

[Adbitco]

We should always expect something to happen in the market and there are two things possibly to occur.. in as much as we buying and selling there will be always dip and bull and whenever anything like this happened then you should be able to detect that a serious dump has occurred somewhere or alternatively, a driven news has propelled the market to start having negative effects which actually effects the entire cryptocurrency market. In my opinion I will ask you to relax and watch back the market within a months times there will be positive movement which may probably drive the price from where it's to another best position which in turns people might start regretting for not taking advantage of this sudden dip to fill up their portfolio as usual.

[ShowOff]

We should always expect something to happen in the market and there are two things possibly to occur.. in as much as we buying and selling there will be always dip and bull and whenever anything like this happened then you should be able to detect that a serious dump has occurred somewhere or alternatively, a driven news has propelled the market to start having negative effects which actually effects the entire cryptocurrency market. In my opinion I will ask you to relax and watch back the market within a months times there will be positive movement which may probably drive the price from where it's to another best position which in turns people might start regretting for not taking advantage of this sudden dip to fill up their portfolio as usual.

It's still normal to see bitcoin drop in the last few days, but I admit that the market is overreacting a bit. FUD spread so quickly that it caused panic among investors and traders, of course it has made this dumping rather annoying. I hope for a recovery as soon as possible although basically this momentum is expected by some investors. I don't imagine bitcoin price correcting to $25k in August as the positive support is definitely there, but FUD has a role to play after that.

[Adbitco]

Snip

It's still normal to see bitcoin drop in the last few days, but I admit that the market is overreacting a bit. FUD spread so quickly that it caused panic among investors and traders, of course it has made this dumping rather annoying. I hope for a recovery as soon as possible although basically this momentum is expected by some investors. I don't imagine bitcoin price correcting to $25k in August as the positive support is definitely there, but FUD has a role to play after that.

Fud is something that is really holding the market, traders and investors are trying to take profits and this alone may likely keep the bitcoin price at stationary without going up or going down. That's is to say there is a huge selling pressure within $26k, it actually dropped to 24k before taking back its feet back to 26k. It has been on 26k for the past 48hrs, correct me if I am wrong, and at this point we may see more dip and from my point of view the market is so indecisive meaning it may go up or down.

[Mr.suevie]

I don't even know why there is whole lot of thread created about this dip experienced as we all know what Bitcoin is , and that it's a volatile currency and these sudden drop and dip are all part of it's nature so for me instead of people whining and complaining why not just use this as an opportunity to grow and currently more BTC seeing that if you buy now the ratio of amount that will be bought is going to be big

[Vaskiy]

I don't even know why there is whole lot of thread created about this dip experienced as we all know what Bitcoin is , and that it's a volatile currency and these sudden drop and dip are all part of it's nature so for me instead of people whining and complaining why not just use this as an opportunity to grow and currently more BTC seeing that if you buy now the ratio of amount that will be bought is going to be big

Well said, market crash and price decline is part of the bitcoin price movement. We could experience this kind of unexpected market volatility in large scale, and whenever such thing happens automatically people start to connect some incident happening around the cryptomarket. Maybe this can be a coincidence, and later the same into speculation leads to downturn and uplifting of the price. For now it is time to buy through Dollar Cost Average technique to have better holding of bitcoin for the bigger profit as the market could turn completely bullish anytime.

[Oasisman]

Cant provide with some TA analysis on here but we know that Technicals could easily be fucked up suddenly by sudden news or simply with Fundamentals.

Unpacking SpaceX Bitcoin 2021-2022 sales worth $373M
Elon Musk’s SpaceX Liquidates Entire $373,000,000 Bitcoin Stash

This is why i dont really trust up technicals most of the time specially that news something similar or like this could pop out just like in a blink of an eye.
Feel sorry for those who had made out some long positions for sure they had been liquidated.

Can't rely solely on TA's though, other wise you'll get surprised if bitcoin suddenly falls or suddenly rise especially when there is a news or a rumor surrounding that internet that triggers a massive buy or sell in the market.
I have no update on that news regarding Elon and spaceX selling that $300m+ amount in bitcoin, but there were articles who were speculating stating that it was not true. Well, it has affected the market though regardless.
Bitcoin may fall below $25k, but it would a great entry point which a lot of people may be waiting and the reason why we haven't seen any recovery yet. We all know a lot of us here are waiting to accumulate on a lower price possible so I guess the price would go far below $25k.

[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.

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.

Yes and I think the United States Securities and Exchange Commission (SEC) seems to be ready to change their outlook on the crypto world. While the SEC will probably approve a number of applications for Ether-based ETF futures concurrently and the latest news from Europe, if I'm not mistaken the Jacobi FT Wishere Bitcoin ETF has been approved which ETF will trade under the ticker "bcoin", and will be listed on the Euronext Amsterdam stock Exchange and supervised by the GFSC implementation.

[Marvell1]

I don't even know why there is whole lot of thread created about this dip experienced as we all know what Bitcoin is , and that it's a volatile currency and these sudden drop and dip are all part of it's nature so for me instead of people whining and complaining why not just use this as an opportunity to grow and currently more BTC seeing that if you buy now the ratio of amount that will be bought is going to be big

Because people have a misconception that we are getting closer to the halving and that will help the bitoin increase from now until the halving happens. They believe there won't be any more major crashes in the market. So people were surprised and even panicked when they saw bitcoin being dumped unexpectedly.

From what I see, most people don't have any worst case plan or preparation, people just daydream and think about an upcoming bull market. People are over-expecting the halving and think it will save the market from any major drop.

[Texac]

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.

Yes and I think the United States Securities and Exchange Commission (SEC) seems to be ready to change their outlook on the crypto world. While the SEC will probably approve a number of applications for Ether-based ETF futures concurrently and the latest news from Europe, if I'm not mistaken the Jacobi FT Wishere Bitcoin ETF has been approved which ETF will trade under the ticker "bcoin", and will be listed on the Euronext Amsterdam stock Exchange and supervised by the GFSC implementation.

The SEC has filed a complaint against XRP in court after losing a two-year battle with XRP.  they have not accepted that failure yet and it shows that they do not want to let go of the market and they will continue to find ways to attack the market if given the opportunity.  I don't know why they accept ethereum ETF but they keep rejecting bitcoin ETF.  but that's not enough to prove that they want to be more market-friendly.  I think they are plotting bigger after the recent setbacks.

[Sebas.tian]

What is possibly to happen in the market, more dip that's seeing below 20k or something similar?

I don't think, the price of Bitcoin will decrease more than $25,000 before it will start increasing to hit higher in the market for those that are still holding Bitcoin for bullish market to come, they will not miss their opportunity. This surprised decrease of the price of Bitcoin that just happened few days ago that made the price of Bitcoin to decrease from $29,000 to $25,000, show there is a hope for holders to smile before the end of this year because the green light is still displaying in the market to make holders to be bold that something positive will still happen. I believe this is the time to hold because this bearish market will not take a long time before it will turn to bullish market soon.

[gabbie2010]

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?

Probably those analysts that speculated the cross above $30K based their prediction on Technical Analysis usually based their prediction on candlestick patterns, however fundamental Analysis moves or drives the price of bitcoins of course there might not be any manipulation of the market rather the price reacted to a big negative fundamental news which resulted to the massive dump experienced by the price of Bitcoin in the last few days, hopefully I believe the strong support turned Resistance at $25K rejected the price if not the price would likely dump to the next support at $17K which I think is very unlikely because last weekly candle indicates an bearish exhaustion candle.

[bitterguy28]

We should always expect something to happen in the market and there are two things possibly to occur.. in as much as we buying and selling there will be always dip and bull and whenever anything like this happened then you should be able to detect that a serious dump has occurred somewhere or alternatively, a driven news has propelled the market to start having negative effects which actually effects the entire cryptocurrency market. In my opinion I will ask you to relax and watch back the market within a months times there will be positive movement which may probably drive the price from where it's to another best position which in turns people might start regretting for not taking advantage of this sudden dip to fill up their portfolio as usual.

actuallythe problem with others that surely does not understand the market is that there is only one thing in their mind and that is the market to go forward always in which badly to believe.
this is a volatile market that has two sides , either to Bull or to Bear. the middle is not to discuss because that is the neutral ground .

[superman184]

actuallythe problem with others that surely does not understand the market is that there is only one thing in their mind and that is the market to go forward always in which badly to believe.
this is a volatile market that has two sides , either to Bull or to Bear. the middle is not to discuss because that is the neutral ground .

The two sides that you mean can also be likened to profits and losses because the only ones who are not profitable or detrimental are those who survived because their capital did not decrease or increase. But occasionally it is also necessary to discuss neutral ground for a while even though what is more discussed are the two market conditions that are very often seen, namely bear and bull.

And for people who don't know the market or understand any market, I think those who are like that will only be spectators at any moment because they don't know how to take advantage of the moment or still don't dare to enter the market because they consider too much risk. Although these considerations are also a part that should not be forgotten by anyone when they want to enter the market for something.

[Mpamaegbu]

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.

That dip caught many people unawares because it indeed was really a dip (deep) cut. I'm sure so many Bitcoin longs got liquidated. This isn't to say that the bear has set in. No, it's far from it as we've identified what could've caused it. I don't know if the Michael Burry rumour is something to go by with the billionaire shorting Bitcoin or that the world's richest man, Elon Musk, dumped some of his hodlings. Whichever one, we've to acknowledge that crypto price is moved by FUD more than it's with FOMO. Bad news is capable of causing a lot of damage faster than the positive impact good news would do.

Again, don't forget that whenever Bitcoin sneezes, altcoins get the jitters. The crypto space is predominantly a Bitcoin affair. I want to see a time that dominance will be whittled down.

[GeorgeJohn]

I was surprised when I noticed bitcoin degradation, and I believe that as bitcoin going up, its obvious that bitcoin increment is something I believe that its been determined by the demands ratio and decrement ratio, so therefore, we can receive one information of bitcoin that will make bitcoin to increase above the value now, so bitcoin falling have never be a surprise to me because I know quite well that bitcoin value or price is baseless because it can rise today and fall tomorrow, so therefore I believe that bitcoin price is rotational and this is the best time someone can buy bitcoin and invest but some people will be scared of buying now, because their os is every tendency that the price can go up at any point in time.

[erep]

I don't think, the price of Bitcoin will decrease more than $25,000 before it will start increasing to hit higher in the market for those that are still holding Bitcoin for bullish market to come, they will not miss their opportunity. This surprised decrease of the price of Bitcoin that just happened few days ago that made the price of Bitcoin to decrease from $29,000 to $25,000, show there is a hope for holders to smile before the end of this year because the green light is still displaying in the market to make holders to be bold that something positive will still happen. I believe this is the time to hold because this bearish market will not take a long time before it will turn to bullish market soon.

I've read a post before the market fell significantly about the pattern of market price movements ahead of the previous year's halving, he said it was possible the market would fall above the average within a day and I was surprised that the prediction actually occurred the following week, so the pattern of market movements is still related with the previous halving, and good news if the $29k price bounce is potentially back before the halving then chances are high that bitcoin has the potential to reach ATH again after the halving.

However, despite various predictions linking to previous halving analysis techniques, but make sure we seize the opportunity to increase the bitcoin asset while the price is still low, my prediction is that the bitcoin price will not drop below $20k again.

[carlfebz2]

I don't think, the price of Bitcoin will decrease more than $25,000 before it will start increasing to hit higher in the market for those that are still holding Bitcoin for bullish market to come, they will not miss their opportunity. This surprised decrease of the price of Bitcoin that just happened few days ago that made the price of Bitcoin to decrease from $29,000 to $25,000, show there is a hope for holders to smile before the end of this year because the green light is still displaying in the market to make holders to be bold that something positive will still happen. I believe this is the time to hold because this bearish market will not take a long time before it will turn to bullish market soon.

I've read a post before the market fell significantly about the pattern of market price movements ahead of the previous year's halving, he said it was possible the market would fall above the average within a day and I was surprised that the prediction actually occurred the following week, so the pattern of market movements is still related with the previous halving, and good news if the $29k price bounce is potentially back before the halving then chances are high that bitcoin has the potential to reach ATH again after the halving.

However, despite various predictions linking to previous halving analysis techniques, but make sure we seize the opportunity to increase the bitcoin asset while the price is still low, my prediction is that the bitcoin price will not drop below $20k again.

Whether it would be following or not with the same pattern on the previous holding then its up to the market whether it would really be moving that way or we are totally seeing different which is something that truly
unpredictable or there's no way on telling whether it would follow or not.To those people who are really that a fan of when it comes to go with the history or past events then for sure they would be following those patterns whether it would work or not then its the risks that they would really be taking. Its true that it did really goes the same which those analysis did really make some hit and following those does really imply that you are in profits.

Expect the unexpected as always in dealing with this market which its truly that unpredictable and anticipate fuds and shills which we should really be that careful on altering out our earlier analysis
just because you had become that impulsive which it is really that a bad approach when it comes to things. Dips or declines like these arent that new and if you've been here on this market for a while
then you do already know on what you should gonna do.

[OgNasty]

The rumor I keep seeing being repeated online is that Binance is trying to keep BNB above $210 to avoid liquidations on a large loan. So Binance is being forced to sell off their Bitcoin in order to purchase BNB and defend their loan’s collateral. No idea if that is true or not but it seems logical. After what happened to FTX, I’ve been waiting for Binance to go under. It seemed like they were playing the same game, Binance just moved earlier.

Looks like Binance isn’t going to give up without a fight. I just received notice their US subsidiary has changed their terms of service to raise fees in BNB as well as other moves that could be seen as a bit desperate. If you have funds on Binance right now, you’re playing with fire. We saw it with FTX, we saw it with Gemini Earn, and if you think Binance is immune then you don’t understand how their business works and the role BNB plays.

[tygeade]

The two sides that you mean can also be likened to profits and losses because the only ones who are not profitable or detrimental are those who survived because their capital did not decrease or increase. But occasionally it is also necessary to discuss neutral ground for a while even though what is more discussed are the two market conditions that are very often seen, namely bear and bull.

And for people who don't know the market or understand any market, I think those who are like that will only be spectators at any moment because they don't know how to take advantage of the moment or still don't dare to enter the market because they consider too much risk. Although these considerations are also a part that should not be forgotten by anyone when they want to enter the market for something.

I agree that people who are new to the market could end up making some losses as well but if they are careful they could make a profit too. The point of trading is not to be profiting with every single trade, it is to end up with a profit at the end of the day.

This is why most companies take a look at quarterly results and they also take a look at yearly results as well. That means you do not have to make a profit with every trade, all you have to do is make sure you are profiting as much as you possibly can, while keeping the losses to the minimum. You can still make a loss, but as long as it is not common and frequent then it will not be an issue, it will get you a good result without a trouble and should be great result.

[Silberman]

What is possibly to happen in the market, more dip that's seeing below 20k or something similar?

I don't think, the price of Bitcoin will decrease more than $25,000 before it will start increasing to hit higher in the market for those that are still holding Bitcoin for bullish market to come, they will not miss their opportunity. This surprised decrease of the price of Bitcoin that just happened few days ago that made the price of Bitcoin to decrease from $29,000 to $25,000, show there is a hope for holders to smile before the end of this year because the green light is still displaying in the market to make holders to be bold that something positive will still happen. I believe this is the time to hold because this bearish market will not take a long time before it will turn to bullish market soon.

It is important to always be prepared for every single scenario that we may encounter, it is true that going below 25k seems like an improbable event to happen, but at the same time we need to wonder what could force the price of bitcoin to go below those levels? And I think the fall of a popular exchange or stable coin could do this, as such we need to keep our eyes open in the case such a news were to happen, as if it did a price below 25k would be almost guaranteed.