what a surprise dip

[bitterguy28]

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.

suddenly , it lookds like price are coming that low, 19k? hope that will be our barricade before the complete recovery to happen after the halving season. actually  I never see this happening , though we have seen many of this kind in the past before halving .
maybe the chart shows the downtrend before the bull market .

[Natalim]

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.

The decline had stopped at $26k, not far from $25k but I was on your side and also hoping that this will be the end of the price dump. Because in the moment that it drop below $25k, it created more panic and stress for those who just bought a while ago at $29k.
Though we can't set aside that possible decline but can't hide the fact that this is a little bit surprising because we thought that we are moving forward and surpassing $30. Unfortunately, we've got this opposite direction and made the community draw negative speculations and market views. Well, I hope that everyone can still hold their Bitcoin and remain strong.

[flyingcarpet]

I hope bitcoin won't drop much more but I fear it will, I mean it won't happen immediately but most likely it will happen between now and the next bull season. The reason I'm afraid is because we don't even have any negative news causing the drop, I suspect this drop is due to market manipulation and fake news just to legitimize the manipulation. This will most likely repeat in the near term and it will cause bitcoin to drop to $20k again and trigger an even bigger dumping.

I never thought it would go down to 20 thousand. Of course, there is such a possibility, but we need to prepare ourselves. If Bitcoin falls to 20k, it could be a very good buy. There is a possibility that the bull run will come before or after the Halving. When we think about it, we can relax because the lower the price, the stronger the returns. So we should put our worries aside and try to buy Bitcoin if the price drops.

[STT]

I was just watching pricing this evening with 15 minute bars, there was an attempt downwards.   Very fast measure really, even a 50 moving average is only half a day of pricing.  BTC looked good for a fall with some volume but its relative and doesnt matter if wider time frames discount the local or short term effect.  Im not sure which but its recovered well, the main point I would make on that is a failed move is bullish.  Failure to sell, a rebound and trade back above the sell price could do better then previous because it discounts sellers and knocks them out of the picture for that time, it could build higher.  Lets see if it can do anything different now.
   I was just going to put on a bet for a lower price to month end but I'm interested now in this current developing during Asian open trading hours.  Each part of the globe has its own dynamic for BTC sentiment imo

Current pricing as of this post 26029 & is past 12hr average and challenging the average price for last couple days.   Lets see if BTC can expand the post-sell languishing recent range at all.

[Smack That Ace]

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.

The decline had stopped at $26k, not far from $25k but I was on your side and also hoping that this will be the end of the price dump. Because in the moment that it drop below $25k, it created more panic and stress for those who just bought a while ago at $29k.
Though we can't set aside that possible decline but can't hide the fact that this is a little bit surprising because we thought that we are moving forward and surpassing $30. Unfortunately, we've got this opposite direction and made the community draw negative speculations and market views. Well, I hope that everyone can still hold their Bitcoin and remain strong.

Just hoping is not enough to keep bitcoin from falling more, no one wants that to happen but I believe bitcoin will once again continue to go against the crowd, just like always. As you pointed out, when we were all expecting a breakout of bitcoin past $30k to higher levels, but it ended up going against our expectations. According to a survey I read yesterday, long orders still dominate over short orders. That means it is more likely that bitcoin will continue to go against the crowd.

[Oasisman]

Just hoping is not enough to keep bitcoin from falling more, no one wants that to happen but I believe bitcoin will once again continue to go against the crowd, just like always. As you pointed out, when we were all expecting a breakout of bitcoin past $30k to higher levels, but it ended up going against our expectations. According to a survey I read yesterday, long orders still dominate over short orders. That means it is more likely that bitcoin will continue to go against the crowd.

Bitcoin is now trading at $25k level and it looks like it might going to fall even more, but I don't think it would fall further than $20k either. It's not really a bad thing to happen when bitcoin price didn't meet your expectations, like a $30k breakout. Well, this have happened before the bitcoin halving, bitcoin tends to pull back, maybe there is a manipulations going on as someone (most probably the whales) are trying to trick the mediocre investors to sell their bags as the price falls down. Only the weak hands will do that, we have to understand that any event in crypto that could potentially initiate a bull run, there are always FUD that's going to happen to try and pull the price back as much as possible for the other experienced and whale investors to accumulate more at a lower price prior to the bull run.

[lixer]

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 think there are now more experienced Bitcoiners so yeah I agree with that. They can do a DCA but events like this are kind a rare so they will buy more than usual. BTC and ETH are not the only crypto they will buy but experienced users are versatile. They diversified their money to make their performance even better.

This isn't just a simple cycle but there is a reason for these dump that we experienced lately. That is why it is called as a surprise dump by the many including the OP here. A normal cycle is predictable. We don't know what happen can happen later on or the next few days but many of us are sure that in the next few months we are going to have a bull run.

[Silberman]

Bitcoin is now trading at $25k level and it looks like it might going to fall even more, but I don't think it would fall further than $20k either. It's not really a bad thing to happen when bitcoin price didn't meet your expectations, like a $30k breakout. Well, this have happened before the bitcoin halving, bitcoin tends to pull back, maybe there is a manipulations going on as someone (most probably the whales) are trying to trick the mediocre investors to sell their bags as the price falls down. Only the weak hands will do that, we have to understand that any event in crypto that could potentially initiate a bull run, there are always FUD that's going to happen to try and pull the price back as much as possible for the other experienced and whale investors to accumulate more at a lower price prior to the bull run.

This happens in all markets, it is just that it is more notorious here due to the volatility of bitcoin, retail traders need to get used to the idea the whales are trying to get their coins, and while the number of coins a retail trader is holding on his own is very small, if a great number of them sell at the same time then the number of coins becomes big enough for whales to act, so they are trying to scare weak hands into selling their coins, and unfortunately they were successful this time around, otherwise the price would not have taken the dip it did if retail investors did not sold their coins as a response to this movement.

[Yaunfitda]

Bitcoin is now trading at $25k level and it looks like it might going to fall even more, but I don't think it would fall further than $20k either. It's not really a bad thing to happen when bitcoin price didn't meet your expectations, like a $30k breakout. Well, this have happened before the bitcoin halving, bitcoin tends to pull back, maybe there is a manipulations going on as someone (most probably the whales) are trying to trick the mediocre investors to sell their bags as the price falls down. Only the weak hands will do that, we have to understand that any event in crypto that could potentially initiate a bull run, there are always FUD that's going to happen to try and pull the price back as much as possible for the other experienced and whale investors to accumulate more at a lower price prior to the bull run.

This happens in all markets, it is just that it is more notorious here due to the volatility of bitcoin, retail traders need to get used to the idea the whales are trying to get their coins, and while the number coins a retail trader is holding on his own is very small, if a great number of them sell at the same time then the number of coins becomes big enough for whales to act, so they are trying to scare weak hands into selling their coins, and unfortunately they we are successful this time around, otherwise the price would not have taken the dip it did if retail investors did not sold their coins as a response to this movement.

Exactly, the volatility of this market can't be compare to any other specially traditional financial markets like stocks because we can go up and down very quick in less than 24 hours and then bounce the next day.

And that's what makes traders love or hate this market because of that kind of jump in prices. But for those who are simply just stacking stats and nothing else, then it will be all good as we will go through all hell in this bear market, but then again, in the bull run it will be all joy to us. So let that be a lesson for everyone that this might be a surprise dip, but nevertheless we will all go bounce back.

[Ojima-ojo]

Bitcoin is now trading at $25k level and it looks like it might going to fall even more, but I don't think it would fall further than $20k either. It's not really a bad thing to happen when bitcoin price didn't meet your expectations, like a $30k breakout. Well, this have happened before the bitcoin halving, bitcoin tends to pull back, maybe there is a manipulations going on as someone (most probably the whales) are trying to trick the mediocre investors to sell their bags as the price falls down. Only the weak hands will do that, we have to understand that any event in crypto that could potentially initiate a bull run, there are always FUD that's going to happen to try and pull the price back as much as possible for the other experienced and whale investors to accumulate more at a lower price prior to the bull run.

This happens in all markets, it is just that it is more notorious here due to the volatility of bitcoin, retail traders need to get used to the idea the whales are trying to get their coins, and while the number coins a retail trader is holding on his own is very small, if a great number of them sell at the same time then the number of coins becomes big enough for whales to act, so they are trying to scare weak hands into selling their coins, and unfortunately they we are successful this time around, otherwise the price would not have taken the dip it did if retail investors did not sold their coins as a response to this movement.

Exactly, the volatility of this market can't be compare to any other specially traditional financial markets like stocks because we can go up and down very quick in less than 24 hours and then bounce the next day.

And that's what makes traders love or hate this market because of that kind of jump in prices. But for those who are simply just stacking stats and nothing else, then it will be all good as we will go through all hell in this bear market, but then again, in the bull run it will be all joy to us. So let that be a lesson for everyone that this might be a surprise dip, but nevertheless we will all go bounce back.

Bitcoin is going to rely more around the 25k-26k price benchmark at the cycle period of 1 month to 2 but more also we may see a push upward around 26k+ but not much recovery will happen for now since a lot of whales have taken advantage of the recent market dip to fill up their Bitcoin bag, ready to dump at any possible price recovery along the way up.


Bitcoin halving is somewhere around the corner and in less than one year we may have gone past Bitcoin halving and at that, we should have experienced the next major Bitcoin price ATH again, so this dip is another discount price era for the Bitcoin market speculators.

[Fatunad]

Bitcoin is now trading at $25k level and it looks like it might going to fall even more, but I don't think it would fall further than $20k either. It's not really a bad thing to happen when bitcoin price didn't meet your expectations, like a $30k breakout. Well, this have happened before the bitcoin halving, bitcoin tends to pull back, maybe there is a manipulations going on as someone (most probably the whales) are trying to trick the mediocre investors to sell their bags as the price falls down. Only the weak hands will do that, we have to understand that any event in crypto that could potentially initiate a bull run, there are always FUD that's going to happen to try and pull the price back as much as possible for the other experienced and whale investors to accumulate more at a lower price prior to the bull run.

This happens in all markets, it is just that it is more notorious here due to the volatility of bitcoin, retail traders need to get used to the idea the whales are trying to get their coins, and while the number coins a retail trader is holding on his own is very small, if a great number of them sell at the same time then the number of coins becomes big enough for whales to act, so they are trying to scare weak hands into selling their coins, and unfortunately they we are successful this time around, otherwise the price would not have taken the dip it did if retail investors did not sold their coins as a response to this movement.

Exactly, the volatility of this market can't be compare to any other specially traditional financial markets like stocks because we can go up and down very quick in less than 24 hours and then bounce the next day.

And that's what makes traders love or hate this market because of that kind of jump in prices. But for those who are simply just stacking stats and nothing else, then it will be all good as we will go through all hell in this bear market, but then again, in the bull run it will be all joy to us. So let that be a lesson for everyone that this might be a surprise dip, but nevertheless we will all go bounce back.

Bitcoin is going to rely more around the 25k-26k price benchmark at the cycle period of 1 month to 2 but more also we may see a push upward around 26k+ but not much recovery will happen for now since a lot of whales have taken advantage of the recent market dip to fill up their Bitcoin bag, ready to dump at any possible price recovery along the way up.


Bitcoin halving is somewhere around the corner and in less than one year we may have gone past Bitcoin halving and at that, we should have experienced the next major Bitcoin price ATH again, so this dip is another discount price era for the Bitcoin market speculators.

Trying to make some slingshot kind of behavior but its isnt assure but i do rather expect that there would really be some last drop before we would really be shooting up. We are fast approaching on the halving
event on which we know that this is something that it is  really that what kicks in the  bull run effect. Prices cant really be known on what would be the possible bottom and this is why lots of anticipations and lots of speculations in regarding with the current price that we do have now. Whether we would be seeing some recovery before this year ends or would really be experiencing more declines as we do go ahead.
This is why each decision would really be made would really be entirely be tough for us because the market cant really be known on what would be its next movement. Fundamentals or news could really be
able to come out unexpectedly on which it would really be bring out that turmoil and overall decrease and correction that we do have on this market.

[Minecache]

I hope bitcoin won't drop much more but I fear it will, I mean it won't happen immediately but most likely it will happen between now and the next bull season. The reason I'm afraid is because we don't even have any negative news causing the drop, I suspect this drop is due to market manipulation and fake news just to legitimize the manipulation. This will most likely repeat in the near term and it will cause bitcoin to drop to $20k again and trigger an even bigger dumping.

I never thought it would go down to 20 thousand. Of course, there is such a possibility, but we need to prepare ourselves. If Bitcoin falls to 20k, it could be a very good buy. There is a possibility that the bull run will come before or after the Halving. When we think about it, we can relax because the lower the price, the stronger the returns. So we should put our worries aside and try to buy Bitcoin if the price drops.

It is very difficult for bitcoin to create a new bottom this year because we are approaching the halving and the bear season is about to end. But if you remember what happened in 2020 when the Covid pandemic also caused bitcoin to plummet before the halving took place. I don't know if more black swans will hit us, but I think history will repeat itself, I mean, bitcoin will still have many corrections even at $20k for whatever reason if the shark wants that to happen.
Making a new bottom or falling to $15k is something I don't believe will happen, but for bitcoin to drop to $20k, I still think it's possible, IMO.

[fzkto]

I hope bitcoin won't drop much more but I fear it will, I mean it won't happen immediately but most likely it will happen between now and the next bull season. The reason I'm afraid is because we don't even have any negative news causing the drop, I suspect this drop is due to market manipulation and fake news just to legitimize the manipulation. This will most likely repeat in the near term and it will cause bitcoin to drop to $20k again and trigger an even bigger dumping.

I never thought it would go down to 20 thousand. Of course, there is such a possibility, but we need to prepare ourselves. If Bitcoin falls to 20k, it could be a very good buy. There is a possibility that the bull run will come before or after the Halving. When we think about it, we can relax because the lower the price, the stronger the returns. So we should put our worries aside and try to buy Bitcoin if the price drops.

It is very difficult for bitcoin to create a new bottom this year because we are approaching the halving and the bear season is about to end. But if you remember what happened in 2020 when the Covid pandemic also caused bitcoin to plummet before the halving took place. I don't know if more black swans will hit us, but I think history will repeat itself, I mean, bitcoin will still have many corrections even at $20k for whatever reason if the shark wants that to happen.
Making a new bottom or falling to $15k is something I don't believe will happen, but for bitcoin to drop to $20k, I still think it's possible, IMO.

You said 2020, back then also absolutely no one expected bitcoin could fall to 3k again. So it seems to me that you have to be prepared that it could happen again and the price will make a new bottom. I don't rule it out and I think that if it happens again, it will be a very good buying opportunity.

[Hamphser]

I hope bitcoin won't drop much more but I fear it will, I mean it won't happen immediately but most likely it will happen between now and the next bull season. The reason I'm afraid is because we don't even have any negative news causing the drop, I suspect this drop is due to market manipulation and fake news just to legitimize the manipulation. This will most likely repeat in the near term and it will cause bitcoin to drop to $20k again and trigger an even bigger dumping.

I never thought it would go down to 20 thousand. Of course, there is such a possibility, but we need to prepare ourselves. If Bitcoin falls to 20k, it could be a very good buy. There is a possibility that the bull run will come before or after the Halving. When we think about it, we can relax because the lower the price, the stronger the returns. So we should put our worries aside and try to buy Bitcoin if the price drops.

It is very difficult for bitcoin to create a new bottom this year because we are approaching the halving and the bear season is about to end. But if you remember what happened in 2020 when the Covid pandemic also caused bitcoin to plummet before the halving took place. I don't know if more black swans will hit us, but I think history will repeat itself, I mean, bitcoin will still have many corrections even at $20k for whatever reason if the shark wants that to happen.
Making a new bottom or falling to $15k is something I don't believe will happen, but for bitcoin to drop to $20k, I still think it's possible, IMO.

You said 2020, back then also absolutely no one expected bitcoin could fall to 3k again. So it seems to me that you have to be prepared that it could happen again and the price will make a new bottom. I don't rule it out and I think that if it happens again, it will be a very good buying opportunity.

Yes, that 15k drop is pertaining or could reflect out on what happen on that $3k price drop that on last cycle on which we could really definitely believe that was already the sweetest spot if ever you are really that

hunting for the bottom but it seems that people do even ask more and waiting for that $10k price level which it is really that unlikely to happen. So far, we didnt drop that low and we are already fast approaching
on upcoming halving event which do eventually kick out that bull run effect. We dont know if there would really be that last dip before the said reversal but for now we cant really say that it is really over.
Everything could really happen in an instant on which it would really be just that normal that people would really be that skeptical when it comes to this.

Surprise dips and sudden market price movements and events arent something new with this unpredictable and random market.

[AmoreJaz]

I hope bitcoin won't drop much more but I fear it will, I mean it won't happen immediately but most likely it will happen between now and the next bull season. The reason I'm afraid is because we don't even have any negative news causing the drop, I suspect this drop is due to market manipulation and fake news just to legitimize the manipulation. This will most likely repeat in the near term and it will cause bitcoin to drop to $20k again and trigger an even bigger dumping.

I never thought it would go down to 20 thousand. Of course, there is such a possibility, but we need to prepare ourselves. If Bitcoin falls to 20k, it could be a very good buy. There is a possibility that the bull run will come before or after the Halving. When we think about it, we can relax because the lower the price, the stronger the returns. So we should put our worries aside and try to buy Bitcoin if the price drops.

It is very difficult for bitcoin to create a new bottom this year because we are approaching the halving and the bear season is about to end. But if you remember what happened in 2020 when the Covid pandemic also caused bitcoin to plummet before the halving took place. I don't know if more black swans will hit us, but I think history will repeat itself, I mean, bitcoin will still have many corrections even at $20k for whatever reason if the shark wants that to happen.
Making a new bottom or falling to $15k is something I don't believe will happen, but for bitcoin to drop to $20k, I still think it's possible, IMO.

well, we have seen in the past that in this market, everything is possible. so we can't really tell that one thing is not possible to happen. just open for possible circumstances and keep an eye open for possible developments.
as the volatility is still the major factor why a lot are coming into this market, better think of your strategies how to take advantage of this opportunity to gain profits.

[bestcoins1]

You said 2020, back then also absolutely no one expected bitcoin could fall to 3k again. So it seems to me that you have to be prepared that it could happen again and the price will make a new bottom. I don't rule it out and I think that if it happens again, it will be a very good buying opportunity.

And taking advantage of that opportunity are also people who have known Bitcoin for a longer time and those who already know that it is the new low that they have seen before their eyes. Meanwhile, people who are just entering the market or at least new to Bitcoin will still have doubts about buying because they think that it is a fairly expensive price. Unless these new people have done a little research into the prices that have occurred on Bitcoin over the years, making them immediately feel brave enough to take advantage of new lows as their opportunity to buy more.

[romero121]

You said 2020, back then also absolutely no one expected bitcoin could fall to 3k again. So it seems to me that you have to be prepared that it could happen again and the price will make a new bottom. I don't rule it out and I think that if it happens again, it will be a very good buying opportunity.

And taking advantage of that opportunity are also people who have known Bitcoin for a longer time and those who already know that it is the new low that they have seen before their eyes. Meanwhile, people who are just entering the market or at least new to Bitcoin will still have doubts about buying because they think that it is a fairly expensive price. Unless these new people have done a little research into the prices that have occurred on Bitcoin over the years, making them immediately feel brave enough to take advantage of new lows as their opportunity to buy more.

For users who had experienced massive price crash this isn't a big move in the market. For users who see it for the first time doesn't understand whether to buy it or wait for the market to go more bearish. Most of the time users who had missed opportunities in the past tries to make investment through the DCA technique whenever there is atleast some 10% drop in the price. This doesn't affect the profiting much and preparing for the worst market unlike the real market condition helps them overcome any kind of market move.

[fzkto]

You said 2020, back then also absolutely no one expected bitcoin could fall to 3k again. So it seems to me that you have to be prepared that it could happen again and the price will make a new bottom. I don't rule it out and I think that if it happens again, it will be a very good buying opportunity.

And taking advantage of that opportunity are also people who have known Bitcoin for a longer time and those who already know that it is the new low that they have seen before their eyes. Meanwhile, people who are just entering the market or at least new to Bitcoin will still have doubts about buying because they think that it is a fairly expensive price. Unless these new people have done a little research into the prices that have occurred on Bitcoin over the years, making them immediately feel brave enough to take advantage of new lows as their opportunity to buy more.

For users who had experienced massive price crash this isn't a big move in the market. For users who see it for the first time doesn't understand whether to buy it or wait for the market to go more bearish. Most of the time users who had missed opportunities in the past tries to make investment through the DCA technique whenever there is atleast some 10% drop in the price. This doesn't affect the profiting much and preparing for the worst market unlike the real market condition helps them overcome any kind of market move.

Such people can be called experienced. But they are a small part of the market. In general, when prices collapse seriously, people panic, which is why there is a collapse, when everything is sold. Only a small part of people who are sure that everything will be fine in the future buy. That is why you should never sell because of panic, but on the contrary, you should have money to buy.

[KiaKia]

No matter what you do, always have some money ready for buying opportunity, you don't want to keep talking every 10% dips as the best buying opportunity, I know that no one knows what the exact bottom and the top is, but the best thing to do is to make sure you don't run out of dollars.

There is still 6-8 months left for people to keep accumulating, after the halving is successful it will already be too late, Bitcoin looks very weak right now which makes me believe that 20k is still possible, even 15k, but I don't want to trade all my cards on this, crypto is sometimes full of surprises.

The best strategy is to be prepared for anything, if the market unexpectedly surge you are already in the game and if it dumps massively you already have some back up plan with your sitting dollars.

[rachael9385]

Yes what a surprise dip already, some of the things we all speculated in the previous month didn't happen, some of us said Bitcoin will hit $30k, $40k or even $50k but here 1st of September 2023  and the price has dipped from $30k to $25k and I feels that the price will still dip below this same amount but maybe before the end of the month of this September I believes that the price of Bitcoin will rise up again to maybe above $30k to $35k.