Btc dump to 39600

[YUriy1991]

I personally would like the drop to be 10 dollars, yes, 10 dollars!

If Bitcoin drops to $10 all you have to do is look for a travel company that provides a time machine and then rent it, Whether Laszlo Hanyecz or someone else's.

It would be like taking a trip back in time. And take advantage of the opportunities I missed in the past.

Good joke @criptoevangelista .

[Yaunfitda]

Yeah I was watching the market yesterday and it looked like we would break the $40K support and head down there as many stops get hit. However it actually reversed.

Today we had lots of positive news with the etfs and we rallied all the way to $43.5k. So completely unexpected turn off events. Would of assume we would touch $40K and reverse but looks like it was front run.

Yes, $43k it is again, so there's no dump, or just minor dump we see. And it's obvious as there are profit taking. So it's total reversal as what the OP said. But then again, we can't blame speculators to think or want to see the price dumping so that they can enter at a lower price.

But its seems that this December is going to be another good month and we will end this year with a good price, maybe $45k is around the corner. But we will see, seems the bulls are now in total control of the market and they are hard to stop when they want to push the price. And then we have the ETF news, the noise behind is want really keeps the market in the bullish state.

[BitcoinsGreat]

Yeah I was watching the market yesterday and it looked like we would break the $40K support and head down there as many stops get hit. However it actually reversed.

Today we had lots of positive news with the etfs and we rallied all the way to $43.5k. So completely unexpected turn off events. Would of assume we would touch $40K and reverse but looks like it was front run.

Yes, $43k it is again, so there's no dump, or just minor dump we see. And it's obvious as there are profit taking. So it's total reversal as what the OP said. But then again, we can't blame speculators to think or want to see the price dumping so that they can enter at a lower price.

But its seems that this December is going to be another good month and we will end this year with a good price, maybe $45k is around the corner. But we will see, seems the bulls are now in total control of the market and they are hard to stop when they want to push the price. And then we have the ETF news, the noise behind is want really keeps the market in the bullish state.

First of all we should know that the markets do not move in a straight upward or downward direction , there are always pull backs along the way. If the Bitcoin is over 40000$, it is in a bullish state and there is no need to panic if it dumps 1000 to 2000$.

This may have an impact on altcoins but for the Bitcoin such miner moves doesn't matter much.

[bestcoins1]

First of all we should know that the markets do not move in a straight upward or downward direction , there are always pull backs along the way. If the Bitcoin is over 40000$, it is in a bullish state and there is no need to panic if it dumps 1000 to 2000$.

This may have an impact on altcoins but for the Bitcoin such miner moves doesn't matter much.

The current Bitcoin price movement still looks the same even though it no longer looks so fast, but it is still in quite good condition because today the Bitcoin price started to return to $43K and even almost touched $44K. I think that this kind of sideways movement would be much better than the split second up or down movement that can happen several times over the course of a day. Apart from that, bullish conditions in the market will continue to occur because not many people experience panic at moments like now.

[rodskee]

Btc broke 42200 support
Now the target is 39600

What will happen if 39,600 reached ? are we seeing better movement till the end of december ?
but it seems that there is no way that  39k will be on the table for a while because the price now comes back
to 43k again and the correction is over , how many times that we need to see pumping and dumping before
seeing the 45-50k  level again.

[yohananaomi]

Btc broke 42200 support
Now the target is 39600

What will happen if 39,600 reached ? are we seeing better movement till the end of december ?
but it seems that there is no way that  39k will be on the table for a while because the price now comes back
to 43k again and the correction is over , how many times that we need to see pumping and dumping before
seeing the 45-50k  level again.

This week, it can be seen that there has been an unstable movement, experiencing two declines and then an increase. that all possibilities could happen, but will it actually fall below $40K or will it actually increase to $50K?There are only 2 weeks left until the end of the year, and of course we are looking forward to the movements that will occur because they determine when the halving era will begin.However, it is normal that as the halving period approaches, there will be a correction, but perhaps not this month but perhaps next year.But there's no need to worry; you can continue to buy and collect more so that you can later produce something you really desire.​

[fzkto]

Btc broke 42200 support
Now the target is 39600

What will happen if 39,600 reached ? are we seeing better movement till the end of december ?
but it seems that there is no way that  39k will be on the table for a while because the price now comes back
to 43k again and the correction is over , how many times that we need to see pumping and dumping before
seeing the 45-50k  level again.

Yes, the main thing now is that the price falls short-term and buyers do not let the price fall much. It seems to me that 40k is the key level below which bitcoin did not fall and the price bounced back. Hopefully December will be green like the previous months.

[AnonBitCoiner]

Fluctuations take place regularly in cryptocurrency market and the elevated and depreciated movement is not surprised. Price of Bitcoin hit the value of 42k$ and there is a hope that very soon it will gain the target of 45k$. Yesterday there was a slight dump but people were confirmed about the coming upper movement because Bitcoin is facing continuous up and down from origination till coming halving.

The worth will not come more down but if unfortunately it happens then people will not be sad about it but will take advantage of this dump because taking profit from every situation is necessary whether its a pump or dump as both type of fluctuations can give you much more profit but its up to you that are you willing to take it positive or negative sense.

[Franctoshi]

I didn't see $39600 from my chart, rather $40222. However, this slight pullback is not a surprise to me because Bitcoin is long overdue for a retracement after we last took off from $37k and the drop hit exactly at 0.618 of the Fibbo level on the daily timeframe and if failed to do so it's not so healthy for such a trending market because for a healthy market, the trend goes alongside some corrections along the line and in an absence of that, it likely result in a bigger correction and that's how the market used to work. I kind of think we would have further touched $38k level before starting another move up side.

[MFahad]

Fluctuations take place regularly in cryptocurrency market and the elevated and depreciated movement is not surprised. Price of Bitcoin hit the value of 42k$ and there is a hope that very soon it will gain the target of 45k$. Yesterday there was a slight dump but people were confirmed about the coming upper movement because Bitcoin is facing continuous up and down from origination till coming halving.

The worth will not come more down but if unfortunately it happens then people will not be sad about it but will take advantage of this dump because taking profit from every situation is necessary whether its a pump or dump as both type of fluctuations can give you much more profit but its up to you that are you willing to take it positive or negative sense.

Volatility in the cryptocurrency market cannot be denied, but the current dump can't be compared to daily fluctuations, as the price of Bitcoin has dropped by almost $4,000 at once. Such declines are rare and often only bad news causes Bitcoin to drop this much. Currently, it doesn't look like Bitcoin can touch $45k soon.

Greed has crossed 70 in the Fair and Greed Index, so people can sell. The second is the last week of the year where many people prefer to celebrate holidays instead of trading. If the price of bitcoin falls from here, it will definitely be a good opportunity to buy, but it will definitely be a problem for those who have bought, because they will not have any more money to buy.
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[ShowOff]

I didn't see $39600 from my chart, rather $40222. However, this slight pullback is not a surprise to me because Bitcoin is long overdue for a retracement after we last took off from $37k and the drop hit exactly at 0.618 of the Fibbo level on the daily timeframe and if failed to do so it's not so healthy for such a trending market because for a healthy market, the trend goes alongside some corrections along the line and in an absence of that, it likely result in a bigger correction and that's how the market used to work. I kind of think we would have further touched $38k level before starting another move up side.

If the SEC does not approve a spot bitcoin ETF in January, then it is possible that a correction of up to $38k could occur. So far many people believe that the ETF will be approved soon so that almost all major corrections will not last long because there will be investors buying more. Optimism towards the ETF and its near halving are strong fundamentals to prevent a major correction this December. I don't have $38k in the dictionary this December, but $45k seems more likely. Sure, correction is necessary, but it won't be corrected that much.

[Wiwo]

BTC broke 42200 support
Now the target is 39600

Sometimes I wonder why we use terms like dump when discussing speculating Bitcoin price at some point and this is far from what it suppose to be and we should move away from every form of assumption when we want to make such comments,  although it borders me less because those who make such statements are all newbies and that shows their level of understanding of the term,  as we all know that some of the newbies may have been used to the term dump since their involves so much with shitcoins which have affected their overall mentality.

I am sure no old member will use the word dump on Bitcoin since the fall in price is nothing close to making a conclusive statement,  at most we should see the market drop as a correction point for the next phase of the market and even as the price of bitcoin have made less than 4% down in price,  it did not take long before then Price recovers back and it has touched the 4% uptrend within the last 24 hours,  so that shows that Bitcoin shouldn't be consider as a dumping coin at anytime.

[FinePoine0]

Btc broke 42200 support
Now the target is 39600

Fluctuations in price are normal in cryptocurrency as the price of Bitcoin is already going up and down all the time. Since it is a short bullrun, the price will not last long. But in 2023, Bitcoin price will be between 40K and 45K for now. So Bitcoin price is still at normal level and there will be very little chance of downside.

[peter0425]

Btc broke 42200 support
Now the target is 39600

Fluctuations in price are normal in cryptocurrency as the price of Bitcoin is already going up and down all the time. Since it is a short bullrun, the price will not last long. But in 2023, Bitcoin price will be between 40K and 45K for now. So Bitcoin price is still at normal level and there will be very little chance of downside.

how come you are so sure that we will stay at 40-45k level ? remember that there aer still 10 days left so things may change as strong positioning at 43k is now in the scene , so what could be the possibilities of maintaining that 45k ?
some says it may cross 48k or others says up to 50k is possible .

I personally would like the drop to be 10 dollars, yes, 10 dollars!

If Bitcoin drops to $10 all you have to do is look for a travel company that provides a time machine and then rent it, Whether Laszlo Hanyecz or someone else's.

It would be like taking a trip back in time. And take advantage of the opportunities I missed in the past.

Good joke @criptoevangelista .

That is a dream that will never happen , if bitcoin will fall back to 10 dollars then surely this is the end of cryptocurrency era, bitcoin falling that low means nothing that we can expect so best to leave as well.

[TrustedBitcoiner]

31K target ~60 days time frame.

[adaseb]

31K target ~60 days time frame.

Honestly in 60 days it can either go to $31K if the etfs are rejected or it can go to $50K if they are approved. It’s hard what will happen in the short term though.

During the NY session we got tons and tons of etf news and yesterday we had that bitcoin etf commercial. So it’s hard to be bearish at this time. However you know how it is. All it takes is a rejection of the etf, mt gox coins moving, ust moving, etc and the trend can change.

[Out of mind]

Btc broke 42200 support
Now the target is 39600

The Bitcoin market continued to decline for a short period of time, dropping from $43,000 to around $40,000. But now it has picked up speed again and touched $43 dollars again. We can definitely say that Bitcoin market never stays at the same place again and again, but its price and location changes due to which we can definitely profit from Bitcoin. Since we are in a much better position now than we were before, Bitcoin has the potential to grow even more in the future. Hopefully, 2024 will see the Bitcoin market grow a bit more and see the introduction of new ATH.

[Obim34]

We need to understand something about Bitcoin dropping from $42k down to $39,600k, like why should we consider it a dump according to your topic thread. Since the bull run started Bitcoin has never dumped rather it has become highly more volatile as the price goes up and down consistently even within a blink of an eye.

Currently the price of Bitcoin is higher than $39,600k but still lower than $42k do will still call it dump? No we don't, the market is doing what it does best according to the flow of Demand and Supply. It is left for us to keep accumulating and increasing our portfolio.

[kotajikikox]

31K target ~60 days time frame.

if this is going to happen? then I am ready to buy more lol because 31k is the lowest we can have in our days now as bitcoin will surely never drop below 30k ever again not even there is another Corona Virus 

Btc broke 42200 support
Now the target is 39600

Fluctuations in price are normal in cryptocurrency as the price of Bitcoin is already going up and down all the time. Since it is a short bullrun, the price will not last long. But in 2023, Bitcoin price will be between 40K and 45K for now. So Bitcoin price is still at normal level and there will be very little chance of downside.

nice speculation , what if bitcoin cross above 45k then your prediction will be completely wrong 

[jeraldskie11]

Btc broke 42200 support
Now the target is 39600

I see that there is a small demand in the $39600 level but I couldn't find it to be a confirmation that the price will going to reverse when it broke. We are still in the bullish trend now, and still waiting for a reversal confirmation in 4h/1d time frame. I believe that price would possibly hit the $38k and could be a reversal confirmation if there's a breakdown on that level. But for now, the price is currently increasing possibly takes the buyside liquidity and stays on that weekly supply.

Btc broke 42200 support
Now the target is 39600

Fluctuations in price are normal in cryptocurrency as the price of Bitcoin is already going up and down all the time. Since it is a short bullrun, the price will not last long. But in 2023, Bitcoin price will be between 40K and 45K for now. So Bitcoin price is still at normal level and there will be very little chance of downside.

nice speculation , what if bitcoin cross above 45k then your prediction will be completely wrong 

Since the price is always looking for a liquidity, breaking the $45k level would be very possible but it's quite risky to invest now, it would be better if we wait when the retracement ends before we buy.