Is Bitcoin headed for another crash?

[Gooner0]

I just saw this news on Binance this morning, and truly for the past few days Bitcoin seems to be depreciating.
On Jan 8 Bitcoin experienced it second-steepest daily decline which has now further lead to market uncertainties.
And according to Binance if Bitcoin closes below $90,000 on the daily chart, analyst warns of a deeper crash . And a confirmed inverse head-and-shoulders pattern could lead to a further 20% drop potentially targeting $71,500.
What are your take on this?

[Questat]

You mean CZ? well, that’s nothing new, because usually, when Bitcoin hits a new ATH, it’s followed by a correction, and historically, it’s often a deep one. So, it’s not surprising at all.

If you believe that will happen (and you trust CZ), you can convert your holdings into stablecoins to protect them from the dip. if you’re in it for the long term, you already know Bitcoin’s price will eventually bounce back. It’s like a cycle.. it goes down, but it always climbs back up again.

[Eternad]

I just saw this news on Binance this morning, and truly for the past few days Bitcoin seems to be depreciating.
On Jan 8 Bitcoin experienced it second-steepest daily decline which has now further lead to market uncertainties.
And according to Binance if Bitcoin closes below $90,000 on the daily chart, analyst warns of a deeper crash . And a confirmed inverse head-and-shoulders pattern could lead to a further 20% drop potentially targeting $71,500.
What are your take on this?

There’s a possibility for that to happened if we consider technical analysis. All that you mentioned is correct analysis if we view the chart on daily basis. Bitcoin is still doesn’t close below 90K which is the one holding the price to avoid correction but there’s really a high chance for steeper dip when the price close below 90K.

However, Bitcoin doesn’t any sign of negativity when it comes to fundamental analysis which means the price sentiment is pure from the manipulation of technical analysis predictions.

In conclusion, we can expect the worst but it’s just a possibility and not certain unless there will be a FUD on Bitcoin.

[Woodie]

It's easy to say Bitcoin is depreciating because of the stumble we have witnessed but as it stands, markets need to dip before going up as the catapult effect needs to build momentum before it soars!

FYI, these are also market manipulation tactics that happen which entice weak hands to sell and allows the whales to buy them off...remember we don't have so many coins to go around from the less than 21 million
BTCs ...so whatever tactics shakes the weak hands off will work for sure.

[Oshosondy]

It was around $80000 that bitcoin will fall to that some analysts posted. Later I saw someone posted $75000 or so on this forum yesterday but now another person posted $71500.

And a confirmed inverse head-and-shoulders pattern could lead to a further 20% drop potentially targeting $71,500.
What are your take on this?

I will say you should not believe those analysts all the time. If bitcoin price starts to increase, their analyses will be bullish and opposite to what they are saying now. As they predicted bitcoin will fall below $90000, bitcoin still do not fall below the price.

[Botnake]

Shall we just consider it as FUD?

Maybe people aren’t as scared of Bitcoin dumping anymore because they know it will eventually bounce back. Just like in the past, Bitcoin dumps, but it always finds a way to start pumping again, eventually breaking its previous ATH. So, even if Binance predicted it, there’s really no difference compared to before. Honestly, even if Bitcoin dumps to $50k, people’s confidence to invest will still remain high.

[JeffBrad12]

people are afraid the US selling their BTC holding because that's whooping 6.5 billion and it could affect the market, also the fud about blackrock selling even though they aren't really selling.
so much FUD going on right now, i'm sure it's obvious fud to decrease the price so some people can buy at low, regardless still a fud, maybe price gonna go down a bit then will resume the bullrun.

[aoluain]

These threads pop up as much as Bitcoin "crashes".

ATM Bitcoin is valued at ~$94k from an ATH of $108k of course there is talk and
scare mongering about a big crash. If you have a short term outlook on Bitcoin
you need to take action, if you have a long term outlook - sit back and enjoy the
show . Anyone around here for at least a year will not in any way be panicking about
what the market is doing or possibly going to do because its happened hundreds
of times before.

Bitcoin hasnt gone from $0.01c to $100,000 without surges or crashes and its
not going to $1,000,000 without them either.

[Marvell1]

It was around $80000 that bitcoin will fall to that some analysts posted. Later I saw someone posted $75000 or so on this forum yesterday but now another person posted $71500.

And a confirmed inverse head-and-shoulders pattern could lead to a further 20% drop potentially targeting $71,500.
What are your take on this?

I will say you should not believe those analysts all the time. If bitcoin price starts to increase, their analyses will be bullish and opposite to what they are saying now. As they predicted bitcoin will fall below $90000, bitcoin still do not fall below the price.

Basically no one can predict how bitcoin price will move, it is all just prediction and we can refer to it but don't trust it too much. I have said this before, when bitcoin starts to correct there will be thousands of predictions, opinions that bitcoin will continue to drop much more. But just one spike and all bearish predictions are erased and thousands of bullish predictions appear. Likewise, if bitcoin suddenly spikes and hits $99k again, there will be dozens of predictions about bitcoin breaking a new ATH and bearish predictions of $80k or $75k will disappear.

Bitcoin is unpredictable and crowd psychology will change and follow Bitcoin, not Bitcoin following crowd expectations.

[Apocollapse]

Bitcoin is just recover now, the price almost hit $95K, where's the crash?

The 10% drop in 2-3 days isn't really big, it's normal in Bitcoin, IIRC there was a dump like 20% in 24 hours, this one is exactly the real dump since the price fall sharp. Bitcoin price will stay around $90K-$100K in this year, it's not gonna be easy to dump Bitcoin when this year is bullish season.

[TravelMug]

I just saw this news on Binance this morning, and truly for the past few days Bitcoin seems to be depreciating.
On Jan 8 Bitcoin experienced it second-steepest daily decline which has now further lead to market uncertainties.
And according to Binance if Bitcoin closes below $90,000 on the daily chart, analyst warns of a deeper crash . And a confirmed inverse head-and-shoulders pattern could lead to a further 20% drop potentially targeting $71,500.
What are your take on this?

So far the market has bounce back to $94k and I wouldn't be surprised if this is the start of somewhat of a good recovery. It's good that they gave us warning, but then again, if you look at the market, we are still in the bullish sentiments so for me I don't see a steep 20% drop to below $90k'ish.

And remember that we still have some aces left in our sleeves, like Trump being sworn in as the next US president. This is going to be very bullish for us in the next 10 days or so and with that, I'm seeing another rebound if we can just hold on the $94k as our support and come January 20th, we might see the price going to 6 digits again.

[Republikcoin.com]

I just saw this news on Binance this morning, and truly for the past few days Bitcoin seems to be depreciating.
On Jan 8 Bitcoin experienced it second-steepest daily decline which has now further lead to market uncertainties.
And according to Binance if Bitcoin closes below $90,000 on the daily chart, analyst warns of a deeper crash . And a confirmed inverse head-and-shoulders pattern could lead to a further 20% drop potentially targeting $71,500.
What are your take on this?

The lowest price that Bitcoin has reached through a correction in the last two days was $91K and now it has gone back up to $95K again, so at this point I don't think Bitcoin is going to correct quite as deeply as you are saying. We all need to be wary of what these analysts are saying, but that doesn't mean we should be afraid of what they are saying because some people would be more than happy to welcome it if it actually happened because they could just buy Bitcoin at a much lower price than the current price.

[fikrett]

Bitcoin is just recover now, the price almost hit $95K, where's the crash?

The 10% drop in 2-3 days isn't really big, it's normal in Bitcoin, IIRC there was a dump like 20% in 24 hours, this one is exactly the real dump since the price fall sharp. Bitcoin price will stay around $90K-$100K in this year, it's not gonna be easy to dump Bitcoin when this year is bullish season.

The stories of the BTC coins from the Silk Road spike things up - it's natural for people to think about it that way. However, I do agree.
A correction was there already (15% or so in a week), and it can happen again. No worries about it, though, because there is much of the bullish sentiment to come in 2025.

[jcojci]

No need to worry if there is a drop for Bitcoin price because that is the good time for us to accumulate more Bitcoin. The price now is at $94k and higher than yesterday so we can expect that in the next week could be a good time to rise. But if in the next week the price gets a correction for more, that will not be a problem for us.

We can buy back at a low price and hold as usual and waiting for the high price to sell. If analyst warns of a deeper crash, we should not worry or afraid but we should search for the chance to buy back.

I am sure that Bitcoin investor will use that time to keeps buying Bitcoin because they will not see that low price in the future unless the bear market come. I will prepare some money to buy Bitcoin if the crash coming so I will not miss that moment to accumulate more Bitcoin.

[john_egbert]

These threads pop up as much as Bitcoin "crashes".

ATM Bitcoin is valued at ~$94k from an ATH of $108k of course there is talk and
scare mongering about a big crash. If you have a short term outlook on Bitcoin
you need to take action, if you have a long term outlook - sit back and enjoy the
show . Anyone around here for at least a year will not in any way be panicking about
what the market is doing or possibly going to do because its happened hundreds
of times before.

Bitcoin hasnt gone from $0.01c to $100,000 without surges or crashes and its
not going to $1,000,000 without them either.

Golden words.
Simply put - if you know - you act accordingly.
Or you relax to your fullest during everybody new panicking.
 

[Aanuoluwatofunmi]

I just saw this news on Binance this morning, and truly for the past few days Bitcoin seems to be depreciating.
On Jan 8 Bitcoin experienced it second-steepest daily decline which has now further lead to market uncertainties.
And according to Binance if Bitcoin closes below $90,000 on the daily chart, analyst warns of a deeper crash . And a confirmed inverse head-and-shoulders pattern could lead to a further 20% drop potentially targeting $71,500.
What are your take on this?

Should we be talking about retracement now, correction of the bitcoin market price and the various seasons in considerations, the little dip we are having is not a show that we are already off the season, maybe we should instead be talking more about the market price for bullrun continuation instead of resentment, for now, we may be seeing it revolving around $90,000 and we cant concluded yet, we only need a more broader speculations for clarity towards the market direction, but i doubt we are in  for bear now, rather the bullrun may continues with the kind of pattern its making.

[EL MOHA]

I just saw this news on Binance this morning, and truly for the past few days Bitcoin seems to be depreciating.
On Jan 8 Bitcoin experienced it second-steepest daily decline which has now further lead to market uncertainties.
And according to Binance if Bitcoin closes below $90,000 on the daily chart, analyst warns of a deeper crash . And a confirmed inverse head-and-shoulders pattern could lead to a further 20% drop potentially targeting $71,500.
What are your take on this?

This is simply the result of a technical analysis, binance are using the support and resistance strategy combine with the Shoulder Head Shoulder strategy which yes if bitcoin breaks the support which is at $91k or so and it has been holding strong for a long time now, so a break below it will definitely spike a dump and according to the shoulder head shoulder analysts it is usually in the same percentage as the move from neckline to the head, which is more than 15%

For me do I see this happening I will simply say for now NO because the support at that $91k seems a very strong one and you can see with that immediate bounce off it after every dump to their. But still I think it wouldn’t continue to hold on for so much longer if we don’t break $100k resistance anytime soon and push up continuous rejection of this resistance zone without any positive signs of pump might break this support

[OgNasty]

Seems like we just had a crash, no? From $108K to $91K is a pretty big move. Have we seen the worst of it? Anybody’s guess. There is still lots of positive news on the way and tidal waves of money headed to the market, so I personally believe the high for 2025 isn’t in yet. People are being tested right now though.

[MainIbem]

I just saw this news on Binance this morning, and truly for the past few days Bitcoin seems to be depreciating.
On Jan 8 Bitcoin experienced it second-steepest daily decline which has now further lead to market uncertainties.
And according to Binance if Bitcoin closes below $90,000 on the daily chart, analyst warns of a deeper crash . And a confirmed inverse head-and-shoulders pattern could lead to a further 20% drop potentially targeting $71,500.
What are your take on this?

There’s a possibility for that to happened if we consider technical analysis. All that you mentioned is correct analysis if we view the chart on daily basis. Bitcoin is still doesn’t close below 90K which is the one holding the price to avoid correction but there’s really a high chance for steeper dip when the price close below 90K.

However, Bitcoin doesn’t any sign of negativity when it comes to fundamental analysis which means the price sentiment is pure from the manipulation of technical analysis predictions.

In conclusion, we can expect the worst but it’s just a possibility and not certain unless there will be a FUD on Bitcoin.

I've seen talks about more dips and massive crash in price, Bitcoin droping below $80k, some are even saying it would drop below, $30k and so on and forth, well anyone can believe in whatever analysis or upcoming trend of Bitcoin  but im on the ground that Bitcoin is still billish and chances of experiecing a dip soon is not very high compared to how bullish Bitcoin would be in this 1st quater of the year. I still think that from $108k ATH to this current price points is an opportunity to acquire more at cheaper rate, it doesn't call for a panic and if it further gives more opportunities, investors should take advantage of it and top up their portfolio, it's times like these that makes people sale at lose, you'll see many panic sale, yes there would be market manipulations but it just needs positive news to trigger a massive bull run and the upcoming inauguration of the president elect of the U.S is enough for that to occur, let's be patient and see how the upcoming days would turn out, anyways every investor should take advantage of this correction stage, cause there's better days ahead.

[Coyster]

People can predict one way or the other, it is basically their own guess, calling them "experts" or "analysts" makes no difference, nobody can guarantee how the market is going to move next. I'm pretty sure the fall in price must have scared a lot of people, it is normal, but i don't think there is anything to be worried about, this year has a lot of good things ahead for bitcoin and we have not started yet.