Is Bitcoin headed for another crash?

[ajiz138]

Heading for destruction?? No buddy bitcoin has not fallen below $90K we don't need to worry about this FUD.

Bitcoin will definitely bounce.
Because this year is not bad for the bitcoin market and FUD I know some government agencies will sell their assets that's what causes FUD.
Including Blackrock who according to Arkham they are not buying but selling, of course this FUD creates a big panic.

[STT]

The last 3 days count as the first decline in the 50 days average for some time, I think it was possibly October or September that last occurred and maybe all the way back to August where BTC price action has been trading below that average and staying there.   

So its definitely a certain kind of pullback, but its not one I would label as a crash because its been over some time not a spike action like a crash would normally act.   A pullback doesnt turn into a crash, if anything its oppisite as it relieves some pressure to sell by being so predictable.

   Right now BTC is trading above the 2 day average and rose from some support.  If we lose 92k or move out of the 90ks then come it might move more quickly and 87k is 50% retrace of the gains since Nov I think.

[Gooner0]

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.

I definitely agree that people are being tested right now, I've Got high hopes for Bitcoin this year.
Couple with fact that some countries are more likely to be drawn into Bitcoin, making a strategic Bitcoin reserve. Things like this are signs of the greater goods ahead.

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.

hope for the best , expect the worse is all I can say in this situation right now.
Honestly I don't wish for a possibility of Bitcoin crashing.

[moderator's note: consecutive posts merged]

[Pi-network314159]

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.

I have equally seen the price of Bitcoin decline from $100k
Down to $93k this week.  And it may be that Bitcoin will dip more but not sure if it will deep below $90k. Although the market have started recovering or taking back its corse so I believe we may not fall below $90k anytime soon.

And according to Binance if Bitcoin closes below $90,000 on the daily chart, analyst warns of a deeper crash .

Well I don't know how true this is but I know everything remains speculation meaning that it may or may not but if it happens that it fall below $90k then it's a good burying point to accumulate through the dip strategy.

[Ultegra134]

Bitcoin surpassed $108,000 just a few weeks ago and people are already discussing the possibility of a crash, just because it temporarely dipped at $90,000. It's already on the road to recovery, up to $95,000. People are already forgetting that less than 6 months ago, its price was below $60,000. That's almost double in half a year. Which investment is going to yield such a performance in such a short time frame? Yet, people are still talking about normal price fluctuations and spreading FUD on the slightest drop in price.

[Issa56]

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?

Bitcoin price dropping is something we should be used to already, we don’t just expect bitcoin price to be pumping without depreciating, we are definitely going to see a correction, so bitcoin price dropping shouldn’t be what we should be scared about. When bitcoin price was pumping, everywhere was silent, and everyone was happy, now that bitcoin price is dropping, everyone has started doing their analysis.

Anyone holding bitcoin for a long time shouldn’t be disturbed by the current dump in the market, all we should do is just to keep on holding, and if we have extra funds, then we should buy at a cheaper price. With time, bitcoin price is going to bounce back. I have been in the crypto space for some time and have seen how bitcoin has been growing, so no matter how the price drops, I am always so confident that it’s going to bounce back.

[arabspaceship123]

Binance doesn't know what's going to happen. It's $94k now so it doesn't mean it's a crash or it's going to happen at $90k. I've stopped believing analysts because they're wrong most of the time.

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?

[jossiel]

That is basically saying that if Bitcoin goes below $90k then it would go below and way deeper.

But, if Bitcoin goes back to $100k and then, that only means that we're on a bullish pattern and can get more of the pricing that everyone loves to see on this bull run.

Yet, people are still talking about normal price fluctuations and spreading FUD on the slightest drop in price.

They will never understand that, this is always a normal day in the market.

[el kaka22]

Eventually? I mean it's 94k already so it bounced back up a bit and I highly doubt that it would get to a different level at all. It looks like we are seeing something that is quite normal and not really that complicated at all. I am sure that we are going to end up with a better result with time, so we just need to wait it out.

We are definitely on the bull run, so it is not a big deal and we need to do better with out bull run, just because we saw some correction doesn't mean that we are not on a bull run. I believe we can definitely see this moving upwards and could go as high as above 150k so I do not think that a crash to 71k levels will happen anytime soon. But if you are asking eventually? That may happen, just not right now like OP mentions, that's not going to happen.

[Rampagoe004]

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 week Bitcoin has experienced several corrections with declines which have made the market price uncertain as well as several altcoins following sharp declines. There is a possibility that there will be a depression in Botcoin prices in 2025. I am not an expert but every time I look at the graph the current technique is very doubtful that bitcoin will reach a new ATH.
Bitcoin has not shown a negative side this is just the sentiment and predictions of some analysis now the price of bitcoin also has not closed at $90k we hope this year will be better on Bitcoin I am sure bitcoin will not go down in price This price correction is a common thing that occurs before Bitcoin reaches its highest price.

[Ultegra134]

This week Bitcoin has experienced several corrections with declines which have made the market price uncertain as well as several altcoins following sharp declines. There is a possibility that there will be a depression in Botcoin prices in 2025. I am not an expert but every time I look at the graph the current technique is very doubtful that bitcoin will reach a new ATH.
Bitcoin has not shown a negative side this is just the sentiment and predictions of some analysis now the price of bitcoin also has not closed at $90k we hope this year will be better on Bitcoin I am sure bitcoin will not go down in price This price correction is a common thing that occurs before Bitcoin reaches its highest price.

No one is claiming to be an expert here, but you've probably noticed yourself, whenever Bitcoin drops in price, similar threads start popping up like mushrooms asking whether Bitcoin is headed for another crash. I understand that people are worried about their money, but if you can't afford seeing Bitcoin drop from $105,000 to $90,000 and you start panicking, maybe it's not for you. If we observe its pattern, we'll see that 2025 is the fourth year of the cycle, thus, statistically speaking, this will also be a bullish year, and we should expect a major bear market in 2026, which will be the end of the bullish, "green" cycle.

[MainIbem]

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.

I still stand on the ground that Bitcoin is still bullish, yes it might be going through some little correction phase, but the next wave is going to be massive and the best approach like i stated is to take advantage of the opportunity the market is offering, buying at 94k or below if it's goes down further is a good opportunity against the next bullrun. Like you said, there's still lots of positive news upfront which is enough reason to do the needful (keep accumulating at cheaper rate). Yes, this is a test of discipline to lots of investors and only those who are patient and do not allow themselves to be pushed by the negative trend of the current market into selling even the slightest portion of their holdings would be on the benefitting side when the big bull comes, this is a good time to feast on the opportunity the market offers, i expect lots of investor to be agressive with accumulation this period.

[pooya87]

That's normal behavior that each time bitcoin doesn't rise and set a new ATH every week, people start expecting it to crash for no reason! Although the logic behind their arguments make absolutely no sense but it is weirdly normal behavior in bitcoin market. People usually expect bitcoin to constantly rise and when it doesn't meet their expectations, they panic and start selling.

Will it crash? Unlikely but it is unpredictable. And it won't be because of the current price of some "if" like the one in OP (cross below $90k then it must crash more!!!!) but it will be because people panic sold.

[simonnn]

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 week Bitcoin has experienced several corrections with declines which have made the market price uncertain as well as several altcoins following sharp declines. There is a possibility that there will be a depression in Botcoin prices in 2025. I am not an expert but every time I look at the graph the current technique is very doubtful that bitcoin will reach a new ATH.
Bitcoin has not shown a negative side this is just the sentiment and predictions of some analysis now the price of bitcoin also has not closed at $90k we hope this year will be better on Bitcoin I am sure bitcoin will not go down in price This price correction is a common thing that occurs before Bitcoin reaches its highest price.

Bitcoin price correction is being driven by large investors manipulating the market, which affects small investors and short-term trading is risky. You can expect Bitcoin price to fall further this week, which will continue until the middle of the month. Altcoins are complementary to Bitcoin, which seems crazy considering the recent graph situation. ATH will be reached by the end of this month, which is definitely for Bitcoin. It is important for small investors like us to hold on until Bitcoin reaches its highest price.

[stadus]

If that’s what the so-called experts are saying, then maybe they’re right --

Honestly, I’m not worried. I’ve seen Bitcoin crash so many times before that it’s just become normal to me. I think other investors feel the same - it’s nothing new. Even if Bitcoin drops to $60k, I believe it’ll just encourage more investors to accumulate.

So if it’s a crash, then so be it. One thing is certain: it’s just a temporary correction, and as always, Bitcoin will eventually bounce back. Get ready when it does, because it might just hit a new all-time high again.

[Kelward]

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.

This should be the positive mindset of everybody that has the correct knowledge of how Bitcoin works and the solid reputation that it has built. I've personally chosen not to worry about dips, it's a normal thing because eventually there'll be price correction and rallying will follow. Worries about dip are basically for people that wants to sale on the short term but if you're holding on the long term, then short term speculations shouldn't be your worries. If you believe in the potentials of Bitcoin that it'll always rise and hit new ATH on the long run you wouldn't worry about dip speculations

[AprilioMP]

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 view is too short if you see Bitcoin to destruction because many parties have realized how Bitcoin is a good choice in saving value to Fiat in the future.
For binance, it could be experienced there.
It is not suitable to see the price decline as a benchmark to say bitcoin to destruction because the decline is an event that is always there in every market condition. Instead of discussing destruction, don't forget the volatility of market prices.

[Futurexxx]

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 view is too short if you see Bitcoin to destruction because many parties have realized how Bitcoin is a good choice in saving value to Fiat in the future.
For binance, it could be experienced there.
It is not suitable to see the price decline as a benchmark to say bitcoin to destruction because the decline is an event that is always there in every market condition. Instead of discussing destruction, don't forget the volatility of market prices.

On hearing a news like this, ,I actually can't lose my sleep over this because it's now part of the norms in the crypto industry, where one of the top dogs in the business will just wake up an predict what so ever due to the fact that it's not going as expected, so I certainly can't lose my sleep over this.
Then on the overall outlook of Bitcoin, I believe that it has retrace more than enough, so it's more likely to continue it upward momentum than going back as far as $71k., unless something tragic happens to Bitcoin, apart from that, I see no reason why Bitcoin will fall so much considering how trustworthy most investors has in it.

[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.

This should be the positive mindset of everybody that has the correct knowledge of how Bitcoin works and the solid reputation that it has built. I've personally chosen not to worry about dips, it's a normal thing because eventually there'll be price correction and rallying will follow. Worries about dip are basically for people that wants to sale on the short term but if you're holding on the long term, then short term speculations shouldn't be your worries. If you believe in the potentials of Bitcoin that it'll always rise and hit new ATH on the long run you wouldn't worry about dip speculations

That seems to be the definition of a healthy market, one where dumps and pumps happen, which is normal for Bitcoin. We can draw conclusions if we still see a crash, despite speculation that the market might become less volatile due to institutional investors supposedly stabilizing it.

However, if dumps still occur, that’s actually a good thing. It gives us another chance to profit when people panic. In a way, it’s like benefiting from their lack of knowledge or understanding of the market because they react emotionally.

[Kemarit]

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.

There are still who thinks that we might be heading for a big crash, to even lower that $80,000, as I read that it could be the same as 2021 January. But I do agree, it's pretty much a big correction already from the last all time high to as low as $92,000, although the market seems to be green already and go as high as $95,000.

So we are still not yet out, and even if Trump will be in the office in the next nine days, there are still some speculators who think that the market is heading for another crash before we could go and have that parabolic rise.

In any case, still good for us, just buy and take advantage of every dip.