Is Bitcoin headed for another crash?

[Republikcoin.com]

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.

Altcoins do not complement Bitcoin because of the many altcoins today, on average they just follow the market flow influenced by Bitcoin. You can see how the condition of most altcoins when Bitcoin starts to rise and also when Bitcoin starts to correct its price in the market where they will also experience the same thing as Bitcoin itself. I will never blame big investors for this because they are also humans who always want profit with the amount of capital they currently have. So for small investors, they must also be wise in making steps in every condition.

[dansus021]

Is Bitcoin headed for another crash? i hope it wont happen since bitcoin reach at the first stage then we should watch and see first, if trump begin said a good thing about crypro then it could go still higher.

But after the all time high a little bit a correction is needed

[justdimin]

Altcoins do not complement Bitcoin because of the many altcoins today, on average they just follow the market flow influenced by Bitcoin. You can see how the condition of most altcoins when Bitcoin starts to rise and also when Bitcoin starts to correct its price in the market where they will also experience the same thing as Bitcoin itself. I will never blame big investors for this because they are also humans who always want profit with the amount of capital they currently have. So for small investors, they must also be wise in making steps in every condition.

Alts following bitcoin is true and people should just invest accordingly, but that's momentum based, not price. So that means, if bitcoin goes up 5%, then it means most coins will go up, of course there could be a few unique cases where a few of them drops, but that is rare, 99% of them goes up with it. The difference is that, just because bitcoin went up 5%, doesn't mean all coins will go up 5%, some will go up 1%, some will go up 10%, it is going to be different.

Also, there are rare cases when the market is stable or just moving small, when a coin ends up dropping or increasing like crazy, like a huge amount, that is just something big happened on that coin and not something in general. So, I am not really considering how this could change anytime soon but that will be the case I am sure of it.

[AprilioMP]

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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.

1 BTC = 1 BTC. This will never change. If in the past 1 Bitcoin was only $100, in 2024 1 Bitcoin is worth $100K.
If in the past to get Pizza you had to hand over a lot of Bitcoin, now 1 Bitcoin can buy a car or build a house depending on where we live.
If the formula is 1 BTC = 1 BTC, what makes you have to think long and hard until you can't sleep soundly.

[STT]

Lower low today which is a fairly certain sign a fight is ongoing even if not so obvious.   We traded below 90k only briefly and a good volume recovery since then, to the extent now we are above the 2 day average so no small thing.   However I expect better proof before the BTC price action can resolve upwards more definitely.

Get past 96k now and I'll believe in this sharp recovery better but also the daily bar today is going to be a doji, a bell rung for indecision so its not yet time to assume BTC has finished sliding sideways.

[arabspaceship123]

I don't know if that's the only track for bitcoin. Let's hope it stays above $90k.

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.

[Lida93]

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?

I have read a lot of different predictions about where bitcoin price could go down to if this or that happens and pretty enough they would always have something convincing to backup their thoughts with but by experience I can't imagine not seeing bitcoin price making corrections after a new ATH must have been met which is why I really dont take all of these predictions very seriously, maybe not for now.

This thread https://bitcointalk.org/index.php?topic=5525670.msg64929732#msg64929732 also tell of an article that analyse bitcoin price to fall to $70k  base on a head and shoulder forming pattern and I am suggesting it wouldn't be anything different from what op have seen on binance.

[mich]

Well no I do not think we will see another crash for price of Bitcoin. Now it is 95k so it is only 13k away from the all time high.
There does look like there alot of strong support for price of 90k. I do not think we will see a price so much lower then the current price of 95k.
But you can stack some cheap stats right now if you have extra fiat. It is what I am doing until price becomes more 'bullish'.

[john_egbert]

Well no I do not think we will see another crash for price of Bitcoin. Now it is 95k so it is only 13k away from the all time high.
There does look like there alot of strong support for price of 90k. I do not think we will see a price so much lower then the current price of 95k.
But you can stack some cheap stats right now if you have extra fiat. It is what I am doing until price becomes more 'bullish'.

The opportunity we have now will be remembered fondly in the months to come.
It always was this way.
A crash, recovery, then a bit of a sideway, and then - new ATH.

[Justbillywitt]

So many analysis going on right now in the bitcoin market, so many self acclaimed bitcoin experts and nay sayers are out there now predicting ans posting things they don't know and ain't sure will happen. Many of them just looking for opportunities to grow their channels and looking followers, people they will deceive to sell their bitcoin out of panic and fear. Even if bitcoin will crash to any price that they are speculating, it won't be the first time that such a thing will happen. So what's the essence of putting yourself under pressure. Take your eyes off those bitcoin experts channels channels so you don't have blood pressure. At times like this it's just best to focus on other things and give bitcoin time to recover. If you have money make good use of the discount that's already in the market.

[ManOfSteel2412]

So many analysis going on right now in the bitcoin market, so many self acclaimed bitcoin experts and nay sayers are out there now predicting ans posting things they don't know and ain't sure will happen. Many of them just looking for opportunities to grow their channels and looking followers, people they will deceive to sell their bitcoin out of panic and fear. Even if bitcoin will crash to any price that they are speculating, it won't be the first time that such a thing will happen. So what's the essence of putting yourself under pressure. Take your eyes off those bitcoin experts channels channels so you don't have blood pressure. At times like this it's just best to focus on other things and give bitcoin time to recover. If you have money make good use of the discount that's already in the market.

In as much as there are a lot of bitcoin naysayers and wrong analysis from self-acclaimed experts, you won't also ignore the warnings and experience of these guys. Due to past experiences they can predict either a crash or a rise hence they should not be completely ignored.

[Dave1]

So many analysis going on right now in the bitcoin market, so many self acclaimed bitcoin experts and nay sayers are out there now predicting ans posting things they don't know and ain't sure will happen. Many of them just looking for opportunities to grow their channels and looking followers, people they will deceive to sell their bitcoin out of panic and fear. Even if bitcoin will crash to any price that they are speculating, it won't be the first time that such a thing will happen. So what's the essence of putting yourself under pressure. Take your eyes off those bitcoin experts channels channels so you don't have blood pressure. At times like this it's just best to focus on other things and give bitcoin time to recover. If you have money make good use of the discount that's already in the market.

In as much as there are a lot of bitcoin naysayers and wrong analysis from self-acclaimed experts, you won't also ignore the warnings and experience of these guys. Due to past experiences they can predict either a crash or a rise hence they should not be completely ignored.

Just take everything with a grain of salt, I mean there are this so called experts here because of their experience, but still it's going to be a hit or miss predictions and as we all know, it's very hard to see where the future goes for Bitcoin, as there are a lot of factors to make a prediction and most of the time this factors are going to be skewed making your predictions invalidated.

With that, and just like educated investors, buy in the dip in the mantra. There's nothing wrong with purchasing when the price or the market is bleeding.

And it feels good if we can take advantage of that situation.

[tygeade]

So many analysis going on right now in the bitcoin market, so many self acclaimed bitcoin experts and nay sayers are out there now predicting ans posting things they don't know and ain't sure will happen. Many of them just looking for opportunities to grow their channels and looking followers, people they will deceive to sell their bitcoin out of panic and fear. Even if bitcoin will crash to any price that they are speculating, it won't be the first time that such a thing will happen. So what's the essence of putting yourself under pressure. Take your eyes off those bitcoin experts channels channels so you don't have blood pressure. At times like this it's just best to focus on other things and give bitcoin time to recover. If you have money make good use of the discount that's already in the market.

Yes, there isn't a single person who actually "knows" what's going to happen, they just all make up something and they all hope that people would follow them, and they get famous for being right.

The reality is that we are lucky to be bale to do our own research and we should continue to do that, we could make more money that way, if you just stuck with other peoples opinions then you are not going to make any money at all, it will not be a good return and I would suggest staying away from that. Obviously there are some good decent ones that give good advice, but trying to find those out isn't really easy and I would say most people lose a lot of money by caring about what others are saying as well.

[STT]

94k is the new price Im watching for whether BTC is fully bullish or not.   At present it seems there is no reason to doubt we will resume upwards sooner or later.   If I take the August low and the ATH and get the Fibonnaci levels between those extremes it gives 94k as the first retracement.   We remain above that measure so real reason for negativity imo.



Closing weekly bars, we have recovered above this measure almost always so I have to take BTC as fighting fit right now even when challenged intra week.

tldr; dont sweat the small stuff

[taufik123]

Well no I do not think we will see another crash for price of Bitcoin. Now it is 95k so it is only 13k away from the all time high.
There does look like there alot of strong support for price of 90k. I do not think we will see a price so much lower then the current price of 95k.
But you can stack some cheap stats right now if you have extra fiat. It is what I am doing until price becomes more 'bullish'.

Strong support at $90k-$95k is indeed a difficult support to break and it is a perfect reversal point.
And see now how the price of Bitcoin started to reverse direction when it touched that low, Bitcoin was able to turn things around and try to break through the top resistance slowly.



This is also supported by a very bullish market sentiment when Trump will be inaugurated soon, and it will be a surprising price peak,
of course, We will see a new ATH achieved again by Bitcoin, and this is a new history for Bitcoin.

[Ever-young]

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 actually did go below $90k down to $89k+, but we did not see the price drop down below $80k down to $71k as predicted. All this is just speculation and prediction, which we should treat as such.
 
Sometimes it happens as predicted based on the factors fuelling such speculation, but this time around we are already on $104k, and with Trump's inauguration fast approaching, I think the market will still be on the positive side for the main time, and even if it doesn’t, the price can only drop but won’t drop up to the extent that it will be considered a crash as they title it.

[Sebas.tian]

Is Bitcoin headed for another crash? i hope it wont happen since bitcoin reach at the first stage then we should watch and see first, if trump begin said a good thing about crypro then it could go still higher.

But after the all time high a little bit a correction is needed

Anything can still happen for the price of Bitcoin to continue to increase or to start decreasing for those expecting low price in the market to use the opportunity to accumulate Bitcoin, because the bullish season has taken a long term in the market. I know Donald Trump will going to say something good about Bitcoin in his inauguration day, because he use cryptocurrency and Bitcoin to campaign during the campaign which is the reason many Bitcoiners supported him to win the election. Even though he say good thing about Bitcoin or not, there will surely be bearish season soon which I will advice some investors and traders to get ready for bearish season that will happen soon, well is just a prediction from me.

[retreat]

When Bitcoin is bullish like it is now, there will be many so-called expert analysts coming out and predicting that Bitcoin will crash according to their calculations. If I were to say that these analysts are just people who want to get exposure from the Bitcoin trend and make predictions just to boost their name if their predictions are successful. And I myself don't care about what they say, whether they say that the price of Bitcoin will drop to $71k, $80k, or deeper than that, that's it, it's not the first time Bitcoin has dropped like that, moreover the chances of Bitcoin dropping badly like that are uncertain, and I feel that it won't happen.

[JeffBrad12]

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?

I don't think so, as of writing this right now, BTC has been recovering, mainly due to trump inauguration I guess where it priced the price before the inauguration, causes the significant bounce from $90k all the way to $108k, but I don't think there will be another crash, I see BTC foundation as more solid than ever, more and more investor coming whether the active one or passive one.

though can't deny such crash to be possible, seeing from the technical analysis and the liquidation heatmap the chance for BTC to chase the liquidity at sub 90k is definitely there

[arabspaceship123]

They don't know when it's going to crash. Analysts won't stop predicting because it's their job but ppl don't care about them.

When Bitcoin is bullish like it is now, there will be many so-called expert analysts coming out and predicting that Bitcoin will crash according to their calculations. If I were to say that these analysts are just people who want to get exposure from the Bitcoin trend and make predictions just to boost their name if their predictions are successful. And I myself don't care about what they say, whether they say that the price of Bitcoin will drop to $71k, $80k, or deeper than that, that's it, it's not the first time Bitcoin has dropped like that, moreover the chances of Bitcoin dropping badly like that are uncertain, and I feel that it won't happen.