Bitcoin is overdue for a dump

[Virtualsnipe13]

One reason why I said Bitcoin is overdue for a dump is cause yearly market open just started and last year candle left so many unfilled fvg for me personally I would still like to see more dump if bitcoin price for this month probably this month cancle close we would get a proper PA of how next month is going to be, if we lose $90k then $85k should be printed on the chart

[pooya87]

Everyone wishes to buy bitcoin at a discount but we rarely get our wishes.

These days the market doesn't seem to want to start the bullish trend, maybe people are still on holiday at least mentally
But $90k seems to be a strong resistance for now so I wouldn't hold my breath for any lower level prices...

[Ziskinberg]

I’ve read a lot of analyses as well predicting that Bitcoin might dump soon, probably after it reaches a new ATH. The reasoning is that there won’t be as much hype since almost everyone already knows what the upcoming big news now. not much to anticipate...

Historically, every time Bitcoin hits an ATH, a correction usually follows. It’s something that could happen soon, and we really shouldn’t be surprised when it does. The key is to stay prepared and make the most of the opportunities during those corrections.

from this analysis, it could dump as low as  $73,000.

https://www.marketwatch.com/story/bitcoin-may-fall-20-to-73-000-if-it-breaks-below-this-key-support-level-a2242f1d

Bitcoin may face a downside potential to $73,000 if it breaks below its support level at around $90,680, according to Kim Kramer Larsson, an analyst at Saxo Bank.

The largest cryptocurrency by market capitalization
BTCUSD

-0.60%
 has fallen 3.9% over the past five days while it is up 2.6% on Friday to trade at around $94,061, according to the Dow Jones Market Data. The crypto is roughly 13.2% away from its record high at $108,309, reached on Dec. 17.

[Eternad]

Everyone wishes to buy bitcoin at a discount but we rarely get our wishes.

These days the market doesn't seem to want to start the bullish trend, maybe people are still on holiday at least mentally
But $90k seems to be a strong resistance for now so I wouldn't hold my breath for any lower level prices...

That 90K resistance is indeed very strong! The price bouncing back strong above 100K whenever the price reach at that level meaning there’s a lot of pending orders at the price possibly a high leverage position that’s why the price is insanely pumping when that resistance reach.

I will not be surprised if there’s a lot of liquidation for longs in case the price goes dip below 90K as the sell pressure eat their buy order.

I want to acquire more below 90K preferably @60K level.

[mindrust]

Be careful what you wish for.

Everybody is a hero wishing btc to dump so they can buy when btc is at its ATH but nobody is around to buy it when btc actually dumps.

People say I wish btc was 80k, I wish it was $50k so I could buy etc and when btc really hits those prices, then suddenly change their mind.

Just allocate a fixed weekly or monthly usd to buy btc and in a few years you will make serious profits. Btc will dump? Btc will pump? The DCA-dude doesn’t care.

[Distinctin]

I hope it does dump so we can accumulate more. As long as the market remains volatile, what happened in the past can still happen again. The hype isn’t the same as when Bitcoin first hit its new ATH last year.

Even in the altcoin market, people used to talk about an "altcoin season," but when Bitcoin became stagnant, it seemed to neutralize the market. The excitement has toned down, but that might be the perfect chance for long-term investors to stack up.

[MusaMohamed]

One reason why I said Bitcoin is overdue for a dump is cause yearly market open just started and last year candle left so many unfilled fvg for me personally I would still like to see more dump if bitcoin price for this month probably this month cancle close we would get a proper PA of how next month is going to be, if we lose $90k then $85k should be printed on the chart

Then if price falls to $85k, will you predict a next price to $80k or $70k?

It's normal action in the crowd in both bear market and bull market. Firstly, let's talk about bull market, corrections are chance to buy dips and accumulate more. Secondly, in bear market, people are more fearful with dips and they change their bottom price prediction lower and lower and lower, then price bottom out and they miss bottom price range.

[Ndabagi01]

One reason why I said Bitcoin is overdue for a dump is cause yearly market open just started and last year candle left so many unfilled fvg for me personally I would still like to see more dump if bitcoin price for this month probably this month cancle close we would get a proper PA of how next month is going to be, if we lose $90k then $85k should be printed on the chart

One month gone now since bitcoin reached the current All Time High, and since then, the market has been consolidating and it’s yet to break out the $90K support level as the price continues to get rejected once it gets to that point. In my opinion, if the market is unable to break such support level and continues to bounce back with another bullish pump, tendency are that the bullish sentiment is still very strong and active and we may see a break out of the ATH this year and record a new all time high.

Buying low and selling high is very risky during the bull season as it has already kicked off. Some retracement are for the market to gain momentum to break a resistance level, but some see it as a time for the bearish market and sell early. In whatever condition the market may be, make sure to stick to your take profits zone and partial profits zone in order not to miss out of profits accumulated because of the indecisive nature of the market.

[Justbillywitt]

I hope it does dump so we can accumulate more. As long as the market remains volatile, what happened in the past can still happen again. The hype isn’t the same as when Bitcoin first hit its new ATH last year.

As if this level of dump that's already in the market is not enough. You can't just be waiting for more dumping while you're not taking advantage of the dump that's already in the market presently. What if this is the level of dump that the market is going to experience before it picks up? You never can tell if there is going to be further dumping. You don't wait to buy, rather you buy and wait. There is big event coming up in the next few days, so I don't think many people will be selling their bitcoins. So if you are expecting further dumping below the $90k region it's going to take a little longer before that is going to happen. But within this month I don't think that's going to happen. The market was already recovering, before this dump happened. So expect the market to pick up from here instead of further dumping.

[Reatim]

Historically, every time Bitcoin hits an ATH, a correction usually follows. It’s something that could happen soon, and we really shouldn’t be surprised when it does. The key is to stay prepared and make the most of the opportunities during those corrections.

from this analysis, it could dump as low as  $73,000.

i don’t think it’s going to go down that low anymore however if it does i would be a very happy man as i would make sure to make the most out of this for people who feel anxious about this potential dumping price don’t be and keep in mind that during these times is when you can add more to your portfolio which i will certainly be doing if the time came

[Z-tight]

I know you want to buy more coins at a cheaper price, everyone loves to buy in the 'dip' or low and sell high. However, i have noticed that when weak hands talk about buying BTC when it is low, if the price actually falls now, they would not buy, instead they will be worried about fud and looking for what exactly is the cause of the dump, and when the dump is over, they start complaining of how they missed the chance to buy low.

[pooya87]

Even in the altcoin market, people used to talk about an "altcoin season," but when Bitcoin became stagnant, it seemed to neutralize the market. The excitement has toned down, but that might be the perfect chance for long-term investors to stack up.

That's mainly because people have forgotten what "altcoin season" means and they were bag-holding the "big names", aka the altcoins with big market cap that don't make any major move whatsoever. They were hoping those shitcoins to be pumped. But they'll never do.
The "altcoin season" has never meant some big shitcoins like ETH, XRP, BNB, SOL, etc. be pumped big time. The altcoin season was always about unknown shitcoins with small market cap be pumped so much so that they enter the top altcoin lists. That is where the profit is.

[nakamura12]

I hope it does dump so we can accumulate more. As long as the market remains volatile, what happened in the past can still happen again. The hype isn’t the same as when Bitcoin first hit its new ATH last year.

Even in the altcoin market, people used to talk about an "altcoin season," but when Bitcoin became stagnant, it seemed to neutralize the market. The excitement has toned down, but that might be the perfect chance for long-term investors to stack up.

There are a lot of people hoping that bitcoin's price will decrease but at the moment, bitcoin price is strong at 90k when it's already 6k less before it reaches 100k. The hype may be different but in my opinion, the hype is still there even though it is not the same as before as you have said. If the price will decrease then many people will be happy about it since they can acquire more btc at much lower price.

[Raflesia]

Sell and dump? For a temporary condition like this? It's fine if anyone wants to sell their bitcoins in the current conditions but don't invite me in something like this because I will still stay and keep hodl because my plans are still not achieved now.
Even though in the end the possibility of bitcoin going down for now is quite large, I will not let the assets I have disappear and that is precisely my momentum to buy so that in the end the choice is the most reasonable thing for me personally than I have to sell my bitcoin before my goals are carried out and realized.

Not that I am naive and underestimate the decline but in the end the decline if it will eventually be at $50k-$70k like many speculators who say the decline in bitcoin for what I remove the assets I have now because indeed the profits I have are still very much there from previous purchases so there is no really strong reason for me to remove or sell the assets I have now.

[Obim34]

One reason why I said Bitcoin is overdue for a dump is cause yearly market open just started and last year candle left so many unfilled fvg for me personally I would still like to see more dump if bitcoin price for this month probably this month cancle close we would get a proper PA of how next month is going to be, if we lose $90k then $85k should be printed on the chart

This is basically your own analysis, there are many users with separate or alike opinions just like yours but then it is upto the market to make movements. We should learn to get excited on whatever price mark we attain, the resistance is hard currently, whatever we see later might not be the usual we all expected to witness, dip and pump are sufficiently going to remain in the market.

Don't get too anxious with the market, it is expected to see both dumb and pump in this year, in haste or in due time there will be Bitcoin price fall, just get your capital ready for investment or perhaps DCA your way until we begin touching the bear.

[bestcandy]

Everyone wishes to buy bitcoin at a discount but we rarely get our wishes.

These days the market doesn't seem to want to start the bullish trend, maybe people are still on holiday at least mentally
But $90k seems to be a strong resistance for now so I wouldn't hold my breath for any lower level prices...

That 90K resistance is indeed very strong! The price bouncing back strong above 100K whenever the price reach at that level meaning there’s a lot of pending orders at the price possibly a high leverage position that’s why the price is insanely pumping when that resistance reach.

I will not be surprised if there’s a lot of liquidation for longs in case the price goes dip below 90K as the sell pressure eat their buy order.

I want to acquire more below 90K preferably @60K level.

Dumping of Bitcoin to $60k may not possibly be as you wish. Whhile many people are waiting for Bitcoin to dump so that they will leverage the opportunity to accumulate more Bitcoin those that already held Bitcoin for long time for the purposing of making more profit when the price will appreciate will see the dump as disadvantage to them.
Sincerely speaking, I will say that dumping of Bitcoin shouldn't be something we will celebrate because there is a level that it will dump many investors will start having double thought on Bitcoin and if that happens t automatically affect the whole process. However, Bitcoin is very volatile and as such there is the possibility of dumping and rising but that shouldn't be a negative signal to a potential investor in Bitcoin because it's certain that Bitcoin will take over the world economy in near future where most people and countries will make it a main stay of there exchange and fiscal reserve. So I think it will be better to invest now than waiting for it to dump below $90 or to the bench mark of $60 which may not possible be as you wish.

[salad daging]

I know you want to buy more coins at a cheaper price, everyone loves to buy in the 'dip' or low and sell high. However, i have noticed that when weak hands talk about buying BTC when it is low, if the price actually falls now, they would not buy, instead they will be worried about fud and looking for what exactly is the cause of the dump, and when the dump is over, they start complaining of how they missed the chance to buy low.

That's the weak hand they just hope bitcoin goes down but after it goes down then look for what causes it not to buy, he is always looking for reasons behind it all but the fact is there are still many who panic about the decline.

Just wasting their time due to being too worried about a sharper decline but after it goes up he might regret it for sure, even if it's sure why not buy now right? For several months bitcoin has not passed below $90K meaning it is at its lowest point now.

[coolcoinz]

Maybe OP is blind, but was that thing that happened last month? Wasn't the fall from the ATH of 108k to 91k a dump? IMO we're not overdue for anything as the recent drop in market price by almost $20k liquidated most of the leveraged players. I've read somewhere that it caused large outflows from futures, which are usually the most overleveraged positions, full of people who never wanted to own real bitcoin, just gamble on its price.

Last but not least, bitcoin always looks dumpiest before pumpiest.
That's one of the best bitcoin sayings for sure!

[sunsilk]

One reason why I said Bitcoin is overdue for a dump is cause yearly market open just started and last year candle left so many unfilled fvg for me personally I would still like to see more dump if bitcoin price for this month probably this month cancle close we would get a proper PA of how next month is going to be, if we lose $90k then $85k should be printed on the chart

And then if $85k was seen, $75k is on the roll call, and so forth?

Last but not least, bitcoin always looks dumpiest before pumpiest.
That's one of the best bitcoin sayings for sure!

I agree, that's the best thing about Bitcoin. When we see some huge dumps then get ready for some pumps. We've seen this often and that it came from an ATH and yet, it's still close to that price.

It's having a good support above $90k so we will see if the price will become just as what OP is thinking about because I think he's one of the many that waits to buy when it dips.

[Issa56]

One reason why I said Bitcoin is overdue for a dump is cause yearly market open just started and last year candle left so many unfilled fvg for me personally I would still like to see more dump if bitcoin price for this month probably this month cancle close we would get a proper PA of how next month is going to be, if we lose $90k then $85k should be printed on the chart

I'm just tired of seeing different analyses that bitcoin price is going to dump. If you are planning to invest, then just make use of the DCA strategy. In case it ends up dumping, you will still be able to accumulate at a cheaper price, but most of the people hoping bitcoin will dump won’t still invest in bitcoin, even if the price dumps, because no matter how low bitcoin price goes, they are still going to be predicting more dumps and won’t be investing till bitcoin price bounces back before they will start regretting why they didn’t invest when the price dumped.