Bitcoin is overdue for a dump

[RockBell]

The issue of bitcoin price coming down is that people will still complain about the price coming down and they will feel that when the price is down they will buy and many of them will not buy and what annoying is how they make claim of buying even when the price is high and that is why some people will make statements about buying saying if you want to buy it is better to buy.

The thing is that you can n out predict or wish the price to come down and when you see stuffs like this is not somthing to worry much about because people will make all manner of statements and they will end up not buying anything and people that are buying don't even need to make there intention public when they are ready to buy all they do is to buy, rather than just talk on line.

Because there is no need to make anything clear for people them to be convinced and then will need to know exactly when to buy.

[uneng]

I'm feeling like in the beginning of 2022... Massive increasement in price in the end of the previous year, reaching a new ATH, and then a period of stability, although the price was unable to go upside to consider Bitcoin bullish once again. And then the bear market took place.

Moreover, this time lots of expectations were created by Bitcoin enthusiasts regards Trump and his stance towards BTC. However, as soon as the government started for real, Bitcoin enthusiasts may have seen it's not like they expected. Measures which benefit Bitcoin aren't that fast to be approved, and may not even be approved or pushed ahead by the government. And if nothing happens, of course that feeling of optimism among enthusiasts will fade out.

Personally, I don't think it's time to buy Bitcoin right now. I prefer to wait for the next dump.

[ineedhelpplease]

Well, I could've invested in BTC when it was 60K just a year ago but I decided to move on and sell my crypto for fiat instead. I didn't expect it to hit $100K but the election really did do something. It was basically most of what I had back then, I really didn't want to risk losing it too. Good job to all those who stood the test of time and proved us wrong and I hope you enjoy your newfound gains!!!

It's been approx half a year since I made my decision. I am coming back into crypto for a little bit and as much as I want to invest, I know it's pretty much at an all time high which is scary to me.

BTC has truly gone far and it's amazing to see that.

[tread93]

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!

Hahhahah always the dumpiest before the pumpiest, I've never heard of this one before coolcoinz but I like it lmao. I would have to agree with your assessment of OP, he is surely blind as a bat. Bitcoin is looking strong as ever and I personally would be suprised if it didn't hit a new all time high on January 20th. One of these days soon here we're going to be seeing 200k territory and everyone who jumped off the ladder at 100k is going to be thinking that they're a damn fool. Mark my words.

[maydna]

No problem if the dump still coming this month but the next months will be a pump for the price

We all want to buy at a discount price so this dump will benefits us to buy more Bitcoin. Even if the price down to $70, that will not be a problem because people will see how powerful Bitcoin to reverse and increase the price.

This moment will be used by the whales who already prepare their fiat to buy Bitcoins. When the price reach the lowest price, that will be the time for the price to start rise. At that time, all people who underestimate (once again) will shocked seeing the price increase fast

[Cityhunter34]

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.

You are absolutely right because I don't see a reason why one would have to wait for Bitcoin to dump first before they invest. And the most annoying part of it is that even if price go dump they would still not invest, they will be expecting it go more dumper, then at the end they keep regretting. However, just like as you mentioned I think anybody can invest in Bitcoin regardless of the price.

[avikz]

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 have the same feeling! A lot of investors are due to book their profits. I am not a technical person but looking at the price movements, I assume a lot of people probably have started doing that. But that's quite normal. At every Bull cycle, I have seen people taking out loan to buy Bitcoin so it is not an issue when we see a dump because they would want to pay off their loan and keep the profit. This happens in every Bull cycle.

Pump and dump is a part of the game. It's nothing unusual at all!

[Samlucky O]

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

As far as I am concerned, those Wish are empty wishes because even though Bitcoin fall t o the ground like $1k people will still want it to falll the more. There are actually people who are not ready to buy Bitcoin but always wish for it to dip more as if that dip will change anything. If I may ask you, why didn't you stack Bitcoin when it was withing the staggering price of $50k to $65? I guess you where hoping for it to dip more to maybe $30k $40k but since it failed to fall below and it hit $108k instead, now you wished it dip More. All what I can say is that human want or desires is endless and insatiable.

[Fiatless]

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

You want to see more dump, but other investors want to see more pumps so that they can sell and make some profit. The price movement of Bitcoin is unpredictable which is the reason why you should always place yourself in a position where you can take advantage of both the pump and dump. Using DCA to invest in Bitcoin gives you the advantage of managing your portfolio efficiently. For the past few days, Bitcoin has held on to a $92k support level, maybe we might experience a pump. If you are waiting for a dump, be prepared when we enter the bear season when you can buy at a discounted price.       

[Zanab247]

This is the reason why BTC price is unpredictable, things can change for BTC price to continue pumping till the end of this year or continue dumping at this moment till the end of this year,  but the most important thing BTC investors need to embrace is  to get prepare for any season that may occur in the  market. Yes, many people were hoping for the price to start dumping from this month of January for investors to be alert of the bear run, but the bull run is still displaying for those that are still hodling BTC to make a good decision to sell.

If there will be dump in this year, I guess it will start from the month of march and the price of BTC will not dump below $50k before another massive pump will take place.

[betswift]

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

You want to see more dump, but other investors want to see more pumps so that they can sell and make some profit. The price movement of Bitcoin is unpredictable which is the reason why you should always place yourself in a position where you can take advantage of both the pump and dump. Using DCA to invest in Bitcoin gives you the advantage of managing your portfolio efficiently. For the past few days, Bitcoin has held on to a $92k support level, maybe we might experience a pump. If you are waiting for a dump, be prepared when we enter the bear season when you can buy at a discounted price.       

Real investors would understand that it would bounce back down the line in 2025 and would just buy more when the price is as low as it is, be it 90k, 80k, or as low as 73k as somebody suggested.
 

[Asiska02]

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

The support zone of bitcoin for a while now is in the range of $90K and once that support zone cannot longer hold on to bitcoin, then we will see its new support zone below that price, possible on $85K. So many anticipation for the upcoming big event that would bring about some big impact in the market which are mostly anticipated on the positive side of it. How controversial the market can be sometimes won’t make you to have an exact direction to where the market could go next even when your analysis is showing it to be so.

Fundamental analysis affects the market and has no regard for any current technical analysis that the market must have been trading on at that time. So it is very important to also await anything the market may come with in this period on either ways. When it goes dumping, it becomes an opportunity to buy more and when it doesn’t and begins to pump, it just signifies the market to continue on that direction as the market is still very much on the bullish trend and all expecting a new all time high soon.

[john_egbert]

In my view, the market is in a delicate position right now. The unfilled gaps you're referring to could lead to more downside especially if bitcoin doesn't find support above $90k. If we lose that level, a retest of $85k could be on the cards. I'm watching closely for confirmation on where the monthly candle loses

We may again go to 100k+ and then feel the dip again.
It may repeat itself before there would be a chain of events that would change that.

[MaxLevCoin]

If we lose the $90k level this month, i wouldn't be surprised to see a dip towards $85k. It seems like the market is still digesting last year's moves and we may not see a clear trend until the next month's candle closes

[betswift]

If we lose the $90k level this month, i wouldn't be surprised to see a dip towards $85k. It seems like the market is still digesting last year's moves and we may not see a clear trend until the next month's candle closes

Depends on what would follow next on a bigger stage. We already had 89k this month as I remember, and we still pushed back around $95-97k

[GreatArkansas]

I am leaning toward a bearish outlook for the short term. Bitcoin is struggling to maintain upward momentum and I believe we could see it retrace to $85k if it breaks below the $90k level. Watching how month's candle closes will give us better idea of the next potential move.

Same here, but if we continue to stay above $90,000 - $100,000 it could build strong support and could help to stay more longer in that area and not visit $80,000 level anymore. But, it's still early to say this. Dropping below $90,000 still possible as always.

[Jaycoinz]

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

Stop wishing and take the opportunity you already have in your front of you. I think the whole entire crypto space actually wants Bitcoin to be back to even $25k if possible and I also believe at that same price and time they were people also complaining about the price to be lower than that so they could buy so this is no new thing.

Just don't wait till you regret so stack up and buy consistently with the mindset that even this price now Bitcoin hasn't reach it goal in any sense possible with the mindset of it reaching even up to $500k and you will see some profit indeed when the price start soaring again.

[Woodie]

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

Agreed, the imbalances on the charts need to be mitigated as this shows whoever was pulling the strings  was buying aggressively to win the tag of war against sellers..but of course it's easy to manipulate the markets when you have enough Bitcoins because herd mentality is very real with our crypto markets and the sell will be on.

But for now, markets are bullish with Fundamentals pointing this way, but less see how the next few weeks unfold.

[Virtualsnipe13]

I'm not saying that's the bottom, I'm just speculating and that my TA it telling me most people might say price will go to 69 and bring a random TA show us why price will get there, they might be right and also might be wrong that's why they always say "DYOR"

[JiiBs]

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

Not just that Pooya87, the problem really rests on not just having these wishes but, we tend to never execute them even when the market gives us the discount. The dump is always never enough and the fear of, it’s going to further dump and then it would mean, you bought way too early. No one wants to buy way too early and lack of proper prediction, backed with a determination to buy no matter what often limits buying. It leads to procrastination and then, you see the market go up, then you realize you ought to have bought and starts wishing again for a dump, which it doesn’t do and your in again for another circle of waiting.