Will Bitcoin’s Price Fall in the Coming Days?

[shanz]

Well this is only my pov but I believe your idea might complete my conclusion.
After we reach the total of 1.09T, I think there is no other scenario but going down in the next few days. And as most of you know, September is approaching, and this month is historically known for major market corrections. Plus, you may heard the theory saying that after 3 tops there is always a breakdown. So, personally, I expect 10% corrections from the current prices… What do you think?

[Sebastian Michaelis]

10% correction is not a "FALL", i have no idea what the next move cause i'm a scalper.. but i think Bitcoin had its days last months, now Ethereum’s the star 

[EarnOnVictor]

Well this is only my pov but I believe your idea might complete my conclusion.
After we reach the total of 1.09T, I think there is no other scenario but going down in the next few days. And as most of you know, September is approaching, and this month is historically known for major market corrections. Plus, you may heard the theory saying that after 3 tops there is always a breakdown. So, personally, I expect 10% corrections from the current prices… What do you think?

What do you mean by the total of 1.09T? If it's the market cap you are referring to, then you are wrong. Bitcoin is moving close to $2.4T now, and was above the liquidity a while ago. But I agree, as the year runs to an end, we need care, Bitcoin's 4-year cycle is nearing the end of the bullish phase if the history is to be considered. Either way, my chart will always be the last decider in my Bitcoin decisions, and for now, it has not hinted at any serious reason to sell.

On the daily chart below, it's clear that the breach of the trendline support paved the way for the sellers, but the major support level to finally take the sellers seriously is still lower at $115,734. I hope Bitcoin will not witness a level lower than that. Otherwise, it might hit $111,932, $105,226, before targeting a lower level of $98,148 if the pressure persists.

[Oshosondy]

Let us assume bitcoin is at $120000. If it has 10% correction, that means the price will fall to $108000. That is not a huge correction at all. But one thing is that bitcoin needs a strong support at $110000. If bitcoin go back to $108000 which was a huge barrier some weeks or months ago, it may indicate something not good at that time.

[Ishicryptic]

If every trader knows whether Bitcoin will fall or rise in the coming days and they are sure of the perticular price that it will be I'm sure that they will be very rich but that is not the reality, whatever we say are just our predictions, nobody knows for a certain. You expect a 10% correction but I'm hopeful for an ATH soon, in the end what will be will be. What I am certain or rather hopeful is that bull run is not over yet so I'm not worried much about corrections, after a decline we saw a recovery, now it has retraced a bit, for me this is how it will gain strength to reach new ATH.

[Don Pedro Dinero]

What do you mean by the total of 1.09T? If it's the market cap you are referring to, then you are wrong. Bitcoin is moving close to $2.4T now, and was above the liquidity a while ago.

Good thing someone put sense into the rubbish the OP has written, but with how little habit people have on this forum of reading before commenting I won't be surprised to people commenting on the bogus figure in later comments.

On whether the price will fall or not, well it will depend, as the market seems very sensitive to anything coming from the US, be it a statement, something about the Ukraine war, or the like. What matters here is that in the medium and long term we are going to see a clear rise.

[tabas]

Well this is only my pov but I believe your idea might complete my conclusion.
After we reach the total of 1.09T, I think there is no other scenario but going down in the next few days. And as most of you know, September is approaching, and this month is historically known for major market corrections. Plus, you may heard the theory saying that after 3 tops there is always a breakdown. So, personally, I expect 10% corrections from the current prices… What do you think?

Your point is valid, and that's a normal approach for Bitcoin after hitting new highs. And just like yesterday, after getting to $124k, we did see a 5% correction. And so what you're saying about a potential 10% of correction, it's possible and it's not that much to think of when we're already down by 5%. So, it means that there's another 5% coming for the next correction that we'd face by next weeks up to September.

[Razmirraz]

It's worth noting that Bitcoin has just reached a new all-time high, meaning that after the bullish euphoria, there will likely be a further price drop before continuing its journey to higher prices. Don't be surprised or panic if Bitcoin starts showing signs of decline, because this moment is a sign of a turning point to continue the bullish trend.

Bitcoin could drop to $110,000 as the lowest support, but that's only a challenge for investors who have already bought above that price, but it's the best opportunity to buy before the next rally to $135,000 or more occurs. So, if Bitcoin experiences a drop in the next few days, then that is the best opportunity to buy, if you are still in doubt, take a look at MicroStrategy which just added 155 Bitcoins to its wallet, now the total ownership of this company has reached 628.946 Bitcoins.

 

[pooya87]

Bitcoin's 4-year cycle is nearing the end

Is the 4-year cycle still a thing? I have a feeling that it got weaker when the 2020 one was left incomplete and dissatisfying (due to the pandemic caused global recession) and then it went away when to this day we haven't seen an actual big bubble and big burst duo.

[BitMaxz]

Well this is only my pov but I believe your idea might complete my conclusion.
After we reach the total of 1.09T, I think there is no other scenario but going down in the next few days. And as most of you know, September is approaching, and this month is historically known for major market corrections. Plus, you may heard the theory saying that after 3 tops there is always a breakdown. So, personally, I expect 10% corrections from the current prices… What do you think?

What exactly are the 3 tops you mean? You mean the head and shoulders pattern, or is it just a normal 3 tops on the resistance zone?


In most cases the well-known one is the double top with RSI divergence in high time frame; if it happens, expect a market shift from bullish to bearish.
It's normal to see the price drop after sudden price increase.

Currently on a daily time frame we are currently bearish, but there's a big liquidity around the $115k zone or near that area. However, if the seller successfully breaks that zone, expect the price to drop more below $109k. I see more positions are liquidated while the price is absorbing most of the long positions.
It looks like the sellers will fail to break the support trend since the BTC.D is attempting to retake 60% dominance. Let's see. I think we will see the result within this day.

If you are a long side or doing a DCA after these few hours of retesting on the support trend, it is a good entry to buy or open a long position.

[Oshosondy]

Is the 4-year cycle still a thing? I have a feeling that it got weaker when the 2020 one was left incomplete and dissatisfying (due to the pandemic caused global recession) and then it went away when to this day we haven't seen an actual big bubble and big burst duo.

It has to get weaker because bitcoin is becoming more relevant and its marketcap is getting higher. We can not compare when bitcoin was having a marketcap of $1 billion to when it has a marketcap of $500 billion. And as of today, bitcoin marketcap is over $2.3 trolling. There is less volatile compared to those days. Bitcoin price will not easily get 10x increase and it will not easily get 10x reduction.

What we are expecting now is if bitcoin can still go to $45000/$75000 and if that would be in next year in a way that also altcoins will fall so significantly. That can still be considered a bear season and which means the following year which is 2027 will be the beginning of another season.

What can cause the bear season now are people sentiment. That is the reason Michael Saylor and others are saying already that there will be no bear market because they do not want people to having sentimental thinking about it but we do not know if that will be possible.

[el kaka22]

We see corrections, and just because there is a correction, doesn't mean we are going to see bad results right away. This is why the best reason why we buy bitcoin is to make money and with lower prices, it makes it better to buy bitcoin when a correction happens, and you sell when it goes back up ,and you keep doing that it is a good thing.

We should realize that making money from corrections is so simple, you wait for peak, then you buy when it goes down 10% and then you wait for another peak, and keep repeating that and you should be fine. I am sure that we are going to make a lot of better results, it's just that not that easy to make some money from all of this, it has to be something that takes time for people to make that money.

[Awaklara]

So, personally, I expect 10% corrections from the current prices… What do you think?

A 10% decrease from the current price could happen. But it is not a significant drop, and it may not have a considerable impact on Bitcoin holders. However, the effects may be felt quite strongly in the Altcoin market.
We can see that every time Bitcoin reaches a new all-time high this year, it is followed by a correction. But the condition will strengthen again, even though we will eventually see Bitcoin moving sideways for some time.
I think we might see this situation repeat itself in the coming weeks. A decline has already been observed, but I don't think it will be much deeper.

[Mrbluntzy]

I think the correction that you are talking about has already happened, Bitcoin spiked to $123k  before it even got fall to $110k and now to a new all time high, if there going to be a correction in the coming days, it won't be much, quite the opposite can also happen and Bitcoin might surge above $125k or higher than that, you can not predict accurately what this season holds.

[bangjoe]

Bitcoin's 4-year cycle is nearing the end

Is the 4-year cycle still a thing? I have a feeling that it got weaker when the 2020 one was left incomplete and dissatisfying (due to the pandemic caused global recession) and then it went away when to this day we haven't seen an actual big bubble and big burst duo.

I had my doubts about it, but we shouldn't be too skeptical because we don't really know what will happen. Many investors still believe in the four-year cycle, so we must remain vigilant because nothing is certain in a world that we cannot predict.

I think the correction that you are talking about has already happened, Bitcoin spiked to $123k  before it even got fall to $110k and now to a new all time high, if there going to be a correction in the coming days, it won't be much, quite the opposite can also happen and Bitcoin might surge above $125k or higher than that, you can not predict accurately what this season holds.

The previous increase was due to optimism about interest rate cuts and the relaxation of rules regarding pensions in the US, which had a probability of being purchased with Bitcoin. However, the data released yesterday showed that the potential for interest rate cuts has decreased due to PPI data that was outside of expectations.

[Stalker22]

~

Yeah, September is somewhat notorious for knee-capping Bitcoin but the reality is patterns are patterns. It doesnt mean that the universe is indebted to repeat the pattern. We could see a 10% drop. (Thats nothing really in terms of Bitcoins volatility.) Or maybe it wants to moon and laugh in our faces. We have no way to know.

The reality is, the market is driven by too many unpredictable factors.  Like one minute its macro news, the next it is some billionaire having a midlife crisis on Twitter, or funds are throwing money around like confetti. So yeah, you could be right, and you could be wrong. Just dont bet the house on it.

[irhact]

Well this is only my pov but I believe your idea might complete my conclusion.
After we reach the total of 1.09T, I think there is no other scenario but going down in the next few days. And as most of you know, September is approaching, and this month is historically known for major market corrections. Plus, you may heard the theory saying that after 3 tops there is always a breakdown. So, personally, I expect 10% corrections from the current prices… What do you think?

10% correction isn't that bad if the market will recover in the coming months and probably get us to a new all time high. Without a correction, the market can't grow higher because when the market is constantly growing then the investors will be speculating a correction and that'll make less investors become interested in investing but as soon as we get a correction, more investors will begin thinking about buying and that'll help the market recover fast and also get us to a new highest price. The short term price action of Bitcoin shouldn't make us scared though as the market is bullish long term.

[btc_angela]

Bitcoin's 4-year cycle is nearing the end

Is the 4-year cycle still a thing? I have a feeling that it got weaker when the 2020 one was left incomplete and dissatisfying (due to the pandemic caused global recession) and then it went away when to this day we haven't seen an actual big bubble and big burst duo.

I'm still under impression that we are still in the 4 year cycle. The big bubble that we are in should have to be burst next year to continue this cycle. And so we haven't got to the point still.

2017 - bull run
2021 - bull run
2025 - bull run

So that is still a clear 4 year cycle. Although in this cycle we have seen the we reach new all time high prior to the halving, and this is the first time that it did happen, still not enough to say that the 4 year cycle has been broken, in my opinion.

[LogitechMouse]

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After we reach the total of 1.09T, I think there is no other scenario but going down in the next few days. And as most of you know, September is approaching, and this month is historically known for major market corrections. Plus, you may heard the theory saying that after 3 tops there is always a breakdown. So, personally, I expect 10% corrections from the current prices… What do you think?

Well, looking at the price history of Bitcoin during the 2013,2017 and 2021 bull run, the price of it during the month of September drops, but you know what's the good thing? Bitcoin's price during the month of October jumps significantly, and it will happen again this year, and the catalyst? FED cutting interest rates, and many are anticipating it to happen already as shown in the picture below. There's a 92% chance that they will cut interest rate by up to 50 basis points.


A 10% correction might happen, but the market will just recover after that. If you're prediction happens, a simple math puts Bitcoin go to as low as $112,000 which is still above the strong support of $110,000 so no need to worry about.

[JeffBrad12]

Probably gonna have correction next month

but see liquidity heatmap below



In my opinion it could still go up to hit resistance and go down again preparing for next month.
When majority of people thinks that next month always historically red that means it's gonna be red for real most of the time. Just following the flow of the market.