Big fall in the Bitcoin market!

[$crypto$]

The market is currently in a good position, according to my plan, maybe the market will recover again soon. Yes, we saw the market grow very quickly in a few days and it went to a very high position but later we saw a decline in the market due to military time.
I believe the market will not go into dumping for a long time but it will pump again, but it needs a little time. I think this is a small decline due to military time, which will strengthen the Bitcoin market and very soon it will go to a high position.

It has often happened that the market experiences a decline --- then recovers again after that this may cause a little panic because the price is already below $110K, and some people panic fearing a prolonged decline.

But I myself am not sure that the decline will last long. It is not yet time for a bearish market there is a possibility that it will recover again in September we just have to wait and see how bitcoin moves --- according to many people's predictions there will still be an upward return later.

[AirtelBuzz]

The realistic expectation was that the market might correct slightly but there was no hope of the price falling beyond the $15k mark. Perhaps everyone has already noticed that a whale offloaded 24,000 Bitcoins yesterday, which increased the amount of volatility, and it was even clear that the pace of the decline had accelerated. Indeed it's correct that such breakdowns force investors to surrender because the level at which Bitcoin's price is currently falling is truly inconsistent.

It is largely true that prices are falling but this may be a great entry opportunity, especially before a big move. However we thought that $108k was the minimum target for a downturn but according to some BTC analysts' predictions, it seems that the price will fall further because this sharp price decline resulted in a large amount of liquidation of leveraged long positions in the market.

[Ruttoshi]

With the current price movement, nobody can predict what will happen next in the market, because I wasn't expecting bitcoin price to dip to $110k because I thought that the support level wouldn't be broken so quick. However, that's investors sentiment for you.

This shows that people only bought due to Powells speech but since they have understand that it's not certain that Fed will cut rate, those that bought are selling back and more people ha ve joined the selling cue. I hope that the price doesn't dip below this before bouncing back.

[tabas]

There has been volatility in the market, and it is still there, the way the market is going down it seems that there is a possibility of more dumping.

It is one of the nature character of Bitcoin and so, it's not going to be gone. Volatility has always been there and never been gone ever since.

Do you think the market will be dumping for a long time, or the market has fallen for military time?

What does military time means? the market can move on its own and nobody knows if it will continue to dump. But what we know of, if it has moved up to the peak and it's the potential price of $124k as the ceiling. Then, we have to accept it that it's considered the ATH and we'll see the floor price soon. But if it's the opposite, much better.

[BitMaxz]

With the current price movement, nobody can predict what will happen next in the market, because I wasn't expecting bitcoin price to dip to $110k because I thought that the support level wouldn't be broken so quick. However, that's investors sentiment for you.

This shows that people only bought due to Powells speech but since they have understand that it's not certain that Fed will cut rate, those that bought are selling back and more people ha ve joined the selling cue. I hope that the price doesn't dip below this before bouncing back.

Well, the Powell news about cut rates it helps a lot to build the long-term structure of BTC price; without analysis you won't understand what's happening technically.
If you go with a 1-day time frame, it should tell you that there's a strong bearish sign in the candlestick pattern after hitting a new ATH, and a breakout from the uptrend changes the structure to the bearish.

The speech is actually helps to form a structure with 38.2% FIBO as golden zone and then sudden price drop it means it's bearish.
However, I've noticed something recently I posted it recently but I am not sure yet about this.

If anyone here knows the bullish megaphone BTC price looks like a megaphone right now, that's the higher time frame pattern that I see, but I'm not sure yet, and today might be the beginning of rising up again for a pullback or maybe a possible breakout at $113k and continuing to rise.

[Leahized]

The market is currently in a good position, according to my plan, maybe the market will recover again soon. Yes, we saw the market grow very quickly in a few days and it went to a very high position but later we saw a decline in the market due to military time.
I believe the market will not go into dumping for a long time but it will pump again, but it needs a little time. I think this is a small decline due to military time, which will strengthen the Bitcoin market and very soon it will go to a high position.

At present, the market is a good situation, but I don't think it will survive for long. Because we will soon see the price of Bitcoin below 100k. However, it may not be for a long time. But for those who are holders are quite worried. But if Bitcoin comes down to 100K. Then the Said Away market can continue for several days. But this is a very good thing because Bitcoin then we will see New Ath again. But there are many of us who will spend a very difficult moment at this time. And many will lose patience. And the wrong decision will be made.

[Swordsoffreedom]

This shows that people only bought due to Powells speech but since they have understand that it's not certain that Fed will cut rate, those that bought are selling back and more people ha ve joined the selling cue. I hope that the price doesn't dip below this before bouncing back.

It is true that Fed interest rates have a significant impact on bitcoin and market sentiment but it is not the only factor that determines market trends. Interest rates remain high and there hasn't been a rate cut since the start of the year, but bitcoin has continued to hit new record highs this year. So I think that is not the factor that caused the market to fall in the past few days, and the reason for the market to fall is because whales sold more than 24kBTC as AirtelBuzz mentioned above.

Market sentiment is still very unsettled as that whale still holds over 152kBTC and some other whales are also selling large amounts of bitcoin. So I predict that bitcoin price will continue to fall below $110k and bitcoin dominance will also decrease.

In my opinion, this is a healthy adjustment and to the market to shift capital flows.


https://x.com/Cointelegraph/status/1960336445207457907

[HistoLock]

For almost a week now, we have been seeing the Bitcoin market moving downwards, and it is still in a downward trend. I thought maybe Bitcoin would touch $130k this month, but given the current market conditions it is not possible this month. Although in August when Bitcoin price was able to create a new ATH, the market touched $124k+ which is the highest in history.
I can see that the market went to this position a week ago, but since the new ATH was created, the Bitcoin market has been continuously decreasing. There has been volatility in the market, and it is still there, the way the market is going down it seems that there is a possibility of more dumping.
Do you think the market will be dumping for a long time, or the market has fallen for military time?

Yes, it is true that although the price of Bitcoin reached $124k earlier this month, it later moved downwards. But it fell so much that it is needless to say that the price of Bitcoin yesterday was $109k. I did not expect this price in this season. But I was surprised to see the market today because the price has increased relatively a lot today. Now the current price of Bitcoin is $112k which is very good. But when I saw the price drop, I had given up hope that the price of Bitcoin would not reach $130k in August but now the price is increasing at such a rate that it seems that it can reach this month although I cannot say for sure. But we can definitely expect it because if you notice, you will see that the price of Bitcoin has increased a lot in a day. The way the market was moving downwards, I thought that the market would not move upwards again this month but now we see the market is moving upwards.  Now we can expect that if the price of Bitcoin does not reach $130k this month, it will definitely reach it next month.

[Awaklara]

The way the market was moving downwards, I thought that the market would not move upwards again this month but now we see the market is moving upwards.  Now we can expect that if the price of Bitcoin does not reach $130k this month, it will definitely reach it next month.

This month only has a few days left to end. We may not see $130k this month, but in the future, we will see Bitcoin reach higher prices. Let's first see how Bitcoin closes this month. My speculation is that not much change will happen. Although there will be increases and decreases, it may not differ too far from the current price. Next month may be with a different situation, hopefully the trend can be positive.

[Asiska02]

For almost a week now, we have been seeing the Bitcoin market moving downwards, and it is still in a downward trend. I thought maybe Bitcoin would touch $130k this month, but given the current market conditions it is not possible this month. Although in August when Bitcoin price was able to create a new ATH, the market touched $124k+ which is the highest in history.
I can see that the market went to this position a week ago, but since the new ATH was created, the Bitcoin market has been continuously decreasing. There has been volatility in the market, and it is still there, the way the market is going down it seems that there is a possibility of more dumping.
Do you think the market will be dumping for a long time, or the market has fallen for military time?

For every time the market hit a new all time high, it always experience a dump in price. The only difference I see for this one with the past ones after hitting a new all time high is the rapid fall in the market which was not what we were expecting actually to happen so quickly. August they say is not the best months of bitcoin historically, it always experience a dump. Old investors would have got use to this by now and won’t panic by this fall.

At the beginning of the month, when this past historical analysis on bitcoin trend of the month of August was presented, many thought it won’t be like that this month because we experienced another all time high in this same month of August.  To everyone’s surprise, the dump came when we least expected it and took us by shock. It is in the consolidation phase I believe and it will come back to continue the bullish trend hopefully as early as next month.

[GeorgeJohn]

That is why we said the Bitcoin price is not constant or stable, when we expect bitcoin price to increase it is when the price do depreciate in value so I believe that we need to understand the procedures of Bitcoin by now or how Bitcoin operate in value, the price of Bitcoin always increases to a certain point that you will be surprised

So that is to show and the price of Bitcoin can never be constant, when we expect it to increase at that moment he will see that the price will start fluctuating in value but when we don't expect it to increase it is when the price will continue to rise, so that is to let us know that everything that I have to do with the Bitcoin does not have a particular time for it to come to accomplish.. when people says that the price of Bitcoin is unpredictable that is the reflection of what is happening now, because when you expect it to increase bitcoin will navigate to another point, so in summary bitcoin is unpredictable

[el kaka22]

I do not think a whale selling would crash that much. 2.4 billion dollars is nothing in the daily volume of bitcoin, while it would definitely drop it a bit, we do have enough buyers to cover that in normal days. It was just a bad period where the rates weren't cut, so it was normal for the price to crash.

Let's see that whale try to sell all 150k bitcoins in a single day during the bull market, I guarantee you that it would be all sold in a day and we would not drop much, because during bull periods , we go up by 10-20%+ anyways, it would just level that and not more. That is why these news never make sense to me, it's just a normal situation without any big problems ever, it is not that complicated and never was.

[TravelMug]

That is why we said the Bitcoin price is not constant or stable, when we expect bitcoin price to increase it is when the price do depreciate in value so I believe that we need to understand the procedures of Bitcoin by now or how Bitcoin operate in value, the price of Bitcoin always increases to a certain point that you will be surprised

Yes, I think majority of us really understand that Bitcoin price is not stable, and it's really hard to see where the price is going. When we even uses technical analysis, maybe it could be a hit or miss for most traders.

So that is to show and the price of Bitcoin can never be constant, when we expect it to increase at that moment he will see that the price will start fluctuating in value but when we don't expect it to increase it is when the price will continue to rise, so that is to let us know that everything that I have to do with the Bitcoin does not have a particular time for it to come to accomplish.. when people says that the price of Bitcoin is unpredictable that is the reflection of what is happening now, because when you expect it to increase bitcoin will navigate to another point, so in summary bitcoin is unpredictable

Isn't it like we contradicting it? I mean when we thought that it will go up, then suddenly the price goes down? And when I see that, I just laugh it off and says to me that I'm again wrong with my prediction. Most likely this what attracts investors, those pump and dump, we don't know where it's going but if we keep ourselves here for the long haul and bigger picture, that might be the time that we understand that this is the right strategy, be a long term HODLer.

[lionheart78]

Do you think the market will be dumping for a long time, or the market has fallen for military time?

I don't know what you mean by military time but I am sure we are experiencing the DIP on the correction level and from the drawdown, the Bitcoin market has experienced a fall of 11% which is a lot.

This maybe a lot but it is still normal in Bitcoin market terms  .  Bitcoin volatility is still high, other who think that it already stabilized are sure shocke with this market movement but the veterans probably are partying because they see this price decline as a window to buy Bitcoin at a discount before BTC deliver its final surge (if there is any for this cycle) before it transition to bear market.

I have read a lot of thread about how the market had been profering traders excessive losses due to high volatility that had got the price volume in a worse complication to be predicted.

My strong believe is that there will be a recovery rally and a driving force that would trigger uptrend to other ATHS again if as speculated that we are still in the bull season.
 

Well, the year still has more than 1 full quarter ahead, there are lots of things that may happen in these 4 months, so hopefully there is another kick before BTC fully transitions to a bear market.

[Questat]

Witnessing bitcoin price consistently declining isn’t a sign of a big fall, just a normal correction in my own opinion. And we don’t have to worry instances like this because this is just normal in a volatile market. What isn’t normal is that if we see btc price dropping sharply into $50k, that’s something we need to worry about, though we still can’t do nothing about it but to wait for bitcoin price to recover again and obtain another all time high.

Bitcoin is bitcoin, it’s highly volatile, so it’s not suitable for those who easily panic with price decline, whether it’s small or huge.

[JeffBrad12]

I'm betting that there will be correction next month, till the end of the year. Historically speaking Q4 always have the worst sentiment. from 2024 to 2013, it dumps 7 times out of 12 so I won't be surprised. Probably nothing for the long term holders though, just a noise. Can be a concern for anyone opening long position with high leverage.

Regardless the opposite can happen, Q4 also have some big rally as well speaking from historical data.

[Dunamisx]

Now that the market was rented to $108,000 and we see the way of how massive it plummet down below $110,000 which shows that we may take a little while to have the correction made from these range as the resistance my persist towards the market from rising, except when we enters into a new month or the resistance be lifted by any means of sudden market reaction, this kind of a fall is common, we cant say we are done with the bull season or still expecting the correction soon and the market rises again as usual.

[Popkon6]

For almost a week now, we have been seeing the Bitcoin market moving downwards, and it is still in a downward trend. I thought maybe Bitcoin would touch $130k this month, but given the current market conditions it is not possible this month. Although in August when Bitcoin price was able to create a new ATH, the market touched $124k+ which is the highest in history.
I can see that the market went to this position a week ago, but since the new ATH was created, the Bitcoin market has been continuously decreasing. There has been volatility in the market, and it is still there, the way the market is going down it seems that there is a possibility of more dumping.
Do you think the market will be dumping for a long time, or the market has fallen for military time?

We have to invest in the Bitcoin market assuming that there are ups and downs, but for a long time the price of Bitcoin has been trending upwards and touched $124k, which indicates an all-time high. So in this case, I think it is normal for the price of Bitcoin to be somewhat dumped, because if the price of Bitcoin does not decrease, then unique investors will not be able to buy.
As a result, the more the price corrects, the more investors will be created in Bitcoin, because every Bitcoin holder loves to buy at a low price which he can later sell at a higher price. So no investor should panic because it is currently a price-dumping, be patient and keep your Bitcoin holdings alive until a higher price in the future.

[sana54210]

When you think of "big" fall in bitcoin market, 10% drop is not the big that we deal with, usually we deal with a lot more. So this isn't really that weird, and this isn't that big. This is a normal price drop, a sell off, and that is the most obvious way to move further. That is why it's clear that we are not going to get a bad result.

If people really want to see a fall, go back to 2022 and see what the real drop looked like, that was a big fall in bitcoin, but right now there isn't any big falls at the moment and this is just normal. Obviously it takes a long time to get there, but we can reach there, so we should not be looking at this as something that is that crazy, it can be a drop but we can recover from this easily.

[Odusko]

For almost a week now, we have been seeing the Bitcoin market moving downwards, and it is still in a downward trend. I thought maybe Bitcoin would touch $130k this month, but given the current market conditions it is not possible this month. Although in August when Bitcoin price was able to create a new ATH, the market touched $124k+ which is the highest in history.
I can see that the market went to this position a week ago, but since the new ATH was created, the Bitcoin market has been continuously decreasing. There has been volatility in the market, and it is still there, the way the market is going down it seems that there is a possibility of more dumping.
Do you think the market will be dumping for a long time, or the market has fallen for military time?

Yes, it is true that although the price of Bitcoin reached $124k earlier this month, it later moved downwards. But it fell so much that it is needless to say that the price of Bitcoin yesterday was $109k. I did not expect this price in this season. But I was surprised to see the market today because the price has increased relatively a lot today. Now the current price of Bitcoin is $112k which is very good. But when I saw the price drop, I had given up hope that the price of Bitcoin would not reach $130k in August but now the price is increasing at such a rate that it seems that it can reach this month although I cannot say for sure. But we can definitely expect it because if you notice, you will see that the price of Bitcoin has increased a lot in a day. The way the market was moving downwards, I thought that the market would not move upwards again this month but now we see the market is moving upwards.  Now we can expect that if the price of Bitcoin does not reach $130k this month, it will definitely reach it next month.

Same month that Bitcoin did a $124k BTC price same month the price have corrected backwards to around $108,000 which is somewhat confusing and I won't blame you if you start doubting Bitcoin ability to achieve the $130k Price prediction, although I am very positive that that Price won't take Bitcoin so much to achieve if all the forces that push the price down won't fight to keep the price lower or at this current price as a benchmark for a while, none know the direction the market will take, but one thing for sure is that every decline in price is an opportunity to buy for those that have the available Cash flow.