BTC looses value over 7%

[Renampun]

snip
It was over 125k at some point, we are now somewhere around 107k last I checked, which means that going back to 125k will take some time and not going to happen overnight. But we at least know that is our direction.

Bitcoin's price is now at $111k, not a rapid recovery from its low a few days ago, but it will certainly recover as market sentiment improves and adoption continues to grow, and over time, Bitcoin will reach its peak again. there's no need to worry too much about Bitcoin not recovering, as history has shown that over the long term Bitcoin has always managed to rebound and set new all-time highs after every major correction.

[Koadharber]

In the last 24 hours bitcoin has lost over 7-8 percent of its value and price presently is about $110k recover from the bearish pressure which want as low as $107k, it's quite a surprising move, Although I made a post concerning an expectation of a potential liquidity sweep because of the imbalance of price below, but it ran so low and reasons may be because trump warns China of massive increase in tariffs or whale activities to take out liquidity. But this will defiantly leave investors in panic if it doesn't recover quickly.

It's not a bad thing that prices have fallen by 7%-8%, because this kind of situation is nothing new.
Believe me, there are many who are waiting for such a price drop because it can be used as an opportunity to accumulate more Bitcoin.
Experienced investors won't panic if their goal is long-term, and for experienced investors, this kind of situation is an opportunity, as I said.

A drop like this isn’t unusual for Bitcoin it always moves in waves and sharp declines of 7 to 8 percent in a day have happened many times before what looks like panic for new investors is often just part of a larger market correction for long term holders this kind of dip is nothing but a better buying opportunity. When the price drops fast, it usually means liquidity is being cleared out large holders or whales can trigger these moves to shake out weak hands and grab cheaper coins and sometimes global events like political tension or economic news only add more fuel to the reaction but in most cases, Bitcoin stabilizes once the market absorbs the pressure.

Investors who’ve been around for years know how to handle this they don’t sell out of fear because they understand volatility is normal and temporary the real strategy is to buy when others are afraid and hold for the long term that’s how profits are made. Every dip is just another test of patience people waiting for a lower entry point often see this as a blessing in disguise while short term traders might struggle with stop losses getting hit, the long term direction of Bitcoin remains the same the fundamentals haven’t changed and the market always finds balance again the key is to stay calm and keep the bigger picture in mind.

[Danica22]

It was over 125k at some point, we are now somewhere around 107k last I checked, which means that going back to 125k will take some time and not going to happen overnight. But we at least know that is our direction.

I think it depends. I mean the reason the market is down is because of the trade war and geopolitical tensions. So the speed of bitcoin's recovery will largely depend on news about the trade war.

If the upcoming meeting between Trump and President Xi Jinping goes well and a good deal is reached. I believe it is not too difficult for the price to recover above $120,000 or more. Conversely, bitcoin's recovery would be slower if the meeting doesn't happen and tariffs become more intense.

The Trump-Xi summit is on October 31 and we will soon know where the markets are headed.

[Orpichukwu]

It's not a bad thing that prices have fallen by 7%-8%, because this kind of situation is nothing new.
Believe me, there are many who are waiting for such a price drop because it can be used as an opportunity to accumulate more Bitcoin.
Experienced investors won't panic if their goal is long-term, and for experienced investors, this kind of situation is an opportunity, as I said.

That type of situation is nothing new, but in history I witnessed bitcoin price movement which I had not witnessed before that day, like bitcoin dropping to $102k in a few minutes and later bouncing back to above $108k before some could notice it. If you don't check the chart, you will never know that such a kind of dump happened. Long-term investors will indeed take advantage of that situation.

[yudi09]

It's not a bad thing that prices have fallen by 7%-8%, because this kind of situation is nothing new.
Believe me, there are many who are waiting for such a price drop because it can be used as an opportunity to accumulate more Bitcoin.
Experienced investors won't panic if their goal is long-term, and for experienced investors, this kind of situation is an opportunity, as I said.

That type of situation is nothing new, but in history I witnessed bitcoin price movement which I had not witnessed before that day, like bitcoin dropping to $102k in a few minutes and later bouncing back to above $108k before some could notice it. If you don't check the chart, you will never know that such a kind of dump happened. Long-term investors will indeed take advantage of that situation.

Those who understand how the market works, even if they are considered newcomers, will not remain in a state of panic for too long. Unless they are only there to trade.

If you already understand that this is nothing new, your attitude toward determining what will happen can already be determined. Experience is enough to teach everyone to do better in the future.
No Bitcoin investor who chooses to invest for the long term complains about sudden price changes that cause many traders to lose money.
That's it. I'll just end this here.

[Issa56]

It's not a bad thing that prices have fallen by 7%-8%, because this kind of situation is nothing new.

Bitcoin price dropping 7-8 percent isn’t something new, it’s what we have experienced multiple times, and if bitcoin price is dropping right now, their is nothing to panic about because we should know that with time bitcoin price is going to bounce back. If you have been in crypto space for some time, and you still panicking just because of little dip in the market then you are not serious, everyone should be used to it already.

No matter how low bitcoin price goes, we should know that it’s going to bounce back, it’s something we should be use to already, all what we should just try and do is that, just try and hold, if the price is down, as long as you can hold, then you should expect the price to bounce back, but it might just take time, that’s why I do always encourage people to hold bitcoin for long term.

[STT]

BTC is volatile, not a new thing to be true but recently Bitcoin moved with a more gradual progession and often just within a know range, its been far more quiet hence it might throw off a few with the sudden pullback.  

  Right this moment BTC is acting positively, end of week today and BTC is putting in a positive candle for the weekly close.  On multiple measures, closing above the 50 day and also trending above weekly and now monthly moving averages.  It doesn't mean caution can be discarded but it has to be acknowledge BTC has returned to positive price action once again

[Out of mind]

In the last 24 hours bitcoin has lost over 7-8 percent of its value and price presently is about $110k recover from the bearish pressure which want as low as $107k, it's quite a surprising move, Although I made a post concerning an expectation of a potential liquidity sweep because of the imbalance of price below, but it ran so low and reasons may be because trump warns China of massive increase in tariffs or whale activities to take out liquidity. But this will defiantly leave investors in panic if it doesn't recover quickly.

The way the market fell was really scary, the market went down very quickly. But it later slowly rose again, although the market has not recovered enough yet. However, we can see that investors are not in panic now, but the market is now pumping a little and is in a good position. When the market fell quickly due to the tariff war between China and the United States, which affected many in the market, it was very full. However, those who invested from this risky position will now expect good profits because the market is now going up. I think the market will show a tendency to return to its previous position very soon and there is a possibility of the market entering higher in the coming days.

[BlackBoss_]

The way the market fell was really scary, the market went down very quickly. But it later slowly rose again, although the market has not recovered enough yet. However, we can see that investors are not in panic now, but the market is now pumping a little and is in a good position. When the market fell quickly due to the tariff war between China and the United States, which affected many in the market, it was very full. However, those who invested from this risky position will now expect good profits because the market is now going up. I think the market will show a tendency to return to its previous position very soon and there is a possibility of the market entering higher in the coming days.

The market can be affected in short term and even medium term but in the long term, it won't be affected at all. If you are doubtful with my saying, you can see the Bitcoin price chart displayed in yearly candles.

https://charts.bitbo.io/yearly-candles/

By realizing this fact, and preparing our mentality, we will have stronger hands and mentality in order to be unaffected investors in this market by short term and medium term news and market volatility. Focus on our accumulation and increase our bitcoin portfolio bigger and bigger with time. Bitcoin and time will work for us and make us richer with time and Bitcoin growth.

Another resource to enlighten us and make us more knowledgeable in this market.
Case Bitcoin (a useful website on Bitcoin ROIs over time.)

[traderethereum]

After the correction, we see the price increases and reaches $115k. It looks like the price wants to break the high price and that could be back to the last ATH, we hope. But we need to be ready for anything because Bitcoin is volatile. No one knows what will happen later, although we can predict it. But no accurate prediction that can tell the truth where the Bitcoin price will move.

This makes altcoins follow the Bitcoin move and lift the price. We hope that the Bitcoin price increases and altcoins will follow so we can make a profit, bigger than before. Next month is still unpredictable so we can only prepare for anything.

[Orpichukwu]

This makes altcoins follow the Bitcoin move and lift the price. We hope that the Bitcoin price increases and altcoins will follow so we can make a profit, bigger than before. Next month is still unpredictable so we can only prepare for anything.

Altcoin season this year I did not even know how it happens, whether we will say we have witnessed it or not, because I did not see that massive pump which happens during Altcoin season this year. If Bitcoin reaches a new ATH, let's hope it carries Altcoins along too, not just the major altcoins.

[Dave1]

This makes altcoins follow the Bitcoin move and lift the price. We hope that the Bitcoin price increases and altcoins will follow so we can make a profit, bigger than before. Next month is still unpredictable so we can only prepare for anything.

Altcoin season this year I did not even know how it happens, whether we will say we have witnessed it or not, because I did not see that massive pump which happens during Altcoin season this year. If Bitcoin reaches a new ATH, let's hope it carries Altcoins along too, not just the major altcoins.

There are no altcoin season for this year, at least not the biggest run that we are expecting from them. And there are no following the Bitcoin price either, it's obvious that Bitcoin has a massive gain starting this year while altcoins like Ethereum the supposedly prime mover is having a hard time reaching another new all time high.

As for that 7% value that we have lost, the market has rebounded from $107k price. We are now in the $115k'ish, so it means that the market has recovered. It might not be as high as what we expect, but at least a good sign that we already get passed that massive liquidations that we witnessed and everyone is trying to get back in the market and might believed that we are still bound for a good $130k or higher all time high again.

[siniminomorocomunisakito]

There are no altcoin season for this year, at least not the biggest run that we are expecting from them. And there are no following the Bitcoin price either, it's obvious that Bitcoin has a massive gain starting this year while altcoins like Ethereum the supposedly prime mover is having a hard time reaching another new all time high.

It's okay if the alt-season doesn't happen anytime soon, but I personally find today's market very boring, and everyone's attention is no longer on the main focus but on what the president says.

Why are rich people so whiny these days? It's strange.