Warning, Possible Market Fall

[Awaklara]

You don't have to panic seeing others prediction but you should do your own research to have the price to buy.

Sometimes the words of others can indeed affect our peace of mind, especially if they are said by someone influential. But aside from all that, what you said is correct. In a market situation like this, it's important to do your own research to determine your entry price target.
Some say we could fall further, but if the current price is reasonable for buying, I don't think it will be a problem. The most important thing is our buying capacity, as well as our ability to hold on to it.

[Bitcoin_people]

This week the market is giving a signal that the market may be dumping. We have already seen that the Bitcoin market has touched $67k and it is moving towards a lower level. However, if the price of Bitcoin goes above $70k in the market, then there is a high possibility of giving a positive signal, but we are now in a very depressed state of mind. The way the market is currently moving with its candles, it seems that there is a high possibility of a fall in the coming days. From my research, it seems that the price of Bitcoin will continue to fall and the market will start to become more volatile and the market may move closer to $50k.

[Doan9269]

And I think getting back to $100k is very much possible  
What do you think?

Likewise, even if we go below $20k it's not surprising  

You see, the market is not predictable as anything can show forth, however, we cant pretend to show being unaware of the current situation for the bear, lets not be too optimistic about it for now, because we are still far away from getting back to $100,000 am not saying its never possible, but not for now.

Also in addition, we are in the bear season already, the analysis could be the perfect indicator to what we are probably going to experience any moment from now on, because of the indications as seen, so if i will be more inclined, then am going to focus more of both the fundamental and analytical analysis and see how far this bear could last and to what extent before we are done of its season.

[WatChe]

Not surprise if the market is down. The market already hit the peak at $126,000 and usually, the price will start going down. But we don't know what price will be the bottom. The price down to $67,000 level and still go down so we must be careful and not panic.

We have time accumulating more Bitcoin at low price and if we can calm down, we will see that opportunity. If the price really drops again, people can starts buying Bitcoin and hodl.

You don't have to panic seeing others prediction but you should do your own research to have the price to buy.

If you have some spare money then its ideal time to invest that in Bitcoin through DCA technique. Why DCA is recommended in such scenario is because we are not sure whether price will go further down from here or go up.

Whenever Bitcoin price goes down, we have flood of predictions and that too mostly in negative directions. We must not panic nor pay any attention to negativity that is spread in the market. Our focus must be on accumulating Bitcoins in such situations because price of Bitcoin will eventually go up in the long run.  

[barbara44]

There is also a possibility that Bitcoin could rise slightly above $70k, and after that, there might be a decline that could lead to the $60k price level. Let's just wait this week; we might be wrong with our speculation. But in the short term, I think the market still won't improve. Even if there is an increase, it might not be a strong signal to exit the bear market.

Yes, everything is possible here, especially if we are only talking about realistic scenarios like what you said there. Although I think we will fall a bit first if this current price we had is not final and then once we recover, it will now be all the way. It will then take a long time again for us to see a bigger a dip.

It is only fine if you can't get your speculation correctly and that is why it is called as speculation anyway because there is no guarantees on it. An increase even if it is small is still an increase and it is still an improvement I believe. Small things still accumulates though and they can be huge later on, so I won't underestimate them.

[asriloni]

I absolutely agree to pick 71k - 72k as the resistance. It's also where the supply zone is exist. However, there's no guarantee breaking it will bring BTC up again. I remind you sometimes, Bitcoin was only doing a wick just to hit that zone, then it's going back down.

Other than that i also suggest you to see it in 1d TF. So you can see how it's slowly, but surely forming a dead cat bounce. Even if bitcoin can move up after it breaks 71k - 72k range, but it's just making the dump is gonna be even deeper.

[virasog]

The market is dismal at the moment but like @Knowngunman said, it's something we should get used to because this won't be the first time there's a drop that's this drastic. Bitcoin investment is about patience and courage. Prices are fluctuating everyday and I don't think I can predict what it will be like this week but I know that there's every possibility things would get better.

Even if the market falls, it would not be as devastating as we witnessed the Oct 10 crash or the one when bitcoin recently dumped to 60K. The reason is that a lot of liquidity at the downside is already taken off and now the more likely chance is that bitcoin will pump to 72K and if that level is claimed then the most likely target for bitcoin will be the 84K region where we have a very big CME gap.

I think that in the immediate short term the market is healthy and we may get a relief rally soon. Maybe after 84-86K, we may witness another major dump, but not at the current moment.

[dezoel]

While there are possibilities of price going down, it's really not required to do chart analysis to see this, it is clear that we are going to see this happen anyways. We are in the bear market, it is obvious that we are not doing that great and for that reason it is going to be quite easy to realize that we are going to see this fall.

However, if we want to be safe during this period then the best thing we can do right now would be making sure that we can handle it by shorting or DCA all the way down.