Bitcoin crashed below $48K, is the bull market in danger?

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Quote from: Red Pie on March 01, 2021, 12:53:09 PM

bnb can rival ethereum. I think it needs some time. If we look at network density and fee amounts, BSC seems to be more popular now. It is difficult for bnb Price to reach ethereum anytime soon. these are my thoughts.

altcoins such as BNB and ETH thrive on hype because they can only go up in price if they get pumped. with ETH losing its main hyping source which was the token creation by the name of ICO it doesn't have the same pumping power as before. meanwhile BNB has binance pumping it and with this exchange growing it can get bigger pumps until binance dies.

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About 49k would be a good measure to hold as a low right now, its around the weekly average and a few other takes that could form an upper edge to range of BTC price action. I wouldnt say its in danger especially just standard revision in pricing after alot of rises.

Red Pie

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Quote from: RealMalatesta on March 01, 2021, 09:57:39 AM

Quote from: Red Pie on March 01, 2021, 06:58:43 AM

It experienced a rebound after seeing the $ 43k levels. Now at $ 47k levels. I think the bull season is not in danger yet. we are still in it. It would be wiser to talk about these once we get down to below $ 20k. I think this not ‘Crash’

Today looks like the day where bitcoin has finally recovered, I know it is barely over 47k levels and it is not doing awesome but the reality is that we have reached so much lower levels and it is 5% higher right now as well.
Looking at Eth for example, it is 11% higher today as well and looking at everything else, we are really doing awesome, only "coin" that is not doing great right now is USDT because everyone traded into USDT when they wanted to get out and now they are trading back to crypto which means they are selling their USDT, and since it is not something that drops under 0.98 or so easily (arbitrage prevents it) that is not dropping much neither, just 0.1% or something.

I am most happy about BNB, that was third ranked coin with a huge potential and just as it was on the rise, market crashed and stopped it is well deserved increase, if given a bit more time it could even rival ETH as well.

bnb can rival ethereum. I think it needs some time. If we look at network density and fee amounts, BSC seems to be more popular now. It is difficult for bnb Price to reach ethereum anytime soon. these are my thoughts.

RealMalatesta

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Quote from: Red Pie on March 01, 2021, 06:58:43 AM

It experienced a rebound after seeing the $ 43k levels. Now at $ 47k levels. I think the bull season is not in danger yet. we are still in it. It would be wiser to talk about these once we get down to below $ 20k. I think this not ‘Crash’

Today looks like the day where bitcoin has finally recovered, I know it is barely over 47k levels and it is not doing awesome but the reality is that we have reached so much lower levels and it is 5% higher right now as well.
Looking at Eth for example, it is 11% higher today as well and looking at everything else, we are really doing awesome, only "coin" that is not doing great right now is USDT because everyone traded into USDT when they wanted to get out and now they are trading back to crypto which means they are selling their USDT, and since it is not something that drops under 0.98 or so easily (arbitrage prevents it) that is not dropping much neither, just 0.1% or something.

I am most happy about BNB, that was third ranked coin with a huge potential and just as it was on the rise, market crashed and stopped it is well deserved increase, if given a bit more time it could even rival ETH as well.

blckhawk

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Quote from: Red Pie on March 01, 2021, 06:58:43 AM

It experienced a rebound after seeing the $ 43k levels. Now at $ 47k levels. I think the bull season is not in danger yet. we are still in it. It would be wiser to talk about these once we get down to below $ 20k. I think this not ‘Crash’

I wouldn't think it is on verge of danger as well because what we are all just experiencing now is a correction yet some people are already panicking that bear might come. For a couple of days, Bitcoin was hovering around $43k causing some fear for everyone that it might continue to dump, and now that it bounces back to $47k seems everyone is getting back on their feet. I congratulate those who benefit from this dip, taking an opportunity to buy, and now they making a profit.

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Quote from: digifinex.official on February 22, 2021, 09:25:48 PM

Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open.

https://cointelegraph.com/news/bitcoin-price-crashes-below-48k-but-is-the-bull-market-in-danger

But it is now claiming the price again climbing more than 3k in just 2 days . https://coinmarketcap.com/currencies/bitcoin/

The price fell down to 43,000$ recently but now that we are getting good again , Bitcoin is sitting at 47,900$ as i speak .

Quote

I'm still confident that we are only at Correction and in any moment we will climb high back again.

and also i know that This year is a Bitcoin season.

Red Pie

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It experienced a rebound after seeing the $ 43k levels. Now at $ 47k levels. I think the bull season is not in danger yet. we are still in it. It would be wiser to talk about these once we get down to below $ 20k. I think this not ‘Crash’

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Quote from: UserU on March 01, 2021, 04:00:15 AM

Back to over 47K once again, the dip was a good buy. The support is more impressive than I initially thought

At the same time, couldn't get to buy some alts while they dipped

The dip in a hours ago can bring us a good profit if we buy at that price to sell it right now. But I guess that the price will be up and down again in the next few hours. It seems the bitcoin price is not stable and it still fluctuates many times. So congratulations to traders who already bought at the $45k level. Now they are making a profit Grin

shoreno

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price drop at 48k and you call that a major correction ? but how much was the price last time . if im not wrong it was at 50k something and the difference was only small but small or big changes in value can somehow affect the bull run and it was in danger because there is a possibility that the 48k drop can go for more .

checking the price by now and it was now 47k , atleast the decrease were not fast as the last time decrease that we experience . we can feel that there is something that holds the price for it to not drop faster . hmm what could it be

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Quote from: UserU on March 01, 2021, 04:00:15 AM

Back to over 47K once again, the dip was a good buy. The support is more impressive than I initially thought

At the same time, couldn't get to buy some alts while they dipped

Today some whales are wake up in the market so again we see this good impact of BTC and altcoins and most of the alts are follow the BTC way, But it take some times so we are buy this situation it make good revenue on upcoming days.
All the traders are concentrate the desire projects so reddish coins are not a perfect choice for current traffic. I hope we are all see some better results on future.

UserU

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Quote from: ?? on ??

I just saw in a chart that March is a correction month and will bring a lot of dip in the market, I don't want to cause a FUD here, in fact, I'm hoping that the price will not dip further, and things will be different, compared to what happened in the past, I hope the scenario is much better compared in the past.

Nah, corrections are healthy. In fact, I'd also worry if the price continues to climb until 100K without stopping.

It's the same cycle when people realize their gains, cashout and the cycle repeats.

UserU

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Back to over 47K once again, the dip was a good buy. The support is more impressive than I initially thought

At the same time, couldn't get to buy some alts while they dipped

newwest

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Quote from: arufox on February 28, 2021, 04:10:25 PM

This is normal movement, after bull market for long, Bitcoin needs to rest before more jump. We all know that this moment will come but of course not a dangerous area. I think this is a big chance, Buy dip and HOLD and you will be a winner

This is an opportunity for those who were waiting for the fall and it happened, so that other who did miss it can now participate and own something before again it bounces back. So, bitcoin is always volatile and after rise fall is inevitable and It just happened. Also, now bitcoin is holding 46k range from last couple of days which gives little comfort here before it make upwards move.

arufox

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This is normal movement, after bull market for long, Bitcoin needs to rest before more jump. We all know that this moment will come but of course not a dangerous area. I think this is a big chance, Buy dip and HOLD and you will be a winner

lifeOK

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Quote from: coin-investor on February 28, 2021, 06:44:19 AM

Quote from: digifinex.official on February 22, 2021, 09:25:48 PM

Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open.

https://cointelegraph.com/news/bitcoin-price-crashes-below-48k-but-is-the-bull-market-in-danger

It's too early to tell and it's too early to exit the bull run, we have a very long bear trend 3 years so it's just right that we also have a long bull run one and a half year is ok and just enough to enjoy making a profit and enjoy trading, we'll see in the coming months if Bitcoin will go down below $35k or go back to $50k.

Yes, very early early to say! we're gonna drop to 40k, then 30% correction quite normal regarding the recent bull move. Due to the miner correction doesn't lead we're bear trend. I would like to buy now, but unfortunately, I have limited balance. Hung up until it bounces.

coin-investor

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Quote from: digifinex.official on February 22, 2021, 09:25:48 PM

Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open.

https://cointelegraph.com/news/bitcoin-price-crashes-below-48k-but-is-the-bull-market-in-danger

It's too early to tell and it's too early to exit the bull run, we have a very long bear trend 3 years so it's just right that we also have a long bull run one and a half year is ok and just enough to enjoy making a profit and enjoy trading, we'll see in the coming months if Bitcoin will go down below $35k or go back to $50k.

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Quote from: MinoRaiola on February 27, 2021, 03:42:20 AM

Quote from: aioc on February 26, 2021, 09:21:49 AM

Very interesting analysis, so it's a pull between the $37k level and the $63k level, based on the movement, it again proves that the month of February and March is the months of correction, so we'll see how things will turn up in the coming days and weeks, I am hoping that it will end up in the $63k level, not only me but we all are.

If the area between $42,000 and $44,000 holds, upward continuation is likely. In that case, the point of interest at $63,000 is still on the table.

- I think that's hard to say. Whether it's between $ 42,000-63,000 or we go beyond that. PlanB and its calculation of the stock to flow also shows 4 phases of a bull run and 3 corrections can be seen there. But i don't want to make a big analysis of it, but rather show you something.

That 63k is on the table and looks to be the most promising potential and there is a very very risky thing going on from the both ends of the situation. Because we are seeing people who think it will be under 20k and there are people who think it will be 100k+ as well, those are both wrong, I do not think that bitcoin will neither be under 20k nor will be over 100k its going to be somewhere around that 63k level and people do not realize that.

This is why I believe we are going to end up with a decent price and that decent price will not be liked by anyone, even though its cool to see bitcoin at around those 60-60k levels and I would be happy with that, there will be plenty of people upset that they sold thinking it will go up and there will be some that think bitcoin price will be 100k so 60k is nothing to be happy about neither. This is the problem we are facing.

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Quote from: aioc on February 26, 2021, 09:21:49 AM

Very interesting analysis, so it's a pull between the $37k level and the $63k level, based on the movement, it again proves that the month of February and March is the months of correction, so we'll see how things will turn up in the coming days and weeks, I am hoping that it will end up in the $63k level, not only me but we all are.

If the area between $42,000 and $44,000 holds, upward continuation is likely. In that case, the point of interest at $63,000 is still on the table.

- I think that's hard to say. Whether it's between $ 42,000-63,000 or we go beyond that. PlanB and its calculation of the stock to flow also shows 4 phases of a bull run and 3 corrections can be seen there. But i don't want to make a big analysis of it, but rather show you something.

Quote from: bct_ail on February 26, 2021, 08:02:00 AM

Quote from: LFC_Bitcoin on February 26, 2021, 04:40:51 AM

@Mishacrypto_com
#Bitcoin ₿ in 2017/18 compared to $BTC now.
https://twitter.com/mishacrypto_com/status/1365229886617628680?s=21

For a better assessment of a correction like today, the past price developments in earlier bullish phases of Bitcoin should be pointed out again. Both in the first strong phase of the price increase around 2013 and in the hype year 2017, several strong corrections of up to 40 percent took place. In view of the fact that almost all of the invested parties are currently enormously positive, profit-taking must inevitably be taken into account

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Quote from: carlfebz2 on February 25, 2021, 11:24:11 AM

Common sell off point!

Once this thing is over where the market is really shaking off those weak hands then it would eventually recovers and thats what happened on the current situation
we are in where it did dip -10k and just recovered back to 50k level again.

To those who had able to buy cheap coins then they do able to make profit in a short time.Bull market is in danger? You should always anticipate
for this thing to happen because we wont really able to see a market that would be having continous rise.

So be prepared and be smart always.

20% drop in the price isn't a common thing to accept from investors point of view in general because they consider that they are in 20% loss than considering it as 20% profits missed out which makes the people to start selling their coins at any price just to make something and the chain reaction will continue the drop further. Again 3rd time the price fell I guess and it almost went to 44K and recovered to 47K at the moment.

aioc

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Quote from: digifinex.official on February 22, 2021, 09:25:48 PM

Bitcoin price dropped below $48,000 in a major correction on Monday right before the U.S. market open.

https://cointelegraph.com/news/bitcoin-price-crashes-below-48k-but-is-the-bull-market-in-danger

Very interesting analysis, so it's a pull between the $37k level and the $63k level, based on the movement, it again proves that the month of February and March is the months of correction, so we'll see how things will turn up in the coming days and weeks, I am hoping that it will end up in the $63k level, not only me but we all are.

Topic: Bitcoin crashed below $48K, is the bull market in danger? (Read 767 times)