Topic: Bitcoin crashing, $100k possible support - page 4. (Read 851 times)

It is too early for panic after all we all knows how volatile bitcoin is. People who may likely panic are the traders but the hodlers don't care about the price fall or dip rather they buy more and more.

I think you should be more knowledgeable about bitcoin characteristic by now,  because saying that "it is disappointing how bitcoin crashes"  sounds as if this is the first time bitcoin is Falling.

Whether bitcoin decrease or increase, it remains it nature. It is important to accumulate more if it dip. When people where skeptical about bitcoin was after the ATH of $69k in 2021, bitcoin dip to even $15k during early part of 2023. this is the time people where suppose to be skeptical but now it has crossed $100k there is no need to panic.

I have read a lot of speculation from experts and experts analyzing the current and future development of Bitcoin, I just hope that their speculation & predictions are correct, that's what I hope.

For this reason, experts speculate that the action that is currently taking place on Bitcoin is because it has fallen, it is a game from investors, they have taken a profit of $7k/Btc. Yesterday they bought $100k/capital and made a profit of $7k/Btc, now they have given up all of that, Experts also speculate that Bitcoin's rise will occur again in the next few weeks and will end the $100k period in May 2025, that is their speculation.

Bottom line: the current drop is not a real problem for investors, it's a profitable ploy, $100k is still on the way.

Panic is real its not just one person but yea I agree overall.   Its important to recognize that the greater the gains the more extended we are and we are involving more people who are pure speculators watching a price like its a horse approaching a finish line for them.

The set backs within a bull trend are normal and the more cycles of BTC you have been around and experienced the more funny the panic people might have is, but it is real panic I guess and can bring us down some.   Jitters is what I would call it.


Good news on official asset allocation standards etc., thats part of long term development to BTC.   In my time we've gone from its on fire and will die soon to it being a bank asset somehow, a big range.

Its rare for me to be succinctly right so I'm going to quote myself lol

recent low today was 98.8k set in Asian trading though price will always vary around the world vs all the varied currencies traded and exchanged etc.

I wont post the chart but we are back to the weekly average and while that fight is ongoing its not yet fully positive.  We can bounce sell many times, markets dont like you to know exactly whats next or it'd be too easy.    Also Dec 9th to 11th we were also similarly faltering below the weekly average its just a normal fluctuation and challenge market price has to deal with or it'd not be a valid market.


A proper trend down would be something to note.  Mid bull run I think we lost like 40% in years past and yet it recovered (soon) amazingly, this is  complaining about a puddle like its a tidal wave yet BTC will knock you off your feet sometimes be ready

Bitcoin price has been down a little bit and has come down to $98k. I think it is not a panic and Bitcoin price has increased and touched $101k, it is a temporary dumping. The place we are currently in the Bitcoin bull market is in the middle of a bull market.
 So I believe Bitcoin price will make new records again and break the previous record of 108k. Because there is still a lot of potential for Bitcoin price to increase, we will see Bitcoin price hit even higher in 2025.

If a person understands Bitcoin, he will never feel shaky during such periods, because they are temporary, and the broader picture would be saying for itself.

Who was panic? it seems only you.

Yeah, I think many people can't accept if Bitcoin price down a little bit while forgetting how big Bitcoin price increased from the last few months.

It seems that the banks are allowed to own Bitcoin, but they just not explicitly to announce they will own Bitcoin. I believe that's the reason why we suffered short dump now, because people are more paying attention with big people words than do own research.

Because the idea of Bitcoin reserves comes from Bank for International Settlements (BIS) since 2022, it will be effective in the next year.

even if it does dump to the level of $85k, I'd expect next leg up it will reach ATH and possibly create new ATH again, BTC can go straight from $58k to $100k++.
I doubt people gonna be scared shitless when BTC hitting $85k and might instead consider to buy again.

BTC is deflationary, strategic reserve that involves BTC is on the way, I'd think BTC at this price still a great deal for investment.

After hit the new ATH, Bitcoin price slowly to go down approaching Christmas. It makes us be aware for the next down of the price but in the other side, we will have more opportunities to buy back more Bitcoin at any lower price we want. But new people will still panic as they are lack of this and confuse why the price is down.

Yes, it is disappointing but we can not do anything except wait and see. I don't have any idea for now because the price seems still want to go down for more. All we can do is just prepare for anything that can happens.

Just make sure you have your cash to buy back Bitcoin. But if you still confuse and worry with the next lower price, you can wait and decide your lower price to buy back.

For now bitcoin has fallen below $100K maybe a little drop again in the next few days, this reaction may be quite panic for some investors because it suddenly fell quite deep from its highest price.

Maybe because the news of US interest rates falling caused crypto prices to fall too... But don't panic, maybe this should be called a correction and bitcoin can bounce back up.

Perhaps I believe that almost every prediction here are mere guesswork because there are no facts to back up those predictions even technical analysis do lie sometimes compared to mere guesswork at the same time it can end up being in your favour but that's only a matter of luck.

Personally I think only those trading or day traders are the set people who would probably panic for any little pull back in the market. it's a norm to me when I see little pull backs as they are the price  correction that we usually talk about bitcoin bitcoin can't stay in the ATH for too long it will have to create it's balancing pull back.

Fair enough! it has to reach something closer during this pull back to make a solid balance on the chart and this might keep occurring while we bring new ATHs next year.

Currently, most people are in panic, the market position has deteriorated a lot, due to which people have lost a lot of their money. We have seen Bitcoin completely dumping from its all-time high where the price of Bitcoin has touched $100k. Although we have already seen that the reason for Bitcoin dumping is Fed Chair Jerome Powell in a speech, he said about Bitcoin (we're not allowed to own Bitcoin) Since this news was heard on social media, the price of Bitcoin and the price of all coins have dropped a lot. Due to such disappointing news, a lot of people have lost their money in the market, especially those who have traded futures, however, people are still confused. However, I believe that the price of Bitcoin will reach its all-time high again, but it will take some time, since the new year is waiting ahead, so we should wait. We have to have faith in Bitcoin, and it will definitely rise again, for now we can hold Bitcoin.

Zoom out... zoom out bro

I'm curious as to how you picked that specific number--not being a believer in technical analysis, I'd have to say that I've heard statements like yours before (and I mean no offense) and it's mostly just guesswork on the part of whoever's saying it

And of course people shouldn't panic because bitcoin isn't continually rising or at least staying at its ATH.  Anytime the price has risen as fast and steadily as it has in the past three months, it's always followed by a correction if not a full-blown crash.  Hopefully what we're seeing isn't the beginnings of the latter case scenario, because that would suck.  Having a repeat of late 2017 would not be fun, nor would it be good for the forum IMO.

Bitcoin hit $100,148 on my platform yesterday, that was pathetic but it didn't happen without a reason even if many did not know. Though it was unable to sustain the current ATH of $108,400 shortly after hitting it on Tuesday, it has done a good job, it's normal that a few people will continue to panic and liquidate so fast which causes the unsustainable ATH.

But yesterday's sharp fall was due to many crucial US news of Funds Rate and FOMC decisions. The rate cut of 25 basis points supports the USD, and so is the FOMC tone that was Hawkish.

Its not crashing its just a pullback and perfectly healthy to do so.   98.8k is the level Im watching for a reaction to assess fairly the strength of the move vs prior volume resistance.  Its no where near the 50 day average which is why Im saying its fine and a good thing overall, unless you were selling this week or this month its not the greatest concern.

Main markets dont like that Federal reserve appears likely to only reduce rates 2 times in the next year.  They may have hoped for an easier regime but inflation stays high and that was already apparent to me and reflects in the BTC price to some extent.   FED is always behind the curve reacting after the fact so they caught with reality slightly but we'll see, its a bad system and inflation is ongoing and causing many prices to rise anyway.  For now BTC has a blip down to watch, its not a great concern is my take and I did expect it had to sell at some point to rid the barnacles on the hull or however you want to phrase the excess in the price.

102k is the weekly average and below that expect an overall negative resolution for the moment is normal action.  Something closer to 100k and then possibly it changes direction, sentiment then we'll see.

I will also go with the possibility of the bitcoin not actually coming below the $100k, and leaving the $100k as a support, bitcoin since turning this $100k looks more like a coin destined for the top and not actually going to be falling down. This doesn’t mean that it won’t make a correction which we are all seeing now,

So for me with the support at $100k I will call it the primary support and should there be any issues or news which seems negative then we might see the price actually correcting way more below the price probably close to like $97k which is another support area and I see it then settling within range

I agree, there is no need to panic with the crash. It's normal to see this so that Bitcoin can come back with a greater high next time this crash is done. Wait a day or two and we'd see a recovery from it, that's usually how it goes and that's why it is best for everyone to just wait and buy if this $100k is the likely support.

It is possible for it to look for a lower support. But to think that Bitcoin is now at the support of $100k for someone who have held for years, there's nothing to be worried of and this is not a thing to get panicked. We saw last time when a flash crash happened that Bitcoin cross nearly below $90k.

I see it more like a trader speculation. It only means that there are sometimes that the exact price stated can be breached. Like bitcoin to get below $100000 but not falling so much further before increasing back. All are speculations. Analysts can be right or wrong.

Bitcoin just get below $100250 again but likely the market price will increase again. All needed now is for bitcoin to break the upper SAR dot and dip it down which might encourage some people to start buying again.

We all have anticipated this crash but it seems that we were taken unaware. I expected the price crash that first time that 100k was hit but it stayed a lil longer thereby suggesting a psychology support. But when the price shot to 106k,  I had thought that crash is not possible eminent this December again. But I was so surprised seeing bitcoin crash heavily. However, I think there's an imaginary support in 100k which is actually going to turn to Real support.

$100K a psychological resistance before has become a psychological support
Even if it does breach it
I believe it would be temporary
We have experienced quite similar corrections for the past months
Quite a few even this month
But they usually turns out to be a correction before an ATH.
I doubt this would be any different in my honest opinion.
Besides the fall is as a result of a News not that the resistance was unbreakable.