Bitcoin crashing, $100k possible support - page 5.

promise444c5

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Quote from: Davidvictorson on December 18, 2024, 04:32:36 PM

I read your last sentence before I picked the excerpt but just put of curiousity what makes you think so? In the past, Bitcoin has gone from $50k to less than $17k

I added "I could be wrong though".. but my view on this is that we are yet to be in a bear market, the market is still in an uptrend direction, this is just a correction just as we experienced earlier this month and it's always been like that , once we have a some bull there's a possibility of correction which is most likely to be a minor correction as well.

Hence, I think it's too early for the bear market even though BTC could be unpredictable , it's still early for a bear market imo , we could dip upto 80k and maybe even 75k in bear market and we might not even go below 90k regarding how far we can hit this year.
These are all Speculations and I could be totally wrong once again

Davidvictorson

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Quote from: promise444c5 on December 18, 2024, 04:03:36 PM

Even if it goes below 100k I don't think it will go beyond 99k

I read your last sentence before I picked the excerpt but just put of curiousity what makes you think so? In the past, Bitcoin has gone from $50k to less than $17k

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Investors shouldn't panic as this is normal,

The only people who will panic are small time investors. They'll panic and sell and that's what those whales want. They'll quickly buy and increase their investments. Sometime ago, I heard that Whales are creating this so they can buy as panicky investors sell off.

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Keep holding this is just for a moment...

Still one of the best advice.

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Quote from: Oshosondy on December 18, 2024, 03:49:56 PM

It is disappointing that bitcoin crashed since yesterday but we should not panic and we will still get to all-time high.

BTC market chart shows high volatility in the last 24 hours and most depreciation in the value of Bitcoin happened in the last 7-10 hours, which signifies a temporary corrections phase for Bitcoin, this current BTC price movement is not enough to be called a crash yet, since the market has the possibility of regaining back all that has been shade off from the market in the last few hours back.

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What do you think. Will bitcoin decrease below $100000 or not? For me I guess not for now but I may be wrong.

This is just for general discussion and not an investment advice.

No Bitcoin won't go below $100,000 before it recovers back to its resistance level for the week which is around 104k-105k+, so with the current negative -5.32% regaining back is closer than a further decline at the moment.

Stalker22

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Then again, zooming out a bit, the price now is still way higher than it was even just a couple months back. So maybe this is just a normal downswing as things correct and settle.

I should probably avoid getting too wrapped up in the day-to-day ups and downs. That rollercoaster is no good for the nerves or wallet! Cheesy

promise444c5

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Quote from: Oshosondy on December 18, 2024, 03:49:56 PM

Bitcoin has been falling from all-time high since yesterday and now at $100300. I think people should not panic because this will possibly be the support for now.

It is disappointing that bitcoin crashed since yesterday but we should not panic and we will still get to all-time high.

What do you think. Will bitcoin decrease below $100000 or not? For me I guess not for now but I may be wrong.

This is just for general discussion and not an investment advice.

Even if it goes below 100k I don't think it will go beyond 99k unless it'strying to creakte another fakeout, so 100k seem to be holding at the moment but it might want to breach 99k a little if there's another retest imo, i might also be wrong though.

Investors shouldn't panic as this is normal, we can't just keep having a continuous upward movement without retesting/ correction , soon everything will be back to normal yet I know some FOMO buyers will have panic once again but that's normal, we will continue to have panic sellers aslong as the market isn't going in only upward direction .
Keep holding this is just for a moment...

Oshosondy

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Bitcoin has been falling from all-time high since yesterday and now at $100300. I think people should not panic because this will possibly be the support for now.

It is disappointing that bitcoin crashed since yesterday but we should not panic and we will still get to all-time high.

What do you think. Will bitcoin decrease below $100000 or not? For me I guess not for now but I may be wrong.

This is just for general discussion and not an investment advice.

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