Topic: Bitcoin crashing, $100k possible support (Read 851 times)

Yeah I don't wish that the correction turns to dump as to replicate what happened in 2017/2018 when price dropped from an ATH of around $19,500 to 20k in Feb 2018 down to below $4,000 in 2019 until the COVID year in 2020 when bitcoin began to rise astronomically.

You are right that a steady move in profit is usually a time awaiting correction because the whales would pull out some profit and wait to buy cheaper again. This is historical and history would have a way to repeat itself for those who are abreast with the circle, buy low and sell high if you are a short time hodler.

FOMO => FUD => FOMO again.
Just stay steady everyone and buy the dips.
 

I am curious, did you call $92k a support level because the market almost reached it yesterday? That can't be. If at all you want to call peripheral support by virtue of where the market stopped before rebounding, one can still state the actual price level, of which the latest of such support level is at $92,300 (according to my chart), not that we will always assume the psychological level that ends with $..000 is the support.

However, I see a strong support at $91,882 on the 1D chart.

This is normal and healthy for the market, because it isn’t that good if price keep moving in the upper direction without giving a space to breath as the correction of such moves is usually a huge crash that follows,  but with this market corrective move, it most likely that the trend will on-board a lot of investors wanting to invest lately, But kind of see that the market left some liquidity untouched below 90k and I don't know if market would go back to clear those liquidity and gather momentum to its ride to the up side.

I’d ignore it because I’m not in panic mode over a small percentage drop. Bitcoin hit its ATH this month, so it’s normal to see some correction. It’s not like this is the first time the market has behaved this way, it’s all part of the cycle, just as it was before it climbed past $100k.

What we’re witnessing now is perfectly normal. The only real problem is if people fall for the FUD the same way they fall for the FOMO. Staying calm and focused is the only thing to do navigating these market fluctuations.

92k is the support rather the round number most apparent but its in this area off that bigger round number because of volume most likely.   Some highs and lows every day have ended here so it has accumulated significance.

One point I noticed just now that is a negative sign perhaps, the price action traded below the 50 day average for the first time since start of October.    It doesnt have to matter but its a negative sign, if we close below it will matter alot more.

I think the reasons are really complex rather than just one. The big rise that occurred after Trump's victory as US President was an expected action when many people were optimistic that Trump could change many things. He was one of the figures who supported bitcoin and invested in it, so demand really increased because of that belief.

Corrections continue as I write. The price of bitcoin has fallen by 13.2% in 7 days, this is a fairly deep percentage decline and it would be a shame to ignore it. Current price is $92,500, it could possibly go lower to hit $90k, but I'm not so sure about that.

Alot of profits has already been made by people that bought Bitcoin before the sudden rise in the price of Bitcoin after Donald Trump was declared the president elected. The reason for the price falling can be as you have said but the main reasons is not because of that but because of the news that came out from the government about the Federal Reserve's future interest rates. People were not happy about what they heard and this news is affecting not just the cryptocurrency market but that of others as stock. This news did come at a very wrong timing because there were already tensions in the market as we are in the festive period and most investors were paying attention to what the next finances news is going to be to make their decisions.

We cannot control it, I was able to find an extra $200 yesterday to buy at approx. $92k.
It doesnt matter what way the market goes but at times like these when Bitcoin
is on sale its perfect for buying.

There may be a factor where some people are selling for the holiday period but rest
assured medium to long term will indeed be bullish - I am not worried in the slightest
because I am long term HODLing.

If it fails to stay above $96K at the end of this month  then it would be the first time Bitcoin will close in red in an halving year.
Next week is going to decide how the month is going to end
But I'm quite pessimistic in the short term that if we close this week below $100K
There's a likelihood we will see more red this week
Finger crossed mid to long term is super Bullish.

the price of bitcoin is too much from the prediction for the year of 2024  , imagine from $1000000 and it really achieve $10800000 , so probably there's a high chance for Bitcoin to make more correction now since it started , i mean even below $100000 since xmas is very near as well wherein for sure more holder will cash out for their needs rather than expecting more ATH  for this year. Just saying

Panic is the thing that comes into my mind after seeing the decline, but rather I make myself prepare for another buying moment. Reaching back low again is something we have to expect after the ATH. The current situation just tells us and shows everyone that the price of bitcoin is still vulnerable to any changes. The volatility of the market remains visible, which is why we have to be prepared for whatever happens next. 

Maybe the price of bitcoin can't hold on and stay at $100k before this year ends, but I was confident that it won't go below $90k. 

I was about to say it won't go down to $100k and then I checked the price now. I have not been checking it for like 3 days and that's the day where it went down. Now that it is down at $96k, my bottom will be only $95k and I don't want it to go less than that. Trump's inauguration is near and that could have an impact on Bitcoin. IMO, this is just a correction and it should really stop now and make the bottom $95k. The other possible reason for another drop is people needing money this holidays where mostly high spending will happen. They might sell their Bitcoins in exchange for cash so they can give gifts or just use them for their own traditional events for Christmas and New Year's Eve. It will hurt the market a bit but it will definitely go back before February.

Probably at $96,000, it did go up at $97,000 but still volume are very low this weekend and this could be the reason why the price is somewhat on the sideways again. But if this support is broken, then yeah, $90,000-$93,000 but be the numbers that we have to look.

We still far from the bull run though, but obviously, it's good to end the year at the price of 6 digits. But we will see, usually at Christmas there might be some pump along the way so hopefully we can still get to at least $100,000.

some people said bottom already in, but I personally think there will be once more retracement at the end of the month, around after christmas, on the new year's eve. the market is trying to close at negative this month.

yeah the market needs to chase after the liquidity as a fuel, right now people are longing BTC big time and that needs to be touched as a fuel to go up, it's literally 1.2 B liquidation here that will act as a fuel for another rally

It's already down below 100k. I reckon we stabilize at 90-93, 94k ish? This was something I 100% expected to happen weeks earlier but I reckon the market was that hyped about the 100k so we stayed for a bit longer and even went up. If this continues I reckon we won't be dropping below 90k but we won't also be seeing any more pumps, maybe till middle of January next year.

Definitely think this stabilize was long due after that pump we had at 60k a few months back lol. Still, good opportunity imo to buy the dip since next year is the expected year for the market to actually go high.

No matter how high it will be able to reach out but still there's no assurance that it will really be not be able to drop down on a particular level on which we know that this market is really that too unpredictable and there's no way that you can be able to tell on where things be going specially here on crypto space where price is really that totally random. We might be seeing soon about $100k strong support but even if we do play around on $120-150k but doesnt mean that this support wont be having a break out. Expect always the unexpected and this is where we do make use of analysis specially on TA which it will really be that relevant on this case. If you dont have that much of trust of your skills and knowledge then you will be hesitating. Thing here is that you shouldnt really be removing the probabilities of having a crash or that correction on which this is normal because its been happening in the past on where prices dipped down into those levels that we didnt really  that expect for it to happen. There are really just that those moments that you will be having some emotional boost up specially on the time that we've seen the prices is really that making up some huge pumps in price on which this isnt really that applicable or seeing only on Bitcoin but also in other altcoins in the market. You will be having such situation on where you will definitely be seeing the probabilities on which it can happen to everything. Always get prepared to get in once you do see the opportunity for you to accumulate more.

I dont think its stable just yet, just below the monthly average right now.   So I need to see it even out alot more and hold that ground for me to have confidence.  The recent of the 50 day average was a positive but thats not enough to assume we have arrested the decline.

Every login I tend to have a chart that is a bit different and here I have support at 85k which is valid but question is which level of resistance and volume counts enough to turn around any selling. 
  I'm not really fully bullish on BTC till Dollar itself as an index is in decline inversely which should trigger the greatest move on the larger timelines for BTC to move up, till then we will move back and forth.  I hope its not as slow as March till November was but its definitely an option it go that way I guess.

As we already reached the 100k mark, people seemed to have high expectations and hoping that it won't go below 100k level anymore. But think of the fact that it has been more than a decade only before we reach this level, and for most assets, it would take years and years to achieve this market price growth.
If you are an investor in this market, better be conservative with your estimates especially if you are looking for short-term targets as you might be in the situation where you want to sell your coins when the price is still your buying price.

It is difficult to predict the market at this point whether the market will start with a rise or a fall at the beginning of next year. One thing we have been able to understand from a simple fact is that since the market has risen quickly, it is very common for there to be a big correction again, which is why the market can temporarily fall. At this moment, the price of each Bitcoin is 97 thousand dollars and if the market drops by 10 percent from here, it will not be too unreasonable. The interest of buyers has not yet decreased, looking ahead to next year. That is why I think that Bitcoin can return to a bullish form again in the new year. Over all ,it is reasonable to control yourself in any situation at this time. There is no harm in accumulating as much Bitcoin as possible.

For now, i also buy the idea of buying the dip the more, if we can see the market bearish down to $90,000 or below then we may buy and hold to have the market rise gain before selling, though we never know when the last all time high could set in and this may be at any time, but as for now, those that will be trading should be careful while the holders should take time understanding the best position to enter the market and possibly uses DCA to accumulate his holding pattern.

We have seen that Bitcoin has been dumping for the past two days and has been dumping from its high of $108,000 to $92,000. Seeing the dumping situation in the market, I thought that the market would crash further but today I saw the market almost go up. We have seen the price of Bitcoin rise to $99,540 today but here I was expecting that Bitcoin could go back to $100,000 and hit an all-time high. However, the current market situation is keeping me very confused as I am not sure which direction it will go at the moment.

I like your opinion about the price correction that occurred, everyone let it be too exaggerated as if what happened was quite severe when in fact if we look at the whole decline that occurred was only a small percentage compared to the increase that occurred in the last few months, even the deep price correction occurred only 2 days and now the price of Bitcoin has recovered significantly, currently the price is almost reaching 100k again and I am sure that will happen soon.

it's only normal to expect dips after such big rally to be honest, a pull back from $107k to $91k is completely normal when you get massive pump from $65k to $100k within short time, I don't understand the people who just gets too fixated on the flash dump ignoring the fact that not long ago we're still on accumulation phase at $55k.

crazy how people always projects thing to be linear without a drawdown, because such market is the unsustaining one and in practical, only random shitcoin could do non stop market rally and usually it will go down to zero in no time, BTC is different, the rally is healthy.

Yeah, looks like we are going to handle this easily, not going to feel that bad and I think the drop isn't that big. We have seen the bottom and we are going to go up from here, I do not think that we are going to see it changes all that much for the long run. Right now, bitcoin showed significant recovery from 92k levels and trading around 97k levels.

Just wait until it starts to go back up, I believe it will be fine, there won't be an issue. Too many times we acted as if this was a big fall and many people feared and sold, but there is no need to do that, there is no need to think every fall would become a big fall, because it's not. Sometimes it's just a correction and we shouldn't really consider this as a bigger than that, it's just a normal situation without having anything else on the long run as well, I personally believe that's just a fine situation.

well I set 2 buys

93333
and 89898.90

I hit the 93333

Actually the price of bitcoin doesn't constantly grow, it always have a bridge or limit at a particular time, on the process of growing, since I know bitcoin when it increases it also decreases to balance market equation, and that's why many people do Laments that investors should venture into long-term investment, instead of short-term investment, so I know very well, that bitcoin will continuously grow to certain level beyond other levels...so we are not supposed to panic when we see the price of bitcoin fluctuating or dropping in value, so we should know that of the price drop it do revert in value after it has gain it potential again, so for bitcoin to reached 100k, it will definitely drop to 98k-97k to gain it force to increase later. So we should not panic.

There is nothing disappointing if the price of bitcoin falls, only short term traders will panic when the price is going through corrections. The price of bitcoin going above $100k do not mean that it can't fall below that price again. Perhaps, there are investors that want the price to fall further so they can utilize and buy at lesser price. I have already kept some money while waiting for a DIP so that i can buy bitcoin at lesser price so if peradventure, bitcoin falls extremely, don't you think i will be very happy to buy more bitcoins instead of buying when the price was above $100k?

I think we need to eliminate, for now, jargon like Crash, panic... and in that line of ideas all these classic thoughts that surround the bitcoin environment when it organically declines after an ATH, we cannot continue in the same discourse... even that phrase "fear" if it falls below 100K, man we have a suffering range of at least +90k, we don't even have to panic if we see a +80k.

Whoever doesn't understand this at this point will suffer from daily depression, better numbers are coming, even before the end of 2024...

If we look at the patterns bitcoin is taking this time, we may not be too accurate in some of our predictions over it and some may be losing instead of making profits form it, the market is having a resistant and sentiment which occurs between $90,000 to $100,000 and if we must be profitable in our trade, then we must make more of our speculations withing these range in other to make it more easier for the same target we aimed.

As at today, we can vividly see that the market is dumping gradually and then later pumps back to $97,000 after it plummet to $92,000 and from there we still have to keep an eye on its volatility from the pattern its taking as direction for this season, the end of the year is going to be more profitable as well as being more volatile to predict precisely, when we are trading this end of the year.

While I can see some people in panic mode and selling, I do not think that many would think that way. We were lower than this just recently, so this fall isn't really a "fall" for most of us, we are still in a lot of profit so we do not consider this to be a big problem at all. I believe we need to make sure that we are dealing with a much different approach, it is not going to be that easy and it is not going to be what we deal with in the end, it is going to be something that will take a while and won't be a big issue at all.

I believe that we are going to see something different, things that won't be all that complicated and for that reason I believe we are going to end up with a different reaction to this fall, people who have been around for a while will use this fall to buy more and accumulate, people who could be newbies may end up selling because they fear. If you have been around for a while, you would know that it is a great time to buy more bitcoin right now.

Bitcoin will drop from $100,000 and will cross $100k again, but if someone is scared of a small price correction, then investing in Bitcoin is not suitable for them. Those who cannot easily accept a small price correction definitely need to learn about Bitcoin.

I guess Bitcoin can even drop below 90, but it is better not to panic there, but to prepare yourself for it. For those investors who are dreaming about Bitcoin, every dip in Bitcoin is an opportunity. They invest according to their ability at that time, but those who are scared, rather sell Bitcoin at a lower price than the price they bought at that time. The truth is that Bitcoin is gradually becoming more valuable and those who are thinking negatively are more likely to suffer.

Mostly a bounce today, we're ahead of the 12hr average at this point.   99.1k would put us above the 2 day average, till then its not nearly counting as recovering the positive initiative.

The lows today are very much reflecting the prior highs of early November.   Actually more important is the low today is close to the 50 day average, as expected to some extent we had to close the gap that had formed by the fast movement upwards.
  Now we are better acquainted with the masses who lag behind the highest spikes in price, medium term type considerations.  200 day average is back at 70k still as thats how slow the long term momentum moves.

I don't think so, quite a lot of people are hopeful of bitcoin going above $150k next year, so i don't think so many people will be selling just for the holiday season, enough to cause the kind of fall in price we experienced. It has more to do with news coming from the U.S. and the feds. That being said, it is good that the price is gradually going back up and i'm pretty sure that soon we will be above $100k again.

It was happened 2 days ago where FED lowered the interest rates, so I don't think the drop to $92K was caused by this. I would say it might due to the FED not want to revise the regulation in order to own Bitcoin, which make people think The US not want to buy Bitcoin as their reserves.

However, it's good to see the price has been recovered, you know sometime we see a news which make Bitcoin suddenly pump and suddenly dump.

Now bitcoin is back to $97K and maybe in a few hours it can go to $100K again.

Some people think this is because interest rates were lowered by the FED, triggering a sharp drop to $92K, but it's actually uncertain which negative news affected bitcoin to be like this?

Are most people withdrawing their money for the holiday season? It sounds like a bit of an exaggeration to have a drop like this.

It is normal for the price of Bitcoin to go up and down naturally, but for a short period of time, the price of Bitcoin was dumped, this is not panic. However, the price of Bitcoin touched a low of $92k, in which I think many holders who panicked and sold Bitcoin have basically acted like complete fools.
However, according to the current time, the price of Bitcoin will continue to improve further, because the bull run is not over yet, the bull run will continue until 2025. So we have nothing to panic about at the present time, we have to be confident enough about our holdings, holders who will basically panic and sell their holdings are basically living in a state of fools.

As if we’re not used to see bitcoin dipping its price. Even if the price drops more, we all know it’ll only be temporary and after a day or two, recovery can be seen already. Those who get disappointed are clearly new in the market, and have not deeply understood the price volatility of bitcoin.

However, this opens a new opportunity for new investors for bitcoin. They won’t be regretting anymore why they haven’t invest in bitcoin, at least right now is a good entry in the market.

And it keeps falling & now heading towards $93,000,  whats happening with Bitcoin and the crypto markets in general??

What's triggered this free fall of price because so far over $15,000 has already been wiped out...I haven't been following my news feed of late is it possible POTUS has said something that has put fear into our markets ??
New regulations maybe which are not being liked and the outcome is being reflected on the market's??

$96k has also been shattered, and we are down to $94k, I don't think that it was due to perma bears in the market. It's obvious that there are negative news coming from the FEDS that really cause the market to crash right now. Although I still believed that we can overcome this next year when Trump become the official US President. But for now, Powell statement has a severe effect, as there are investors who panic. But the thing is that when there is a sell-off, the market is still dominated by Bitcoin which means that they didn't put their money on the alts. So I think that is a good sign that they will be back in the market again, maybe they hedge and let this sentiments subsides in the next 2 days or so.

the DIP is not a big deal and overtime, we have gotten used to it.
even though it looked like it was going to get straight to $110k before any form of retraction, this still presents a very good opportunity for buying at a cheaper rate which i believe is the kind of sentiment that will be going on in investors mind.

how much of this DIP we will see and how long it will take before it bounce back above $100k at least before the end of the year is what we can not really tell but from what it looked like, this might just be preparing us for a long run of bull we might be seeing going into January.

You are right. But when I posted this, $100000 was the support. The bears were unable to drive the price below $100000 at the time. The price went up to $102700 before falling again which led to the price to dip below $100000. I can see that $96000 became the new support and the market is kind of going up right now. I think the news that cause all these may no long have effect again. They were really negative news.

I am writing two days after you opened the thread, therefore knowing that the price has dropped below $100K, the only thing to comment is that bitcoin is cheap, very cheap. A bargain I would say for what it is going to be in a year from now, and if we look much further ahead, as in 10 years from now we are going to take money from wherever to buy as much as possible at these bargain prices.


That's right, if someone is panic selling now they are fooling around. In general selling into bitcoin dips is fooling around but in the historical moment we find ourselves in many more.

As you say this is an excellent opportunity to buy very cheap.

Bitcoin falling deeper today which is down to $97k. The red candle still appear on the market but we hope people will not panic and can stay calm so they can think what they can do next. The correction can push Bitcoin price to go lower so we must prepare for anything that can happen. But behind of this correction, we have more chances to buy back more Bitcoin at this price because this price is low than few days ago. So when you can use this moment to buy back more Bitcoin, you will have more chances to make more profit. But it is better to calm down yourself and see what happen later so you can know what you should do.

Sure, you know at first when I saw this thread I never thought bitcoin will still fall more than $100k but seeing the market dip to $97k got my attention that it could even fall more.  But however we should not be much warrried about the price dip, as we have been conversant with it.  It even give opportunity to buy more for those waiting to buy the dip I suggest this is another opportunity to accumulate more.

There is nothing to be disappointed about bitcoin dip in price,  you should be happy because another opportunity to buy more has been unfolded.

We are having some minor correction today. Bitcoin's price tanked to $95,588, which is almost 12% below the new ATH we were celebrating two days ago.
Altcoins are getting hit even harder, as Bitcoin's dominance has risen to 57.6%, which is the highest since late November.
The Fear & Greed index also dropped to 69 (Greed).
The previous indications of Altcoins season turned out to be pre-mature. The CMC Altcoin Season Index got corrected and is now showing we are still in the Bitcoin season:


I don't think there's a reason to panic, unless we think the cycle's top has already been reached, but I think that's very unlikely.

Bitcoin has even been down to as low as $95,600 today before making the return down to $98,000, which it's trying so hard to maintain. We might likely see it back down to the $100k level, or it could settle down there, but if in the next 12 hours it's not able to cross to the $100k level, then we should expect it to drop down below $90k. 
 
But those are temporary, and we shouldn't expect much because the same speed was used to reach the $107k height, which has been its ATH. After the correction, we can expect a great move in the 1st quarter of 2025.

Hey, dear bitcoiner,
Bitcoin was fair to all of us who wanted to take profits. It hit 100k and remained in that range for a long time. Enough time for everyone that wanted to to take profits. It later went to 106k range and remained there for more than 24hrs. So, anyone who didn't take profits actually didn't want to take, that's nothing to be scared about. Just say you are screwed, wait for another opportunity next year.

And that crashed went below $100k. $95k was the lowest that it had reached within the 24-hour frame and I think that's fine. This opens the idea that we're going to break another ATH when Trump sits in the position. So, more of the fundamentals are what the market is reacting for. The FED, the cuts, etc. They're all doing the same thing and the other markets have reacted negatively as well. We're still bullish though when flash crashes like this has to happen.

And that $100k support has been broken down as currently the price is at $95k. We never anticipate as correction though, but it has something to do with the announcement of FED that Bitcoin might not hold BTC with the current laws.

If triggered a sell-off from this statement, nevertheless, I see this as a challenge for BTC and the rest of the crypto in 2025. We are still in the bull run and so this is just another setback for us. Hurdles that need to be overcome if we are going to see that the US will have it in their national reserved.

Corrections are only temporary therefore we are not supposed to be scared that the price of Bitcoin is falling, it has to fall for it to rise higher and bigger than it currently is. The price can not be rising without getting any corrections as there would not be money coming into the market to pump the price but after the market correct then it gives snore opportunity for people to buy and as they are buying, it is increasing the value of Bitcoin and it will make it to get to new highest price. For the support, I think we can see Bitcoin holding above $100,000 since it was the previous resistance of the market and there will be lots of buying order at that price from investors waiting for the price of Bitcoin to get to that price for they will buy in anticipation of a new highest price for 2025.

That is true. Someone posted in on X yesterday https://x.com/BTC_Archive/status/1869503363970425201?t=r0Wyq2WQyOjJGf6DxsPVBg&s=19

But I did not think to that direction until you also posted about it just now. I remember when bitcoin started to increased and got to over $108000 recently, it has to do with the strategic reserve Trump's post. But if there is negative news about it, it can make the price to fall. You are right, it will also be part of what contributed to recent bitcoin price fall.

And the Fed boss also doesn't want to get involved with Trump's plan to create a strategic reserve for US Bitcoin.

And this is the problem that has caused the price of Bitcoin to continue to fall and is currently at $96.900 - and I'm afraid that the price of Bitcoin will continue to fall to 80K and potentially many investors will panic.
And I hope that doesn't happen and the price of Bitcoin will go back to 100K in the near future, we still have to see what happens in the next few days with the price of Bitcoin, and hopefully it will reverse direction soon.

What cause of the recent fall started from the United States news about interest rate.

The price has continue to fall. The last time I checked the price, it is still falling. The lowest price that I saw before I was about to post this is $96200. Let us see if the price will continue to fall or it will start to increase. Be it either rise or fall, what I know is that the price of bitcoin will still increase and get to $100000 back as soon as possible.

What? Forced from who exactly? MicroStrategy is more than capable of surviving without even selling any BTC from its stash. Those guys trade every day (thus profit) and for sure they don't panic or listen news. Instead, they create news. It's in the game and they know how to play it.

---

Anyone who feels panicked definitely doesn't know anything about trading! We were waiting for BTC to fall somehow, so we could re-buy and place our orders!
Seriously, this should have happened much earlier. Let's be honest, such a bull run for such a long time, we had too much time to see. It was both logical and expected to happen. But that's also our profit, right? As I see it now, it seems that BTC can stand the pressure and piece by piece move up once more. Let's see if it was a bearish spike or something more.

The lowest price of bitcoin today was $97K and that was a form of panic action from traders or some investors in the market. To be honest, I don't know what the main cause of this downturn is - but I don't think this correction will last long as the market will recover soon. This kind of correction is well worth taking advantage of for accumulation - but always consider DCA as it is always possible to see the price drop lower due to very high selling pressure.

By the way - as I write, the price of bitcoin is $98.500. I hope the price does not fall below $97K and the recovery can be gradual. If you are a holder - control your emotions and avoid the market now so that your psychology is not disturbed.

Well this pump to 102500$ was just temporary or we can say it was just a relief rally and now we are further down to further low levels 97800$ and below. Seems like we may test the support at 94,000$ and the next support will be at 90,000$. Still i agree with you that there is nothing to panic, the market was over extended and the correction was due. Remember even in bull season, the corrections are normal.

Not only will the repeat of 2017 be bitter on the forum, but investors like Michael Sylor will be forced into liquidations and so will many other big bitcoin investors and long-term accumulators.

We hopefully will not see that bad situation in reality but we have to prepare our minds for anything as far as bitcoin is concerned, because in the past something greater than such a crash has happened after an all-time high.

You are right. Bitcoin also fall again below $100000 to around $99300 not quite long ago. The price moved not quite long back to $100000. If the price continue to fall, $100000 which is still the support may become a resistance. I hope this should not happen. But even if it happens, people should know that they are still in bull period and not just panic to sell.

Bitcoin price dropped to $98k today, then started to rise again. Now has a current value of $102k+. I think bitcoin price is not ready to stay below $100k. However, we should not panic when we see the price of Bitcoin falling. We are still in bullrun, expect Bitcoin price to go up a lot. Bitcoin is making one ATH after another, hopefully it will make new ATH again soon. Many think Bitcoin will be worth $150k plus in 2025. However, one should not be disappointed by the slight dumping. Based on past history we have to believe that the price of Bitcoin will rise even more in 2025.

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.

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

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

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.
Still one of the best advice.

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.
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.

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! 

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...

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.