Topic: Bitcoin failed at $58,000 and dropped by more than $3K in a day. - page 2. (Read 611 times)
October 16, 2021, 03:50:04 PM
Using just a day movement of Bitcoin to make judgement in my opinion is not a good idea, and am wandering why people are quick talk about the down trend of Bitcoin. Bitcoin price has gone above $62k after you open this thread and there is tendency Bitcoin will surpass $80k if not $100k before end of this year.
October 16, 2021, 02:29:28 PM
These $60k+ prices basically say that we are way too close to ATH and believe me that it will take some time.
I believe that we are just start of the bull run because that ATH breaking is a very hard thing. Did you catch what was the longest time that took for us last time we tried to break ATH?
I mean from $10k to $64k the place we stopped was basically $20k price and it took us a long time to break that and eventually we managed to break that and from there to $64k it was a lot easier. Which means that whenever you want to break ATH it takes a long time because there are too many people end up worrying what is going to happen and that is the problem, if we are not sure if it will break ATH or not then we are not sure what is going to happen and that is why we are going to wait and see and not buy during the ATH price and it will become very hard to break that.
I believe that we are just start of the bull run because that ATH breaking is a very hard thing. Did you catch what was the longest time that took for us last time we tried to break ATH?
I mean from $10k to $64k the place we stopped was basically $20k price and it took us a long time to break that and eventually we managed to break that and from there to $64k it was a lot easier. Which means that whenever you want to break ATH it takes a long time because there are too many people end up worrying what is going to happen and that is the problem, if we are not sure if it will break ATH or not then we are not sure what is going to happen and that is why we are going to wait and see and not buy during the ATH price and it will become very hard to break that.
October 16, 2021, 11:36:31 AM
I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.
It is not a failure instead that is what we called starting up lol look at the price now, staying at 57-58k and the momentum is still there meaning at any moment the value will increase high ./waiting for at least 60k before this Month end and another 10k before November ends means by December at least 90-100k is possible to reach.
October 16, 2021, 12:33:47 AM
but that doesn't apply for now because the current bitcoin price is able to break through $58k (to be $62k to be exact) and of course a $3k price drop is not a serious problem because to reach higher levels bitcoin needs to make corrections. after breaking the $50k resistance line the price of bitcoin shot up very quickly, and it looks like it's pretty easy to break $64k and $100k before the end of the year looks like it's about to hit.
October 15, 2021, 11:44:09 PM
what you said has now come true because bitcoin is recovering very quickly and currently the bitcoin price is only about $3k adrift of ATH. $3k is certainly not a big price for bitcoin, especially now that the bitcoin price is on a positive trend. so most likely in the next few days we will see a new ATH which is higher than before.
October 15, 2021, 06:29:18 PM
I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.
Your thread title looks like shit. Change it.
October 15, 2021, 05:30:38 PM
So the biggest mental barrier of $58k now has been breached already. So this thread now is somewhat moot, the failed attempt at $58k, then dropped $3k a day. But it seems this is over, it is invalidated already and maybe we are heading now for a new all time high.
By the way the market is rallying now, $58k was not even a barrier because it did not take much time for the price to breach those resistance. It is a common theme that you will see multiple users starting a thread with every rally and whenever there is a correction and that will keep on going.The price already touched $61,314 and i am expecting that we will see a correction now and i am curiously waiting to see what the next move would be as anything is possible in the few few days.
October 15, 2021, 11:25:33 AM
Now that bitcoin is about to breach 60,000 again with a couple of $100s to go could this mean momentum would have been built to push it up further and maybe see a $3k to $5k climb in a day as seen when it was bearish and this happening over the weekend makes it more bullish for me. But this being some kind of psychological area we have to wait and see how price will react around this price range.
Bitcoin as of this moment has already reached $60,207 so its more likely that the previous drop by $3k in just a day was a motivation for bitcoin to regain its momentum to push even more so that the strong resistance level will be surpass. And yes, its really happening now seeing the market becomes more bullish. I'm afraid the next step will be a price correction after that may drag down the price a little and after this, its now set to reach its new ATH possibly by this month. October 15, 2021, 10:30:48 AM
Almost reaching $60K now and if this will continue, we might break the last time high and create a new ATH.
Those bad news are over and it seems that the market is now showing better upwards run, we don't know
if how high this bull will pump and what more surprises Bitcoin will bring us.
As holders, it's a very nice scene in the market. We are seeing good growth with our invested money.
Those bad news were manipulation and nothing else. There are too many people who believed that we were living in a situation where we didn't know what to do and the reality is that we are doing so great that we didn't know what to do next and manipulators took advantage of that situation and created bad news so that the price would fall and they could accumulate from the lower prices and make a profit a lot easier.Those bad news are over and it seems that the market is now showing better upwards run, we don't know
if how high this bull will pump and what more surprises Bitcoin will bring us.
As holders, it's a very nice scene in the market. We are seeing good growth with our invested money.
I believe that we should not be doing something that is risky based on bad news or any news because we are opening ourselves to getting manipulated. Whales and nations and many other big powers could manipulate you easily if you end up buying or selling based on the big news they are sharing.
October 15, 2021, 09:09:53 AM
Now that bitcoin is about to breach 60,000 again with a couple of $100s to go could this mean momentum would have been built to push it up further and maybe see a $3k to $5k climb in a day as seen when it was bearish and this happening over the weekend makes it more bullish for me. But this being some kind of psychological area we have to wait and see how price will react around this price range.
October 15, 2021, 08:56:55 AM
I think New ATH will happen this month as the current bitcoin price is close to yesterday's ATH, and if true I'm very optimistic the bitcoin price by the end of the year will hit 100k as most people say.
100K is not a low value and easy to hit ,currently the price of bitcoin is 59K and the end of this year is about 74 day ahead from now ,bitcoin need around 41K to reach 100K level will it be possible for bitcoin to hit that? every day +2K maybe can but there is no guarantee that people will not throw/sell when they are already profitable ,70K - 80K might hit later this year but last I hope my statement is wrong and they are right bitcoin will hit 100K more 
October 15, 2021, 07:38:40 AM
bitcoin prices have often fallen thousands of dollars in a single day due to FUDs from China or elsewhere, and I think we've been past that many times. I think bitcoin will recover soon as you can see at this moment, even almost reached its new ATH again.
many parties want to drop bitcoin, it's just that bitcoin adoption continues to grow and causes a rapid price increase. however, the use of bitcoin will expand and the recovery will continue. that's what I learned after seeing some parties spread FUD and make the price of bitcoin go down. however, as of this year, it looks like bitcoin is strong enough to hold out. well, we are currently at $59k, and soon it will hit a new ATH.
It looks like Chinese FUD and whatever it is is no longer valid for investors and all bitcoin users because FUD from China has often happened so investors have thought smart and didn't care about it, except for new investors there might be a little worry or panic.many parties want to drop bitcoin, it's just that bitcoin adoption continues to grow and causes a rapid price increase. however, the use of bitcoin will expand and the recovery will continue. that's what I learned after seeing some parties spread FUD and make the price of bitcoin go down. however, as of this year, it looks like bitcoin is strong enough to hold out. well, we are currently at $59k, and soon it will hit a new ATH.
but I don't mind that and most importantly now and in the future I hope the price of bitcoin continues to rise and develop like some recent news about bitcoin adoption, and it looks like the good news about bitcoin will continue because over time everyone realizes bitcoin is good for them.
I think New ATH will happen this month as the current bitcoin price is close to yesterday's ATH, and if true I'm very optimistic the bitcoin price by the end of the year will hit 100k as most people say.
October 15, 2021, 07:09:08 AM
I see the price hitting the peak today at $60k.
So the biggest mental barrier of $58k now has been breached already. So this thread now is somewhat moot, the failed attempt at $58k, then dropped $3k a day. But it seems this is over, it is invalidated already and maybe we are heading now for a new all time high.
So the biggest mental barrier of $58k now has been breached already. So this thread now is somewhat moot, the failed attempt at $58k, then dropped $3k a day. But it seems this is over, it is invalidated already and maybe we are heading now for a new all time high.
October 15, 2021, 06:52:57 AM
bitcoin prices have often fallen thousands of dollars in a single day due to FUDs from China or elsewhere, and I think we've been past that many times. I think bitcoin will recover soon as you can see at this moment, even almost reached its new ATH again.
many parties want to drop bitcoin, it's just that bitcoin adoption continues to grow and causes a rapid price increase. however, the use of bitcoin will expand and the recovery will continue. that's what I learned after seeing some parties spread FUD and make the price of bitcoin go down. however, as of this year, it looks like bitcoin is strong enough to hold out. well, we are currently at $59k, and soon it will hit a new ATH.
many parties want to drop bitcoin, it's just that bitcoin adoption continues to grow and causes a rapid price increase. however, the use of bitcoin will expand and the recovery will continue. that's what I learned after seeing some parties spread FUD and make the price of bitcoin go down. however, as of this year, it looks like bitcoin is strong enough to hold out. well, we are currently at $59k, and soon it will hit a new ATH.
October 15, 2021, 12:42:02 AM
The answer is not sure to be a big influence on the Bitcoin price rate, I'm sure there are several other things that affect it. Well even though it looks like it's been affected by negative issues or something else, but basically Bitcoin is still recovering from the pattern that used to be around $40k+, which is now at the $50k+ level.
The chance to go higher or something like recovery is still there, just keep hold and wait while keep gaining another income.
Almost reaching $60K now and if this will continue, we might break the last time high and create a new ATH.The chance to go higher or something like recovery is still there, just keep hold and wait while keep gaining another income.
Those bad news are over and it seems that the market is now showing better upwards run, we don't know
if how high this bull will pump and what more surprises Bitcoin will bring us.
As holders, it's a very nice scene in the market. We are seeing good growth with our invested money.
October 15, 2021, 12:29:53 AM
I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.
$3,000 drop is nothing, literally nothing in terms relative to the current price. After what we saw in May this year, a $3,000 daily drop is barely worth mentioning. Sit tight & strap in, the next few months are going to be very exciting.
Just this month alone, is already exciting, $60k is almost there, and then $70k and then $100k.
Again, as for the drop of $3k, yes that is nothing, so I don't know why we still reacted to that kind of movement. We've seen worst and all we can do is wait for the price to hit the bottom, then we buy, hold, easy peasy. So relax OP, everything look bright right now, wait for the biggest break out once we reach $60k again.
I do not think that the bad news from China will affect the crypto market for a long time because crypto will find a way to lift the price and back to the high price.
Meanwhile, we have been allowed to buy many coins at a low price from this correction so we must use that for our benefit.
We will not regret buying it right now, especially if the price increases in the next week.
October 14, 2021, 10:49:48 PM
I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.
$3,000 drop is nothing, literally nothing in terms relative to the current price. After what we saw in May this year, a $3,000 daily drop is barely worth mentioning. Sit tight & strap in, the next few months are going to be very exciting.
Just this month alone, is already exciting, $60k is almost there, and then $70k and then $100k.
Again, as for the drop of $3k, yes that is nothing, so I don't know why we still reacted to that kind of movement. We've seen worst and all we can do is wait for the price to hit the bottom, then we buy, hold, easy peasy. So relax OP, everything look bright right now, wait for the biggest break out once we reach $60k again.
October 14, 2021, 09:44:51 PM
It is not because of China. Are you not tired of all these China news? It is about time you stop following China news and rumors. China is dead already as far as Bitcoin is concerned. Bitcoin has already banned China.
What just happened was a regular correction which normally follows a rally. After the price consolidates the rally will resume. Expect corrections like these happening in between strong rallies. We are on a bullish ride this entire fourth quarter of 2021.
What just happened was a regular correction which normally follows a rally. After the price consolidates the rally will resume. Expect corrections like these happening in between strong rallies. We are on a bullish ride this entire fourth quarter of 2021.
October 14, 2021, 09:04:12 PM
I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.
Be used to it because its not unusual, the price can drop further than that in just snap.Thus if you cant bear seeing such scenario then think if you still want to continue investing in bitcoin.
Because investors who already used to how the market move doesnt bother if btc and other alts turn downward.
October 14, 2021, 08:51:46 PM
The answer is not sure to be a big influence on the Bitcoin price rate, I'm sure there are several other things that affect it. Well even though it looks like it's been affected by negative issues or something else, but basically Bitcoin is still recovering from the pattern that used to be around $40k+, which is now at the $50k+ level.
The chance to go higher or something like recovery is still there, just keep hold and wait while keep gaining another income.
The chance to go higher or something like recovery is still there, just keep hold and wait while keep gaining another income.
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