Topic: Bitcoin on sale, will the support continues to hold? - page 4. (Read 444 times)
for anyone who has been following the bitcoin market for years knows that we have dangerous support at $39,000; $42000, before reaching these strong and dangerous supports we have the support that is at $44000 and $47000, we will only be able to worry if the price drops below $39000, as long as the price remains above $40,000 no problem, because eventually he retested the $50,000; $52,500.
Seems like the market is panic selling to me so no amount of supports could stop it imo. The entire market, not just crypto seems to have dropped quite heavily and as such we can probably assume that there's an external factor here at play that is influencing the market as a whole quite negatively. I reckon there's FUD spreading together with some real investors trying to pull out due to some circumstances or news themselves which caused the crashes here and there to actually happen.
FUD has been a great story every year, they always come to ruin the trend of the market and seriously, this is a yearly scenario and not a new one for me. The market is on big sale, we are down big time but for sure we will rise again after this. I’m buying good coins now and I guess this is the best thing to do than to panic at all. This is why for those who regretted that they haven't bought bitcoin when it was low, this is already good opportunity to accumulate your satoshis. Don't wait too long because we may be going up again very soon. As we have seen, it touched 45k level but we are already in the 48-49k as we speak. So even in that short period, someone already got profits. So it depends on the user how he will take advantage of the market today, will he buy or pass this opportunity?
Op Bitcoin price is already down below $50k and it may go down to around $43k before end of this month. This is not a wish but from the current trend of the market and how the festive season use to affect the crypto market in the past is what form this speculation.
I really do not like it when bitcoin price drops, it gives me a sad feeling knowing that there are some people who rely on their bitcoin to be at least stable if not profitable. However, I also have to say that even though I feel sad at one part, I also feel gleeful that I get to buy some more bitcoin for cheap. Not that I have too much money, specially these past 2 months or so wasn't really awesome, but I still have some saved aside just for days like these.I will be able to buy a small amount once again, and not even going to use full of it, just going to end up buying with half and wait for it to drop more to use the other half, if not then so be it. If you approach crypto as "money gone" and forget about it for years and keep investing tiny bit each time it drops, in few decades I am hoping to be a very wealthy person. Can't say if I will be able to, but I sure do not think these drops matter for that.
I'm sure a lot of people were disappointed with the Bitcoin price dropping to below $50k all of a sudden. Because as you said, many people really
hope that before the end of this year Bitcoin can reach new ATH. This is the risk of investing in Bitcoin, sometimes Bitcoin moves not according to
what we predict. I'm also surprised by this price drop, I don't think Bitcoin will drop below $50k. Maybe what we can do is buy more Bitcoin, if we
still have extra money. But if not, we just need to be patient waiting for the Bitcoin price to recover again. After all, most people do invest in Bitcoin
for the long term, so I believe that selling Bitcoin right now is just a newbie who panicked to see the price of Bitcoin fell quite deep.
Seems like the market is panic selling to me so no amount of supports could stop it imo. The entire market, not just crypto seems to have dropped quite heavily and as such we can probably assume that there's an external factor here at play that is influencing the market as a whole quite negatively. I reckon there's FUD spreading together with some real investors trying to pull out due to some circumstances or news themselves which caused the crashes here and there to actually happen.
FUD has been a great story every year, they always come to ruin the trend of the market and seriously, this is a yearly scenario and not a new one for me. The market is on big sale, we are down big time but for sure we will rise again after this. I’m buying good coins now and I guess this is the best thing to do than to panic at all. This is why for those who regretted that they haven't bought bitcoin when it was low, this is already good opportunity to accumulate your satoshis. Don't wait too long because we may be going up again very soon. As we have seen, it touched 45k level but we are already in the 48-49k as we speak. So even in that short period, someone already got profits. So it depends on the user how he will take advantage of the market today, will he buy or pass this opportunity?
Op Bitcoin price is already down below $50k and it may go down to around $43k before end of this month. This is not a wish but from the current trend of the market and how the festive season use to affect the crypto market in the past is what form this speculation.
I really do not like it when bitcoin price drops, it gives me a sad feeling knowing that there are some people who rely on their bitcoin to be at least stable if not profitable. However, I also have to say that even though I feel sad at one part, I also feel gleeful that I get to buy some more bitcoin for cheap. Not that I have too much money, specially these past 2 months or so wasn't really awesome, but I still have some saved aside just for days like these.I will be able to buy a small amount once again, and not even going to use full of it, just going to end up buying with half and wait for it to drop more to use the other half, if not then so be it. If you approach crypto as "money gone" and forget about it for years and keep investing tiny bit each time it drops, in few decades I am hoping to be a very wealthy person. Can't say if I will be able to, but I sure do not think these drops matter for that.
Op Bitcoin price is already down below $50k and it may go down to around $43k before end of this month. This is not a wish but from the current trend of the market and how the festive season use to affect the crypto market in the past is what form this speculation.
Seems like the market is panic selling to me so no amount of supports could stop it imo. The entire market, not just crypto seems to have dropped quite heavily and as such we can probably assume that there's an external factor here at play that is influencing the market as a whole quite negatively. I reckon there's FUD spreading together with some real investors trying to pull out due to some circumstances or news themselves which caused the crashes here and there to actually happen.
FUD has been a great story every year, they always come to ruin the trend of the market and seriously, this is a yearly scenario and not a new one for me. The market is on big sale, we are down big time but for sure we will rise again after this. I’m buying good coins now and I guess this is the best thing to do than to panic at all. Seems like the market is panic selling to me so no amount of supports could stop it imo. The entire market, not just crypto seems to have dropped quite heavily and as such we can probably assume that there's an external factor here at play that is influencing the market as a whole quite negatively. I reckon there's FUD spreading together with some real investors trying to pull out due to some circumstances or news themselves which caused the crashes here and there to actually happen.
Any support couldnt be an assurance for it to able to hold specially on a dumping market on whose it cant be sure if the certain dump wouldnt able to have some break out.So if you do wait up for those supports for some buyback then its not bad to reconsider on having trailing buys or simply DCA.
Tendency or chances for breaking supports is high specially if we dont see anything that will stop the current selling trend.
The market is so astonished and annoying, the occurrence of bitcoin degradation in price is not understandable any longer and any more, emerging the price decreasing from day to day, what we passed through like some years back is happening indirectly again, it assumed that the gravity of people demanding bitcoin is not corresponding positively to the supply, many investors is getting and experiencing negativity into investment of bitcoin right now as the price keep on falling instead of accelerating.
And so there's no more support line as this point because the price continues to go down very hard.
Just like hours ago when I checked the price we are still in the $52k'ish and now I was also astonished to see it going as low as $46k. Hard to explain what's the sentiments of the investors maybe except that majority are on the selling mode.
I'm not sure about the negativity as well, the last bad news we had is the covid-19 strain that might put the market into a precarious situation.
. Top coins having a double digit percentage towards the downside.The lowest that it reach was at $41,000 at least and right now the price is at $47,000 and we might see a bit of a capitulation because of what happened. Anyways, Bitcoin dropped into the 21 and 34 EMA which is already a sign of weakness. I just don't know why we are relying heavily in the fundamentals where the market is heavily affected by the sentiments and the emotions of the investors.
What we don't want to see is Bitcoin going below $40,000 because if that happens then what a famous TA that I'm following in Youtube is saying "Brace for Impact" because the odds of a potential bear market will increase.
Seems like the market is panic selling to me so no amount of supports could stop it imo. The entire market, not just crypto seems to have dropped quite heavily and as such we can probably assume that there's an external factor here at play that is influencing the market as a whole quite negatively. I reckon there's FUD spreading together with some real investors trying to pull out due to some circumstances or news themselves which caused the crashes here and there to actually happen.
The market is so astonished and annoying, the occurrence of bitcoin degradation in price is not understandable any longer and any more, emerging the price decreasing from day to day, what we passed through like some years back is happening indirectly again, it assumed that the gravity of people demanding bitcoin is not corresponding positively to the supply, many investors is getting and experiencing negativity into investment of bitcoin right now as the price keep on falling instead of accelerating.
And so there's no more support line as this point because the price continues to go down very hard.
Just like hours ago when I checked the price we are still in the $52k'ish and now I was also astonished to see it going as low as $46k. Hard to explain what's the sentiments of the investors maybe except that majority are on the selling mode.
I'm not sure about the negativity as well, the last bad news we had is the covid-19 strain that might put the market into a precarious situation.
For breaking that far for sure many people are now at fear and think about huge bear market will happen again that's why its expected that many traders right now are selling their stash to stop their losses from certain bad market situation happening right now. Let's hope that this huge crash happening is just for today and tomorrow the price recover since if this crashing will continue we might face the one we afraid to happen and that is a long days of heavy bear market season again.
But it's too early to say that we are in the bear market? There might be some FUD around like this one:
https://bitcointalksearch.org/topic/bitcoin-falling-due-to-fud-fear-uncertainty-doubt-5375333
But it's absurd and funny FUD though, in any case, I still believed that this is due to the new Covid-19 variant news. Maybe investors are afraid and chooses to sell right now. But usually this kind of news will be just temporarily and hopefully we will be back at least in the last two weeks of December and somewhat the price could rally to $60k++.
The $50k support just broke.
And alongside it BTC has now breached $1T market cap which is certainly some bearish territory right here.
I think that $40k support will be tested. Whether it holds or not will be up to chance, but I'm leaning towards the pessimistic side given the scale of the selloff (in fact, it nearly breached $40k on several derivatives exchanges during the liquidation of the longs).
And alongside it BTC has now breached $1T market cap which is certainly some bearish territory right here.
I think that $40k support will be tested. Whether it holds or not will be up to chance, but I'm leaning towards the pessimistic side given the scale of the selloff (in fact, it nearly breached $40k on several derivatives exchanges during the liquidation of the longs).
The market is so astonished and annoying, the occurrence of bitcoin degradation in price is not understandable any longer and any more, emerging the price decreasing from day to day, what we passed through like some years back is happening indirectly again, it assumed that the gravity of people demanding bitcoin is not corresponding positively to the supply, many investors is getting and experiencing negativity into investment of bitcoin right now as the price keep on falling instead of accelerating.
And so there's no more support line as this point because the price continues to go down very hard.
Just like hours ago when I checked the price we are still in the $52k'ish and now I was also astonished to see it going as low as $46k. Hard to explain what's the sentiments of the investors maybe except that majority are on the selling mode.
I'm not sure about the negativity as well, the last bad news we had is the covid-19 strain that might put the market into a precarious situation.
For breaking that far for sure many people are now at fear and think about huge bear market will happen again that's why its expected that many traders right now are selling their stash to stop their losses from certain bad market situation happening right now. Let's hope that this huge crash happening is just for today and tomorrow the price recover since if this crashing will continue we might face the one we afraid to happen and that is a long days of heavy bear market season again.
The market is so astonished and annoying, the occurrence of bitcoin degradation in price is not understandable any longer and any more, emerging the price decreasing from day to day, what we passed through like some years back is happening indirectly again, it assumed that the gravity of people demanding bitcoin is not corresponding positively to the supply, many investors is getting and experiencing negativity into investment of bitcoin right now as the price keep on falling instead of accelerating.
And so there's no more support line as this point because the price continues to go down very hard.
Just like hours ago when I checked the price we are still in the $52k'ish and now I was also astonished to see it going as low as $46k. Hard to explain what's the sentiments of the investors maybe except that majority are on the selling mode.
I'm not sure about the negativity as well, the last bad news we had is the covid-19 strain that might put the market into a precarious situation.
The market is so astonished and annoying, the occurrence of bitcoin degradation in price is not understandable any longer and any more, emerging the price decreasing from day to day, what we passed through like some years back is happening indirectly again, it assumed that the gravity of people demanding bitcoin is not corresponding positively to the supply, many investors is getting and experiencing negativity into investment of bitcoin right now as the price keep on falling instead of accelerating.
I don't think price support in the trading sense doesn't make much sense currently in this situation. I think bitcoin's price movements in the very-near term will mostly depend on macroeconomic stuff; as this recent drop was mostly caused by the markets in general dropping across the board in the first place.
Markets in general have been dumping for quite a while though and bitcoin has been rising first and then became stable after the small drop it had. In my opinion nothing explains this current panic sell down to $43k other than people being crazy and some FUD which I haven't yet heard circulating the internet.Erratic market movements like this can never be explained or predicted.
Agreed. However, sometimes bitcoin is very much manipulated by the whales. They short in the futures market first before they dump the spot market. We have witnessed sustained selling for weeks before this big dump we are witnessing right now. If anyone is not shaking their heads in suspicion on this then they might need to go to a doctor to check their brain.
I am just getting this scenario for the first time. Now that many exchanges are making it also possible to use bitcoin directly to trade USDT M futures, also that Coin M make use of coin directly, like bitcoin as the coin example. The whales can likely just use bitcoin for the trading and short it but later also sell the bitcoin which will result to further price fall. People just need to be careful, a lot of trader's fund had liquidated when bitcoin plunged from $57000 to $40600. The market is mature but there is still manipulations. 
I don't think price support in the trading sense doesn't make much sense currently in this situation. I think bitcoin's price movements in the very-near term will mostly depend on macroeconomic stuff; as this recent drop was mostly caused by the markets in general dropping across the board in the first place.
Agreed. However, sometimes bitcoin is very much manipulated by the whales. They short in the futures market first before they dump the spot market. We have witnessed sustained selling for weeks before this big dump we are witnessing right now. If anyone is not shaking their heads in suspicion on this then they might need to go to a doctor to check their brain.
YES! Bitcoin is on sale, and people are selling everything. Profits are just being taken towards the end of the year as Christmas Day approaches. That dump below through 50K like it was nothing. We had hoped at least to bounce back there, but that didn't happen. ATHs and BTC have essentially just gone sideways, so everything else is almost 30% down. However, I am not so sure until it starts, but once it starts, there will be a closing point.
But it's too early to sell? Christmas is like 2 weeks still so I don't understand the reason to cash out this early. Maybe this is a panic run again, the $48k support levels have been broken already so it's possible that we might be looking at $46k in the next 24 hours if the panic continues.So let's see how it pan out, all the support lines have been broken and it doesn't look good. But we all know how volatile this market is, maybe next week we will see the price bouncing up again and making a break out run.
I will continue to survive even though I am itching to sell it but I think this panic must be resisted and must not be weak in taking action, maybe in less than a month we will face bears and the rest will be positive.
Don't Hold too much on that because now that Bitcoin fell down hardly within just a day ? pricing 47k at this moment from 57k? this is a hard fall that we must take a look seriously .
remember that there are 2 things that might happen this Year end, that is
1 : Market will continue Bullying .
2 : Market will Bull trap.
now we can analyze what will come so Please be aware of what to come and don't trust speculation that High .
remember that there are 2 things that might happen this Year end, that is
1 : Market will continue Bullying .
2 : Market will Bull trap.
now we can analyze what will come so Please be aware of what to come and don't trust speculation that High .
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