btc dump today and yesterday - page 7.

Dave1

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Quote from: kvok1 on February 26, 2021, 05:36:14 AM

what is behind the dump which is in progress last couple days ?
I know its volatility , but comparing to last couple months its quite bigger
Cheers

Bitcoin losses around 26% last month, and reported that it was the worst since March 2020, wiping out around $150 billion. And this month we saw 23% dip as well, so the same thing happen again, repeating it's pattern. So I would say based on the cycle, it's quite normal to see it. But the thing is that bitcoin recovers very quick as well. So changes are, we are going to see another all time high next month to the tune of $60k-$70k tops.

jacafbiz

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I don't know when you got into the space but it is a normal correction for now to establish a new base for the forthcoming run. If you look at where we are just 4 to 5 months ago and someone mentioned BTC will be trading at $46k you will jump on that offer, the most important thing now is for $38k support to hold because I have a feeling we will likely touch that area. If you are looking to buy it is the time to deploy more capital into BTC because I have a feeling $72k range is coming very soon

Coin_trader

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Quote from: kvok1 on February 26, 2021, 05:36:14 AM

what is behind the dump which is in progress last couple days ?
I know its volatility , but comparing to last couple months its quite bigger
Cheers

Weak hands selling off is one of the main factor on the multiple dump since yesterday. Since coinbase news didn't fully stop the bears yesterday, Weak hands are now selling in able to exit with profit before there position got loss if the long bearish season occur. Most of this sellers are those swing trader that bought when coinbase news released.

Tytanowy Janusz

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Quote from: kvok1 on February 26, 2021, 05:36:14 AM

what is behind the dump which is in progress last couple days ?
I know its volatility , but comparing to last couple months its quite bigger
Cheers

No. Its normal.

5 market corrections during 2017 bubble was all 30-40%. We are now only 20% short from ATH. It is very likely that bitcoin will dump even to 35k before finding strong support.

Bitcoin needed strong dump. Weak volume during 50-57k rally already indicated that we will not go far higher without a little of panic.

kvok1

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what is behind the dump which is in progress last couple days ?
I know its volatility , but comparing to last couple months its quite bigger
Cheers

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