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Topic: BTC falls below $92 in the last 24 hours - page 2. (Read 557 times)

hero member
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January 15, 2025, 11:13:36 PM
#33
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
What kind of profit do you mean, is the decline giving some people the momentum to enter the market. In 24 hours bitcoin has experienced a slight decline but if you look at it previously it was actually below it so that in the previous few days it had a slight increase. If you say for the long term it might be true that people can take steps to buy when there is a decline but the decline that occurred in 24 was actually small, so the accumulation of small amounts will not provide maximum profit for the process. Conversely for traders involved in futures and their profits depend on how they open entry positions.
sr. member
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January 15, 2025, 08:29:59 PM
#32
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?

It all depends on which order was opened by the trader. For those traders who have opened a short position, this is undoubtedly a good opportunity to make a profit. And if a trader had a long open, then most likely his position was liquidated by the exchange.

For those who trade on the spot market, this price reduction for all coins is a good opportunity to buy at a reduced price.

I have been doing that quite lately, buying at 90k range and selling at 99-100k range. Maybe a dumb trade, i guess (not an expert trader), but it gave me a decent amount of profit these days. I have used only fraction of the BTC holding I had, a very small amount, so I'm not worrying much.

Yes, it's definitely a  good opportunity for not only short term traders but also long term traders. They will be able to accumulate more BTC with this reduced price, and make their Hodling stash bigger.
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January 15, 2025, 05:25:16 PM
#31
And just after 48 hours, Bitcoin has recovered. While some alts are also doing it, it's all thanks to BTC's movement and resiliency.



From what i see this is Bitcoin trying to chase lower prices by trying to break $90k which turned out to fail again, retailers or investors do not want to lose this moment, they think this is a good price that may not be repeated again, so the price of Bitcoin is pumping again in just a few hours plus soon it will be ahead of Donald Trump inauguration, this is a breath of fresh air for investors who decide to put their money on Bitcoin, hopefully at the time of Trump's inauguration will say something positive related to Bitcoin so that it will trigger the price back up even more. 
I also think that this has something to do with Trump getting in the office next week. It's only a few days from now and that's why there is this rally that we're seeing from the market.
Guys, it is not every bullish trend the market experiences this day has to do with Donald Trump's inauguration there are a lot of things going on behind the scheme. Things like
1 Osprey Funds seeks SEC authorization to reverse its Bitcoin trust to an exchange-traded fund (which means more accumulation of BTC).
2 El Salvador working on widespread Bitcoin adoption and installing BTC nodes in every home.
3 BlackRock to launch iShares Bitcoin ETF in Canada which will make another milestone.

However, this positive movement may have been triggered by the Trump inauguration due to his positive stance towards Bitcoin, and his plan on BTC as a reserve strategy.
legendary
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To the Moon
January 15, 2025, 04:18:35 PM
#30
...plus soon it will be ahead of Donald Trump inauguration, this is a breath of fresh air for investors who decide to put their money on Bitcoin, hopefully at the time of Trump's inauguration will say something positive related to Bitcoin so that it will trigger the price back up even more.  

The fact that the price of BTC quickly recovered to $100,000 suggests that the market is dominated by buyers, for whom such a decline looked like a good opportunity to buy Bitcoin at a reduced price. But it may happen that when everyone expects a positive outcome from Trump's inauguration, the market will move in the other direction, contrary to expectations.
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January 15, 2025, 03:29:56 PM
#29
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
And just after 48 hours, Bitcoin has recovered. While some alts are also doing it, it's all thanks to BTC's movement and resiliency.



The 90k choke point is very strong, imo.
Won't be broken till there is a chain of events that would pummel the rally.
The $89k-$90k were the support and not later than today, we've hit $100k again.

And just after 48 hours, Bitcoin has recovered. While some alts are also doing it, it's all thanks to BTC's movement and resiliency.



From what i see this is Bitcoin trying to chase lower prices by trying to break $90k which turned out to fail again, retailers or investors do not want to lose this moment, they think this is a good price that may not be repeated again, so the price of Bitcoin is pumping again in just a few hours plus soon it will be ahead of Donald Trump inauguration, this is a breath of fresh air for investors who decide to put their money on Bitcoin, hopefully at the time of Trump's inauguration will say something positive related to Bitcoin so that it will trigger the price back up even more. 
I also think that this has something to do with Trump getting in the office next week. It's only a few days from now and that's why there is this rally that we're seeing from the market.
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January 15, 2025, 01:18:29 PM
#28
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
It is good for buyers, I had only one buy order and I could have gotten it lower if I had kept track of the market but still, currently I am 10% up in that trade. It is not an exception thing because 10% is too normal if we pick it at the right time. BTC dropped drastically that day I was shocked to see what caused it, and still the reason is unkown.

Alts were bleeding more than BTC, my portfolio have more alts that's why I was in lose and still in lose except few trades. Ovearall this pump is surely due to Trump's inauguration event.
hero member
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January 15, 2025, 08:08:16 AM
#27
Day traders always make money regardless of the market movement.

Not true, not all day traders are making money. To be more specific, it’s the successful day traders who do, and honestly, I think only a small percentage of day traders are actually profitable. It’s kind of like gambling, if they can’t consistently hit a winning percentage, they’ll eventually lose in the long run as the trading fees act like the house edge, slowly eating away at their profits.
hero member
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January 15, 2025, 08:00:45 AM
#26
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?

Day traders always make money regardless of the market movement. Some of them are lucky if they do the market research and understand the market movement before opening the position. Some of the traders will liquidate their position even though they did not want to do so, but it's a crypto market and it is so volatile that the market movement changes so fast.

If a trader opens a position without setting up stop loss and take profit, they end up liquidating their money. But, as I said, the more market movement, the more money they make. I do not do day trade, I became a holder for a while.
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January 15, 2025, 07:52:37 AM
#25
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
And just after 48 hours, Bitcoin has recovered. While some alts are also doing it, it's all thanks to BTC's movement and resiliency.

https://iili.io/26ajese.png

The 90k choke point is very strong, imo.
Won't be broken till there is a chain of events that would pummel the rally.
sr. member
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January 15, 2025, 07:38:07 AM
#24
And just after 48 hours, Bitcoin has recovered. While some alts are also doing it, it's all thanks to BTC's movement and resiliency.



From what i see this is Bitcoin trying to chase lower prices by trying to break $90k which turned out to fail again, retailers or investors do not want to lose this moment, they think this is a good price that may not be repeated again, so the price of Bitcoin is pumping again in just a few hours plus soon it will be ahead of Donald Trump inauguration, this is a breath of fresh air for investors who decide to put their money on Bitcoin, hopefully at the time of Trump's inauguration will say something positive related to Bitcoin so that it will trigger the price back up even more. 
hero member
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January 15, 2025, 07:32:56 AM
#23
OP is quick to react, but what a moment, Bitcoin at $97k!

Looks like we’re not in the correction phase yet, and there’s a good chance Bitcoin could push back to $100k. With Trump’s assumption of office getting closer, it might even pump further, considering the significant boost he gave Bitcoin when he first won as president of the USA.

So, just hold steady, don’t panic, and wait it out, things are looking promising...

Yeah, I also have the same thoughts, from $92k and then we zoom back to $97k. So that is just in 24 hours, so probably there is really a big hype on Trump assuming office in 5 days that's why there are a fresh set of FOMO again to push in to higher highs of $97k.

Of course, our target is still $100k++, but we are again very close to it and I wouldn't be surprised that in January 20 we might see it again as Trump will be sworn to office and there are a lot of positive news that will go along with it.

So let's not just panic and push the button, the future still looks bright for us, or until this bullish year.

If he had hit the buy button, he’d already be up by now instead of sitting around asking questions. TA is crucial for short-term moves, and while we all expect the price to rise because we’re bullish here, just blindly following what others say won’t cut it. If OP doesn’t put in the effort to analyze and make his own decisions, he won’t last long in the crypto trading game.
legendary
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January 15, 2025, 03:44:24 AM
#22
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
It just shows how Bitcoin rights are very strong at the $90,000 level. As you can see after it drops to around $92,000 it just goes back again above.
What I can see is, it just really creating strong significant support in $90,000 level and above. Slowly but surely, I love it.
hero member
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January 15, 2025, 03:11:05 AM
#21
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
And just after 48 hours, Bitcoin has recovered. While some alts are also doing it, it's all thanks to BTC's movement and resiliency.

hero member
Activity: 1344
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January 15, 2025, 01:03:00 AM
#20
OP is quick to react, but what a moment, Bitcoin at $97k!

Looks like we’re not in the correction phase yet, and there’s a good chance Bitcoin could push back to $100k. With Trump’s assumption of office getting closer, it might even pump further, considering the significant boost he gave Bitcoin when he first won as president of the USA.

So, just hold steady, don’t panic, and wait it out, things are looking promising...

Yeah, I also have the same thoughts, from $92k and then we zoom back to $97k. So that is just in 24 hours, so probably there is really a big hype on Trump assuming office in 5 days that's why there are a fresh set of FOMO again to push in to higher highs of $97k.

Of course, our target is still $100k++, but we are again very close to it and I wouldn't be surprised that in January 20 we might see it again as Trump will be sworn to office and there are a lot of positive news that will go along with it.

So let's not just panic and push the button, the future still looks bright for us, or until this bullish year.
hero member
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January 15, 2025, 12:52:40 AM
#19
OP is quick to react, but what a moment, Bitcoin at $97k!

Looks like we’re not in the correction phase yet, and there’s a good chance Bitcoin could push back to $100k. With Trump’s assumption of office getting closer, it might even pump further, considering the significant boost he gave Bitcoin when he first won as president of the USA.

So, just hold steady, don’t panic, and wait it out, things are looking promising...
full member
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January 14, 2025, 10:55:43 PM
#18
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?

I think, there is a good advantage for traders to use this current price trade to make income from the market, because the price of Bitcoin has increased above $97,000 which is a good price that can allow traders to enter into the market to double their income. There are some altcoins that will increase soon as alongside with Bitcoin, because some traders know that whenever the price of Bitcoin is increasing other altcoins price will be increasing too which you can see Ethereum and other altcoins showing green light already. If you want to trade your Bitcoin now, there is a confident that you will make income or you want to exercise patience for the price to increase higher before you can trade, the opportunity to make a huge amount of income is possible, because the price will still going to increase more before the bearish season appear.
legendary
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January 14, 2025, 10:17:36 PM
#17
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?

If you believe that the price of BTC can still be higher than the last ATH then every time the decline becomes an advantage for traders to buy, and you can see today the price even since yesterday the price has risen above $ 95,000.
Panic in the market can make traders hesitate so don't rush to make decisions, but because the bullish is not over yet, this is just a temporary panic.
legendary
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To the Moon
January 14, 2025, 06:52:56 PM
#16
...At the end of the day, the dump that happened yesterday affected all traders positively, and negatively.

According to Coinglass https://www.coinglass.com/ru/LiquidationData The amount of liquidations on crypto exchanges over the past two days has amounted to approximately $700 million. At the same time, most of the liquidations came from traders who opened short positions, hoping for a further decline in the price of BTC, while the market went in the opposite direction.
legendary
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January 14, 2025, 01:36:36 AM
#15
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
Heck, it even fell below $90,000 on Bitget (it reached as low as $89,000).
I saw it, but didn't went for a long position (which is my mistake since I had the funds at that time). I could've made at least 20%-30% more or less if only I did.

Is the downtrend yesterday a good advantage for traders. Yes, and No.
- Yes, for those who went short before that dump since they made a huge profit for sure by shorting the market. Also, yes for those who waited for Bitcoin to go below $90,000 then entered a long position because currently, Bitcoin rebounded, and its price is at the $94,000 price already.
- No for those who entered a long position before the dump started. No for those who tried to cut loss and then tried to enter a long position at a lower price again only for the market to go even lower.

At the end of the day, the dump that happened yesterday affected all traders positively, and negatively.
hero member
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January 14, 2025, 12:48:49 AM
#14
We should be glad to see the price increase back to $95k. But we must be careful and don't forget to analyze more to finds the time to buy. Maybe we will see another flash dump so we need to be ready for anything that can happens.

But this situation is good for those who wants to accumulates more Bitcoin. If they can place the lower price and waiting, they will have their chance to buy it.
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