How much lower you think BTC can go in this drop ? - page 6.

MWesterweele

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Quote from: bassbity on February 25, 2021, 09:47:48 AM

In fact, when a correction occurs, all traders will be confused waiting for the price to be on target or take positions when there was a correction yesterday. we see bitcoin will experience correction again. If I had said yesterday that the price of bitcoin would not exceed $ 50,000, it turns out that my expectations were wrong, and it was under $ 50,000 a few moments later it stagnated. So there's an intrinsic factor that has recently fueled the saturation of the bitcoin market. Apart from political and strategic movements in America, we have seen a lot of ridicule and trying to bring down the price of bitcoin.

I do believe that what happening on the market value of bitcoin today was only a price correction, however i am also doubting of how much lower does it would goes on. I am hoping that this might only take on a range of $40000-$43000. Honestly, i don't have any idea why all of a sudden price decreases at this point. But to be honest if i am going to wait for a price correction like this and would going to buy, i guess i would wait for a much lower value of bitcoin than this.

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legendary

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We are now difficult to determine where bitcoin is going, but in that case you can understand it on a scale with analysis that can be applied in seeing the graphs displayed because some resistances are always different, what we respond to it.
But for me it is difficult for basic bitcoin again with a low value at least with a decrease of 5k-10k but it happens that it spikes so fast in a few hours so there is still something strong in this and some news also often influence the movement of bitcoin.

Fatunad

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Quote from: Pzdrc on February 25, 2021, 08:16:58 AM

Hi Guys i would like some opinions, in this drop how low can btc go before it starts going up again , any idea what is the resistance or what could the bottom floor be for it ? I was hoping around 40-42k but it seems that it does not want to go below 47k , what do you think ? Thank you

You should really get used to into these kind of circumstances because not all technicals would really be that accurate when it comes to possible price movements.
Drawing off some just support lines will give you the idea on what are the levels on where support is actually strong or not.So with that you can presume out
on what are the possible actions you would make.It is just that the market did able to held up to go further down and make out some recovery without any hiccups.

electronicash

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Quote from: Pzdrc on February 25, 2021, 08:16:58 AM

Hi Guys i would like some opinions, in this drop how low can btc go before it starts going up again , any idea what is the resistance or what could the bottom floor be for it ? I was hoping around 40-42k but it seems that it does not want to go below 47k , what do you think ? Thank you

you have figured it yourself but this is crypto so anything could happen. the lowest it had been was that $45k. if it quickly goes up after it, then it must be strong support there. it's a simple analysis i guess that if after few days/week that it won't break the $58k resistance, it's going to also dip again, and maybe we'll achieve that $40-42k. your wish is granted.

AicecreaME

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Here's my quick 4 hour timeframe technical analysis for BTC/USDT pair in Binance.

Let me explain how it works. We have the red line (which is the resistance) and the yellow line (which is the support). So the wisest trade you could do is to wait for a candle that would destroy the resistance, that's your first confirmation before entering a trade. The second thing you'll do is to wait for another bullish engulfing candle to break out even more above the resistance level to confirm that's it's safe to enter a long trade, and vice versa.

repear7

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I don't think that price of btc will down much. Demand of btc increasing huge. Some companies start making big investment in btc. I think it’s inspires investors to invest more in btc.

ice18

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If it goes below $40k that was the perfect time to accumulate bitcoin from 30k to 40k we must wait this March if what will happen to btc price and April or May will start another rally again just like the previous years but I dont know if history will repeat actually no one knows just be ready for possible and buy the dip.

orions.belt19

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Bitcoin looks to have some strong support consolidating around $47-48K so I don't see it going any lower unless other factors come into hand. I looks to be climbing up to $50K, only then to fall back down to around $48K then up again. It's been almost a week since we're experiencing this correction and recovery is becoming better so its possible that the price won't go down any further from this point on. Once it surpasses $50K, it could probably go up continuously then it will be some time again before it drops down. Then again, March is said to be not a very bullish month as it was this time last year when BTC crashed to about $3K.

youdacapt

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Quote from: Pzdrc on February 25, 2021, 08:16:58 AM

Hi Guys i would like some opinions, in this drop how low can btc go before it starts going up again , any idea what is the resistance or what could the bottom floor be for it ? I was hoping around 40-42k but it seems that it does not want to go below 47k , what do you think ? Thank you

Just as no one could predict how higher bitcoin would go in price; the same applies, no body knows how much lower bitcoin will drop this is a crucial moment when you need your trading strategy to work for you. Do you have one ? Seems and hope does not apply to crypto currency market trading; where are your facts and findings ?

jasonjm

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Quote from: Pzdrc on February 25, 2021, 08:16:58 AM

Hi Guys i would like some opinions, in this drop how low can btc go before it starts going up again , any idea what is the resistance or what could the bottom floor be for it ? I was hoping around 40-42k but it seems that it does not want to go below 47k , what do you think ? Thank you

Well in recent BTC dip the price touched $45k and there might be a chance that the price might get a bit lower than this before a pump. I think you should wait for a day or two because the price might touch $43k and you will get an opportunity to invest.

michellee

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I do not know how much lower bitcoin price can go down because as we can see, bitcoin price can go down to any lower price. The last lower price $45k, so the bitcoin price can go for the other lower price. But I do not hope that the price will go down below that price because that can attract people to panic when they see their value is decreased. They will do panic sell because they are worried if the price will go deeper than that, and they will try to buy back bitcoin.

bassbity

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In fact, when a correction occurs, all traders will be confused waiting for the price to be on target or take positions when there was a correction yesterday. we see bitcoin will experience correction again. If I had said yesterday that the price of bitcoin would not exceed $ 50,000, it turns out that my expectations were wrong, and it was under $ 50,000 a few moments later it stagnated. So there's an intrinsic factor that has recently fueled the saturation of the bitcoin market. Apart from political and strategic movements in America, we have seen a lot of ridicule and trying to bring down the price of bitcoin.

Pzdrc

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I am just thinking from the last correction from 39k to 32k it bounced back after a week, you think this time can go maybe toward 20k , i mean even 40k would be something, but do you see it coming ? Feel like there is a resistance at 45k but then again the suits have control

AliMan

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Quote from: Pzdrc on February 25, 2021, 08:16:58 AM

Hi Guys i would like some opinions, in this drop how low can btc go before it starts going up again , any idea what is the resistance or what could the bottom floor be for it ? I was hoping around 40-42k but it seems that it does not want to go below 47k , what do you think ? Thank you

What you're hoping right now was too little compared on my expectations. As year 2021 started, btc value skyrocketed quickly until $40k to $50k; then there could be a possibility of potential downtrend because it seems this price was too high compared from last ATH of 2020. Hopefully, there's another deeper corrections to take place that drops below $20k for us to have more chances to accumulate another asset to hold as preparation for $100k.

Pzdrc

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Hi Guys i would like some opinions, in this drop how low can btc go before it starts going up again , any idea what is the resistance or what could the bottom floor be for it ? I was hoping around 40-42k but it seems that it does not want to go below 47k , what do you think ? Thank you

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