It is unfortunate to see the price falling under $50k, I hoped it will consolidate over that barrier but it dropped twice so far. However it is a good opportunity to invest. Barely all coins dropped by 10%, Musk indirectly affected it with his blind followers.
Now $44k is possible, yet the price will rise again sooner or later.
Topic: i think we will see bitcoin 44k sooner - page 2. (Read 739 times)
During a few minutes the price reached 46k however I am not worried about this,
Are you a long term holder?I feel that only long-term holder never care about price correction while other traders experience panic. Panic selling lasted a while and today it seem that many of them are selling at lower price. Personally, I will not survive in a market experiencing a correction beyond my limits. CL is one of the methods I usually use.
well today the price has dropped a lot and it’s at $48,000, but even with this news that Tesla has stopped accepting bitcoin as a means of payment because of concerns about the environment (I know Is a big joke because they already knew everything before buying bitcoin) and caused the price to drop to $48,000, but from what I see I got it right when I say that the price of bitcoin did not fall below $40,000, and it is impossible for that to happen, the support that is in the $42,000 is unbreakable.
During a few minutes the price reached 46k however I am not worried about this, it seems this happened because people got scared that Elon Musk seems to be reversing course when it comes to bitcoin, however to me this seems to be a maneuver to obtain more coins for a cheap price.After all I doubt Musk is as dumb to just invest in the best asset of the world that gave him more profits than his car selling business and he is going to decide to sell now, he is just manipulating the market and newbies are falling right into his hands.
well today the price has dropped a lot and it’s at $48,000, but even with this news that Tesla has stopped accepting bitcoin as a means of payment because of concerns about the environment (I know Is a big joke because they already knew everything before buying bitcoin) and caused the price to drop to $48,000, but from what I see I got it right when I say that the price of bitcoin did not fall below $40,000, and it is impossible for that to happen, the support that is in the $42,000 is unbreakable.
My strong reason is that bitcoin is corrected with the shocking news from Elon Musk that the tweet could make the market worse and I think this is temporary and won't go below $40k. That's right, you say.Sometimes I also always look at some saying from people who are simpler in dealing with this and remember that Elon Musk can change the market but of course if we don't panic this will not happen especially in novice investors who now depend a lot on Elon musk.
Now that Tesla has stopped accepting bitcoins, it's just a momentary direction and we will see bitcoin recover.
this is not a fud and its not intended to scare anyone or make you dump if you cant hold especially the newbies and paper hands. just to get you prepared ahead of it. lets hope we dont go lower than that else we might take much longer in this dip.
bitcoin really need to find new support level on this situation., because what a massive dump in just days? and to be honest its now seems still not in a good condition below 50k. For sure theres a panic selling thats happening right now in the market.. If this becomes more worse it will keep decreasing and even 44k isn't enough in my personal opinion. Because just imagine in just days it plunges so hard... We still don't know what the bottom of this but this $49k is quite strong as a support these days. Bitcoin seems to have a hard time to break the $60k resistance then suddenly Elon Musk tweet reflected a lot on the market. We can't blame him for that but it's just so lame to make an excuses like this like they don't know where their energy for Tesla coming from. lol
Maybe the best ideal decision to do if the market is volatile is to be patience to see how the market goes since if traders will rush things and enter on unknown space maybe they will left bag holding then crazily shaking when seeing the market is on red.
In fact, today we have seen the market undergo a correction and panic engulfs traders. As I mentioned earlier, sydways are conditions where trader must be prepared for price movement that may experience a correction. The panic has caused bitcoin to trade below $50K for some time.Although its quite difficult to know the next price movement but its better to see the chart to see the price actions since it will give us a hint ok what will happen in next following days.
It is almost certain that if market conditions are experiencing sydways, usually there will be a correction. I have noticed it on several occasion. The monthly candle stick shows that during April and May 2021 bitcoin price has decreased and now we have 2 red candle after ATH at $64K formed. What's next? 
Not scared at all as I know it's possible to happen.
If we based on the past, it could dump lower than $44k.
AFAIR, bitcoin hit $20k and then dump to $3k.. so from $60k now, it's possible that bitcoin will dump $10k or below.
it's very unpredictable but one thing is predictable is that whenever it will dump, bitcoin always recover and eventually will create a new ATH again.
And if that was to happen then it will be good news for us individual investor because we have bitcoin at a cheap price and hodl it until it inevitably goes back higher than the last time it did and enjoy grandiose profits. If we based on the past, it could dump lower than $44k.
AFAIR, bitcoin hit $20k and then dump to $3k.. so from $60k now, it's possible that bitcoin will dump $10k or below.
it's very unpredictable but one thing is predictable is that whenever it will dump, bitcoin always recover and eventually will create a new ATH again.
this is not a fud and its not intended to scare anyone or make you dump if you cant hold especially the newbies and paper hands. just to get you prepared ahead of it. lets hope we dont go lower than that else we might take much longer in this dip.
bitcoin really need to find new support level on this situation., because what a massive dump in just days? and to be honest its now seems still not in a good condition below 50k. For sure theres a panic selling thats happening right now in the market.. If this becomes more worse it will keep decreasing and even 44k isn't enough in my personal opinion. Because just imagine in just days it plunges so hard... well today the price has dropped a lot and it’s at $48,000, but even with this news that Tesla has stopped accepting bitcoin as a means of payment because of concerns about the environment (I know Is a big joke because they already knew everything before buying bitcoin) and caused the price to drop to $48,000, but from what I see I got it right when I say that the price of bitcoin did not fall below $40,000, and it is impossible for that to happen, the support that is in the $42,000 is unbreakable.
he once replied to Jack Dorsey's tweet about Bitcoin not affecting the environment, but why now is turning around. I agree that the $ 42k threshold will be hard to breakthrough.
to anyone please don't make Elon musk your market analysis.
this is not a fud and its not intended to scare anyone or make you dump if you cant hold especially the newbies and paper hands. just to get you prepared ahead of it. lets hope we dont go lower than that else we might take much longer in this dip.
we are in the world of cryptocurrency Mate! Anything could happen, PUMP? DUMP? yes everything can happen in one click, it sounds scary, but that's the reality, don't be tempted by a high pump, because that is a signal to sell.
if it does dump to $ 44k, that's fine, why? because the correction in the big TF must occur
well today the price has dropped a lot and it’s at $48,000, but even with this news that Tesla has stopped accepting bitcoin as a means of payment because of concerns about the environment (I know Is a big joke because they already knew everything before buying bitcoin) and caused the price to drop to $48,000, but from what I see I got it right when I say that the price of bitcoin did not fall below $40,000, and it is impossible for that to happen, the support that is in the $42,000 is unbreakable.
My negative scenario seems to be playing out, not that my own opinion matters I just try to draw on what Ive observed previously so seems we are repeating ourselves within something of a box. Every TA scenario is just a range of probability, seems the weight or path of least resistance lies with us moving downwards for now at least. Need to keep looking but the full range fits this OP topic of rough price check for BTC, I really dont know why exactly just profit taking would be enough and that is part of acknowledging froth in price movement.
The worlds richest man just described crypto as a hustle on tv. I know people will say whats got to do with BTC he was referring to Doge, its associative and not helpful imo. Doubts are normal and will occur anyhow, I just took that moment as a significant marker
The worlds richest man just described crypto as a hustle on tv. I know people will say whats got to do with BTC he was referring to Doge, its associative and not helpful imo. Doubts are normal and will occur anyhow, I just took that moment as a significant marker
this is not a fud and its not intended to scare anyone or make you dump if you cant hold especially the newbies and paper hands. just to get you prepared ahead of it. lets hope we dont go lower than that else we might take much longer in this dip.
we are in the world of cryptocurrency Mate! Anything could happen, PUMP? DUMP? yes everything can happen in one click, it sounds scary, but that's the reality, don't be tempted by a high pump, because that is a signal to sell.
if it does dump to $ 44k, that's fine, why? because the correction in the big TF must occur
But right now, bitcoin is facing slight downfall from today's high of $57.7 and trading below $55k as of now. Not sure why bitcoin is missing the power to break the resistance levels around $59 to $60k levels which still firmly holding and due to that, bitcoin market is trading too stagnant in last 2 to 3 weeks. So far $52k levels are super strongly holding bitcoins as support levels and as long as those levels hold then we do not need to think about anything below $47k levels (which was the recent low).
I can understand that this is a condition where there is a lot of doubt among trader in the market after the recent ups and downs. In my opinion, this is a condition where the bitcoin price is looking for new price movement so trader need to be careful in condition like this because price can still undergo correction if the resistance can't be broken. It is quite difficult to know where the next price movement will go if the market is in a sydways condition and everyone may have to be prepared for a correction that might occur.Maybe the best ideal decision to do if the market is volatile is to be patience to see how the market goes since if traders will rush things and enter on unknown space maybe they will left bag holding then crazily shaking when seeing the market is on red. Although its quite difficult to know the next price movement but its better to see the chart to see the price actions since it will give us a hint ok what will happen in next following days.
Not scared at all as I know it's possible to happen.
If we based on the past, it could dump lower than $44k.
AFAIR, bitcoin hit $20k and then dump to $3k.. so from $60k now, it's possible that bitcoin will dump $10k or below.
it's very unpredictable but one thing is predictable is that whenever it will dump, bitcoin always recover and eventually will create a new ATH again.
If we based on the past, it could dump lower than $44k.
AFAIR, bitcoin hit $20k and then dump to $3k.. so from $60k now, it's possible that bitcoin will dump $10k or below.
it's very unpredictable but one thing is predictable is that whenever it will dump, bitcoin always recover and eventually will create a new ATH again.
Already heard that speculations last month, and we're close to that but never happened actually. However, there's still chances that were going to see it once price of btc will saturate again just like the past months. It's not that easy to see bitcoin soars greatly, because it also pulled back down by other coins, particularly with eth and other following coins that kept on rising and performing very well.
Right now we need to be smart enough to handle our decision, because if we're to green for money only one mistake will tend your lose more digit of coins.
Right now we need to be smart enough to handle our decision, because if we're to green for money only one mistake will tend your lose more digit of coins.
No one even scared, we will buy more if bitcoin drop to $44,000. Those who scared only for weak hands, but not for us. You don't know how many people hope bitcoin to drop , so they can buy bitcoin with cheap price
Exactly. We've seen so many bear markets. What's the worst thing that can happen?
If it doesn't go below 40 thousand it's still bull market. Who buys there will at least have a chance to sell at 50 thousand if not higher or hold, that's if we don't reach a new ATH this year.
If it drops below we'll enter a longer bear market. Maybe a few months. maybe a year, but the lowest we'll go will be the old ATH of 20 thousand which shouldn't scare any long time holder and the next bull market will take us above 100 thousand for sure.
But right now, bitcoin is facing slight downfall from today's high of $57.7 and trading below $55k as of now. Not sure why bitcoin is missing the power to break the resistance levels around $59 to $60k levels which still firmly holding and due to that, bitcoin market is trading too stagnant in last 2 to 3 weeks. So far $52k levels are super strongly holding bitcoins as support levels and as long as those levels hold then we do not need to think about anything below $47k levels (which was the recent low).
I can understand that this is a condition where there is a lot of doubt among trader in the market after the recent ups and downs. In my opinion, this is a condition where the bitcoin price is looking for new price movement so trader need to be careful in condition like this because price can still undergo correction if the resistance can't be broken. It is quite difficult to know where the next price movement will go if the market is in a sydways condition and everyone may have to be prepared for a correction that might occur. Look, the dump below $50k was pure panic. There was no rational justification as to why that dump even happened in the first place.
There is a logical justification for that dump, Elon Musk and his company holding billions of dollars worth of Bitcoin booked their profit around that time and liquidated around $272 million which is a huge amount of money and that is more than enough to take the market down.Fortunately the buy wall started building up once the market went down and so is the reason we saw a swift recovery. The market has grown and you cannot call every dump as weak hands shaking off but smart whales booking their profit as well and then plan on entering the market again.
We did not reached this price when bitcoin was going down in price in a dramatic fashion and the price recovered relatively quickly, I agree that this could have been a form of manipulation but as long as you are still holding your coins I do not really think it matters that much, this happens during all bull runs, the bears are trying to scare people away and the whales are willing to play along as this allows them to load even more coins before the price keeps going up.
But right now, bitcoin is facing slight downfall from today's high of $57.7 and trading below $55k as of now. Not sure why bitcoin is missing the power to break the resistance levels around $59 to $60k levels which still firmly holding and due to that, bitcoin market is trading too stagnant in last 2 to 3 weeks. So far $52k levels are super strongly holding bitcoins as support levels and as long as those levels hold then we do not need to think about anything below $47k levels (which was the recent low). and will result into dump of price.Everything cant really be predicted and also 44k isnt really too far off and considered to be one of the strongest supports too but
lets talk first into other supports as well which had been holding strong after several tries for the price to bottom out or does try to break it.
Therefore, it would be better if you do mind off on how to play with these moving prices.
We did not reached this price when bitcoin was going down in price in a dramatic fashion and the price recovered relatively quickly, I agree that this could have been a form of manipulation but as long as you are still holding your coins I do not really think it matters that much, this happens during all bull runs, the bears are trying to scare people away and the whales are willing to play along as this allows them to load even more coins before the price keeps going up.
But right now, bitcoin is facing slight downfall from today's high of $57.7 and trading below $55k as of now. Not sure why bitcoin is missing the power to break the resistance levels around $59 to $60k levels which still firmly holding and due to that, bitcoin market is trading too stagnant in last 2 to 3 weeks. So far $52k levels are super strongly holding bitcoins as support levels and as long as those levels hold then we do not need to think about anything below $47k levels (which was the recent low). Jump to: