Topic: What are the chances of bitcoin taking another dive? (Read 552 times)
I personally don't think BTC will fall below $5900 soon. Yes, we witnessed a dump in the recent weeks but keep in mind that the same also happened to the S&P and the stock markets. I expect bitcoin to fill the CME feature gap before embarking on a serious bull run, though it is not a must for it to happen. I don't see the price falling below 5900 soon.
Hello to all. This is the cryptocurrency market - everything can be here. But as long as the price of bitcoin is at the level of $ 11,000, it is difficult to talk about it. Look at the chart of price movement on the daily timeframe and you will understand that the price moves in a sinusoidal manner, and unfortunately, I am sure that the price will definitely fall to the area of $ 6,000 - the crypto market is one huge manipulation. Here, at any moment, the price can go so that in an instant you either get rich or go broke.
Honestly, when it comes to bitcoins or any other crypto currency in this industry, nothing ever really surprises me that much anymore time has proven a lot of times that things that may seem not possible can really do happen and it can do so in just a few hours or overnight. Which is why in regards to possibilities in bitcoins or any other altcoin out there, I really take them all into consideration and not rule them out. May be a bit more tedious but as what you can see, it never hurts to be too careful when it comes to your funds in this industry.
That is what high volatility for you. Bitcoin prices can dive in an instant and recover as fast as it crashes. We have seen this kind of scenario too many times and yet we have seen people asking if there is a possibility for Bitcoin price to crash. There is always a possibility for BTC price to crash but fear not because BTC market have the property of rebounding to new heights.
Honestly, when it comes to bitcoins or any other crypto currency in this industry, nothing ever really surprises me that much anymore time has proven a lot of times that things that may seem not possible can really do happen and it can do so in just a few hours or overnight. Which is why in regards to possibilities in bitcoins or any other altcoin out there, I really take them all into consideration and not rule them out. May be a bit more tedious but as what you can see, it never hurts to be too careful when it comes to your funds in this industry.
I can say that the price will not fall that much. Though there is a chance that it will fall but that fall.will not be that big to be called a dive. Obviously there will be some that would sell and while the price fell slowly, some will reinvest and might stick to prices between $8000 to $10K
The more time passes since the halving the more unlikely a fall to 5k range will become. Now we're still testing the waters, but what is happening now is a great indicator of a new bull market. The problem with TA based predictions for Bitcoin is that there are some external factors that can influence the price. Stocks and laws regarding Bitcoin in various countries are just 2 of those factors. You can have the greatest bullish setup and then Bitcoin gets banned in a few couyntries and that setup will turn into nothing.
That's for sure. The more time passes from the date of the division of bitcoin in half, the less likely it is that the price of bitcoin may fall to the lowest possible values. A correction is, of course, possible, this is a normal growth process in the cryptocurrency market.Over the past hour, the price of bitcoin has dropped from $ 11,938 to $ 11,303. Is it just another wave or is it the beginning of a price correction?
It's definitely a correction, but while a correction in a bear market takes the price back up and then falls lower, a correction in a bull market takes us back down to finally push the price even higher. If we manage to stay above 10k for another couple weeks we will come back up to attack 12k resistance again.
Based on my analysis the possibility of Bitcoin falling below $ 5900 is very small, especially considering that
the market is getting healthier. Right now Bitcoin is already above $ 11,000 so it's too far if it goes down
below $ 5900. You don't need to worry, although Bitcoin is volatile but it needs bad news to make the price of
Bitcoin fall that far.
the market is getting healthier. Right now Bitcoin is already above $ 11,000 so it's too far if it goes down
below $ 5900. You don't need to worry, although Bitcoin is volatile but it needs bad news to make the price of
Bitcoin fall that far.
The more time passes since the halving the more unlikely a fall to 5k range will become. Now we're still testing the waters, but what is happening now is a great indicator of a new bull market. The problem with TA based predictions for Bitcoin is that there are some external factors that can influence the price. Stocks and laws regarding Bitcoin in various countries are just 2 of those factors. You can have the greatest bullish setup and then Bitcoin gets banned in a few couyntries and that setup will turn into nothing.
That's for sure. The more time passes from the date of the division of bitcoin in half, the less likely it is that the price of bitcoin may fall to the lowest possible values. A correction is, of course, possible, this is a normal growth process in the cryptocurrency market.Over the past hour, the price of bitcoin has dropped from $ 11,938 to $ 11,303. Is it just another wave or is it the beginning of a price correction?
This is a serious problem, most of the BTC compilation is expensive on the market. Regarding the wind in the ears of his audience and there has never been a bad effect on the market. but still, they have to keep their mouths shut or someone wants to. They cannot speak ill of bitcoin in public without their knowledge. We know that bitcoin is usually involved in many fraudulent or illegal activities. It's very difficult to change the majority's mindset about bitcoin when everything they hear and see on the news is negative.
A drop to 5900 from ~9500 seems unlikely.
That is what we thought when Bitcoin was around $19k+ and yet it crashes to sub $4k. Cryptocurrency market is very unpredictable, we all witnessed it so better to have a reserve and expect the worst than caught unaware.
but now?we are just waiting for the Bull so if there might be others that wanted sell off still majority are keeping their money inside holding.
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Everyday, there is always a chance of Bitcoin taking another dive. No matter how good the market is today, we don't know what it will be tomorrow.
What i am looking soon will happen is Correction and that will be dropping the price bellow $9,000but that is the lowest i think,and will not fall to that low of 5,900
so that dive?actually not really dive but correction.IMO
The more time passes since the halving the more unlikely a fall to 5k range will become. Now we're still testing the waters, but what is happening now is a great indicator of a new bull market. The problem with TA based predictions for Bitcoin is that there are some external factors that can influence the price. Stocks and laws regarding Bitcoin in various countries are just 2 of those factors. You can have the greatest bullish setup and then Bitcoin gets banned in a few couyntries and that setup will turn into nothing.
Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks
No, I do not think that the price of bitcoin can now drop to $ 5,900 and below. Of course, a price correction in the cryptocurrency market could happen very soon. There is information that whales are transferring their bitcoins to exchanges. This may mean that at any moment the bitcoins can start dumping and they will fall in price. However, there shouldn't be a big drop now. Too much expectation of market participants for a rise in the price of cryptocurrency.
I think there is less chances for another drive if Whales don't make it by forcing.
Because according to analysis and EMA bitcoin should go down for retest.
Because according to analysis and EMA bitcoin should go down for retest.
Under 5% maybe?
The price broke the wall and now sitting at the price of $11K, if that continues to go up eventually it will fall and we will be seeing a stable price again in days.
The price broke the wall and now sitting at the price of $11K, if that continues to go up eventually it will fall and we will be seeing a stable price again in days.
A good sign that it will continue to stay there, and yes if this run will continue to
gain more supports from the investors,
it will soon break another barrier though it can also make some fall knowing that
this is the nature of this market.
But I don't think it will be falling so low at $5.9K or lower than that. Maybe at $7 and $8 since after this the normal price might be at 10 or 11.
For now, we can still see positive signs. There are also chances that conventional
traders are here now, taking their opportunities
to divert their investment from stocks and now start filling their portfolios with bitcoin.
We ain't sure, but it can affect the sentiments of this industry.
Considering the nature of the Bitcoin market, there are possibilities that Bitcoin might drop but the question is that, will it drop to $5.9k ? Looking at how 2020 has been so far, I don't see bitcoin dropping to $5.9k. It is very possible that the market value of Bitcoin might drop in the range between $9k and $10k through the 2020.
So my question what are the chances of bitcoin dropping back to below 5900 again?
Anything is possible with Bitcoin but this scenario?? Hmmm I'd say that there is around 5-10% chance that it will happen.In order for Bitcoin to go below that price again, there must be a news again or any event that is as effective as the pandemic. Maybe a huge spike of cases or another virus pandemic can affect its price but I think that is almost impossible to happen. Still I see this is happening but with a relatively low chance. Right now we are in a bullish scenario and people are expecting further movement towards the upside in the upcoming weeks. I'm waiting it too but still ready for the worst because it can also happen.
Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks
Bitcoin is in good condition and th\e market is still in a fresh situation where in the market many have begun to come. Talking about possibilities in the bitcoin market, for prices under $ 6k it's possible but not in the near future. Because the market is currently good, where there is no static deep. Whatever it is better before acting, you must pay attention to all matters relating to what you will do. Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks
Feel sorry for you mate but chances are?as of this moment and at least this whole year?there will never be a 40% dropping until this year ,because we are heading to bull and no sign of bearish are coming.i know that this is hard to accept but reality is mate,look how much bitcoin pricing now?how can you expect it fall to 5k level .the last surge last march is about the effect of corona virus and many had panic and whales take the advantage.
Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks
The possibility is high, we all know that every after sudden increase in price of bitcoin, especially if its jump is too quick to go up just the way it is right now, a dump is expected. Or if it continues to increase even further, its dive will also deeper than our expectation. It might reach your expected dive when that time comes or maybe around $6-$7k.maybe 8k level is high enough before the real bull starts to run.
Hi there i am asking this because i took out a loan at Nexo against my bitcoin. They told me my collateral bitcoin would have to drop 40 percent before they would start selling my bitcoin if the LTV threshold was passed. For me that would be if bitcoin were to drop to around 5900 in price. So my question what are the chances of bitcoin dropping back to below 5900 again? I know anything is possible like what happened in march but realistically at this stage and time, what are the chances of that happening and me losing all my bitcoin? Thanks
The possibility is high, we all know that every after sudden increase in price of bitcoin, especially if its jump is too quick to go up just the way it is right now, a dump is expected. Or if it continues to increase even further, its dive will also deeper than our expectation. It might reach your expected dive when that time comes or maybe around $6-$7k. Under 5% maybe?
The price broke the wall and now sitting at the price of $11K, if that continues to go up eventually it will fall and we will be seeing a stable price again in days. But I don't think it will be falling so low at $5.9K or lower than that. Maybe at $7 and $8 since after this the normal price might be at 10 or 11.
It will dive again into 8k usd like it was before the pandemic spread it only moves within that bracket of $7k to $9k and dive too low when Pandemic happens and lockdown begun. If the price continue to rise about 15k usd or more, anytime within that can dive into 8k usd. Lower if another lockdown will happen in many countries at the same time. Its too volatile to Guarantee that's we need to be updated since bitcoin prices depends on what is happening in the world and news of legalising it. The price broke the wall and now sitting at the price of $11K, if that continues to go up eventually it will fall and we will be seeing a stable price again in days. But I don't think it will be falling so low at $5.9K or lower than that. Maybe at $7 and $8 since after this the normal price might be at 10 or 11.
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