Buy the dip, and HODL, full steam ahead!
Topic: Will Bitcoin Correct to $6,500? - page 3. (Read 1003 times)
Many of your posts are "either/or". They were "either/or" when Bitcoin was $3,500, $6,500, and still "either/or" currently. A sign that the having might NOT be priced in yet.
Buy the dip, and HODL, full steam ahead!
Buy the dip, and HODL, full steam ahead!
Nobody can tell really. I think that if we DO NOT close above $10300 then we will most likely retest the $6K area again, however if we close above $10300 on the weekly charts then most likely it will be a while until we see $6500.
We are at a critical junction, basically if we break the $10300 area it would be a higher high and this would be confirmation of many that we are again in a bitcoin bull market. And with the halving not too far off, it could mean that FOMO will start soon after because people are going to be expecting the ATH of $20K to get breached.
So just use the charts as your guide, right now there are too many people who are long and open interest is very high so its possible we might get a quick retrace at least to $8500 or so. Maybe even head lower.
We are at a critical junction, basically if we break the $10300 area it would be a higher high and this would be confirmation of many that we are again in a bitcoin bull market. And with the halving not too far off, it could mean that FOMO will start soon after because people are going to be expecting the ATH of $20K to get breached.
So just use the charts as your guide, right now there are too many people who are long and open interest is very high so its possible we might get a quick retrace at least to $8500 or so. Maybe even head lower.
I don't know why suddenly people are talking about dump nowadays where everyone expected Bitcoin at 10K USD. The way Bitcoin price increased for the past few weeks, I though BTC price may hit 10K USD within the first week of February, but my thoughts were wrong! Now, I saw many dumping alert! It may happen, but I don't think 6500 USD will happen again, rather I think Bitcoin price will go 8K USD to 7500, not lower than that.
They are talking about dump because many of them might have probably miss the trend and they are trying to great fud so that market value of Bitcoin could decrease to enable them to buy at a cheaper rate pending the expected price skyrocket during the coming halving in May this year.The thing is, if we reach based on the sudden price movement, that is not good, bitcoin will rise and dump but we should be looking at the overall performance and its performance this year is good so far.
I don't know why suddenly people are talking about dump nowadays where everyone expected Bitcoin at 10K USD. The way Bitcoin price increased for the past few weeks, I though BTC price may hit 10K USD within the first week of February, but my thoughts were wrong! Now, I saw many dumping alert! It may happen, but I don't think 6500 USD will happen again, rather I think Bitcoin price will go 8K USD to 7500, not lower than that.
They are talking about dump because many of them might have probably miss the trend and they are trying to great fud so that market value of Bitcoin could decrease to enable them to buy at a cheaper rate pending the expected price skyrocket during the coming halving in May this year. I've been in-between moving back to USDT and hodling my Bitcoin in the hopes it may reach the psychological price of $10,000. But this voice in my head that just won't go away says, a heavy dump to $6,500 is on the way. I just hate to get my hopes up high and then dashed again.
Any thoughts?
It was noticeable how the market trend goes on. You are just thinking negatively that brought you to become worried in the coming days. Though we can't neglect such thing to happen but as we can see nowadays, the price is moving high and not because it was played by whales nor a hypes it itself but it is just because people are pushing into it. The sideways can be unpredictable and yet can't be avoided but if we are prepared for it and never been bothered for the dumps and think to sell, it for sure there is no need to worry so much. Any thoughts?
But the sad reality is that most people will get shaken with the saw the market is in red and selling our Bitcoin is not the right way to help it recover. Holding is the way we can do it avoid losses.
I've been in-between moving back to USDT and hodling my Bitcoin in the hopes it may reach the psychological price of $10,000. But this voice in my head that just won't go away says, a heavy dump to $6,500 is on the way. I just hate to get my hopes up high and then dashed again.
Any thoughts?
The pump continues to bitcoin and we didn’t see major correction so far so I think $6k level is not the support level anymore, maybe the price will correct on $8k level. The up trend looks stronger now as we challenge the wall on $10k, though we failed on it but I believe it can be hit this month and hoping that correction will happen on a much higher price. Any thoughts?
I think even though the correction occurred but to return to $6,500 it will not likely happen because I think it is a correction that is too deep, if a large increase that might occur later then a large correction will not occur and it looks like this year's bottom value will not be below 7k. We don't know for sure the next sentiment will be higher because this year's trend can be said that the market is getting a more positive trend so I'm more confident about the resistance that will continue.
I've been in-between moving back to USDT and hodling my Bitcoin in the hopes it may reach the psychological price of $10,000. But this voice in my head that just won't go away says, a heavy dump to $6,500 is on the way. I just hate to get my hopes up high and then dashed again.
Any thoughts?
It's very hard to predict price, it may really dump or will be stable/continue rise. Chances there are really 50/50 because when we saw rise from 9k to 13k, that was a huge positive psychological factor but you know what happened, price went down dramatically. Despite the fact that there is upcoming halving, it doesn't guarantee that price will remain high until that (who knows what will happen after that but I am hugely positive that it will rise after halving). Any thoughts?
Idk what to suggest, personally I would hold it for a while to see what happens, if it goes down to 8500 and lower, then I would sell it. Otherwise maybe worth to see whether price will reach 10K or not (+ today max price was up to 9400 usd).
I don't know why suddenly people are talking about dump nowadays where everyone expected Bitcoin at 10K USD. The way Bitcoin price increased for the past few weeks, I though BTC price may hit 10K USD within the first week of February, but my thoughts were wrong! Now, I saw many dumping alert! It may happen, but I don't think 6500 USD will happen again, rather I think Bitcoin price will go 8K USD to 7500, not lower than that.
Not really, I don't even think that Bitcoin's price will down under $ 8000 especially in this period, but probably we are not going to see unexpected developments in this month ( big dip or pump).
Furthermore, it depends on the next decisions of the whales, they are the only ones who know what's going to happen in the market, as a normal traders we have nothing to do, just watching and expecting a good news.
Furthermore, it depends on the next decisions of the whales, they are the only ones who know what's going to happen in the market, as a normal traders we have nothing to do, just watching and expecting a good news.
I've been in-between moving back to USDT and hodling my Bitcoin in the hopes it may reach the psychological price of $10,000. But this voice in my head that just won't go away says, a heavy dump to $6,500 is on the way. I just hate to get my hopes up high and then dashed again.
Any thoughts?
And this same method may equally dashe your hope too because the current price of Bitcoin might be the bottom for this period if care is not taken dude. You need not to be too optimistic about this market.Any thoughts?
I've been in-between moving back to USDT and hodling my Bitcoin in the hopes it may reach the psychological price of $10,000. But this voice in my head that just won't go away says, a heavy dump to $6,500 is on the way. I just hate to get my hopes up high and then dashed again.
Any thoughts?
Any thoughts?
I have the same feelings. The market looks like it has stabilized and is beginning to accelerate to the new bull run, but it's hard for me to believe that there will be no big dump before halving. I think that level $6500 is still very much possible. It would not be a big surprise for me if by mid-year the price dropped even to $5000 for a while. For a long-term investment, it is better not to risk exit to the USDT, but if someone play short-term, should be very vigilant in the coming weeks.
Will Bitcoin Correct to $6,500?
I know someone that believes it will go to $1200 at end of next year. At same time that many others predict it will go over $100.000.
Some are saying that coronavirus if spread wider can cause recession. If we get hit by huge recession right now price of Bitcoin can go way way under $6500.
I've been in-between moving back to USDT and hodling my Bitcoin in the hopes it may reach the psychological price of $10,000. But this voice in my head that just won't go away says, a heavy dump to $6,500 is on the way. I just hate to get my hopes up high and then dashed again.
Any thoughts?
I'm not sure the price of Bitcoin will fall to $6500 again, if in the next few days bitcoin has decreased it's part of the correction.Any thoughts?
I know the lowest bitcoin support at the price of $5900 but I'm not sure that can be achieved, even I'm more sure if the price of bitcoin will soon reach $10,300 this month.
first of all lets get one thing straight, going from $9500 down to $6500 is not called a "correction" that is called a big market crash since it is more than 30% drop.
now that the terminology is corrected we can discuss it better. a crash of this magnitude during a time where price is already on the rise and market is ready for it too is not possible out of nowhere and for no reason. we need some massive FUD and a large market wide panic for the market to crash that hard!
not to mention that we already have multiple strong buy supports (barriers) that would prevent such a crash at $9k, $8.5k and biggest of all $8k.
now that the terminology is corrected we can discuss it better. a crash of this magnitude during a time where price is already on the rise and market is ready for it too is not possible out of nowhere and for no reason. we need some massive FUD and a large market wide panic for the market to crash that hard!
not to mention that we already have multiple strong buy supports (barriers) that would prevent such a crash at $9k, $8.5k and biggest of all $8k.
@pooya87 that’s an eagle eyed observation and I’ll admit that I too would have missed correcting him, and now moving on I don’t expect bitcoin prices to crash because of the global uncertainty that we’re witnessing around us. Though I’m expecting small fluctuations in bitcoin prices, and when that happens one should buy on the dibs because bitcoin prices may once again shoot up due to growing fear of Coronavirus.
https://edition.cnn.com/2020/02/01/investing/bitcoin-prices-coronavirus/index.html
https://www.forbes.com/sites/billybambrough/2020/02/03/coronavirus-fears-could-see-bitcoin-explode-in-value-as-china-markets-plummet/
I've been in-between moving back to USDT and hodling my Bitcoin in the hopes it may reach the psychological price of $10,000. But this voice in my head that just won't go away says, a heavy dump to $6,500 is on the way. I just hate to get my hopes up high and then dashed again.
Any thoughts?
Any thoughts?
I follow one big trader on Twitter and most of the times, his predictions are spot on. He posted a tweet yesterday warning his followers that huge dump is coming this week. However, I don't like to believe others and most of the times I do my own research but this time I think he's right. But $6500 is too low. If we remain anywhere above the mark of $8700, we can sustain this dump. The price will cross $10K this month for sure. We will see $10000 earlier than $6500, believe me.
Believe me the price of bitcoin will not correct to the price of $ 6500 it really must be because bitcoin is pretty good at the current price, so only $ 9k is a good correction. See the movement on the chart.
In February is a good key where bitcoin has started to increase. $ 10k will become a target this month and make bitcoin a real recovery.
In February is a good key where bitcoin has started to increase. $ 10k will become a target this month and make bitcoin a real recovery.
I don't think so. Correction is something that is under 10%, which means with a $9600 price at the peak of this month, we can say that the correction could be at most 900 dollars or so, which comes down to $8.7k price rate and that's fine, if we stay above $8.7k I would keep calling it a correction as long as we are higher, however as soon as we start to go further down that is not a correction anymore.
The price of $6.5k suggest that wouldn't be a correction, it would literally be a bear run and it would mean the price is bottoming out. Look at the prices in the past 1 year, we haven't touched $6.5k price for a long long time now and not frequently in the past 1 year neither, so that would be a super bear run that would reach a new all time low for the past 300 days or so.
The price of $6.5k suggest that wouldn't be a correction, it would literally be a bear run and it would mean the price is bottoming out. Look at the prices in the past 1 year, we haven't touched $6.5k price for a long long time now and not frequently in the past 1 year neither, so that would be a super bear run that would reach a new all time low for the past 300 days or so.
Bitcoin is a very volatile asset in the context of its price. The rise or fall of the price of bitcoin is influenced by demand and supply on the exchange and it will forever apply. I have no doubt that bitcoin also has the potential to fall to touch the price of $6000, but at least I am sure that will not happen in the near future.
The hard thing about trading is controlling your emotions and doubts about the price of the traded asset. Without careful analysis and planning, that feeling will make us more afraid of loss, but I think this is something that is often experienced by traders in general.
The hard thing about trading is controlling your emotions and doubts about the price of the traded asset. Without careful analysis and planning, that feeling will make us more afraid of loss, but I think this is something that is often experienced by traders in general.
It can happen but I don't really want to be pessimistic when there is an event that is going to happen.
It is not going to be a correction but a full of people dumping their bitcoin with the same thought as you.
You are not alone who want to sell their bitcoin.
Some long term traders there might be getting ready to do that.
I hope not.
If there is a lot of profit for a large of number of people who are trading then I bet it will be one full wave of a dump.
It is not going to be a correction but a full of people dumping their bitcoin with the same thought as you.
You are not alone who want to sell their bitcoin.
Some long term traders there might be getting ready to do that.
I hope not.
If there is a lot of profit for a large of number of people who are trading then I bet it will be one full wave of a dump.
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