Bitcoin drop?

[TERMINO]

We witness bitcoin approached $12,045 yesterday and now decline to $11,442. By the way bitcoin all time high was $20,089 back on December 17, 2017.
Do you think there will have a massive rally again after this decline and reach another ATH achievements or bearish will happen soon.?

[Rana590]

It is not the end. Wait for some days. Hopefully bitcoin will hit $15k very soon. We should stop panic sell.

[bigcash2011]

Well i think this correction willprove good as it will create and strengthen a support zone so in coming weeks btc can build on that support and if the momentum will be there we can expect good rally.

[Andruha1993]

What you panic is the standard correction. There is always a fall after takeoff. Therefore, you need to wait it out and soon the growth of Bitcoin will begin again.

[HarryCallum]

Around the end of September, Bitcoin (BTC) price broke the critical support zone of $ 9,500 and has established a steady downtrend ever since. Therefore, the overall trend of the market has since been decreasing. So this is just a continuation of the previous trend - the normal action of the trend in the financial markets.

[GeorgeReece]

The reason for the fall in the price of Bitcoin is that Google announced that one of their quantitative algorithms made it possible for the computer to compute calculations that a normal supercomputer takes 10,000 years to do.

[EthanDavid]

Without a doubt, Bitcoin's downward move is becoming increasingly unpredictable and causing many traders to lose sleep over the past several weeks.

[tervel]

The primary factor behind predictions for a bullish continuation of Bitcoin in the near term is its long-term market structure. The high time frame charts of BTC, like the monthly chart, indicate a clear breakout. Various market data could also supplement the uptrend of Bitcoin over the longer term.

[Tnoy30]

It is not acceptable that the price of Bitcoin rises and falls again. Because many people use bitcoin. It can be seen that the price goes down after buying. That's not really a good thing. He has to suffer if he does not hold. However, the price of bitcoin is more likely to rise. Because it is the only currency in the cryptocurrency world that is the king of the cryptocurrency world. So bitcoin has gained a worldwide reputation as a popular currency. So I believe there is a possibility of growth even after prices fall.

[babu10]

We witness bitcoin approached $12,045 yesterday and now decline to $11,442. By the way bitcoin all time high was $20,089 back on December 17, 2017.
Do you think there will have a massive rally again after this decline and reach another ATH achievements or bearish will happen soon.?

I think this is why everybody says crypto market is very unpredictable and nobody knows what will happen tomorrow. Any thing can happen tomorrow it may be come to 8k$ or pump to 14k$. So i always prefer spot market trade or investment so that i would not be upset for ups and downs.

thanks.

[Hanako]

I think for bitcoin to recover from its old price, it takes some new trend. Defi has brought a great deal of money, along with some good news, which is why bitcoin has soared in price. Let's wait for what will happen to come. Expect Bitcoin to increase in price even further

[fammy]

We witness bitcoin approached $12,045 yesterday and now decline to $11,442. By the way bitcoin all time high was $20,089 back on December 17, 2017.
Do you think there will have a massive rally again after this decline and reach another ATH achievements or bearish will happen soon.?

Yes I think that bitcoin which hold the top rank of all the cryptocurrencies has its very high potential to make another all time high value and surpass the 20k mark which I am hoping that it will happen this year.

[wawan96]

We witness bitcoin approached $12,045 yesterday and now decline to $11,442. By the way bitcoin all time high was $20,089 back on December 17, 2017.
Do you think there will have a massive rally again after this decline and reach another ATH achievements or bearish will happen soon.?

this possibility of correction is normal if the market continues to go down quickly then this is a correction that is very deep or holders sell bitcoin them simultaneously then the market will get worse I see in this market is still relatively decline in prices which is quite normal for the price of bitcoin and volumes are still improving up currently.

[TERMINO]

We witness bitcoin approached $12,045 yesterday and now decline to $11,442. By the way bitcoin all time high was $20,089 back on December 17, 2017.
Do you think there will have a massive rally again after this decline and reach another ATH achievements or bearish will happen soon.?

I think this is why everybody says crypto market is very unpredictable and nobody knows what will happen tomorrow. Any thing can happen tomorrow it may be come to 8k$ or pump to 14k$. So i always prefer spot market trade or investment so that i would not be upset for ups and downs.

thanks.

That's right mate!
Everything in crypto is possible in terms of sudden drop or rapid pump.
More likely bitcoin take a break for awhile and then possible rapid pump could happen. Looking forward to bitcoin performance in the coming days.
This thread purposely created to share everyone's opinion. Just share your thoughts.

[CharlieKyle]

When the price of Bitcoin falls, for new investors, they will sell. On the contrary, experienced investors see this as a good opportunity to buy more