Bitcoin dump

[Abubakar56]

For the past few days bitcoin now bitcoin have been dumping and have been doing my research about the dump but have not seen anything that cause it, should we be expecting more dump or we can buy the dip now.

[MrSpasybo]

I also think this is an opportunity to buy the dip before the real bullrun. PlanB also has a similar opinion, that BTC max price in this bullrun is not 60K. I predict BTC can hit 87K soon, then even 345K.
Let's get the new investors out of market, then we can have more volatility, more chances, more profits.

[Traderbtcc]

There are several news which has caused this price dump, first it was Elon Musk who twitted that tesla will no longer accept bitcoin and there will sell of all the bitcoin there got in their possession, this news caused a FUD in the market but it didn't affect the market price  that much untill the news of China placing a ban on cryptocurrencies and it's activities, and I think this particular news is the main cause of price dump.

[Kohatiiboy]

32 is strong buying zone
 Buy in parts
Fisrt entry at 32k
2nd at 28k

[shadowdio]

I checked the market right now it seems the market will continue to go down.. I don't know if this is the right time to buy but if you planning to hold for long then I guess this is the right time to buy some cheap altcoins.

[gabbie2010]

Definitely the bear run won't last long the support at $35K seem to be strong and rejected the price 4th time now I believed all the negative fundamental news that resulted to the dump has subsided now many hodlers had dumped their coins consequently the bullish run should commence gradually provided that there is no any negative news again

[Atako]

If there is an unexplained dump, it is usually caused by a correction. So if I were you, I would fill my bags

[pelana vreo]

If there is an unexplained dump, it is usually caused by a correction. So if I were you, I would fill my bags

That's a good idea, but Bitcoin is still experiencing a correction and is currently trading at $35k USD, currently the selling pressure is greater than buying, I don't expect Bitcoin price to drop below $ 30k, because some large investors will buy Bitcoin for $40k and they still keep it for a long time, buying at a low price is good, but always see technical analysts before making a buying decision, because the current Bitcoin price still could fall below $35k USD

[Evgenklm]

Of course, I am an optimist, as long as it does not drag on for a long time, bitcoin has shown growth in recent months, and no one expected such a sharp drop, of course, famous people like Elon Musk helped in this, as well as China and the United States with their regulation in the direction of bitcoin, but I still think we will soon see new ATH, because such a dump is not just.

[tvplus006]

There are several news which has caused this price dump, first it was Elon Musk who twitted that tesla will no longer accept bitcoin and there will sell of all the bitcoin there got in their possession, this news caused a FUD in the market but it didn't affect the market price  that much untill the news of China placing a ban on cryptocurrencies and it's activities, and I think this particular news is the main cause of price dump.

The main reason for the bitcoin dump was that the market had long been demanding a correction after a prolonged rise. And this correction has long been expected by many, having previously sold their coins.

[trauchot]

Most likely, bitcoin and other cryptocurrencies are falling in price due to bad news from China related to mining and bitcoins trading, it is not yet clear whether this is really real news or a fake news to make panic on the cryptocurrency market, but all these news led to very big market dump, so I hope that the cryptocurrency market will recover soon.

[Anonylz]

For the past few days bitcoin now bitcoin have been dumping and have been doing my research about the dump but have not seen anything that cause it, should we be expecting more dump or we can buy the dip now.

So you didn't get the Infomation about the Elon musk tweet about Bitcoin no longer being accepted for Tesla payment? Also the news from China ban on cryptocurrencies? and even more recently the "U.S. Treasury calls for stricter cryptocurrency compliance with IRS, says they pose tax evasion risk"
All these are the cause why Bitcoin is dipping right now even though we believe this is just going to be one of those Bitcoin dip phases which will eventually recover so buy the Dip mate.

[Mas Bro]

I see that the bitcoin market is still experiencing a decline in price. Bitcoin correction will continue, because now the selling pressure is greater than buying, it could be that the price of bitcoin has dropped below 30k. Don't rush into buying, always do a market analysis before making a decision to invest.

[Malam90]

There are few rumors that caused this unexpected situations after a settled market. Few bad news that whales take it as their advantages. Spread those rumors and create panic those lead the small investors to sell their valuable assets at water rate value. I will suggest the holders not to listen any rumor, don't be panic. Just hold your assets, market will reback soon. Whales are taking your panic and they will fill up their bags with your cheap selling coins.

[Muneeb22]

Bitcoin is dumb this is true but still the big bull is not start and soon we see that a big bull is start in the market and that time the BTC will touches the 200,000$ high.