86K and going down!

[Rubel007]

BTC can test $90K as we seen the strength last 3 days so we may see this level in next few days and then can dump later in coming days up to $72K.

If BTC trade above $90k level then alts can pump at least 20% to 50% in coming days.

Since the current market is still in a bullish phase, we think it can touch 90K. Especially since there are still 3 days left until the end of this month and even if the market is bullish during this period, it can also exceed the previous AT HK. There is also a chance of being bearish. As long as it is not exceeding 90K, it will be difficult to be bullish. During this period, the price may also decrease slightly. If the current price is 86K, that is not unreasonable. Moreover, there is no way to say that 86K alone indicates a bearish market. However, my guess is that no matter how bad the market is, it will not fall below 80K at this time.

[alltalk]

Since the current market is still in a bullish phase, we think it can touch 90K. Especially since there are still 3 days left until the end of this month and even if the market is bullish during this period, it can also exceed the previous AT HK. There is also a chance of being bearish. As long as it is not exceeding 90K, it will be difficult to be bullish. During this period, the price may also decrease slightly. If the current price is 86K, that is not unreasonable. Moreover, there is no way to say that 86K alone indicates a bearish market. However, my guess is that no matter how bad the market is, it will not fall below 80K at this time.

Even if Bitcoin doesn't reach $90k anymore, I personally think we are still in the bullish season. However, I also agree that it is very possible to reach $90k again even if it won't be very soon. I don't think it will be achieved in this month, it probably will drop again at the end of this month. I just hope it won't drop below $80k again because it will be harder to achieve $90k. Well, we are still in Q1 2025, we still have Q2-Q4. I think we shouldn't be so afraid with the BTC price movement. It has a lot of time to grow again.

[Sim_card]

Since the current market is still in a bullish phase, we think it can touch 90K. Especially since there are still 3 days left until the end of this month and even if the market is bullish during this period, it can also exceed the previous AT HK. There is also a chance of being bearish. As long as it is not exceeding 90K, it will be difficult to be bullish. During this period, the price may also decrease slightly. If the current price is 86K, that is not unreasonable. Moreover, there is no way to say that 86K alone indicates a bearish market. However, my guess is that no matter how bad the market is, it will not fall below 80K at this time.

Even if Bitcoin doesn't reach $90k anymore, I personally think we are still in the bullish season. However, I also agree that it is very possible to reach $90k again even if it won't be very soon. I don't think it will be achieved in this month, it probably will drop again at the end of this month. I just hope it won't drop below $80k again because it will be harder to achieve $90k. Well, we are still in Q1 2025, we still have Q2-Q4. I think we shouldn't be so afraid with the BTC price movement. It has a lot of time to grow again.

Bitcoin price dropped to $83k+ today due to US high inflation data. I hope that the price doesn't go below $83k because there should be a resistance force at $84k. However, there's a high chance for bitcoin to pump again because the bull market will definitely create a new ATH.

[Gurujebs]

Even if Bitcoin doesn't reach $90k anymore, I personally think we are still in the bullish season. However, I also agree that it is very possible to reach $90k again even if it won't be very soon. I don't think it will be achieved in this month, it probably will drop again at the end of this month. I just hope it won't drop below $80k again because it will be harder to achieve $90k. Well, we are still in Q1 2025, we still have Q2-Q4. I think we shouldn't be so afraid with the BTC price movement. It has a lot of time to grow again.

The bull season depend on how dip Bitcoin price goes. If we ever see $40k, no doubt bear market is inevitable but if we stay at $70k and above, then the altcoins will be doing there thing, there is going to be liquidity in the market and there is going to be interest together with confidence from institutional investors and retail investors combine.

We have to be realistic though, the price will be very difficult to see again unless there is another bullish news other than what we have heard since the beginning of the bull run we have been feeding ourselves about the Bitcoin reserve.

[taufik123]

Bitcoin price dropped to $83k+ today due to US high inflation data. I hope that the price doesn't go below $83k because there should be a resistance force at $84k. However, there's a high chance for bitcoin to pump again because the bull market will definitely create a new ATH.

US inflation is really very disruptive to Bitcoin's rapid growth, When the price of Bitcoin is as volatile as it is right now, Altcoins are hit quite a bit.
The sudden price drop made altcoins also experience a drastic decline.

I hold Bitcoin as well as altcoins, but they all go down and I just have to hold them and if I have spare money I'll buy them back at a cheaper price.

I believe the ATH will only be reached after this bearish market ends and turns into a BULLISH market.

[pawel7777]

To me, it doesn't look like a bear market quite yet, but people's optimism on whether we are still in a bull market is waning.
All looks like we're going to have a second month in a row with negative returns, so it's getting harder to believe it's just a normal dip on a way up, unless we expect to see something similar to the previous cycle when we had a double top.

[rdluffy]

To me, it doesn't look like a bear market quite yet, but people's optimism on whether we are still in a bull market is waning.
All looks like we're going to have a second month in a row with negative returns, so it's getting harder to believe it's just a normal dip on a way up, unless we expect to see something similar to the previous cycle when we had a double top.

Every cycle I've been through, this is obviously the one with the most people involved, the most influencers, the most analysts, the most whales, the most institutions...
And I've never seen so many people giving opinions and making analyses. If you look, there are analysts saying it's a bear market and it's going below 70k, there are people talking about a long sideways movement, and there are people who think it will soon go over 100k again

The great truth is that nobody knows hahaha, nobody at all

[Gurujebs]

Every cycle I've been through, this is obviously the one with the most people involved, the most influencers, the most analysts, the most whales, the most institutions...
And I've never seen so many people giving opinions and making analyses. If you look, there are analysts saying it's a bear market and it's going below 70k, there are people talking about a long sideways movement, and there are people who think it will soon go over 100k again

The great truth is that nobody knows hahaha, nobody at all

I have known Bitcoin with one thing, the more people analyze it, the less chance of that thing happening. Before December, people were bullish about Bitcoin, people didn't expect the price to move that much but December US election made everyone become so bullish on Bitcoin price that everyone are now calling for $1m all time high.

Bitcoin went as high as possible that everyone thinks that we are going to see another all time high but we are all watching the price go down to $80k and the majority never expected it to come that fast, this is why as a trader, it's not good to follow people's opinions.

[Jating]

Every cycle I've been through, this is obviously the one with the most people involved, the most influencers, the most analysts, the most whales, the most institutions...
And I've never seen so many people giving opinions and making analyses. If you look, there are analysts saying it's a bear market and it's going below 70k, there are people talking about a long sideways movement, and there are people who think it will soon go over 100k again

The great truth is that nobody knows hahaha, nobody at all

I have known Bitcoin with one thing, the more people analyze it, the less chance of that thing happening. Before December, people were bullish about Bitcoin, people didn't expect the price to move that much but December US election made everyone become so bullish on Bitcoin price that everyone are now calling for $1m all time high.

Yes, if we think that it will go on the positive direction, somewhat Bitcoin like have it's own mind and move on the other side. But last year though was different, it is expected that the price to go, and if I'm not mistaken, the highest prediction was $94k. And again, it exceeded our expectation because of Trump winning.

Bitcoin went as high as possible that everyone thinks that we are going to see another all time high but we are all watching the price go down to $80k and the majority never expected it to come that fast, this is why as a trader, it's not good to follow people's opinions.

We can have our own prediction that might be the same with the majority. Doesn't matter though, as we all know that Bitcoin price is hard to predict, even what most of us have the same prediction, it will go on it's own and it could be very different as what others might think.

[UNIVERSE]

To me, it doesn't look like a bear market quite yet, but people's optimism on whether we are still in a bull market is waning.
All looks like we're going to have a second month in a row with negative returns, so it's getting harder to believe it's just a normal dip on a way up, unless we expect to see something similar to the previous cycle when we had a double top.

I think people still feel confident about the market. But I assume there is a manipulation in the market, so the price dropped very significantly. I don't think we need to feel so afraid about the future of crypto market. Everything is still normal, the decline isn't so badly. As long as Bitcoin doesn't return to around $60k-$70k, we can expect that we may have green period again. I personally still assume that we may see Bitcoin to be above $90k again in the next few weeks. We may see the next top or the next ATH again.

[Rubel007]

Bitcoin price dropped to $83k+ today due to US high inflation data. I hope that the price doesn't go below $83k because there should be a resistance force at $84k. However, there's a high chance for bitcoin to pump again because the bull market will definitely create a new ATH.

Although the Bitcoin price is in a downward trend, the market is not getting a chance to go down further. Trump's trade policies may temporarily affect investors, in the long run, that effect will gradually weaken and the Bitcoin price will rise again. That is why I think the current price is a dip. It will probably not get a chance to go below 82k, and the market will quickly take a bullish shape. If another bullish trend starts, there is a high possibility that the Bitcoin price will reach 150k or more.

[Stuart]

For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?

I am not a fan of speculation just interested to hear the analysis made according to the situation.

The price of Bitcoin has really been going down for a period now, and that has really affected the crypto market at large. News and some favorable speculations can always turn things around in a short pace, but we are not really seeing any of this at the moment. This could still be regarded as the market facing correction as we know, after every ATH, we face a price correction.

Bitcoin has been rejected from the $77/$78 zones and has been holding above the price mark of $80 strongly, so long it does not break below $80, we could see better market turn around shortly, but if otherwise, then we might be holding down with a bear market for a while. No one can tell how long this will be, but we would just seat tight and enjoy the moment yet. 

[Azharul]

For the past couple of days the market bleeds unstoppable, Bitcoin affected a lot even though Bybit hack has nothing to do with Bitcoin. So what's your analysis now, will it go down to 70-75K range?

I am not a fan of speculation just interested to hear the analysis made according to the situation.

The price of Bitcoin has really been going down for a period now, and that has really affected the crypto market at large. News and some favorable speculations can always turn things around in a short pace, but we are not really seeing any of this at the moment. This could still be regarded as the market facing correction as we know, after every ATH, we face a price correction.

Bitcoin has been rejected from the $77/$78 zones and has been holding above the price mark of $80 strongly, so long it does not break below $80, we could see better market turn around shortly, but if otherwise, then we might be holding down with a bear market for a while. No one can tell how long this will be, but we would just seat tight and enjoy the moment yet.

Actually,  i think that your comment is also very prefer in this time. If we follow in cryptocurrency market, we can see that bitcoin price is remain $82k up in cryptocurrency market. But sometimes we can see that this price is doing slightly up and down in cryptocurrency market.  I think that it is also a simple matter for crypto currency market.

I think that when would war will be finish then gradually crypto currency market return of best position. So i believe that if we wait for increase or if we want to invest in bitcoin, i think that it will be best decision for earn best profit from crypto currency market.

[pawel7777]

A little bit of positive action today, we are up by around 3% and just crossed the $85k.
If the price defends this level for a day or two, we might go back to above $90k soon and hopefully start a new breakout. But, as of now, we're still in a sideway market.

[UNIVERSE]

A little bit of positive action today, we are up by around 3% and just crossed the $85k.
If the price defends this level for a day or two, we might go back to above $90k soon and hopefully start a new breakout. But, as of now, we're still in a sideway market.

But today, Bitcoin dropped again below $80k. Bitcoin freelfall from $83k to $78k in a day. Because of too many dumps, I am not really sure that we can see $90k again very soon. I totally don't understand the current market trend. We already have red market since February, it means we already have 3 months of red market. It is very different from the previous bullrun season, in the past we must have big increase and some green market in Q1. Now, we only have around 9% increase in January, the rest we have red market. Just check the Bitcoin monthly return data!