A Deep or Correction?

[sampoerna]

If you are indeed trapped then you have to overcome the trap, close the hole and pay attention even you are ready for everything that can happen.

Having current fiat reserves is essential for accumulating your coin holdings, allowing you to get cheaper prices and deeper drops.

Remember that CZ once said that it would reach $85k and become trending news and it is happening now, so don't be sad because stuck at a higher price than now, you need to recover it and when the ATH is reached again you will make more profits.

CZ giving that heads up is like he knows whats going to happen in few weeks. That was a good inside information but he didn't specify whether this dump is going to restart a bear movement for the rest if the year til the next halving.

Because if this bounce to hit another ATH $120k, all I can say is that he is playing Bitcoin holders. I'm already ready whichever the price goes. Going below $85k I think we are already in bear market.

Yes, the various information he spreads is usually very important and useful information for us, especially those involved in the crypto world. Well here, the fun thing is that he has said that BTC will fall to a certain number, he has an analysis, and is also a player, yes, he is definitely also one of the whales, so, maybe he will know various things that might be speculatively possible to happen in reality.

And indeed until now the price of Bitcoin is still falling. Even yesterday it was at a figure of less than $ 80k, this is actually very surprising, it's just that, yes, the journey of the crypto market is like that. Just enjoy the process, I also believe that this will end soon.

[pawel7777]

So we wen't below $80k today. Some are happy that "weak hands" will get shaken off and we might see a steady growth from here.
The question is - who's going to pump it up if the retail is broke:

[taufik123]

I think everyone doesn't want to believe that Bitcoin will drop below $80k. But in fact, CZ is right that Bitcoin is declining very badly. It dropped to $78k yesterday. Now, I don't have an idea that CZ said Bitcoin will be $1,001,000. Honestly, it is very surprised to know this because Bitcoin isn't in the green market now.

CZ has fundamental strength because he is the founder of Binance which is respected by many people and when it says something about Bitcoin or anything then it will be realized by those who believe in CZ, as well as what he said that Bitcoin will go back down at the price of $85k and in the end it will go down even worse.

]
It may go up again, but the question: will Bitcoin cross $100k again? I believe bullrun season continues, but I'm not optimistic again that Bitcoin will have a new ATH.

Don't lose your trust, this is the crypto market and anything can happen in an instant.
Everything is manipulated and regulated by those who have large funds, you just need to follow it and don't get trapped.
I remain optimistic that the new ATH will be achieved and the market situation will improve.

[LogitechMouse]

]
It may go up again, but the question: will Bitcoin cross $100k again? I believe bullrun season continues, but I'm not optimistic again that Bitcoin will have a new ATH.

Don't lose your trust, this is the crypto market and anything can happen in an instant.
Everything is manipulated and regulated by those who have large funds, you just need to follow it and don't get trapped.
I remain optimistic that the new ATH will be achieved and the market situation will improve.

It's pretty much normal to see these kind of things especially when we see the market going down constantly. Many will feel the fear that they will say things like this, and this, and this. Many will look at Bitcoin and will say "We might be entering the bear market season already." or "The bull market is over. We will not see Bitcoin pass $100,000 anymore"

On the flip side, if you've been into crypto for quite some time, you will see that this is pretty much normal. If you will look at the price movement of Bitcoin during the 2021 bull run, you will see that the market dipped during the month of May to as low as 55% only to go up even higher during the 2nd half of the year. Currently, the market is down only 28% from it's ATH, and for me, this is an opportunity to accumulate even more Bitcoin. I might be wrong though.
The closing price of Bitcoin this week will be crucial. Currently, we are above the 34 weekly moving average which is I consider a strong support. If we close above it, there's a chance that we will see an upwards movement in the following weeks. Of course, I might be wrong still because after all, many whales can manipulate the market... yet again.

[Rubel007]

Bitcoin price was stay above 90K for a long time, so there was a possibility of a slight decline, but it was not known when it would happen. It is normal for the market to be bullish and bearish at times. Some investors may be the most affected by this temporary decline, who have panicked due to the price drop and decided to sell Bitcoin. Investors who have seen the last several bull markets know for sure that this behavior of Bitcoin is very normal. Moreover, if the market still pumps the price of Bitcoin to around 85K at any time, it will be able to rise above 90K again. I certainly disagree with those who are making such comments that the bull run is over. I hope Bitcoin will soon be able to rise above 90K early.

[taufik123]

-snip-
Currently, the market is down only 28% from it's ATH, and for me, this is an opportunity to accumulate even more Bitcoin. I might be wrong though.

Only a 28% decline from the last ATH, even this is a low decline and not so terrible but many are too panicked and sell with losses and look as if the market will not rise again.

Though this decline is the right moment to start adding asset ownership and filling the bag at a cheaper price.
I have the same thoughts as you, don't have to panic and are too concerned with the market that continues to fall, but see how the potential for further increases. Manipulation always occurs in any market state and manipulation like this is really done by Whales to get a cheaper price.

[vegasus]

So we wen't below $80k today. Some are happy that "weak hands" will get shaken off and we might see a steady growth from here.
The question is - who's going to pump it up if the retail is broke:

Today fortunately there has been an increase. At least BTC is at the rate of $ 85k. It was quite worrying when BTC dropped to $ 78k yesterday if I'm not mistaken. This is really a very deep correction. Fortunately, it seems that not many people are panicking due to this market crash. So the market can gradually improve quite significantly. And now, the market conditions are improving quite a bit. Most of the coins have started to turn around to go up, although only a little.

[Wiwo]

For a fact, I don't know what to term the current bitcoin market to and we should not be in a hast to make any decision right now sure it will be cool if we can only buy the amount of bitcoin that we can afford to hold for a long period even if this current correction becomes more dipper since it becomes obvious that the persistent decline in the price of Bitcoin is as a result of what I call market uncertainty with a high tendency of even going dipper than expected by many bitcoin price speculators.

But for sure we need to build a baseline that could serve as evidence to prove our level of intelligence in the areas of more likely to be more investment and bitcoin market situations.

[milewilda]

So we wen't below $80k today. Some are happy that "weak hands" will get shaken off and we might see a steady growth from here.
The question is - who's going to pump it up if the retail is broke:

Today fortunately there has been an increase. At least BTC is at the rate of $ 85k. It was quite worrying when BTC dropped to $ 78k yesterday if I'm not mistaken. This is really a very deep correction. Fortunately, it seems that not many people are panicking due to this market crash. So the market can gradually improve quite significantly. And now, the market conditions are improving quite a bit. Most of the coins have started to turn around to go up, although only a little.

Only newbies are the ones who do freak out whenever the price do make out some correction but into those people who are really just that know or old enough to know this market then they are seeing this as an opportunity to get in on which they can be able to make up such buyback. There are really just that those people who do get shocked at the time that they are facing up these sudden drops but actually its not really that something new because market is volatile and unpredictable in the first place. There are really just that those individuals who are really that expecting or anticipating too much about positive gains and increasing prices on which at the moment that the market do make out some drops then you would really be that getting frustrated with that.

[|MINER|]

Only newbies are the ones who do freak out whenever the price do make out some correction but into those people who are really just that know or old enough to know this market then they are seeing this as an opportunity to get in on which they can be able to make up such buyback. There are really just that those people who do get shocked at the time that they are facing up these sudden drops but actually its not really that something new because market is volatile and unpredictable in the first place. There are really just that those individuals who are really that expecting or anticipating too much about positive gains and increasing prices on which at the moment that the market do make out some drops then you would really be that getting frustrated with that.

I would like to agree here, in these kind of situation who were in the high pick is those were newbies and yes here also they sell their fund even at a loss but after a period they also regret for this.
So I think we have to claim on this situation because when these kinds of market pump occurs we have also keep that in mind dump will also occurs for the correction also.

[debra]

CZ has fundamental strength because he is the founder of Binance which is respected by many people and when it says something about Bitcoin or anything then it will be realized by those who believe in CZ, as well as what he said that Bitcoin will go back down at the price of $85k and in the end it will go down even worse.

Sure, CZ is the founder of Binance exchange. So it is not surprising if CZ has the power. But we must accept that CZ could predict quite accurate. That makes people to trust whatever he said. When he said Bitcoin will drop around $80k few weeks ago, it really happened. Now, he said Bitcoin to $1,001,000. Do you think CZ is serious with this prediction?

[LogitechMouse]

-snip-
Currently, the market is down only 28% from it's ATH, and for me, this is an opportunity to accumulate even more Bitcoin. I might be wrong though.

Only a 28% decline from the last ATH, even this is a low decline and not so terrible but many are too panicked and sell with losses and look as if the market will not rise again.

Though this decline is the right moment to start adding asset ownership and filling the bag at a cheaper price.
I have the same thoughts as you, don't have to panic and are too concerned with the market that continues to fall, but see how the potential for further increases. Manipulation always occurs in any market state and manipulation like this is really done by Whales to get a cheaper price.

Those "many" that you're referring with are only the newbies that panicked when they saw the market going down. Maybe there are some who's been in the crypto for quite some time that sold their Bitcoins, but that's because they want to secure their profits maybe, or they're the ones that sold their Bitcoins for USDT so that they can buy it again at a much lower price.

Whatever the case is, 28% really isn't that low compared to how much Bitcoin corrected during the 2021 Bull run. Experience will teach us not to get panic that's for sure. I've seen how Bitcoin moved in the long run that's why declines like this doesn't make me fear at all, but I see it as an opportunity. As for the manipulations, with the whales, and the institutions coming into crypto, there's a higher chance that Bitcoin can be manipulated. Looks like we're going back to the 2017 times again where whales can just manipulate the market anytime they want to.

[Gurujebs]

Sure, CZ is the founder of Binance exchange. So it is not surprising if CZ has the power. But we must accept that CZ could predict quite accurate. That makes people to trust whatever he said. When he said Bitcoin will drop around $80k few weeks ago, it really happened. Now, he said Bitcoin to $1,001,000. Do you think CZ is serious with this prediction?

CZ is just that guy who see goof future in crypto and you know why he is different from other people that got power and influence crypto, CZ don't look at short term, he looks beyond what many people looks in that time, the rest of the people are only bullish about the market when they see the market is printing green candles and everyone excited.

Another reason why CZ is different is that, he hold 98% of his asset in BNB and he has not for one day discredit Bitcoin. His contributions in Bitcoin promotion is more than 99% and he doesn't speak of bnb, that's why people like him.