Bitcoin Price under $80k and alts crash soon ?

[bettercrypto]

Too early to say it could crash on $80k, there are still resistance for not going down such price. Now after 4 days after it hits $92k, it become stable in $96k range going back again to 100k. I guess we can see another spike in the price. I bet the reason it got dump is due to El Salvador's decision to amend the of bitcoin being not a legal tender anymore in the country.

What is happening now actually seems like the water is calm if I compare it to the ocean where waves can occur at any moment, so while it is calm let's just take advantage of what we should do as traders whether we are long-term or short-term holders.

Because when this situation happens, it seems like it is difficult to make decisions because something might suddenly change and we will be left behind again.

[JunaidAzizi]

Alts are more open to the market compared to Bitcoin. If Bitcoin goes down by 1 percent, alts will go down by around 10 percent, and the same applies in the upward direction. We know Bitcoin is unpredictable, but based on past events, we can make some predictions about whether Bitcoin will follow this trend or that one. This time, Bitcoin is sliding slowly, and it's a sign of big movements. When Bitcoin has moved slowly in the past, the market stabilized and then made a big jump, so maybe we can experience that again.

[doc]

Too early to say it could crash on $80k, there are still resistance for not going down such price. Now after 4 days after it hits $92k, it become stable in $96k range going back again to 100k. I guess we can see another spike in the price. I bet the reason it got dump is due to El Salvador's decision to amend the of bitcoin being not a legal tender anymore in the country.

What is happening now actually seems like the water is calm if I compare it to the ocean where waves can occur at any moment, so while it is calm let's just take advantage of what we should do as traders whether we are long-term or short-term holders.

Because when this situation happens, it seems like it is difficult to make decisions because something might suddenly change and we will be left behind again.

The crypto market does seem calm because it is undergoing a correction and the price of bitcoin is holding below $100K, I think it will only last a few days, because the crypto market will move again and in accordance with its fluctuating character.
If I analyze the current market conditions, such as short and medium term iovest for traders is very suitable.

[sampoerna]

If that really happens, then there is a possibility that the price of BTC will crash drastically and make altcoins also crash. However, I personally am someone who is still optimistic that Bitcoin will rise again and we just have to wait for the time. Indeed, American crashes often occur and this is very natural. But if we want to be patient, believe me, everything will be the result of hard work and patience. Although sometimes we may get angry, but still, everything must remain under control, especially our mentality and emotions.

[LogitechMouse]

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Is this just a Bitcoin correction or will we see a gradual decline in Bitcoin?  How is your prediction for Bitcoin in this situation?

Will all alts crash in a bitcoin situation? or is everything a major price correction for something big to happen?

Looking at the chart of Bitcoin on a weekly time frame, I saw that we have a huge upwards movement during the month of November, and that's the time when Trump won. There's a chance that we might test the $81,000-$88,000 price range if we see Bitcoin going down to its current support of around $89,000.

Despite the pessimism that's being spread around, I still believe that in the long run, we will still see a bullish movement. I just don't know when though. My prediction for Bitcoin? At the end of 2024, I expected that the first quarter of 2025 will be the most bullish months, but it seems like that isn't the case. As for alts, there's not that much liquidity being poured on these altcoins that's we aren't seeing a huge price increase, and the more the price of Bitcoin goes down, the alts will go much lower. This is why those maximalists are always saying to just focus on Bitcoin.

[tequilla_sunset]

The crypto market does seem calm because it is undergoing a correction and the price of bitcoin is holding below $100K, I think it will only last a few days, because the crypto market will move again and in accordance with its fluctuating character.
If I analyze the current market conditions, such as short and medium term iovest for traders is very suitable.

Sideway movement is the calm before the storm.
We need to wait for the rush of the rally to ensue and break the current resistance.

[Bobcrypto]

Bitcoins market movements is not in pari passu with the Altcoins market movements but due to Ethereum integration imitating Bitcoin, the Altcoins has been displaying their performances according to Bitcoins movement.

Although it is completely known that the alt does have it season differ from Bitcoin but in some occasions they work in tally While Bitcoin takes the lead before the Altcoins follows the market lines.

Do we see the biggest ATH of BTC yet in the near future?
That would turn the market upside down after the sideway movement we are witnessing, and that's the main question we should be asking, imo.

Well the future cannot be exactly predicted, it may just be an estimated forecast of Bitcoin price. In addition, your statements about market turning upside down is not clear, however, if you meant that the bitcoin shall be very bullish in the future, its will be obvious because we have the most crypto friendly regime in the US, and Donald Trump crypto promises during his elections campaigns may be implemented to boost a massive bull run as many crypto enthusiast are anticipating.

[Bobcrypto]

The price of Bitcoin is slowly falling though not very fast.  But the alts are declining very fast. Recently Bitcoin price took a big down and recovered from $91k to 101k. But since then no major movement of bitcoin is seen but slowly bit by bit the price of bitcoin is decreasing. Today it was down from $100k again to $95k. Is this just a Bitcoin correction or will we see a gradual decline in Bitcoin?  How is your prediction for Bitcoin in this situation?

Will all alts crash in a bitcoin situation? or is everything a major price correction for something big to happen?

What is happening on the Bitcoin market price is simply  investor preference for bitcoin rather than riskier assets. In facts, for the past five months, Bitcoin has shown resilience, an evidence of massive capital inflows from big investors. It is clear that investors has been mindful of Bitcoin dominance through consistent demands and less supply within this periods.

In addition, I think that altcoins are suffering the Bitcoin dominance on a higher rates, and if the situation continues, many altcoins will run out of liquidity, and some may crash.
Bitcoin has remains on a high demand, i have not seen any changes to this facts yet.

[yohananaomi]

Too early to say it could crash on $80k, there are still resistance for not going down such price. Now after 4 days after it hits $92k, it become stable in $96k range going back again to 100k. I guess we can see another spike in the price. I bet the reason it got dump is due to El Salvador's decision to amend the of bitcoin being not a legal tender anymore in the country.

What is happening now actually seems like the water is calm if I compare it to the ocean where waves can occur at any moment, so while it is calm let's just take advantage of what we should do as traders whether we are long-term or short-term holders.

Because when this situation happens, it seems like it is difficult to make decisions because something might suddenly change and we will be left behind again.

The crypto market does seem calm because it is undergoing a correction and the price of bitcoin is holding below $100K, I think it will only last a few days, because the crypto market will move again and in accordance with its fluctuating character.
If I analyze the current market conditions, such as short and medium term iovest for traders is very suitable.

A normal phenomenon and indeed occurs in bitcoin, which is currently experiencing a correction and that is a natural thing to happen and only temporary. That will return to increase in time.
Agree with what you said, in a situation like this, there are indeed things that can be done where doing short or medium-term trading is very promising and can be done, before it its continue to increase to reach continues their highest price.

[MrSpasybo]

The price of Bitcoin is slowly falling though not very fast.  But the alts are declining very fast. Recently Bitcoin price took a big down and recovered from $91k to 101k. But since then no major movement of bitcoin is seen but slowly bit by bit the price of bitcoin is decreasing. Today it was down from $100k again to $95k. Is this just a Bitcoin correction or will we see a gradual decline in Bitcoin?  How is your prediction for Bitcoin in this situation?

Will all alts crash in a bitcoin situation? or is everything a major price correction for something big to happen?

For me, everything is still fine, BTC continues to be in a linear uptrend channel and has not fallen below $70K. I have no reason to panic or sell tokens, however, when BTC price drops below the basic trendline, it also makes me worry and sometimes sigh involuntarily ^^

Some Elliott Wave analysts believe that the impulse wave of this cycle has ended at $109K, and we are currently in a corrective wave, and the corrective wave could be a Flat or Triangle with wave B in the $150K zone. Well, I can't predict the market in such detail so I choose to continue following the market ^^

[KingsDen]

The price of Bitcoin is slowly falling though not very fast.  But the alts are declining very fast. Recently Bitcoin price took a big down and recovered from $91k to 101k. But since then no major movement of bitcoin is seen but slowly bit by bit the price of bitcoin is decreasing. Today it was down from $100k again to $95k. Is this just a Bitcoin correction or will we see a gradual decline in Bitcoin?  How is your prediction for Bitcoin in this situation?

Will all alts crash in a bitcoin situation? or is everything a major price correction for something big to happen?

In as much as we are confident in the bitcoin price, we still need to understand that bitcoin has done enough already, even if he doesn't do more for this cycle, we wouldn't say it disappointed us. Many people are optimistic that the consolidation we have been seeing for weeks now is a signal of a great upward trend. We also need to learn from history. In 2021, everyone expected a $100k price and the market reversed from $69k, who knows same will repeat this year.

[vegasus]

For me, everything is still fine, BTC continues to be in a linear uptrend channel and has not fallen below $70K. I have no reason to panic or sell tokens, however, when BTC price drops below the basic trendline, it also makes me worry and sometimes sigh involuntarily ^^

Yes, I think so too, everything is still okay. and this is one of the phases that Bitcoin is currently in. There are quite frequent price increases and decreases. and this is still very normal. It's just how we become more patient in waiting for this market progress to run like this for a long time. If we still have to struggle for a longer period of time, maybe a few months in 2025, then there is no other way but to wait and be more patient to find a market rise that is in line with expectations.

[MUGNIA]

We aren't meant to panic if actually we knows about the market very well or even see how the previous charts has been, let say from previous ATH we know that there was no straight movement about the price, most times we may likely see price declination on Bitcoin and altcoin find it very hard to survive it mostly times when Bitcoin gains some percentage the altcoins follows immediately but they are mostly affected when Bitcoin start corrections.

It should be like that, we don't need to panic about this, but the current decline in Bitcoin is very consistent, there are small increases and large decreases, it's a little scary I think, I'm afraid if you're a little careless you'll enter a bearish trend, the asset will be stuck for a long time

[bettercrypto]

We aren't meant to panic if actually we knows about the market very well or even see how the previous charts has been, let say from previous ATH we know that there was no straight movement about the price, most times we may likely see price declination on Bitcoin and altcoin find it very hard to survive it mostly times when Bitcoin gains some percentage the altcoins follows immediately but they are mostly affected when Bitcoin start corrections.

You're right, if we are the only ones who have been in the crypto space for a long time, we will not be affected or feel worried because we have already mastered the market behavior in this industry of this crypto business.

Even if it falls sharply, we will still be happy because this is a chance for us to buy at a cheap price potential alts whose price suddenly fell in the market and if it is bitcoin, of course buy at a low price, that's it.

[Wiwo]

The price of Bitcoin is slowly falling though not very fast.  But the alts are declining very fast. Recently Bitcoin price took a big down and recovered from $91k to 101k. But since then no major movement of bitcoin is seen but slowly bit by bit the price of bitcoin is decreasing. Today it was down from $100k again to $95k. Is this just a Bitcoin correction or will we see a gradual decline in Bitcoin?  How is your prediction for Bitcoin in this situation?

Will all alts crash in a bitcoin situation? or is everything a major price correction for something big to happen?

And until now the bitcoin market correction is not over yet, the most important thing to take into account within this period is to make sure you have extra cash reserves to take up every price discount that bitcoin offers and increase your total bitcoin holding with every opportunity that comes along the way.

Most experienced bitcoin speculators and market analysts predicted this current market correction after bitcoin touched above 100k+.