86K and going down!

[jeraldskie11]

Honestly, when Bitcoin dropped to $78k a few days ago, I was really worried whether it would go bearish this quickly. Luckily I remained patient and believed that this was just a very drastic market crash, but I was still able to survive and then get through it all. And it turned out to be true, after the drop was very far and made many people panic, then, there was some good news, and finally the price of Bitcoin skyrocketed very quickly. Uhhh, so relieved. Indeed, patience is very important in any situation, especially in crypto holding. This must have high patience accompanied by good understanding too.

If you have patience you would wait for the price to come back higher but if you have trading knowledge you will understand that in every drastic move in the market there will be a pull back. I don't think $78k would be the bottom of that strong selling pressure, I waited for the $75k price before I buy but it won't happened. Buyers are very strong in that area that's why they can sustain the selling pressure and sent the price higher.

[taufik123]

TBH, I also got profit from that recent price movement (converting to USDT then buying back BTC when it went down), and I guess I should thank him . The only ones that hate him are those who got liquidated. As for the concrete evidence, I guess we can say that he's a big supporter of Bitcoin when the Strategic Reserve Act will be passed.

There are those who gain a lot of benefits like you and also those who suffer huge losses by losing their liquidity.
two sides that give different views and of course some say thank you like you and others condemn trump for being incompetent with Bitcoin or some manipulation that is done.

If Trump is really serious about Bitcoin, I'm also happy and it's good news for Bitcoin.
It takes a few detailed steps about Bitcoin so that it doesn't cause a lot of speculation that ends up being very bad for the crypto market.

[Gurujebs]

If you have patience you would wait for the price to come back higher but if you have trading knowledge you will understand that in every drastic move in the market there will be a pull back. I don't think $78k would be the bottom of that strong selling pressure, I waited for the $75k price before I buy but it won't happened. Buyers are very strong in that area that's why they can sustain the selling pressure and sent the price higher.

There is more to this market. Blackrock used 2 weeks to sell 130 btc everyday, he was selling until Trump made an announcement about strategic reserve and assured to add other coins like XRP, Sol, Ada and ETH and after the rest, he just resume yesterday and buy again. If that announcement didn't happen, I'm sure that he will keep selling and that your support will be broken.

Buy and sell has both side and it depends on who is doing the buy at that time and who is selling at that time. If institutions are selling, the retailers will sell as well and if they notice they are buying, they turn bullish again.

[yhiaali3]

Well traders will try to take advantage of the manipulation that the pope is doing, maybe traders have a bot like a notification of what is happening .. because with the news bitcoin can jump again.
We just want to focus on DCA then trading is not interested anymore.

Yes of course focusing on DCA is much more important than trading and is safer and more profitable in the long run.

But for people who have good capital and love trading, they can allocate a small part of the capital to trading and get some quick profits, through these big fluctuations that we see, they can get scalping deals with good small profits.

But I recommend this only for those who have experience in this type of trading.

[MrSpasybo]

There is more to this market. Blackrock used 2 weeks to sell 130 btc everyday, he was selling until Trump made an announcement about strategic reserve and assured to add other coins like XRP, Sol, Ada and ETH and after the rest, he just resume yesterday and buy again. If that announcement didn't happen, I'm sure that he will keep selling and that your support will be broken.

Buy and sell has both side and it depends on who is doing the buy at that time and who is selling at that time. If institutions are selling, the retailers will sell as well and if they notice they are buying, they turn bullish again.

I cannot guess what is happening behind the scenes that the whales have set up for us in this market. They might just be selling to create panic and fear for holders, so they can buy more BTC at a lower price. I believe this is happening, because the bullrun is still ongoing instead of ending in early 2025.

Back to the topic, at least currently the BTC price has not had a weekly candle close below $86K but we are enduring boring sideways movement. I am thinking of 2 scenarios: BTC price soon falls out of $75K to enter a correction wave, or it will quickly rise to $140K to compensate for the stagnation of many months.

[salad daging]

Well traders will try to take advantage of the manipulation that the pope is doing, maybe traders have a bot like a notification of what is happening .. because with the news bitcoin can jump again.
We just want to focus on DCA then trading is not interested anymore.

Yes of course focusing on DCA is much more important than trading and is safer and more profitable in the long run.

But for people who have good capital and love trading, they can allocate a small part of the capital to trading and get some quick profits, through these big fluctuations that we see, they can get scalping deals with good small profits.

But I recommend this only for those who have experience in this type of trading.

Although I have had experience in trading but I do not want to avoid greater risk even though allocating a little, this is not a little calm sometimes the mind becomes a trading problem now.
Of course investing the DCA way may be the way to go now because throughout the year we have profited hundreds of percent after bitcoin above $100K.

[pawel7777]

It doesn't really look like we're still dropping.
Price holds around $86k, so more of a sideway action and we should have a breakout either way. Some say that we might dip again in the lover $70s area before going back up, but I haven't yet seen any analysts announcing the end of the bull market.

As of now, market is disappointed in the strategic reserve executive order announcement, but there's no major panic, so I guess that's good.

[Rubel007]

Honestly, when Bitcoin dropped to $78k a few days ago, I was really worried whether it would go bearish this quickly. Luckily I remained patient and believed that this was just a very drastic market crash, but I was still able to survive and then get through it all. And it turned out to be true, after the drop was very far and made many people panic, then, there was some good news, and finally the price of Bitcoin skyrocketed very quickly. Uhhh, so relieved. Indeed, patience is very important in any situation, especially in crypto holding. This must have high patience accompanied by good understanding too.

If you have patience you would wait for the price to come back higher but if you have trading knowledge you will understand that in every drastic move in the market there will be a pull back. I don't think $78k would be the bottom of that strong selling pressure, I waited for the $75k price before I buy but it won't happened. Buyers are very strong in that area that's why they can sustain the selling pressure and sent the price higher.

According to the current market conditions, it will be difficult to expect the price of Bitcoin to fall below 80k. If those who are thinking  increase their investment at this time, then there is a big chance for the price of Bitcoin to recover in the near future. In the meantime, the price of Bitcoin is now 20% below from the highest price, if a bullish movement starts, it will not be difficult to cross the previous ATH. Currently, the price of Bitcoin has a strong resistance at 84k. I think it is difficult get down to that price. Trump has issued an executive order to reserve Bitcoin, so it is certain that the price of Bitcoin will increase. Surely those who invest in this market will be able to profit more from it.

[rdluffy]

According to the current market conditions, it will be difficult to expect the price of Bitcoin to fall below 80k. If those who are thinking  increase their investment at this time, then there is a big chance for the price of Bitcoin to recover in the near future. In the meantime, the price of Bitcoin is now 20% below from the highest price, if a bullish movement starts, it will not be difficult to cross the previous ATH. Currently, the price of Bitcoin has a strong resistance at 84k. I think it is difficult get down to that price. Trump has issued an executive order to reserve Bitcoin, so it is certain that the price of Bitcoin will increase. Surely those who invest in this market will be able to profit more from it.

Just as I always warn you never to underestimate the price of Bitcoin going up, never underestimate how much it could fall, so that everyone can take better precautions and make better plans based on reality
BTC could fall from 80k, it could fall from 70k, it could fall a lot
I've seen the market since 2017 and 2018 was a bad year for cryptos, where every day it fell, every day we thought it couldn't fall any further, and the price fell...

[CryptoLaila]

If you have patience you would wait for the price to come back higher but if you have trading knowledge you will understand that in every drastic move in the market there will be a pull back. I don't think $78k would be the bottom of that strong selling pressure, I waited for the $75k price before I buy but it won't happened. Buyers are very strong in that area that's why they can sustain the selling pressure and sent the price higher.

You still don't get it, even we the Sell event News and some FUD, it's clear that there's still some manipulation ongoing, the price isn't suppose to pull back upto that extent imo your trading skill will just wipe your money out for now somehow.  75k indeed was the point where the market picked it's earlier thrust after election  so there's pretty much some buying pressure but in a bear season they likely might have taken profit and wait for lesser opportunities to buy yet we can still experience something below

[vegasus]

Just as I always warn you never to underestimate the price of Bitcoin going up, never underestimate how much it could fall, so that everyone can take better precautions and make better plans based on reality
BTC could fall from 80k, it could fall from 70k, it could fall a lot
I've seen the market since 2017 and 2018 was a bad year for cryptos, where every day it fell, every day we thought it couldn't fall any further, and the price fell...

During this current time, we have been under $80k and it touched $78k. And after that, there was a significant increase to above $90k again. Then, the market dropped again very drastically. Today is the same, if we look at the current market conditions, everything is down. Down -12% in 7D. The lowest figure today is $81,891. And it is quite possible that the BTC price will drop again below $80k this week if the market has not been able to reach its turning point. But well, the scheme will definitely be like this before it really enters the peak period of the bullrun. So we must be physically and mentally prepared to face all of this.

[Bobcrypto]

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.

As far as know, nothing is certain on the price of Bitcoin market, i am sure that $75k to $70k is possible, i can't rule it out because there can be many possibilities when it comes to market conditions and predictions.
I was expecting a bounce to $100k before coming down to a New Lows but the market dynamic changes at intervals. However, i think that we may still see a quick $95k by next week, then another Lows in my opinion.

[rdluffy]

During this current time, we have been under $80k and it touched $78k. And after that, there was a significant increase to above $90k again. Then, the market dropped again very drastically. Today is the same, if we look at the current market conditions, everything is down. Down -12% in 7D. The lowest figure today is $81,891. And it is quite possible that the BTC price will drop again below $80k this week if the market has not been able to reach its turning point. But well, the scheme will definitely be like this before it really enters the peak period of the bullrun. So we must be physically and mentally prepared to face all of this.

And we're already under 80k again
Perhaps this is one of the most annoying parts of the market, the devaluation little by little, over days, weeks or even months
It takes a lot of patience and confidence to stay firm in the market

I think we're all in doubt as to whether:
It's just a big correction that usually happens in cycles and ATHs
or
Whether it's the start of a bear market that will last a few months or even years

[Findingnemo]

I think we're all in doubt as to whether:
It's just a big correction that usually happens in cycles and ATHs
or
Whether it's the start of a bear market that will last a few months or even years

That's what I started to think as well since the 80k range broken. Could be a big correction before the real big jump.

Stay positive guys, it will bounce back until that keep buying.

[Aanuoluwatofunmi]

The market is currently at $78,000 as at the time of writing this, what else should we expect more, bearish or bullish trend, but I don't want to believe all these have anything to do with the political influence or manipulation, just as we already know, the market can behave as it likes depending on those actors that are pumping and dumping on it, if we should have this $78,000 the third time, then we should all believe that we are going dip a little bit within $70,000 to $80,000 and it may be hard to get back on $90,000.