86K and going down!

[Findingnemo]

It's good that we stopped before reaching the $70-75k range, I think the lowest price Bitcoin reached was $79k and now it started to recover a little bit at the moment and rose to $84k.

Of course this does not mean that the correction is over, we may witness other waves of correction and we may reach lower levels, but I like to be optimistic and hope that this is the end of the correction and the start of the rise again to touch the old price.

Of course there are many reasons that caused the market to bleed, but I am very hopeful that Bitcoin will return stronger than before.

Breaking the 80K barrier must be a sign whether it's 71K or 79K as long as we are in this we may see even the dip further. Interestingly someone made a thread about going below 75K and it looks like happening at the moment. The raise we are now doesn't seem to be holding on a long position that's another sign of uncertainty.

[JISAN]

It's good that we stopped before reaching the $70-75k range, I think the lowest price Bitcoin reached was $79k and now it started to recover a little bit at the moment and rose to $84k.

Of course this does not mean that the correction is over, we may witness other waves of correction and we may reach lower levels, but I like to be optimistic and hope that this is the end of the correction and the start of the rise again to touch the old price.

Of course there are many reasons that caused the market to bleed, but I am very hopeful that Bitcoin will return stronger than before.

Breaking the 80K barrier must be a sign whether it's 71K or 79K as long as we are in this we may see even the dip further. Interestingly someone made a thread about going below 75K and it looks like happening at the moment. The raise we are now doesn't seem to be holding on a long position that's another sign of uncertainty.

Yesterday Bitcoin price was pump $10k it was unbelievable move $85k to $95k but today it again drop to $85k. Such a volatile market is causing a lot of liquidation. And they are working completely against the prediction. I don't understand why this is happening. These issues have panicked the entire crypto market. this will only filter panic seller and then market will make a new ATH or market will crash again ?

[|MINER|]

Yesterday Bitcoin price was pump $10k it was unbelievable move $85k to $95k but today it again drop to $85k. Such a volatile market is causing a lot of liquidation. And they are working completely against the prediction. I don't understand why this is happening. These issues have panicked the entire crypto market. this will only filter panic seller and then market will make a new ATH or market will crash again ?

I will try to look at the positive side here. Because every time this has happened in the bullish season in the market, the market has given a big pump. So I think the market is going to give a big pump in the future.
And the rest of what is happening now is what I would call big whale manipulation, causing people to panic and sell their bitcoins at a low price. And I would also say market always goes our expectation opposite.

[yhiaali3]

And I would also say market always goes our expectation opposite.

Yes, this is a very important point, the market often goes against the expectations of the public and this is the point that whales exploit to manipulate the market.

They know very well how to manipulate the market, so when they see that the majority expects a rise, they sell, which causes panic, which makes many weak people sell their Bitcoin, and this selling causes the price to fall, so the whales come back and buy again at a lower price.
So in such circumstances, the best strategy is long-term holding.

[Sim_card]

And I would also say market always goes our expectation opposite.

Yes, this is a very important point, the market often goes against the expectations of the public and this is the point that whales exploit to manipulate the market.

They know very well how to manipulate the market, so when they see that the majority expects a rise, they sell, which causes panic, which makes many weak people sell their Bitcoin, and this selling causes the price to fall, so the whales come back and buy again at a lower price.
So in such circumstances, the best strategy is long-term holding.

So you're saying that the whales are big time traders manipulating the market to benefit from it. I bet you their manipulation will not work for long and it's only temporary. If we are still in the bull run, bitcoin price will definitely make a new ATH. But if the bear market catches up with us unexpectedly, we accept it and keep on stacking at a cheaper price.

[debra]

Yesterday Bitcoin price was pump $10k it was unbelievable move $85k to $95k but today it again drop to $85k. Such a volatile market is causing a lot of liquidation. And they are working completely against the prediction. I don't understand why this is happening. These issues have panicked the entire crypto market. this will only filter panic seller and then market will make a new ATH or market will crash again ?

Not sure whether it was caused of the manipulation or it is caused of the power of the Trump statement. Sure, Bitcoin was pumped to $95k but it dropped again drastically. It is always difficult to understand the market, but we don't need to feel confused. We only need to follow the trend of the market. Well, there is no way to know that we will hit a new ATH or we will go to the bearish. But I am still trying to trust that we are still in the bullish and may have a new ATH again for Bitcoin price.

[yhiaali3]

So you're saying that the whales are big time traders manipulating the market to benefit from it. I bet you their manipulation will not work for long and it's only temporary. If we are still in the bull run, bitcoin price will definitely make a new ATH. But if the bear market catches up with us unexpectedly, we accept it and keep on stacking at a cheaper price.

Yes, whales are definitely manipulating the market, this is obvious and does not even need proof, look at the market charts for the past few days and you will notice this quite easily.

For traders with a lot of experience, they can also benefit from this manipulation and these big fluctuations in short periods, but for me, it is safer to use the DCA strategy in the long term, this way you relieve yourself from watching the charts and thinking about the fluctuations.

[Bobcrypto]

Yes, pure speculation which you're not a fan of, but I've heard people saying that Bybit and Binance are crashing the market to liquidate people and fill the whole caused by the $1.5b hack that Bybit suffered this last week. Does it make sense? I'm not sure, I can't read the data... but here are the first tweets about it:

https://x.com/martypartymusic/status/1894199752754901366
https://x.com/beaniemaxi/status/1894452461361938460

Then Bybit's CEO came defending himself: https://x.com/benbybit/status/1894200705335923167

Out of all the news, or rumors that are spreading on various places, i am wondering if some of these panic investors/traders are following up this informations, and whether the information are true or not, It is important to know that some this news about the market sudden price decrease may be real and should be follow up at all time.
Well, behind every prevailing news or rumors, there may be evidence of truth at some times. I think we have been hearing about market manipulations by whales, probably   the current Bitcoin price situation may be attributed their activities.

[Aanuoluwatofunmi]

Currently now, reverse is the case, the $86k has been bullish until it landed at $90k and we don't know yet where we are still heading for after this, but the race for now has been between $80k and $90k and anytime we may be doing for now should fall within or between these range, all these will continue repeatedly until either of the support or resistance is overcome and we go bearish or bullish as the case may applies.

[debra]

Currently now, reverse is the case, the $86k has been bullish until it landed at $90k and we don't know yet where we are still heading for after this, but the race for now has been between $80k and $90k and anytime we may be doing for now should fall within or between these range, all these will continue repeatedly until either of the support or resistance is overcome and we go bearish or bullish as the case may applies.

Bitcoin has returned to $90k again today. Sure, Bitcoin still can drop again to $80k although it can reach $90,933 today. Bitcoin price very fluctuates in the last few days. I think the news from Trump that makes Bitcoin easily changes significantly. But we must thank to Trump, if there is no good news from Trump, I assume Bitcoin may be below $80k today. I don't expect that we will go to the bearish season very soon.

[taufik123]

Bitcoin has returned to $90k again today. Sure, Bitcoin still can drop again to $80k although it can reach $90,933 today. Bitcoin price very fluctuates in the last few days. I think the news from Trump that makes Bitcoin easily changes significantly. But we must thank to Trump, if there is no good news from Trump, I assume Bitcoin may be below $80k today. I don't expect that we will go to the bearish season very soon.

Why should we thank Trump, he was also the one who made the crypto market unstable and even when his inauguration Bitcoin dump was sudden.
The fundamentals are indeed very strong and any rumors that come out of Trump can be good or bad news.

Now the price may be quite good, but when bad rumors spread, the market will also go down.

It takes some assertiveness from Trump about his support for Bitcoin, not just saying out loud that he was a supporter of Bitcoin during the campaign, but concrete evidence is needed at this time.

[LogitechMouse]

Bitcoin has returned to $90k again today. Sure, Bitcoin still can drop again to $80k although it can reach $90,933 today. Bitcoin price very fluctuates in the last few days. I think the news from Trump that makes Bitcoin easily changes significantly. But we must thank to Trump, if there is no good news from Trump, I assume Bitcoin may be below $80k today. I don't expect that we will go to the bearish season very soon.

Why should we thank Trump, he was also the one who made the crypto market unstable and even when his inauguration Bitcoin dump was sudden.
The fundamentals are indeed very strong and any rumors that come out of Trump can be good or bad news.

Now the price may be quite good, but when bad rumors spread, the market will also go down.

It takes some assertiveness from Trump about his support for Bitcoin, not just saying out loud that he was a supporter of Bitcoin during the campaign, but concrete evidence is needed at this time.

It's kind of funny that Trump is the reason why the market pumped, and also the reason why the market dumped.
Well, I guess the ones that should thank him are those traders made money, and it's because of all of his announcements that he made.

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.

[|MINER|]

Yes, this is a very important point, the market often goes against the expectations of the public and this is the point that whales exploit to manipulate the market.

They know very well how to manipulate the market, so when they see that the majority expects a rise, they sell, which causes panic, which makes many weak people sell their Bitcoin, and this selling causes the price to fall, so the whales come back and buy again at a lower price.
So in such circumstances, the best strategy is long-term holding.

I am glad here to know that you got my point.
Actually that is also one reason I think we should always think the opposite of the market like when we will have feeling like market will pump that's mean there will be downish market soon.
And this is really happening in this crypto market and it will be in the future also so we have to also make our self on that point which won't feed the whale in this situation and continues our hodl.

[salad daging]

For traders with a lot of experience, they can also benefit from this manipulation and these big fluctuations in short periods, but for me, it is safer to use the DCA strategy in the long term, this way you relieve yourself from watching the charts and thinking about the fluctuations.

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.

[sampoerna]

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.