Are We Headed for a Drop?

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0xLaserFull Member
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#1Dec 29, 2019, 06:17 AM
$88,000 right now. You think it's going lower? Seems like a lot of people were waiting for a rebound, but once it hit over $97k, the sell-off was brutal.
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#2Dec 29, 2019, 11:13 AM
Honestly, I don't get why folks panic so fast about Bitcoin pricing. It's been stuck in a range for a while. My friends were sure it was gonna shoot up, but the market's not ready yet. Gold’s been climbing too, and whenever that happens, Bitcoin usually takes a hit.
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#3Dec 29, 2019, 04:52 PM
This could drop at any moment. If we don’t see some movement soon, I bet investors will pull out, and we might see it tank to $80k. Feels like we’re in a bubble right now, especially since Bitcoin’s been so overbought.
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fullnodeSenior Member
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#4Dec 29, 2019, 10:00 PM
I'm thinking we're going lower this time. My charts show a trend line break. We might drop to around $80K and then just hover there if the momentum isn't strong enough.
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0xLaserFull Member
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#5Dec 30, 2019, 04:06 AM
Everyone’s worried about their portfolio percentages. Nobody wants to hold the bag, right? Expect the unexpected with Bitcoin, though. It’s volatile, and you might get burned if you try to time the market.
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#6Dec 30, 2019, 07:36 AM
I doubt we’ll hit $80k as long as we stay above $88k. The chart shows a solid support at that level until the end of January. If it holds, we might even test some highs again.
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AtomicLedgerFull Member
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#7Dec 30, 2019, 10:20 AM
Market feels stable for now. But if Bitcoin drops below $60k, we might be in trouble. I see dips as good buying opportunities.
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atlas100Senior Member
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#8Jan 1, 2020, 07:53 PM
Totally agree about the $60k mark. That level’s pretty key, both psychologically and historically. But we’re closer to $100k, so I’m feeling optimistic we’ll see that price again.
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#9Jan 2, 2020, 12:58 AM
No one really knows if Bitcoin will drop lower. A lot of people thought it would break above $97k, but the selling pressure was just too much. Now we’re stuck around $88k to $90k.
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#10Jan 3, 2020, 08:53 AM
True, we can't predict the dips. It's all about the battle between buyers and sellers. I’m hoping for a bullish year ahead, though.
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coldshardMember
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#11Jan 3, 2020, 12:44 PM
You can’t predict if this is the lowest point. It's just the start of the year, and there’s lots of selling pressure. Who knows, we might be entering a bear market.
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mark.bossHero Member
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#12Jan 4, 2020, 07:44 PM
Buying under certain conditions is tricky. People hesitate because they want the perfect price. But honestly, I think a DCA strategy is a smart way to go.
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jakebullMember
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#13Jan 4, 2020, 09:00 PM
No such thing as the perfect timing. If you have extra cash, just buy and accumulate. Unless you’re trading, then I get waiting for a dip.
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wildaltNewbie
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#14Jan 5, 2020, 02:37 AM
The $90k resistance was broken super easily. Now we’re looking at supports around $86k and $84k. Anything can happen in this crazy market.
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#15Jan 5, 2020, 07:45 AM
If we enter a bear market, we could see prices dip below $88k, maybe even touch $80k. But that's the best time for long-term investors to buy.
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alt_forkMember
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#16Jan 5, 2020, 08:12 AM
Definitely possible. Bitcoin’s been showing a head and shoulders pattern. I wouldn't be surprised if it drops to the $83k mark again.
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nonce_cipherFull Member
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#17Jan 5, 2020, 01:47 PM
Not saying it's going lower for sure, but it could drop below $80k. If it does, I think buying volume will increase, keeping the price around $80k-$85k.
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4tlas07Member
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#18Jan 5, 2020, 03:37 PM
I just look at the weekly charts. Feels like a decent buying range right now. But for some, maximizing Bitcoin holdings means a lot.
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john23Member
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#19Jan 5, 2020, 09:46 PM
Even pros can’t predict this market perfectly. The current price seems good for buying, but drops below $80k might still happen.
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#20Jan 6, 2020, 01:23 AM
So we’re at $88k now, and you think it could go lower? It might drop below $60k later this year. Gonna be an interesting ride.
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