shard_2013Full Member
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#1Jun 23, 2020, 04:21 PM
Bitcoin’s been dropping since it hit an all-time high. Now it’s around $100k. I really think we shouldn’t freak out too much. This could be the support we need for now.
Bitcoin Dips: Is $100k the New Support?
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Honestly, even if it goes below 100k, I doubt it’ll dip under 99k. Seems like it’s holding up, but who knows? Could be another retest coming.
When you step back, the price is still up compared to a couple of months ago. So maybe this is just a little normal dip as things balance out.
Looking at the BTC chart, the last 24 hours have been crazy volatile. Most of the decline was in the last few hours, so I wouldn’t call it a crash yet. It could recover pretty soon.
mark.viperFull Member
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#5Jun 26, 2020, 04:01 AM
But isn't it true that Bitcoin has gone from 50k to under 17k before? Small investors are the ones panicking and selling off, just feeding the whales who want to buy cheap.
I could be off, but I believe we’re not in a bear market just yet. This correction feels like the ups and downs we've seen before. A dip could happen, but I don’t think we’re headed for a bear market.
True, that $100k mark has turned into a psychological support. If it breaches, I think it’ll just be temporary. We've seen similar patterns before.
Yeah, we kinda expected this drop but it felt surprising. When Bitcoin first hit 100k, I thought we were safe, but it crashed harder than I thought.
shard_2013Full Member
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#9Jun 28, 2020, 06:26 AM
I see it as pure trader speculation. Sure, it might dip below 100k but I doubt it’ll plummet too much further. The market will bounce back.
bridge_2014Senior Member
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#10Jun 28, 2020, 11:41 AM
Exactly, no reason to panic. This is just how things go. After a dip, we usually see a solid recovery. Waiting to see how it plays out is key.
chris.novaMember
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#11Jun 29, 2020, 10:30 PM
I also agree that Bitcoin will likely stick above 100k. It feels like this is going to be the new support, even with fluctuations.
kevin_atlasFull Member
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#12Jun 30, 2020, 12:11 AM
Nah, this isn’t a crash. It’s just a normal pullback, which is totally fine. Watching 98.8k for signs of strength in this move.
real_protoNewbie
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#13Jun 30, 2020, 03:14 AM
I heard Bitcoin hit around 100.1k yesterday, but honestly, I’m not surprised. A lot of the panic selling comes from fear around some recent news.
greg.chainMember
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#14Jun 30, 2020, 04:45 AM
I’m curious about how you picked 100k as support. Seems like a lot of guesswork with these predictions. People should just hold tight.
Agreed, the volatility has been crazy. corrections happen all the time after a big rise. Just gotta hope it’s not leading to a full crash.
LOL, yeah man, definitely need to zoom out a bit and not panic.
So many people are sweating right now, and it’s understandable after such a deep drop from the highs. All this negativity is just making it worse.
Every prediction feels like guesswork to me at this point. Only day traders seem to panic at small dips while the rest of us just sit tight.
wildoracleMember
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#19Jun 30, 2020, 01:55 PM
Looks like Bitcoin fell below 100k, and it might go a bit lower yet. This could be a reaction to interest rates, but I wouldn’t panic. Just a correction.
After hitting a new high, Bitcoin’s been sliding. Many will panic while others see this as a buying opportunity. Just gotta keep your cash ready.