Bitcoin just dropped below 80k, huh? That's quite a fall from that 100k mark. Like over 20% in under a month. What do you guys think is gonna happen next? Another plunge to 70k?
Bitcoin's Price Drop: What's Coming Next?
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Whatever happens, I'm just gonna kick back with some snacks and watch the price charts go down. Not even sweating it. Where are all those folks who said to seize the opportunity? They'll panic and sell, and honestly that's just their loss. Gonna grab a beer too, this drop is kinda boring.
shard_2013Full Member
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#3Jan 12, 2023, 03:03 AM
I doubt it’ll go below 70k. But who really knows, right? DCA is the way to go now. Just set a limit order at 75k and another at 70k. But I really don’t see it dropping that low.
Didn’t expect Bitcoin to fall below 80k like this. The market is just unpredictable. One minute we’re thinking it’ll hit 150k, and the next it’s bleeding out. I’ve been doing DCA myself, but if it drops more, I’m all in for cheaper Bitcoin.
wallet2017Member
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#5Jan 12, 2023, 07:33 AM
Honestly, I wouldn’t be shocked if it drops more. Remember, it fell from 65k to about 46k, and the world didn’t end. It always bounces back. Been through worse declines, so just waiting for that rise again.
AtomicBlockFull Member
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#6Jan 12, 2023, 09:05 AM
Exactly! We’ve seen this before. Price bounces back stronger. Maybe this dip is just to shake out the weak hands. Fundamentals are solid, and institutions are still buying. I really think we’re due for a bounce soon. What do you all think will trigger it?
AtomicForkFull Member
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#7Jan 12, 2023, 10:06 AM
I wouldn’t say it’s a plan to scare out weak hands. It’s more about general market fear, especially with the tariff situation. But yeah, the strong investors are definitely buying low.
ape_diamondMember
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#8Jan 12, 2023, 02:24 PM
Didn’t think it’d dip this low lol. But honestly, holding at 70k is better than 80k. Recent drops were influenced by hacks, right? I mean, everyone who panicked probably sold already. I’m tempted to buy more at this price.
maxi_yieldNewbie
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#9Jan 12, 2023, 06:28 PM
This slow decline is tricky. Traders might think it’s gearing up for a rise, but it could just be lower highs until it’s too late to sell high. A lot of us are still holding since 92k hoping for new ATH.
Gotta remind everyone, this isn’t unusual. It’s just a chance to buy cheaper Bitcoin. "When in doubt, zoom out" is a good motto. No drop lasts forever; we’ll recover eventually.
Not sure Bitcoin will dip below 70k. If it does, panic selling will increase, especially from new investors who can’t handle the volatility. But we’ve seen some rebounds lately.
nonce_2018Member
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#12Jan 15, 2023, 02:05 PM
Big drops can cause doubts, sure, but it’s really just an opportunity for those who believe in Bitcoin’s future. It’ll eventually grow again; no drop is permanent.
This was expected. It was overdue for some sort of correction. Bitcoin dropped below 80k but then quickly climbed back over 84k. No reason to panic; it’s just a chance to buy at a discount. I think we’ll see it back up to 95k soon.
stake_2017Newbie
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#14Jan 17, 2023, 09:53 PM
That was definitely a needed dip. Cleared out some use and showed the easy-money seekers the reality of the market. I think we’re set for a run to 120k in the next few months.
Oh man, the 70k level barely lasted! Peter Schiff totally misjudged that. Market is tricky, but I expect we’ll hold above 80k now. Even if we drop again, it won’t go below 70k.
Possible it’ll drop again, but the bounce back is already happening. I’ve been waiting for this dip to buy more since I took profits at 100k.
I agree, this drop feels intentional. The market often clears out leftover liquidity before making a move up. 77k seems like a strong support point. If it falls below that, things could get messy.
If we drop below 70k, it could signal a bear market. But hey, we could also see a repeat of past cycles. Market held at 80k and bounced to 84k, so I’m optimistic about the bull run continuing.
No one can predict Bitcoin’s next move for sure, but I feel the bull run isn’t over. This drop is just a chance to buy low. Didn’t expect to see it under 80k though; interesting times ahead.
If it holds, we might see some channeling before a breakout. If it hits 70k, it’s not the end of the world. We’re still on a bull run. A 20% drop isn’t anything new; we’ve faced worse.