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If we’re still in a bull market, I think $110k could be our support. But can Bitcoin break through that tough resistance at $120k?
W Posts: 36 · Reputation: 63
Honestly, didn't see that drop coming, especially after yesterday’s $119k. Feels like it could go down a bit more, but I doubt it'll fall below $111k.
M Posts: 139 · Reputation: 74
Yeah it found some support around that price but looking at the chart, it might dip to about $109k. I believe it’ll bounce back from there like before.
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Bitcoin dropped from $119k to $115k so fast, it’s wild. We can’t predict it perfectly, but I doubt it’ll fall below $110k. Just temporary corrections, I think we’ll see $150k before year’s end.
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You based that off daily charts, right? Bitcoin rarely drops to $109k in a day. With more days, it might not hit that low. It’s all speculation anyway.
A Posts: 137 · Reputation: 479
It's funny how a simple 5% drop gets everyone talking. If you think it'll keep falling, just short it. Meanwhile, I'm stacking up.
4l Posts: 20 · Reputation: 41
Nah, I don’t see Bitcoin going back down to $110k. This is just a minor correction after a big liquidation wave. I’ll grab some cheaper sats for my stack.
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I predict it'll shoot up to $150k soon, but hey, this ain't financial advice.
Mr Posts: 170 · Reputation: 35
Major crashes? Not unless something big happens. Expect minor drops and corrections though. With the global recession, we can’t see major spikes either.
Br Posts: 28 · Reputation: 545
#10 Nov 17, 2022, 01:58 AM This drop was unexpected. 6% from $123k? It's just a healthy correction in my eyes. If it drops to $113k, could be a good time to buy more.
C Posts: 81 · Reputation: 229
#11 Nov 17, 2022, 04:19 AM On the daily chart, $109k is the main support right now. We won’t just drop there without testing other supports first.
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#12 Nov 17, 2022, 07:37 AM Only down about 4%, not that scary. Daily increases can vary a lot, a 4% dip is pretty normal. If it goes below $110k, it’s still a buying chance.
C Posts: 31 · Reputation: 252
#13 Nov 17, 2022, 09:24 AM I think the bull run is winding down. $110k seems to be the trading point for now, given today's $115.6k. We’re already seeing a decline.
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#14 Nov 17, 2022, 01:21 PM Yeah, no significant bounce lately. I took a long position but had to secure my profits before this dip.
G Posts: 21 · Reputation: 58
#15 Nov 17, 2022, 01:41 PM Right now, no signs of a massive drop. But Bitcoin can tumble anytime due to unforeseen issues. It might hit $150k, but no guarantees.
W Posts: 36 · Reputation: 63
#16 Nov 17, 2022, 04:50 PM Totally agree. Surprised by the volatility. People are shocked because they got used to this continuous rise.
C Posts: 4 · Reputation: 186
#17 Nov 17, 2022, 06:05 PM I think we might see further drops. The CME gap needs filling. After that, maybe Bitcoin will pump up to $150k.
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#18 Nov 17, 2022, 11:24 PM The market is unpredictable. One moment it spikes to $123k then drops. But I still believe in the bull market for now.
#19 Nov 18, 2022, 12:26 AM Holding around $115k looks solid, but breaking past $120k needs serious buyer interest or good news. Expecting some price swings.
5w Posts: 13 · Reputation: 7
#20 Nov 18, 2022, 01:39 AM I think it’ll drop past $110k temporarily, but not for long. Lots of testing ahead before reaching new highs.