Bitcoin Drops Below Major Price Support for First Time Since

[Shaza Ahmad 1682]

I do not think this is a cause for concern, the market is more dependent on supply and demand than its technical analysis, and liquidity is what drives the market up or down.

[jamesvince 2389]

Bitcoin price suddenly high and falls its rountine for crypto market. I never feel tension if bitcoin dumped so much in few hours hour because this market if falls 800$ in few days then next few days are the time of recovery for prices of crypto market always high volatile based. 

[Honny143 13612]

Bitcoin prices always goes up and dowm, because this is bitcoin fluctuations nature, that's why so many investors believe in bitcoin because this type fluctuation nature gives the chance to earn money.but some times it's gives loss also.

[BrolySSJ 7899]

the price of bitcoin has encountered major drops in the last few months and i think that the worst is now over as we are starting to see a rise in the price of bitcoin which i think is very good for the market and shows that people are buying more and more bitcoin in anticipation of the halving event that is coming up next week.

[Saj555 2250]

Prices of bitcoins always goes ups and downs. And it also changes with the situation. The current  price of the bitcoin is approximately 8k usd. But the prediction is that it will go around 15k in the next month. The price analysing is not right all the time. So I guess that after halving it can go that much and that high. 

[CryptoMaxim 3829]

No need to be surprised now in the big price jumps before halving and after it. For example, I try to make a profit from this. I wish you the same. And more clearly with the price will start to become clearer by the end of the summer I think.

[Virgil dijk 1431]

For me whenever I noticed a drop in price I don't really panic and just wait to see if it will drop futher then I can buy, because bitcoin when it drops in price , it will still rise again , so the best time to buy is when the price is low .

[Zezo 306]

$ 6600 was not the last bottom, it has reached $ 3,000 and many expect to return to this price before the Halving

[Raqeebzy 6456]

The tension in the air because of the crisis between the USA and Iran coupled with the fear of lingering pandemic has been hitting the bitcoin and other cryptocurrency negatively.

[Rezort 846]

To my mind, it is now always bad when bitcoin drops below its major price support because it very often turns out in to the new growth of it in the nearest future.

[Upright 2688]

Try bitcoin has always being in the flow of always Having to drop below it's resistance, as basically we know that the bitcoin is really volatile as to how the coin actually can drop, as that's why with huge sells of the coin we have the increase in its volatility

[BTC Future 3946]

On 4/27/2020 at 11:23 PM, Zezo said:

$ 6600 was not the last bottom, it has reached $ 3,000 and many expect to return to this price before the Halving

The post was from December, so the whole analysis was about a different timeframe and situation. In the case the OP describes the bottom was $6600. Months later we did drop to $3700 due to the virus effect in the markets.

[TimopheyKa 3900]

This sounds very surprising to us! Although, this was to be expected, because this is the market, and the price always rises and falls, so we can hope that after the fall there will be a rise!

[khan22 3478]

On 12/18/2019 at 8:51 PM, febriyana said:

I don't know about technical analysis.

but if i see from the graph i can predicted the price will going down until Januari or Februari. Maybe can missed.

I prefer still using Bitcoin, because i believe with many circulation of transaction will make Bitcoin confident again to going up.

Now the Bitcoin is going to be high day by day and at this time Bitcoin will touch the price 9650$ and i hope that BTC is going to be high more becasue this is the time when the BTC and also other crypto coins are going to be high and the holders will make profit through this coin.

[Mehar446 280]

Yes your analysis is great but now the bitcoin as a support price of $8800 which is a very good level for the traders. It is now going for its flight above 10k. May be by November 2020 this could happen.

[Cryptomint 433]

I always ready avail this time because I know that this is the time to invest and to wait to get a good profit by increasing price.

[Syedbesharat 5423]

The huge price dip is passed now and BTC is climbing upward for  now it's price is $13K which very good after declining at $3800.The analysis still insist at Bull run where the percentage is 7% in 2020.But the huge breakthrough is expected in 2021.before that can see BTC  $15K in December. 

[Alex9876r 1408]

Bitcoin is now one of the most valuable things ever Therefore, we see that the lower the price, the greater the demand for it, and this means that there are huge purchase orders that form a wall that prevents a decline except in exceptional cases, such as the collective disposal of whales of their currency and as it decreased at the beginning of the year now we see it rose and penetrated the downward trend from its main peak.

[Razan alikac 1899]

At that time it was a great opportunity to buy bitcoin, during these two months we saw a huge rise in Bitcoin and exceeded its highest levels, and the price of Bitcoin is still very volatile and the market depends on the whale paying it and is affected by supply and demand

[Whizdon 441]

We need to be patient and wait for the opportunity to come, investing and holding btc is not simple but we should know that every decision we make can help us to analyse the price of the btc.

[Goyaa 2414]

On 12/19/2019 at 12:58 AM, sdsonjoy50 said:

Many crypto researchers say bitcoin will come down to $ 6600, and I also think bitcoin will not come down to $ 6600, and since January may be a bitcoin pump, we need to wait now to have a bad time.

I have never been worried about researchers analyzing that Bitcoin will go down, I don't believe their word. I am also not worried about the decline in the price of Bitcoin, I think the decline is temporary to pump up further increases. To date, the researchers' words have not been proven and the price of Bitcoin has gone up far beyond their analysis.