Cryptocurrency Market Slides as Bitcoin Falls Below $100,000
The cryptocurrency market experienced a significant decline on Tuesday, with Bitcoin (BTC) dropping below the key $100,000 mark. This drop triggered a ripple effect, causing other major cryptocurrencies like Ethereum (ETH), Solana (SOL), XRP, Dogecoin (DOGE), and Shiba Inu (SHIB) to also see price decreases.
Market Analysis:
* Bitcoin (BTC): The leading cryptocurrency fell by over 5%, reaching a price of $97,000. Analysts are divided on the next move for BTC. Some believe a support level of $97,000 needs to hold to avoid a further drop to $92,000. Others predict a potential decline to $85,000 if support breaks.
* Altcoins: Major altcoins like Ethereum (ETH), Solana (SOL), XRP, Dogecoin (DOGE), and Shiba Inu (SHIB) mirrored Bitcoin's decline, experiencing price drops ranging from 5% to 10%.
Expert Opinions:
* Michael van de Poppe: This crypto trader suggests the current Bitcoin volatility could be a consolidation phase. He expects a market rebound with strong altcoins leading the recovery.
* Ali Martinez: This crypto chart analyst identified a buy signal on the Bitcoin hourly chart using the TD Sequential indicator. He believes a rebound is likely if the $97,000 support holds.
* More Crypto Online: This platform advises focusing on potential support breaks and avoiding predictions. They suggest waiting for a reversal signal before entering any trades.
* Castillo Trading: With the US inauguration just around the corner, this trading group recommends patience. They advise waiting for a potential retest of the $93,527 level before initiating any trades.
Overall, the cryptocurrency market is experiencing a correction. The near future of the market depends on whether crucial support levels hold for Bitcoin and other major cryptocurrencies.
#TrumpBTCBoomOrBust #news_update #corrections

🔔🔔!! NEW signal: FTM/USDT 🔔🔔
Leverage: 20x
Direction: SHORT 📉
Entry: 0.692-0.695
Stop: 0.72
TP1: 0.679 (25%)
TP2: 0.661 (25%)
TP3: 0.648 (25%)
TP4: 0.632 (25%)

FTM has broken both the bullish trendline and a strong support level, which was also the neckline of a former double top pattern. On the daily timeframe, a bearish divergence has formed on the RSI, signaling potential weakness. Given these technical signals, I expect the overall market to experience a correction before entering the next bullish cycle

#doubletop #corrections #FTMUSD

This wasn't even a major #corrections we had predicted this, and this is only the beginning of the bull run. Time is still left for the bull run to go completely breserk💥🔥

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Did you know that this dip was coming?

$BTC Update:

• First scenario played well as $BTC hit 📈 108k level. I warmed you about a dip 📉 after a touch of those levels, didn’t I ? Who warned u? Me 🤫 !

• Believe me, I’m gonna eat this dip with a spoon 🥱 💵.

Stay connected #corrections

if BTC went down to 55 or 60k, then Alt coins will be down like 200 to 300% and whole Market will take a Massive hit. hope BTC consolidates between 67 and 69k. otherwise it will be a Bloodbath.
#corrections #BTC☀ #altsesaon

$BTC

As expected, the last pullback could be attributed to the increasing FUD at the higher price levels. However, the questions that need to be asked are whether BTC would be able to recover? and whether we could see more of such flash dumps in the near future while BTC attempts to make new ATH?

The recovery I believe has already begun and if BTC crossed above 71k, it would be a good sign of bullish sentiment. For now, we have seen 69200 confirmed as a good support, which has given a push above 69500.

As far as such flash dumps occuring in future is concerned, their liklihood cannot be denied. FUD increases as BTC starts trading over 71-72k, it puts traders in a difficult position where they are afraid that if they buy BTC at such high levels there is a chance that their capital could be stuck for years until they are able to sell it in profit.

Having said that, the more attempts we make at the higher levels, the more confidence it will give to the buyers to purchase. Right now we have somewhat of a balance of FUD vs FOMO at 69-71k. Once FOMO takes over, prices would be pushed higher and higher, then we will more likely see flash pumps.

This is not an investment advice, you should rely on your own research while investing. I take no responsibility of loss incurred to the readers.

#BTC #corrections #FOMO #FUD

🚨‼️How to manage corrections during a bull market?‼️🚨

⚠️Corrections are price drops of 10% or more in a short period of time.

⚠️During bull markets, bitcoin corrections give you a good chance of making profits

⚠️The cause of a correction may be found in the overselling of a cryptocurrency in the face of sluggish demand

⚠️In case of correction, it is necessary to keep your cool and decide in advance what you will do next

⚠️A correction during a bull market requires a very different approach than during a bear market

⚠️Those who prepare well for a correction can benefit greatly from it

Bitcoin corrections are quite common, especially in bull markets. The price of bitcoin really is not going to increase every day and there are traders on the market who take advantage of corrections. Prepare well for this sort of thing so you know in advance exactly what you'll do next.

#corrections #bullrun

If history repeats, Bitcoin could be in for a wild ride over the next six months! 🚀📈

What to Expect for Bitcoin in the Coming Months?

Checkmate's analysis suggests that while Bitcoin hovers around $60,000, it's poised for a significant move. If the past is any indication, this could lead to a period of intense growth. "Bitcoin history tends to rhyme," he explained, pointing to previous cycles that saw similar patterns. After a period of consolidation, Bitcoin could skyrocket for a parabolic advance that could continue for several months. 🌟

A Look at Bitcoin's Recent Corrections

April 2021 was a high point for Bitcoin, but this month saw a considerable pullback, with prices dropping over $8,250. Despite this dip, Checkmate says these corrections are typical and can be seen as a sign of a healthy market. He noted that Bitcoin tends to bounce back stronger after these corrections. This is backed by historical data, showing that the end of each year after a halving usually delivers strong gains. 📊

Sell in May and Go Away?

There's another perspective that suggests caution. Charles Edwards from Capriole Investments commented on the recent bullishness, saying that the market hasn't had a significant drop in a while, and that one might be coming. He even suggested that investors might consider selling in May and waiting for a possible correction. "A flush would also be good for sustaining continuation of the bull market," he remarked, hinting that a correction could strengthen Bitcoin's long-term outlook.
Bitcoin's price is quite unpredictable, with sharp fluctuations that can catch even experienced traders off guard. At press time, Bitcoin had dipped to $57,691, indicating that the market could be in for a turbulent ride. 🌪️

Stay tuned for more insights on Bitcoin's journey! If you enjoyed this analysis, follow along for more! 🌈
$BTC $SOL #BTC‬ #BullorBear #corrections

🔔🔔!! NEW signal: APT/USDT 🔔🔔
Leverage: 10x
Direction: SHORT
Entry: 7.85
Stop: 7.95
TP1: 7.6
TP2: 7.48
TP3: 7.15

I've identified a Head and Shoulders pattern on APT, and it seems like it needs to fill the gap before the next potential pump. Additionally, BTC is undergoing a correction and could drop to around 62.4k, so a dump is expected. I'm going short on APT until it reaches support. Overall, the market seems to need a correction before the next bull run.

#APT_UPDATE #APT🔥 #corrections

ltc
$LTC
#up
#corrections #BTC☀ #LTC.智能策略库🥇🥇

$ETH 3700

#corrections

A correction has begun, everyone hold on tight. A correction in the cryptocurrency market is a great opportunity to reassess strategies and look for new entry points. In such moments, strong foundations are formed for future growth. It is important to remain calm and remember that every volatility is part of the path to success!$BTC $ETH $XRP #BtcNewHolder #corrections #bearishmomentum

Christmas in nearly come,
However the market correction still on the table
what is your thoughts?
Do you think everyone needs the money for Christmas or new year eve so they took some profit resulting this red market?
When do you think the correction would stop and have the reversal green ^^?
Let share each other on comment section #BTCNextMove #altsesaon #corrections #BTC☀

#copiedpost #Token2049 #BTC🌪️ $BTC $SOL $BNB #corrections
📢WISE SAYING - LISTEN📢
If you want to become a millionaire
in crypto and stay a millionaire, just
follow these 2 simple rules:
1) Never do leverage trading, Control
your greed to become rich overnight.
2) Never forget rule no. 1
In yesterday’s dump even 3x longs got
liquidated which are considered safe

"Attention followers! The Bitcoin correction has come to an end, and the market bleeding is over. Get ready to see green charts soon. Hold tight and stay tuned for exciting developments ahead!"

#BitcoinHalvingMagic #CorrectionWaves #corrections

#copiedpost #Token2049 #BTC🌪️ $BTC $SOL $BNB #corrections

📢WISE SAYING - LISTEN📢

If you want to become a millionaire
in crypto and stay a millionaire, just
follow these 2 simple rules:

1) Never do leverage trading, Control
your greed to become rich overnight.

2) Never forget rule no. 1
In yesterday’s dump even 3x longs got
liquidated which are considered safe.