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Dante Spiritus
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The crowd buying on the dip is currently providing liquidity, securing profits. The hype train was driven up well enough for the big players to make money.
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Bitcoin Could Skyrocket By 25% in Days If History Repeats but There’s a Catch: Data
Bitcoin’s massive rise from under $70,000 to over $108,000 within a month and a half after Donald Trump’s landslide victory in the US presidential elections left some investors outside the circle.
However, the ever-volatile nature of BTC always leads to substantial corrections that provide opportunities for those who missed the initial train to get on board. In the past couple of days, bitcoin’s price tumbled by double-digits, which, according to Santiment, has made the crowd seek to buy the dip.
Moreover, history shows that it could send BTC flying again.
Is BTC About to Bounce?
As the analytics platform noted, the last time these discussions exploded in a similar manner was in early August when the cryptocurrency’s price tumbled below $50,000. Just a few days later, though, the asset had climbed by over 25% to beyond $62,000.
If history is to repeat itself now, even though BTC’s market cap is a lot higher, bitcoin could recover from its big retracement and head toward a new all-time high again of over $120,000.
With Bitcoin falling as low as $95.5K today, the ratio of crypto discussions that are about buying crypto’s dip has reached its highest level in over 8 months. The last time we saw the crowd nearly this enthusiastic about dip buying was the major crash on August 4th. Since… pic.twitter.com/39NlpnGMCs
— Santiment (@santimentfeed) December 20, 2024
Not So Fast
Although the ‘buy-the-dip’ history shows that BTC’s correction could be over, this narrative is not supported by other on-chain and technical metrics, such as one particular demand zone.
IntoTheBlock posted even before bitcoin lost the $100,000 mark decisively yesterday that such an area had formulated at around $97,500, given the large number of investors purchasing at such prices more than 1.4 million BTC. These accumulations turned that level into an ‘important’ support zone, which has now been broken to the downside.
Once such vital support lines are breached and investors who had entered recently see their positions in the red, at least on paper, many tend to dispose of their holdings, which leads to more intense selling pressure for the underlying asset.
Will Bitcoin retrace below $100k?
Interestingly, a significant demand zone has formed just under $100k.
Over 1.45 million BTC was accumulated at an average price 97.5k, making this an important potential support zone. pic.twitter.com/vDcHEl8OKV
— IntoTheBlock (@intotheblock) December 19, 2024
The post Bitcoin Could Skyrocket by 25% in Days if History Repeats But There’s a Catch: Data appeared first on CryptoPotato.
However, the ever-volatile nature of BTC always leads to substantial corrections that provide opportunities for those who missed the initial train to get on board. In the past couple of days, bitcoin’s price tumbled by double-digits, which, according to Santiment, has made the crowd seek to buy the dip.
Moreover, history shows that it could send BTC flying again.
Is BTC About to Bounce?
As the analytics platform noted, the last time these discussions exploded in a similar manner was in early August when the cryptocurrency’s price tumbled below $50,000. Just a few days later, though, the asset had climbed by over 25% to beyond $62,000.
If history is to repeat itself now, even though BTC’s market cap is a lot higher, bitcoin could recover from its big retracement and head toward a new all-time high again of over $120,000.
With Bitcoin falling as low as $95.5K today, the ratio of crypto discussions that are about buying crypto’s dip has reached its highest level in over 8 months. The last time we saw the crowd nearly this enthusiastic about dip buying was the major crash on August 4th. Since… pic.twitter.com/39NlpnGMCs
— Santiment (@santimentfeed) December 20, 2024
Not So Fast
Although the ‘buy-the-dip’ history shows that BTC’s correction could be over, this narrative is not supported by other on-chain and technical metrics, such as one particular demand zone.
IntoTheBlock posted even before bitcoin lost the $100,000 mark decisively yesterday that such an area had formulated at around $97,500, given the large number of investors purchasing at such prices more than 1.4 million BTC. These accumulations turned that level into an ‘important’ support zone, which has now been broken to the downside.
Once such vital support lines are breached and investors who had entered recently see their positions in the red, at least on paper, many tend to dispose of their holdings, which leads to more intense selling pressure for the underlying asset.
Will Bitcoin retrace below $100k?
Interestingly, a significant demand zone has formed just under $100k.
Over 1.45 million BTC was accumulated at an average price 97.5k, making this an important potential support zone. pic.twitter.com/vDcHEl8OKV
— IntoTheBlock (@intotheblock) December 19, 2024
The post Bitcoin Could Skyrocket by 25% in Days if History Repeats But There’s a Catch: Data appeared first on CryptoPotato.
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Just buy when it's cheap and sell when it's expensive. It's all elementary.
Funny how everyone pretends to know the market. I think 90% of so called crypto experts predicted the bottom was in last dip. Yet it dipped lower. Maybe these so called experts should call the dips before it actual does so noobs like us know to sell at top and then buy the bip. Dun hate on me y’all. Just speakin the truth! 😅
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#BTCNextMove Now, believers in growth think that this is a good opportunity to stock up $BTC at a discount, but as they say, buy the bottom and get a second bottom as a gift.
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This is not a turnaround, it's those like you who believe in growth buying the fall.
Well, everyone look at the 360-degree turn, for those who were waiting for 80 to purchase bye, $BTC is flying into space 🚀, you have a chance to jump on the last wagon, we are departing 🚀🚀🚀
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According to your faith...
Technical analysis is nonsense🤣 you project what is happening onto a chart, which can always be interpreted in two ways! Price is pushed by manipulators☝️
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Who is everyone? I said there would be a turnaround and 100-110 is the peak.
Why did everyone say the price would skyrocket before the price drop, did they send charts where they drew growth!!
Nobody knows what will happen to the market!
One can only guess!
I see many people have lost huge amounts of money, guys, either work on spot or put a stop loss!!
How can you lose so much money!!
Be smarter, don't be greedy, work according to a plan and not according to your mood!!
Good luck to everyone
Nobody knows what will happen to the market!
One can only guess!
I see many people have lost huge amounts of money, guys, either work on spot or put a stop loss!!
How can you lose so much money!!
Be smarter, don't be greedy, work according to a plan and not according to your mood!!
Good luck to everyone
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I also shouted with you, bro) But they didn't listen and shouted back about bitcoin going for a million by the end of the year and that the price would never be below 100k
Let's remember those who didn't listen to me when I shouted to drain 108 bitcoins when I was...
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And in the end, this will be a penny profit and months, if not years, of exhausting waiting (until you close at a loss just before the rise) 1000$ even for futures it's not enough, let alone for spot.
Spot Trading
And yes, there is a difference between spot trading and futures trading, and it's not just about leverage. Spot trading can be more related to investing and long-term (similar to buying real estate). By the way, real estate also decreases in value sometimes... And if real estate can be rented out, then spot can be deposited in Earn for interest. Futures are traded short-term, ideally up to 5 months when entering a trade and 1 hour when analyzing the trend.
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You can and should go against the market, but you need to know how to do it.
yesterday evening I lost 20% of my deposit on futures. I thought I'd catch a reversal) in the end... those who don't go against the market are right
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$BTC So, the peak of the third wave of the global bullish cycle with a target in the region of 100k, which I talked about entering in the summer, has apparently been passed. As I wrote earlier, now we are heading for the fourth corrective wave with an average target in the region of 80k and possible impulse drawdowns to 75-70. Do not believe the news and look at the charts at least on the daily/weekly timeframe, so as not to be among those for whom what is happening has become an expensive surprise.
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I warned that there would be a reversal and a deep correction. They laughed, said to take some pills, and that Bitcoin would not go below 100k again. Apparently, it's no longer funny.
Well, who is shorting? Or are there only long traders here?)))
I see all the posts are in the red, did you get caught off guard?,
I'm also in the red but on spot, so we are all waiting for the best profit $BTC #
I see all the posts are in the red, did you get caught off guard?,
I'm also in the red but on spot, so we are all waiting for the best profit $BTC #
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75-80 January-February. Although it's hard to say for sure. It may stretch over time. But we will go for a good correction.
110k or 72k ?
maybe72k only when?
december 2024 or may 2025?!
maybe72k only when?
december 2024 or may 2025?!
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No. We will only reach 10 if quantum computers are used faster for breaking Bitcoin encryption than for mining and complicating the network. But at 70-80, yes.
#btc
Well, as I said, Bitcoin will not exceed 110 thousand; it will gradually start to fall in the first 1-2 months by 70-80, and then gradually by 10-20, and ultimately it will probably stop at 10. It can't rise for so long; sooner or later, it has to happen. Because you can't cheat math, everyone has stocked up 😊, and now they are waiting for it to rise; on the contrary, it will decrease so that those who don't have patience will sell. And so it will go in a cycle until 1-2% wins.
As they say, patience is the key quality of a trader.
Good luck $BTC
Well, as I said, Bitcoin will not exceed 110 thousand; it will gradually start to fall in the first 1-2 months by 70-80, and then gradually by 10-20, and ultimately it will probably stop at 10. It can't rise for so long; sooner or later, it has to happen. Because you can't cheat math, everyone has stocked up 😊, and now they are waiting for it to rise; on the contrary, it will decrease so that those who don't have patience will sell. And so it will go in a cycle until 1-2% wins.
As they say, patience is the key quality of a trader.
Good luck $BTC
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No one will hold you back. I warned you.
who will hold the fall?
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Like. Everything is on schedule.
So, do you like this market?
The rich have become even richer, while you have become even poorer. This is what crypto is all about.
The rich have become even richer, while you have become even poorer. This is what crypto is all about.
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Yes. Everything with Bitcoin goes in circles but on different levels and scales as the market is pumped with liquidity.
History is repeating itself! Just like in 2021, after 34 weeks post-halving, BTC dominance started to drop, and altcoins pumped. Now, in 2024, we are seeing the same pattern again. 😇
Now i found 💯
🤯 If you zoom into the 4-hour chart, you’ll notice BTC dominance pumps another 5-7% before the real altseason begins. This means we might be very close to the start of altcoin season time to get ready! 😳
Now i found 💯
🤯 If you zoom into the 4-hour chart, you’ll notice BTC dominance pumps another 5-7% before the real altseason begins. This means we might be very close to the start of altcoin season time to get ready! 😳
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That's how it will be. That's right. The expected correction is at least 25-30%.
$BTC
Look at the weekly time frame!!!
RSI is above 91% .Don't you think deep pullback and correction will occur soon???? If it happened, the whole crypto market would be bearish for so long. Unfortunately, bearish crypto market is inevitable in the future.
#BTC #Marketcrash
Look at the weekly time frame!!!
RSI is above 91% .Don't you think deep pullback and correction will occur soon???? If it happened, the whole crypto market would be bearish for so long. Unfortunately, bearish crypto market is inevitable in the future.
#BTC #Marketcrash
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Everything is going strictly according to plan. Agreed. We are entering the correction wave at 65-80 (as it goes). I mentioned the trip to 100k back in the summer.
Everything is going strictly according to plan. And who didn't know this until now, everyone is guessing from coffee grounds "where bitcoin will go"? Little, silly hamsters.. ))
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The world is not obligated to fit your opinion of it.
He who knows the future has no time to give advice to anyone. It is more accurate to say: 'I think that a certain coin may rise or fall in the future'.
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You described qualities that are not inherent to most people, including those who are trying their hand at the stock market.
I am just amazed at how many whiners write posts like "I've lost everything" "This is a scam" "Sell and leave, it's all a deception" "Futures are a complete fraud" You whiners need to start thinking realistically, set a minimum leverage, and don't use your entire balance. This is the exchange, there are rises and falls, and it requires patience, a cool head, and nerves of steel.
If you think realistically and aren't greedy, you will then be both financially secure and in profit.
If you think realistically and aren't greedy, you will then be both financially secure and in profit.