We've been watching Bitcoin slide for nearly a week now, and it’s still on that downward path. I was hoping Bitcoin would hit $130k this month, but with the way things are looking, that's not gonna happen. Back in August, when the price hit a new all-time high, we saw it reach over $124k, which was the peak.
It feels like just a week ago the market was at that high point, but since then, Bitcoin has been on a steady decline. There’s definitely been some ups and downs, but with the current trend, it looks like we might see even more drops.
What do you guys think? Is this slump gonna last a while, or are we just experiencing a temporary dip?
I'm not really sure what you mean by fallen for the military time. But it's obvious that that market might have taken some rest this month. And as what others have said basing on the historical logs of Bitcoin, during the month of August, it looks like Bitcoin is not doing good.
And so even in the bull run, although we have seen the price reach all time high this month, and even last week's Powell statement has bring life to the market. But then again, maybe there could be some shift or it's just that the investors are selling to make some money. I wouldn't worry with the current price action at all.
I don't know what you mean by military time but I am sure we are experiencing the DIP on the correction level and from the drawdown, the Bitcoin market has experienced a fall of 11% which is a lot.
I have read a lot of thread about how the market had been profering traders excessive losses due to high volatility that had got the price volume in a worse complication to be predicted.
My strong believe is that there will be a recovery rally and a driving force that would trigger uptrend to other ATHS again if as speculated that we are still in the bull season.
We have discussed this on a thread recently that was created by one of the reliable members of this forum when bitcoin price increased recently that the price might come back down and the price came back down.
All the support have been broken but remaining $108000 which can be a huge blow if bitcoin fall furher which can trigger bitcoin to go below $100000 again.
I do not know if bitcoin price will fall more but people should just be careful as it may.
Market fallen for military time? What do you mean by that maybe further explanation regarding that phrase will help me understand what you are talking about. I don't think the market will continue dumping for long. We are about entering the ember months were bitcoin bitcoin has always performed very well in the past. Month of August as I have experienced in the past has always been bearish for bitcoin. I was really surprised when bitcoin set an ATH in August this year. So what we are experiencing now, is not surprising to me because I have seen bitcoin behaved like this previously in the month of August in past years. Bitcoin will pick up very soon believe me.
The bitcoin market has seriously been in down trend for a weak now and using the weekly chart the sentiment is negative, I was actually expecting a pull back right after the new all time high was set but seriously wasnt expecting a dump of more than $10k price value, my realistic expectations was that the market will test $115k support but the support will still hold but right now it has even broken below $112k which was regarded as the primary support now. Now with $112k support broken I expect the market to try to test the one at $108k and if that fails then it will seriously be a heading way down to $102k.
For now we have six days left of August and the Market trend is bearish for the month, I wouldnt conclude yet that the market will stay like this because historically August for 2025 is supposed to be bullish and end in green candle so probably the remaining days might see bitcoin actually heading up and having like 10% upward movement to end the month in bullish trend, $130k is not looking realistic but the days left can still be enough to get this value up
The market is currently in a good position, according to my plan, maybe the market will recover again soon. Yes, we saw the market grow very quickly in a few days and it went to a very high position but later we saw a decline in the market due to military time.
I believe the market will not go into dumping for a long time but it will pump again, but it needs a little time. I think this is a small decline due to military time, which will strengthen the Bitcoin market and very soon it will go to a high position.
The price of Bitcoin has been rising for a long time, but we are definitely moving towards a correction from here. Because the dumping of Bitcoin prices is currently happening, it is basically an opportunity for investors to buy deep. However, the positive aspects that we are currently seeing about Bitcoin will not make us collapse, but there is a possibility that weak hands will collapse. Investors who panic because Bitcoin prices are being dumped will definitely not be able to hold Bitcoin in the long term.
Because investors who have been holding Bitcoin for a long time are basically ready to buy more if the Bitcoin market corrects. However, I think that at this time, hold Bitcoin more tightly and be more aggressive in buying Bitcoin.
1.There's not enough liquidity on the market to support a FOMO phase and a price pump towards 125K USD.
2.Lots of traders/investors simply want to sell their BTC at a higher price and cash in the profits.
3.The process of selling activates lots of automatic sell orders, which pushes the price even further down below 110K.
4.Little to no good news coming from the Federal Reserve.
5.It's August and the crypto markets usually aren't bullish during August(despite the ATH Bitcoin price).
There are lots of factors contributing to a price decline. I'm not worried. Just keep HODLing and accumulating. There's might be a bull run coming in the last quarter of 2025.
The best plan is to go and buy at this dip, we never thought that we will see $110k again, but here it is, we have the opportunity to buy Bitcoin at a discount and so everyone should take advantage of that and stop like complaining and then going to the charts and see how far it will go.
So don't complicate things or be affected negatively just because the price is on a correction. And on the contrary, we needed this one, this is a healthy correction so that those who are waiting at the sideline to enter now has the best time to do it.
momentarily not military?
Well frankly if you can't take the heat get out of the kitchen.
or
Stick with the coin and buy a little more if you have cash left over.
we dropped from 106k to 74k we rose to 124k and are now 109k
no one knows what is next.
but you know what you can afford to lose.
so make a call
This is going to be a big blow on those that trades because a number of assets worth billions would have been lost at the cause of long positions some thinking that the market is going to all time high as it behaves, but later discovered that they were actually wrong about it, things like this are part of the reasons why we do advise that many should only invest or trade with the money they can afford to lose, because the market can behave at any direction and sudden shock like this rent the market on a bearish pattern and assets got liquidated for those into trading on long positions.
I have read about the myth that Bitcoin will be bearish in the month of August, maybe that is what is playing out or maybe it is just a coincidence that we are experiencing this dip now when we are expecting to see a new ATH. This situation begs for an answer whether we are still in the bull run and we would see a recovery in no time or we are slowly retracing into an early sign of bear run. Personally I am hopeful that Bitcoin will bounce back because I want to believe that bull run is not yet over, that is why I am eager to hear a good news that will be the fundamental to skyrocket price to an enviable ATH.
Big fall indeed, this is not in any way the first of its kind, by now we should have get used to it, except for those that are newbies and don't know how the market can suddenly behave in this manner.
Whenever the market plummet in this manner, then you see the way FOMO fills everywhere on the internet about cryptocurrency and you begin to hear many speculations about bitcoin, which some could be true and some could be misleading, also, times like this is what some use to attack the market and discourage others about bitcoin, we have to be careful.
I will choose to quote this here:
Regardless of how the economy impacts Bitcoins price, whether through fluctuations or persistent dips, the ultimate goal remains the same, stay focused on accumulation and shut the fuck up.
Even the kitchen is not safe . But the heat should be the reason to buy more. If theres no leftover cash, then we find a way to create it. The next move will be even more massive. While we only risk what we can afford to lose, its also about consciously setting aside an amount worth risking because repeatedly, the rewards have been surprising.
Absolutely not the first time we see a pull back like this and certainly wont be
the last either. This is a traders dream I imagine - especially for experienced
ones who would have seen this coming.
This is also potentially a "Buy the Dip" opportunity, so its not all negative.
Its funny too how quick we get used to the market price, go back a few months
and we were anticipating the market moving to $100k, now we are used to ~$118k!
This is nothing strange, it is what it is and we have been waiting for a time like this. Bitcoin dips is an important event in the Bitcoin market that we can't do without and we need it because the goal is also take advantage when the price of bitcoin is falls low. So even if the price of bitcoin fall low than what it is right now, it is a welcome development to take opportunity to buy more.
Those who understands bitcoin are not worried about the fall of price of bitcoin because it is part of bitcoin and we are used to it. I don't know if the price of bitcoin will be dumping for a longtime but if it does it means we should be expecting to have more increase as well too.
Yes, I'm a long-term Bitcoin holder. So, whatever happens with Bitcoin's decline won't affect me, and instead gives me an opportunity to buy, as this is the best discount opportunity, as the price will eventually recover.
And I hope long-term Bitcoin holders, regardless of their strategy, won't be affected or worried by this decline and should instead use this moment wisely to accumulate.
There is no reason to be surprised seeing that Bitcoin showed a new milestone with a new all time high in this August this year, having it in mind that past events is never a guarantee of future occurrence, some time I question my self Why people keep worrying about Bitcoin whenever it dips, there is no way that Bitcoin will continually be in up trends, market fluctuation is certain and that is what brings about the interesting part of Bitcoin that kept bringing in new investors, indeed it is advantageous to buy Bitcoin with the current market price such that even when it dip further there is much possibilities it will rise up even more stronger with another new all time high.
Of course, we know how the market works; ups and downs are a continuous cycle. Reaching $124,000 as a high, but not for as long as the previous high, is good enough for me to wait for a new ATH, which is uncertain when it will occur.
After the price chart showed the price at $108.6k, despite previously reaching $112.6k and currently at $110k, this indicates that the uptrend is starting to falter, and the situation seems to suggest that Bitcoin will soon take a break. If something happens (positive news) that doesn't impact the price increase, the bull run will end.