Bitcoin price drop since early November

At the start of November, Bitcoin was trading between $110k and $112k, but then it began to dip. Our predictions back then showed that instead of rising, Bitcoin started falling, and with the current trend, it doesn't seem like we'll see those highs again this month. Right now, Bitcoin has taken a hit, dropping down to $82,000. This is a clear sign of market decline and uncertainty. Looking at where things stand, I think we could see even more drops this November, possibly down to $70k. If we hit that mark, it’ll definitely signal a bear market, which seemed likely since early November when the price started sliding down. Given how things are dropping, do you think we could bounce back to previous levels or are we heading towards my forecast?

If we are to compare last month top this month, we can even see more better that the market was still far better in October than November, but i don't want to believe this is how the market may end the month, maybe there should be more to expect or possible stayed positioned for December which is the last month of the year for the market pump, it also surprised me at the early hour of today as i see the market at $81,000 bearish fall and now back at $84,000.

If we look at the current price and how big is the downturn since last month, https://www.coinglass.com/today And it looks like we are already in the bearish season as compare it to the last bull run of 2021. So yeah, there is a big possibility that in the coming weeks and next month, the price will continue to decline. Now, it's just a matter of perspective, do you guys have taken profits or yet waiting for the price to hit $150k? What if that price is not going to be met? Are you going to exit with a loss (doesn't make sense), or just continue to accumulate (much better option).

Bitcoin has been declining since this month and it looks like this a bear market that might stay for a while before we starts seeing a push in price. Most of the those ETF companies are selling all their Bitcoin, dumping the market to look for a better time for them to reinvest in the price of Bitcoin. Just as Bitcoin is dumping, we are seeing the same with Ethereum and this is becoming the biggest fall in a single month without a known trigger. There is nothing that can be done about what is happening in the market, we have to get to the end of this bearing dip.

The recent decline has caused some people to panic and may be quite impactful for those unable to remain calm in such conditions. I also predict that Bitcoin will continue its decline, given the lack of positive news that could push the price upwards, and the trend may remain downward until December and I tend to see a downward trend rather than a previous increase in price, but this is my assumption and could be wrong. If Bitcoin ultimately falls again to $70,000, this will be the momentum for some to accumulate heavily after maximizing profits from the previous rally. Momentum like this is also rare, so those who are able to remain calm and not panic will be quite profitable because this is the kind of condition that Bitcoin investors have been waiting for.

Bitcoin is currently 34% down from the Ath from $126,000, so if you think your portfolio is depreciating only when realized the effect declines from $110,000 to the $82,000, then I bet you don't even realize it has lost more values than you are grieved of in the very short time. And it is currently trading the range of $81,000. So I think if we have to continue keeping this market track with a short term goal, we might be hurting ourselves It is also not hopeless that price will not come up again because we are not sure if we are now in the bear or still in the bull.

It is true that the price of Bitcoin has been showing signs of decline since the beginning of this November, but you also have to accept that we are heading towards a bear market. Therefore, it is natural that the price of Bitcoin will be dumping when it reaches the next new cycle, because we can call it a bear market to create this current situation. The possibility of the price of Bitcoin improving in this current situation is very low, but it is most important for us to be patient at this time. Because only patience will help us reach the next bull run season in 2028, and we definitely have enough opportunities to collect more Bitcoin until we reach the next bull market. So at this time, we are creating an opportunity to increase our holdings by buying Bitcoin and holding it for a long time.

You forgot to put “breaking news” in the title. Lol. He puts it in exclamation marks as if we hadn't noticed. Yes, I think that's the most likely scenario. Some people are saying that when liquidity returns, prices will rise, but I don't think we can expect a bull market because of that. Besides, it will be a while before liquidity returns, and there's no guarantee that most of it won't go to other assets.

Most people do not know a correction from a bear. So Ath of 126k on Oct 6 And under 100.8k On Nov 13th  day 1 of correction Today 84k Nov 21 day 9 of correction. A bear needs 60 days. So we can't go bear til Jan 12. But if we stay under 100.8k from now til Jan 2 most all will scream bear endlessly. In many ways I can see more sell offs by USA investors.  They can make a cap gains loss on the BTC on purpose for 2025 and sell a few winning stocks with a cap gains win. Thus avoiding taxes to the feds. My guess is we suck the rest of the year and go up in January.  And whether  we stay under 100.8k 50 ot 55 or 60 days it will feel bear. I thought we would hit under 80k I now think 69k is possible in late December. With turn around in Jan happening.

I'm surprised to see Bitcoin decline this much in November when most of us were expecting the peak of this market cycle, it simply shows that a lot have change with the market such as we probably shifting from the predictable market cycle to something different. This is not surprising since there is so much interest in Bitcoin now from governments and big organization. What we can only do is to adapt to the market as it is.

The fall from $126k to $82k is definitely heavy and for those who entered the market at the top it feels devastating but that’s part of how bitcoin behaves after every euphoric rally there’s always a sharp correction to remind everyone that this market isn’t one way up if we look back at history this kind of drop is nothing new corrections between 30 to 40% have happened multiple times even during strong bull runs. The current decline shows how volatile bitcoin still is and how quickly sentiment can shift from greed to fear within weeks what most people forget is that the market moves in cycles and these dips are often where the foundations for the next run are built right now it’s hard to say whether this marks the start of a bear market or just a deep mid cycle correction but in either case panicking or making impulsive decisions will only hurt more. The smarter move in moments like this is to reassess your time frame if your focus is short term you’ll always feel the pain of every fall but if your view is long term this is just another temporary phase that will eventually pass bitcoin has proven through every major drop that patience pays off what matters most is staying disciplined understanding your strategy and being ready to act calmly whether that means accumulating more or simply holding your ground.

It doesn’t look good for bitcoin in the short term but that doesn’t mean btc won’t recover again. In the long term it always did and it will recover again. It is you should always keep some dry juice around. 10-30% of total portfolio allocated to FIAT doesn’t sound too bad imo. You can always fiddle with the numbers according to your taste. Some people prefer less FIAT, some prefer more but I know one thing for sure, more or less you should have a FIAT position because you’ll never know when a big crash is going to happen and trust me, when the crash happens, you’ll be grateful to have some dry powder. Most people you see crying during crashes are crying because they don’t have enough money to add to their positions. They don’t cry because they are losing money. As long as you don’t see at the bottom, you can’t lose.

This drop was completely unexpected. It is normal for the Bitcoin market to not move as we expect. I thought November would be a positive month for Bitcoin, but with such a big drop, there is no way to say that. November is breaking all the walls and going down, I am not sure yet if it will stay at $81k. It may go lower or reach a higher level. November is almost over, I do not expect any major movement for Bitcoin this month. Maybe in December or next year the market will go higher than expected. We may not be in the deep end for a long time.

Accumulation remains the best option at the current state of the market, as our investment purpose is long term, not short term, in Bitcoin. I doubt $150k will be achievable this year, maybe sometime in the years to come. By then we will be hopeful to see $150k price tag and a higher price than that. However, in 2021, when Bitcoin saw a new ATH of Bitcoin $68,789. Many investors invested at that price, and they thought the Bitcoin price increase wouldn't stop there for that year, but it did. It was in 2024 Bitcoin had increased more than its previous ATH of 2021, giving different ATH till we had it at $126k this year.

Exactly. Consider this decline something we've been waiting for, consider it an opportunity to expand assets, and let the weak hands fall victim to market uncertainty. I'm not judging, but there are still investors disappointed by the current market conditions and forgetting Bitcoin history. Bear markets always exist, but Bitcoin can return to its all-time high. That's a fact. I assume that by the end of this month, the market will be filled with price disappointment, and perhaps entering the new year there will be improvements and we will start targeting $150,000.

The possibility that Bitcoin's price will drop further this month is quite high, considering how weak market sentiment is, and most investors are still hesitant to enter the market. This increases selling pressure and directly impacts the Bitcoin price. It's possible we could see Bitcoin's price reach $70k in the coming months, given these conditions. However, the Bitcoin market tends to be volatile and difficult to predict, so our predictions of a further drop may not materialize. Instead, the market could rebound, and investor sentiment could change rapidly. Many things could happen. What's certain is that the market is currently trending in a potentially unfavorable direction, so always pay attention to risk management and only invest if you're fully prepared.

There is no other way but to buy during the downturn but if you overestimate the market reaction, it can make you think while the market is always unpredictable how bullish it will be or even go down deeper. Constantly looking at the market will make us a burden and the mind becomes unfocused. As for $150,000, it is still difficult in the near future unless there is a surge of news which makes the market evaporate upwards, while after the new year whether it is really bearish or bullish, no one knows.

We still have 1 month left this year. And I think it will be the UPcember!!!! The monthly candle seems really fcked up! But I believe, after this, just like previous months, there will be a bounce (so far this year). This November's monthly candle could be the worst candle of this year if we close below $100,000.

The market has definitely been shaky since early November but I think people should be careful with expecting a straight-line fall. Bitcoin rarely moves exactly according to short-term predictions. It can drop sharply and still recover just as fast once sentiment shifts. To me, the bigger picture hasn’t changed, BTC is still in a long-term uptrend. Corrections like this especially after a big run to $126k are normal and even healthy. If it breaks $82k decisively and slides toward the mid-70s, then we can start talking about a proper bearish phase. But until then, I’m treating this as volatility not a confirmed trend reversal.

Anyone who has followed Bitcoin for years would know that what we are experiencing now is not new and that over the years, bitcoin has already been known to always recover. At this point, it doesn't matter to me anymore if bitcoin hits 150k this year. While we watch how this year will end, it will only be wise for investors to take advantage of this opportunity to accumulate bitcoins just as both of you have already suggested. Patience is just what we investors need to remain profitable on this space. The fact that bitcoin will recover is something that cannot be disputed, but what we do not know for now is when exactly it is going to happen.