Crazy week for traders

This week kicked off with a surprise for BTC fans. A lot of folks were hoping to see the price hit 118k, but instead we got hit with a massive drop that totally caught me off guard on Monday morning. Last week’s news wasn’t great for BTC, and it seemed like the market was just waiting for it to take its toll. So, what do you all think? Are we looking at a new all-time high or is the price gonna fall below 90k?

One thing I know is that no body knows the next minute in bitcoin so we can not tell if it will go up or down. People can make their guess or speculation. But it may go that way or another way that's why people were disappointed with the turnout this week. What I believe is that we have not seen it all bitcoin can still do better. I can do all the expectations for months in days so I'm not even bothered.

I'm among those shocked by the drop in price, although I'm not a trader but I had projected price to be set for $120k. This is just to confirm that we should plan for all possibilities as no one can accurately predict where price will be at everything. All the same, nothing has spoilt as we have is just another opportunity to buy more at lower price.

So far as Bitcoin is concerned no one is certain about the next move of Bitcoin, Bitcoin still remain a volatile asset that can not be predicted but the market will. Well I hope for Bitcoin to creat new ATH by the end of this year since we are almost at the Q4 of this year. Iwe have wished Bitcoin to hit $150k to $200k by this year's end but as market may have it, Bitcoin ist staggering around $112k to $118k but however we can't give up hope because  the upcoming price of Bitcoin is certainly good, since Bitcoin is a volatile asset. all we need do now is to accumulate more now than always anticipating on Bitcoin price. The future of Bitcoin is bright even if Bitcoin didn't meet our target but by this year end, but greater days ahead. Just buy and HODL.

Yeah it was a crazy week. The amount that ETH dumped was crazy. I couldn't believe it touched $4K so quickly. I think we had the most liquidations in the past year. Basically ever since the fed cut announcement it has been dumping while stocks keep hitting new highs. Very had to say what will happen. I think Oct/Nov will be a bullish month and if we rally hard we might top sometime then. Hopefully we didnt top a few months back. Because it fits the same cycle narrative. We bitcoin tops, then ethereum and then altcoins, which seems to be the case here.

We may not reach an all-time high this month, given the current market decline, but this is simply a healthy correction after the rally at the beginning of the month. The market could likely recover in early October, driven by inflows from institutions and investors who are starting to buy back. The market will only bounce back if there's a strong enough positive catalyst, and I'm confident it won't fall below $90k USD.

Oh, you're probably new, it could have been worse if there was more fuel to the fire like some hacks or some bankruptcy. I think it's natural for Bitcoin to retrace because it's known for being too volatile and more if we're talking to alts. I think I'm bullish for q4 and probably may break that ATH but I'm skeptical that it may reach $150k or $200k. I wouldn't be greedy to see those levels yet.

A big drop this week? According to weekly data from coinmarketcap, bitcoin only dropped 2%, so you don't need to be overly surprised. This is a normal decline. Since traders often trade altcoins, when BTC declines, it's more likely that traders will be liquidated due to the decline this week. Yes, a new ATH is predicted, but wait until the end of this year—a decline to $90K is possible, but for me, this is pessimistic.

You must understand that speculations is just astonishing and sentimental moments between enthusiasts, skeptics and the critics in the bitcoin market.  We all including professional analysts make guess of discussion in the markets events. This is called speculations because non of the predictions can be guaranteed. So we only act out of psychological sentiments. Don't also be carried away with the FOMC news last week that it was aimed to influence the market price.  A lot has been expected and actualized usually at the unpredictable time-frames.

Below 90k is impossible. See the price action and you'd find out that bitcoin could be very well recovering back to before dump because it looks that way and chart forming cup and handle. All time high will be here and it's just matters of time. Maybe we will see something good at the Q4 of this year, who knows right? but historically it could be a really good last quarter of the year.

If I remember correctly, there was no price increase at the beginning of the month. The market has been in a correction phase since mid August until now, after bitcoin hit an ATH of $124k on August 13. But this is considered a healthy correction as historically August and September are not good months for bitcoin, and there hasn't been any major negative news in the past few days. But when the market recovers, it depends. We cannot be sure that October will be the month of recovery and growth. As far as I know, October will have a lot of important economic events and one of them is about CPI and Fed rate cut. Therefore, in addition to the flow of money from ETFs and institutions, we need to pay attention to economic events, especially interest rate cuts. I believe that is the main factor driving the market for the rest of the year.

Most times, news don't immediately affect price. It has to take a few more days for the market to internalize what just happened and then know what direction to take the reaction from. Just the same way that negative news you referred to took some days before showing its ugly hand, it's the same way the US rate cut news will react one day and push price higher. It's looking like nothing is happening now after that news was released as price continues to struggle in a range. As for $90k speculation, nah! I don't think price will get to that level. I believe it will continue to stay above $100k. If it gets that bad that it dips, maybe it dangles between $100k and upper region of $90k. But I don't see it going down to $90k.

Has there been any week without been on a suspense about the way the market performs, maybe we often forget how volatile bitcoin has been lately, or let me say since the start of this year and season as well with bullrun, but now as it goes, i also sensed that there is a consistent shock in the market pattern on how it reacts at every stages, if we closely look at the rise and falling pattern, we should be able to bring out some features that has contributed to this same experience and we are more likely to continue with this same pattern for now.

So it will be a “shocking week” just for retarded traders who only know how to make money on the upside. He probably calls himself a “trader” because he likes to deposit $50 and sell when it turns into $60. Hence the “shocking” week. His $50 has turned into $46, so he's devastated.

Just be patient if this week does not have a good move. This current situation pushes the price to go down and we need to be cautious because the price can go down below $110k. Although we can still expect to see a jump in Bitcoin price, we need to wait and see. No one will know what will happen after this week so we need to be careful and prepare for anything that can happen. If you want to still accumulate Bitcoin without interfering to the market movement, you should not monitor the market too often because that can affect your mind and may cause panic. So it is better for you to calm down to think about what you can do.

It's not impossible, and it could happen. This is likely because many investors are awaiting government policies regarding macroeconomic data. Constantly releasing it does require us to update, but whatever the data, they need it to decide whether to move forward or wait and see. As ordinary people, we aren't major market players; we just monitor it, nothing more. If  drops you make the accumulation, if it's good, sell some if we want a short-term strategy. However, my advice is that this is a testing period, and it's possible that BTC will prepare to rise to a new all-time high in mid-October to December.

This market is not predictable, that's the thing we are supposed to know, you might get up tomorrow and see the price in another level of price, both the downfall of Bitcoin and rising of bitcoin, these can happen at any time so we should know that bitcoin price is not something we can predict accurately Sometimes the price fluctuate in the market, so it is very obvious that nobody Knows When the price is going up and when the price is going down so bitcoin can get increase at any time because of the quantity demand and quantity supply at a moment that can Skyrocket the price and also reduce the price of Bitcoin at moment

I was also expecting a higher push given all the optimism last week but Bitcoin has a way of humbling everyone at the exact moment of confidence. If it dips to 90k(which I think it's very unlikely to), I wouldn’t see it as doom but like a healthy pullback. The fundamentals are still strong. Adoption is growing, institutions are not backing out and the halving effect is still playing in the background. It might just be a patience game before a fresh ATH comes.

So because you dont specify a time frame I can answer that we will definitely get an ATH it could be 2025 or it could be 2028! Heading below $90 is also very possible for this month considering that historically September is a predominantly RED month for the Bitcoin market, its down again today and currently $109k Highly unlikely given that there are only 5 days left in September and currently the market is heading in the opposite direction for an ATH

Bitcoin's price had actually reached $118,000, and I didn't even understand why it suddenly dropped to $109,000. It's truly shocking. Bitcoin has been closing with bears at the end of the month for the past few months. I believe it will do better in the coming months. I always think these are price adjustments designed to wear down and exhaust investors. I look at the price, but the truth is, I'm not affected by it. Buying Bitcoin, regardless of the price, is my personal duty.