Bitcoin dips to $52,000

[jJjburton]

I thought bitcoin does this every year, since its been around. It drops during summer dramatically, then by febuary its the highest it ever is. Each year it has done this.

 

[Big_paul]

I'm back in at 20k.

 

[Millard]

Just set auto buy and sell orders on Elon's tweets now SMFH.

Bitcoin drops ~7%


View: https://twitter.com/elonmusk/status/1400645833150840835

 

[dokdonia]

Elon just hastens the incoming MA/EMA Death Cross, which historically has been followed by even deeper downside.

 

[dokdonia]

I'm back in at 20k.

You may get your wish if this movement pattern validates.

 

[dokdonia]

Let's welcome El Salvador to the chat on the first day of their official adoption of btc being a legal tender and an official currency by crashing it. Total coincidence.

 

[Monkipalo]

I was going to sell last night, i hope it goes up again, I dont have too much hope

 

[dokdonia]

I was going to sell last night, i hope it goes up again, I dont have too much hope

I hear you. The price hasn't been this low in like............ 7 days lol. High probability it will go back up even if it dips to the 42k level. Look at it this way, outside of pump and dump shit coins and scams, the biggest money in crypto is made out of these downturns. And it could be worse. You could of bought into an alt coin that got absolutely rekt, with unknown recovery.

 

[Night_Owl]

You could of bought into an alt coin that got absolutely rekt, with unknown recovery.

And that would be me!

 

[Aftermath9716]

I'm sticking with BTC BCH ETH LTC Monero and some Defi ones. BTC ETH and Defi I believe will be the big ones. Still got some cardano, ripple, ehh think something else but not much as the big ones.

 

[dokdonia]

I hear you. The price hasn't been this low in like............ 7 days lol. High probability it will go back up even if it dips to the 42k level. Look at it this way, outside of pump and dump shit coins and scams, the biggest money in crypto is made out of these downturns. And it could be worse. You could of bought into an alt coin that got absolutely rekt, with unknown recovery.

patience......... many in crypto twitter like to whip out this predictive model during good times and even during bad times as hopium/copium. The current sentiment now is $100K is by Jan. We shall see.