Post
Topic
Board Speculation
Re: why Bitcoin sudden dump, when it will bounce again...
by
pooya87
on 17/07/2019, 06:22:06 UTC
Bitcoin facing another bear market suddenly...what would be the bottom price of btc, Is there is any technical analysis to find?
drop is not equal to bear market. drop can be anything from a simple correction to panic sell and even bear traps. this here looks more like a bear trap to me since the market trend is still pretty bullish.
as for TA, it doesn't really work for bitcoin specially on this types of actions in short term.

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Due to this btc dump is there is any possibilities to see hyip in Alt coins.
no, because every time bitcoin price drops, altcoins follow it even harder down. and as you can see in the market majority of altcoins are being slaughtered right now.
the "hype" in altcoins that you are looking for only comes when bitcoin price stabilizes.

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Is bitcoin bounce again?
why not! do you see anything changed in bitcoin to suggest the adoption has stopped?