Quote from: traderethereum on May 21, 2021, 12:10:27 PM

Quote from: Japinat on May 19, 2021, 01:28:24 PM

The biggest dump this year is happening right now, witnessed it and still believe that bitcoin will bounce back.
While we are hoping for bitcoin to reach $100k, how do you feel that bitcoin is going down to $20k anytime soon?

And when bitcoin dump that low, expect that altcoins will also dump even double the price dump of bitcoin.

I do not have any feeling about that, but if bitcoin is going down to $20k soon, I will buy bitcoin because that will be the best time to buy bitcoin.
The altcoin may follow bitcoin to go down, but I doubt that altcoin will follow bitcoin movements because I am sure that some altcoins can still survive and even some of that altcoin will increase.
If you check on the market when the bitcoin price is down, some altcoin is not down instead still at the current price, but once bitcoin moves to the high price, those altcoins start to increase for small moves.
It seems, bitcoin price will go down again but I am not sure about that and it needs more research and analysis to find if that will really down or not.

some institutions still support the market price moving downwards, it is because they expect to get it at a low price, there is a possibility that the bearishness will continue before their bait is netted at the lowest point, and I am sure after that the bounce back bullish signal will appear again