Quote from: TheUltraElite on Today at 06:57:59 AM

Quote from: Greatest2020 on November 13, 2021, 02:08:19 PM

Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.

Currently the price has gone back down to 56k USD. The thread was made before this so, somewhat my prediction that a dump will happen soon turned out correct but I was not expecting this much dump to happen, maybe up to 60k was expected.

I don't even believe that this sudden dump will last longer, it seems to me refueling the tank to become skyrocketing again.
Many holders were expecting this dump right after a massive pump and that is a short correction that is often happening in a world of crypto especially in bitcoin price. But the problem here is that the dump will be prolonged because of the panic sellers, they will take action that pumped too much in the market.

If you know how the market will work it usually recovers very soon and I think this is the start to make another ATH again.