It's not dump maybe we could call it market correction looking from the last ATH is still on buying position. Presently now is at +23k so I don't think we may see 17k this month again maybe from next month but which I can't say with any assurance concerning the price. It's very hard to detect what may come of next in the entire cryptocurrency market.
Calm down, bitcoin is not doing anything strange or unexpected.
A large part of every bitcoin move is stock traders rushing in by looking at the FED predictions, CPI and all other global factors. They bought some because the FED was looking to slow down their rate hikes and now Biden came to Ukraine and promised help and Putin threatened with their continuation of nuclear tests, so the war is going to continue, nobody is looking to stop. That's bad for the markets because war means inflation. US stocks were falling for the last 2 days and bitcoin is reacting to this.
I haven't said anything wrong but if you read very carefully you would understand what I meant, just take a good look at the market today you will understand that the market is not stable in anyway, I don't expect the market to go more dipper looking from the previous ATH you will know is pretty cool time for one to venture into it. Please carefully read my comments.
What's there to look at right now? Are you saying that a move from 23 to 22 000 is something important to look at? 5% moves are nothing for bitcoin one day its 10% up another day 5% down.
You're right, there's nothing wrong with making predictions. I told you to calm down because I saw you mention 17000, which I think is such a low number that talking about it after a breakout above 20k is far fetched. When I see people who say that it can be 17000 next month I feel like they're panicking.
So you expect we could go to 17 but not lower than the established bottom of 15? IMO that's still a bearish prediction and I'm bullish.