If you could go there to the speculations board to see how people were giving their own various opinions about bitcoin market sentiment for the next coming months and how there's a very vital achievement investing now on bitcoin that it's dip, such period like this could doubtlessly renders us opportunity for the investment we made before the market begins to rise back as always expected, very soon i know that we are getting closer to $68,000 before we landed at another all time high after halving next year, this will make us to understand more that we are still on dip till this present moment.
The bitcoin was at the fourth quarter of this year,So the bull run is all the time during the fourth quarter of the year.The reason is the traders will bag full of assets from the entire year savings.The targeted price of bitcoin in the next bitcoin halves is 68k dollars in 2024.The panic selling should be avoided till the next year first quarter.Most of the experienced people words is the price back to the 68k before the end of first quarter of 2024.So long term holder should hold few months for good profit.
Every dip has it own profit, their is no dip without a profit. Bitcoin can't be predicted and no one can tell when the bottom can come, sometimes it can be risky to wait for the bottom hit and miss the opportunity of buying during the dips. People think it is only when bitcoin is bought in the bottom that is only time when profit can be made, profit can also be made from the regular dip in the market not just from the bottom alone. The bottom shouldn't be an opportunity to be missed, but waiting for the bottom to invest and neglecting the dips is not the best.
Some people use the dip on the same day to do the day trading.Because the day traders will earn money in both the bull and bear run.The day traders will do the trading as the full time job.So they buy at the bear market in a same day and sell at minor profit in a same day.When the trade was started at the low price,the profit from the trade will be more then expected.