Topic: Is it time to buy the dip in Bitcoin as it drops to $64,000? (Read 817 times)

You can wait forever and never be able to decide, markets are tricky and the closer you look the more elusive the picture is to decide on.   For the moment the trend is down and when its beaten the trend then the price will be higher, its confusing to buy at a higher price and be happier about it over just buying now.  Thats the strategy of quite a few hence we do rip higher when BTC seems to be positive, alot of people jump on board at that point.

Long term BTC is ok, 2024 has been a positive year.  If its pulling back now its just people late to selling, any move up some expect the gains to never end.    We just spent many months running on the spot, people get tired of it and wanting to cash in the dollars go spend it rather then wait is normal process.   I know theres bigger news, dramatic stuff but mostly I put it down to human nature and patience.

Bitcoin is here to stay. So lucky to accumulate few gigantic pieces of the coin, but it comes with different motives. You do follow these online bloggers tweeting about Bitcoin and the immense price when it comes to volatility of the market. It's very wrong and inappropriate persuade anyone to invest. Buying or waiting longer? The decision  belongs you and you're the only one that sits in the picture.

After they get information that they can trust, of course it would be better for them to continue deciding to buy it or wait for a decline because if they just keep asking questions and don't take any action as you said, they could miss the opportunity to make a profit from holding Bitcoin and indeed it would be very good if we buy it according to our ability and can hold it for a long period of time to be able to make a profit from holding the number of Bitcoins that we have, yes by using the DCA method of course this will be able to help us in collecting Bitcoins and we We can determine our own purchasing schedule according to what we want and of course do it consistently.

That's what I wanted to say. It is highly likely that long-term investors will find themselves in a good profit a year from now. But they must be strong and not sell their BTC when in the nearest future the price drops even further down. They should hodl and wait to see what happens in 2025.

As for the short-term trading, you can make good money with it these days if you are smart, because BTC is bouncing back and forth a lot, and taking like 5% profits from your investment once per week looks pretty achievable.

Exactly, that's why one need to have good principles. In anything we do especially when it comes to investing or trading it any related money generating stuff. Because most time alot  people don't usually apply principles in anything they do , like for example some people will read about how to manage risk and stuff in their trading or investment. But at the end they will do the opposite thing and they will endup losing .

For example, you will some people going into trading , they will miss some nice entry , for them to move on and wait for another nice opportunity they will jump into because fomo , and they will literally endup getting themselves rekt most time .

Worries about potential price drops can be minimized with a DCA strategy, so I don't think long-term investors have much to worry about. In fact, prices can still rise by 3% to 6% in 24 hours, while prices can also fall back to previous levels. Long-term investors tend to have to ignore short-term volatility and focus on their long-term plans, so buying now may be a sensible decision for them.

Short-term trading tends to be risky because the market is very volatile. Of course the market can react quickly even just because of wild FUD, but traders must be able to implement strategies to avoid losses, including stop losses. Whatever it is, the market can still provide traders with returns, but whether they are low or high depends on their budget and strategy as well.

Be greedy when others are fearful, be fearful when others are greedy. This is something a very common line when it comes to investment on which it would really be that something relevant if we do speak
on this field.Although it might really that sound so simple or basic but doing the thing would really be not something that everyone could easily pull off. Why? because we would really be that scared on doing so or having that hindrance on the moment that we are seeing that the market is really that making up some decline. This is why tons of people who do miss out on making those bottom entry just because they arent that taking up the risks or simply cant be able to bare it out.When there's a drop then it wont really be shocking that people would really be that trying out to catch the bottom or trying out to maximize on which it would really be that trying to wait up for long and ending up on missing opportunities.

Every step you would really be making would really be having that corresponding risks and if you wont really be that good when it comes that manner then it would really be
that challenging on making yourself to deal up with this market and this is you should really be that careful on taking up next steps.

I'll go out on a limb and say the recovery thus far is not strong enough.   It is reasonable to buy a dip at times if the price just takes a rest during a potential set of gains but so far thats not appearing to be the case.

You might want to take the high risk trade idea and buy with a stop loss if we lose the low of today for example.   However a quick look leads me to believe that would be cutting it too fine, you may need to say a buy now is ok if I risk losing the margin down to 62k .  That is still a relatively slim tricky path for BTC to take but possibly we fight our way upwards.

I presume there is further challenging BTC price action that puts BTC back into the orbit of the 200 day average or similar pricing.  Thats not too far off from here but if the idea is to  buy into a move upwards, you would have to watch BTC fall to 58k in that scenario ie. the dip might be bigger then imagined and reference larger time frames involving all of 2024 prices not just the immediate focus.

There are some investors who do their research on the ups and downs of Bitcoin price but if they can stay in one position then they can definitely get more profit from Bitcoin. When it comes to investing in bitcoins if one has sufficient amount of money then he can invest anytime but DCA is better for those who do not have the opportunity to invest beyond the specified amount of money. Bitcoin will go from bullish to bearish and from bearish to bullish again. And those who are able to hold their positions during this bearish period will benefit the most from Bitcoin.

No problem wit being aggressive as long as you have sufficient amount of funds ready to buy, but if you are having a tight budget, then buying even a small amount marks a good start, just follow DCA regularly regardless its amount. Bitcoin price is really impressive at the moment, lucky are those who came to prepare for this and now they can maximize their accumulation of bitcoin, and increase their potential profits in the future.

People with knowledge about the market and trading practices wouldn't worry about the price and will buy if they want to as long as they are planning to buy and hold for the long term. They would know how they will need to buy to avoid incurring a lot of losses even if the price goes down from where they start buying.

Applying the DCA method is the way to go for investors who are willing to buy for the long term and don't want to wait because if you wait, and the market goes up further, that is going to be costly for you, but if you start buying at the current price, if it goes up, you will have profits, and if it goes down, you can buy more if you are using the DCA method for your purchases.

That is how it should be done.

Don't just rely on the greed and fear index, if you check the trading volume of bitcoin or any altcoin, you will see very low trading volume. That really makes me doubt many people are buying as they say, I have a feeling more people are scared than excited to see the price of bitcoin drop more.

We can't tell if bitcoin will continue to fall or rise from here but buying at current prices will give us better returns than those who bought bitcoin for 65k$-70k$. But the important thing is how many people dare to buy, or will they wait for it to decrease further and only buy if it drops to 56k-58k? And that will keep repeating until bitcoin suddenly increases in price and they start buying at a higher price.

I really want to know if OP bought or is still waiting for bitcoin to drop further.

Maybe now is the time for you to buy bitcoin because bitcoin has now experienced a decline, and the current price is $60k. However, what you need to know is that everyone can analyze and predict Bitcoin, including bloggers, maybe YouTubers and many others. But that doesn't mean you have to believe it because no one can predict the price of Bitcoin with certainty. If you have money, you should immediately buy bitcoin, don't wait for bitcoin to go down because that will make you regret it later when the bull run occurs.

Especially if you intend to invest in bitcoin in the long term, of course at this time it is still very feasible to buy bitcoin, and you also have to do your own research and look at the history of bitcoin's rise so that you don't invest in doubt. We have just passed the halving period which means Bitcoin will experience an increase after the halving, we just need to be patient waiting for the bull run time to arrive. Because it is better to buy bitcoin before it rises rather than waiting for a decline that we cannot predict.

Yes, the logical thing that everyone talks in the finance is "be greedy when others are fearful, and be fearful when others are greedy". Which means that we are not that far from it, last month it was higher in price and it was greedy in the index, meaning we should have sold, and this month it dropped, meaning we could have bought more bitcoins if we sold last month, and if we buy right now when it is greedy, that means it is going to go back up and we are going to profit a lot from it for sure.

The only thing we need right now is to keep it going and keep buying. If we can do that, then we are going to end up with a greater profit, we should definitely just use this index to see what people are thinking and how the market looks.

Whoever that blogger you're following and able to read his analysis, then he's right and Bitcoin fell and reached the price that he's mentioned. Now, if you're waiting for that dip and want to buy then you should have bought already while it is staying on $61k.

I'd agree but the problem is always about when someone wants to buy but then, it cannot be because the timing is imperfect and no money can be used for that. But to those that can, you're right about it that they need to be aggressively buying.

Love the term "aggressive", LOL, but yes why not? Specially if you have tons of money right now, you can obviously buy a lot as we dip further to $61,000 and still we are in that price. We've been in the bullish state because there are so many positive news specially the approval of Bitcoin Spot ETF. But since after that, it looks like the news has faded already but still though we are already in the bull run.

Just a matter of time because the bulls again take over the market, and I will say that this is just normal movement post halving as historically, June is not a good year after a halving as it seems that we are resting. But it's highly likely that we will resume this bullish momentum before the end of this year.

This is the time to get aggressive in buying the dip because bitcoin price still down for now . And I know that most people will be wondering why  has the bull run haven't occurs yet . Well it may not occurs now but I believe that since last year Bitcoin has been in a bullish movement. But I believe there's still juice for it to rise more , so that's why is advisable to keep holding and accumulating at same time , because I believe that everyday new folks are getting into bitcoin so now am sure most haven't gotten themselves some good Stashes yet so , this is the time to coverup some of those gabs , even I am still making use of this opportunity to purchase More , like recently bitcoin dip below $60k . While some are at there panicking, some folks are taken the dip to their advantage.

So like to wonder when they should buy if they continue to ask often without taking any action they continue to be left behind, sometimes seeing from two sides of the news alone can shake their minds to buy.

Exactly what you said buy when you are able and even better when the decline then there is no other way if they continue to wait they will not get bitcoin until the end because they continue to wait for prices that are difficult to predict correctly.

If it is more difficult then do the DCA strategy isn't this easier to understand for some investors? They buy bitcoin is definitely a long-term goal.

It is very difficult to find the exact point of buying but there is a way that we can buy as soon for example, if Bitcoin goes from $70K to $60K, then from $61K we should start buying, $62k, $63k, $64k, etc. Similarly, if it falls further down to $50k then we should wait till $55k then we should DCA till $54k, $53k, $51k, etc. The coin we continue to accumulate and if the market starts to go back up from here, the bit-by-bit Bitcoin we buy will lead us to profit because otherwise, it can be very empty-handed and risky to wait.

So, it is better to make portions according to your amount and set DCA according to your amount so that little by little we keep collecting BTC.

It is very difficult for small investors because they don't have enough amount to start doing DCA from very high and with the current volatility of the market no one can say which way the market will go next.

I agree with you that bitcoin's correction in recent days has been insignificant but I don't think people are still calm, especially the newbies. If you check the greed and fear index, you will see that last week it was still at 70 but suddenly dropped to the 30-40 range after bitcoin plummeted to 58k$ a few days ago. And if there is another correction, I think the panic will be stronger and I don't think many people will start buying DIP like they are saying.

In addition, if you pay attention, there have been many theories that the bull season will not come or many people think that the bull season has ended, and the bear season is gradually taking over the market. I feel the market is panicking and gradually losing optimism. But to me, that's a good sign, because it shows us that we are very close to the bottom of this correction and that the market will soon get better in the coming months.

Another funny thing is that even if the price gets to $60,000 people will still be  confuse if buying is the right time for them. Bitcoin price is very unpredicted and you can't tell if the price will fall to the price that you are speculating on, so it will be better to buy when you can afford it especially when you come across a dip not necessarily it is a must to buy at your own favourable price.

 It is very common that people miss opportunity of buy bitcoin at a low price because they feel the price will still come down low. Buy bitcoin when it goes dips and if the price goes dip again then it is another opportunity to still buy again if you can afford it. Their is no lose in buying bitcoin, you just need to understand the market to hodl.

From what we have seen from Bitcoin's movements since the past, I don't think anyone is panicking anymore because what is happening is a normal thing, and the decline that is happening is also not significant, so this is still normal.

For daily traders, this moment of slow decline can actually be a turning point to get more profits. If we look at Bitcoin price movements in the last month, there are always corrections and also increases which are quite worth it, so it is possible to buy now and you will be able to get profits in time. fast with a small percentage.

And for long-term investing, I think for a long time, whatever the price of Bitcoin, it was still worth buying, especially in times of decline like now, there must be a greater desire to collect more.

It's not going to be easy seeing the price going down again, as my expectations or wild guesses was wrong. Support line didn't hold, I haven't check any news though as what could be the reasons again to go back to $60k'ish. But we should be patience and remain mentally strong and not be carried by this down turn.


That is the spirit, we should not be afraid of buying at the current price as per cmc of $60k. Being fearful of the unknown is part of the market and we should accept it. Might be hard in the beginning, but that's what it is. And then as we go along and have that experience under our belt, the results might turn out positive in the long run.

It did test the support line of $61,500, unfortunately it did fail and it drop to $60,500. Still not a bad thing though, for those daily traders, they might have been hurt with the down trend but most likely try to buy more and trade it later.

But for average joe and long term holder, it could be a good idea to buy more again.

So yes, we shouldn't be afraid, and for me, we should face our fears this way, instead of pushing the sell button and panic, we should buy for more.

I do agree with that, we are not that  far away and it could possibly happen. I think it is going to be pretty easy to make calculations based on the future right now because we have dropped a lot, and every time it drops a lot we end up making more money by going up again. I get that it may not be all that easy, but we are going to end up seeing that work one way or another.

The reality is that we shouldn't really be afraid of buying right now, a lot of people end up being fearful about what is going to happen, but that doesn't mean that we are going to end up with something bigger or worse. We should consider how to get better results, and in order for us to do that, we should consider how to get a better result for it.

Don't believe easily on what you have seen and anyone could predict about what possible to happen since maybe he's just guessing then predict that it might go because the market is in bad condition. Maybe he just get that because that is what bitcoin heading at the moment. Always rely on your own analysis since this is more ideal than listening to someone's opinion regarding on possible direction what bitcoin could get.

But still its good for people if they decide to take action on the current dumps happen since if market goes back and there would be a price recovery would happen then those who accumulate while the market is in bad condition would provably earning decent profits when market turns into bullish again.

What a blogger said really happened yesterday and Bitcoin even went below $60K, even though it was only for a short time. And it seems that this blogger is a truly professional person in making price predictions specifically for Bitcoin in the last week so you yourself have certainly made the right decision on this matter. I hope you don't miss out on buying Bitcoin, especially if you got it at a price range of $60K because that is the lowest price I have seen in the last week even though today Bitcoin has again exceeded that price and is at more than $61K.

I think we can go up to $63k up to this week, if the volume somewhat maintain it course. So hopefully for those who are waiting for the price to dip and then buy, have taken the opportunity when we go to $60k.

Right now it's mid $62k already, meaning we have bounce back already, and the usual movement of liquidation and testing the support line again. So the support line is $61,500 which I think we have reach already but it didn't hold but I think in the next couple of hours, we could break them against and try to test resistance of $64k.

If you have steel gauntlets you can catch knives and the sell off yesterday evening was pretty sharp.  Its bounced now at a higher price then May low so maybe its positive who knows.

Price right now is back to a 2 day average and should be beating that if able to stay positive.  The real test in a wider view will we be able to recover 63k which needs to be held and improved on.   As always all this will take time, what we have right now is a plain bounce yet to be proved.

And today exactly made it one week and bitcoin dropped to 60,000 before it retraced back to 61k. Well to me I will say you should do dollars cost average where you would keep accumulating gradually maybe who knows if there would be more dip after seeing this current price since we can't predict how exactly the price would go or be for the moment. Assuming you invested when the price were so high around 64k by now you could had been on a lost of about 5 percentage, and if you waited till today that could have been an increase to your accumulation if the price happened to surge above this level. To me if have about 1k or 10k set aside to buy bitcoin what I would do is to keep accumulating whenever I witnessed price decrease that falls below the previous price level.

I agree, in days like these that are having today, waiting for BTC to go even more down is always a risk. If it's a long-term investment, it's better not to take that risk and buy now, especially today when BTC is around $60k already. We all hope for Bitcoin to go over $200k next year, so, I think even people who bought at $70k recently will be in good profit. But of course, as always with Bitcoin, anything can happen.

It is natural that Bitcoin price will always fluctuate ‍and no one knows when it will be dip and when it will be bullish. However, many Bitcoin investors will fail to keep their emotions during these ups and downs. There are some investors who sell their bitcoins at a loss if there is a slight dip and those investors will suffer the most. And for those who have an idea about the Bitcoin market and believe in Bitcoin, this dip will not create any obstacle. Bitcoin price is currently at 63k but if this price goes below 60k the market will turn again. It is important to remember that those who are Bitcoin investors do not lose anything but they have to wait patiently. The market must be recovered.

You’ve got me there for a second before you said $1 price, and it is quite the same where the OP said a blogger is expecting the bitcoin price falls to $60,000. It is quite funny how these fake analysts claiming to be professional and analyzing anything with nonsense methods and tools they invent, quite more surprising for me is the amount of people they convince and they are really following them, beside buying their useless signals or courses for few hundred bucks.
I use to believe in such things back in time with forex market, some people were like dropping none-stop daily analysis of the same pair or coin, 99% of those analysis are nonsense and wrong, but whenever they get one right, everyone is hyping and thanking them for the great job.

Unfortunately, most new comers to crypto market are fooled by these people, while there is one simple rule in all markets which is the price is unpredictable for short or long term as long as we didn’t receive news or updates about what’s happening in the future. If you believe in bitcoin then there is no right time to buy, just do it!

Nobody can accurately predict what the price of Bitcoin will be in the future, we can only speculate on the short term and it is not a guarantee that it will be correct. Any blogger that is analyzing about what the price of Bitcoin will be at anytime is merely speculating and you shouldn't take what they say to be fact, you can listen to them but make your own decisions. From my research on Bitcoin, it is a long term investment and people who hodl it should not focus on short term price analysis, they should buy, hodl and wait for as long as it will take for price to increase. That is why I think that DCA is the best method to buy Bitcoin, not minding whether the price will dip further because it will rally and skyrocket.

Lol, I immediately got what you wanted to point out, dude, but you made me smile when you said that it's a dude. Nice joke. It's like OP; it's like he's showing that he's easily fooled or only influenced by influencers. I don't know if this OP knows how to analyze a person's beliefs and whether such things also need to be questioned here.

I hope for the OP that he learns to first study what he is watching on YouTube or Facebook to see if what he is watching has any basis or not. Doesn't he know that Bitcoin and other cryptos are volatile? Of course, we are in a correction right now with Bitcoin, so what should be done? Right, even if it's just common sense, we already know what to do in these situations, right?

The summer price drop is coming. That's for sure.
I would wait until July or August. Maybe the Bitcoin price might drop below sixty thousand dollars then. The traders/investors are going on vacation so there's less demand for BTC and less liquidity on the cryptocurrency markets. That's a pretty oversimplified view of the situation, but who cares. I'm still HODLing and waiting for the big bull run in 2025.
Which blogger are you talking about? Why don't you post a link to his analysis? Maybe you shouldn't make your financial decisions based on the "analysis" of other people. Buying BTC is a relatively safe bet. I definitely wouldn't risk my money by buying altcoins or tokens right now.

This should make us not to worry about the dips of Bitcoin because the market will have to dip at some point. When I see beginners just joining the forum get worried about the dip of Bitcoin I wonder if they did not do some research before they joined the forum because it is everywhere that Bitcoin will dip and also recover. Only this year alone, Bitcoin has already dip many times and for all the times it dip, it recovered stronger. Bitcoin has already pass the last bull market highest price and it is going to make new highest price after this dip is over. This dip was needed to cool off the whole rumors that Bitcoin is going to get its highest price for the bull market in 2024. I did my research and it does not happen during the halving year so lets us not be so hopeful because we still have more times to wait.

The problem of listening without knowing the context of the suggestion he might get confuse and misunderstood people suggestion. So if he's aim is to hold for long time since he want to became a bitcoin holder then anytime would be a perfect time to buy.

Asking for buying at the dip meaning that OP may don't have proper confidence on bitcoin or he's totally lack of knowledge about what to do. No one can't predict the future as always say but Bitcoin has a great potential so people should remember that those people who afford to wait just like what other people did from the past will get rewarded. They could able to search how to do that DCA method since its helpful strategy. They should forget about the word waiting for the dip and buy since this might not bring something good to their bitcoin investment.

If they can easily trust the advice of people in investing, of course this will cause them to experience losses in carrying out their investments because it is very unlikely that someone can predict correctly whether prices will decline again or will rise again and choose to maintain investment in for a long period of time this is very appropriate and when the price reaches a new ATH of course we will be able to benefit from holding Bitcoin in the long term, if you can buy Bitcoin using the DCA method then it would be better for you to do it consistently.

OP why do you believe the advice of others? One should not invest on the advice of others in cryptocurrencies. If you want to invest in Bitcoin you can invest anytime. But you must hold the investment for a long time. If you can't hold on to Bitcoin investment for a long time then you may end up with losses instead of profits. Bitcoin price is currently at $64k plus, no one can accurately say whether Bitcoin price will go down or up. So you can invest in DCA method. If you invest in DCA method you can buy bitcoins at average price.

The time is every day if you want the most consistent advice but you should not be going all out to invest especially now.   The positive take on these prices dropping is that you are getting a better price then the peak pricing and there is no real detriment to the price or degrade in prospects.   We are only talking about standard variance in the Bitcoin pricing and because it is so volatile this is all quite normal, hence buying on a lower price remains quite sensible.  So long as you are comfortable to buy then not sell for this entire year, advice for quick flips is something else.

Ideally you can always buy some BTC just by avoiding waste elsewhere, money you didnt need to spend on other things can be justified in times like now.  The reason to buy into weakness near term is the wider picture, the bigger time lines do justify buying.  Even if we did get this slower and lower pricing for months its quite fine to buy and arguably you receive more BTC but it will not show as performance right now, unless you wanted to sell now it doesn't matter.

That is our rule here, if the price dip, then we should buy if we have the money or just continue with DCA. The problem is that there are investors who still doesn't want to grab that opportunity and wait for the price to go to a certain level before they buy. But we can't control the market, we don't know if the price is going to down or we might see a recovery right after that fall.

That's why we should really be buying when it goes to like the price that we are in, $64,000 and don't wait for like $50,000-$55,000. Just think that the price is still at a big discount as the last all time high is $74,000. So plenty of room for us to make profit if we get breach at least $70,000 in the next coming months and this kind of opportunity might not present itself again.

Well, as soon as you see the price in dips, then always take the opportunity to buy at a lower price, otherwise you will regret why you didn't grab the opportunity. Bitcoin can be seen dumping its price in the market but obviously, it always recovers after that and even surge high and reach new heights. That's how sustainable bitcoin is, that worrying is not enough, but keep on hodling and hoping for bitcoin to reach its new all time high soon.

Not any specific correct answer about dip price of bitcoin because after lower or dip always has other dip price, today bitcoin drop under $63,400 although OP said dip price around $64k but always has possibility with other dip price.
But take risk by investing or purchasing bitcoin after dropping around $64k seems good decision for every one who braveness take risk reinvesting right now after most lower price of bitcoin in last several weeks.

Keep manage well with investing your money in bitcoin by spending around 40% every dip price and buy back later with potential for bitcoin making other dip price or going down under $64k. I use this kinds of investment way when investing in bitcoin keep save capital around 50% preparation if bitcoin get decreasing suddenly.

Everyone who is a real bitcoin holder or who wants to hold bitcoins will try to accumulate bitcoins. For them, a dip in Bitcoin becomes an opportunity. While many investors are worried about the slight drop in the price of Bitcoin, there are many investors who wish to buy more Bitcoin. Currently Bitcoin price is down to 64k. There are many who are looking for more dip and there are many who are buying bitcoins on a regular basis. As a bitcoin holder I think 64k is definitely worth buying bitcoins especially for those looking to hold for the long term. There is no room for panic if the Bitcoin price falls further.

There is never a specific amount to describe what "Dip" is when it comes to Bitcoin, because the All Time High you see today could be another deep in either a months or years time, which is one beauty about Bitcoin, of which due to it's usefulness, gives room for more demand, hence, result to an increase in price value. So on that note, the best advice I can give is for people to keep buying the  amount of Bitcoin they know they can always afford to buy without stress of financial instability, while having the mindset to hold for a stipulated long period of time

I would say yes, but I am not some expert, to be fair most of the experts are not experts neither. The thing about crypto is that nobody could give you a definite answer, it may not always feel that way. I think it's quite clear that we are talking about something that will take a while, and it should definitely be something uncertain.

If you want an answer that can guarantee you, then you are not going to get a right answer, because anyone who tells you "it will go up, I guarantee you" then they are lying, because they are not going to lose any money themselves about it. I personally do invest at these prices, and I do believe that it will go up,  but that is my opinion, and it is not a fact, just because I believe that, doesn't mean I would impose that on you.

Today the price of Bitcoin is still at more than $63K, but you won't be wrong if you want to buy it now because what a blogger said is still not necessarily true so you don't need to wait any longer for that. Because if your goal is to buy Bitcoin, of course you don't have to wait for predictions made by other people because every decision must come from ourselves before accepting suggestions from other people even if it is the best and most profitable advice.

Doing analysis first before deciding to buy it will of course be very useful and will also benefit us in collecting Bitcoin and when we have found the right time to buy it then we must be able to hold it until the target we want is achieved to get a profit from holding Bitcoin.
You are right, looking at the current market conditions, I also think the same thing, that the market will experience a price correction again, of course this will be very useful when we can collect when the price is experiencing a correction, but this will really depend on the funds we have that we can use and also have to endure for a long period of time.

If you said that the market is unpredictable, then what is the best time to buy bitcoin? If we already know that bitcoin is unpredictable, why do we continue to wait and not buy now?
Furthermore, it seems OP and everyone else is forgetting that we have a DCA strategy and that it is the most effective solution in buying bitcoin. I didn't see anyone mention it, and why didn't the OP use dollar-cost averaging, instead of waiting?

OP, if you are worried after buying bitcoin and it continues to drop in price, you can use DCA instead of continuing to wait in uncertainty. If you don't buy right away, don't use the DCA strategy and are still determined to wait for bitcoin to drop to 60k$, you should think of the scenario: bitcoin will bounce back from here and you will have to buy at a higher price.

The best thing is to do what you say, because by doing your own analysis and research you can also learn where and when you will start to take action according to what we know and if there are mistakes, they can be corrected in the future.
I think there is always a possibility that it could happen, but if the increase seems a bit heavy and stuck at $72K, which cannot be passed until now, I tend to have another correction, and maybe it will be below $64K and remain prepared if you really want to buy it.
At any time, there is always a possibility for that, because I think the time for improvement is still far away and maybe at the end of the year there will be an increase.DYOR

Do your own research and if you think he analyzed the trend correctly, then have your own strategy to approach the market.
It's hard to tell if we will reach that level this week but it's possible considering the current momentum of Bitcoin. If you can't decide yet don't rush, just wait for the right timing because the market is unpredictable and if you will just follow anyone's advise here, you might not be able to succeed on making good profit.

Its easy to create some predictions and tell everyone that it’s going to happen, even if you’re not a blogger. That’s the reason why a lot of unreliable predictions are coming out, that would somehow confused the readers. So if you’re one of those, it’s better to make your own prediction and focus on it. Decide on your own whether buying at the moment or waiting a little longer is the best thing to do. But one thing is certain, even if you buy at the current price, the fact that you are just going to hold it, then there’s no reason to worry. You won’t be at loss if you never decide to sell at a lower and a loss price.

It had dropped to $64k and then it will recover for sure, no matter what happens. Those that have been waiting for this dip should have bought.

Because if you haven't bought yet then we might see the movement of it to an increasing pattern. As they say, it's month of June that's always sluggish and bad month for the bullish folks.

But if you're really bullish at all, you should have bought at this time as this is the month where we've seen a lot of dips recently on this bull run.

When it comes to buying and selling then it would really be that indeed according into someones analysis and preference or decisions to be made up. Each one of us would really be having that kind of different
technical analysis and fundamentals mixed up on which we would really be having those points of entries or exits, but since we are talking about the current drop and tending to DCA or making some
entry hten it would really be up to you. If we do tend to look at on how deep the price had gone down then it is really just that like an ordinary day here on crypto space. People are really just that
too easy to have that kind of panic on seeing that the market would really be that in read. They are really just trying to chase when candle is already green.

If you are that wise when it comes to maximum profitability without needing on holding up for too long then you would really be that definitely be considering out on making some entry on 64k point.
Trying out to look about the support on which it hasnt been that broken yet and its really that holding up with this level, not unless if there would really be some sort of follow up
fundamentals then it could really drop even more but well we arent seeing something but we can at least expect that there would really be some sort of unexpected things to happen.

Prices though has somewhat recover to $65k-$66k, so there's not much of a drop for $64k and below and it just show that this so called bloggers will not get the price correctly as they are making wild guesses in my opinion. So a good advise is not to listen to them, specially if you are a beginner. There are a lot of more useful information in this community instead of finding some random guy in social media and believed everything they say.

The OP can just go around in this forum, browse and see what interest him and maybe he can find some threads that might have answered some of his doubts on Bitcoin specially it's price movement. And then study what DCA is, because it is one of the best strategy that suits everyone, even average investors and big whales and institutions.

It should depends on you if you think current price is interesting enough why not try, people will always make prediction but the truth is they know nothing, the market is entirely abstract, technical analysis can help but it could be wrong too.
honestly though if you are that kind of person who have money lying around and really don't have use for it you can just invest using that, a money that's not needed is the best to be used for investment, if things goes south and market tanked, you won't worry too much since what you need to do literally just wait it out.
the previous ATH buyer if they are patient enough and can hold already making good profit right now, so it really is just game of patience.

on the other hand if you invest for short term, current situation might be rather turbulence, so many uncertainty, there are many people on the lookout right now afraid of getting their long/short squeezed.
but i'm just gonna say that, those big investment companies are buying bitcoin by the thousand, they definitely know something good with bitcoin might come. but then again, its not a guarantee.

Not only do they lack knowledge, but they also lack confidence when they want to perform in the market, because they are not used to doing their own analysis and only rely on what other people say. They just accept what other people say and then confirm it with other people, if the majority of people say that they should buy, then they buy, and vice versa. This type of investor often ends up with bad results on their investments, because they are very lazy to learn and only accept other people's analysis without validating it.

Hahahhahaha this is the best line of sarcasm this week.

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But seriously tho you can trust professional blogger heck if you open trading view you can see bunch of analyze start from buy at 18K to buy now hold till reach 1 Million but in my opinion for newbie is if you have money ready to lose and ready for profit just buy at any price and use DCA mode and you probably going to be fine.

Or simply open youtube search how to recognize a support and resistance zone and bought at any support zone and then you gonna fine too IMO

Every time someone asks whether they should buy now or wait for a lower price, they are those who are not serious about buying Bitcoin, because if they were serious then they would buy without caring whether the price is high or vice versa, especially when the price is falling.
If you only target short-term profits then learn how to day trade and study how the Bitcoin market moves so that you don't rely completely on what the experts say, because they only try to analyze but the market will not completely move according to the experts' analysis.
Meanwhile, if you are targeting the long term, whatever the price, it will always be suitable to buy or you can use DCA because this is also what many Bitcoin investors do who are targeting fro long-term holders.

Wait until there is strength shown is best timing, however you can also take the longer term view of buying regularly even into a trend of lower prices.  If you buy during weakness then you will generally receive better value then trying to play catch up during a hype moment in Bitcoin.

Buying on momentum is probably the best advice for trading or speculating on the price.  Its two different ideas but its considered low risk to buy during a period of bullish momentum.   So for that to be true we need BTC to breakout of both its current negativity but also then break the limited range its held for multiple months now.

Buy now and buy again later if the price drops to $60,000 because you can not be that the price is going to fall again. Bloggers are only analyzing the market for click and not because they know how to trade. When buying do not use all the money that you have to buy because the best way to invest in Bitcoin is through DCA. Why it is always good to buy when the price falls is because if you keep waiting for Bitcoin to fall to a specific price it might not get to that price and you could miss buying but if you buy when the price falls through DCA, you would never miss the opportunity to buy Bitcoin because you will always have bought some Bitcoin already and this could motivate you to buy more Bitcoin and not waiting for Bitcoin falling to a specific price.

Waiting a little longer or buying at the current price is never different, as you can still increase your bitcoin hodlings through DCA, that is buying in every price possible. However, studying the market well prior to purchasing bitcoin is still a must so you can immediately make a back up if ever bitcoin ends up the other way around, something that is very possible with such an unpredictable market.

@OP, Bitcoin investment has one common and simple strategy called "dollar cost average." With this strategy, you can start now to buy a very small fraction of Bitcoin every week or every day, so that while you are hoping for the price to drop to $60k according to the blog you read, you are already buying gradually. The reason for such a strategy is that no one can be very sure what the price of Bitcoin can drop or increase to. You are not sure if BTC will reduce to $60k, but if you start now to accumulate using the DCA strategy, you may not be disappointed when the price of Bitcoin never reduces to $60k but rather increases to $70k.

Maybe its either they don't have enough knowledge about bitcoin or don't have enough fund to spend which they can afford to lose since if they have knowledge on how to deal each situations currently happened on bitcoin for sure they would just ignore any situation and just buy because they think that whatever figure showing up this is still the best time to buy. I understand how people feel since its pretty normal to get afraid on the dump, but if they convert those fear as determination to accumulate then provably that they can earn good cash once bitcoin price recovers.

Its pretty lame for people to believe on bloggers or someone's analysis since there's no accurate result will show up. So its better to take action then gain knowledge from the situation since this is more helpful for them especially on their investment decision made on bitcoin.

People keep asking whether they should buy Bitcoin now as the price drops, or should they buy it later when the price drops further - it's a pretty boring question. But it's like this, if you believe that the price of Bitcoin can increase more than it is now, then you can immediately buy it now, no need to bother looking at the analysis of several bloggers because no one can know for sure when the price of Bitcoin will rise, but it will definitely rise. But if you're still not sure, think about it and hold on to your money until you're sure, but I bet that you'll come back to this forum and ask the same thing.

Well if your target of the price is actually 100k or 150k then the price is actually not too risky to buy because the whole of your mindset will be placed at 100k or 150k so the dip wouldn't be much of a worry to you since you are already on a bull market mindset and besides this particular range of price is what everyone in the crypto space is actually speculating for Bitcoin this bull market.

You can split your order buy on many Bitcoin prices so you can buy Bitcoin in many low prices. There is an opportunity for the price to gets down but we hopes that the price is not down too deep. If the price is down too deep, many people can not holds their feeling and can worry seeing the price.

But if you decides to be a Bitcoin investor, you must learn about how to have strong hand to holds Bitcoin. That will useful for you to avoids panics when you see the price gets correction and down for deep. You will see the opportunity to buy more Bitcoin at more lower prices so you will use that moment for your benefits.

If you want to buy Bitcoin, don't forget to use the money you can afford and not going to all-in. That will prevents you from the buy too fast in a high price and you can have more money to buy at a low price if the price is down. Don't forget to analyze the Bitcoin price movements and not just hearing from other people suggestion.

I don't sure with bitcoin possibility price dropping until $60k after large correction in last several days and more lower price around $64k, you can spent your capital by investing around $64k and half your fund open order buy bitcoin around $60k.
Its seems fair than your expectation bitcoin will drop drastically under $60k has possibility recently bitcoin growing until $65k and earn around few percent of profitable if you invest yesterday when bitcoin on most lower price.

In this week, bitcoin get more correction and difficult break out to higher price without any large bad news but bitcoin more dominance with correction than recovery back to higher price. Recently my capital have invested on some altcoin and its interested moment for me if have capital left for investing in bitcoin with more lower price.

If the price will consistently drop, you will find a better option to start buying bitcoin and just follow it with DCA. However, investing right now is not that bad also as every price of bitcoin is always a buying opportunity. Just the fact that you have already something you can call as your own regardless how small it is, then it’s always a positive motivation. Continue to study how bitcoin moves in the market, you will know eventually on how to take advantage on it.

Some analysts say it will go to 100k this year, some say it will go to 250k. Some say it will go to 60, some say it will go to 55...

Anyway, my take is, we will have a post-halving bull run.
The recent decline in price is mainly caused by inflation news coming from from the US, that lead to the initial drop below 70k and liquidated some leveraged longs.

When people ask me if they should panic, or worry about the price I always ask them one simple thing: do you think that this is caused by a problem with bitcoin. Is bitcoin in trouble in any way, the way we had bad news when FTX blew up, or China banned bitcoin. If it's not then it's exactly the same bitcoin people were paying 72k weeks ago and now they don't want to pay 65k for it.

If I were you and had spare cash lying around, waiting for that right moment, I'd be buying right now, but I'm 100% sure that bitcoin is worth more than 65k. The question is: are you?

Buying now is risky because we’re dipping below a popular moving average, so you’d either be catching the bottom as we head to retest the all time high, or you’re buying as we just fell through support levels on our way to the next support at $56K. That’s why I’d say to dollar cost average your buys. The market still has some things to work through before the moonshot.

60k$ price is still high price and it is still risky who know after you buy at 60k$ it will drop down to 50k$? Only god knows about it, and if you ask question in here maybe people will till you to invest, it is because of the past price and they don't care about you and you're investment they will till thier prediction or speculation but at the end you will be the one to loss your funds if you failed, so do research and have your own decision in investing because it is a win or loss game if you will not earn you will loss.

Keep waiting a little longer while others invest in bitcoin in the best way they can.

The worst that can happen to any bitcoin investor is to go by what bloggers say about the bitcoin price before they invest. It's funny how the bloggers now become the sole visionist of bitcoin price? And people seem to believe them.

The last time I checked, none of them(bloggers) had speculated the price of bitcoin correctly. I see it as one accepting what bloggers predict about bitcoin before investing is a bad move that can make one miss several golden opportunities of applying the DCA method of accumulating bitcoin.

I believe that we are seeing something changing big time, and that is important when you think about it. We should consider the fact that we are not going to end up with anything major, it is not really that reasonable to expect a drop.

Right now the bull is coming because after every halving it has arrived, it wouldn't be really that crazy if it happened again, so we could probably see it go up again. That means, the big change coming up could be a bull run and we should consider how to get better, and that would be a quite good deal. I know that it is going to be something that will change things a bit, but that doesn't mean that it will be simple, we just need to make sure that we are going to have it change for good.

Not all predictions are always accurate as being said, we need to make our own research and speculate well on the market chart to see how possible are some of this external speculations received from others, bitcoin can make a turn at anytime to either fall the more or rises the more, if we only understand the reason under its volatility, its been affected majorly by the demand and supply chain of the bitcoin market, this equally says more of the market price having the ability of changing at any point in time, even if we have more bear down to $60,000 the market will still pump at anytime soon to $73,000 and more to a new all time high before the year ends, as from other speculations, many have also expected in seeing the market get beyond the band limit to a new ATH before this month end.

I think we are very close to a local bottom. You can look at the Bitcoin chart and compare it with the chart of the top altcoins. We will see that Bitcoin holds up well against the bears. Players are unable to lower the price of Bitcoin below $65-60,000. That says a lot. This means that demand gradually began to exceed supply. When this excess becomes critical, Bitcoin will begin to grow. But I think we have very little time left to wait. Perhaps the end of June or the beginning of July will be the point when no one will want to sell lower.

Waiting longer is not necessarily the price of bitcoin down to $60K? While you are buying now there has been a decline so you will wait with the analysis of a blogger? I will not underestimate anyone's analysis but the opportunity should not be delayed especially if you have double money to buy it then buy now when the price drops buy again.

It is certain that with the current downturn many people are panicking because their portfolios are decreasing drastically so when you have the intention to invest then do not delay do it now and buy again later after the decline.

I'm not scaring anyone, but what I do is buy on the dip. That's the best way for bitcoin.

If it was me I would be buying now.

I assume that the OP has a substantial amount to spend/buy otherwise a drop of $4000 wont make
too much of a difference if you are spending $1000

@ $60,000 - $1000 will get you 0.01667BTC
@ $64,542 - $1000 will get you 0.01549BTC

Difference of 0.00118BTC - $76

Is it worth the risk of it not falling further for such a small gain? the market could end up going
the other way and you lose more by not buying now and HODL'ing in the comfort of owning BTC

I clearly see know reason why you should listen to such analysis, when the blogger in question is not financially responsible for your investment. Waiting for Bitcoin to touch $60K might literally be a waste of time as it might not happen, and you might actually miss out from the little bearish trend we are experiencing. Opportunities like this are not what you are to contemplate on.

 Current price of Bitcoin ($65K at the time of this writing) can not be guaranteed in the next few hours. Just a rumor can shake up the entire market, thereby increasing the price far above the current. Every opportunity is a giving time to buy(most especially DCA wise), don't miss out.

You can buy now, and still buy tomorrow if you have the funds. Just try as much to Capitalize on today's opportunity. The decision is all yours.


This is the Perfect statement to address this issue.

Can you please name that blogger who is so certain that bitcoin will drop to 60K this week? Seems like he is more of a fortune teller than a blogger 
And what about the the posters here screaming all the time to buy bitcoin, buy bitcoin. You don't listen to us but to that blogger. 

Now listen to me carefully. What is your target of Bitcoin? Even if you are very conservative, you must still have a 100K bitcoin target. Right?

So no matter you buy bitcoin now at 64,000$ or at 60,000$, it won't matter much when bitcoin will reach 100,000$. But if you did not buy now, bitcoin did not reach 60K and it reached 100K and you do not own any Bitcoins, then it will matter. Think in this way so that you are not missing out here.

First, the blogger who wrote that Bitcoin may drop to $60,000 could be right, at least, the speculation is within a reasonable range. But you should know that this is a speculation, it is not necessarily going to be so, and the same goes for anyone advising you here, no one is perfect about this.

That said, Bitcoin is bearish in trend now and might move lower truly unless there's a bullish hope. However, the bullish hope can only start if Bitcoin can claim back a bullish price action on at least the 4H and 1D charts, but unfortunately, that is not forthcoming yet. Also, I see more trouble for the coin with the TrendMagic indicator changing negatively on the daily chart, and so long as Bitcoin holds below the resistance of the indicator at $68,678, it may fall further.

Furthermore, in a bid to calm some nerves, I can see strong 1W support levels at $62,120 and $59,940. Let's see how it goes!

Don’t rely your decision from a single blogger who has only made a not so sure prediction. Start researching on your own if his prediction is reliable or not, that way the final decision will still be on you, not on the people around that made some speculations or predictions.

If you have the spare funds to buy at the current price, then don’t hesitate to buy. After all, you won’t be buying the whole bitcoin, just a portion of it. Or if you wait for a much lower price, that depends on you, your money your rules. Don’t let other people influence you most especially when it concerns with money.

we don't know that Exactly what is now happening with bitcoin now. but it is possible that bitcoin can drop in 64k, because now bitcoin price is going down very fast. but i can't sure. because it will also Available to the price going up. so this time we only do just hold. and wait for the real bull run.

Why wait till the price of bitcoin drops to whatever your bloggers predict it will drop to? Why not just buy now that the price is on the low side compared to how it was last week? The price might go down, but it could also get higher than where it is right now. What matters is that you were able to grab what you can with what you have.


lol.. Some people just take the information they see on the internet very seriously without even doing their own research or making their own decisions, which is why they are easily manipulated nowadays.

Are you investing in bitcoin through the advice of others? If so then I don't think you should invest in bitcoin let alone when is the time to buy bitcoin. Because even if you can buy bitcoin for less than 60k USD, but if you don't have the knowledge and rely on others, you won't be able to hold out until bitcoin goes up in price again.

To be able to make a profit from investing in bitcoin, buying at a low price is an advantage but that is not enough to guarantee you will make a profit. Bitcoin is unpredictable and sometimes we need to hold for the long term and to do that you need to be knowledgeable rather than relying on other people's advice.

Take the time to learn because when you have the knowledge, you will know when is the right time to buy and sell, and you won't even have to depend on anyone.

It depends on how long you are willing to wait for your profits. I know, anything can happen, so, it's not a financial advice, but from what I read and hear, it may take some time before Bitcoin goes above $70k again. Namely, it can take a year. If you can afford waiting so long - buy at $60k. I expect $200k+ sometime in 2025, but it's not certain, of course, so, don't borrow money and invest it in BTC. That's what you shouldn't do. You certainly shouldn't do that.

Are you looking for blessings approval from the BTC-community to purchase bitcoin? When will this stop for newcomers and they will finally start making decisions for themselves?

This is your money, your investments and your risks - the burden of responsibility falls only on you. Therefore, if you want to buy now, buy it; if you don’t want to, don’t buy it. Don't expect the only right answer.

If you want to bet on a blogger’s words, that’s up to you. But if he turns out to be wrong, then only you will suffer and there will be no need to blame him for an erroneous analysis, because you will press the “buy” button.

Yes, if you invest using DCA method, the risk is minimized, so it is a very good method.  But if you invest in Bitcoin or any other crypto coin, it must be a long-term investment because no big profit can be obtained from any of them in a short period of time. Now investing in Bitcoin no one can say whether the price of Bitcoin will increase or decrease the investment price.  So while investing, the objective should be long-term.  Then investment can be done anytime without any problem.

Buying now or later is actually your decision to make, however if I must advise you I would say you should start accumulating immediately because not all the time you may find the Bitcoin price this way so instead of expecting for more dip start utilizing the opportunity that has been presented to you now, however in terms of the blogger analysis I will strongly advised you that sometimes listening to them could cost you the opportunity that you would have actually use to buy Bitcoin, and also what you need to consider is that how sure it is that his analysis will come through because the last time I checked so many people have predicted the price of Bitcoin to fall drastically but till how it has not happen so perhaps starting to accumulate now will not be a bad idea.

The price of Bitcoin is going down a bit and the price of Bitcoin may go down a bit more but there is no telling exactly how much it will go down so you can start investing now.  Investing in DCA method will have less risk so since the price of bitcoin has decreased a bit so you should invest without waiting because if the price of bitcoin does not decrease again then you will miss this opportunity and if it decreases further then you will lose the investment so invest according to DCA  Then you will be safe in all cases.

In order to avoid stress of trying to time the market (which is impossible anyway), why not take into consideration DCA method?


Crucial part is it may drop and no one (including that blogger) knows what will actually happen. My advice to you is to stop listening to bloggers/youtubers and crypto influencers in general as they know shit. After all, in the grand scheme of things it doesn't really matter much whether you buy bitcoin at $60k or $64.

Nobody knows but the bull run is off for now but it will still continue later. Bitcoin will nit be very volatile lke those altcoins, you can just continue to use DCA if you have started using it before. If you have not used DCA before, you can start to use it to buy bitcoin now. Theoric of bitcoin will still later increase. Bitcoin dropped below $57000 last month, so it is possible that the price may still dropped below $60000 this time.

Lol, why you have to listen so crypto influencer to buy? What if he says that it will go to 0 or go to $100k? Will you believed in him? And this is the problem with newbies, no offense to them, but before you get your hands wet in this market, you should know that there are a lot of so called analyst or influencers here. And you are making it complicated in your end. So why not just buy at the current dip since you say that it has going down. And if the price goes down to $60k then buy more, easy as that. I'll give you one hit, DCA will be your friend. So take that advise and research what does it mean.

and what is the basis of this blogger for saying that? lol.

It is not advisable that you listen to other people about when you should buy or sell bitcoin or any cryptocurrency for that matter but most especially you should not be listening to bloggers, vloggers or any content creator whose only goal is to clickbait and get as much engagement as possible.

Of course they are going to say the craziest assumptions just to get people talking and discussing about their content. Just buy now when you think it is cheap enough for you.

It is better that you buy right away if you have the money now. No one can predict bitcoin price movement accurately and no one knows what direction the price will move to in the next moment. Now that you are seeing 65k price, it is good that you take advantage to buy instead of waiting for it to still dip below this price. What if it does not dip anymore and start pumping. Last week we saw a price higher than this, so take this opportunity and buy instead of waiting and waiting till infinity for a price dip that might not occur. Buying at the dip is always luck because you cannot know the bottom line of the dip.

Hello I'm a professional blogger and Bitcoin enthusiast, I've analyzed the Bitcoin market for 14 years and I think the price may drop to $1 this week.

I think you should value my analyze, it's no joke bro, you can buy Bitcoin as cheap as $1 rather than to buy when the price is $65K. Imagine if you own 65K Bitcoin and if Bitcoin price reach $2, you're already doubled your money!

Should I buy now or wait a little longer? A blogger has analyzed that the price may drop to $60,000 this week.