Bitcoin has once again dropped below $20k, many previous predictors believe the $20k resistance is unbreakable and bitcoin will never drop below $20k again, but in the end all predictions are not what we want, predicting the price of bitcoin is impossible.
There is hard time to say for sure that bitcoin won't decline from this price, but as you suggested said. W should prepare for what is to come and money will be the first concern if we still have absolute faith in bitcoin, if it drops in price then buy immediately.
By doing some preparation, I believe we can use the times when the price of bitcoin is at a low price level to buy as much as we can. Thus, we can increase the number of bitcoins we have to provide a large profit when the price increases high.
Maybe the high price hike won't happen soon but will happen later and if it happens in the next year, we should use the present moment to collect more bitcoins than ever before. Everything we do from now on will give us good results as long as we can remain calm when the market is experiencing a continuous correction.
This sign bitcoin will be back on hold for a long time this bearish will remain an extension that continues to burn, with the price of $18k in my opinion it will go back down the point at support is $15k but chances are we have to be prepared with which will buy bitcoin as low as possible because this is the time for the best chance with the lowest purchase
I know people will panic a situation where prices continue to fall causing them to panic erratically but we must be able to determine a good future term when buying as low as possible to hold more in the portfolio.
It looks like the bear market conditions will persist and there is a chance it will last until the end of the year if nothing good can lift the price and break it higher. With a drop from $20k to $18k, the price may drop to a lower level because the odds will always be there. And if indeed the price will return to the support point at $15k, we must be prepared by trying to have some money so we can buy bitcoin at that price. But we can buy low and sell high in the current conditions but indeed, it will not be easy because we need to have the ability to analyze when is the right time to buy and sell.
I never thought that we will not go back down to $18k, but here we now, so another perfect opportunity to invest. I know that it's better to buy when the price goes to $17k or worst like $15k or below. But this is a good buying opportunity from me so I will not missed this one.
People should now that the market is still in the bearish trend, so just expect the worst. Prepare not to panic and be nervous and if you have the capital much better to invest right now and then hold.
We will never know whether the price will return to $18k or lower or if it will stay because no one can analyze it properly. We can only analyze according to our ability and make preparations if the price drops further. Now is still a good time to buy bitcoins but if a green candle is seen in the market, maybe we should wait a while for the red candle to return to the market so that we can buy it at a lower price. We must remain calm and not panicky to see opportunities when buying bitcoins.