Topic: Will BTC dip again? - page 5. (Read 1744 times)
BTC price action is flailing around like a snake dying in the Nevada desert sun. At this point its ready to picked off by an eagle and be ripped apart for its failure to effectively move for so long, my bet would be it snaps back and bites the eagle to survive once again. So long as BTC stays above the 50 day average its good but its really taking its time at this point, hence might suffer great injury and pullback to 60 or into the 50k pricing.
The fluctuation won't matter if you're a long term investor, unless you're an active trader. When you look at the bigger picture all these fluctuation in price won't matter since in the end, the graph is an upward one 📈
For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?
like me when the market dips, have you guys set a target price where
you will buy?
It is always good to have a price target whenever someone wants to enter the Bitcoin market, but truly, it is not always easy for someone to easily catch up with the price target. So the best way to take advantage of the Bitcoin price is by using the DCA method, which means buying Bitcoin on a monthly or weekly basis. By doing this, you definitely take advantage of the Bitcoin price; DCA is the only way. The truth is that many people have bitcoin prices that they want to enter the market for, but they will miss the opportunity because the price may not likely come down again.
The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?
At this moment, I am not sure that the Bitcoin price will come down to $50k. Even though Bitcoin wants to go down in price, I think it will only be $60k or $55k. If you want to invest in Bitcoin, just invest and try to hold for a long period of time so you can witness more bull runs and be able to make a reasonable profit. Timing the market is not really easy; many have tried that but ended up making no investment again because the price continues to increase, so let's be conscious of some price targets.
Well we are coming in into a new quarter of the year and price may get into a new correction but I hope it wasn't that deep to hurt many investor and put their position to sell because they get caught up of their fear. If so, this will also cause to more decisive candle lower. Even BTC may have a dip, I will only perceive it as a short term price action and remain bullish in long term perspective. Halving is coming in and there would be more changes. Until that happen, I believe any dip would be a better way to position yourself to another buying opportunity.
Nope, there is no correction, on the contrary, the price is moving to $72k, maybe there was excitement as we are fast approaching block halving and so investors are pouring their money before that event event.Who knows, maybe we will reach another all time high pre-halving. But for those who are looking long term, not minding the incoming bull run, still a good time to accumulate. So I wouldn't be surprised if we maintain this price, above $70k before the halving and not seeing any dip as the sentiments are greedy or very positive for a incoming bull run.
There is always the possibility of a correction on the day Bitcoin halving occurs, so you should not ignore this possibility for whatever reason. I understand that many people expect the price of bitcoin to hit a new ATH before the halving (whatever that may be), but they should also not forget that a halving event can also trigger a correction regardless of how deep the drop is.
You are certainly right that today we have seen the price of bitcoin again above $72k, but this is not a definite reason why the price should rise higher before the halving. Just have a reserve plan to minimize the possibility of losses if a correction occurs, including DCA, buying dips and accumulation.
For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?
Nobody know the price which bitcoin will dump too so when investing you have to take your time and you your research, if am investing in bitcoin, I don’t go all in, I do divide my money, whenever I notice a dump, I will decide to buy with some part of my money, if there is more dump then I will keep on buying more. But we should know it will be difficult to buy at the bottom, so don’t think you will be buying a coin at the lowest price, if you enter a coin, it might dump more, and if you are lucky, it might start rising from the price at which you bought it. like me when the market dips, have you guys set a target price where
you will buy?
The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?
I can’t say the price at which bitcoin will be going at a particular time, but lots of people have missed out just because they keep on having the mindset that bitcoin is going to dump more, if you think bitcoin will keep on dumping, then wait till then before buying. buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?
I won't set a specific price target for this market downturn, but I will aim to stay within 15,000 units below the peak. This downturn feels distinct from last year's, as the price surged leading up to the halving. What's intriguing now is that the halving hasn't occurred yet, yet we're already seeing all-time high prices. This suggests there's still significant room for upward movement.
Well we are coming in into a new quarter of the year and price may get into a new correction but I hope it wasn't that deep to hurt many investor and put their position to sell because they get caught up of their fear. If so, this will also cause to more decisive candle lower. Even BTC may have a dip, I will only perceive it as a short term price action and remain bullish in long term perspective. Halving is coming in and there would be more changes. Until that happen, I believe any dip would be a better way to position yourself to another buying opportunity.
Nope, there is no correction, on the contrary, the price is moving to $72k, maybe there was excitement as we are fast approaching block halving and so investors are pouring their money before that event event.
Who knows, maybe we will reach another all time high pre-halving. But for those who are looking long term, not minding the incoming bull run, still a good time to accumulate. So I wouldn't be surprised if we maintain this price, above $70k before the halving and not seeing any dip as the sentiments are greedy or very positive for a incoming bull run.
I won't set a specific price target for this market downturn, but I will aim to stay within 15,000 units below the peak. This downturn feels distinct from last year's, as the price surged leading up to the halving. What's intriguing now is that the halving hasn't occurred yet, yet we're already seeing all-time high prices. This suggests there's still significant room for upward movement.
Well we are coming in into a new quarter of the year and price may get into a new correction but I hope it wasn't that deep to hurt many investor and put their position to sell because they get caught up of their fear. If so, this will also cause to more decisive candle lower. Even BTC may have a dip, I will only perceive it as a short term price action and remain bullish in long term perspective. Halving is coming in and there would be more changes. Until that happen, I believe any dip would be a better way to position yourself to another buying opportunity.
In my opinion, one crucial component of Bitcoin's request dynamics is the current fluctuations in its value. Despite the ill-intentionedness of the question, I remain secure in my financial strategy. I plan to hold onto my Bitcoin until 2025, having purchased it at a significantly reduced price, as I anticipate a bull demand following the halving. While some could aim for a $50,000 entry point, I think patience is necessary, especially considering the likely price fluctuations after the halving. Unexpectedly, given the options that were accessible in the past, several community members are experiencing difficulty purchasing Bitcoin. I've already invested in Bitcoin and am considering my options for other cryptocurrencies.
But if you think that bitcoin will have a correction before it continues its journey to make an even higher ATH in 2025, why don't you take profits now if you have invested since 2023 and buy back when the bitcoin price has a big correction after this halving. People who have faith that every cycle repeats itself will do so and use the money back in Q3 this year and Q1 next year to make their bitcoin holdings much larger. As for the surging demand you are thinking about, maybe the premise will be the same as gold after the ETF is approved, the question is whether bitcoin will experience the same thing and make the bullish momentum much longer than the previous bitcoin cycle?
Good close to the week I think, but I rely on the repeats for a trade to be valid. Its a given we will repeat in cycles the dips and peaks to price action. My take on this week was its positively acted in placing higher lows in the price action. However the certainty that we have left behind the old ATH area of volume and beaten it to the point it is now support, I dont see thats beyond doubt so the market with doubt will certainly test support before it moves on.
Some believe if support isnt tested today in every way then even if we do rise, it must at a time in future come back to test what has not yet been proven. Any gap or weakness in an area of volume left open in the price action is where an attack or attempt to sell will return to. I dont imagine BTC is that logical or ordered but maybe it doesnt have to be, I need more experience and skill to really be sure but its no question BTC and many prices go in circles.
We're in a box of price action right now, you can draw a square around it quite easily and simply and if thats true we are due to repeat till we can break the habit.
These type of week ends, do decide a little bit what's going to happen next week (the current week we are in). I believe that a strong week close means that we are seeing a good increase and a lot of people hopeful about the future of bitcoin as well. If people didn't believe that they would make profit, then why would they put money into something they would lose money on? Obviously a lot of people think that we are going to profit from it, that's why they do invest into it right now.Some believe if support isnt tested today in every way then even if we do rise, it must at a time in future come back to test what has not yet been proven. Any gap or weakness in an area of volume left open in the price action is where an attack or attempt to sell will return to. I dont imagine BTC is that logical or ordered but maybe it doesnt have to be, I need more experience and skill to really be sure but its no question BTC and many prices go in circles.
We're in a box of price action right now, you can draw a square around it quite easily and simply and if thats true we are due to repeat till we can break the habit.
This should be a good week, I am not saying we will go up a lot because halving is coming and that matters, but at the same time we are talking about a situation where we could make some money from it as well. It should be quite important to have some patience right about now.
Good close to the week I think, but I rely on the repeats for a trade to be valid. Its a given we will repeat in cycles the dips and peaks to price action. My take on this week was its positively acted in placing higher lows in the price action. However the certainty that we have left behind the old ATH area of volume and beaten it to the point it is now support, I dont see thats beyond doubt so the market with doubt will certainly test support before it moves on.
Some believe if support isnt tested today in every way then even if we do rise, it must at a time in future come back to test what has not yet been proven. Any gap or weakness in an area of volume left open in the price action is where an attack or attempt to sell will return to. I dont imagine BTC is that logical or ordered but maybe it doesnt have to be, I need more experience and skill to really be sure but its no question BTC and many prices go in circles.
We're in a box of price action right now, you can draw a square around it quite easily and simply and if thats true we are due to repeat till we can break the habit.
Some believe if support isnt tested today in every way then even if we do rise, it must at a time in future come back to test what has not yet been proven. Any gap or weakness in an area of volume left open in the price action is where an attack or attempt to sell will return to. I dont imagine BTC is that logical or ordered but maybe it doesnt have to be, I need more experience and skill to really be sure but its no question BTC and many prices go in circles.
We're in a box of price action right now, you can draw a square around it quite easily and simply and if thats true we are due to repeat till we can break the habit.
In my opinion, one crucial component of Bitcoin's request dynamics is the current fluctuations in its value. Despite the ill-intentionedness of the question, I remain secure in my financial strategy. I plan to hold onto my Bitcoin until 2025, having purchased it at a significantly reduced price, as I anticipate a bull demand following the halving. While some could aim for a $50,000 entry point, I think patience is necessary, especially considering the likely price fluctuations after the halving. Unexpectedly, given the options that were accessible in the past, several community members are experiencing difficulty purchasing Bitcoin. I've already invested in Bitcoin and am considering my options for other cryptocurrencies.
I won't set a specific price target for this market downturn, but I will aim to stay within 15,000 units below the peak. This downturn feels distinct from last year's, as the price surged leading up to the halving. What's intriguing now is that the halving hasn't occurred yet, yet we're already seeing all-time high prices. This suggests there's still significant room for upward movement.
For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?
The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?
Currently the price of Bitcoin is not expected to fluctuate around $50,000 before the Bitcoin Halving. After the halving, the price of Bitcoin may return to $50K, but the chances are very low. I have not set any fixed price to buy bitcoins because I am investing in DCA method, investing in DCA method does not pay much attention to market volatility. But more or less everyone has a specific goal after that so I say if bitcoin dumps this year and reaches $50000 I will buy bitcoin with my savings and hold it for the next bull run. like me when the market dips, have you guys set a target price where
you will buy?
The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?
And this correction is not yet finished; instead, we are still experiencing it at present, and its direction is still quite unpredictable, to be honest. That's why, if you look at the chart,
we are still short-bearish, but the momentum is still bullish.
We holders still have a little patience, and while we are still waiting, we will first apply DCA while the price has dropped a bit in the market, so this is an opportunity for us, right?
I would say that correction is probably over, we did not break under the 65k price, and the price reached back to 68k levels, which I assume will be over 70k soon enough as well and won't be a problem. I am not saying that it is going to be easy or anything like that, I am very well aware that it would not be simple, but that doesn't mean that we are going to end up with anything simple at all.we are still short-bearish, but the momentum is still bullish.
We holders still have a little patience, and while we are still waiting, we will first apply DCA while the price has dropped a bit in the market, so this is an opportunity for us, right?
We should consider the situation to be simple; it dropped to have a correction to let the weak hands sell and get out before we start to move up again with diamond hands and big buyers. That's what we are going to see, and it won't be a big problem at all, we should be considering that as the most important part of our near future.
The current market price is $69k and if within the next 2 days it can reach a price above $73k then it is certain that the target of $80k will be achieved before the halving.
And this correction is not yet finished; instead, we are still experiencing it at present, and its direction is still quite unpredictable, to be honest. That's why, if you look at the chart,
we are still short-bearish, but the momentum is still bullish.
We holders still have a little patience, and while we are still waiting, we will first apply DCA while the price has dropped a bit in the market, so this is an opportunity for us, right?
I would say that correction is probably over, we did not break under the 65k price, and the price reached back to 68k levels, which I assume will be over 70k soon enough as well and won't be a problem. I am not saying that it is going to be easy or anything like that, I am very well aware that it would not be simple, but that doesn't mean that we are going to end up with anything simple at all.we are still short-bearish, but the momentum is still bullish.
We holders still have a little patience, and while we are still waiting, we will first apply DCA while the price has dropped a bit in the market, so this is an opportunity for us, right?
We should consider the situation to be simple; it dropped to have a correction to let the weak hands sell and get out before we start to move up again with diamond hands and big buyers. That's what we are going to see, and it won't be a big problem at all, we should be considering that as the most important part of our near future.
I don't know much about technical analysis, but I think it doesn't have much chance of going down in price, well it's what I've seen in some technical analysis of some commodity traders, some are very good at giving good predictions, and what you can see There are many good things coming, in fact the basic analysis that I have seen shows that there are corrections but not so strong, maybe $50k is not so low, if it is going to be pushed to $100k I think it is worth it It's a shame, but the truth is I see many things that are good, some or the most activists or those who call bulls take it for granted that things are going to go very high, and for this 2024 many expect $100k, for the 2025 maybe a $200k, is that or can it be very positive? optimistic? I don't know, but I think so, and it's very probable.
According to the price bracket chart there is strong support at $60k and I do not expect the price to drop below $50k as the price is currently hovering around $65k. It's better to wait for a clearer sign when you're not sure. If it breaks above $70k, it will be a bullish sign. If it drops below $60K, it could present an ideal buying opportunity. If the price fluctuates between $60k and $70k, you can avoid making a profit. No matter which path you choose, it's a game of patience with some risks involved.
You can try implementing a strategy where you place buy orders below $60k or sell orders above $70k, which will allow you to take advantage of potential breakouts. This is just an idea!
You can try implementing a strategy where you place buy orders below $60k or sell orders above $70k, which will allow you to take advantage of potential breakouts. This is just an idea!
$60k might be considered a strong support, but just like what JollyGood said, what is actually stopping bitcoin to go down below $50k? Once people starts dumping, $50k is a range that's very possible for bitcoin to land when there is a huge correction.
Also, when bitcoin rises back up to $70k, it does not represent a bullrun yet. That could only mean a recovery and there are for sure short traders and investors who wants to take advantage of the bitcoin recovery to take profit from it.
The clearer sign that you said about the bullrun only occurs when we are actually experiencing it, and when people are FOMOing.
What is stopping Bitcoin to go down to below $50,000? If the trend was to dump or sell as fast as possible, the price has to drop. When we enjoy the ride watching Bitcoin reach $70,000 therefore we have to be aware it could crash any time.
Even if Bitcoin could be purchased at $50,000 how much could you buy as per your personal circumstances?
Even if Bitcoin could be purchased at $50,000 how much could you buy as per your personal circumstances?
For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?
The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?
like me when the market dips, have you guys set a target price where
you will buy?
The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?
According to the price bracket chart there is strong support at $60k and I do not expect the price to drop below $50k as the price is currently hovering around $65k. It's better to wait for a clearer sign when you're not sure. If it breaks above $70k, it will be a bullish sign. If it drops below $60K, it could present an ideal buying opportunity. If the price fluctuates between $60k and $70k, you can avoid making a profit. No matter which path you choose, it's a game of patience with some risks involved.
You can try implementing a strategy where you place buy orders below $60k or sell orders above $70k, which will allow you to take advantage of potential breakouts. This is just an idea!
You can try implementing a strategy where you place buy orders below $60k or sell orders above $70k, which will allow you to take advantage of potential breakouts. This is just an idea!
I believe that these drops are fine and won't matter that much, we are probably going to see them do a lot better with time. This doesn't mean that we are going to make a ton of money, but the way we are looking at it, we should probably see it do differently eventually.
Just because it had a small drop, doesn't mean that it will keep being terrible, I bet that we are going to do a lot better with time, we just need to do a bit better for a while, and need to be patient about the price as well. I know that it is going to take some time to get there, but when we finally start the bull run I bet you that we are going to end up with a greater return. I hope that we could see something that could finally change and the price will skyrocket.
Dips are actually normal for bitcoin, but if you wish to see bitcoin getting $50k price or lower than that before you decide to invest, I guess you are not trying to maximize your profits in the future. Don’t wait for bitcoin price to drop that low as we are still not sure if it will bound to happen soon, but one thing is certain, if you invest at the current price and continue it with DCA and hold them for quite long years, you will earn massive profits in the future bull run, but probably not this year’s bull run.Just because it had a small drop, doesn't mean that it will keep being terrible, I bet that we are going to do a lot better with time, we just need to do a bit better for a while, and need to be patient about the price as well. I know that it is going to take some time to get there, but when we finally start the bull run I bet you that we are going to end up with a greater return. I hope that we could see something that could finally change and the price will skyrocket.
It depends from person to person as everyone have their own strategy and I am completely fine if someone is waiting for Bitcoin price to drop to $50k as even I was waiting for Bitcoin's price to drop to that zone until recently. But yeah DCA has been one of the best thing I have tried because I am doing DCA for a while and even when the price of Bitcoin crossed $40k it was like a huge achievement and even then I was doing DCA and continuing till now so I would say DCA is always a winning strategy but initial investment is something which has to be planned. I would rather wait and invest when Bitcoin drops during bear market than investing now if it's a huge amount.
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