Bitcoin Forum

As these monthly polls are mostly just a form of sentiment checkers in the forum, I'll limit the choices to just yes or no again.  And it would help if you post your thoughts itt.  

Check this chart out.  Lolol really?  That's like one of the best runs I've seen of Bitcoin from an optics pov.  Is it really going to an all time high this month?  Can't believe it's happening tbh.  Sorry if I sound dumb rn.  I'm at a loss for words...

https://i.postimg.cc/Bb6v3hsL/E7-F9-B9-D7-9-CE3-48-C6-B08-C-D97-C4-E10917-B.jpg

$61,298 was Bitcoin's initial price in March. Now Bitcoin is at $62.5K and is still going up and down.
My speculation is that in March it could reach $68K and I don't dare say more than that number because of several obstacles that will occur which could change the situation like the Coinbase incident in the midst of a price spike like now.

For this month of March, I am also at a loss for words because Bitcoin in the last week of February surprised many people with an unexpected price spike because the halving calculations had not yet arrived.
My few words to Bitcoin holders, quickly check your medical history so that when the price of Bitcoin reaches $69K or $70K you could have a stroke or get heart disease.

For me it’s a crucial month for Bitcoin price. It can possibly break ATH and reach new ATH but there’s always a chance that this momentum will stop on the previous ATH which around 67K to 70K in case institutional traders and ETF owners started to take profit.

But I’m still positive that we will reach new ATH since halving is still far away while the price is already near the previous ATH level. For me, I will put my holdings at 50-50% when the price already playing near 70k level just to secure profit and at the same time still ride the BTC train pump.

Provided that April is likely goin to be the month for the halving to happen, we can say of this present moment that we may experience a little more dip along the month in other to have an opportunity for the market performance after the halving, though we cannot be accurate about when this is going to begin, but we are going to see more of these after the halving that the market becomes more volatile and pumping than before.

Hard to say what to expect from this month of March... Bitcoin price just increased too much in a very short time interval to 62,000$. When price fluctuates like this, we are likely to see corrections right after which push the market downside. So far we are bouncing between 61,000$ and 62,000$, with 63,000$ as the next resistance level. The worst is that I'm living a dilemma because I don't know if I should buy now or if I should wait to see what the next trend of the market is, that is, to wait for a potential correction in price.

I fear that whales might be waiting to dump prices after the recent increasements. It looks surrealist to see Bitcoin getting close to its previous ATH, without even having crossed the halving event yet. I was expecting to see what is happening right now only in the end of this year. Bitcoin market is heavily precocious these days.

I voted yes.

Bitcoin could break it's previous ATH, but I'm sure we will see reversal sooner or later because there's no exact reason why the price can surge so that high. The price will increase again during near halving event, then suddenly declines again because people thought it's over.

But we will see the new ATH in the upcoming year...

I expect a reversal before the halving and then a real push above the last ATH a couple of months after.

This is not based on any technical analysis, just my speculations following events of previous halvings. We usually will have a heavy dip, followed by a period of sideways movements and then some price spikes.

True, I've seen history that way too, but there's a chance this time will be different. I am still not sure about the ATH before the halving and tend to believe in the new ATH after the halving, but considering the recent increase my doubts have faded a bit as the price is getting closer to the previous ATH. The positive sentiment is still very strong and I think we will get price testing its old ATH resistance before the halving.

About correction and sideway, it is very possible if that resistance fails to be broken. Institutional investors and ETFs will likely be the difference in this halving cycle, but all of the scenarios I think about may not be true if price movements follow past history.

This is worth considering too; past events do not determine future outcomes, we can only use it as a guide but can't rely on it. The last bull run was significantly different from the one before it in 2017 and that was slightly different from the one before. These goes to show that as the market grows and matures it reacts differently to similar situations, and we have to adapt accordingly.

It's just the start of the month and after a minor dip, here comes the bulls again with all his might and pushing the price again above $62,000 and 22% in the last 7 days. It's scary to see this numbers, but what can we say? It's a win win for us, whether it will go on a higher ups again and see a new all time high, or there will be a huge drop or reversal. There were even some TA that says a 20%-30% dip is possible.

But I voted for a reversal, not to burst the bubble, but it seems it's hard to maintain this phase as we are not yet in the halving. It looks like FOMO for the outside. But let's see and hope that I'm wrong here.

I voted for No, this is already March, next month we will see the halving activity already. So I'm not seeing the bulls giving up their position. It's kinda late in my opinion. And I think we have seen the reversal happening around January when the news of the Spot Bitcoin ETF approval went out and when we are expecting the price to rally it reverses. But now both retail and institutional investors have one goal before the halving, and that is to see a new all time high. We are very close more than $62k already and still going on. I'm not TA experts, but this is what I'm seeing, As for the sentiments,

https://www.talkimg.com/images/2024/03/01/yawRG.png

https://www.cointree.com/learn/crypto-fear-and-greed-index/

This would be one of the most crucial month because Bitcoin is hardly 10% pump away from breaking the previous ATH and set a new ATH if it happens this month then most of the people will pour in more money as this would be considered as bull market because last time when Bitcoin broke previous ATH it's new ATH was 300% more than the previous so people wouldn't want to miss this opportunity and this will increase the demand and thus surge the value of Bitcoin even further. If Bitcoin doesn't break ATH but still if it manages to trend above $50k or $55k that would still be a good number.

A big challenge for Bitcoin to sustain its momentum until the halving and as expected by many, reversal/correction are more likely to happen. Bitcoin has to stabilize for now because it pumps that much already. The halving is about to happen, and the usual cycle is that the price dumps before the halving so this might happen and we might see it this Month of March. This will be crucial for the crypto market but looking at the current trend, we are still heading to the big bull.

Oof man...  Flush late longs out then let it go super nova then break out above all time high and leave most of them behind.  Would hate to be in that spot.  Lolol.  This time around I'll just hold spot and not fool around leverage.  I'd rather trade memecoins than trade with lev.

bitcoin halving has been priced, the peak this time is $65,000, and unless there is more speculation that might push the price higher, in March we will witness the first correction in the price of Bitcoin after several green months.
Speculators are selling Bitcoin against stable currencies, which means that some of them are starting to lose the price momentum in the coming days. Therefore, it is normal to see that the price touches the support level several times. If it is broken, we will return to $52,000 quickly.

I think the polls are good, I vote still up. There are several reasons that may be relevant in my opinion where BTC has not yet reached its ATH a little more and I am sure that over time it will be reached in March where the global crypto market capitalization has now only reached $2.33T, only increasing 0.33%. If you look at it on a weekly basis, it is true that the increase in CMC data has reached 20%, but the opportunity for BTC is still quite big to catch up, especially if the resistance breaks the 62K range and prepares for 70K for sure .

Bitcoin price is likely to rise again in March 2024. Because the price of Bitcoin is seeing an upward trend of Bitcoin from January 2024.  Therefore, the price of Bitcoin touched a maximum of $64,000 in February. It is still around 62 thousand dollars. If the price of Bitcoin starts to rise at this stage, I think it will definitely touch $69,000 in 2021.

Though I've been hearing about contrary opinions as some already believed we could have a new all time high right from this month henceforth before the halving begins while some were already saying that we are going to have more dip but in a little experience, because the market already have been on the bull and we needed a bear to sustain the probability of us having more bull when the halving approaches than we now having the bear market after all hopes is already on the bull market.

there is no such thing as too much increase in price.

In fact we need to be at about 80-88k by the ½ ing this would mean no miner struggles which would really mean this time it is different.

I suspect that we breach 80k before may. I also suspect we do not retreat much at all once we get there.

I suspect well over 100k by Dec 1,  And the 2025 numbers to truly be good.

I want to say that we will not experience a reversal, looking at the flow and market sentiment is quite interesting the last few days and weeks in February showed a significant increase, and I think we will break the ATH, and may pass up to $70k, and print a new ATH at this halving moment.

Even if Us does not sell the confiscated bitcoin now, because the amount seized is quite a lot and will affect the bitcoin trend, but I'm pretty sure if that's the goal of selling, they will sell during the halving or a few days after the bitcoin halving, if the goal is to sell to the market.

I really hope so that all your suspicions will materialize because I already advanced booked a vacation to prestigious island resort to my country on upcoming December using my current profit that I take on some of my holdings.

I’m expecting this mega bull run too on next year. This is the reason why I still hold the majority of my Bitcoin holdings that I purchased since 25K and DCA until 40K. There’s still part of me that an unexpected major correction will come before we hit this kind of bull run tho because many of this trader from ETF might possibly a weak hands because they should be buying real Bitcoin and hold hit to non-custodial wallet if they really want to invest on Bitcoin genuinely.

Goodness me, that Bitcoin price chart certainly resembles a rocket ship preparing for blastoff! This impressive upward price action seems rather extraordinary based on recent market activity.  Perhaps we are on the cusp of witnessing fresh all-time highs before month's end? If so, should we fasten our seatbelts?

I shall refrain from making further market predictions (they're usually wrong anyway)!

As we can see bitcoin is breaking grounds this month of March. As we see from the chart just this two days in match from 61k it took a move to $64k and then a reversal interplayed that the price dropped to between  $59k and $60 where it seems like a support point  to me with a current consolidation price at $61 am not sure any reversal is reoccurring anymore then next is going to ba above the previous ATH thereby creating a new ATH upwards.

This March, I suspect, is still closely related to the situation at the end of February. Yesterday the price should have reached $64K but was unable to break through and returned to $60K, even though now as I write this the price still feels reluctant to go above $63K.
If the situation at the beginning of March or in the first week of March is still like the current situation, my estimate is that March will not be the same as what happened at the end of February.

Bitcoin price is bullish as the highest price has been touched for halving, an early sign of the current bitcoin price increase is that the future bitcoin price has reached an improvement level. $150k to $170k was much more likely, as the price was certainly more likely to touch $69k in the current month prior to this bitcoin hiving in March.

Bitcoin price has increased in the past such as the highest Bitcoin price increase since the beginning of 2024. So there is a possibility to get bound in March, another 1 step Bitcoin growth and possibility. If this step increases the price of Bitcoin, it will surely touch $69k

Consolidation of range back to 58k and upto ATH I think is a reasonable boundary of movement.  Presently theres a flag formation indicating further possible movement upto the ATH but I think we do level off with some selling at that point in time.

Its been going sideways so much its got many moving averages running in its path.  When we get the weekly moving average catchup that might promote more movement then now, its a period when usually traders close out any position not earning for them even if its not losing either because all trades cost in leveraged interest and capital requirements so time is money.  That would be 58k but 50 day average if we were wanting to touch that base first is all the way at 50k and will take more then a week or so to arrive at current price action so that might be the best guide for March now.

Bitcoin price will surely rise by the beginning of March and the possibility of touching 70 is very high. And once it touches 70, Bitcoin price will be dumping because the halving time has arrived. This halving time will create an opportunity for investors to marry, this is the opportunity for all investors to invest their money as the peak bull market of 2025 awaits. So I think the price of Bitcoin will definitely increase early in March.

So in my opinion the current small correction marked by a bearish pattern such as a double top or head and shoulders can be considered a dip signal, however conditions like this are temporary and can be considered as a market balancer for further bullish growth as you also mean and that also makes sense in my mind.

Referring to temporary polling data and differences of opinion in terms of predictions for the BTC Sentiment Poll for March above where the results of the dominant poll conducted by the OP showed 62.5% said that at this time no, in my opinion it is also temporary because it refers to what has happened before, once Again I am very confident that BTC for March will be able to achieve this and we will see Monday how the market reacts again

With the way Bitcoin has started to rise, an all-time high is not far off. Currently, the market is in the $62,000 range. Two days ago we also saw the market standing at $64,000. If it stays at $64,000, then the price will not have to rise much further to touch the all-time high. If it doesn't reach all-time highs right now, I think Bitcoin will definitely reach all-time highs in the upcoming bull market, but it is estimated that Bitcoin can go from $150k to $170k in the bull market. My point is that market analysis alone will not be enough for us, we must invest along with market analysis. If we can go ahead with the investment, our predictions will come true.

Considering the way price is rising rapidly every day setting a new record after a long period of tiny rises, we can already say we are in a bull market with a very nice momentum that I don't think is going to slow down that easily.

The price of bitcoin has been pumping rapidly for a while now with little correction and you can see quite the resistance to break out of the 62k range, I'm quite expecting a major correction before or after this month cause in past times bitcoin price normally dumps before the halving temporary, but I'm not quite sure when this would happen, it's also possible that bitcoin would dive into 70k before this dump happens or even higher and I think the dump should last for up to a month before or in the halving, it's just my speculation no real facts to back up the hunch.

It’s seriously the safest way out of this, leveraging at this period will require a very tight stop loss to me. Look at the liquidation heat map you will see how much has been liquidate due to leverage.

For the price speculation, I will be speculating a new all time high before bitcoin halving. It could be this month because the hype is still massive at this period of time and with halving coming up soon many will want to bag more, while newbies will FOMO. I had expected a huge price correction at $60k mark but with that resistance and that of $65k broken. Before the end of March I see us hitting $70k and then a big corrections will take place

Ser, if someone told you that at least one government entity, that's not El Salvador, has started purchasing Bitcoin to HODL in their vaults, what would be your opinion? Would you believe it?

Because Bitcoin, as a financial asset, has become more Gold-like than Cash-like, government entities might be starting to bid. Plus Bitcoin might have changed from the way Satoshi wanted the network to be, but that's because of the whole design, from the incentive structure to the transaction throughput.

So as I write this post Bitcoin passes $67k ↓ doesnt that weekly chart look impressive?

https://talkimg.com/images/2024/03/04/yM5kq.jpeg

This influences my sentiment for March! I think we are just going to keep going up,
there will be a few breathers and some long and short liquidations but overall its
going to be a super bull run.

Its still over a month to go before the halving and breaking the ATH this week
is a reality. Something which has never happened before.

The longer it goes up, the more like it to correct, that's the rule. Reaching the peak of  the cycle will never be a single upstreak, there will be major corrections. Halvening is typically a sellf-the-news event, so if by then there will be no correction I expect it to happen during or after it. But I think that already in March a correction is very likely, if it would happen now it would bring the price to around $45K. Also, the ATH will be a major psychological barrier at which some investors will take profits.

These 7 voters who have voted that there will certainly be a reversal, what are the reasons? It would be very headshaking if they are voting without enough information because according to some people in social media, Coinbase is leading the pump on buying bitcoin on the prices more of than $60k. If this is Blackrock's twaps again, this pump will certainly continue higher.

I don't see any traps with Bitcoin right now, what I can see is a breakout. The all-time high is the resistance and it is being broken.
So for me, once we just go pump above the current all-time high. I expect a massive run will commence.
Well, let's wait for a few days, it could be a bloody March.

It's actually why it's called a "Black Swan". We never know when it arrives, it merely arrives unannounced and it always traps 90% of us plebs. In the legacy markets, Bill Gates, Jeff Bezos, Mark Zuckerburg, and probably more of the people behind those tech giants have been selling the stocks of their own companies since December. Why? What do they know? Tin-foil hats on, the inflation print for the next few months will be an indicator if Jerome Powell will actually raise interests again. Plus the surge in the legacy and the cryptocurrency markets indicate that there's extra demand left, and everything might remain inflationary.

Ah you are right, there will never be a constant uptrend or a weeks long mountain of Green candles,
we already saw a few hours ago a "correction" as some people would refer to it but I recon it was
a move to liquidate long positions by dropping to $65k or so and already we are on Green again.

But for March I think the sentiment ^{for me at least} is for predominantly Green candles,
thats like still approximately month to go before the halving. There will be questions asked closer to
the time like "is the halving priced in?" I think the answer will be definitely "YES"

Not yet though, we haven't broken the all time high yet, although we are very close, and most likely it could be done for this month. And the timing is that if we break the previous all time high, it could be that we are in the block halving. And so if that happens then there could be parabolic rise in April and this year.

Of course, we shouldn't be that complacent, but the feeling of the market is very positive right now. Retail and institutions are pumping it very hard, but in any case there will be a reversal, I don't think it will be huge as others might have exaggerate it. Buyers will be there in this kind of movement, just like what we are seeing in the last couple of weeks. Everyone wanted to get a piece of the action.

Bitcoin price is very likely to peak in March. As the price of Bitcoin has already touched 65.6k dollars it will touch 70k by this March which will create an all-time high. Those who are still without investment in Bitcoin, participate in investing quickly. There is still plenty of opportunity to benefit, as Bitcoin will break the new 2021 record and set a new March 2024 record.

The way Bitcoins have started this month is really impressive. All the long term holders were eagerly waiting for this moment. Bitcoins have broke the ATH price for many currencies, the USD ATH price still has to be broken by the coin. I am expecting Bitcoins will cross 75k usd sure by the end of this month if this pace is being maintained. I see more people are buying the coins and holding it. Hence, definitely the price will go more up. Let’s hope for the best.

Quite interesting to see the votes are close to each other. I agree on both sides, it looks like it may do well, but it also looks like it may not do well as well. I feel like it should be something that may take some time, and we need to really make sure that we are dealing with it properly.

The price has gone up so much that, we could see the situation to be different, like maybe it will go down this month because it has already gone up so much during February. OR maybe it won't, we really don't know, maybe it will keep going higher and higher, we really have no idea which one it will be. Based on what we see, there should not be really something that could change our perspective. We have nothing but just waiting and seeing what happens.

seeing the votes are even? I think the sentiment of the forum  is divided into two.
What I wanted to hear now is that are we having corrections now?because it seems that
We have a huge pump recently and now we are dumping again so I have this in mind .

And that's what we wanted, to peak this month before the halving. But looking at the price right now, it's on a decline and probably the first time that we will see a red in 24 hours as we are blasting from $50k-$60k++ and almost broke the previous all time high. So let's see what's the market reaction here, the market is really FOMO and even is greedy. But if this is the start of the correction, then it could be dishearten some investors. Nevertheless, it could be a great time for smart one, as it's a perfect opportunity to buy again. And the question is, how deep this correction will be? Will it go down hard just like what others have predicted to like 30%? Or this is just another profit taking as the price is really too high and then those who have sold will re-buy and re-invest again?

    No.
I don't think bitcoin will reverse before halving in April.
Looking at the  information the chart is delivering bitcoin will keep rising,more investors are in the market of which liquidity is building and bitcoin hasn't taken any liquidity.
 Let us watch the chart and see how it plays out,just hold and buy but possible correction should be in April reading from history though.
The factor that is driving the market now is greed and Fomo which will push some persons to make mistakes.

I know right?  :D  I'm thinking it's no longer sentiment but what they really want to happen.  The yes guys might be sidelined, under sized and want a huge sell down so they could get in.  On the other hand we of the people who already got everything locked in and want it to go beyond all time high and be comfy.  ;D

But looking at it now, it looks like the trend isn't slowing down anytime soon.  :/  But still a long way til end of March tho.

Yeah most of the yes guys are probably undersized in their portfolio and only wishing for the market to correct abit so they could get in, but in my opinion its a bit too late to be expecting that and how much price correction can we be expecting at this moment, I don't see a 30% to 50% price drop happening in this up trend and the momentum of the bull seems to high to be slowed down any time soon, IMO any one that is undersized should take advantage now and still buy its not as tho we have reached the highest  point of the bull and yet we can't predict so at this point it's a 50/50 risk that the trend could fall to any side, but yet I'm don't think it would go too low for anyone that is too undersized or doesn't have much capital to take advantage of.

I also voted for for the yes, but I my case it was just expecting some corrections cause I think some early investors from 25k-35k range that invested huge might be thinking of sell and you know bitcoin is always clouded by a bit of uncertainty in what to expect so some weak hands might want to cash out now and bag the little  profit they have got, but I think everyone is quite convinced of 100k this bull run and it would be quite too early to sell at same time.


Yeah most of it it's greed and fomo but the other is just boost from the ETF and new investors coming in, many big companies are in and still buying and right now I think some huge companies are now actually in control and can cause big movements in any direction, like the recent case of Grayscale selling that caused the price to drop for almost 2 weeks early January. Infact this momentum we are having here is Currently from the big companies, I don't think retail investors like us would have given the bull this energy and momentum we are having now. And that is why we have to be more careful not to get caught in the Web of excess fomo or greed least the bear sets on us.

I would say that people saw the increase as "a little too much" and to be perfectly clear we did have a crash right after going above the ATH price as well. I am not saying it will keep on going down, it may or it may not I really don't know, but it is clear that we are not having anything that would be too dangerous on the side. So this made some people be a little afraid of the price, and I understand that.

I am still on the side that says it will keep going higher, I have no guarantee about this and I could be wrong and people who say it will have a correction could be right, I am just talking about what I believe will happen but that's about it, I have no other reason. I just think it will do just fine for the next few months.

Trend continuation is the most likely outcome not reversal, thats why a trend is taken so positivly in that it will continue most of the time.  To take the opposite view and we do not find price following its established trend then we have to identify clear reasoning and a show of the price action outside normal variance.  BTC is very volatile so its hard to call a normal sell off as especially out of the ordinary.

We arent close to a reversal yet, in fact I recognize this current price action as very strong and indicating we are likely to properly make a new price beyond ATH.    The manner in which we test the boundaries of current range gives us a clue on the strength but so far Bitcoin has been strong if still volatile.

^  Lol yup!  For a time there the market was looking like it's starting to show signs of a huge drop but a day later like some whale bought up all the coins that were dumped and then some then said 'nope, not today...'. :D :D :D  Now that could force the guys who are sidelined to buy way higher than at the price they wanted but then what usually happens when they lock everything in..?  The whales sell their bags and they guys who just bought get trapped.  :/  It's almost always the case in the these things.

So yeah...  Stay safe out there guys.

I am for NO , because march seems to be the decision maker in this season as the Halving is a month before to come ,
and I am positive to what will this market can bring , at least to see what will this whole march will happen.
If the price goes down to 64k again ? maybe I will consider leaving for a while knowing that dumping is to come and the halving effect is to be waited till 1 year.

Still bullish but repressed below this ATH level, 66k I would call out on 4hr bars for local significance in terms of holding high or moving to a lower range in this price action.  A move equal to the March 5th sell would be 64k which is where the weekly average is now.  Of course I had been thinking we could retrace all the way back to the 50 day average but nothing thats occurred in this month makes me think this is occurring now without first attempting higher.

If we do break 68k higher, fail to hold then you have a red flag big enough to sit up and start being nervous.   Just this amount of trading back and forth here is a idling and not important till we break this range.  Sometimes Bitcoin will go sideways without resolution for some period and patience is key to understanding and holding during that period.  Im guessing on some sell around April probably within that month or maybe after despite halvening I think that is possible but not yet is my personal take.

If that will happen in March then that may seem to bring dumping in halving ?I also see that the next resistance is 75k and upon this kind of movement now then it is either we will reach another ATH before halving or wr will start falling as what the other same season happens every time Bitcoin miners halving happen that the value dumps and the recovery sometimes taken months or even a year.

If bitcoin surpasses $70k, it means it has made a new ATH and created a new cycle, and there will be no more resistance at $75k for bitcoin. But the scenario if bitcoin rises to $75k before halving and is dumped afterward is entirely possible. Remember what happened when ETFs were approved. While everyone expected higher gains on news of ETFs being approved, bitcoin fell to $38k before rising to $69k in recent days. I think it will happen again, when people put too much hope into the halving, market makers will make things go against what the crowd thinks.

If we talked about new all time high, yes we have unlocked it already, so we are in a new cycle as we have never seen this kind of bullishness pre-halving. I guess that speculation is over though, I mean we have seen the price skyrocketed after the approval of Bitcoin Spot ETF and there are even those who said that's already price in, but I think otherwise.

But base on the votes, there are still members who are cautions, and thinks that there could still be reversal to happen. Although we've seen when the price goes to $61k. But I guess they are waiting for a big correction, one leg down before the block halving. But it seems that this have been invalidated already and there will be no major correction. On the contrary, the price could continue to go up in the $70k'ish this month.

Looks like My votes becomes tie breaker  ;D

Bitcoin this year really having a unpredictable stages , now its stable at 67k and looks like stagnant for couple of days now.

In this also is the time that we are in status coupe and with that? I am keeping my eyes in market because if by chance I will buy low sell high lol.

Hahaha yeah that's what I meant , well actually now I feel what you are telling here
about not slowing down anytime soon because we can obviously see that the market is still
holding to its level now.

And those Yes guys seems to be seeking for how much they can drain the market
but sadly they are not winning as of this time.

Touched a $70k today, but fell back more again. We have actually set a new ATH at that particular price but once bitcoin gets there it definitely falls down again. Which signifies that there are many sell options creating a strong resistance at that top for now. Also once the price fall it gets to $60k-$65k it stops which signifies a strong support at that level too. I have been watching the price for a week now and it keeps this ranging like that. So for now if you’re looking for a low I will simply say set a limit at around $62k to buy because that’s the lowest range for now I see bitcoin coming down too until we reach probably a $80k where I feel heavy sell will bring it down a to below $60k region. But still this prediction cannot be certain so rather do a daily DCA it is more secure

Closing March in profit would be something unprecedented. Never in the Bitcoin's history we have had 7 "green" months in a row. The previous longest run was 6 months in 2020/2021:

https://talkimg.com/images/2024/03/01/fGz6J.png

Credit to Cygan (https://bitcointalk.org/index.php?topic=5143411.msg63741414#msg63741414)

But I can't see why this record can't be broken. We had that ~11.5% dip on 5th and I thought the market would cool down, but the price recovered nicely and we broke the new ATH. The market mood seems to be positive but the volume dropped down a bit, which is never a good sign. If I had to bet, I'd still say that we'll end March in profit and the price will stay above the opening ~$61k.

The All Time High has been broken and for the first time in history, the ATH is reached not a year or more after the halving but shortly before the halving. This has not happened before but the bullishness of this year has made it possible.

But the more interesting thing about Bitcoin's history as far as its price is concerned is that once it breaks the ATH, it doesn't stop there. It usually goes beyond the ATH, a little further. If this happens this time around, $80,000 is possible before the halving. And $100,000 will finally happen sooner after the halving.

Yes, it will continue to increase, and I think the 2021 ATH will be surpassed in a few moments, because bitcoin has already shot above $68K and is just waiting for the moment to reach it.
Because during the halving period there could always be another surprise caused by bitcoin until it actually enters the halving. The halving is still 40 days away, meaning it will pass the end of March, and it could be that at the end of March there will be a surprise and $75K is certainly something that can be achieved. We are waiting for that and hope this will also provide movement for altcoins.

It is interesting that we are already testing the resistance that used to be previous ATH and doing it this soon! It's like yesterday when we were discussing whether price is going to go above $30k! In any case, if this resistance is broken in the coming week or two, we can expect a new ATH possibly at $80k before this month ends (ie. in 4th week of March) and follow with bigger rises in the coming months.

I'd like to see the price mostly stay in the $60k's this month. Like maybe spend a week under $60k during a correction, and finish the month back in the mid-60k's. Build up a bit of a base at this level, like price did the first few months of 2017 around $1000.


Crashes come when people start looking at the chart and saying to themselves "this can't possibly continue!" If price can chill for a month now that'd be nice. I'd rather have a long bull run reaching well into 2025, than the market shooting up so early like this and petering out by this Fall.

But so far Bitcoin has completely shrugged off the couple of attempts at a correction the past couple weeks. I guess maybe we'll see it shoot up further to like $75k-$80k before it gets high enough for a real correction to take place.

The current cycle might be the actual cycle that those "Moon Boys" have evangelized about when "the billionaires from legacy finance" will truly commit themselves to Bitcoin as a Store Of Value asset whether it's through actual HODLing or if it's through the spot ETF. Six digits is HIGH probability now.

Plus it will not only be the billionaires. It will also be government entities too. 8)

They will FOMO like plebs. Congratulations to the HODLers, you frontrun the billionaires.

Good call on the consequetive months being a new record, there is some reasoning to call a pullback as quite fair and even at this point and its not the negative one could presume in that moment.   Larger picture we can pullback quite a way and its still good price action further out. 

At this moment we have tried and failed to mount the 68k level and find it as support.  We have not seen Bitcoin close above ATH and stay there for important closing time frames such as the daily bar.  However the first attempt not succeeding is not weighing in as extremely negative to me, I think we can keep trying and its not yet lit up as a failure condition just yet.

Overall BTC remains strong, I still assume we can move higher even though we are quite extended from prior gains in a short period.

Bitcoin officially surpassed $70k yesterday but then quickly dropped below $70k. It can be said that we have officially created a completely new cycle and things are becoming more unpredictable than ever. As for whether bitcoin will have any major corrections before or after the halving. We need time to answer because you and I or anyone else are just making our own predictions, no one has evidence to say that what we say will definitely happen.

Personally, I would still wait for bitcoin to drop below $50k again to collect the cheap bitcoin one last time.

The feeling of many in these moments without seeing many indicators must be one of expectation because the ATH that is at any moment can go much higher, I don't know how much, and I don't know if there will be another ATH at this time, but it is very possible that those Those who did not take advantage of buying cheap must be sorry , but as I say, if the lowest price that the ATH is , They should buy, they are on time, it is the last chance, because when it starts to go up more it will be quite a feat, I really have always I thought that things are Better if we do it this way, the mistake that many make is that most people always do things the other way around and with their emotions, and that's bad.

The general feeling is one of expectation and hoping for the best because many are waiting for the good new ATH, we must also be gullible, just as it can go up it can go down, that cannot be ruled out.

Based on Coingecko, we already have a new ATH at $69,427.72. Some said that it reached the $70,000 price already, but I didn't so.. yeah. :P
https://www.talkimg.com/images/2024/03/09/y4ktv.png
TBH, I'm not surprised that Bitcoin's price will surge, but what I didn't expect is the fact that Bitcoin's price is near its ATH already, and the halving event isn't finished yet. Don't be sorry for yourself OP because I am also surprised at what's happening with Bitcoin in these past few days. I really expect that Bitcoin will stay at $50,000-$60,000 this month, but I didn't expect that it will try and surpass its past ATH, and will try to reach the $70,000 price range.

Fortunately, many sellers near the ATH's why we aren't seeing its price staying above $69,000. My prediction though is that, whenever those sellers are gone, many buyers will come and try to buy near it's ATH, but based on history, Bitcoin's price will be going down after the halving event.

I feel like the most important part of the march period will be something that could change a huge amount. I am not saying it will go up, maybe it will go down but it feels like we are talking about something that could be huge, so it should not really be a shocker to anyone at all. I think the best we can do would be just considering what we have, and not really end up making big changes.

I hope to just focus on whatever the price will go towards, whatever movement it is, I feel like it could be huge. We may see 80k+ suddenly, we may see under 60k suddenly, both seems like quite possible in the end. I believe that we should be considering the deal to be a bit more like just quick big movements, direction is not that important.

^  With the way things are happening as they are now, it would be far fetched to think something like going below 60k don't you think?  It's like setting yourself up to take your money out of the market and leave a lot more on the table for being too cautious.  Dunno...  But it's prolly a good decision if taking some money off now makes you feel better about the trade.

Anyway here's what the poll looks like so far...  I will be locking it on March 15, so if you haven't voted please do if you want.  Stay safe out there guys...

https://i.postimg.cc/xCyJH7b2/81-E5-FC5-C-72-DC-4-D81-81-F8-840-F21-E08-F43.jpg

Bitcoin broke history by creating an ATH before the halving so I think it is no longer correct for us to continue to rely on history to predict what will happen next. But I also think bitcoin has a sharp correction ahead, it won't happen this month or next. But after the halving ends, when people start to believe in the story that bitcoin will continue to grow stronger, that is also when the entire market will have a correction. But we should not rule out the possibility that bitcoin will continue to increase in price without any major correction occurring.

The more logical reason is that miners will withdraw their profits, after all they need to take profits for their mining operations, and yes they need money to live, some old holders are the same, who collect bitcoin in 2022-2023 will also sell their bitcoin after the peak price they have targeted has been broken.

And yes, the name of the market mechanism is not healthy if there is no correction, precisely the continuous increase indicates a market that is not normal, that's what's on the mind now, but maybe that happens after halving after all retail enters the market, and we will buy again during the second accumulation period after halving and forming the ATH of the 4-year bitcoin cycle, that's if based on history, but what might this cycle be different from previous cycles, who knows right.

Hard to say. It's too soon to say that Bitcoin's cyclical price actions are things of the past. We had a huge, new factor added to the mix in the form of spot ETFs, but I think the upcoming halving will also play a big role in shaping up the price. If we don't see any major correction soon, the effect of the halving (even if it's mostly psychological as some claim it to be) could magnify the effects of ETFs and elevate us to much higher levels.

But it's inevitable that the 4-year cycles will go away eventually, that could mean that we won't see massive rallies again, but could also mean no 80% drops afterwards, and we could have a steadier but consistent growth.

Looking at the voting potential and supporting, I think the market will reach more bullish peaks. Because it is already proven that Bitcoin market 73.3K is the highest ever price touched. Prior to the halving I could never have imagined a price that is currently possible, so at current prices if Bitcoin prices wait until 2025 it will surely reach a 6 figure price which is more likely to be up to $150k.

I also voted "no" but the fact that bitcoin did not correct this month or will not correct soon is not because it broke history by making an ATH before the halving, it is not a signal for us to follow. In my opinion, with the money flowing into the market every day through ETFs, I think funds are continuing to want to buy more than sell. So this month or before the halving we will still see bitcoin grow and make a higher ATH.

Given what's going on, I expect the highest ATH this bull season will be $200k or more. ATH under $200k is actually a pretty modest goal for me.

In my view, April could signal the onset of the halving period, potentially leading to a slight dip in the market. This dip might offer an opportunity for increased market activity post-halving. While the timing remains uncertain, we could expect heightened volatility and more frequent pump events following the halving.

I've been saying the same thing. I think Bitcoin's cyclicality was largely overrated as a reliable indicator to begin with, but now when we have all that unprecedented demand from ETFs, the game has changed significantly. The pattern has already been broken, so anything can happen from here.
I think I'm sure that halving will still have a big effect on the price (either directly or as a psychological factor) but I expect we could reach the peak much sooner than before.


I think *some* correction is almost guaranteed, just by virtue of huge number of retail investors declaring their willingness to sell when the perceived top is reached. I don't think individual investors purchasing ETFs will act any different in this regard.

so you mean the highest price of bitcoin in the current bullish period is only around $70k? that means it is only $5k above the previous ATH because the 2021 ATH is around $65k. no problem, but in my opinion the current price is still too low. I think in the current halving period bitcoin will at least reach $100k.

Yes, that's really difficult to say because the future is unpredictable. But I will no longer appreciate the halving because we have already mined more than 95% of the bitcoins and only a few percent of the bitcoins remain unmined, so I think the impact of halving is not as big as before. I feel people are relying too much on the past and it has become a habit that is difficult to change, and we always thought that the halving would help bitcoin prices increase because the supply is increasingly scarce. But we don't look back that out of 21 million bitcoins, we have mined 19 million bitcoins, leaving just over 3 million left, which is not a very large number. Everything has completely changed and we will soon have to accept and adapt to it.

I understand where you're coming from and you're not wrong, but there are many other factors at play that will decide on how the market will behave. Just like the 2020 halving had x2 lesser effect than the 2016 one (in terms of block reward), but the price went x3.5 above that of the 2017 pump. The price is mainly shaped by the dynamics between the supply and demand. If there was an equilibrium at certain level, then slashing the supply even a little bit could drive the price up a lot.
Despite almost 94% of bitcoins being already mined, having 468 less bitcoins mined each day is still not trivial. And we still have psychological factors (and self-fulfilling prophecies) on top of that. I'm fairly optimistic, but yeah, anything can happen.

I mean April seems to be a better month to expect a huge rise. It is clear that March isn't half bad in some years, but has some bad years too but April usually had good years, doesn't mean it never had bad years but it mostly didn't, it was mostly good time to invest.

So I am guessing, even though we may see a correction in march, it could also recover and go beyond at April as well. So many years when price went lower at March and yet recovered and went so much higher during April. I am not saying do this, but expecting the price to fall this month, then buy, and hold all through April, and if possible maybe even May, could make you some profit. I could also be wrong and maybe you will make a loss, there is no guarantee at all.

Bitcoin of wonders in the month of wonders. I have marked March and it seems to be a month of wonders. I could remember something spectacular had also happened in match last year. I voted that there will be reversal. There's no how the price will spike in such a manner and continue in upwards trend. It will have to cool off at some points and consolidate to build up again. But in general, it's gonna be a good year all through.

Something different could happen immediately after halving, just like as it did immediately after ETF approval.

^  So if it's gonna be a good year then the reversal you're expecting is not a real reversal?  A reversal means the end of the trend and it 'reverses' to an opposite trend.  :/

But yeah...  Seems like it's not over yet.  Look at the chart, switch to monthly and check out the previous candle body high.  It looks like it's gonna be immediate support folks.  It's not over yet.

Edit:

https://i.postimg.cc/Y99G6wfT/85-F03-F7-F-90-FB-4041-9076-1735-BE1-ED984.jpg

In March, the price of Bitcoin rose to an all-time high of 73K. Currently the greatest ever and set a new record. And from there the price has moved down to 62 now which is a pattern of the beginning of Halving. Because it will create opportunities for investors to gain success and profit if the price rises later.

These just the major issue of many failure or falling if many dreams and life pursue if human, when the spirit of doubt,fear and double minded which makes man unstable enter it deminishies achievements.

The best is the allow the supreme power called faith to control everything, the faith is the first though that it will be a success that second thought saying are you sure is that doubtful spirit of failure. I don't look much on chart after drastic decision because much on it may linger to such double minded.

57k to 73k roughly for March range and its done well in recovering today from the lows at about a monthly average roughly.    So now its back to the weekly average and slightly negative by that measure, I assume we establish a sideways range.   Eventually 50 day average will catch us up, its about 57k at the moment so that trajectory is moving us into April hence I think March doesnt lead us anywhere especially for the moment.

Yes, just surprised again to see the price going into $68,000. I didn't check much of the price, last time I checked and I'll be honest that I was shocked is when the price nose dive to $62,000. But it's obvious that recovery is on the way now and so $70,000 will be the target of the bulls at least at the end of this month.

It did lead us to $73,000 for this March, so that's all good. But if we question if we can achieved higher prices, remains to be seen. The market is still volatile as this, anything can go. We still have like 10 days to go so if we remain positive, then maybe can breach that price without problems.

When this thread opened many people said that March would be bullish and some said it would be bearish but bitcoin has thought us a lesson that it has always been teaching, I'm fucking unpredictable, no one can actually predict with accuracy the outcome of bitcoin price unless for sure there are some facts that revel such .

Yes, it's volatile and unpredictable, but it doesn't mean that we will not make our speculations on what is going to happen this month. And this is the beauty of Bitcoin I must say, everyone is very opinionated, maybe it could be wrong and others are mocking, while there are some members, respected one who shares their TA and yet we can go against them and argue.

But as far as the goes today, $65,000 is still very fine. Above this price and we will be ok entering the block halving. And as we reach new all time high prior the halving itself, who knows, this bull run is going to be another surprise to us.

To be honest by looking at your chart on monthly candles kind of makes me nervous hahaha why it is because there is no single correction for a 6 month strike  :o Tho I still like it when Bitcoin reaches its new all-time high but my heart is now at fast-paced hahaha maybe at the moment the best things is to sell some of profit but not all and make those profit to buy more when there is a correction after it.

After almost 2 year hit by the bear market now the bull is trying to fight for its legacy. Long Live Bitcoin  :D

This is what I think is the highest rise in Bitcoin price right now before the halving. Because there are only 25 days left for the halving to take place, Bitcoin halving will take place in April.  If the current price of Bitcoin does not drop, investors will not have the opportunity to buy Bitcoin before the bull run begins. So now is the best time to buy Bitcoin because from here the bull market will confirm Bitcoin price to 150k dollar in 2025. But I think 73.6K dollar is the highest price increase for Bitcoin this March.

Yeah the monthly chart tends to look that way.  But it isn't true that BTC isn't having any corrections tho.  Switch to weekly and you'll see some and there's a lot more at the daily chart.  We're having one correction right now come to think about it.  Lol.  But I get what you're saying, it does look scary. 

We prolly see our fears happen on April before the halving then up only?  What do you guys think?  I feel like it has to go down before it could go back up.

You have some good points and I agree with most of them, but it is not in all of them, especially in the aspect of the reason stated to back your points up with facts that you have solid backing for them. It's true that Bitcoin could be getting harder to predict, yet, it is predictable especially if you shun the side attractions, especially online and the tradition but focus on the technical analysis and current happenings that are verifiable and impactful. They can be very useful this time and will avoid issues for the investors. Our Charts Don't Lie unless we read them wrongly.

Like you, I do not expect much from this year's halving, but the reason you have is different from mine. Your reason regarding the little left to mine is not so genuine since it was also a little left to mine in the last cycle but see what Bitcoin did? I believe the having is beyond what Satoshi meant it for with the latest happenings, it is now a tradition where people bring in money to buy Bitcoin. Whether miners have mined up to 99.99%, that tradition will not die. That's how people think and behave, they see it beyond the mere economics of scarcity that Satoshi planned for it.

Regardless, my fear now is that Bitcoin has done what it has never done before in the past cycles with the way it performed recently. I doubt if a lot would change this time.

I would guess that looking back at 2020, which was the year for last halving, and if you look at from January to may levels, you will see that it started with an up, then went down, then went only bit of up not a lot, and stayed there for months, before ending the year with a new ATH.

I think we could "expect" a sideways market right away for months and months, before start going back up again at October to November period, and break ATH and just keep going up more and more until it peaks. That seems like the previous one, but remember, it didn't break ATH until December last time, it broke ATH during March this time, so there is a big difference between last time and this time.

the march is near to end bu looks like we are not going to see a reversal instead what I can see here is that  the opportunity to break ATH again before halving is there .
we have seen so much this march but the bitcoin action is not stopping here as it is continuously showing changes from here and there and from the whole market with altcoins as well.

Even though it has now reached $70K again and will be approaching the highest increase in mid-March, it seems I agree with your opinion that this March there will be no change. That is when the price was the highest and there will be no further increase. The increase will occur after passing the upcoming halving period, and it may not be at the beginning but perhaps in May and later, until the second new ATH will be formed. I agree that at this time, if you really want to buy bitcoin or wait after the halving, there could be a correction again. It all depends on you. In principle, buying and holding now is the right time because the ATH may surprise you later.

Despite that the price of bitcoin is unpredictable, I believe that any neither positive or negative can happen in cryptocurrency especially in bitcoin towards price, the price can interchanges at any given time. Its clear that whenever you are purchasing Bitcoin you should try to consider the market value or market price, so from my own understanding towards market of bitcoin it shows that bitcoin price is not trustable because it will rise now and fall in the next minute, so the pumping up of bitcoin price doesn't not call for any attention or awareness.

Nobody predicts bitcoin values because since all this why many people have been predicting that halving of bitcoin will be this month and after all we will not experience the halving, that is while I'm saying sometimes our predictions deserve some people who is new in Bitcoin and it happens that when we expect bitcoin to have a good sharp the price will not have a good shape.

Actually at this moment bitcoin is having a green color and I believe that for bitcoin to have a green color currently the price is skyrocketing to another, technically, two weeks ago the price of bitcoin decreases and every one who is into long-term investment became astonished in cryptocurrency market, right now the market is gaining its ground.

I also think that Bitcoin can still penetrate ATH again before the halving occurs because currently Bitcoin is starting to return to a price of more than $70K. So this could provide a new opportunity for Bitcoin to make ATH again this month and it would also be an extraordinary history for Bitcoin because in one year it could make twice the ATH before the halving. But if that doesn't happen to Bitcoin, I think the current price is also good enough to have an important effect on all other cryptocurrencies in the market because now altcoins have also risen again.

In any case if we didn't broke $73k, I think we are still good going into the halving. The price is now $70k, and perhaps if the bulls has enough push here, we could get to $71k. But if now, I think as I have said, the bulls have push the price to much this March. Just a couple of days before the end of this month, would love to see the price hitting at least or in the borderline $70k. So halving is approaching and hopefully, everyone is ready for the bull run. It might not be an immediate jump to 6 digits as we expect. But the next quarter and at the end of the year will be very exciting for us.

Oh yeah, I see a correction on the weekly candle but still in the monthly is all green :D compared to in the year of 2021-2022.

Halving is a less than a month and I believe there will be a major correction and the worst-case scenario is to touch the 56K level but I doubt this happen after the halving. altseason is gonna happen soon despite almost all altcoin is saw huge jump but they not touch their previous ATH yet.

So in my opinion when bitcoin had a correction it is the best time to go all in for ALtcoin and maybe buy some of bitcoin too


I  ;D always want to see bitcoin reach 90-100K this year I dont have a lot of crypto right now but I want to see the bitcoin reach those level in this end of the year or Q1 of next year

Few days to the end of march, the price of Bitcoin has bounce back to $70,000 few hours ago which is a sign that next month will likely be a better month than this month of march, because if the green light continue displaying till next month, it will make the price to hit $80,000 or $90,000 before the bearish season will appear.  I think, holders have saw some changes few days ago in the market when the price decrease back to $65,000 before it started increasing to this current price that is giving holders confident to continue holding until their expectations come to pass. Now that the price has increased higher in the market, it will not be favourable for Investors to purchase right now than to wait for the price to decrease back to $50,000 before they can manage to purchase and hold for long.

and besides there is nothing we can lose if we will believe of bitcoin either hitting ATH again or not because staying in 65k and above is more than enough to show how strong this currency is.

https://coinmarketcap.com/currencies/bitcoin/

If we are going to sell this time? its ok because we are in the high position and if we wanted to wait again its good because this market now has a crazy movement.

Sideways is the name of the game for March, its done that and kept a range pretty much the whole time.  No need to think differently right now, sideways is not a negative and I take it as a positive further out as it brings volume to all these prices which will help give a foothold in future attempts to move higher.

We could have lost this pricing around the middle of the month and it didnt happen so vs that negative breakout or breakdown in the range I find we have acted positively despite only holding in this area.   Gaining alot and just hanging is far better then the reversal that can easily happen especially with fast gains like this year surely must be classed as.

At the beginning of March, we only heard positive news about Bitcoin, but by the end of March, we were between a bearish and pumping. Bitcoin has broken all its records and set a new record this March with maximum benefit possible. Another step is if the price of Bitcoin goes for improvement this March, breaking the $73k record and touching $74k to $75k is very likely.

So far bitcoin performance this month is high, the market is still bullish we expect bitcoin to rally to $72k before next month. Bitcoin is gaining more strength, investors are buying and accumulating more Bitcoin and I would like to see Bitcoin  break the $73k ATH before halving.

After halving then we expect price to dump before massive bullishness.
This is the time we just get prepared for what is to come, rather securing profits which is way too early now.

So far for this month alone, we are up 15%++, but the strongest month so far is February, with a huge increased of 43%++. And yet we haven't seen the halving, the catalyst for a bull run, but the price is going strong even setting a new all time high already.

Yes, that is to be expected, halving is the trigger for a massive bull run, and next month we will finally see it and then that's where the fun begins. But in any case, at the end of March above $70,000 is already great price and we have to thank the bulls for that for pushing the price.

There were few things which going to have impact on bitcoin price and things are surely going to be stayed at the positive level for the long time currently we are in $70K and few predictions are clearly suggesting we are going to have $100K in coming days which is surely going to be historic landmark for this bitcoin March is having great impact with success even we have few bearish days but now again its back on positive side and things are taking good changes which are good with halving is also coming so if we have big been jumping this could be life changing for the many specially those were waiting for this from years.
Now just securing profit is not good just wait for this figure and then go ahead for the big amount this is surely happening, and we need to be prepared for this because this is important and most wanted time.

True, but I don't think this predictions will happen. I don't think bitcoin
 test $100k before halving, I expect to see that only after halving. But can be in   a range of $70k - $80k creating a new ATH before halving.

We are already near halving and there are no signs about positive sentiments or fundamentals on which it would really be causing up such potential price rally to $100k or even touching up $80k but well we do know
that Bitcoin does really love on surprises on which we dont know on when would be the next big movement or this one would really be continuing until having with this current sideways movement.
Now that we are fast approaching on halving event and the movement isnt really that too much. It is really that hard to guess or predict on what would be its next move if something like this.
We cant really be able to see some sentiment around on which we could really be able to based up. This is why it would really be just that depending on you on what are the actions you would really be taking.
Some might really be having that kind of hesitation on making up some positioning because even myself having those doubts that there would be some dumps.

Bitcoin has been going sideways for the past few days and it is making some people feel discouraged and impatient.  But as you also admit that bitcoin likes to create surprises and the $80k target is not too far away so I still think it can still get there before the halving happens .  100k$ is actually a pretty lofty target but 80k$ is actually possible before the halving . Personally, I remain optimistic from now until the halving takes place, and after halving there will be an adjustment, not a crazy price increase .

Yup it's funny.  The halving hasn't happened yet and we're up more than 100% from the lows.  Who would've thought..?  :/  And the more hilarious part is the people who don't think this time is gonna be different will this time be wrong because this time it could totally be different.  The equation might be changing and it's prolly a good time for everybody to notice it.

Stay safe out there everybody!  And Happy Easter for all you guys who celebrate it.

Every time is unique and at the same time the same :)
The similar part is that we always have a rise before halving. The size of that rise is always going to be different because it depends on the market situation. For example over the past year, bitcoin has been significantly undervalued (in a reverse bubble) so we should expect a lot more rises happening due to the "catalyst" known as halving.

Making a new ATH is definitely something we can see in the near future, there is no doubt that people will be hyped about it again and that should be the most important part of it. I understand that it is not going to be easy to accept it, because people will fear that it may go down again so investing into it is not that easy, but if we give it enough time then it will do just fine.

I hope that we could see it grow bigger and better, which should be the case in most situations, but as long as we have something like that working then we will definitely make it work. Not going down for a while is the most important thing, that will make people believe that the dip is done and we are just going up from here on out.

How sure are you about the price tracing back to $50k? There will certainly be a short bearish run but I doubt if the price will drastically drop that low till $50k, I mean from the speculation and talks on the crypto market, one would agree that the price hasn't even reached it peak yet although the previous ATH has been breached but there is still a high tendency for the price to actually hit $100k this year so buying now wouldn't be a bad idea.