That does seem to be true... There tend to be quite a few opportunities to get back in, but surely, there are also a lot of folks who become too greedy because they wait too long..
And, yeah, every once in a while, the opportunities to come in below a certain price point, become no longer .. .whether or not $53k to $59k become available or whether sub $53k becomes available is still to be found out, and surely, there are not going to to be too many times that I am going to suggest for anyone to wait, unless they have already bought at sufficiently at the current price point, such as buying in the lower $60ks may well give some luxury to wait to find out whether more is going to be buyable in either the upper $50ks and the lower $50ks..
Now the price of bitcoin had crossed the 60k lane,it allow the market to go low further.Because we had the bull run for the longer period,So being a trader we must understand the new market will move to 59k-53k dollars as you said.After the mark of 70k dollars,the demand of bitcoin was reduced.The old holding people started to sell their long holding bitcoin,this was the reason for the price decline for now.When the demand was reduced and the selling ratio was gradually increased means,it
automatically leads to the bear market.The reason is very simple,the new selling order was placed on the continuous way.
We don't go from a bull market to a bear market, merely because a correction ends up coming or the correction ends up being deeper and/or longer than expected.
Sure, you might be defining bear market different than me, but it sounds retarded to be flip flopping from bull to bear to bull, when the fact of the matter more likely lies within the context of longer trends, that so far in bitcoin can largely be framed in terms of 4 year cycles that have a peak and/or a low point per cycle and we cannot necessarily know when they are going to be and we cannot necessarily know that they have happened until they had already happened.
Another thing is that even though historically they have been 4 years, we cannot necessarily count on that either.
Sure, it is possible that this particular bull run (or bull market is over), but I doubt, and sure I could be wrong.
I think that the better way of framing it is that from Novevember 2022 to present we have been in a bull market, but we might not have had realized it until mid-2023 or perhaps even October 2023.. but in any event we are in a bull market, and so this price correction that we are currently experiencing is not taking us out of the bull market, even though we cannot know how deep it is going to go or how long is its doing to last.. and surely the deeper it goes and the longer it last, then it could end up taking us out of the bull market, but it seems way too premature to be flip-flopping around with claims that we are now in a bear market.
You can call it what you like, but I am going to call you premature and also retarded for making such assignments, unless maybe we start to get within 20% of the 200-WMA, then I might be willing to potentially concede that we might no longer be in a bull market.
And don't call me a hypocrite since I still have buy oders going down into the lower $20ks, even though surely, I would be quite surprised to even see below $40k, and I think that I was close to be willing to have bet on that previously, so maybe we will see dragonvslinux re-entering the WO space.
The price of the bitcoin was struggled to reach 30k dollars last year and was in the range of 20-28k dollars for longer period.Once the market was reached the 30k mark and gradually reach the 40k dollar in the 2024 halves,the price of the bitcoin increased tremendously and reach the highest capital of 70k dollars.
Any of us could look at the BTC price charts and we can see that is not how it happened.
Between November 2022 and October 2023, we have gone pretty much straight up to $30k-ish, yet there were a few corrections in there, so during that whole period we spent quite a bit of time below the 200-WMA.. yet right around October 2023, it seemed to have become more likely that a spot BTC was going to be approved, and it seems that there might have been some front-running kinds of buys going on that pretty much pushed the BTC price up from $27k to nearly $74k, with a few corrections along the way..
And, so yeah, we have now been in a bit of a correction since the March 13 high of $73,794 - yet so far that has only been around 6 weeks, and the correction has not yet gotten into any kinds of violent or severe levels since so far there has only been around 19% out of the whole deal with a low of so far $59,629 and with current prices seeming to want to go below those levels . but still we can still be in a bit of uncertainty regarding how low the price might go and for how long it might stay there.
Many expected 80-90k mark in the May month,but the reverse path was going on.
So what? Yeah, the momentum and the trend appeared at least we would get through no man's land, but so fucking what? it did not happen. None of the matters are guaranteed, even if it appears that the momentum is going in a certain direction, sometimes the momentum changes, and it is not always clear when the momentum has changed or how long it is going to last in terms of a correction. or even if some might assert that we need 30-50% or more of a correction rather than our so far 19%.. which is currently being tested (and just broken below) as I type this post... $59,068 as I am typing.. but in the middle of a falling knife.. so ... these prices do not seem to be holding very well.
This is just the stabling of the market,but some traders get fear and reduce the price further by doing the sell order and try to cash out their bitcoin to usd.This panic selling was the biggest blunder by the new cryptocurrency traders.The bitcoin is just going to stable at 53k-55k before the next bull run to the 80k target.
I am not going to proclaim to know how far it will go down and if it will bounce back quickly or stay down there for a while. It can be difficult to know, especially during times in which the price seems to be moving a lot (which seems to be the case today, with a correction of getting close to $6k in the past 18-ish hours.. and not currently seeming to want to stop.
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