This year is dumping ground for bitcoin

[TravelMug]

We can feel the prediction that the market this year will weaken until now, since March or almost 5 months ago the price seems difficult to pass $ 30k, of course many think that the bull run is still far away so many are selling immediately due to many factors such as impatient wait.

But we have to look at it this way, we are still in the bear market, and the lowest low that we have is $15,500 last November. So it we have reach $30k-$31k, then we almost double it already.

So I disagree that we are dumping, on the contrary we have recovered in the first 6 months of this year. It might have slow down a bit because that is already a huge  recovery. And as you have said, we need more patience, block halving is next year, so we need to wait for it as it is the catalyst for the next bull run.

[1714567353]

1714567353

[Asuspawer09]

All the time being this year has not really record a tangible price increase that's why people are dumping bitcoin for now. I consider more buy before now but I think is wise we use our wisdom to hold on or stay bitcoin idle for now, let's see what could have be the reason for this drastically continues price falling. Am thinking weather is reducing in figures, or other market products have reduced its value, or have America caught Satoshi and warn him to stop this bitcoin from gaining value? Talk please, but my advise is to reduce your buying strategies and watch.

The price of Bitcoin is already in a good position for sure, the price was just around 29k$-31k$ I think it could easily hold off until the end of the year for sure because we already see the market price drop but it doesnt seems to drop on 28k$ it just continues to stay around 29k$ which is a good thing because we can notice that the price is holding off at that level, to be honest price could probably reach 40k$ at the end of the year if the price continues like this, In already has a lot of momentum unless something bad happened or bad news drops online I can't see the price dropping around 20k$-25k$ again.

I mean for me I was really hoping for the market price of Bitcoin to drop around 20k$-25k$ because it's a good opportunity for me to buy Bitcoin at a discount and that just means I could accumulate more volume of Bitcoin. If investors are selling their Bitcoin then it's a good time for us to be greedy and buy more Bitcoin also a good opportunity to make a profit in the coming bull run.

[KiaKia]

It's possible that Bitcoin won't go over 40,000 this year but that's normal, this is enough time for the adoption of Bitcoin, we still have few months ahead before the next Bitcoin halving so I like that Bitcoin is very cheap right now, it's a healthy growth that the chart needed before the halving become a success.

I also don't think that we can go lower below 20,000 again, it's better to miss a bull season of you are new in this space but its not going to be a happy one if you are here in the last bear market and you are still waiting for a new Bitcoin low Price this year, you will miss the opportunity and by the time 2024 is here you will regret your decision.

$15,000 have been the best value per BTC so far, If you haven't start accumulating Bitcoin since the beginning of this bear market already you only have couple months left before its already too late.

[Joshapat]

Today the market dropped again almost 2% and my hope to see the price back to $30k didn't happen, many analysts say that $30k is a solid wall or like a rock in the ocean that is difficult to break, but if the price can pass $30k then a surprise big thing will happen, and the market will be difficult to stop like what happened in 2021.