Bitcoin is going down.

[YUriy1991]

So I want to remain you guys again that right now is not the time to buy bitcoin.

When the price of Bitcoin is falling, it is the right time to buy because you are buying Bitcoin at a discounted price.  It is more appropriate to say that now is not the right time to sell because of several reasons.

1. BTC price is plummetting so selling at this time might cost us losses.  Better buy instead.
2. BTC market has the tendency to uptrend so waiting a bit more is not bad.
3. It isn't a bull market yet
4. Price gets crazy after the halving so better wait for it.

@OP keeps on pushing not to buy when it is indeed the right time to buy and accumulate. 

Well, there's certainly some truth to that! When everyone is jumping on the hype train and predicting the moon for Bitcoin, it's often a sign that things might be getting a bit overheated. On the other hand, when everyone is bearish and predicting doom and gloom, it could be a good time to start accumulating. Of course, no one can predict the future with certainty.

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[goaldigger]

The rise and fall of bitcoin prices is a natural thing. In fact, no one can accurately predict the rise and fall of bitcoin prices. Therefore, if you are sure of investing in Bitcoin, then buy immediately. If you think the current price is low, don't wait for the price to drop further because we don't know how far the price movement of Bitcoin will go in the future.

Bitcoin’s volatility is normal, in fact any market that is being blocked by the resistance will always go dump, and with Bitcoin it is what happening right now. The price is getting cheaper again, a golden opportunity to those who want to increase their holdings, just like the others $25k might still happen with Bitcoin so be ready with your funds and make sure not to panic because Bitcoin will surely rise again.

[AnonBitCoiner]

Bitcoin is not going down but is going up although today its somewhat lower in worth but remember that bitcoin doesn't remains in lower state always and at the end of this year or at the start of next year there will be greater achievement in the price of bitcoin. And I think that signals for bitcoin doesn't matters a lot but every time is suitable for buying bitcoin.

You should buy now and then hold it so you will see that the future price will be more worthy as Compared to the present year. Single dump and pump does not guarantee the overall function of bitcoin but we should hope for the best as bitcoin always gives good return when hold for prolong duration.

[_BlackStar]

Bitcoin’s volatility is normal, in fact any market that is being blocked by the resistance will always go dump, and with Bitcoin it is what happening right now. The price is getting cheaper again, a golden opportunity to those who want to increase their holdings, just like the others $25k might still happen with Bitcoin so be ready with your funds and make sure not to panic because Bitcoin will surely rise again.

I just don't understand why there are so many people feeling worried about the price correction over the last few days while bitcoin is still on a bullish trend since January. Put those worries aside and do some accumulation if you have a lot of unused budget, and if this correction deepens then I think do more.

Bitcoin is getting closer to the countdown to the 2024 halving, so be wise in taking advantage of the opportunity. I'd love to save more budget to do DCA if bitcoin goes back to a price of $20k or lower.

[Ojima-ojo]

I agree that what is happening is not a real bull run, this is a short-term bull run, and Bitcoin could still correct below $20k anytime. But if I say that this is not the time to buy bitcoins, I disagree entirely. No one can be sure Bitcoin will drop again, it's all just your baseless prediction. And if compared to the old ATH, the price of $30k is a very good price to accumulate bitcoins.

I agree with the fact that Bitcoin price is unstable and that the bull signal in the last couple of weeks back was a short-leave bull tendency and the possibility for the price to correct below 30k for a while, but to say Bitcoin will decline below $20k in this current bear season is quite unrealistic and should be flagged off.


I think Bitcoin will go below the current correction price of 27k since that is the 3 months possible correction cycle for this period studying Bitcoin's previous chat.

I won't say that this is not the time to buy Bitcoin since most Bitcoin market specullators predict a further drop in the price, but then I will take the current price drop as a discount to cash in on the moving train for the next bull season.

[Fatunad]

I agree that what is happening is not a real bull run, this is a short-term bull run, and Bitcoin could still correct below $20k anytime. But if I say that this is not the time to buy bitcoins, I disagree entirely. No one can be sure Bitcoin will drop again, it's all just your baseless prediction. And if compared to the old ATH, the price of $30k is a very good price to accumulate bitcoins.

I agree with the fact that Bitcoin price is unstable and that the bull signal in the last couple of weeks back was a short-leave bull tendency and the possibility for the price to correct below 30k for a while, but to say Bitcoin will decline below $20k in this current bear season is quite unrealistic and should be flagged off.


I think Bitcoin will go below the current correction price of 27k since that is the 3 months possible correction cycle for this period studying Bitcoin's previous chat.

I won't say that this is not the time to buy Bitcoin since most Bitcoin market specullators predict a further drop in the price, but then I will take the current price drop as a discount to cash in on the moving train for the next bull season.

Lots had been anticipating on breaking that 30k support which we did really stay up on this level for some time or moment but eventually it didnt break out on reaching 32k and next on 35k.
We are now on a correction on which it would really that a normal thing here on crypto space on which it had been moving and volatile since day 1 and if you've been here on this market for a while
then seeing these drops isnt really that something that would be shocking you but rather seeing these things to be an opportunity for you to get in and make profits
once the market would be having a recovery.

[btc78]

Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.


Have a nice day and take care.

you seems to be correct mate, and yes the fall is continues from where you posted this , from almost 31k and now? it is dropping to almost 26k , so is there a 25k price to be expected.
 
this is how the market goes now, and all the coins is dumping at least 2 digits now specially bitocin with 10% loss just days before.


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

and yes, the growth is not sustaining its position .

[Minor Miner]

Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.


Have a nice day and take care.

you seems to be correct mate, and yes the fall is continues from where you posted this , from almost 31k and now? it is dropping to almost 26k , so is there a 25k price to be expected.
 
this is how the market goes now, and all the coins is dumping at least 2 digits now specially bitocin with 10% loss just days before.


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

and yes, the growth is not sustaining its position .

Bitcoin correction is not too difficult to predict as bitcoin cannot skyrocket without a correction, and moreover, don't forget that the bear season is not over yet. So it's normal for bitcoin to decline in price.

And I will disagree with OP's opinion when he said that this is not the right time to buy bitcoin. I believe when bitcoin went below $20k, he thought the same, and he probably missed the bottom of bitcoin last year too. Bitcoin is always volatile, up and down is normal, and if you are still hesitant and don't buy bitcoin now. You will regret and regret more when you try to find the bottom to buy.

[ilovealtcoins]

Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

Bitcoin is falling as you say, and many people also predict this, it's not too hard. But as you say, this is still not the right time to buy bitcoin, so in your opinion, what is the best price to buy bitcoin? I'd love to hear what your next thoughts are. Because I am also expecting more bitcoin drops.

[fzkto]

Bitcoin’s volatility is normal, in fact any market that is being blocked by the resistance will always go dump, and with Bitcoin it is what happening right now. The price is getting cheaper again, a golden opportunity to those who want to increase their holdings, just like the others $25k might still happen with Bitcoin so be ready with your funds and make sure not to panic because Bitcoin will surely rise again.

I just don't understand why there are so many people feeling worried about the price correction over the last few days while bitcoin is still on a bullish trend since January. Put those worries aside and do some accumulation if you have a lot of unused budget, and if this correction deepens then I think do more.

Bitcoin is getting closer to the countdown to the 2024 halving, so be wise in taking advantage of the opportunity. I'd love to save more budget to do DCA if bitcoin goes back to a price of $20k or lower.

Everything is stable. When bitcoin is up 10%, everyone writes about the moon. When bitcoin is down 10%, everyone talks about a new bottom. The funny thing is, a lot of people don't even try to buy bitcoin to sell it at a higher price. Although there is a really good opportunity to buy cheap bitcoins now. Even if a new ATH happens in a year or two, patience will be rewarded.

[Rabata]

Bitcoin’s volatility is normal, in fact any market that is being blocked by the resistance will always go dump, and with Bitcoin it is what happening right now. The price is getting cheaper again, a golden opportunity to those who want to increase their holdings, just like the others $25k might still happen with Bitcoin so be ready with your funds and make sure not to panic because Bitcoin will surely rise again.

I just don't understand why there are so many people feeling worried about the price correction over the last few days while bitcoin is still on a bullish trend since January. Put those worries aside and do some accumulation if you have a lot of unused budget, and if this correction deepens then I think do more.

Bitcoin is getting closer to the countdown to the 2024 halving, so be wise in taking advantage of the opportunity. I'd love to save more budget to do DCA if bitcoin goes back to a price of $20k or lower.

Everything is stable. When bitcoin is up 10%, everyone writes about the moon. When bitcoin is down 10%, everyone talks about a new bottom. The funny thing is, a lot of people don't even try to buy bitcoin to sell it at a higher price. Although there is a really good opportunity to buy cheap bitcoins now. Even if a new ATH happens in a year or two, patience will be rewarded.

To get anything big one needs to wait a certain time. It can be quite the opposite for those who want to make quick profits in the short term. However, there is a common belief among the general public that those who invest in Bitcoin will be rich quickly. I would never encourage people to invest in Bitcoin based on such ideas. Those who will try to invest patiently despite seeing the negative aspects of bitcoin for a long time they can be very close to the success. As an investors patience can be a big tool for getting success. Current market is going slightly bearish so this is the perfect time to buy Bitcoin.

[STT]

Positive reaction to 50 day average is occurring now and something to watch develop till end of month.    My thoughts are BTC price action could brush past the 50 day to visit either the 200 week or the 200 day which for the moment is much lower.   That'd be a harsher pullback but might be necessary to strengthen performance on longer term time lines and ultimately the larger bars like daily or weekly far outweigh the trades viewed every week on 4hr bars or smaller.
   A more positive scenario is the 27k area is found as support and we challenge 30k and resistance until we can recover the full range of 2022 prices and without ever losing this area.

[DevilSlayer]

Positive reaction to 50 day average is occurring now and something to watch develop till end of month.    My thoughts are BTC price action could brush past the 50 day to visit either the 200 week or the 200 day which for the moment is much lower.   That'd be a harsher pullback but might be necessary to strengthen performance on longer term time lines and ultimately the larger bars like daily or weekly far outweigh the trades viewed every week on 4hr bars or smaller.
   A more positive scenario is the 27k area is found as support and we challenge 30k and resistance until we can recover the full range of 2022 prices and without ever losing this area.

If the $26,000 support did not hold, the possibility of the bitcoin to go down up to $24,000 major support is most likely going to happen. The price resist ath the $30,000 level which is considered as very strong resistance. There are confluences in the $24,000 like 20 EMA and 50EMA in weekly chart. Does this mean we are now in bearish trend? I don't think so because the price is just retracing and if you will look in the weekly timeframe the price is still in healty price movement wherein the RSI of the bitcoin is still above 50 RSI.

For the long traders, I think it is better if you will stop trading first because there is a high probability we will see a waterfall in the following days, be cautious because anything can can happen. As for the short traders, I think it is the best time to acquire position because the market sentiment is currently negative so fear and panic is currently present that you can take advantage of.

[reagansimms]

As you can see, the price of Bitcoin or Cryptocurrency has no central authority that can regulate it, there is no government that controls prices on the market, even the central bank has no influence on the condition of the price of Bitcoin. The above is one of the reasons why Bitcoin prices are increasingly fluctuating and it is impossible to control the increase/decrease in price, it all depends on how the market conditions are freely.

My assumption is that the Bitcoin price experienced a slight correction after successfully exceeding $30k due to widespread selling, most traders and investors chose to secure the long-awaited profit when the Bitcoin price was still at the $25k level. I'm not too skeptical about the correction that just happened, after this there will be an increase in demand which will have an impact on price increases, buying interest from the Bitcoin community will have a positive impact on Bitcoin.

[palle11]

Do you think there's a reason behind of Bitcoin price increase from $20K to $30K? relying Bitcoin price through FED interest rate is kind of non sense, Bitcoin doesn't depends to FED.

I also don't see the relationship of FED decision having influence to the price of bitcoin. FED policy relates to government policy and expenditure including interest rate which directly affect fiat and not bitcoin, no agency or government can control bitcoin.

I'm not saying Bitcoin price will decrease, but the price will be around $25K-$40K-ish and it's still good to buy Bitcoin before the price will surge after the halving season.

This can be possible because bitcoin halving is approaching and the price have appreciated more than 40% after December. Moreover this is the first quarter almost ending.

[el kaka22]

Not by much though. I mean I understand it was over 30k and that made everyone happy and I understand it is under 28k which makes people upset, but that is just a drawback. Remember, the market "could" become a like a bow sometimes, and it ends up thinking that you could draw the bow back a bit, and then you let it go and the arrow goes, so if you draw it a lot further back, as back as it gets then the arrow goes further, if you draw it just a little then it goes just a little away, as far as your own foot.

So, this could be a drawback and I believe it is, this means that we are just testing back the 28k levels to see if it's strong enough and then when we see it is, we will feel more comfortable about buying a lot more bitcoins.

[Kemarit]

Not by much though. I mean I understand it was over 30k and that made everyone happy and I understand it is under 28k which makes people upset, but that is just a drawback. Remember, the market "could" become a like a bow sometimes, and it ends up thinking that you could draw the bow back a bit, and then you let it go and the arrow goes, so if you draw it a lot further back, as back as it gets then the arrow goes further, if you draw it just a little then it goes just a little away, as far as your own foot.

So, this could be a drawback and I believe it is, this means that we are just testing back the 28k levels to see if it's strong enough and then when we see it is, we will feel more comfortable about buying a lot more bitcoins.

Let's see first $27,500, I think that is now the support level since $28k has been breached. It actually went as low as $27,200 and everyone thought that we are heading to $25k again. But the market is strong or at least the bulls is reclaiming back the position and pushes the price to the support line.

So yeah, this is just a little drawback and let's hope if will hold and then we can go back to $28,000 because that's where we are trading sideways for more than a week before the sudden push to $30,000-$31,000. So going to be interesting last week of this month again.

[Kryptowerk]

Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.

So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.

So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.

Have a nice day and take care.

There are always some Nostradamuses around I guess.
The thing about these kind of advice is, you’ll easily find as many arguments for the contrary. One of the best advice regarding when to buy bitcoin is still dollar cost averaging over several months or even years. You can go into advanced mode and adjust the amount you invest each time depending on whether prices went up or down recently.
Anything else will make you very vulnerable to an almost unpredictable amount of short term factors influencing the current price of bitcoin.

[Nrcewker]

When Bitcoins slightly fall down in price, I see that many people start panicking. Why are you taking it as negative note? I mean it maybe just a price correction of the coin, but people are always in a negative mood. People should always see something like this in a positive attitude. This might be the opportunity for the people to grab more coins in a cheap price. And as they will start accumulating again the price will again go up due to the increase in demand and limited supply of the coin. At last be patient and wait, Bitcoins will touch sky once again.

[btc78]

Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.


Have a nice day and take care.

you seems to be correct mate, and yes the fall is continues from where you posted this , from almost 31k and now? it is dropping to almost 26k , so is there a 25k price to be expected.
 
this is how the market goes now, and all the coins is dumping at least 2 digits now specially bitocin with 10% loss just days before.


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

and yes, the growth is not sustaining its position .

Bitcoin correction is not too difficult to predict as bitcoin cannot skyrocket without a correction, and moreover, don't forget that the bear season is not over yet. So it's normal for bitcoin to decline in price.

correct is correct a part of the movement and for us to gain is for us to also risk and the problem here is that ? about us if dealing with too much pressure and that will change the system.
Bear market is also followed with Bull and in this case? we are all may experience both.

And I will disagree with OP's opinion when he said that this is not the right time to buy bitcoin. I believe when bitcoin went below $20k, he thought the same, and he probably missed the bottom of bitcoin last year too. Bitcoin is always volatile, up and down is normal, and if you are still hesitant and don't buy bitcoin now. You will regret and regret more when you try to find the bottom to buy.

every time is a right time to buy , but the problem only if how long and how much we can afford to risk.

because the longer we Keep the coins is the bigger chance to earn more.