Will $25,000 give way this time?

[TravelMug]

Right now if we look at the chart, it is a bit difficult to break the barrier between 26k$, maybe because there are still many other investors who are concerned about the current situation, or need to think of a good strategy so that the market can go down again in the bear season and back to the uptrend again.

But regardless of the current situation of Bitcoin's value, it has no effect on long-term holders in reality, but the only ones affected by this are the panic buyers and others who do not have enough knowledge.

Yesterday, Bitcoin went below 26k$ and then recovered back to 26.5k$. There is nothing much to panic as price is very much stable on 26k$. If one is thinking to accumulate Bitcoin then its best to accumulate right now in DCA manner. Keep one thing in mind that we have halving coming up in few months and there are many out there who are accumulating Bitcoin at current discounted price. Such small waves are part of bitcoin ecosystem and shouldn't be taken with much worry.

See the price sticking up above $26,500 already so that is a good sign that the bulls are back and trying to defend our support and maybe we already forgotten who or what is the reason for the current declined to this price.

But any how, yeah, we still have a lot of time to accumulate bitcoin right now, $26.5 is still cheap in my opinion. And if we don't have the big capital to buy at this price, then it's not over yet. We still have the DCA that can help us to buy and accumulate over time.

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[Nrcewker]

This sudden dip is due to the bad news that market has faced. Tesla selling huge amount of Bitcoins was the catalyst that made the market crash. Bitcoins have suddenly fell from 30k usd to 25k usd. This isn’t bad at all to be honest. It just gave us the opportunity to buy the coin for low price. I would suggest everyone not to panic and accumulate as many coins as you can. The price will soon go up again during 2024.

[G_Besar]

I think the $25k support level won't hold, and we might see a drop to $20k or lower in a couple of months. It will be the end of the market correction, and after that, the price will increase after BTC halving. The news is circulating regarding SEC, Binance, ETF delay, and a possible global economic recession; a pump over $30k in the next few months is not on the cards. Get ready for another sharp dump in the coming months.

Hopefully your prediction regarding the decline will turn out to be incorrect, because I personally am not waiting for a price drop in Bitcoin although I would also be very prepared if it were to happen. But I'm still not sure that it will happen in the coming months, because the support from investors and also traders who like to buy Bitcoin in large quantities is still there so there is a possibility that a sharper decline will not happen immediately as you said although I also don't think that a sharp increase for Bitcoin is also not going to happen anytime soon.

That is very possible considering that currently the slow decline continues and coupled with the current news there is no strong support for us to be able to recover as soon as possible.
Maybe right now it's just because of strong support that the decline that occurred is not significant, but even though that doesn't rule out that $25k will hold, I also believe so.

Currently, the level of increase and decrease still looks the same, that is, they are equally insignificant so that two potentials may still be born under the current conditions. It's just that I'm just more confident in one of the potentials for this year, namely the potential for an increase in price before the halving occurs or at least before entering next year, because demand from Bitcoin buyers themselves may also increase this year. Moreover, some people are waiting for the halving on Bitcoin and they will buy Bitcoin before it happens.

[bitzizzix]

This sudden dip is due to the bad news that market has faced. Tesla selling huge amount of Bitcoins was the catalyst that made the market crash. Bitcoins have suddenly fell from 30k usd to 25k usd. This isn’t bad at all to be honest. It just gave us the opportunity to buy the coin for low price. I would suggest everyone not to panic and accumulate as many coins as you can. The price will soon go up again during 2024.

These dips are natural and not too significant, and are actually good opportunities to buy and collect more Bitcoins as each dip is a can't-miss discount for long-term Bitcoin holders.
Of course the decline that occurred was caused by several factors, including some selling to take profits and some selling out of panic, but this moment will be put to good use by long-term holders or strong hands. Because they believe the Bitcoin price will come back up, and I assume a Bitcoin price below 30k is still the best buy.

[WatChe]

See the price sticking up above $26,500 already so that is a good sign that the bulls are back and trying to defend our support and maybe we already forgotten who or what is the reason for the current declined to this price.

But any how, yeah, we still have a lot of time to accumulate bitcoin right now, $26.5 is still cheap in my opinion. And if we don't have the big capital to buy at this price, then it's not over yet. We still have the DCA that can help us to buy and accumulate over time.

Bitcoin sustaining 26k$ is a symbol that we are at bottom of current DIP. Remember Bitcoin price was very much stable at 30k$ for around 2 months and its very unlikely that we see further dip in price. Halving is coming up next year and big ones are gathering.

Its best to accumulate Bitcoin in DCA manner rather then investing complete capital at one price. We dont know whether price will go to 30k$ from here or further down. With DCA we cant avoid the risk but can minimise it.

[taufik123]

Bitcoin sustaining 26k$ is a symbol that we are at bottom of current DIP. Remember Bitcoin price was very much stable at 30k$ for around 2 months and its very unlikely that we see further dip in price. Halving is coming up next year and big ones are gathering.

Its best to accumulate Bitcoin in DCA manner rather then investing complete capital at one price. We dont know whether price will go to 30k$ from here or further down. With DCA we cant avoid the risk but can minimise it.

Bitcoin accumulation with the DCA strategy will be very helpful in order to invest capital at several Bitcoin prices.
I even do it often and it is quite effective for the long term, so that more profits will be made when prices rise.

Bitcoin is still able to survive around the current price of $26k and that will be a strong support.
Although the low of the last few weeks was around $25k, it was a bounce for Bitcoin.
It will be difficult to break again and we just have to hope that Bitcoin is able to rise above $30k again.

[kentrolla]

I personally think it will go below $25K and if the downfall continues it might further go down causing a possible bloodbath in altcoin markets and as usual Bitcoin will bounce back but not all the altcoins will have the similar fate as some will thrive while other will record new all time low and this cycle continue I don't understand what's so unique about it apart from the emotions of the investors, we have seen this number of times in the past. I just hope investors and traders don't over react and start selling their crypto assets.

[AnonBitCoiner]

This sudden dip is due to the bad news that market has faced. Tesla selling huge amount of Bitcoins was the catalyst that made the market crash. Bitcoins have suddenly fell from 30k usd to 25k usd. This isn’t bad at all to be honest. It just gave us the opportunity to buy the coin for low price. I would suggest everyone not to panic and accumulate as many coins as you can. The price will soon go up again during 2024.

I am wonder that people are aware of all the situations of crypto and still they are worried during such situations. All the time market goes down and then recover back to higher value and knowing this fact they still loss hopes and selling their coins at loss.

Bad news are spreading everywhere and may be some of them are correct but we also know the news that market will recover back but people trust in negative news easily but they don't accept the good news quickly.

Wise person is that who utilize his knowledge during bear season and accumulate certain good coins to take profit when market increases again.

[ShowOff]

See the price sticking up above $26,500 already so that is a good sign that the bulls are back and trying to defend our support and maybe we already forgotten who or what is the reason for the current declined to this price.

But any how, yeah, we still have a lot of time to accumulate bitcoin right now, $26.5 is still cheap in my opinion. And if we don't have the big capital to buy at this price, then it's not over yet. We still have the DCA that can help us to buy and accumulate over time.

The price of bitcoin is still too easy to fall due to panic and adjustments of traders' strategies. This makes me a bit pessimistic about being bullish in August, but I can expect a recovery or a sideway. Today bitcoin price was close to breaking $27k, but its value is too volatile after a few hours.

We can accumulate at current rates, but this plan is for anyone who have a budget.
The accumulation advice on dips is especially useful if you are a long term investor, of course because the long term potential of bitcoin is really good. Buy a dip and hold it, that's helpful advice in my opinion.

[Natalim]

See the price sticking up above $26,500 already so that is a good sign that the bulls are back and trying to defend our support and maybe we already forgotten who or what is the reason for the current declined to this price.

But any how, yeah, we still have a lot of time to accumulate bitcoin right now, $26.5 is still cheap in my opinion. And if we don't have the big capital to buy at this price, then it's not over yet. We still have the DCA that can help us to buy and accumulate over time.

The price of bitcoin is still too easy to fall due to panic and adjustments of traders' strategies. This makes me a bit pessimistic about being bullish in August, but I can expect a recovery or a sideway. Today bitcoin price was close to breaking $27k, but its value is too volatile after a few hours.

We're gaining back high slowly but yeah, it was still hard for Bitcoin to totally recover before the end of this month, I was just expecting to reach $27k. But it wasn't bad for me for at least we see that it never fall down below $25k as most of speculators think about. But still it was uncertain where it goes this week end as the price keeps moving up and down. However, I'm still okay and not worrying anything because I know this won't take so long but it goes on uptrend momentum when the halving is getting closer.

[Texac]

See the price sticking up above $26,500 already so that is a good sign that the bulls are back and trying to defend our support and maybe we already forgotten who or what is the reason for the current declined to this price.

But any how, yeah, we still have a lot of time to accumulate bitcoin right now, $26.5 is still cheap in my opinion. And if we don't have the big capital to buy at this price, then it's not over yet. We still have the DCA that can help us to buy and accumulate over time.

The price of bitcoin is still too easy to fall due to panic and adjustments of traders' strategies. This makes me a bit pessimistic about being bullish in August, but I can expect a recovery or a sideway. Today bitcoin price was close to breaking $27k, but its value is too volatile after a few hours.

We're gaining back high slowly but yeah, it was still hard for Bitcoin to totally recover before the end of this month, I was just expecting to reach $27k. But it wasn't bad for me for at least we see that it never fall down below $25k as most of speculators think about. But still it was uncertain where it goes this week end as the price keeps moving up and down. However, I'm still okay and not worrying anything because I know this won't take so long but it goes on uptrend momentum when the halving is getting closer.

There are too many bitcoin predictions being propagated in the market and it is hard to know what will happen tomorrow. 

Yes, we will most likely see $27k by the end of this month but that doesn't mean it will never drop to $25k.  you can't say for sure because you don't have any evidence to prove it, what you say is just your opinion.  if we look at the market, it is clear that the downtrend still prevails and bitcoin could drop to $25k or $24k before returning back to $27k. Anything is possible and nothing is certain with bitcoin.

[jostorres]

This sudden dip is due to the bad news that market has faced. Tesla selling huge amount of Bitcoins was the catalyst that made the market crash. Bitcoins have suddenly fell from 30k usd to 25k usd. This isn’t bad at all to be honest. It just gave us the opportunity to buy the coin for low price. I would suggest everyone not to panic and accumulate as many coins as you can. The price will soon go up again during 2024.

I don't think we should put the blame on Tesla. It wasn't Tesla by the way but it was SpaceX being blamed for selling its stack of Bitcoins. Later it was revealed that it isn't actually the reason behind the dip and there are multiple reasons for that. However, it doesn't really make a difference no matter what the issue was behind the dip, now When we are facing it, we need to think about how we need to react to the market condition instead of thinking of the reason behind it.

So, a lot of people will take this as negative because they might have already invested when the price was stagnant at around $30k for about six months, while a lot of people will also find this to be an opportunity to make their investments because they've been waiting for an opportunity like this.

[Hypnosis00]

This sudden dip is due to the bad news that market has faced. Tesla selling huge amount of Bitcoins was the catalyst that made the market crash. Bitcoins have suddenly fell from 30k usd to 25k usd. This isn’t bad at all to be honest. It just gave us the opportunity to buy the coin for low price. I would suggest everyone not to panic and accumulate as many coins as you can. The price will soon go up again during 2024.

I don't think we should put the blame on Tesla. It wasn't Tesla by the way but it was SpaceX being blamed for selling its stack of Bitcoins. Later it was revealed that it isn't actually the reason behind the dip and there are multiple reasons for that. However, it doesn't really make a difference no matter what the issue was behind the dip, now When we are facing it, we need to think about how we need to react to the market condition instead of thinking of the reason behind it.

So, a lot of people will take this as negative because they might have already invested when the price was stagnant at around $30k for about six months, while a lot of people will also find this to be an opportunity to make their investments because they've been waiting for an opportunity like this.

I could agree with that because it was not the Tesla issue that brought the market sentiment like this but many factors including economic downturn in some countries and FUDs. The negative news circulating on the internet and in social media really has a negative impact on the mindset of the crypto investors, they'll think negatively as well and even be bothered about what they'll be doing next. However, the price never fall close to $25k this time, it was an indication that despite that panic had start, many investors are still strong and keep holding their cryptos.

[sana54210]

See the price sticking up above $26,500 already so that is a good sign that the bulls are back and trying to defend our support and maybe we already forgotten who or what is the reason for the current declined to this price.

But any how, yeah, we still have a lot of time to accumulate bitcoin right now, $26.5 is still cheap in my opinion. And if we don't have the big capital to buy at this price, then it's not over yet. We still have the DCA that can help us to buy and accumulate over time.

I agree, we are not at a stage where it should be scary, we are at a moment where we should be happy with what's going on. I know that it sounds crazy when you tell people "bitcoin price is down, I have some bitcoins, I am happy about it going down".

When you tell this to people they think you are mad or something but the reality is that it's true, because it allows me to buy some more. I think it's quite important to realize that you are going to end up with some profit when the time comes and you are going to make some profit with it as well. It's a great way of making a profit, it means that you are going to profit from it by buying more and holding until it recovers and it will certainly make a good return without a doubt.

[ScamViruS]

I don't think we should put the blame on Tesla. It wasn't Tesla by the way but it was SpaceX being blamed for selling its stack of Bitcoins. Later it was revealed that it isn't actually the reason behind the dip and there are multiple reasons for that. However, it doesn't really make a difference no matter what the issue was behind the dip, now When we are facing it, we need to think about how we need to react to the market condition instead of thinking of the reason behind it.

The news that SpaceX has sold their bitcoins came out much later and the market reacted very badly. Whether the news is done on purpose to take the market into a downtrend is something to think about, which is out of the mind of ordinary traders like us. For those who are short-term traders, this news has a great impact on their trading, many traders have faced huge losses as a result of this news. The market is still above $25000, I don't know how much lower the market can go from here, if the market goes below $25000 then we may see more downtrend. In fact, it is best for long-term investors as they do not have to keep track of such market news, thereby leading a stress-free life.

[flyingcarpet]

I don't think we should put the blame on Tesla. It wasn't Tesla by the way but it was SpaceX being blamed for selling its stack of Bitcoins. Later it was revealed that it isn't actually the reason behind the dip and there are multiple reasons for that. However, it doesn't really make a difference no matter what the issue was behind the dip, now When we are facing it, we need to think about how we need to react to the market condition instead of thinking of the reason behind it.

The news that SpaceX has sold their bitcoins came out much later and the market reacted very badly. Whether the news is done on purpose to take the market into a downtrend is something to think about, which is out of the mind of ordinary traders like us. For those who are short-term traders, this news has a great impact on their trading, many traders have faced huge losses as a result of this news. The market is still above $25000, I don't know how much lower the market can go from here, if the market goes below $25000 then we may see more downtrend. In fact, it is best for long-term investors as they do not have to keep track of such market news, thereby leading a stress-free life.

Short-term investors were badly affected by this situation. Now the question is whether the Bitcoin price will go even lower or will it stay here and rise. There is a repeat buying opportunity for the long-term investor. Negative news affects Bitcoin, but it's up to us not to panic sell. Bitcoin shouldn't be too affected by such news. Compared to the past, it often achieves this, but the risks may be higher for the short-term investor.

I hope there is no downtrend like you said. If the price continues to decrease, I think that positive news will be given in the market in a short time and it will start to rise.

[ScamViruS]

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Short-term investors were badly affected by this situation. Now the question is whether the Bitcoin price will go even lower or will it stay here and rise. There is a repeat buying opportunity for the long-term investor. Negative news affects Bitcoin, but it's up to us not to panic sell. Bitcoin shouldn't be too affected by such news. Compared to the past, it often achieves this, but the risks may be higher for the short-term investor.

I hope there is no downtrend like you said. If the price continues to decrease, I think that positive news will be given in the market in a short time and it will start to rise.

Traders are badly affected when the market suddenly enters a downtrend and becomes extremely volatile. The way Bitcoin quickly dumped after the news of SpaceX came out, it goes without saying that leveraged traders were the most affected as the liquidation hit a record amount. Now the level that Bitcoin is in, and the way negative news is spreading in the market, it is difficult to predict to which level Bitcoin will go downtrend or uptrend. Bitcoin started this year with positive momentum but now the market is not in a good position.

Bitcoin started this year with positive momentum but now the market is not in a good position. We all want to see Bitcoin always in an uptrend, but before the next uptrend starts, the market will make a healthy correction. So now it will be effective decision to monitor the market movement with patience.

[jaberwock]

See the price sticking up above $26,500 already so that is a good sign that the bulls are back and trying to defend our support and maybe we already forgotten who or what is the reason for the current declined to this price.

But any how, yeah, we still have a lot of time to accumulate bitcoin right now, $26.5 is still cheap in my opinion. And if we don't have the big capital to buy at this price, then it's not over yet. We still have the DCA that can help us to buy and accumulate over time.

If it's only about the bull sign, we always have that. How many time we touch $30k? And we already touch $31k a couple of times but there is still no bull run that occurred. Maybe you need to calm down for a while and wait till we get out the $31k barrier because maybe that is the real sign of a bull run.

So far I don't forget the reason about the dip but I know, lots of people are not yet aware of it as I saw lots of threads and replies, asking if what is the reason about the current dip but me and others who know it, already said it to them. DCA is within us but not all are willing to do it. They think buying at bulk in a major dip is the best. Well that's their strategy so we should respect that.

[Nheer]

Short-term investors were badly affected by this situation. Now the question is whether the Bitcoin price will go even lower or will it stay here and rise. There is a repeat buying opportunity for the long-term investor. Negative news affects Bitcoin, but it's up to us not to panic sell. Bitcoin shouldn't be too affected by such news. Compared to the past, it often achieves this, but the risks may be higher for the short-term investor.

Whenever Bitcoin prices rises or falls there are always those who get affected and there are still those who benefits from it so it’s just as you said, it is left to us to decide whether to panic or not. Short term investors will actually suffer from such sudden fall and it made some to panic sell. Bitcoin movement as always been like this, we saw worse in the past and it bounced back so I don’t think there is any reason to panic instead we should make use of the opportunity to keep buying.

I still feel we could still see the price drop even more and we could see bitcoin price drop to around $23,000 to $21,000.

[STT]

$26048 or higher is what Im looking for as Asia open approaches, really weak build today but a slight positive and its not my personal preference to guess on short term time frames especially the weekend.   However Sunday is the closing day for the weekly bar and its quite reasonable for BTC to attempt higher.    If we do fail to attempt higher in some way then its fair guess we will test the lower prices again.  These bottom prices are the Feb peaks and relate to almost a whole year of pricing prior to this years March where we finally got some more positive action; that action has reversed hence once again we check this lower price range as valid or not.  We're just knocking on the door at the moment, hoping theres no answer hoping the door is not opened to lower and all the monsters BTC must then fight to stay alive  👺