Will BTC dip again?

[kotajikikox]

So this is the fateful dip slightly anticipated not massive but nothing BTC does is that small generally and its arriving in time for the weekly closing bar as well.   However I see the negative price action as remaining contained thus far, the lows breached 62k down to 61.5k but has recovered above that level.  It is the close of the bar on whatever time frame that matters most of all so there is room for optimism at the moment.


We have closed once below 62.8k since March 4th and once again today is not that day hence slight optimism from a less worse scenario then a full sell can easily be.    See how it develops, this is below 50 day average which is not the best but we stay in the box that has contained BTC for some time.  Its still within a game of ping pong perhaps maybe.

but the last fall of 62k did not stay that long , in just a couple of hours the price grows back to track but this time it seems that value stays lowering for how many days now and that alarmed many weak handed human and this is the effect of halving coming .
that is the many weaker investors acting .

[Fara Chan]

but the last fall of 62k did not stay that long , in just a couple of hours the price grows back to track but this time it seems that value stays lowering for how many days now and that alarmed many weak handed human and this is the effect of halving coming .
that is the many weaker investors acting .

I don't think there are many people who are worried about the price drop right now, except only the weak people like you said. Because if investors' thinking is still weak and afraid of falling prices like now, of course they are not suitable to be in the crypto market or as people who hold Bitcoin. Because investors should have been trained in conditions like today so that they will never worry or be afraid of a decline, which could even be their next option to buy Bitcoin again in this condition of falling prices.

[GigaBit]

For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?

The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?

Bitcoin is now in a slightly dip position since it's ATH. This time is more suitable for investment. Bitcoin is now at 64K from 72K. This recent decline is temporary. Yesterday's attack spooked investors amid tensions between Iran and Israel on Middle East. Investors sold their assets to protect themselves. But this is nothing new for Bitcoin holders. Bitcoin price remains bullish in any adverse situation if investors keep their faith as we have seen in the last covid 19. Moreover, the price of Bitcoin increased during the war between Russia and Ukraine. Today, prudent investors who perceive this period of dip as an opportunity are trying to increase their investments. In just a few days the halving will take place and Bitcoin price will definitely be bullish again in this halving. Holders will definitely be profitable in the long term.

[erep]

but the last fall of 62k did not stay that long , in just a couple of hours the price grows back to track but this time it seems that value stays lowering for how many days now and that alarmed many weak handed human and this is the effect of halving coming .
that is the many weaker investors acting .

I don't think there are many people who are worried about the price drop right now, except only the weak people like you said. Because if investors' thinking is still weak and afraid of falling prices like now, of course they are not suitable to be in the crypto market or as people who hold Bitcoin. Because investors should have been trained in conditions like today so that they will never worry or be afraid of a decline, which could even be their next option to buy Bitcoin again in this condition of falling prices.

Every investor must have the mentality of not being easily influenced by crypto market movements because they are sure that the crypto market price will definitely reach the ATH price, crypto history has proven that the increase in bitcoin prices never disappoints and weak investors will definitely regret their decision because they did not hold the asset to reach the ATH price .

But to reach the level of a professional investor is certainly very difficult because some investors have taken profit at the ATH price and some of them will reinvest when the market price drops drastically.

[Sorryfor]

Currently, the price of Bitcoin is at $64,000. Bitcoin's halving is just four days away. Now since Bitcoin always goes up and down it can be said for sure that after the halving the value of Bitcoin will almost halve and Bitcoin will reach its peak value just a few days after that. But it will definitely fall in value of Bitcoin for some time after the halving, maybe it will go below 50k dollars. But its price advance after just a few days is going to be really surprising for the investors. Those who have already bought and held Bitcoins can expect to make a huge profit at the end of the day.

[GeorgeJohn]

We have longed stayed on the dip and its high time that we also have a sustained bull market to make the crypto investors profitable, we are not likely to have any bear market that will render us into dip as we already had before, we are enjoying the bullrun already and anticipating for more all time highs on crypto markets, if there should be any signal or indication for a bear market to go dip, such may be next year and not this time around.

Bitcoin price dumped a lot today but it is not a big problem as we can believe that Bitcoin will not dump much yet Bitcoin price is undergoing some correction and slowly trying to set a strong stable price in 70k. Bitcoin price has not risen much since the previous ATH. So we can expect a new ATH at a bigger price. But we have to be patient to see and enjoy it. And if you want to enjoy this opportunity, there is no alternative to long-term investment

that is why I normally say that bitcoin price which is not believe or trust in the price of Bitcoin because the price always increase and also decreases so therefore whenever the price decreases in value we should try to utilize the opportunity because in the next two days the price might not be at that particular value so any opportunity we see in cryptocurrency we should try to utilise it I'm not sure that the opportunity does not pass us by

[MiF]

For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?

The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?

I think it will not drop up to 50k$ because bitcoin is now in a bull run status, let say it will drop because of some other issue but i think it will not goes down to 50k$ this time, i have also regrets for not buying when it is low because i didn't expect bull run is coming. However we can still buy altcoins and hold because some altcoins will follow BTC trends so if you didn't buy bitcoin when it was on dip you must buy some good altcoins to avoid regrets. There's a lot of altcoins to choose and select whats the best for you for good.

[JollyGood]

If the title of the thread is something that can be repeated and rinsed (admittedly this is not my only post here), then I have to state I am not surprised to see Bitcoin fall. It will of course eventually reach that all-important $100,00 milestone one day but for now the dip is in process. Considering it was above $70,000 but is now at $62,500, I would be inclined to think this is an ongoing dip.

[STT]

Its not exactly concrete in its fall, the momentum is questionable and wavering still.  I was just double checking and we have yet to close a daily bar below 63k in this decline, the price is just below 2 day average and sticking to that rather then in a free fall situation.



Its the start of a fall but it may yet catch itself and recover, still not sure on that.   Today might be the day, todays price action is submerged below even quite recent pricing from a couple days ago.

If we do not lose this point then it was only ever a ranged trade, we just repeat and correct attitude then would be bullish as we are bottom of range and presumably set to repeat a return to top of that range which is enough to be positive on.    Space for that consideration is with the weekly average at 67k, we have leeway for BTC to just wander and drift about confusing people

[Mame89]

If we are being honest… $50k is pushing it already. It might be possible but it’s probably gonna be the maximum price for the mean time. Bitcoin’s market dipped after a surge and now we are seeing it recover so I am not that optimistic about a large decline in price. I say just buy right now if you could afford it because you might end up waiting too much that you never have the opportunity to buy.

Bitcoin's lowest price in the last few days was $60k, I think this will be a very strong drop at that price, very difficult to push the price to $50k. The current decline in bitcoin is very healthy because if you look at previous halvings, bitcoin will experience a decline when approaching the halving and will strengthen after the halving occurs.

So if you learn from the history of the Bitcoin halving, don't think the price will go down, keep doing DCA because post-halving history will repeat itself. Waiting for a price reduction will only make you regret it later. So it's absolutely true as you said, take advantage of the opportunities that exist now, don't wait too long to hope Bitcoin goes down again because opportunities don't come a second time.

[Gaza13]

For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?

The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?

If you target the best price you want during a bearish period, I think it's hard to predict. no one is 100% right, in predicting the price of bitcoin, they are just speculating according to their own views. If you wait a few days, who knows, it might come down again. I think you will miss the best price moment at that time, so in my opinion, why wait for the price to drop drastically, it's better to stay at DCA.

If you have been involved in the investment world for a long time, you will definitely not be afraid of what price you will buy the asset at. Moreover, this asset is very rare and is being hunted all over the world. This is where the dca technique is important, we will get the best average price when buying, as we all know, especially this year we will soon enter the halving period, of course at the end of 2024 there will be an unexpected increase.

[gunhell16]

For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?

The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?

That's what I've been thinking for the past few days, but with what's happening now in the market, the bitcoin price is rising, but even so, let's see in a few hours when the bitcoin halving will happen. Although bitcoin's previous ATH has been passed before, we are still in the current correction.

And we don't know if there will be a rally a few hours from now. All I can say is that this is a really good chance for us to buy potential coins in the market now because almost everyone has really reddened their values in this correction today. If we take advantage while there is no rally that is actually happening in bitcoin,.

[skarais]

~~~

I don't think there are many people who are worried about the price drop right now, except only the weak people like you said. Because if investors' thinking is still weak and afraid of falling prices like now, of course they are not suitable to be in the crypto market or as people who hold Bitcoin. Because investors should have been trained in conditions like today so that they will never worry or be afraid of a decline, which could even be their next option to buy Bitcoin again in this condition of falling prices.

Long-term bitcoin holders will not be affected by short-term price volatility, while some medium-term investors will likely take advantage of it to convert their profits. There are some investors who only expect a profit of 2x the initial investment value, so they will get out and enjoy the profits after the target is reached. This can cause prices to drop or correct momentarily, small or large depending on how many investors do the same thing at the same time.

I think some investors who invested large budgets in bitcoin in the $25k to $30k price range may have converted their profits by the time bitcoin hit $70k some time ago. They have made a profit of more than 1x the value of their initial investment, so they feel comfortable enough to get out and enjoy the profits. Some may continue to hold until several months after the halving, of course these are investors who are truly optimistic about Bitcoin's great potential in the next 1 year.

[stomachgrowls]

For those of you out there who are planning on buying more coins
like me when the market dips, have you guys set a target price where
you will buy?

The price has not yet reached what is ideally the price I would want to
buy bitcoin in despite its recent decline and I am wondering if will
bitcoin still go down to at least $50k?

If you target the best price you want during a bearish period, I think it's hard to predict. no one is 100% right, in predicting the price of bitcoin, they are just speculating according to their own views. If you wait a few days, who knows, it might come down again. I think you will miss the best price moment at that time, so in my opinion, why wait for the price to drop drastically, it's better to stay at DCA.

If you have been involved in the investment world for a long time, you will definitely not be afraid of what price you will buy the asset at. Moreover, this asset is very rare and is being hunted all over the world. This is where the dca technique is important, we will get the best average price when buying, as we all know, especially this year we will soon enter the halving period, of course at the end of 2024 there will be an unexpected increase.

Its never been easy in the first place if we do speak about price movement whether making that dip or would really be having that pump on which these movements arent something that cant really be known.
Will BTC dip again? Yes of course and its not something that you couldnt really be able to know or no one does because if there's one then he/she would really be that rich because they could really be able to
buy on the bottom. We are dealing on a market on which it would really be having that kind of movement which is up and down. Profitability would really be just that depending on how well you do manage
yourself on making those buys and sells.

This would really be something that will really be just that depending on how well you do handle yourself and make out some good decisions.
Profitability would really be differing on how you would really be making out such move and decisions and risk taking you would really be having.

[uneng]

Bitcoin finds its support level at 60,000$ and it's strongly maintaining it. So far, I don't think we have any issues, as long as Bitcoin doesn't cross the line back to the 50,000$'s price range... If the dip is 60,000$ we are fine to revert the tendency pretty soon, reaching close to a new ATH without delays. The next days are going to be decisive, since we are in countdown for the halving event. Let's see how it's going to affect Bitcoin's price.

I'm optimistic it's going to be very positive for Bitcoin, and a scenario with price around 70,000$ shouldn't take too long to happen once again. The only thing I'm pretty sure is that once a positive trend starts once again, it's going to be instant and it's going to push the price upside in many thousands of dollars at once, before any investors can identify the trend in order to buy. So, it's important to buy coins beforehand.

[btc_angela]

Bitcoin finds its support level at 60,000$ and it's strongly maintaining it. So far, I don't think we have any issues, as long as Bitcoin doesn't cross the line back to the 50,000$'s price range... If the dip is 60,000$ we are fine to revert the tendency pretty soon, reaching close to a new ATH without delays. The next days are going to be decisive, since we are in countdown for the halving event. Let's see how it's going to affect Bitcoin's price.

Yes, but there was one time that we have a dip at $59k, but we quickly bounce back from it.

I'm optimistic it's going to be very positive for Bitcoin, and a scenario with price around 70,000$ shouldn't take too long to happen once again. The only thing I'm pretty sure is that once a positive trend starts once again, it's going to be instant and it's going to push the price upside in many thousands of dollars at once, before any investors can identify the trend in order to buy. So, it's important to buy coins beforehand.

Of course, that scenario that the price will go up is definitely here. We have completed the block halving already, and the price remains relative stable for now. But sooner or later the price will go up, we are just gathering strength, a big momentum. Unfortunately, the fees could be a hindrance as it shot off the roof after the halving and could deter ordinary and average investors to put their money right now.

[STT]

Worth watching and noting BTC movement here, we had a good attempt to move to the downside that failed.   Negativity that failed is inversely positive in conclusion is something we can speculate on fairly easily.   Just into the end of the week would help seal the deal and BTC could resolve positively from here despite threatening the opposite really not that long ago.

I'm always watching to gain some insight to market moves so thats my bet for the moment that the bounce back a failed downside move should give us a better chance of higher BTC gains then usual.   Ultimately I would still say if BTC does fail to move outside its range of movement to the downside we are going to end up remaining just where we've been for almost 2 months; it will take something to move outside the boundaries apparently so Im waiting for that really.    

We do seem to now be above the weekly average, a good gain over 7 to 8 days is pretty healthy by the measure Ive kept for years so I'll stick with that estimate on BTC.    Price likes to prove everyone wrong before its real move, something like that I read once seems to fit right now.

[FinePoine0]

Dip markets are standing in front, so now there are ample opportunities for those who want to buy bitcoins to invest quickly in bitcoins. As a result, you can buy bitcoins from this market and hold for a long period of time, and reap maximum benefits. The halving has taken place, so prepare now because the bull run is just waiting to start.  And taking advantage of this opportunity, everyone holding Bitcoin can sell their holdings in a bull run.

[AirtelBuzz]

Dip markets are standing in front, so now there are ample opportunities for those who want to buy bitcoins to invest quickly in bitcoins. As a result, you can buy bitcoins from this market and hold for a long period of time, and reap maximum benefits.

Bitcoin can be purchased anytime to invest. As you say dip markets are ahead so maybe we should wait a little longer as we all know that Bitcoin should be bought at low prices. Still the price of Bitcoin is at a high level i.e. the price of Bitcoin is currently 65 thousand dollars. Bitcoin halving has been completed yesterday, we still do not see any change in the market whether the price of Bitcoin will increase or decrease. We thought we might see a big correction in the market before the Bitcoin halving but it didn't happen as the Bitcoin halving happened when the price of Bitcoin was at a high level.

The halving has taken place, so prepare now because the bull run is just waiting to start.  And taking advantage of this opportunity, everyone holding Bitcoin can sell their holdings in a bull run.

Since the Bitcoin halving was completed recently, everyone is looking forward to the bull run. Maybe some will sell their investments in this coming bull run and many will hold their investments until the next bull run.

[EarnOnVictor]

Dip markets are standing in front, so now there are ample opportunities for those who want to buy bitcoins to invest quickly in bitcoins. As a result, you can buy bitcoins from this market and hold for a long period of time, and reap maximum benefits. The halving has taken place, so prepare now because the bull run is just waiting to start.  And taking advantage of this opportunity, everyone holding Bitcoin can sell their holdings in a bull run.

Bitcoin is now risky to buy straight up like that, perhaps it could be more appealing to buy after waiting for more weeks. This is for it to fully show what it wants to do over time. Halving is not an automatic bullish trend activator for it, and by the way it is currently behaving shows that there are high unwillingness to commit money to it. So, it is best for investors to wait if they want to risk it at all at this high price. I've been carefully studying the behaviour of Bitcoin since the beginning of this year, it has not been easy for it to rise, especially after hitting above $70,000, it lost liquidity inflow and it tried for so long until it got subdued to the level we see now.

Had it been the ETF saga of last year did not happen, perhaps it would be better for Bitcoin to easily rise now. Well, we should thank the ETF as well because it helps the coin grow significantly and has done what it has not done before ever since it was created by holding close to its former ATH of the last bull run. But at the same time, this is possibly a discouragement for investors, because what it is supposed to be doing gradually now has been done initially and it could cause an overall negative sentiment in the market if care is not taken even after the halving.

Talking about halving, it took Bitcoin many months before the effect, or should I say tradition garner enough investment that later causes FOMO in the market which always warrants more Bitcoin purchases. Regardless, let's see how it goes this time that things are a little bit different. Left to me, I do not see anything spectacular about Bitcoin in the next 2 months, halving or not.