Bitcoin weekly buy.

[Odusko]

At the moment the price of Bitcoin have corrected back a bit, and price of Bitcoin is touched below $96k recorded last low is 69,800 which based on my speculation will be the 24 hour's low that we recorded before we take off for the week recovery and possible all time high, and for sure I can say this is the right time to buy Bitcoin because the low 96k+ at the moment could be the possible low price for the today, note this is based on personal observations.

What do you think:

Is this the time time to open new Bitcoin position and are we at the best discount price for Bitcoin?

[Oshosondy]

This is not bitcoin weekly buy but you meant that is it good to buy bitcoin this week right now. Weekly buy means to be buying bitcoin every week. But anyone that read your post and just the title will understand what you mean.

Since bitcoin fall to $58900 last, this has been how bitcoin price has been. It will rise, fall again but in a way it will only fall a little and continue to rise. This is more of trading discussion and I think it is worth trying if you can use low leverage with it.

[SamReomo]

What do you think:

Is this the time time to open new Bitcoin position and are we at the best discount price for Bitcoin?

Well, personally I don't think that current market condition is suitable to open any positions, if someone wants to take risk then it's okay otherwise it's not wise to invest in Bitcoin right now because there's big FOMO and that's the reason why Bitcoin is gaining value at such fast speeds, however if out of nowhere some FUD takes place then Bitcoin might crash and lose its current value.

[BITCOIN4X]

If you do decide to buy today, then consider doing a DCA. Bitcoin prices don't always bounce as fast as you might expect, but sometimes a saturated market can make the price worse. I think the price will get a correction for some time at the end of this month before breaking through the highs again in December.

Currently the price is in the $95k to $96k range, so extra consideration is needed if you really want to make an entry. You can certainly invest at any price, but try to do it with strategy rather than feeling.

[Ever-young]

This is really the right time to buy bitcoin, as the price is very low considering what the price is going to be in the future; in fact,  any buying price of bitcoin below $100,000 should be considered an advantage buying, which every investor should take seriously before this opportunity slides through their hands. 
 
After this recovery stage, the price is struggling within the $95k level, which it could still go down below that; after now, we could possibly hit the $100k level in the next push up, which might continue till next year.

[asriloni]

It's not the right time to open a position to buy bitcoin, and please, take a look at its 1d chart. It's now in the FVG area, potentially moving down to the 94k. I remind you that BTC might not move up forever. We had experienced negative returns in December many times, and i think december is gonna be the right time to buy, not now.

I know it gets hyped due to the US possibly listing BTC as a strategic reserve. I always try to find the right time to buy bitcoin. Just because it's always moving up, then you open a position at peak price, then it's dumping and you lose your money.

A smart trader is always watching FVG, supply and demand area of bitcoin before try to enter the market. Patience is key.

[$weetne$$]

What do you think:

Is this the time time to open new Bitcoin position and are we at the best discount price for Bitcoin?

I think it is the best time to buy because during the bull market, all dips should be seen as an opponent to buy Bitcoin as the market will recover and you will make profits. It is time like this that people pray for when the price of Bitcoin is rising. If we do not take advantage of this dips, we will not be capable of making profits when the market starts to recovery. But you are not doing weekly buy by buying now, what you are doing is buying the dip which is also a good investing strategy after dollar cost average. I will recommend dollar cost average to buying the dip because you might get afraid when the market keep dipping after you have bought but if you are buying through DCA, you have already made up your mind to keep buying and would not be afraid of market dips.

[Odusko]

This is not a Bitcoin weekly buy, but you meant that it is good to buy Bitcoin this week right now. Weekly buying means buying Bitcoin every week. But anyone who reads your post and just the title will understand what you mean.

Since bitcoin fell to $58900 last, this has been how bitcoin price has been. It will rise and fall again, but in a way, it will only fall a little and continue to rise. This is more of a trading discussion, and I think it is worth trying if you can use low leverage with it.

I corrected the the title a bit to fit into this context of the discussion and for sure you can say that right now is not the best price to buy Bitcoin for long-term Bitcoin holdings, since an expected long period of corrections is going to happen eventually, so Bitcoin at this moment is still very high in price.

But for short-term traders who are looking for a short period of profits, this could be a good time to buy Bitcoin especially now that the Price of Bitcoin is at its 24-hour low and entry into the new week, the market is going to pick up again and even if there will be a possible correction, then it will come after Bitcoin crosses the $100,000 benchmark

[Miles2006]

From my observation the market might stand at $96k or beyond but right now no sign indicating the market next move. It’s just a mere prediction so if anyone decides to take it personal that’s their business. There’s no sign indicating the price will stay at $96k for so long yet we should watch and expect something positive. Buy now till when? If they’re buying for profit making now meaning buying with speed now just to meet up investors who invested earlier is a waste of time rather it will be better buying with a mindset to build their investment first although I’m referring to new investors.

[Wexnident]

~

It can be worth buying. Any losses would probably be minimal since we probably wouldn't be seeing any immediate crashes to say, 80k, 70k. So even if it did dip down below 96k, losses are still, well, low and there's higher chances of it going up just as you've said, especially if you're just shorting.

Personally, I'd buy in a bit more but I'm out of cash right now . My DCA sched is still later down the week. 

[terrific]

What do you think:

Is this the time time to open new Bitcoin position and are we at the best discount price for Bitcoin?

Possible.
And like what people have said in the past when we have passed $30k, $40k, $50k, $60k and so on.
It's very likely that we'll never see those price ever again.
Those that are in doubt and questioning if the price is expensive for them, let them do their thing and wait until the prices recoup to new ATHS.

[STT]

Buy regularly and the time is right for now and going forward to buy BTC imo.  We are in some decline (very short term) but further out BTC should rise well.

   The idea BTC can pullback is subjective and many will dispute this is true, its not proven just my idea it could; if anything it would be a positive right now for you as a buyer, it just means lower prices on the buy not that the sell later is any lower.

[mirakal]

At the moment the price of Bitcoin have corrected back a bit, and price of Bitcoin is touched below $96k recorded last low is 69,800 which based on my speculation will be the 24 hour's low that we recorded before we take off for the week recovery and possible all time high, and for sure I can say this is the right time to buy Bitcoin because the low 96k+ at the moment could be the possible low price for the today, note this is based on personal observations.

What do you think:

Is this the time time to open new Bitcoin position and are we at the best discount price for Bitcoin?

With the current price drop, I can also say that this would be a great timing to buy more bitcoin. If the price drops lower in the next days, then the more that you will be buying a lot.

However, the current price drop never guarantees the following price of bitcoin. It's still highly volatile and unpredictable. If you plan to invest, just spend an amount that you wouldn't mind spending in the next days or months.

[Dr.Bitcoin_Strange]

It's actually up to you to decide the price at which you want to buy BTC, but you can apply DCA strategy since price always move dynamically. You don't know if there will be price rejection when it reaches the previous resistance level.

[Oshosondy]

But for short-term traders who are looking for a short period of profits, this could be a good time to buy Bitcoin especially now that the Price of Bitcoin is at its 24-hour low and entry into the new week, the market is going to pick up again and even if there will be a possible correction, then it will come after Bitcoin crosses the $100,000 benchmark

I hope you enter long position when you posted this? The price did increased and which could be of enough profit for any trader that opened a long position at the time. Just like I said before, bitcoin has been behaving like this not only even during weekends but all the time. It will make little retrace and increased back and it happened again but the last price was not surpassed yet.

Yes I believe many people have placed sell orders at $100000 or a price that is slightly below it like $99990. Bitcoin price will definitely fall but the bulls can later dominate not long after. Bulls or bear, I do not know but I know the market will first fall to like $96700 before increasing back.

[Jewan420]

Whether this is the right time to buy or not will depend on your buying intention. If you want to buy for long-term investment then you can still buy without hesitation. Long-term investors can enter the market at any moment and I think this is the right move for them.

But for a trader, entering the market at this time would not be a good move. Because the Bitcoin market is now in a situation where it is almost impossible to say whether Bitcoin will pump or dump. Anything can happen, if the market dumps then a trader will lose. Even Bitcoin is not in a state to predict now. A trader should not enter the market in this situation.

[Solosanz]

What's the purpose, for long term holding?

But, if you plan to sell it at the peak of the current bull season, I don't think it's a good decision because we might see a correction in the next year before the peak happen in Q4 2025.

There's not much difference between $96K and $98K IMO.

[danherbias07]

Ride the FOMO. That will be risky but could also be rewarding. It's been a healthy week for the Bitcoin market moving up and down and I bet traders like it this way. But, if you are looking for long-term holding then I don't think there's such a thing as a good entry point.
We don't have the crystal ball to tell the future so the value of Bitcoin right now could be its lowest price if it keeps on going up or the highest and then it goes down as whales try to make profits out of this.
But do remember, they are also afraid to sell because there's a chance they cannot get in at a cheaper price and so they will also HODL.

[Fara Chan]

At the moment the price of Bitcoin have corrected back a bit, and price of Bitcoin is touched below $96k recorded last low is 69,800 which based on my speculation will be the 24 hour's low that we recorded before we take off for the week recovery and possible all time high, and for sure I can say this is the right time to buy Bitcoin because the low 96k+ at the moment could be the possible low price for the today, note this is based on personal observations.

What do you think:

Is this the time time to open new Bitcoin position and are we at the best discount price for Bitcoin?

It could indeed be a very good discount price to take advantage of because something like that usually won't last long and it has been proven that today the price of Bitcoin has returned to a price of $98K plus. So for those who immediately dared to buy more Bitcoin yesterday, of course now they have felt quite good profits because the price correction that occurred only lasted a short time. And on the other hand, I also assume that the level of stability of the Bitcoin price itself will often be at $98K to $99K for this month.

[boyptc]

What do you think:

Is this the time time to open new Bitcoin position and are we at the best discount price for Bitcoin?

This is another buying opportunity for those that haven't done anything yet. Look at the markets now when everything is in red, most people are afraid to do the buy outs.

But they don't realize that the whales will do what they have to do because that's the right time to buy.

It is no brainer that it's smart to buy when there are bloods in the streets just as what we're seeing right now. This is a correction and it's part of the process to see it happen.