Is this price range a opportunity or a trap?

[coinrifft]

I have read that at the current price of $80k-$90k, this should be the accumulate range.

But others are pointing out that this could be just the start of the first leg as we can see the price going on deeper correction next year?

Where are the majority siding here? The former or the latter?

Edit: added a poll as per @Fivestar4everMVP.

[Beparanf]

I have read that at the current price of $80k-$90k, this should be the accumulate range.

But others are pointing out that this could be just the start of the first leg as we can see the price going on deeper correction next year?

Where are the majority siding here? The former or the latter?

I believe on accumulation phase rather than another leg down since there’s no major news that will backed the long term bear on Bitcoin price.

Unlike before that there’s always a major FUD that fuel the price dump. I’m optimistic on Bitcoin price growth long term rather than pay attention on the short term correction even if it dip below 80K or lower.

Every price dump is a very good opportunity for accumulation.

[IjawMan]

Where are the majority siding here? The former or the latter?

Former or latter I do not care, but while I will not deny that there are extreme fears about the market dew to the draw-down of bitcoin price plunging fastly lower than the expected time.

I will love to resound it that the lows of today were one time regarded to be the highs, yesterday. The potential reversal point as bottom is literally unknown, the $80,000 - $90,000 given to be accumulation range is still speculation.

My focus is on accumulating with what i can risk at every range in projection for a reverse from wherever market decides.

[Dave1]

I have read that at the current price of $80k-$90k, this should be the accumulate range.

But others are pointing out that this could be just the start of the first leg as we can see the price going on deeper correction next year?

Where are the majority siding here? The former or the latter?

I will go with the latter, I think the price could still see another leg down next year and so that could be the best time to accumulate. However, at this price, still very enticing to go and test and accumulate specially for newbies and then see how it goes.

If it goes down, then at least you have some already in you wallet and then take that opportunity to stack sats. But you forget one thing that is very important for newbies, that is to look for the bigger picture and be a long term holder.

[Fivestar4everMVP]

I have read that at the current price of $80k-$90k, this should be the accumulate range.

But others are pointing out that this could be just the start of the first leg as we can see the price going on deeper correction next year?

Where are the majority siding here? The former or the latter?

You could have created a poll to help you know which side more users are actually on.
For me, I always believed that this prices we are currently seeing is as a result of the festive season that is currently upon us, from January to November; alot of people have invested every penny they have in bitcoin and many other cryptocurrencies believing that before now, the price of Bitcoin would have reached the $150k range and even crossed it, and they are sell part of the investment so they can have money to carter for their expenses this festive season..

But unfortunately, many are disappointed because things didn't go as they initially planned, and many can not wait but to sell, some even at a loss to end they don't celebrate xmas and new year stranded off cash..
So by January, I am expecting the price of Bitcoin and many other cryptocurrencies to start rising again as investors will be coming back into the market with new money..

This is just my personal thought though, not a financial advice.

[davis196]

I have read that at the current price of $80k-$90k, this should be the accumulate range.

But others are pointing out that this could be just the start of the first leg as we can see the price going on deeper correction next year?

Where are the majority siding here? The former or the latter?

The concerns about the AI bubble are what brings Fear Uncertainty and Doubts to the cryptocurrency market(and the stock market as well).
The subpar data about the "Trumponomics" in the USA also adds skepticism among the traders. Data about new jobs in the USA is rather disappointing and the inflation levels are higher than the target level.
Many crypto experts are expecting a bear market next year. Is this because of the "price cycle" theory or just fundamental analysis? I think it's both. The only factor, that would bring the price back to levels above 90K or 100K is the next FOMC meeting lowering the interest rates.
Many crypto traders are waiting for good news around 9-10 December.

[Free Market Capitalist]

It's a good opportunity if you're foolish enough to sell your Bitcoin when it drops, only to fall prey to FOMO again in the future and buy at peak prices. That's what most people who gamble with Bitcoin do instead of investing.

[BitMaxz]

Actually, it's cheap; you should buy some if you plan to hold it for the long term and can handle emotion when the price drops more below $80k.

Remember, a trend should always have a retracement since we are currently in a bearish trend in a daily time frame; possibly the recent pump is just a retracement for bearish continuation. So it could be a trap if we buy, but we could also think, based on the chart and old data, that it already touched the volume area low on last year's data; there's a possibility that the market will shift back to bullish.

Honestly, no one knows what will happen, but if you know the previous cycle, then this should be the beginning of bearish season.
I'm watching the market on the previous breakout around $96k-$98k, and maybe this pump is going to retest this area before the bearish continuation.

[7juju]

The market has given you an opportunity to accumulate bitcoin and you are still waiting for further corrections, the question you should ask those that are saying you should wait for more corrections is that how sure are they that the market will correct or dip more than it is right now. I am not saying there's no possibility of that happening but for me it is better to accumulate and utilize the opportunity you are seeing than waiting for more corrections which may or might not happen. What I will only advise is that you shouldn't go all in at once.

[OgNasty]

It depends on your timeline for your investment.  Planning to hold for 4+ years?  Go ahead and dollar cost average until you're blue in the face.  Desperately needing money early next year and you want to try and double it real quick?  Maybe you should steer clear of investing at this time.

I feel pretty confident that Bitcoin will be lower one year from now.  I also have the same confidence that Bitcoin will be priced higher 3.5 years from now. 

So I would say the current price is an opportunity for traders and a trap for investors. 

[Callido]

Where are the majority siding here? The former or the latter?

Edit: added a poll as per @Fivestar4everMVP.

Only few have voted in the poll, i submitted a vote for opportunity to accumulate.

Is the fear about Bitcoin falling more below $80K, why not see the other side if the market should move to an upward trend.

Moreover, if the price goes below $80K, instead of taking it for the worse, see it as an opportunity to accumulate another fraction.

[EL MOHA]

Only few have voted in the poll, i submitted a vote for opportunity to accumulate.

Is the fear about Bitcoin falling more below $80K, why not see the other side if the market should move to an upward trend.

Moreover, if the price goes below $80K, instead of taking it for the worse, see it as an opportunity to accumulate another fraction.

This period is actually why it is referred to as accumulation time because the best thin is to actually be buying or accumulating and than doing anything else. During this period there will be various periods of market consolidation and even some periods of pump akd dumps which will make it difficult to actually predict the market and as such the best thing is to simply just accumulate and forget about the market direction for now.

During the period of accumulation the target for bitcoin shouldn’t also be a short term price target but rather something around four years or the halving cycle should be least the target this way the idea behind the likes of bull or bear trap doesn’t affects you much

[bhadz]

Every price that we're hitting is an opportunity to accumulate if you're a long term investor. But if you have plans of entering now and yet, you're only short term, no one will know if this is a good buying entry for you and that's why others are telling to wait for the next big drop so that you can buy at that price when that comes. So, think of how long you think you wanna stay in the market because me, I'm continually accumulating regardless of how much the price of Bitcoin because if this bull run is done, I'm okay that I have started to accumulate also at this point.

[STT]

Accumulate is correct and be happy the price is lower which gains you more units of BTC.    There is a chance of lower and I see a gap possible for that to occur but in the majority I still expect BTC to be bullish not especially prove negative.
  This is normal volatility for BTC and unfortunately you must be ready to have such drops and be happy about it as it is normal and will happen again in future I imagine.   I would expect a rise first even if later it sold, generally try to buy when the price is lower like when you buy anything really.

It will be easier to judge BTC movement 24hr or more from now as I think its bounced but not proven its exact direction beyond that.

[0x000369]

hey everyone i see a lot of debate here but for me this 80k to 90k range screams opportunity especially if youre thinking long term like holding through the next halving cycle bitcoin has always bounced back stronger after these kinds of dips look at past bull runs the real trap is trying to time the absolute bottom and missing the ride up with stuff like trumps pro crypto policies and fed rate cuts on the horizon i would'nt be surprised if we see a quick rebound early next year.

voted for accumulate in the poll hands down its better to buy now and dca if it dips more than sit on the sidelines forever 

just my two sats been holding since 2021 and these corrections are normal dont panic sell guys

[AdobeWriter]

Everything hinges on what happens in 2026. If Powell is replaced with someone extremely dovish and rates get cut hard we'll see higher prices. If Trump stimulus checks become a reality BTC price likely will explode. If QT really ends in December and QE starts soon after, it will also help risk assets to explode.

For the rest of the year the biggest thing that I can currently think of and might seriously push prices is whether fed cuts rates in December.

[philipma1957]

you gave too few options.

buy some now and set a three or four step downwards ladder. is what i did.

i now have put. in buys. at

all these hit:

89
87
85
83
81
————————-
yet to hit:
79
75
67
—————————

[Pi-network314159]

I have read that at the current price of $80k-$90k, this should be the accumulate range.

But others are pointing out that this could be just the start of the first leg as we can see the price going on deeper correction next year?

Where are the majority siding here? The former or the latter?

It is obviously the opportunity to accumulate more according to the pow. Although I myself don't need the poll rating tommake my decision but however accumulating now is necessary, you don't need to wait for Bitcoin to deep more before buying while we all know the implications of waiting for BTC to dip before buying. BTC is unpredictable which implies that it may never fall below this current Price ranges again or it may as well fall below which is vise versa. But the previous ATH should always be a reminder to us that we are heading somewhere. We have been there before and we are expecting to cross that line so wether you buy now or later BTC must ht ATH and even creat aw one, so you have nothing to lose regardless of the time you buy. If you buy now and BTC falls, you will still need to buy more to have more Bitcoin stash in your portfolio.

[fullfitlarry]

How can this be a price range trap? This is a opportunity right into our face, we should take advantage and buy a lot or start our accumulation phase. I do like and learn from @philipma1957, maybe a ladder down style of selling or buying.

And if we talk about 2026, that could be a new horizon, new image that might emerge that we are in the bull run.

So with that, another opportunity to buy again. What we are seeing is a win win for long term investors as we can buy at this cheap price.

[laijsica]

I have read that at the current price of $80k-$90k, this should be the accumulate range.

But others are pointing out that this could be just the start of the first leg as we can see the price going on deeper correction next year?

Where are the majority siding here? The former or the latter?

Edit: added a poll as per @Fivestar4everMVP.

The smaller your expectations, the narrower your investment horizon will be. You will not find any reason to think that the correction period will be short or long.

There are many factors that determine the probability of a price increase in the future. This will only put your position on a solid foundation for regular Bitcoin accumulation.

The description you have given about price corrections is mostly incorrect. Do you always expect Bitcoin to increase in value? This is definitely a misconception.

A strong desire for price increase at all times should not be a sign of a real investor. The decrease or increase in price is part of the global financial process and is related to demand so it is the best decision to accumulate Bitcoin regardless of the price. So that the possibility of high profits after hitting the target point.