Watching $70k support

[intrader]

I've been watching the charts today and it's crazy to see BTC dropping toward the $70k level after being so much higher recently. I’ve seen these big crashes before in 2018 and 2022, but it still feels a bit tense when it happens this fast.

Are you guys buying this dip or waiting to see if $70k holds? I think I'll wait a bit more to see if the panic selling stops first.

[JeffBrad12]

Buy this dip but moderately, in my opinion a drawdown could still happen. Possibly at $54k maximum seeing from the cyclical chart but the opposite could also happen which is a reversal. That'll be roughly another 25% drawdown. So, just use the money you can afford to hold for a long time.
If you insist to buy because you think we've hit the bottom, sure. Always DYOR, at least with bitcoin worst case scenario is holding for another 4 years until new bullrun came in.

[intrader]

Buy this dip but moderately, in my opinion a drawdown could still happen. Possibly at $54k maximum seeing from the cyclical chart but the opposite could also happen which is a reversal. That'll be roughly another 25% drawdown. So, just use the money you can afford to hold for a long time.
If you insist to buy because you think we've hit the bottom, sure. Always DYOR, at least with bitcoin worst case scenario is holding for another 4 years until new bullrun came in.

I agree, if you're buying Bitcoin, you have to be ready to hold for years. It feels like every time we think the bottom is in, there is one more 'flush' to scare everyone out.

It is impossible to catch the exact bottom, but if it hits $54k, I'll probably buy a bit more.

[bitbollo]

Pay attention to the the falling knife.
In my first day with btc, I have seen in the past even a bear market with 300 USD (-75% from ATH).
This is why probably the price of today doesn't really impress too much.
If I think about the past days, all the times, bear markets are just SALES. Discounts for all people that collect more bitcoin.

Also this is an interesting message. Bitcoin must be spent to have the "maximum" of their value, even if HODLING is still the key.
Imagine most of early adopters (according a common narrative in the media) have sold during the previous ATH.
Nowadays they can enjoy the btc with a an impressive discount (around 40-45% from ATH)!
At a certain point, average joe will realize advantages of bitcoin

[Awaklara]

Are you guys buying this dip or waiting to see if $70k holds? I think I'll wait a bit more to see if the panic selling stops first.

I might also wait, like what happened when Bitcoin was at the $75k-$80k price level; Bitcoin moved sideways for a few days, which might happen again at the current price.
If $70k doesn't hold, buying in the $60k-$65k range is a pretty good entry. But I think for the current market situation, we can't expect returns in a short time. If that price is reached, I might buy partially, not using all the funds prepared.

[intrader]

Pay attention to the the falling knife.
In my first day with btc, I have seen in the past even a bear market with 300 USD (-75% from ATH).
This is why probably the price of today doesn't really impress too much.
If I think about the past days, all the times, bear markets are just SALES. Discounts for all people that collect more bitcoin.

Also this is an interesting message. Bitcoin must be spent to have the "maximum" of their value, even if HODLING is still the key.
Imagine most of early adopters (according a common narrative in the media) have sold during the previous ATH.
Nowadays they can enjoy the btc with a an impressive discount (around 40-45% from ATH)!
At a certain point, average joe will realize advantages of bitcoin

I like that mindset. If you’ve seen the price drop that much in the past, today’s moves don't seem so scary. It’s all about perspective. It’s just a 'sale' if you believe in the long term.

It is lucky for those who sold at ATH in this cycle, but some of the earlier adopters even sold back in 2021. To them, the price of Bitcoin now is still unaffordable.

[bitbollo]

bear markets, cycles, volatility... all of these things keep bitcoin alive as "currency" or at least we don't have just an inflated asset.
Imagine if bitcoin was just pumping "tulyp-style". Everybody buying, no one will use as currency but just as a medium for speculation.
Bitcoin has ALWAYS been unaffordable too expensive and so on. But what drives the price? Or in general, what is the reason you give a specific price?
Of course these dumps seems very hard to digest, like a speculation or a clear market earthquake but... this is bitcoin.
If you are new ok. Personally I would not be shocked by lower value, literally 50% down of nowadays value. As I will not be surprised by the 1000% gain in 3-5 years. As probably price could go at same level as few months ago (80-90KUSD)
If you don't care too much about the price, but just about bitcoin you had to see this moments as "rare chance" to increase your bag....

[Charles-Tim]

Are you guys buying this dip or waiting to see if $70k holds? I think I'll wait a bit more to see if the panic selling stops first. I’ve learned the hard way that catching a falling knife usually hurts. Better to be safe, I think.

Someone called me when bitcoin was around $87000, he has been buying the dip with small amount of money. The last time he bought bitcoin was two days ago when bitcoin was around $76000. He is planning to continuing buying bitcoin every week.

I know also of someone that has began doing the same.

I still bought bitcoin yesterday and I will buy more if the price continues to fall, using small amount of money to buying it.

This was expected and it is happening now.

[laspol65]

The price of Bitcoin has broken the $70k range, but the way the price of Bitcoin is correcting, there is a high possibility of further correction. However, I have maintained my decision to buy Bitcoin at the moment of this correction, because I always buy Bitcoin by following the DCA method, so no matter how much correction there is, I will not stop buying Bitcoin, I will continue to buy Bitcoin. Because if the price reverses in the future, my chances of making a profit will definitely increase several times.

[shield132]

I've been watching the charts today and it's crazy to see BTC dropping toward the $70k level after being so much higher recently. I’ve seen these big crashes before in 2018 and 2022, but it still feels a bit tense when it happens this fast.

Are you guys buying this dip or waiting to see if $70k holds? I think I'll wait a bit more to see if the panic selling stops first. I’ve learned the hard way that catching a falling knife usually hurts. Better to be safe, I think.

70K USD is the best price to buy Bitcoin. I wasn't expecting it to go this low and wanted to buy when the price was 78K but thanks to my laziness, I didn't do that. I decided to buy it today, in a few hours at the price of 70K and hold it until it reaches a new all-time high or at least until it bypasses 100K USD. Can the price of Bitcoin go down further? It can, but it's risky. Max, it will go down to 50K but why risk it when 70K is already a very good price for nice profit? My suggestion is to buy it at 70K and hold. Extra waiting isn't worth the risk.

[Swordsoffreedom]

Are you guys buying this dip or waiting to see if $70k holds?

This will depend on each investor. Because each of us has different strategies, goals, and visions regarding the market. Just as many people once believed that the old market pattern had been broken, while others believed that history would repeat itself. Or many people believe that Bitcoin will not fall below $70k, while others believe it could drop below $60k or even $40k. So, in my opinion, there is no single answer or strategy that can be applied to everyone

For me, the bear market will not end anytime soon and there is still plenty of time ahead. Therefore, I'm not in a hurry to buy now, and instead, I will wait a little longer

[Stormisover]

bear markets, cycles, volatility... all of these things keep bitcoin alive as "currency" or at least we don't have just an inflated asset.
Imagine if bitcoin was just pumping "tulyp-style". Everybody buying, no one will use as currency but just as a medium for speculation.
Bitcoin has ALWAYS been unaffordable too expensive and so on. But what drives the price? Or in general, what is the reason you give a specific price?
Of course these dumps seems very hard to digest, like a speculation or a clear market earthquake but... this is bitcoin.
If you are new ok. Personally I would not be shocked by lower value, literally 50% down of nowadays value. As I will not be surprised by the 1000% gain in 3-5 years. As probably price could go at same level as few months ago (80-90KUSD)
If you don't care too much about the price, but just about bitcoin you had to see this moments as "rare chance" to increase your bag....

Good points you have there sir and the best consideration for any action should be understanding your position, if I a am new and have less of Bitcoin why should I be thinking of selling when those that has alot already and has been there for long we be taken a shift of selling for whatever reasons best known to them, for those new and still in the position having less of Bitcoin this is another chance and golden opportunity of increasing the bags at a discount without procrastination and it worth celebrating.

[Yaunfitda]

I've been watching the charts today and it's crazy to see BTC dropping toward the $70k level after being so much higher recently. I’ve seen these big crashes before in 2018 and 2022, but it still feels a bit tense when it happens this fast.

Yes, I'm just watching in right now, the last time I check the price still good at $74k. But then again, everyone is on a panic sell as there are a lot of FUD going around like the Epstein case that involves some Bitcoin developers.

Are you guys buying this dip or waiting to see if $70k holds? I think I'll wait a bit more to see if the panic selling stops first.

Of course, I'm buying within my capacity, this is a perfect opportunity and specially if you are a newbie, this is good price already. Or just continue what we do best, DCA so that we can removed all our emotions and just buy and accumulate and HODL and look for the bigger picture.

[armanda90]

Surely $70k is support price of bitcoin, last few minutes bitcoin drop under $69922 based on the lower price in Binance but has good recovery although can't predicting yet not drop any more. Its crucial moment right now how bitcoin price drop significant after dump to $72k and few minutes ago make new lower price under $70k.
Difficult position for entering right now during bitcoin still around $70k or waiting possibility have another new support lower price, by the way I try open order buy bitcoin around $69500 and I think has opportunity will fill, what your position right now guy keep waiting and watching the possibility bitcoin get new lower price or recovery back to the higher price hit above $80k?

[JaanusRaim]

I've been watching the charts today and it's crazy to see BTC dropping toward the $70k level after being so much higher recently. I’ve seen these big crashes before in 2018 and 2022, but it still feels a bit tense when it happens this fast.

Are you guys buying this dip or waiting to see if $70k holds? I think I'll wait a bit more to see if the panic selling stops first. I’ve learned the hard way that catching a falling knife usually hurts. Better to be safe, I think.

70K USD is the best price to buy Bitcoin. I wasn't expecting it to go this low and wanted to buy when the price was 78K but thanks to my laziness, I didn't do that. I decided to buy it today, in a few hours at the price of 70K and hold it until it reaches a new all-time high or at least until it bypasses 100K USD. Can the price of Bitcoin go down further? It can, but it's risky. Max, it will go down to 50K but why risk it when 70K is already a very good price for nice profit? My suggestion is to buy it at 70K and hold. Extra waiting isn't worth the risk.

Do not buy a dip. Buy strong undervaluation.

[BALIK]

Are you guys buying this dip or waiting to see if $70k holds?

Given the current situation, Bitcoin could very well fall even further. However, predicting where the peak and bottom will be is impossible, and it has already fallen by more than 40% from its peak. Buying at this price is reasonable, but I do not think going allin at this stage is wise. Instead, buying in portions would be a wiser approach because as mentioned, Bitcoin can still drop further.

I just checked the market and Bitcoin has now dropped below $70k, so clearly a buying opportunity at a lower price is approaching. But do not haggle too much, otherwise we will miss out on opportunities because Bitcoin can rise at any time.

[Leahized]

Are you guys buying this dip or waiting to see if $70k holds? I think I'll wait a bit more to see if the panic selling stops first.

Whatever the market situation is now,You have to be patient at this time. Now looking at the chart, it seems that there is a risk of further price reduction. But I don't want to miss this opportunity and I am already buying some amount of Bitcoin. Depending on the situation and momentum of Bitcoin, it is understood that more may fall. But I am waiting for it to go below $70k because I will buy more. However we all should always be cautious and pay attention to market analysis.

[intrader]

The price of Bitcoin has broken the $70k range, but the way the price of Bitcoin is correcting, there is a high possibility of further correction. However, I have maintained my decision to buy Bitcoin at the moment of this correction, because I always buy Bitcoin by following the DCA method, so no matter how much correction there is, I will not stop buying Bitcoin, I will continue to buy Bitcoin. Because if the price reverses in the future, my chances of making a profit will definitely increase several times.

I agree that DCA is a smart way to handle market drops because it removes emotional decision-making and reduces the risk of buying all at the wrong time. Consistency often works better than trying to predict the exact bottom. In my case, I sometimes wait for a lower price instead of following DCA strictly, and that has caused me to miss good entry opportunities. This experience shows that timing the market can be harder than sticking to a disciplined strategy

[intrader]

Are you guys buying this dip or waiting to see if $70k holds? I think I'll wait a bit more to see if the panic selling stops first.

Whatever the market situation is now,You have to be patient at this time. Now looking at the chart, it seems that there is a risk of further price reduction. But I don't want to miss this opportunity and I am already buying some amount of Bitcoin. Depending on the situation and momentum of Bitcoin, it is understood that more may fall. But I am waiting for it to go below $70k because I will buy more. However we all should always be cautious and pay attention to market analysis.

We just dipped under $69.5k on CMC, and as you mentioned, this could be the opportunity we’ve been waiting for. However, I’m still cautious because when a major support breaks, price often needs time to establish a new floor. I’m watching volume closely before placing my next buy order to confirm whether selling pressure is slowing.

[goldkingcoiner]

Sure, Bitcoin might fall down more but I am not waiting and hoping for 50K, or even 60K. 70K is really nice and cheap. I consider them 30%-off 100Ks. Eventually we are going to be sitting on a nice profit.

Or the crash could become scarier. Either way, cheap 100K Bitcoins right now