Watching $70k support

[Nathrixxx]

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.

The bear is going to be massive and this isn't just the end of the fall, currently we are around $66,000 and the market is showing more redness to fall further and dip the more, which is a good and perfect timing for buying more to hold, everyone who has the ability of doing this should endeavour to buy and hold, because the market is more volatile and the bear is glaring to continue until we have the presumed rate before the support could come in.

[tygeade]

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.

This is sort of true, but when it's going down we should realize that it is not going to be profitable to hold. So doing DCA from this point forward would make a lot more sense, and would gain us some profit as well. A lot of people miss that part and because of that they end up with losses but the reality is that we are going to see prices be a bit different from here on out and it will crash.

So if you want to make profit from crashing bitcoin then you have three possible ways of doing it. One is DCA obviously which is the most suggested and for me the best method, second is selling now and trying to guess the bottom and buy at the lowest point which is hard to predict, and third is doing short futures which is the riskiest and to me worst option.

[Powerjumboo]

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.

Today we can see that Bitcoin has reached $62345. The way Bitcoin has started dumping, it seems that Bitcoin will soon break $60000 and settle at $50000. But I never imagined that it would fall so quickly. However, the more it falls, the more it is likely to rise. After the few big falls that we have seen, we have seen a much higher upward trend in the Bitcoin market. Maybe this time too we expect a huge upward trend after the fall. No one should worry about this dumping market. If you have the ability, invest according to that ability. Hopefully, you can expect something good very soon.

[livingfree]

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

Well, that $70k support didn't held for so long and it dropped below that.

I think I'll wait a bit more to see if the panic selling stops first.

Meanwhile, I'm also waiting while watching what might happen to the market in the end. Because I guess that's when the calm will come back after this storm.

The market is so volatile right now and I'd advise the traders to stop currently if they can't bear how it goes.

But for the long term holders, we do nothing but either buy or simply hold.

[Jewan420]

This is my first experience with such a big drop, but I am not panicking at all, instead I am trying to consolidate as much as possible for long-term holding. We are now 50%+ down from ATH, this drop was completely unexpected and rapid. The speed with which I am still unable to adapt. Most of the time, a drop in Bitcoin is a sign of something big, maybe we will see a rocket speed rise very soon.

[Iranus]

This is my first experience with such a big drop, but I am not panicking at all, instead I am trying to consolidate as much as possible for long-term holding. We are now 50%+ down from ATH, this drop was completely unexpected and rapid. The speed with which I am still unable to adapt. Most of the time, a drop in Bitcoin is a sign of something big, maybe we will see a rocket speed rise very soon.

We are in a bear market, not a regular correction, and it has only just begun.

If the market cycle is indeed repeating itself, things could get worse and the bear market could last until the end of the year. The bear market will not end anytime soon, so do not be impatient and do not rush to believe in any sudden recovery and see it as a sign of a trend reversal.

Any price increase is only a temporary recovery and sets the stage for a deeper decline

[michellee]

This is my first experience with such a big drop, but I am not panicking at all, instead I am trying to consolidate as much as possible for long-term holding. We are now 50%+ down from ATH, this drop was completely unexpected and rapid. The speed with which I am still unable to adapt. Most of the time, a drop in Bitcoin is a sign of something big, maybe we will see a rocket speed rise very soon.

Good if you don't panic. That is the thing you should do so you can buying Bitcoin at low price. Bitcoin down too deep and there is a chance to see another drop. The situation is unexpected and only those who ready will benefits and they will buy as much as they can and hodl.

But I am not sure if the price will increase fast after this drops. Maybe we needs to wait for some time and also waiting for the good news which can lift the price increase.

[JeffBrad12]

The bear is going to be massive and this isn't just the end of the fall, currently we are around $66,000 and the market is showing more redness to fall further and dip the more, which is a good and perfect timing for buying more to hold, everyone who has the ability of doing this should endeavour to buy and hold, because the market is more volatile and the bear is glaring to continue until we have the presumed rate before the support could come in.

Buying right now is logical, but people are always scared seeing a big dump so they hold from buying until price recovered back and thought they arleady missed the opportunity.
Small buys timed periodically can be helpful like what I'm doing. Don't get too fixated on the profit by buying in one go, manage the risk and don't be too greedy. You can always buy another day if you have capital, but you can't buy again if you don't have any capital left.

[Akbarkoe]

This is my first experience with such a big drop, but I am not panicking at all, instead I am trying to consolidate as much as possible for long-term holding. We are now 50%+ down from ATH, this drop was completely unexpected and rapid. The speed with which I am still unable to adapt. Most of the time, a drop in Bitcoin is a sign of something big, maybe we will see a rocket speed rise very soon.

Good move, panic will only make us lose and lose the bitcoins that have been collected, the price decline is very fast, it could also be that we will get a faster reversal for price reversal because if we count we have not fully entered the bear market, this journey is unlikely to be quickly hit just like that, many price levels that become support do not hold, we spend the bears first then they will enter the bulls.

Even if there is another drop from $60k then we should continue to add artificially with our abilities, don't forget to manage risk friends.

[Republikcoin.com]

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.

The lowest price this month has even reached $60,000, which was panic selling due to the amount of bad news going on at the moment. But if we look at Bitcoin's price cycle, it's clear this year is one where corrections are more frequent than price increases. For example, we've seen this in the year you mentioned, where Bitcoin's price correction was also very sharp, although not for a full month. Now I'm tempted to re-enter the market to buy Bitcoin, but I also want to see if this sharp decline is over for Bitcoin.

[EarnOnVictor]

-Snip-
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 don't know what you see in the $70,000, because it is not popular, let alone calling it a support that you referenced this much. Unfortunately, the level was breached yesterday mercilessly, as the Bears are getting so angry now. Perhaps they are disappointed in Bitcoin, which could force this selling to linger longer.

Let's see how this level holds as a resistance.

[Ndabagi01]

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.

By now you should consider buying the dip because Bitcoin has fell so rapidly below $70K and will continue to fall more as experts have predicted. Most expert analysis are now pointing the price of Bitcoin to even reach $58K which if it continues to fall this fast, it’ll go below more and reach that price sooner than expected.

By now, most of us should have known that Bitcoin has reached its peak for the bull run and has now headed for the bear market which has already began. We may see that sometimes bitcoin will react to the trend and go sideways, but ultimately, bitcoin will continue to be bearish for now because we are in the bear season already.

[free-bit.co.in]

By now you should consider buying the dip because Bitcoin has fell so rapidly below $70K and will continue to fall more as experts have predicted. Most expert analysis are now pointing the price of Bitcoin to even reach $58K which if it continues to fall this fast, it’ll go below more and reach that price sooner than expected.

By now, most of us should have known that Bitcoin has reached its peak for the bull run and has now headed for the bear market which has already began. We may see that sometimes bitcoin will react to the trend and go sideways, but ultimately, bitcoin will continue to be bearish for now because we are in the bear season already.

Do you remember when Bitcoin surpassed $100k, most experts predicted it would reach $150k or $200k before the end of 2025? But what were the results? Now that Bitcoin is falling, they predict it will fall even further. LOL

While I agree that bitcoin could fall further, it would be naive to invest based solely on what self proclaimed experts say. Furthermore, looking at the current market situation, it is easy to see that Bitcoin is highly likely to fall even further. It is no secret and only experts realize it.

The only way to survive in this market is to DYOR.

[Strongkored]

This is my first experience with such a big drop, but I am not panicking at all, instead I am trying to consolidate as much as possible for long-term holding. We are now 50%+ down from ATH, this drop was completely unexpected and rapid. The speed with which I am still unable to adapt. Most of the time, a drop in Bitcoin is a sign of something big, maybe we will see a rocket speed rise very soon.

With such a significant drop, Bitcoin will not recover quickly as this is actually an indication of a bearish market, and you should be careful because the price may fall even further, even below $60K. However, as a long-term holder, you should not panic but rather see this as an opportunity to acquire more Bitcoin.
We have seen that Bitcoin is impossible to always be bullish and this is an opportunity for those who sold at the top of last year to start accumulating again.