Watching $70k support

[Asiska02]

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.

Bitcoin looks to have started losing its dominance, and that has lead to the panic sell in the market and some other factors that the market cannot get to uphold strong to not fall. If we’re being honest to ourselves, the crash is just a sign of the bear market now upon us, so the best thing to do now is to hold and look for opportunities to buy more and add to our portfolios. I doubt if the market will hold on to that support zone strongly for the next one month without falling further, the bear season looks to have started, but we shall wait and see how the market reacts till the end of the month. The market looks to be one sided, and not going back up again but observing the situation now is much better as coming to early conclusions of the market now can lead to another surprise, the market remains unpredictable to all.

[philipma1957]

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.

Bitcoin looks to have started losing its dominance, and that has lead to the panic sell in the market and some other factors that the market cannot get to uphold strong to not fall. If we’re being honest to ourselves, the crash is just a sign of the bear market now upon us, so the best thing to do now is to hold and look for opportunities to buy more and add to our portfolios. I doubt if the market will hold on to that support zone strongly for the next one month without falling further, the bear season looks to have started, but we shall wait and see how the market reacts till the end of the month. The market looks to be one sided, and not going back up again but observing the situation now is much better as coming to early conclusions of the market now can lead to another surprise, the market remains unpredictable to all.

Still stacking in hopes of a teddy bear rather than a grizzly bear.

We will know soon enough.

[Bitcoin_people]

We can see that the price of Bitcoin is currently in the $70k, although many people bought from deeper. However, those who are buying now will definitely wait to sell higher, although we have seen the market fall quickly, which is very disappointing. The way the market has touched $70k from the lowest is a bit of excitement, maybe we are hoping for the market to enter higher. However, we should buy now and wait, but there are some people who will be waiting for the fall again. I think if we can buy using DCA at this time, it will be better and the risk will be lower since the market is more likely to go into a recession.

[Smack That Ace]

Bitcoin looks to have started losing its dominance, and that has lead to the panic sell in the market and some other factors that the market cannot get to uphold strong to not fall. If we’re being honest to ourselves, the crash is just a sign of the bear market now upon us, so the best thing to do now is to hold and look for opportunities to buy more and add to our portfolios. I doubt if the market will hold on to that support zone strongly for the next one month without falling further, the bear season looks to have started, but we shall wait and see how the market reacts till the end of the month. The market looks to be one sided, and not going back up again but observing the situation now is much better as coming to early conclusions of the market now can lead to another surprise, the market remains unpredictable to all.

Bitcoin has never lost its dominance, it remain the most reliable and largest crypto on the market.

For financial markets in general, it is simply because capital is constantly rotating between different markets. We cannot demand that money will always flow into bitcoin and stay there forever. Every market has its own cycle.

The bear market has been going on for a while, and we are even very close to the bottom, not just starting. This is a good time to accumulate bitcoin, and we should take advantage of this opportunity instead of hesitating.

[virasog]

Bitcoin has never lost its dominance, it remain the most reliable and largest crypto on the market.

For financial markets in general, it is simply because capital is constantly rotating between different markets. We cannot demand that money will always flow into bitcoin and stay there forever. Every market has its own cycle.

The bear market has been going on for a while, and we are even very close to the bottom, not just starting. This is a good time to accumulate bitcoin, and we should take advantage of this opportunity instead of hesitating.

Bitcoin Dominance will always remain high among all the altcoins because there is no altcoins that can replace or take over bitcoin. Infact the all altcoins market depends on bitcoin and that is why we see that bitcoin pumps first and then some money floats into altcoins and they also pump because of low market cap.

In previous years we saw no altseason because there was no money rotating from Bitcoin to altcoins. If this trend continues we may see altcoins getting dead. Anyways for bitcoin I think we need to wait for change of structure before we can see any good momentum in bitcoin.

[GeorgeJohn]

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.

The crash of bitcoin is not long tempting me to be panic or new thing to bitcoin investors...Someone who has experienced falling of bitcoin will not panic, because it has been the nature of bitcoin...the price was not meant for continuous price acceleration..

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.

Theirs no difference between buying bitcoin at [80k] and [70k]..Bitcoin is already falling more, it will be good to check the chart first to be able to know when to buy and when not to buy bitcoin...Right now the price is at [65k] and their's every tendency that the price will fall below the falling stage of bitcoin right now..

[Odusko]

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.

If you have watched Bitcoin chart in the last one week you will see that Bitcoin already shown signs of both sides movement, we saw price dip below $65k BTC and then correct upward back to $70k+BTC, this market movement shows the level of volatilities in the market and how any unexpected market movement can happen, so my conclusion is that you buy the amount you can afford to hold for a long period of time.