Hope bitcoin will not fall to $63900?

[GreatArkansas]

Currently, there’s a chance we retrace back up a bit but it does look that strong unless we break above the current trend. Retesting the current bottom  again could stop holding  as a demand zone anymore and probably result to a further downward movement. Expecting a possible sharp drop if that happens unless there’re still some strong active buyers.
Whichever happens, buy the dip and HODL .

It just seems we are creating significant support at the $60,000 level. As we all know, this was the peak of the year 2021, and in 2024 it became the resistance that broke, and we just went straight upto $100,000.
So for me, safest support is $60,000 more or less, $63,900 still acceptable as I have bid orders on this level, some of them already filled on recent dumps.
I am still looking forward to buy more on these level like $60,000 could be the dippest price I can.

[Awaklara]

I am still looking forward to buy more on these level like $60,000 could be the dippest price I can.

You might have to wait longer to see Bitcoin drop to $60k, because in a short time Bitcoin rose to $66k. This might not be a market trend change, just a small pump that will later be corrected. There is still confidence that Bitcoin will drop to $60k. I also just bought yesterday at $64k. If another drop happens, I will prepare for the next purchase. We are in a good market situation to buy more.

[jcojci]

According Bitcoinwisdom, Bitcoin reached $62k although the price reverse to $63k now.

When I google today's low, it comes up at $62,900. Anyway, the price has fallen below what the OP feared. It is a full-blown support break and sets the stage for lower lows ahead.

Ouch.. I missed that but as I write this, the price is back and reach $65k levels. I see there is an indication the price may increase but I still doubt.

I hope the price will not lower than $60k.

But I am ready for that and hopefully, people also ready if the price is down for more.

[Out of mind]

If bitcoin will rise, it is now showing that it may not go above $75000 for a long time, as the daily candle is sluggish, it has now gotten to the point that  bitcoin may not go above that price for a very long time.

But what I am seeing now is that bitcoin may first drop in price to at least $63000 and hope it will not fall more than that to first form a double bottom or fall more. Allt these three about the fall is very possible.

What do you think about this?

The price of Bitcoin fell below $63,000, although it has increased slightly at present, but the current market conditions seem to suggest that it may go even lower. Yes, if the Bitcoin market increases for some time, it may not enter above $75,000 and then fall again. The market is likely to be in a recession now. Since many people are analyzing the market in many ways at the moment, some are talking about a decline and some are discussing that it will enter a high. However, we can see that the possibility of the market going up is not so much an introduction but a high possibility of a decline and it has already gone much lower.
If we look at the lowest point of the market from the highest ATH, then there has been a decline of almost half. However, I think that the possibility of the market going up this year is very low, rather the market may come down further, so we have to buy and be patient. The market is likely to come down below $50,000, the way the market candles are moving indicates the possibility of a recession.

[Alonso_]

Do a ladder down and hodl buy.

65k
64k
63k
62k
61k
60k
59k
58k
57k
56k
55k
54k
53k
52k
51k
50k
49k
48k
47k
46k


And a dca buy. For a year.

The ladder down need be say 130 each time total of 20x 130 = 2600

The dca would be 50 a week or 50x52 = 2600

At the most you spent 5200  bucks

There is a huge possibility that bitcoin falls below the range that the OP is talking about, but as an investor I wouldn’t be so concerned about the price of bitcoin, instead I will be more concerned about having a discretionary amount that I will be buying bitcoin since Bitcoin is in a bear season you have to be prepared and be buying more and more.

Right now I will be buying bitcoin more aggressively, because it’s a bear season and it’s an opportunity to have more Bitcoin into your portfolio and since you’re stacking up more Bitcoin it makes more sense to have available discretionary money to keep buying and accumulating Bitcoin and holding.

Now you can still be buying bitcoin on discount price, and having that available money in your discretionary and still be buying through the DCA, if I have money I will also be buying more and more in an affordable price on discount, there is a huge difference in buying bitcoin, 95k and 64k now, so it’s good to make haste while the sun is still shining.

[Alpha Marine]

At this point, I won't be surprised if it even goes below $63k to $60k. I just do not want it to go below $60k. Not because I believe in any of the doom predictions that say it won't go up again if it reaches a certain price, but just because it wouldn't look good to see Bitcoin in the $50k region again. This is just a personal feeling.

I agree that even if the price stops going down and starts appreciating, it will remain below $75k for a while. When the price starts going up, I don't believe it will just pump to above $80k in a short while. If that happens, there will be a correction, and the price will go back down again.

[colinistheman]

I hope the price will not lower than $60k.

But I am ready for that and hopefully, people also ready if the price is down for more.

Why? If you are prepared and ready, why not hope it drops below $60k? As we all know, the more Bitcoin you buy at a low price, the greater the potential profit in the future. Unlike you, I actually want Bitcoin to drop even further, and it would be great if it could fall to around $40k. But I doubt Bitcoin will be able to fall to that level.

We are in a bear market and anything can happen, so always be prepared for the worst case scenario.

[Charles-Tim]

Ouch.. I missed that but as I write this, the price is back and reach $65k levels. I see there is an indication the price may increase but I still doubt.

I hope the price will not lower than $60k.

But I am ready for that and hopefully, people also ready if the price is down for more.

When this topic was posted, or few minutes or hours before it was posted, and after it was posted, I have been seeing on news that bitcoin price will increase to $83000, but later I saw it will increase above $75000. If this is the indication that you saw, do not believe everything you see online. They can be accurate during bull market, but bear market is a different thing about them entirely. But there are times that the speculation may be correct.

[Leahized]

Currently, there’s a chance we retrace back up a bit but it does look that strong unless we break above the current trend. Retesting the current bottom  again could stop holding  as a demand zone anymore and probably result to a further downward movement. Expecting a possible sharp drop if that happens unless there’re still some strong active buyers.
Whichever happens, buy the dip and HODL .

Now the situation is such that the price will not come down much. If you analyze the chart well, you will see that the candles look green. Moreover, the market is getting stronger now. If the price goes down, the quantity of buyers will increase, and the buyer will increase in turn. This means that bitcoin fills small gaps very quickly. But the big industries will definitely buy Bitcoin and it won't go down too much. Moreover, big companies like BlackRock, strategy are constantly buying bitcoins.

[AGogi2003]

That may happens as the price sign to go down below. The pressure still there and trying to make the price down. But no need to panic because if the price really down and we can stay calm, we will see time to buy.

Maybe..maybe we will see the price down to $60 levels especially if the situation become worst. Hopefully, people out there will not make a short decision. Be careful and not too close to the market if you can't stay calm.

We can't predict the market anything can be possible, bitcoin price can go below even $50 because bitcoin is volatile but you should just get the believe that no matter the deep the price most surly raise again and you will gain your profit, is just need a time and patience and you will see the result. But if you can't be patient enough is better you should not even start it because you won't see the value of your investment.

Since you can't control yourself because anytime to price is dropping down you will start to shock and think you will lose everything in your wallet so is better to no start so that you will feel better and won't give your self pressure. Because bitcoin need calm and believe before you can enjoy it, bitcoin price as not be settled for some times now and we don't really know when the price will start to pump so we should invest when we have the money and stop complaining about the market, because nothing we can change.

[justdimin]

If bitcoin will rise, it is now showing that it may not go above $75000 for a long time, as the daily candle is sluggish, it has now gotten to the point that  bitcoin may not go above that price for a very long time.

But what I am seeing now is that bitcoin may first drop in price to at least $63000 and hope it will not fall more than that to first form a double bottom or fall more. Allt these three about the fall is very possible.

Looking at how low it has gotten already still we could say that under 60k is not possible with the current wave at this time, we are just heading for testing a resistance level now. I am not sure exactly when this will happen but I know that it is not impossible for it to happen and will probably happen. We should be considering how this could be getting done soon enough though, probably during spring, sometime in march or April, we are going to see above 80k as of now it seems, that's how it does.

It takes step by step to recover, first we fell a bit, then a bit recovery and it always takes time to build a bull run and first establishes its place from where it will turn bullish. So we did that for between 60k to 70k level and now we are going to see testing next psychological resistance which would be between $75k to $80k level.

[leonair]

If bitcoin will rise, it is now showing that it may not go above $75000 for a long time, as the daily candle is sluggish, it has now gotten to the point that  bitcoin may not go above that price for a very long time.

But what I am seeing now is that bitcoin may first drop in price to at least $63000 and hope it will not fall more than that to first form a double bottom or fall more. Allt these three about the fall is very possible.

What do you think about this?

Nothing is guaranteed but possible. I also think it's normal for Bitcoin to drop to $40k. Because this is not the first time for Bitcoin, every major move has a major price correction like this. The sudden change in the market situation is not just a normal correction, but a war, large-scale tariff issues suddenly have a big impact on the crypto market. This is why volatility is more visible. However, this is very enjoyable for long-term holders and those who do DCA.

[Franctoshi]

If bitcoin will rise, it is now showing that it may not go above $75000 for a long time, as the daily candle is sluggish, it has now gotten to the point that  bitcoin may not go above that price for a very long time.

But what I am seeing now is that bitcoin may first drop in price to at least $63000 and hope it will not fall more than that to first form a double bottom or fall more. Allt these three about the fall is very possible.

What do you think about this?

If Bitcoin had dropped below 63k and 60k that would have been a clear indication that the market will continue to melt down further, but currently we held the level strong and didn't break it and bounce off that level and we currently testing $69k, so what I'm looking at is what happens tomorrow and next, as the month is coming to an end. We've been down for a couple of months now and the market needs a relief.

[promise444c5]

It just seems we are creating significant support at the $60,000 level. As we all know, this was the peak of the year 2021, and in 2024 it became the resistance that broke, and we just went straight upto $100,000.
So for me, safest support is $60,000 more or less, $63,900 still acceptable as I have bid orders on this level, some of them already filled on recent dumps.
I am still looking forward to buy more on these level like $60,000 could be the dippest price I can.

2021 ATH was around 68k~69k which is same as the current market as I write..  hence, I will consider 62~63 a weak support and can be broken anytime. Normally with how stuck we were at 68~73k  resistance in 2024, it was supposed to hold as a strong support after it was broken.  Breaking it easily shows that the entity/entities shift their position down to 62k~63k and so far this buyers are in control they can decide to switch position again downward.. I will also assume they are same bodies acting as seller at the  same 68~73k sin Feb 5th.
This is my view, might look like nonsense but it isn’t just coincidence we are stuck in same loop as early 24

[STT]

I noticed that since February 6th, all prices have been within the range of that one day.  Engulfing candlestick price action I think they call that or if they dont Im saying they should
  What does that mean, the obvious part is we are range bound in quite a restricted area.  Also examine the volume and its been slight ever since and confirms BTC is contained since that negative action at month start.

  We cannot presume the direction by which Bitcoin will leave this area just yet, however I think volume in the 60k's is now increased and more significant hence we will be bullish above and vice versa.

[_act_]

2021 ATH was around 68k~69k which is same as the current market as I write..  hence, I will consider 62~63 a weak support and can be broken anytime.

$69000 was the November 2021 all time high.

$62000 to $63000 are not weak support at all, but the thing is that strong support can later be broken. The main strong support would be $60000 but as bitcoin was unable to go below $62000 and increased back to almost $70000 not long ago, that is a strong support.

Let us see what would happen, it is like the bitcoin may try to get to $70000, let us see if the buyers will still be weak, which can drive the price back below $66000 again.

But in short, bitcoin is performing good.