Hope bitcoin will not fall to $63900?

[EarnOnVictor]

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.

I've had this view that Bitcoin will find it difficult to penetrate and close above $70,494, as a breach of that level could put a temporary setback to all the drops we've been experiencing. For now, the bias is bearish, and it will only make some corrections at times, to take a nosedive again.

But what I am seeing now is that bitcoin may first drop in price to at least $63000.

Your $63,000 is not excessive, so I believe it's still within the range of what Bitcoin could hit this week. Patience is key at this moment. The fact that it has broken below the immediate support that held it in the latter part of last week at $65,575, means it would fall further.

[aoluain]

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

$250 per price point, thats definitely managable for a lot of people  given that each price point could possibly be
a month apart on average.

or if anyone has a $5k bundel of FIAT ready to put into Bitcoin, the idea above is to do so incrementally . . .


TBH I dont mind at all if the market falls this low, I pity those who potentially NEED to sell their Bitcoin at this moment
for some unforseen occurance. But its a great time to be buying and boosting your wallet.

[philipma1957]

Too many negative forces surrounding Bitcoin and the funny thing is that things affecting some countries is spilling over to crypto.. for instance the Supreme court ruling over tariffs seems to have backfired and now Trump has holes the tariffs to 15% world over for 150days and we don't know how the markets are reacting to this because this is BS!

Otherwise with Trump and his decisions at the moment, I think we are in sh*T and markets are still dipping!! Brace for impact ladies and gentlemen

you do realize 15% is the max vs any fucking number he wanted to use.

For instance Brazil was at 50%

So if you like coffee the 15% tax is way less than 50%

15% would be stable something we all know Trump never likes to do.

We bounced back over 66k what's next Trump will likely bomb Iran for

more instability.

[CryptoYar]

Price movement of Bitcoin shows slow market mood because it is having hard time holding above price of $67000 and as result, your goal of 75,000 US dollar is too far away. I could actually see your guess of Bitcoin actually happening, particularly with huge investors selling and number of searches of Bitcoin going to zero hitting record highs.

Although this very high fear is common sign of market approaching lowest level, price is expected to move flat until it is able to get past heavy selling pressure at the $70,000 level. I think that it will or will not be at $63,000 or even lower than that but unless there is sudden burst of excitement, I think we are waiting before any big price jump is felt.

[Pandu Geddon]

What do you think about this?

I think Bitcoin might stay around $65k for a while. Dropping below $63k is quite possible, but it might not happen immediately. Bitcoin could rise towards $70k before eventually dropping again. I think this kind of situation will happen a few times and repeat within certain price ranges. I might be wrong, but a drop to $63k might really happen.

[Woodie]

you do realize 15% is the max vs any fucking number he wanted to use.

For instance Brazil was at 50%

So if you like coffee the 15% tax is way less than 50%

15% would be stable something we all know Trump never likes to do.

We bounced back over 66k what's next Trump will likely bomb Iran for

more instability.

Looking at how you have put these numbers together, I think it's safe to say Trump thrives on instability,and instability  means more money ! If am to guess he will play these cards as this means more money for him and his business contacts and unfortunately the only thing that can save us from him is an end of his term, then Bitcoin will recover and stabilise !

[adultcrypto]

I don't know why you chose the price $63,900 but below is what I'm seeing which is bitcoin being bound in a range where there have to be a breakout.


If the prevailing downtrend persists, then the breakout will be to the downside to seek the low of $60,124 where liquidity is residing in the market. If that be the case and the low gets violated, then we will see price crash to as low as $55,000, this being the most probable option in my opinion.

On the contrary, if the upper limit of the range is sought by price, then we will be battling to break the resistance around $76k then we will be sure to see $86,000 before any serious correction.

[Zanab247]

What do you think about this?

I think Bitcoin might stay around $65k for a while. Dropping below $63k is quite possible, but it might not happen immediately. Bitcoin could rise towards $70k before eventually dropping again. I think this kind of situation will happen a few times and repeat within certain price ranges. I might be wrong, but a drop to $63k might really happen.

I believe you know that the price has dump to $65k already, do you think it will not going to dump further at this point? I disagree with you on this $65k the lowest, because this price is heading to $50k which is the price that will make majority of BTC hodlers to believe that bear market is around. Even though this price of BTC is going to pump again it will be next two year or next three years, because the red light is still displaying to cost hodlers to know what is happening in the market.

The price will dump below $63k before the end of this year, because there are some information spreading that this bear season will going to last more than 3 years before bull market will come up again.

[rbynxx]

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?

It is possible, macro setting seems to be in bear case so a decline to that level is probably just around the corner. We may see chop but I think the bigger picture still bearish. You should have created your chart so that people will know the context on why you picked that price, most are probably not satisfied with just saying the figures.

By the way, Trump says the "winning" line again and he's probably tired already.

[salad daging]

I think Bitcoin might stay around $65k for a while. Dropping below $63k is quite possible, but it might not happen immediately. Bitcoin could rise towards $70k before eventually dropping again. I think this kind of situation will happen a few times and repeat within certain price ranges. I might be wrong, but a drop to $63k might really happen.

It is very likely that there will be a drop to $63K given that the market is showing a negative reaction, nothing is impossible in the current downturn sometimes we are surprised by the continuous decline because this should be considered normal when it is bearish.
The signs of an uptick are now looking a bit difficult, is it possible that there must be positive news that has an effect on the market? I'm predicting a possible drop to $60K.

[Pandu Geddon]

I think Bitcoin might stay around $65k for a while. Dropping below $63k is quite possible, but it might not happen immediately. Bitcoin could rise towards $70k before eventually dropping again. I think this kind of situation will happen a few times and repeat within certain price ranges. I might be wrong, but a drop to $63k might really happen.

I believe you know that the price has dump to $65k already, do you think it will not going to dump further at this point? I disagree with you on this $65k the lowest, because this price is heading to $50k which is the price that will make majority of BTC hodlers to believe that bear market is around. Even though this price of BTC is going to pump again it will be next two year or next three years, because the red light is still displaying to cost hodlers to know what is happening in the market.

The price will dump below $63k before the end of this year, because there are some information spreading that this bear season will going to last more than 3 years before bull market will come up again.

I'm not saying $65k is the lowest price. But currently, Bitcoin might stay in that price range for a while. There's a good chance the price could drop even lower; we see many people speculating that way. Besides, we are already in a bearish market, and everyone is aware of the current situation. 
However, the market might not move in a straight downward trend. We might see some upward movements, even if only for a short time.

[gordonics.com]

It's not an easy market.
I expect to go more down before the price can react.

The laddering strategy mentioned by philipma1957 is a solid way to approach this volatility, but we need to be realistic about the downside potential.

I wouldn’t be surprised if we wick below $50,000 before finding a true bottom

So I'm thinking to use ladder with fewer steps, one purchase every $2,000.

[suzanne5223]

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.

You are correct, and I believe what we're seeing now is the replication of the market dip that always happens after the halving effect market, which means the market still follows the 4 year cycle. The naive statement made by CZ Binance, Michael Saylor, and the Bitwise CIO that Bitcoin will break 4year cycle and set a new all time highs this year due to institutional adoption, ETFs, and macro liquidity was a lack of understanding of the genesis of the 4years cycle.
Therefore, it will take at least 6 months before the market will be above the $75,000 price range.

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?

I also hope, but if the market is still lacking the liquidity for more upside, and there's a continuation of the tariff increase, war, etc which makes most BTC ETF sold their holding for Gold, there's a high chance that BTC will downtrend to $50,000.

[hostm]

I'm confident Bitcoin will reach over 100,000, so to avoid the hassle of manual purchases, it's best to launch a bot.

As the bot accumulates Bitcoin, you can withdraw it from the exchange to a cold wallet. It's as easy as 1, 2, 3.

Moreover, if everyone starts doing this, there will soon be no Bitcoin left on the exchanges.

[philipma1957]

It's not an easy market.
I expect to go more down before the price can react.

The laddering strategy mentioned by philipma1957 is a solid way to approach this volatility, but we need to be realistic about the downside potential.

I wouldn’t be surprised if we wick below $50,000 before finding a true bottom

So I'm thinking to use ladder with fewer steps, one purchase every $2,000.

That's good too.

Just be sure youmdo not need the money and hodl it til you see some good profit.

[jcojci]

According Bitcoinwisdom, Bitcoin reached $62k although the price reverse to $63k now. But the red candle still appear to the market and it seems the price have pressure to go down. I hope the price will not down below $60k.

But if that is happens, we can not do anything, just wait and accumulating. We have more chances to buy back at low price so prepares your money and set your buying price.

[Don Pedro Dinero]

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.

[Mame89]

It's not an easy market.
I expect to go more down before the price can react.

The laddering strategy mentioned by philipma1957 is a solid way to approach this volatility, but we need to be realistic about the downside potential.

I wouldn’t be surprised if we wick below $50,000 before finding a true bottom

So I'm thinking to use ladder with fewer steps, one purchase every $2,000.

That's good too.

Just be sure youmdo not need the money and hodl it til you see some good profit.

Yes. If we refer to previous cycles, where each time BTC reached its ATH after a halving, Bitcoin would inevitably experience a 60-70% drop. So, if a cycle truly occurs we can conclude that if the last ATH was $126,000 Bitcoin could fall to a low of $40,000-$50,000.

This prediction could be correct or incorrect, but as you said, we must be realistic when a price drop occurs. However, in times like these you should start buying Bitcoin in installments if it drops to $40,000-$50,000, which is the lowest price predicted by many. The best advice is to buy Bitcoin in installments using the DCA method rather than going all in at times like these.

[Powerjumboo]

It's not an easy market.
I expect to go more down before the price can react.

The laddering strategy mentioned by philipma1957 is a solid way to approach this volatility, but we need to be realistic about the downside potential.

I wouldn’t be surprised if we wick below $50,000 before finding a true bottom

So I'm thinking to use ladder with fewer steps, one purchase every $2,000.

That's good too.

Just be sure youmdo not need the money and hodl it til you see some good profit.

Now I just have to go forward with that hope and always remember that I don't need the money now because selling right now means the investment will suffer a lot. Investments should not be sold no matter how necessary at the moment. If we can overcome this situation with difficulty, our success is very close. Let's put aside the thought of selling right now and move on to investing. I am trying to invest right now because opportunities like this don't always arise.

[promise444c5]

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 .