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.