Hope bitcoin will not fall to $63900?

[laspol65]

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?

What we can say about the price of Bitcoin in the future is just speculation, but at the moment the price of Bitcoin is being dumped and is limited to between $65K and $75K. However, if the price of Bitcoin is being dumped, then you should take a buying opportunity, and if you hold it for a long time, then if it moves higher as planned and touches the price of your choice, you can sell Bitcoin.
However, in the current position, the possibility of a correction in the price of Bitcoin is high because the red candles in the market are getting steeper. However, I think Bitcoin will touch above $70K again.

[Charles-Tim]

What we can say about the price of Bitcoin in the future is just speculation, but at the moment the price of Bitcoin is being dumped and is limited to between $65K and $75K. However, if the price of Bitcoin is being dumped, then you should take a buying opportunity, and if you hold it for a long time, then if it moves higher as planned and touches the price of your choice, you can sell Bitcoin.
However, in the current position, the possibility of a correction in the price of Bitcoin is high because the red candles in the market are getting steeper. However, I think Bitcoin will touch above $70K again.

Did you know the funny about this? This thread has been created before bitcoin rose to $75000 recently. Bitcoin has been going to $70000 as usual and if bitcoin get to $70000 this time again, it will not be a surprise at all. But more importantly, it is worth knowing that the bear market is not yet over. I have posted this countless number of times.

[SquallLeonhart]

What we can say about the price of Bitcoin in the future is just speculation, but at the moment the price of Bitcoin is being dumped and is limited to between $65K and $75K. However, if the price of Bitcoin is being dumped, then you should take a buying opportunity, and if you hold it for a long time, then if it moves higher as planned and touches the price of your choice, you can sell Bitcoin.
However, in the current position, the possibility of a correction in the price of Bitcoin is high because the red candles in the market are getting steeper. However, I think Bitcoin will touch above $70K again.

Did you know the funny about this? This thread has been created before bitcoin rose to $75000 recently. Bitcoin has been going to $70000 as usual and if bitcoin get to $70000 this time again, it will not be a surprise at all. But more importantly, it is worth knowing that the bear market is not yet over. I have posted this countless number of times.

Which shows the volatility of bitcoin. Before it was 75k, and yet it did reach there and now it's at 66k or so. Which shows that we move like crazy and we should be able to see this as a thing that could make a lot of sense for everyone. Doesn't mean that we are going to end up with a lot of problems, it is not the same thing as this, we should be considering this as something that would make a lot more sense.

I agree that bear market is not over yet and we are going to see the price fall even more if we wait some more. I understand people are seeing this as a good way to make money by "buying low" so they can sell later when it goes up. And they can possibly be right for the short term, but long term we will see it even lower.

[STT]

Rising USD bought a decline in BTC but the positive news is this move does not mean its left its prior range, it remains contained not falling particularly.
   It might be a small positive but merely seeing BTC pushed back onto previously traded prices is a place for support and a point in favor of optimism regarding the price.
  This support area is especially true as anything can develop in the situation still and Dollar remains with a negative bias ongoing imo.

[Fiatless]

What we can say about the price of Bitcoin in the future is just speculation, but at the moment the price of Bitcoin is being dumped and is limited to between $65K and $75K. However, if the price of Bitcoin is being dumped, then you should take a buying opportunity, and if you hold it for a long time, then if it moves higher as planned and touches the price of your choice, you can sell Bitcoin.
However, in the current position, the possibility of a correction in the price of Bitcoin is high because the red candles in the market are getting steeper. However, I think Bitcoin will touch above $70K again.

Bitcoin price movement has been very unstable this period. At one point it showed that it was a good hedge against inflation as it recorded massive gains even more than precious metals like gold. After a few days, the price dropped due to the escalation in the Middle East. The Bitcoin price is now $66,812, and we don't know how it will move in a few weeks if the war escalates.

[lienfaye]

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.

Anyhing is possible to happen in the price of Bitcoin, it can plunge further or recover back. This will test the patience of investors especially the newbies who just recently engage themselves into investing. We can only speculate but we can't really pin point how the price will go in the coming days. We all want the price to pump again but the correction and bear market are also inevitable.

This is a crucial stage to be firm as a hodler and dont be driven by FUD. This season is a chance to fill our bags while Bitcoin and other established coins are cheap. Buy, wait and be patient.

[Decimetre]

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.

Anyhing is possible to happen in the price of Bitcoin, it can plunge further or recover back. This will test the patience of investors especially the newbies who just recently engage themselves into investing. We can only speculate but we can't really pin point how the price will go in the coming days. We all want the price to pump again but the correction and bear market are also inevitable.

This is a crucial stage to be firm as a hodler and dont be driven by FUD. This season is a chance to fill our bags while Bitcoin and other established coins are cheap. Buy, wait and be patient.

You're very right. This period is a very delicate period when any investor who doesn't have strong mind can end up selling his bitcoin. Bitcoin is not going through a strange period because many people are aware of this period and every investor should always envisage Dip or bear market because it is like the evil day that must come. This time can let people to buy more bitcoin and also buy it cheaper. But if a person continue to think about the bear market, he may end up missing this opportunity to buy cheaper. Bitcoin can drop below $60k but it will certainly increase again.

[michellee]

I hope that will not happen but no one knows. But if that is really happens, we can't say anything. We can just follows and watching the market and if the price reach $63,000 that is the best moment to buy back.

The investors will use that moment by buying back huge amount for those who have a lot of money. Although we can't buy back huge amounts, we can buy as we can.

The price needs to stay at $70,000 to go above $75,000 and maybe that will still needs more time. We can only waits and see and be patient while we can also accumulates more.

[Agbamoni]

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 didn't think Bitcoin would fall to $63900 when you first made this post, but I do think it will fall below that price this month or the next. The price is at $66,557 now, showing signs of a downward movement. The 24hr chart is unbearable to look upon, hopefully it does not last long before it starts recovering back to $70k upward. I have realized one thing, the bear market is not yet over. We may see the bear market until half of the year.

[kawetsriyanto]

I hope that will not happen but no one knows. But if that is really happens, we can't say anything. We can just follows and watching the market and if the price reach $63,000 that is the best moment to buy back.

As far as I know, Bitcoin has dropped around $60k in February. Since the current Bitcoin price isn't really far from that level, it is very possible that it drops again to $60k or even lower. So, I am a bit sure that Bitcoin price still can be lower than $63k. Yep, it can be good time to buy but I prefer to wait for a longer time. I want to buy at the price range $50k-$60k.

The investors will use that moment by buying back huge amount for those who have a lot of money. Although we can't buy back huge amounts, we can buy as we can.

Everyone who still has money, they probably will try to buy Bitcoin when there is huge drop again. But we shouldn't need to buy with all money. It is better to do DCA, we buy gradually.

The price needs to stay at $70,000 to go above $75,000 and maybe that will still needs more time. We can only waits and see and be patient while we can also accumulates more.

In this month, Bitcoin price has been staying above $70k for several days. And it also has crossed above $75k. Unfortunately, it won't stay for a long time. Now, Bitcoin price dropped again below $70k. It seems it won't be easy totally crossing $75k. We may need a bigger trigger to claim that price level.

[ultrloa]

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 didn't think Bitcoin would fall to $63900 when you first made this post, but I do think it will fall below that price this month or the next. The price is at $66,557 now, showing signs of a downward movement. The 24hr chart is unbearable to look upon, hopefully it does not last long before it starts recovering back to $70k upward. I have realized one thing, the bear market is not yet over. We may see the bear market until half of the year.

Hard to assume it will not gonna happen knowing that there are lots of factors that can affect the sentiments of people. But hopefully no bigger crisis will happen since if the current tensions became more bigger and more countries get involve with those situation happen. Maybe people will decide to liquidate their holdings to prepare for something worse to happen.

But hopefully those worst situations on our mind will not gonna happen in reality. Then they solve those tensions so that everything will go back normal. Although there's tension happening we could still see Bitcoin doing so fine even if there's a little dump happen with it recently.

[Dave1]

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 didn't think Bitcoin would fall to $63900 when you first made this post, but I do think it will fall below that price this month or the next. The price is at $66,557 now, showing signs of a downward movement. The 24hr chart is unbearable to look upon, hopefully it does not last long before it starts recovering back to $70k upward. I have realized one thing, the bear market is not yet over. We may see the bear market until half of the year.

Hard to assume it will not gonna happen knowing that there are lots of factors that can affect the sentiments of people. But hopefully no bigger crisis will happen since if the current tensions became more bigger and more countries get involve with those situation happen. Maybe people will decide to liquidate their holdings to prepare for something worse to happen.

Yes, there are some factors that are intangible and can't be measure that can affect the price to go down hard. But we should all remember that we are in the bear market already. So anything that when the price goes up could be just a trap, just saying.

But hopefully those worst situations on our mind will not gonna happen in reality. Then they solve those tensions so that everything will go back normal. Although there's tension happening we could still see Bitcoin doing so fine even if there's a little dump happen with it recently.

We can only hope for the best. but if there is something that we can do, is to just continue what we are doing like accumulating when the price goes down. At least you will be proud of yourself of saving a lot of Bitcoin. We all know that it's getting scarce by the day and having some is already a tremendous thing to do.

[bubilas]

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

This is an absolutely correct strategy. I've come to this conclusion after many years of experience. Firstly, this way, the trader doesn't have to worry about not being able to buy Bitcoin when it falls, as everything will be automatically purchased using this ladder. Additionally, Bitcoin, like all assets, can experience sudden price drops, sometimes within a minute, due to the closure of many leveraged positions, which can be challenging for individual traders to react to. However, this system can handle such situations effectively. And of course, adding DCA will give you long-term confidence. Because the price of Bitcoin always updates its highs.

[jostorres]

Hard to assume it will not gonna happen knowing that there are lots of factors that can affect the sentiments of people. But hopefully no bigger crisis will happen since if the current tensions became more bigger and more countries get involve with those situation happen. Maybe people will decide to liquidate their holdings to prepare for something worse to happen.

But hopefully those worst situations on our mind will not gonna happen in reality. Then they solve those tensions so that everything will go back normal. Although there's tension happening we could still see Bitcoin doing so fine even if there's a little dump happen with it recently.

Not just technically but even fundamentally it seems like the price might drop as of now, but this is not a permanent situation. I think $63,000 might be the limit as of now but dipping below it is possible as well and at that time bitcoins will experience a freefall which might stop at $50,000. That will dent a big loss on the portfolio of long-term holders. Patience wins the game as always so the ones who will continue to hold even through these situations will make them earn good profits which will reward their patience. I think for now, we should all be prepared for the drop because the indicators are evidence.

I think triple bottom is possible before bitcoins will pump massively. This will take a few months so I think the growth is slow as of now but will still give decent profits over time if we keep holding. So, let's be patient and keep holding through tough times.

[Popkon6]

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?

I see the most potential for Bitcoin price to increase, because the price has currently touched $66K, and the green candles are gradually getting longer. Now Bitcoin is currently at $67K, from here Bitcoin will definitely move towards touching $70K again. But Bitcoin price is currently showing signs of moving more towards pumping than dumping.
The possibility of Bitcoin price going higher is a bit high because many Bitcoin investors are holding Bitcoin due to the Bitcoin price being under control. So if Bitcoin price moves towards $60K then Bitcoin will take the opportunity to buy more.

[Orpichukwu]

I didn't think Bitcoin would fall to $63900 when you first made this post, but I do think it will fall below that price this month or the next. The price is at $66,557 now, showing signs of a downward movement. The 24hr chart is unbearable to look upon, hopefully it does not last long before it starts recovering back to $70k upward. I have realized one thing, the bear market is not yet over. We may see the bear market until half of the year.

This month is no longer possible since it's just a day before the month comes to an end, and the price of bitcoin is also showing signs of moving up instead of a downturn. When the op made that post, there was speculation of the price dropping for the main time. Let's see how the month of April will move, if it will also show signs of weakness. One thing that's known is that before it moves back to the $90k level, it will drop below $63k.

[bubilas]

Gold and other assets are falling, and while Bitcoin has experienced a correction, I am proud of its resilience during each crisis. This includes the COVID-19 pandemic. So, what's happening now? While other risky (and risk-free) assets have lost ground during the Iran war, Bitcoin has largely remained intact, and despite losing some of its recent gains, its price is still higher than it was at the beginning of the bombings.
But many experts are skeptical and say that a "bloodbath" among long-term holders should occur in order to form a real bottom in BTC. This has not happened yet.. — we do not rule out another wave of decline in the market.

[Die_empty]

This month is no longer possible since it's just a day before the month comes to an end, and the price of bitcoin is also showing signs of moving up instead of a downturn. When the op made that post, there was speculation of the price dropping for the main time. Let's see how the month of April will move, if it will also show signs of weakness. One thing that's known is that before it moves back to the $90k level, it will drop below $63k.

The Bitcoin price today is above $66k, which is not bad. There were different predictions by some analysts that the war would result in the price of Bitcoin dropping drastically. This might be why this thread was started. With the war going toward escalation in a few weeks, Bitcoin price might not get to $90k. It might get to your predictions if there is a ceasefire and peace returns in the Middle East.

But we should also be aware that Bitcoin cycle is still operational and we are technically in the bear market. So we should not expect the price to move high.

[Promocodeudo]

What I will not agree with is the part that you concluded that Bitcoin won't exceed $75000 for a long time, I will advise you to take things easy so as not to make false speculations.

I agree with the OP, that we might not see $75k price any time soon till bitcoin hits the bottom and make a rebound because the market is slowly moving in a downtrend and we will see lower prices. You might be right but I'm not expecting it from what I observed in the chart. I think these are the best times to continue with your DCA for more coins. Speculations can be true/false.

You aligning with the op has nothing to do with volatility I hope you know, don't you think that the op is just speculating and what if the price of Bitcoin finally hit $75k, everyone is free to speculate but let's not make it look as though we are right, the price of Bitcoin is unpredictable, irrespective of our speculation or will I call it predictions one thing we shouldn't forget in a hurry is that Bitcoin is a volatile asset and that's what makes thw price unstable, as for the time to buy with the DCA method it is everything but we can actually buy aggressively at a lower price now using the same DCA method which give us the leverage to buy at all time.

[barbara44]

Hard to assume it will not gonna happen knowing that there are lots of factors that can affect the sentiments of people. But hopefully no bigger crisis will happen since if the current tensions became more bigger and more countries get involve with those situation happen. Maybe people will decide to liquidate their holdings to prepare for something worse to happen.

But hopefully those worst situations on our mind will not gonna happen in reality. Then they solve those tensions so that everything will go back normal. Although there's tension happening we could still see Bitcoin doing so fine even if there's a little dump happen with it recently.

These tensions have started the impacting the economy of entire world as oil shortage continues. This is making other countries struggle for regular commodities and have to stock things up to be prepared for the upcoming. A regular investor might liquidate his holdings just to stock up for the coming situations. This is one of the reasons why bitcoin drops in these situations.

People think there is not much use of bitcoins in these situations because global trade comes to almost haul. Bitcoin might seem doing fine because major countries are doing fine as of now, but the impact will start slowly and will continue if the future supply surges.

It is not just bitcoins but most of the global market. Only certain commodities are on an ascending range, but the rest is dropping which has no stop further. Patience can be really useful here so let's keep holding.