Hope bitcoin will not fall to $63900?

[Powerjumboo]

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.

Yes, I have seen many people including you saying that the bear market is not over yet, but I want to know from you, do we have to wait this whole year for the bear market to end? Or do we have to wait a few more month? Actually, it is very difficult to analyze the market well and make good predictions, and since we do not have much experience, I want to know from you. Moreover, many people are saying that the Bitcoin market is so volatile because of the war situation. So, will the Bitcoin market go up and the bear market end when the war ends?

[Odusko]

Bitcoin has always proven to be a sustainable recovery asset that moves opposite the traditional investment model Gold and other assets have fallen significantly without recovering, but at that point, even when Bitcoin dips in price, it recovers again within hours, even when Bitcoin made the lowest of dips in price around 65,000 was the benchmark before it recovered again.

[Asiska02]

Yes, I have seen many people including you saying that the bear market is not over yet, but I want to know from you, do we have to wait this whole year for the bear market to end? Or do we have to wait a few more month? Actually, it is very difficult to analyze the market well and make good predictions, and since we do not have much experience, I want to know from you. Moreover, many people are saying that the Bitcoin market is so volatile because of the war situation. So, will the Bitcoin market go up and the bear market end when the war ends?

The Bitcoin market doesn’t look to be in any long term relationship with the war ongoing now, I don’t see anything of obviousness that will make one want to compare the Bitcoin market price to the war. The bears are still on and even before the war, we were already seeing signs of the bear market or even started gradually at that point.

I can remember at the beginning of the war, many expected the market to react to it heavily but we didn’t see any significant change in the trend of the market, so I don’t think when the war is over, the bear market will also be over. The market doesn’t work in relation to the war, it has its own trajectory it’s moving on and will continue to work on that path even though it faces some little setback.

[WatChe]

Bitcoin has always proven to be a sustainable recovery asset that moves opposite the traditional investment model Gold and other assets have fallen significantly without recovering, but at that point, even when Bitcoin dips in price, it recovers again within hours, even when Bitcoin made the lowest of dips in price around 65,000 was the benchmark before it recovered again.

For past few weeks we have seen Bitcoin price mostly revolving in bracket of 65 - 75k. Now the price has started going down once again and as usual their are speculations that whether Bitcoin can hit its previous low or will move up. I think its very difficult to say whether price can go to its previous low or not. But one thing can be said with certainty that Bitcoin price will recover sooner or later and thats why we need to focus on buying Bitcoin right now.  

[bubilas]

BTC is currently struggling to break through the dense wall of sales by whales.
The main liquidity at the top of the range is located between $68,800 and 69,600, with the highest concentration observed around $69,000 and above. At the bottom, support from buyers is located in layers around $67,200, $66,400, and below, around $65,800. The price is currently moving towards the liquidity above.
If the bulls can absorb the supply above $69,000, then a continuation of the up move will open quickly.
If not, then it will likely turn into another liquidity exhaustion and rejection.
The key zone to watch out for is $69,000.

[Wiwo]

BTC is currently struggling to break through the dense wall of sales by whales.
The main liquidity at the top of the range is located between $68,800 and 69,600, with the highest concentration observed around $69,000 and above. At the bottom, support from buyers is located in layers around $67,200, $66,400, and below, around $65,800. The price is currently moving towards the liquidity above.
If the bulls can absorb the supply above $69,000, then a continuation of the up move will open quickly.
If not, then it will likely turn into another liquidity exhaustion and rejection.
The key zone to watch out for is $69,000.

The resistance that Bitcoin has built up over this recent time. behave shown to be a proof of bitcoin's ability to always stay ahead of the market and we shouldn't look so much on the negative side of things as regards the bitcoin price movement.

$68k-69k could be felt to be the basic resistance level, but if Bitcoin can surpass that range at any time,  then we may be seeing another wave and direction for the entire Bitcoin market.

[STT]

Yes, I have seen many people including you saying that the bear market is not over yet, but I want to know from you, do we have to wait this whole year for the bear market to end?

Nobody can tell you precise numbers, this is especially true as the dollar itself varies alot in its worth so we arent even talking a fixed sum when we refer to any particular number.
  There is no certainty but a high probability you have the whole of this year to take a positive interest in BTC with a likely lower price available then during a proper positive trend.

I frame it as an opportunity which is how I take it.  Others might disagree, many much prefer to buy during hype periods even in the froth of very high prices much higher then was available a few months before.  I prefer to buy at half the price it might become later, it looks a much better gain and I reckon its lower risk requiring less capital to take part but each to their own.  This year is likely not a hyped period, I'd be surprised if that occurred especially, it would be quite rushed if that was the case now.
   Its not a bear market, there is no regular decline here.  Its not a bull market, I dont know what animal is nominated for the grey area between those two but its common BTC is neither its happened plenty times before and is not negative by nothing much doing in price movements.

[summonerrk]

BTC is currently struggling to break through the dense wall of sales by whales.
The main liquidity at the top of the range is located between $68,800 and 69,600, with the highest concentration observed around $69,000 and above. At the bottom, support from buyers is located in layers around $67,200, $66,400, and below, around $65,800. The price is currently moving towards the liquidity above.
If the bulls can absorb the supply above $69,000, then a continuation of the up move will open quickly.
If not, then it will likely turn into another liquidity exhaustion and rejection.
The key zone to watch out for is $69,000.

Also, the negative aspect is that the daily fees for Bitcoin transactions in US dollars have reached their lowest level in 2022 and one of the lowest levels in the last six years.
This indicates a weak demand for the network. Historically, this often precedes a larger decline. However, there are opinions and assumptions that this is not yet the bottom of the price, despite the clear technical analysis charts. I believe that Bitcoin may still test the price of 60,000. In general, just think about how low the price is now compared to 126,000.

[Adams0001]

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.

Everyone will be bringing different opinions but the real fact is that know one can predict the bitcoin market, we can can't know the actual price he will be in a month or year, that is why is just better you should just invest for long term and wait for your profit that one will be more perfect and better, if you will be thinking about the bitcoin price before you will invest in it I can says you're just wasting your time is better you should invest and set your target then waiting for it to reach the target you want before investing. Last year many people have be talking about bitcoin price, that he will pump very well he can even pass $200k but now the price is even struggling in $68k we don't know when the price will reach before the end of the April, he can pump or still decrease we can't know the actual point. But inventors beleave that the price will increase.

[Bobrox]

Looking the current market huge decreasing looks like not guarantee bitcoin will not fall to $63k again and today bitcoin most lower price around $65k or fewest percent only from OP price talking. High intention between United State and Iran then Donald Trump make many shit announcement every day easily make many people get panic and bitcoin dump drastically.
Yesterday when Donald Trump release announcement will attack Iran trough by land the market dump significant where bitcoin almost raise above $70k have dump drastically, I am waiting the conducive moment between United State and Iran how to make market get stable back and hoping bitcoin easily to break again above $70k and wishing up back to $80k.

[kawetsriyanto]

Bitcoin has always proven to be a sustainable recovery asset that moves opposite the traditional investment model Gold and other assets have fallen significantly without recovering, but at that point, even when Bitcoin dips in price, it recovers again within hours, even when Bitcoin made the lowest of dips in price around 65,000 was the benchmark before it recovered again.

I agree that Bitcoin is trustable asset. Bitcoin always can prove to increase significantly in each bullrun season. So far, we can say that Bitcoin always keeps its promise toward 4 years cycle. If there is no change in the cycle, we can assume Bitcoin will recover again in the next few years. However, we must always remember that there is no one knows how far Bitcoin will raise in the next bullrun season. So, keep realistic hope even if we trust Bitcoin as a sustainable asset!

I am not sure about other assets, but I disagree that you claim Gold has fallen significantly and it never recovers. As far as I know, Gold has skyrocketed recently and it keeps in expensive prices until today. And considering the history of Gold price chart, it has increased consistently and pumped very hard until now. There is no reason to denigrate gold, it is safe haven asset.



Source: https://goldprice.org/

[coinrifft]

Looking the current market huge decreasing looks like not guarantee bitcoin will not fall to $63k again and today bitcoin most lower price around $65k or fewest percent only from OP price talking. High intention between United State and Iran then Donald Trump make many shit announcement every day easily make many people get panic and bitcoin dump drastically.
Yesterday when Donald Trump release announcement will attack Iran trough by land the market dump significant where bitcoin almost raise above $70k have dump drastically, I am waiting the conducive moment between United State and Iran how to make market get stable back and hoping bitcoin easily to break again above $70k and wishing up back to $80k.

There's no guarantee even in a bull run, but with the current situation we have right now, we should be really not expecting something big that is going to happen. There is still tension in the Middle East and it's worsening by the day. Now Trump is targeting a bridge as from what I read so it's no longer military targets. Although there is reports as well that this bridge is being used by the Iranian to move their rocket launchers and it's not open to the public. So not to burst the bubble for you, it's better to not push that high hopes that we might recover back very quickly into the $70k'ish this month.

[tygeade]

Right now, it looks like it is not going down there, but eventually it still might. Just because we saw it not do this, doesn't mean that we will never see it. Because. as per usual four year cycle of bitcoin market, we are still left with 9 more months which must be the enough window for bitcoin to test below $64k level. Iran tension is not seeming looking down at any time soon and if it lasts for another 1 or 2 weeks also then we may see bitcoin to be testing new low as well.

Practically I am always bullish but the nearby trend is not bullish due to four year cycle hence we need to plan accordingly. I mean to say, being a bitcoiner and hoping for bullish will not change anything with the bitcoin market and we need to try to maximize our holding by making use of current bearish conditions and nothing else we can do anything about that.

[bubilas]

In my opinion, the BTC price is fixed in the range of 60,000-70,000 USD, without a clear catalyst for a breakout.
The market is not ready for a sustainable upward growth until there is either a deep discount overselling.
The market is currently in the process of redistribution, but not in a zone where we can confidently talk about a "bottom". If the flow of LTH losses does not decrease significantly, the base may still be weak, and any growth will be perceived as a "rebound in the middle of a bear market".
The spot market shows the first signs of stabilization and a partial return of institutional demand, but the corporate bid is not as broad or "solid" as it was before. This makes the market sensitive to any surge in sales.

[goldkingcoiner]

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?

We seem to be waiting on the confirmation for sub 60K being a strong support. Weekly candle seems to be holding nicely and may even be a reverse signal, depending on the next 4 or so hours.

Although personally I would not bet on not seeing 75k "for a long time". I think we will see it sooner than expected.

All eyes on geopolitical developments. The market moves with bad news, this also drags Bitcoin down.

[Emeraldo]

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.

The price of Bitcoin is becoming very hard to predict and it will be very hard for Bitcoin speculators to easily predict what the price of Bitcoin will be since the market is moving anyhow. We noticed that the price of Bitcoin was able to go up fastly when many traders and investors where predicting the price of Bitcoin to go down to 60k this week.
We are at 70k now and we don't know what will be the price of Bitcoin later at the beginning of next week or ending of this week.

[Yaunfitda]

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.

The price of Bitcoin is becoming very hard to predict and it will be very hard for Bitcoin speculators to easily predict what the price of Bitcoin will be since the market is moving anyhow. We noticed that the price of Bitcoin was able to go up fastly when many traders and investors where predicting the price of Bitcoin to go down to 60k this week.
We are at 70k now and we don't know what will be the price of Bitcoin later at the beginning of next week or ending of this week.

It's because of the market sentiments as well, we are in the bearish trend and then we have still the conflict in the Middle East, that's why the price is very unstable. But the thing is that the price keeps hovering just above $60k'ish, so I will say that at least there's nothing huge of a decline as the market keeps above that price. It might be hard though to see that we are almost 50% down from our last all time high. But that is how the market works, we have cycle and for sure most of us have adjusted on it and knows what to do. Just like in this month, as I have said, we are in the bear market already, so instead of having a mindset to wait for the price to further decline, why not go and start our accumulation phase?

[summonerrk]

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?

Well, for now, the whole picture looks like Bitcoin could fall to this level, but it won't last long. The entire market is witnessing a significant drop to 60k, but notice how bots and traders quickly bought back Bitcoin at such a sweet price. Will this happen again? Unlikely. The market has determined the fair price of Bitcoin to be around 64-70k, and we are currently within this range. All the breaks of this corridor down to 60k and up to 74k were short-lived and the candles did not close there, they returned back difficult rubber band. Therefore my answer Yes , we can see Bitcoin at 63k, but if it is then the price will not stand there for a long time.

[summonerrk]

Bitcoin has consolidated above the 70k level, maintaining momentum after the positive news. Since the announcement of the "truce" about a day ago, all cryptocurrency markets have shown undeniable bullish momentum. However, there are still questions about the terms, which countries have agreed to it, and whether the Strait of Hormuz will remain open during these negotiations.
We clearly saw a "buy the news" reaction when Trump announced the two-week truce yesterday. However, with so many conflicting reports, it should be viewed more as a "buy the rumor" event. Even if this truce lasts as planned, remember that the world is seeing the same countdown threats as yesterday.

[Mpamaegbu]

Bitcoin has always proven to be a sustainable recovery asset that moves opposite the traditional investment model Gold and other assets have fallen significantly without recovering, but at that point, even when Bitcoin dips in price, it recovers again within hours, even when Bitcoin made the lowest of dips in price around 65,000 was the benchmark before it recovered again.

That's the good thing about Bitcoin. Today it's at $70k+. It never stays down longer than necessary. For those who see Bitcoin as a sure investment, it's because of its ability to rise whenever it goes down. It's not because people don't lose money investing in it. Of course, there are several people who've lost money in it too. We can say there are impatient, and rightly so.

As it's now, with the dip going on, it's obvious that Bitcoin is on a discounted price. Yet, some are still scared of getting in.