BITCOIN DIPPED?

[KataifiDream]

Bitcoin was near $69,000 yesterday but dipped again. Do you think BTC is just catching its breath before another rally, or is this the start of a longer downtrend? Should we buy now? Or wait for more possible downtrend?

[NotFuzzyWarm]

Flip a coin.
It may go a little bit lower - or it may not.

[Catenaccio]

Bitcoin was near $69,000 yesterday but dipped again. Do you think BTC is just catching its breath before another rally, or is this the start of a longer downtrend? Should we buy now? Or wait for more possible downtrend?

Zoom out your chart, watch the chart less often, don't trade, your mindset will be wider and I am surely that you will feel less dips from Bitcoin as well as become more confident with your long term plan - that is for investment, not for trading.

With this yearly candlestick chart, you will see dips, but only one red candle dip every four year and that dip does not make you fearful or panic but gives you great opportunity for accumulation more bitcoin with cheaper prices than usual.
https://charts.bitbo.io/yearly-candles/

[Ruttoshi]

Should we buy now? Or wait for more possible downtrend?

If you have the money to buy now, there's no need waiting even if there's possibility that the price will dip below $60k. This is because you might be waiting for the price to dip more and it stucks within this range longer than you expected. It will discourage you to continue waiting or an emergency pops up, you will use the money to solve it.

You might be waiting for the price to dip, and it pumps to $70k and stays there for a while. Delay is dangerous just buy and relax, look for more money to DCA and increase your stash. It's better to be a low coiner than a no coiner.

[CryptSafe]

Bitcoin touched below this current price last month and likely will go down more or otherwise but one thing we should know is that the market is highly volatile and unpredictable and anything can happen just like you have said it was at $69k yesterday and now it's far below that price or it might have gone more higher than that price you mentioned yesterday and that is how the market is most times that we say it is unpredictable.

The only thing you can do is to take advantage of the current market situation as an investor to buy more so far as you are having the intentions of holding for a long term. That would do you much better because you could get good profit in the  long run as a long term investor.

[ruykeri]

Although this is all unpredictable. It is not possible to say exactly whether the price of Bitcoin will fall further. However, I think the price of Bitcoin will fall below 60K at least once. Why am I saying this because it has been seen that even after a big dip, there is a possibility of another 10% to 15% price drop. If this happens, we may see it by the end of March. This is also an opportunity for long-time holders. But those who cannot keep themselves calm in all these cases due to their weak hands they should think again. And if Bitcoin starts to turn around even from the mid-year period this year, then maybe we can see a new ATH by the end of this year.

[KiaKia]

Bitcoin was near $69,000 yesterday but dipped again. Do you think BTC is just catching its breath before another rally, or is this the start of a longer downtrend? Should we buy now? Or wait for more possible downtrend?

I believe it's a bear market, and now that Trump just announced war on Iran I believe the market will even crash more, this is not a time to panic at all, because this isn't the first time.

It's sad to say that while the war is going to start this will be a opportunity for people like us, that sounds too nasty but unfortunately it's the truth, Bitcoin will make a new low and it will be a good time to buy.

If you have some altcoins and Bitcoin I think it's smarter to let go now and buy back at the low prices.

[AmaGold70]

Should we buy now? Or wait for more possible downtrend?

If you have the money to buy now, there's no need waiting even if there's possibility that the price will dip below $60k. This is because you might be waiting for the price to dip more and it stucks within this range longer than you expected. It will discourage you to continue waiting or an emergency pops up, you will use the money to solve it.

You might be waiting for the price to dip, and it pumps to $70k and stays there for a while. Delay is dangerous just buy and relax, look for more money to DCA and increase your stash. It's better to be a low coiner than a no coiner.

I think there is no need waiting if you have the cash to buy. Right now the price of Bitcoin is experiencing a bearish trend, and periodic accummulation will be the best method to use because, you will not only buy when you think the price is high but also when the price is low.
To the real investors, no time is late for any investment, more especially when you are investing for the future. Every investment grow over time, so when you buy and hold your bitcoin investment for a very long period of time, profit is very much assured. Bitcoin has kept long term track record and if you have made your research very well, you will understand you are suppose to buy every Bitcoin dip and not to afraid. Some people are afraid of investing in bitcoin because they only look at the short time profit and behaviour of bitcoin, not knowing that bitcoin can only give outstanding profit if only you invest for long term purpose.

[HustleZ]

Bitcoin was near $69,000 yesterday but dipped again. Do you think BTC is just catching its breath before another rally, or is this the start of a longer downtrend? Should we buy now? Or wait for more possible downtrend?

Nobody Knows whether it will go further down or return from this price but one thing is certain, sooner or later it Will Cross its Previous ATH. The reserves the constant investments by big institutions and retailers that believe in It are constantly investing and It can not stay in this dump/Plummet for a long time. It  is historically bullish so our Sentiment shouldnt change by this Dip but rather we should be happy that we are getting it on a discount. Rather a Buy 1 Get 1 Free offer so we should hurry as fast as we can and Get on With our DCA. Even invest more aggressively in these situations because it doesn't matter if it reaches $40k as we know it has the capability to reach $126k .

[xbetz.io]

It could be either and that’s the honest answer. A dip after touching $69k isn’t unusual. Bitcoin has always had pullbacks before continuing a trend. At the same time, if momentum weakens and support levels break, it can turn into a deeper correction. If you’re asking whether to buy now or wait, that depends on your strategy: Long-term holder? DCA makes more sense than trying to time the exact bottom. Short-term trader? Wait for confirmation and manage risk. Trying to perfectly time dips usually leads to emotional decisions. No one knows if this is “just catching its breath” or the start of a downtrend but having a plan matters more than guessing.

[Mahiyammahi]

Bitcoin was near $69,000 yesterday but dipped again. Do you think BTC is just catching its breath before another rally, or is this the start of a longer downtrend? Should we buy now? Or wait for more possible downtrend?

Last time this dip was around $70k , people was in extream fear . Although that dip was very quick level. Everyone I knows about sold their bag. Very few we're strong and accumulate that position. From $70k level it reached to $100k level. It was a quite strong fight back for bitcoin.

But this time bitcoin was in declining position. Not able to recover properly. We may go a bit more deeper.
I saw talking people about , they will sell their full bags if bitcoin will ever go lower than $70k. I'm wondering how are they dealing right now.

[Pandorak]

(...)

I believe it's a bear market, and now that Trump just announced war on Iran I believe the market will even crash more, this is not a time to panic at all, because this isn't the first time.

It's sad to say that while the war is going to start this will be a opportunity for people like us, that sounds too nasty but unfortunately it's the truth, Bitcoin will make a new low and it will be a good time to buy.

If you have some altcoins and Bitcoin I think it's smarter to let go now and buy back at the low prices.

I have also noticed this, wars involving the US always have a direct impact on the market, It doesn't take long for the market to respond instantly to this bad news. Currently, the price of Bitcoin is at $63k, a critical level in daily support, if this level is broken, it is very likely that the price will continue to fall to the next level at $53k, it is not impossible that Bitcoin will reach that price.

If you're a trader, this could lead to significant losses. However, if you're an investor, you can remain calm, occasionally monitoring the market, as this isn't the first time such negative war news has emerged, it has been around for a long time. Therefore, it's better to focus on your budget for accumulation rather than getting caught up in the FUD circulating.

[nakamura12]

Well, if you have the means to buy Bitcoin then why not buy. You can buy Bitcoin using the DCA method so you will get more Bitcoin especially when it's still dipping. As you have said where it's at 69k and I just checked right now that it's at 63k so it should be good to buy more. No one will know if it's going to decrease more so it's better to buy little by little if you don't want to spend your money buying Bitcoin in one go. Well, it's entirely your decision and we are only giving pointers or tips on what to do.

[Furball808]

You could buy today or the next year, the bear market seems to be in effect already which means it will be quite some time again until bitcoin rises up. You could buy now if you want but you could also continue buying as well so just buy when you can.

[Ishicryptic]

Bitcoin was near $69,000 yesterday but dipped again. Do you think BTC is just catching its breath before another rally, or is this the start of a longer downtrend? Should we buy now? Or wait for more possible downtrend?

I believe it's a bear market, and now that Trump just announced war on Iran I believe the market will even crash more, this is not a time to panic at all, because this isn't the first time.

It's sad to say that while the war is going to start this will be a opportunity for people like us, that sounds too nasty but unfortunately it's the truth, Bitcoin will make a new low and it will be a good time to buy.

Like you said this is bear run and we should expect downtrend instead of putting our hopes on a possible uptrend, except there is a serious change of narrative regarding hearing series of positive news I think we should expect more dip. Bitcoin price reacts sharply to global trends and the escalation between Trump, and Iran, Pakistan and Afghanistan, coupled with ongoing wars and criss I think we shouldn't expect Bitcoin rallying anytime soon.

Unfortunately again like you said these wars and drums if wars presents opportunities for investors to buy the dip, that is how life is, an unfortunate incident for someone is an opportunity for another. Although I'm not proud of buying the dip as a result of wars but it is what it is an opening to buy Bitcoin at reduced prices.

[TokenTikas]

Bitcoin was near $69,000 yesterday but dipped again. Do you think BTC is just catching its breath before another rally, or is this the start of a longer downtrend? Should we buy now? Or wait for more possible downtrend?

Since the price of bitcoin has already dropped this much, standing at this point and waiting for it to fall further would be a foolish move. When you look at the downward trends of bitcoin, you may feel that the price will still go lower but at the level where Bitcoin is currently, it is not something you should delay even for a moment before investing.

From the dumping that started in October last year till now, the price of bitcoin has mostly been on the lower side but at the time I am making this post, bitcoin is sitting around 64k. Honestly, it is quite surprising and it has created a golden opportunity for those who want to invest in bitcoin at a lower price. Those who are holding may be going through some fear right now but if they can stay strong and keep holding through this tough period, they can still make a good amount of profit from here.

[_act_]

Bitcoin was near $69,000 yesterday but dipped again. Do you think BTC is just catching its breath before another rally, or is this the start of a longer downtrend? Should we buy now? Or wait for more possible downtrend?

Bitcoin may not really fall below $60000 but there is no uptrend for now. We are going to enter another month soon, let us see if bitcoin will be able to increase or not but I think this bear market will be longer than this. But as for people that think bitcoin may enter $30000, they are only deceiving themselves. Bitcoin price will likely stay above $50000 or not really fall below $50000.

[KataifiDream]

Bitcoin was near $69,000 yesterday but dipped again. Do you think BTC is just catching its breath before another rally, or is this the start of a longer downtrend? Should we buy now? Or wait for more possible downtrend?

Bitcoin may not really fall below $60000 but there is no uptrend for now. We are going to enter another month soon, let us see if bitcoin will be able to increase or not but I think this bear market will be longer than this. But as for people that think bitcoin may enter $30000, they are only deceiving themselves. Bitcoin price will likely stay above $50000 or not really fall below $50000.

I think it's nearly impossible for bitcoin to fall below $30k. Should I consider buying small amount of bitcoin when it falls near $50k?

[_act_]

I think it's nearly impossible for bitcoin to fall below $30k. Should I consider buying small amount of bitcoin when it falls near $50k?

I do not know because that is if bitcoin will will get to $50000 which we all do not know if bitcoin will get to such price during this bear market period. All I can suggest is to DCA instead and if bitcoin later get to $50000, you can buy more of it. This is not a professional advice and not even an advice but a suggestion.

[asso79]

Been tracking this closely — the derivatives data tells the real story here. $515M in liquidations in one hour but spot selling was minimal. Wrote a full breakdown if anyone wants the details: https://dailycoinpost.com/bitcoin-drops-63k-us-israel-strikes-iran/