BITCOIN DIPPED?

[Pandu Geddon]

But currently, BTC is experiencing a slight decline. What do you think? I have a feeling that BTC will fall sharply again if it falls below $70,000 in the near future. I think those who bought BTC at $73,000 are certainly anxious, as the price is currently around $71,000. Unless intend to invest long-term, they will be calm.

Now the price is below $70k, there is a possibility it could continue to move down, although the decline that occurs might not happen in a short time like the recent pump. Gradually, perhaps in a few days, Bitcoin will return to $65k. And a short pump scheme like the one that happened recently could happen again. We may not have truly exited the bearish trend yet.

[Bitcoin_people]

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?

The price of Bitcoin we saw yesterday increased very quickly and it exceeded $74k which is giving us a positive signal from the market. Meanwhile, many think that the Bitcoin market may soon move towards $100k again which will enter a higher position. Since the market has now moved down a bit but we can see some changes in Bitcoin this March so we can hope that the market will definitely move towards higher in the coming days. According to the current situation of the market, I think it is very important to buy and hold it. According to the increasing conditions in the market, the downside momentum has decreased since the price of Bitcoin has already strengthened the green candles so we can expect the market to move towards its higher target soon

[Nathrixxx]

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?

The market rises after then and also fall back to the same rate as at today, the market is getting more interested and we have to speculate well before we can jump into conclusion on which direction it is taken, let's just see how it keep reacting and perform within this month of March because we are still in the beer season and there shouldn't be much of the market rise for now if we are not deceive ourselves.

[Odusko]

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?

We can't really tell what the next point that bitcoin will start the next up rally, most times we have speculated that we are going to see bitcoin sustaining the 70k benchmark but at the moment the price of bitcoin have slid and dip back to $68k and just a few hundred, this make it so hard for trader's to predict what is next for the market and which position their can take to make minimal risks assesment and position for possible profits.

[whiteblue]

But currently, BTC is experiencing a slight decline. What do you think? I have a feeling that BTC will fall sharply again if it falls below $70,000 in the near future. I think those who bought BTC at $73,000 are certainly anxious, as the price is currently around $71,000. Unless intend to invest long-term, they will be calm.

Now the price is below $70k, there is a possibility it could continue to move down, although the decline that occurs might not happen in a short time like the recent pump. Gradually, perhaps in a few days, Bitcoin will return to $65k. And a short pump scheme like the one that happened recently could happen again. We may not have truly exited the bearish trend yet.

The probability suggests we'll drop back to $65,000, and we're still searching for the strongest support level. Yesterday, the $74,000 price level was a resistance level that couldn't be broken any further. Then, Bitcoin corrected again. This is a natural consolidation where we're still looking for a strong price support. We need a long time to find another rally, or as you said, a rapid rise in a few days could repeat itself.

This is still a good time to accumulate Bitcoin; declines always lead to higher price opportunities later in the day.

[batang_bitcoin]

If by the time this thread was posted and OP bought and the others who have been thinking of buying, you're now in profit. It may not that be much because only a few buys a whole Bitcoin. But that's the example that if you've got plans to buy, just do it and you'll never know if the coming days it will pump. And what you'll do now? sell? of course no, you'll wait more and buy more because that's not yet the gain and pump that we're all waiting for. Although it is part of the plan and we have to wait until it's all back to the peak where we've seen last year. Because, it will be more than that.

And it just shows how volatile Bitcoin as well, we are talking about price swings and when we thought that we're about to go down and dipped further to $65k, the price broke the resistance of $70k and even went as high as $73k.

So yes, those who bought at the dip might have been in the profit, paper profit and not realized unless they sold it and make small money out of it. But we all know that in this game, we should be going into long positions or at should be accumulating in this bear market. So continue what we do best, HODL and look for the bigger picture. For sure our patience will be rewarded in the end.

It's always been the best position after buying Bitcoin, to be in the long term. And right now, as the weekend approaches then we're seeing some correction again. It just allowed us to look at the price for $73k-$74k and then goes back to $68k. I don't want to see it go more below that price but there is nothing we can do with that. So, if it's going to continue dropping again so much we'll probably see that this range of $60k upwards is the support price that we're wanting to see since it's staying there for a while now.

[STT]

Retraction from near the 50 day average today, its going to take more then one run up to actually jump this fence most likely.  Some good news somewhere would help the cause.
  Its a very small bar to pass here but is this weeks candlestick can hold above (or higher) the close of last weeks bar then it will have the smallest positive inclination to give a trend upwards.   A good build often takes more then one attempt, speculators bid up price then sell and often prices reverses most of its gains; its a relay race not a sprint and more then one lap is needed to finish even the start of this race.

[Umulala-alala]

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?

If you want to buy bitcoin now that's good for you but i can't advise you to wait for an possible dip before you can buy BTC so buy now if you have your discretionary income. The reason you shouldn't wait any further is this bitcoin is volatile and also unpredictable you can be waiting for more down trend while the price of bitcoin start going up again, you may also some good buying opportunity while waiting for more dip to come that's why it's good to buy now then when it dip more you also buy more.

[SquallLeonhart]

Not that shocking considering we keep telling people that we are in the bear market, and for some reason they just do not believe us. Just because you saw a small increase, you think that the bear market is suddenly done? Why, why would you think something like that? What makes you think that a small increase would equal to a whole year long bear market would be suddenly done?

We still have a lot more to drop, we will drop all the way under 60k, and just because there are some small recoveries along the way where the price goes up, doesn't mean that we are going to see this as something that will benefit us all that much, it will not be the same thing and we should be careful about it without much difference to it.

[As-Soon-As]

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?

The possibility of Bitcoin price dumping is very low, because Bitcoin price has been dumped a lot from its all-time high. So this is the best time for Bitcoin and Bitcoin investment. Because those who fail to employ Bitcoin B at this time are basically losing the opportunity to buy Bitcoin, because the time to buy Bitcoin at a low price is almost over.
So gradually the Bitcoin price will complete its high speed, because there is a huge demand for Bitcoin, so it is natural that the Bitcoin price will be pumped. So don't wait any longer, but you should take the opportunity to buy Bitcoin now.

[dezoel]

The possibility of Bitcoin price dumping is very low, because Bitcoin price has been dumped a lot from its all-time high. So this is the best time for Bitcoin and Bitcoin investment. Because those who fail to employ Bitcoin B at this time are basically losing the opportunity to buy Bitcoin, because the time to buy Bitcoin at a low price is almost over.
So gradually the Bitcoin price will complete its high speed, because there is a huge demand for Bitcoin, so it is natural that the Bitcoin price will be pumped. So don't wait any longer, but you should take the opportunity to buy Bitcoin now.

I disagree, look at previous ATH and bottom price differences, it's mostly 80% down from the top, and that means there are still a lot of ways that bitcoin could drop even further.

I understand that you may see it already gone down a lot and that make you think that it won't go down even more, but unfortunately the moment you say it won't go down even more, it starts to go down even more. I can tell you, wait until October of this year, and then buy, it will be at the bottom at that moment.

[summonerrk]

Crypto's Market Capitalization Was $2.4 Trillion, a Pullback After Speculation. BTC is consolidating after a pullback from $74k. And it seems that even bitcoin managed to find support at the price of 66,500 this morning, it seems that investors began to buy it off.
Bitcoin ETF: - $228 million! Sad news...
The bottom line: the developers of ETFs continue to implement, but not policies or macro. Administration is supported using the BTC digital currency and sector Software.
Capital ratio: Massive outflow from technology → inflow to energy, defense, and commodities. Small amounts of capital increase the cost.
The crypto market has received an influx of liquidity due to strong oversold conditions and low correlation with other assets...

For some reason, it seems to me that there is no question that bitcoin will return to 60,000, because even though it is now in the corridor, it is constantly updating its support lines.

[Doll2233]

Fortunately, Bitcoin has rebounded today to $73k, so those who bought below $65k during the dip are lucky.

If you wait for Bitcoin to bottom out every time, you'll miss every buying opportunity. Those who didn't buy at $65k now wish they had, and those who didn't buy at $73k might wish they had, and so on, missing out time and again.

It is due to fact that waiting until price is perfect would mean missing out on money as shown by jump of 73k. Although it was so scary to buy at price of 65k last week because of bad news and high stress, now it even looks like cheap deal in matching with its current price. There is market trap, lowest prices are most feared, and it is extremely hard to actually buy. Bitcoin will be able to reach over main levels such as $70,000 in few hours, and those who wait to get better deal can easily pay very high price once market changes. Although some might be happy to have bought low point, it is usually due to plan and ready orders, other than making guess. It is far better to be mostly correct by buying in drop, other than being exactly wrong by sitting on side and then buying price on way up to $80,000 level.

I think today Bitcoin price is good to buy if anyone want to invest in Bitcoin as we are watching many investors who have fear and they think that market could go down but there are most chances of market up in the near future. The reason is Bitcoin is not a ordinary thing and if people will take more interest it's price will go up and we are watching millions of people who are interested in that and they are Investing their precious money and now they are rich at that time and they want to be multi millionaire which is possible by only Bitcoin and they can choose different paths as they can invest in it for years and they can choose trading and if they will choose spot it will be best for them.

[Awaklara]

I think today Bitcoin price is good to buy if anyone want to invest in Bitcoin as we are watching many investors who have fear and they think that market could go down but there are most chances of market up in the near future. The reason is Bitcoin is not a ordinary thing and if people will take more interest it's price will go up and we are watching millions of people who are interested in that and they are Investing their precious money and now they are rich at that time and they want to be multi millionaire which is possible by only Bitcoin and they can choose different paths as they can invest in it for years and they can choose trading and if they will choose spot it will be best for them.

For those who have long been observing the Bitcoin market, of course, they see a good buying opportunity at the current price. But for those who are interested in short-term profits, especially newcomers, it's not fear, but more of doubt about the possibility of a price drop.

The rise and fall of Bitcoin prices is common for those who are experienced. But for newcomers, it becomes a panic. It's not a problem if from the beginning, they have planned for a long-term hold. That will be good for generating profits.

[Josefjix]

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?

When it comes to Bitcoin, buy now, buy now, buy now.
Because, the fluctuation comes in and out all the time and the exact position in the future is known by anybody, everyone is just speculating about the price in future but isn't sure of they are saying.

So buying Bitcoin without asking is the best strategy you could take, if it falls deeper, and you have spare money, buy more. If it rises above, still buy more with spare money too.

[free-bit.co.in]

When it comes to Bitcoin, buy now, buy now, buy now.
Because, the fluctuation comes in and out all the time and the exact position in the future is known by anybody, everyone is just speculating about the price in future but isn't sure of they are saying.

So buying Bitcoin without asking is the best strategy you could take, if it falls deeper, and you have spare money, buy more. If it rises above, still buy more with spare money too.

It is true that most people only make predictions without any guarantees. However, like other financial market, Bitcoin goes up and down, it does not move in a straight line. This means we cannot predict when it will fall or where the bottom is, but we can still estimate potential correction zone.

Given the current situation, Bitcoin has fallen about 50% from its peak, buying at this stage is reasonable. However, the advice is to buy now, buy now or buy without analysis, when the price has risen too high, such as when Bitcoin reached $120k. That was unwise advice and decision.

[Jaweria parveen]

It doesn't seem like it, if we compare the recent price, it is not wrong to say that Bitcoin has sunk. If we look at the recent price of Bitcoin, we have seen Bitcoin from 66,000$ and now its price is at 71,000$ At this time, there is no pressure on Bitcoin, despite this, Bitcoin is not going up and even in this good time, if Bitcoin goes down, then Bitcoin's upside will be no less than a wish for us. There were many reasons for Bitcoin to go down, the most important of which was the tariff which made us buy Bitcoin at a very low price. What happened after that is because of the war and putting pressure on other countries. If all these things do not affect Bitcoin, we can see Bitcoin at a good price within days. If Bitcoin is sinking, then we should buy it so that we can sell it at a good price and make a big profit.  So I don't see Bitcoin sinking right now, but rather seeing it go up at a good price.

[hyudien]

~snip~
Given the current situation, Bitcoin has fallen about 50% from its peak, buying at this stage is reasonable. However, the advice is to buy now, buy now or buy without analysis, when the price has risen too high, such as when Bitcoin reached $120k. That was unwise advice and decision.

I would agree if this were the case for traders, as the key to profiting is entering at the right time, which means Bitcoin price is declining. However, in the long-term case of "HODLer," buying at any time is fine, even without analysis, because their goal is clearly long-term. Those who bought at last year's high will still profit.
Since it's clear that prices are unpredictable, it's better to keep accumulating than to miss the boat.

[aylabadia05]

Given the current situation, Bitcoin has fallen about 50% from its peak, buying at this stage is reasonable. However, the advice is to buy now, buy now or buy without analysis, when the price has risen too high, such as when Bitcoin reached $120k. That was unwise advice and decision.

Buying anytime is good to do. Purchase by comparing the price of something that is taken into consideration. For example, the highest is $126,000, so when the market price has decreased by 50%, then that time is better than the market trading Bitcoin at $80,000. If the price is currently trading at $72,000, of course this is an even better time than buying at $80,000.
I think it's a reasonable idea to suggest buying it now rather than not doing it at all or choosing to postpone it because your head is still debating whether to buy it or not.

[Blaq_e12]

Structure wise, I think bitcoin will give us more dip before it's massive move to the upside, I am speculating 65k or lower.
Wait that is the best way to get it, no need to rush, or buy little and hold. Its not complicated