BITCOIN DIPPED?

[cocadalcan]

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?

Whether you want to wait to buy Bitcoin or wait for it to dip further, it is a bad example for investors in the past and will not set a good example for you in the future. Predicting the price is not easy or it is almost impossible. A good strategy for you is to accumulate Bitcoin regularly accumulation for 4 to 8 years or more regardless of the price.

[Akbarkoe]

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.

Most people think that they want a low price to buy and also have a fear in their heart about further decline therefore many do not buy because of these doubts, but in practice it is just a feeling and only applies to traders not investors, traders usually think of the short term because they take profits in the near future, but if our mindset is intended for investment then do not hesitate to buy at any price, because investors certainly have foresight with long-term targets, speaking of definite prices, whatever high price you buy is sure bitcoin will reach it again in the future, never doubt about that!

[Rockstarguy]

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

Bitcoin is very much unpredictable, and you don’t need to wait for the dip because there is no guarantee that the price of Bitcoin will definitely fall to the amount that you have in mind. The price of Bitcoin is still low, and the price you just stated that Bitcoin will fall to is not much different from the current price of Bitcoin at $65, and I see no reason to wait.

You can buy Bitcoin, and if Bitcoin falls to the price you are talking about, then you can buy more Bitcoin. One thing I believe about buying Bitcoin is to just keep on buying and never to wait; if you try to wait to buy Bitcoin, it will only delay you.

[Nathrixxx]

The Bitcoin market dip is not the end of it all; instead, it is one of the major reasons why we can't develop fear over any crypto investment we do as long as we are coming for Bitcoin, we have this assurance that whenever there is a market fall, they will also be the rising for it in due time, oh that's maybe require of us is to wait patiently until the market forms another trend and begin to rise and we make profits.

[jcojci]

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?

Whether you want to wait to buy Bitcoin or wait for it to dip further, it is a bad example for investors in the past and will not set a good example for you in the future. Predicting the price is not easy or it is almost impossible. A good strategy for you is to accumulate Bitcoin regularly accumulation for 4 to 8 years or more regardless of the price.

He can use DCA method to accumulate Bitcoin regularly so he doesn't have to thinks about the price. He can stick to his plan buying Bitcoin for 4 to 8 years and still calm down watching the price moves. We can't predict the price accurately but we can trying to identify where the price moves. But if you want investing in Bitcoin, you just need to still doing that and keeps buying.

[Issa56]

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

Nobody knows the direction which bitcoin is going to take, and nobody knows how high or low bitcoin price is goin to go, so if you are planning to invest in bitcoin, then it’s better we make use of DCA strategy, just be buying bitcoin gradually, you don’t have to buy all at once. Everyone are just making predictions but nobody is sure about how low bitcoin will go. Bitcoin price have been down for some time now, and am not really expecting much from bitcoin for now, bitcoin price might not really crash more for now, but we shouldn’t be expecting massive pump from bitcoin for now, I just feel bitcoin is going to stay long in the current price range.

[silpersurfer]

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.

Every purchase price we always have a risk of purchasing bitcoin we must understand that together how in the purchase strategy has a different classification depending on what kind of reference a person takes, whether every decline, or regular shopping without paying attention to prices or even buying at once, what is clear is that every way or method of buying must always understand the risks and be prepared for the consequences, which is the best way it all depends on each person in his belief, we sometimes need to respect the way people make purchases.

[l99l]

It's been around the same levels since we brought up the topic.
You'd have to be a magician to know if it's the bottom. Right now, it's a bit less volatile due to the war situation.
Maybe we could have seen an upward move if there wasn't a war, because I remember there were a few weak attempts. We're still around the 69k level we've been at this price for a long time, it needs to move in one direction now.

[STT]

Even if price is similar, the time alters the course none the less and we have recently failed to hold above both the weekly average but also a monthly average.  Unless some basic momentum can be regained I would not expect to see any positives appear in BTC that are not sold off.
  We dont yet have a regular trend to get behind, some people think BTC is doing well vs a war but its also just exhaustion of the selling not exactly a positive in of itself.

To end this week above 70k would at least see price action maintain above a 50 day average and it can build from there.  If not even modest objectives can be held then either its going to take much longer to turn around selling or it can also lead to further selling in time.
  A lower price will bring greater volume and I think markets are biased towards serving the largest amount of volume by what ever price is most agreeable.

[DanWalker]

It's been around the same levels since we brought up the topic.
You'd have to be a magician to know if it's the bottom. Right now, it's a bit less volatile due to the war situation.
Maybe we could have seen an upward move if there wasn't a war, because I remember there were a few weak attempts. We're still around the 69k level we've been at this price for a long time, it needs to move in one direction now.

We dont need to be magician and need to pinpoint the bottom of Bitcoin. That's really unnecessary if our goal is long term and we only sell Bitcoin when it surpasses its previous all time high. Because even buying at a price 20-30% higher than the bottom price wouldnt change our overall profit picture.

In my opinion, Bitcoin may not have bottomed out yet, but it has already fallen more than 45% from its peak. This is a good time to start investing, and dont try to predict the market bottom and wait any longer.

[Reatim]

It's been around the same levels since we brought up the topic.
You'd have to be a magician to know if it's the bottom. Right now, it's a bit less volatile due to the war situation.
Maybe we could have seen an upward move if there wasn't a war, because I remember there were a few weak attempts. We're still around the 69k level we've been at this price for a long time, it needs to move in one direction now.

there were few short moments where it went beyond $70k but it dipped down to $60k level again. bitcoin really is unpredictable and i am sure many might have expected for bitcoin to continue rising but it didn’t. they should already accept that bitcoin really is in bear market right now.

[fuguebtc]

It's been around the same levels since we brought up the topic.
You'd have to be a magician to know if it's the bottom. Right now, it's a bit less volatile due to the war situation.
Maybe we could have seen an upward move if there wasn't a war, because I remember there were a few weak attempts. We're still around the 69k level we've been at this price for a long time, it needs to move in one direction now.

there were few short moments where it went beyond $70k but it dipped down to $60k level again. bitcoin really is unpredictable and i am sure many might have expected for bitcoin to continue rising but it didn’t. they should already accept that bitcoin really is in bear market right now.

Bitcoin has not yet dropped below $60k. After rising to $75k, it is now trading at $68k. The rally has ended, but overall, Bitcoin is still performing quite well during this period, while gold is under significant selling pressure and is experiencing a sharp decline. Meanwhile, the stock market is also not doing very well

In the context of the current tense war situation, the fact that Bitcoin has managed to maintain a price of $68k is extraordinary, we should not expect too much

[Leahized]

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?

There is no right time to invest and if you are interested in investing, then buy now. Although the price of Bitcoin is running stable now, it is not very volatile. Bitcoin price is now hovering between 69k and 71k, indicating that Bitcoin is at strong support.  i thinkIf Bitcoin breaks 73,000, it will reach 81,000 very quickly. But whatever the situation may be, a long-term downtrend will not begin. However, it is essential to monitor the market regularly for accurate information.

[Juicyhome]

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're still at the early stage of Bitcoin, we're not even 20 years yet, imagine Bitcoin at 50yrs or 30years. Every dip is an opportunity to buy more, dip market give Bitcoin it's credibility, Bitcoin was created for everyone and t every stage it's gives people that haven't bought to have . Dip market isn't a bad stuff it's an opportunity for everyone to own Bitcoin.
Don't wait for more downtrend to buy, if you have the resource buy at this rate, every rate is good to invest,if you're waiting for it to fall more it might disappoint you, the price might goes up. Imagine investing huge sum $69k if Bitcoin hits $90k you will gin more money. There's not good time to invest, invest everyday and hodl for long.