Was $73k plus a bear trap?

[Agbe]

Your friend doesn't understand the movement of bitcoin. When Bitcoin is in the bear market, it will be going up and down and when it goes up within 24hours it will indicate to come down again. I don't think bitcoin will hit 80k$ this year but I can't predict that for now and all my predictions of bitcoin bear market will starts in April and once Bitcoin hit $60k in April then the price will go down below 60k$ in April. But if it still maintain this current price of $67+k to $70+k then the price will hit $80k in this year.

[bangjoe]

Your friend doesn't understand the movement of bitcoin. When Bitcoin is in the bear market, it will be going up and down and when it goes up within 24hours it will indicate to come down again. I don't think bitcoin will hit 80k$ this year but I can't predict that for now and all my predictions of bitcoin bear market will starts in April and once Bitcoin hit $60k in April then the price will go down below 60k$ in April. But if it still maintain this current price of $67+k to $70+k then the price will hit $80k in this year.

The Bearish Market now seems different sir unlike the previous cycle which in fact the decline felt very fast until the price was difficult to accept, April is the opening of Q2 this year which you might equate with the case in 2022 where April starts the decline until December 2022, but are we going to repeat that or not in this cycle?
This will be a question in the bitcoin movement this year, but basically every bitcoin cycle will look similar in price movements only time will distinguish it, so can we accumulate bitcoin in the present-now or do we have to finish April to June first?

[alankasman]

This will be a question in the bitcoin movement this year, but basically every bitcoin cycle will look similar in price movements only time will distinguish it, so can we accumulate bitcoin in the present-now or do we have to finish April to June first?

Whatever happens I don't think we need to worry too much about market cycles. If we follow the guidelines you mentioned we'll certainly never be free from overly negative thoughts about continuing to accumulate large amounts of Bitcoin. Our job is simply to make purchasing decisions to increase our BTC holdings or maintain our current holdings.

Basically in my opinion if we have available funds or reserve funds of course buying to increase is better than maintaining the existing ones because the market price will be more profitable for someone who has healthy finances because in the future we do not know what will happen with the price cycle that occurs in the market usually like the saying ready to dim it will definitely be bright this describes how I personally feel confident about the increase that will occur in the next few months and of course if you have sufficient capital or finances it is certainly better to continue accumulating in large amounts because someone will feel quite a large profit if there is an increase in the price of Bitcoin for the next few months.

[cyberninja2]

Basically in my opinion if we have available funds or reserve funds of course buying to increase is better than maintaining the existing ones because the market price will be more profitable for someone who has healthy finances because in the future we do not know what will happen with the price cycle that occurs in the market usually like the saying ready to dim it will definitely be bright this describes how I personally feel confident about the increase that will occur in the next few months and of course if you have sufficient capital or finances it is certainly better to continue accumulating in large amounts because someone will feel quite a large profit if there is an increase in the price of Bitcoin for the next few months.

That may be the same as what many people are talking about but your thoughts are not the same as what is in the minds of others because not all of them have the same thinking position so what we need to talk about in general should have the same perspective but it is all difficult because everyone definitely wants what is in their own heads so we prefer to have opinions in a general direction because in this forum it is not only for someone in the form of an individual if it is permissible to discuss according to what is done by someone, especially regarding emergency funds with reserve funds because I think the two things have the same goal.

[Bitcoin_people]

I was called by a friend days back that bitcoin had already made its way to 73k now that it is actually heading 80k if time not taken that he wanna starts buying now, I just smile a bit and said to him, "please just relax a that market won't touch 80k as you said" He argued with me saying that is not possible that whatever that makes the market break out from 70-73 that we are approaching 80k that bear market is over. I told him instead sell the little you had and take profits at 73k and wait for the market to drop so that you could buy more cheaper, he said that we won't see $60k+ again, I told him to calm down and watch the market if we don't go back to within 60k.
Currently right away as I am creating this post, bitcoin is 67k from 73k.

If it was you would sell at 73k and buy back at this price now?

If you have a plan to buy Bitcoin at a low price and sell it at a high price, then of course many people will adopt this method. Since the person you know bought $73k and if he plans it for a long time, then I think it is okay for him to invest. Because if you invest for a long time from anywhere, it is not a loss, but he has collected his capital for the future. However, the bear market is not over yet in the market if we have seen that the Bitcoin market increased rapidly and it has decreased again. However, we should not be disappointed, but we have to continue investing patiently because at any moment we can expect the market to touch $80k. However, if someone buys Bitcoin at a low price for trading and sells it at a high price, then I think it would be better for them to wait and buy.