Possible Market Fall, Still in the Bear

[Leahized]

The price of Bitcoin has dumped more than you expected, currently it is in the range of $64.5k. However, the way the price of Bitcoin is falling, we can definitely see a high possibility of breaking the $60k level. So in the current situation, as the price of Bitcoin corrects, we should definitely take the opportunity to buy Bitcoin against the correction.

Today bitcoin broke the support of 62k, and observation shows that we will see 60k very soon. However, this reduction may not be very permanent. Yes these are the best time to invest, but you have to plan long term. Because breaking down 60k can come up to 56k. So at this time investors may be disappointed, and will face more losses as a result. But after investing this time, you have to constantly keep on the market and take steps according to the situation.

[Moreno233]

82x.75= 61.5k would be bear

and we would have had a short weak baby bull that was slaughter for veal.

you are jumping the gun eager to call bear when at most you saw a bear track not a bear.

I'm quoting you here because we are just around your prediction, the bear market persist with no destination in sight. if this momentum continues, then Bitcoin might go as low as $51k which will wear a lot of weak hands out. This is not the end, we have been here before and the only solution have always been to buy some more and hold since it is a universal truth that the only person who have lost is who sold. We are once again, at a great buying level for those who believe in the beautiful history of Bitcoin.

[Dr.Bitcoin_Strange]

As of the day you created this topic, I would have argued that price was not going to go below $65k but it's clear now, the market can actually do quite the opposite of what we think. The market is supposed to have been exhausted of this bearish trend but it seems the buyers are not yet tired of pushing the market down but if we can see a good bounce above $65k again, that would mean that the market is reversing to the up side.

[l99l]

Nice, that's a great prediction. I was more inclined to expect a drop, and that's exactly what happened.
Sometimes my instincts are right even without technical analysis, maybe it's because I've been following the market for years and involuntarily understand market conditions. What I'm wondering is how much further it will fall, is it a good price to buy right now, or should I not rush? I've been thinking about this since yesterday.

[Asuspawer09]

Looks like there we go, a drop 

I mean at this rate I dont really care since we drop from 126k$ it would probably take years more to recover and surpass that price again so a drop would just be a huge opportunity to accumulate more Bitcoin and invest more, It's not like it's bullrun like we can just throw a lot of money to reinvest, it was just different at bear market, liquidity is always kind in my opinion so have a huge liquidity, and invest on low volume, at this time we could probably increase it a little bit to take advantage of that drop but still be careful because we know that this is crypto, everything is risky here. So dont just put everything in one basket, invest in other assets as well. To be safe, invest in an asset that might give you passive income. For me, it was the best move to make at this time.

[Ayebabara]

It can be called a bear market because Bitcoin prices has dropped below expectations and that is why the market is unpredictable by investors, the only thing that matter is when will it rise to expectations again?
Though the reduction is not permanent and high profile investors can use the opportunity to buy more Bitcoin and hold on till the market value is up, since the chart shows the downward slope of price.
A poster said that the market will turn to make a recovery after the fall so we should be keeping hope alive in the next couple of weeks in which I believe for investors to come out of the bear market.

[SamReomo]

The market is supposed to have been exhausted of this bearish trend but it seems the buyers are not yet tired of pushing the market down but if we can see a good bounce above $65k again, that would mean that the market is reversing to the up side.

The reversal will only take place if market somehow crosses $70k value once again, at $65k I don't think we'll see much reversing movements. The market has fallen a lot in last few days and that's the reason no one can do proper predictions right now. If the bearish wave continues then we might see the market going very down and that won't be good for the holders, but it will be a good opportunity for the ones who're accumulating.

[BALIK]

The market is supposed to have been exhausted of this bearish trend but it seems the buyers are not yet tired of pushing the market down but if we can see a good bounce above $65k again, that would mean that the market is reversing to the up side.

The reversal will only take place if market somehow crosses $70k value once again, at $65k I don't think we'll see much reversing movements. The market has fallen a lot in last few days and that's the reason no one can do proper predictions right now. If the bearish wave continues then we might see the market going very down and that won't be good for the holders, but it will be a good opportunity for the ones who're accumulating.

1 BTC is still 1 BTC. As long as holders have not sold, they have not actually lost anything even if Bitcoin drops further. Only those who are speculating and chasing quick profit will end up suffering losses if Bitcoin drops further.

Also, do not forget that the bear market is not over yet. Any recovery or price increase should be treated with caution. Just look at what happened recently, bitcoin climbed from $60k to $84k, then quickly fell back below $60k. 

[MarryWithBTC]

The idea here suggest that when a fall like this happen, the market reclaim a particular resistance or close to it, while the little pump we see at $74,000 as a result of $72,000 fall could just be a fake out, preparing on further fall ahead.

While in this case I don't think there is any sudden economical updates that trigger this fall than a normal pattern that suggest or indicate for market fall, which means we are on a downtrend and this continues as further fall is very possible, the market can dip to $69,000 towards this month end and or by next month, so let's be more bearish in our prediction these days than bullish.

You saw this coming and emphatically stated it and many didn't actually trust your analysis and predictions. I wish I saw this earlier. Although, there's no guarantee that I would have trusted you also.
However, this was a good analysis. I like it when what people analyzed actually plays out fine. It will send a signal to trust the person's judgement subsequently.

1 BTC is still 1 BTC. As long as holders have not sold, they have not actually lost anything even if Bitcoin drops further. Only those who are speculating and chasing quick profit will end up suffering losses if Bitcoin drops further.

In as much as you haven't sold, you have lost.

Also, do not forget that the bear market is not over yet. Any recovery or price increase should be treated with caution. Just look at what happened recently, bitcoin climbed from $60k to $84k, then quickly fell back below $60k. 

Some people are still being deceived by the erroneous concept of no more 4-year cycle.

[Bitcoin-Forever]

It may be very difficult to see this market go back to $70,000 for this month and if you are not being careful the resistance can be made at $65,000 and we may have support at $60,000 from what I am seeing, if the market is capable of making double top or triple with the kind of performance from the chart as well as a triple bottom from the chart as well, it can be more easier for us to draw a conclusional with the market is going.