Bitcoin Correction: Is Accumulation Starting?

[Nwada001]

I think the reason some people don't invest or are scared of investing when the price is down is because they have this fear that the price might continue dipping without going up again especially when the drop or Dip is very sharp and strong ( I mean the market using few weeks or days to dip massively). But the truth is that Bitcoin has been doing this for a long time so we should not be scared since we are using our discretionary income to invest and yea holding for long time is the best and most preferable.

Those who saw that as reason not to invest in Bitcoin are not yet ready for any form of investment at all, not just Bitcoin, and they also don’t know how volatile assets react, and such types of people should not convince themselves to invest in Bitcoin because they can easily panic each time they witness any sign of a drop in the market.

[Franklyn-wood]

Have you forgotten how it got to $80k and went down to $59k some couple of months ago, the bear season is not done yet. What you should know is that, the price does not remain at the bottom because it's in bear season, it does move upward but not with full momentum despite the buy effect from institutional investors. The market already has a pattern and a cycle that has to be completed before getting to show some bullish signs.

I believe the current drop in the price of Bitcoin is only temporary, as it will still rise again a as time goes on bearing period currently.
The ongoing speculation in the market makes it sound like Bitcoin won't survive the bear, the whole efforts this time instead they resolve to withdraw there investment, by selling it out all they have taking there  time, money, efforts which could later go above everyone expectations. How about Bitcoin becoming very high that those who have sold there holder out will later blem them self why they didn't wait.

[Churchillvv]

I think the reason some people don't invest or are scared of investing when the price is down is because they have this fear that the price might continue dipping without going up again especially when the drop or Dip is very sharp and strong ( I mean the market using few weeks or days to dip massively). But the truth is that Bitcoin has been doing this for a long time so we should not be scared since we are using our discretionary income to invest and yea holding for long time is the best and most preferable.

Those who saw that as reason not to invest in Bitcoin are not yet ready for any form of investment at all, not just Bitcoin, and they also don’t know how volatile assets react, and such types of people should not convince themselves to invest in Bitcoin because they can easily panic each time they witness any sign of a drop in the market.

Last time I was witnessing the highest level of volatility as a newbie in bitcoin however, visited the wall observer thread and saw the level of calmness OGs have even when bitcoin was declining heavily they saw opportunity to purchase more than a declining pressure which I was seeing, hence I learnt from such situations that for investment you must be ready to see all the waves but keeping the targeted time and price in check.

[Sonia_123]

We never can tell if there will be more drop of the price as at this price now, this is the best time to keep accumulating because we don't know what will happen the next minute, at any point in time that you have funds on you, you should keep buying because everytime is the right time to buy and accumulate bitcoin whether high or low price, we can proudly say that bitcoin is in his accumulation stage.

[laijsica]

You are right that after the last ATH in October last year, a stable market is being observed after a significant breakout until recently. There is not much falling or not much rising. This means that the price of Bitcoin is moving around a stable position beyond the volatility phase. The price is being established on a solid foundation.

Due to this stable market situation, long-term investors have shown a tendency not to give up and they are accumulating Bitcoin regularly.

There will be a fear of a market correction but those who will accumulate Bitcoin regularly will be successful.

In my opinion, looking at the market situation, it can be assumed that the price of Bitcoin will not fall much before the next bullish wave starts because the price is already much lower than the last ATH.

[As-Soon-As]

1. Technical Picture
At the moment, Bitcoin is trying to establish a solid base after the significant breakout. Holding vital support zones may suggest that buyers are not giving up.

Bitcoin investors are buying Bitcoin in phases, due to which the price is not moving due to the high selling pressure of Bitcoin at the moment. Bitcoin's strong 60K level has been strengthened, because the price of Bitcoin has been touching this level for a long time. So I think it is very difficult to break the 60K dollar label at the moment.

2. Market Sentiment
While fear is growing after a correction, historically such periods offered good buying chances.

That's why it's best to invest in Bitcoin for the long term, no matter how low the price of Bitcoin is. Those who panic and abandon their Bitcoin investment are basically fools, so continuing to buy Bitcoin no matter how low the price is and moving forward into the future is the most courageous sign.

3. Long-Term Growth & Adoption
Adoption of Bitcoin is increasing as more institutions become interested in it and awareness is spreading around the world. All these can be very beneficial for the long-term future of Bitcoin.

As time goes by, the demand for Bitcoin is increasing, which is creating new entrepreneurs. Investors who have been holding Bitcoin for a long time are taking more and more buying opportunities, in this current situation, institutions are holding Bitcoin because no one is missing this opportunity to eliminate their big future financial shortage.
This is the best opportunity to buy Bitcoin, so those who have not yet taken the opportunity to buy Bitcoin should definitely take this opportunity.

What do you think?
Is Bitcoin currently in an accumulation phase, or will there be another large drop before the next bullish wave starts?

Look, you shouldn't panic about the fall in the price of Bitcoin, but rather, the lower the price of Bitcoin, the more opportunities you should take to buy Bitcoin. Those who follow this strategy will be more successful and will be able to gain more benefits, so it is best to plan for Bitcoin for the long term and maintain continuity of purchases over this long term.

[jcojci]

Bitcoin will remain volatile in the short term so it is a good time to accumulating. But if you still want to wait for the lower price, you can do that but no guarantee if the price will go down. You might use this time to start accumulation and not waiting for more. Bitcoin is in an accumulation phase and I guess that is start when the price reached below $60k.

Those who bought Bitcoin below $64k could take breathe a slight sigh of relief because they can see the profit but they should be careful because the price might not stay at the price level.

[arwin100]

I think the reason some people don't invest or are scared of investing when the price is down is because they have this fear that the price might continue dipping without going up again especially when the drop or Dip is very sharp and strong ( I mean the market using few weeks or days to dip massively). But the truth is that Bitcoin has been doing this for a long time so we should not be scared since we are using our discretionary income to invest and yea holding for long time is the best and most preferable.

Those who saw that as reason not to invest in Bitcoin are not yet ready for any form of investment at all, not just Bitcoin, and they also don’t know how volatile assets react, and such types of people should not convince themselves to invest in Bitcoin because they can easily panic each time they witness any sign of a drop in the market.

Last time I was witnessing the highest level of volatility as a newbie in bitcoin however, visited the wall observer thread and saw the level of calmness OGs have even when bitcoin was declining heavily they saw opportunity to purchase more than a declining pressure which I was seeing, hence I learnt from such situations that for investment you must be ready to see all the waves but keeping the targeted time and price in check.

I guess they are already used to see many volatile movements of Bitcoin, also they or we know that Bitcoin will not collapsed easily.

That's why those OG's are so calm despite of those dumps and stable market we are currently seeing now. If they plan to accumulate better and choose to hold better not think about the prices, because to much technicalities will just give them headache and to avoid getting confuse about the movement of the market. Start doing action and don't look for the price, consistency matters the most rather than finding those best position before choosing to buy or accumulate.

Most provably old time investors keep stocking now and aiming to earn once Bitcoin recovers or hit more bigger figures in future.

[cxtreenal]

I think the reason some people don't invest or are scared of investing when the price is down is because they have this fear that the price might continue dipping without going up again especially when the drop or Dip is very sharp and strong ( I mean the market using few weeks or days to dip massively). But the truth is that Bitcoin has been doing this for a long time so we should not be scared since we are using our discretionary income to invest and yea holding for long time is the best and most preferable.

Those who saw that as reason not to invest in Bitcoin are not yet ready for any form of investment at all, not just Bitcoin, and they also don’t know how volatile assets react, and such types of people should not convince themselves to invest in Bitcoin because they can easily panic each time they witness any sign of a drop in the market.

Last time I was witnessing the highest level of volatility as a newbie in bitcoin however, visited the wall observer thread and saw the level of calmness OGs have even when bitcoin was declining heavily they saw opportunity to purchase more than a declining pressure which I was seeing, hence I learnt from such situations that for investment you must be ready to see all the waves but keeping the targeted time and price in check.

I guess they are already used to see many volatile movements of Bitcoin, also they or we know that Bitcoin will not collapsed easily.

That's why those OG's are so calm despite of those dumps and stable market we are currently seeing now. If they plan to accumulate better and choose to hold better not think about the prices, because to much technicalities will just give them headache and to avoid getting confuse about the movement of the market. Start doing action and don't look for the price, consistency matters the most rather than finding those best position before choosing to buy or accumulate.

Most provably old time investors keep stocking now and aiming to earn once Bitcoin recovers or hit more bigger figures in future.

Not only old investors but many new investors are holding Bitcoin and they continue to accumulate regularly. I am personally a new investor and learning about Bitcoin. I myself am also in the DCA method regularly because I firmly believe that Bitcoin will recover its highest price again. Will touch ATH again and it may happen again in this year/coming years.

I am accumulating Bitcoin in this strategy through discretionary income because I know that there is risk in investing and considering the risk, I am refraining from going beyond my financial capacity.

If you want to understand the movement of the Bitcoin market, you need to analyze the market and be in constant accumulation because by following this process in the long term, you will be able to build a large portfolio and expect high returns from it.

[DanWalker]

Bitcoin will remain volatile in the short term so it is a good time to accumulating. But if you still want to wait for the lower price, you can do that but no guarantee if the price will go down. You might use this time to start accumulation and not waiting for more. Bitcoin is in an accumulation phase and I guess that is start when the price reached below $60k.

Price is already down around 50% from the top, and even if Bitcoin hasn't bottomed yet, I still think this is a good time to start accumulating.

Waiting for an even lower price is up to you, but I don't think that's a wise move. It's too risky, and I don't think it's worth the gamble.

Those who bought Bitcoin below $64k could take breathe a slight sigh of relief because they can see the profit but they should be careful because the price might not stay at the price level.

I already bought some Bitcoin below $62k, but I'm not really happy to see the price going back up. It means I won't be able to accumulate more Bitcoin at a better price.

[LUCKMCFLY]

I believe the current drop in the price of Bitcoin is only temporary, as it will still rise again a as time goes on bearing period currently.
The ongoing speculation in the market makes it sound like Bitcoin won't survive the bear, the whole efforts this time instead they resolve to withdraw there investment, by selling it out all they have taking there  time, money, efforts which could later go above everyone expectations. How about Bitcoin becoming very high that those who have sold there holder out will later blem them self why they didn't wait.

Understanding market logic is difficult. Sometimes we have to predict based on past experiences and theories derived from books, academic sources, or similar sources.

Many investors, large investors, and large institutions manage enormous volumes of money and test supply and demand. In Wyckoff's books, this is called effort.

If a large investor makes many purchases, they are driving the price up (effort) and observing what happens in the market. If many people are buying, this effort indicates strong demand. If they encounter no resistance and the price rises easily, many more will buy, and the large investor will gradually sell to recoup their effort and make a profit. This is why bull and bear traps exist in the market; you just have to know how to recognize them, and volume can provide all this information.

[DiMarxist]

At this point in time that the price has been down this is the best time for anyone to keep accumulating. Knowing that the price will eventually move upward again. I think that one thing that drip in price like this does is that it only removes the weak hands from the market. The strong hands are holding on still to their assets.

People should rather look at the good side of this Volatility rather, because as price keeps dropping those who has the funds to buy should do that. This is because when there is a drop in price. Investors can buy more Bitcoin at a cheaper price that means that, accumulation will increase.

But not everyone understands this , that is why some are panicking and is leaving the market premature simply due to fear that they may lose money at the end of the day.

[GeorgeJohn]

I believe the current drop in the price of Bitcoin is only temporary, as it will still rise again a as time goes on bearing period currently.
The ongoing speculation in the market makes it sound like Bitcoin won't survive the bear, the whole efforts this time instead they resolve to withdraw there investment, by selling it out all they have taking there  time, money, efforts which could later go above everyone expectations. How about Bitcoin becoming very high that those who have sold there holder out will later blem them self why they didn't wait.

The price of Bitcoin always fluctuate, and currently the price has dropped, i believe that bitcoin price is something that will increase if the gravity of the demands is high...For now the price of Bitcoin is not stable and I know very well it may rise due to the demands...I have come across of negative news of bitcoin holders selling their Bitcoin, and such information and speculation is one of the things that making the price of bitcoin not to be in order...

I know that many people is on panic since the news of bitcoin holders started speculating...but what I will assure investors, is that bitcoin price can store but not what will happen now...the price increases from 62k to 65k but currently it' has falling to 63k, so it's to say that the demand is sufficient and their's every tendency that price might fall below the current price..

[Johnlomape]

People generally focus on the short-term trend in the Bitcoin price action, yet sometimes it is good to look beyond that.

We are in the bear market and we have been seeing how the price of Bitcoin has been moving which has not been impressive at all.  Looking at the bigger price action is a total bear market which has been the reason the price of Bitcoin has been consolidating without a real direction.

There are indications of an upcoming accumulation stage in Bitcoin after the recent correction. The overall market sentiment has turned cautious, weak hands have exited the market, and long-term holders are waiting for opportunities.

Those that can benefit more from this current market are those that are investing in Bitcoin consistently as price continue to go up and down. I am not sure if the price of Bitcoin will be going up too soon because anything can happen in the market and price can head to any direction. Accumulating Bitcoin now will be better than trying to time the market.

[Humblevirus]

Is Bitcoin currently in an accumulation phase, or will there be another large drop before the next bullish wave starts?

It will not be bad if we start to accumulate now because nobody can actually say that the Bitcoin price will go down more than the current price. So, it will be better to make use of this opportunity to accumulate.I know the bear market is not yet over, and it is possible for the price to go down further. But, as we are not certain where the price of Bitcoin will drop to, it is better to accumulate because, even if the Bitcoin price still drops, it may not make much difference.However, if anyone is thinking that the Bitcoin price is still going to drop, it will be better for such a person not to fully wait for it to drop further before they start accumulating. It will be better to make use of the DCA method and start accumulating gradually. This way, if the price does not go down more than the current price, they will not miss this opportunity, as they will already be gradually accumulating, whether weekly or monthly.