Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Rehan Zakir on April 22, 2021, 01:42:33 PM
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Buying BTC now is extremly risky.Because Bitcoin breaks all its resistance levels. Soon the prices will drop to 20k then buy BTC.
But now is not the time at the end of the bull run.
Soon we'll reach good point to buy at 20k btc this good price.
now is high price i wouldn't put 60k on btc.
Please share your suggestions.
Is i am thinking right or not?
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@Rehan Zakir it is not about thinking one thing or another. I think your idea is not correct with the amounts you say. What makes you think that Bitcoin will drop to $20,000? From its current value ($54,934) to $20,000 there is a big difference, but the most important thing is the resistance that exists up to the amount you say. I don't know if we'll ever see Bitcoin at $20,000 again.
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@Rehan Zakir it is not about thinking one thing or another. I think your idea is not correct with the amounts you say. What makes you think that Bitcoin will drop to $20,000? From its current value ($54,934) to $20,000 there is a big difference, but the most important thing is the resistance that exists up to the amount you say. I don't know if we'll ever see Bitcoin at $20,000 again.
Brother i noticed that from the previous history. In 2017 Bitcoin makes an ATH price of 20000$ and after that i comes back to 3000$. So, its just a prediction that Bitcoin will comes back to 20,000$. But it is very difficult for Bitcoin. But i thing is confirmed that a major correction is very near
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Cannot exactly say what will be the price of bitcoin after bearish market starts and crypto dumps. But i think that a vey big dump is very near to us and it is coming nearer day by day. So everyone ahould book their profit so that they do not lose everything.
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Brother i noticed that from the previous history. In 2017 Bitcoin makes an ATH price of 20000$ and after that i comes back to 3000$. So, its just a prediction that Bitcoin will comes back to 20,000$. But it is very difficult for Bitcoin. But i thing is confirmed that a major correction is very near
You are correct in what you say, but I think you are forgetting some important "details". In 2018, when what you say happened, the interests that exist today in Bitcoin did not exist. I mean, there weren't as many people interested in Bitcoin and cryptocurrencies in general as today, nor were there big companies (Tesla, MicroStrategy, and a few others) investing in Bitcoin. The market has completely changed and history does not have to repeat itself.
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Brother i noticed that from the previous history. In 2017 Bitcoin makes an ATH price of 20000$ and after that i comes back to 3000$. So, its just a prediction that Bitcoin will comes back to 20,000$. But it is very difficult for Bitcoin. But i thing is confirmed that a major correction is very near
You are correct in what you say, but I think you are forgetting some important "details". In 2018, when what you say happened, the interests that exist today in Bitcoin did not exist. I mean, there weren't as many people interested in Bitcoin and cryptocurrencies in general as today, nor were there big companies (Tesla, MicroStrategy, and a few others) investing in Bitcoin. The market has completely changed and history does not have to repeat itself.
Your opinions are totally right. And I am totally agree with your opinions. After bull run starts, Bitcoin have not take a major correction. The market is going upward and upward. A major correction makes buyers more strong. And after a major correction Bitcoin again ready for a bull run. Bitcoin breaks the support level of 55000$ multiple times. And now this support level becomes its resistance level.
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I would say its a consolidation phase, not a bearish season. I think you are daydreaming about BTC value. BTC will not hit $20K this time. Its better to buy around $40K. If we analyse the charts its hard that the market will go below the $40K level. Rest is your choice its only my opinion about BTC.
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It is high time, really. I think this is a good thing, in the end of it one will be able to buy cryptos at a lower price.
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Buying BTC now is extremly risky.Because Bitcoin breaks all its resistance levels. Soon the prices will drop to 20k then buy BTC.
But now is not the time at the end of the bull run.
Soon we'll reach good point to buy at 20k btc this good price.
now is high price i wouldn't put 60k on btc.
Please share your suggestions.
Is i am thinking right or not?
I think It's Due, because in my analyzing I see bitcoin just have correction and will increase again . Current bitcoin price is 54K USD , I think It will increase and touch 60K USD again soon. I always believed in bitcoin.
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I don't think bitcoin will go bearish season because I'm sure if bitcoin hits $50k price many people will buy bitcoin again because it's cheap and it will recover back to $60k again. Bitcoin bearish may happen if bitcoin will go bullish again and after hitting the new ATH then the bearish will start.
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The decrease in capitalization in recent days may be due to blackouts that occurred in an area of China where there is a high Bitcoin hash rate and the tweet from someone who thinks they are smarter than others. More factors can influence, but personally I think that the ones I have said are the most robust. At the moment Bitcoin remains just above $55,000.
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Or couple of months of Bull run still to come in previous Bull markets this was the case however this time could be different how only time will tell and might as well be the top due to the general economic situation of the world which is very likely enter a recession
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Buying BTC now is extremly risky.Because Bitcoin breaks all its resistance levels.
Buying Bitcoin will be always risky in every condition, whatever the rate, buying Bitcoin is risky. that is why this is only for the people who can take the risks, be responsible for the risks, and also manage the risks.
Actually, this kind of FUD (I think) is very common happening, thinking about Bitcoin will drop soon to $20k because of this small market correction. The way of resistance breaks seems not going to that dip at $20k. I am pretty sure if Bitcoin can still reach higher ATh again and this is still in the positive trends of the crypto world, bullish time.
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Soon the prices will drop to 20k then buy BTC.
How do you know the price to drop $20K? In my opinion, the price isn't likely to drop below $40K, it is a too extreme drop. We are still in the bullish trend, how can the price of Bitcoin drop very significantly. On the contrary, some experts believe that the price of Bitcoin will reach $100K.
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Good if the price could drop to $20k, I think a lot of people will be prepared to take bitcoin if the price drops to $20k... but my opinion might drop to $30k- $40k... judging by the enthusiasm of the people who want to buy bitcoin, the price might be stable...
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Good if the price could drop to $20k, I think a lot of people will be prepared to take bitcoin if the price drops to $20k... but my opinion might drop to $30k- $40k... judging by the enthusiasm of the people who want to buy bitcoin, the price might be stable...
If Bitcoin drop to $20K, let us not forget those people who bought at $40k, $50k, $60k or even $35k. How I wish those of you who are predicted Btc drop to 35k or $20k will consider those people who bought at the peak.
Imagine you are the one who bought at high price, will you wish Btc to drop even just $35k?
Frustrating though. I know investing on Bitcoin is always risky. My concern here is don't easily predict drastic decline because what if there are someone here who bought Bitcoin at higher price. They might be shaken and sell and lose tremendously.
I think judging by the fact that Bitcoin on 2017-2018 is different from today's circumstances.
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Cannot exactly say what will be the price of bitcoin after bearish market starts and crypto dumps. But i think that a vey big dump is very near to us and it is coming nearer day by day.
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The decrease in capitalization in recent days may be due to blackouts that occurred in an area of China where there is a high Bitcoin hash rate and the tweet from someone who thinks they are smarter than others. Bitcoin bearish may happen if bitcoin will go bullish again and after hitting the new ATH then the bearish will start.
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Bearish season, crash, correction, each person will call what is happening in a different way taking into account their experience in crypto. I call it opportunity. Now it will cost less money to invest in coins/tokens that were very expensive a few days ago. That's my way of seeing things, you always have to keep moving forward no matter how the market is, that's how you win, and I'm not just talking about money.
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Buying BTC now is extremly risky.Because Bitcoin breaks all its resistance levels. Soon the prices will drop to 20k then buy BTC.
But now is not the time at the end of the bull run.
Soon we'll reach good point to buy at 20k btc this good price.
now is high price i wouldn't put 60k on btc.
Please share your suggestions.
Is i am thinking right or not?
I think which ever way it goes is still a good thing in this crypto trading though dont know how far Bitcoin will fall if this is really the beginning of the bear market but one thing is certain that monies can be made both ways if you just learn how to so you dont worry much about if Bitcoins price is falling or rising.
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Because the price of Bitcoin fell, the value of Crypto assets also decreased by almost 50%. This is because the price of the coins and tokens that I hold the price goes down due to the decline in the price of Bitcoin. Times like this are very risky, but who would dare to buy Bitcoin now and suddenly the Bitcoin price recovers, He will get a big profit. Everyone has different thoughts, but I don't dare to take high risks.
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Times like this are also an opportunity to buy once one is sure that the price has reached its bottom.
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Not quite sure it this is bearish season. Perhaps this drop is due to turkish exchange scam and overall cryptk ban in Turkey.
Or perhaps we were growing for too long, and now it is a correction.
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Good if the price could drop to $20k, I think a lot of people will be prepared to take bitcoin if the price drops to $20k... but my opinion might drop to $30k- $40k... judging by the enthusiasm of the people who want to buy bitcoin, the price might be stable...
If Bitcoin drop to $20K, let us not forget those people who bought at $40k, $50k, $60k or even $35k. How I wish those of you who are predicted Btc drop to 35k or $20k will consider those people who bought at the peak.
Imagine you are the one who bought at high price, will you wish Btc to drop even just $35k?
Frustrating though. I know investing on Bitcoin is always risky. My concern here is don't easily predict drastic decline because what if there are someone here who bought Bitcoin at higher price. They might be shaken and sell and lose tremendously.
I think judging by the fact that Bitcoin on 2017-2018 is different from today's circumstances.
That reminds me of the discussion back then.
2016 1k Bitcoin is too expensive
2017 20k Bitcoin is too expensive
2021 30k Bitcoin is too expensive
2021 60k CRASH
2022 100k Bitcoin is too expensive
2025 500k Bitcoin is too expensive
Everyone deserves the price they bought it for
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Buying BTC now is extremly risky.Because Bitcoin breaks all its resistance levels. Soon the prices will drop to 20k then buy BTC.
But now is not the time at the end of the bull run.
Soon we'll reach good point to buy at 20k btc this good price.
now is high price i wouldn't put 60k on btc.
Please share your suggestions.
Is i am thinking right or not?
No, I don't think bitcoin bearish starts now. It's just correction..We will see several correction at this year, So I think the bearish will happen at the end of this year. That's my prediction, maybe other members have own prediction.
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Buying BTC now is extremly risky.Because Bitcoin breaks all its resistance levels. Soon the prices will drop to 20k then buy BTC.
But now is not the time at the end of the bull run.
Soon we'll reach good point to buy at 20k btc this good price.
now is high price i wouldn't put 60k on btc.
Please share your suggestions.
Is i am thinking right or not?
A drop Bitcoin price will always be waiting for everyone, even when the price drops below $50k, I saw within a few hours the price of BTC went back above $50k and if you were looking forward to $ 20k then it would be hard to happen, why? since the price of Bitcoin will drop by no more than 50%, there are whales and investors ready to buy if they see the price drop to $20k, so never wait and do some research whether that will happen.
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In my own opinion, I think BTC is experiencing a little correction because of less buying pressure. That's why BTC price is going down, Nonetheless. BTC is still bullish. But if massive institution sell their coins. It will lead to a massive correction. I hope it will not happen. But for now, this dumping is the result of weak buying pressure.
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That reminds me of the discussion back then.
2016 1k Bitcoin is too expensive
2017 20k Bitcoin is too expensive
2021 30k Bitcoin is too expensive
2021 60k CRASH
2022 100k Bitcoin is too expensive
2025 500k Bitcoin is too expensive
Everyone deserves the price they bought it for
The post you just wrote should be pinned and on the main forum page. In this way, people would become aware of the excuses they gave themselves over the years for not buying Bitcoin and might regret knowing that they have missed the train, because sooner or later Bitcoin will be very expensive. What we should never do is forget our past mistakes.
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Buying BTC now is extremly risky.Because Bitcoin breaks all its resistance levels. Soon the prices will drop to 20k then buy BTC.
But now is not the time at the end of the bull run.
Soon we'll reach good point to buy at 20k btc this good price.
now is high price i wouldn't put 60k on btc.
Please share your suggestions.
Is i am thinking right or not?
No, I don't think bitcoin bearish starts now. It's just correction..We will see several correction at this year, So I think the bearish will happen at the end of this year. That's my prediction, maybe other members have own prediction.
I agree with you and I think so too that this correction will pass
I might not be a good analyst but from what I see here
(https://i.imgur.com/nW1IESA.jpg)
The last time the RSI torched the 30 mark line was back in Sep. 2020 and after that it was upward trend and now the Bitcoin price has reached that point again and hoping that after now it will reverse upward in the nearest days.
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Buying BTC now is extremly risky.Because Bitcoin breaks all its resistance levels. Soon the prices will drop to 20k then buy BTC.
But now is not the time at the end of the bull run.
Soon we'll reach good point to buy at 20k btc this good price.
now is high price i wouldn't put 60k on btc.
Please share your suggestions.
Is i am thinking right or not?
No, Im not agree. I don't believe bitcoin will bearish at the few days. I see bitcoin is going strong again now. Don't underestimate about bitcoin progress. Bitcoin is very potential coin and will have bright future.
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Trying to keep above 50k. Whales still haven't been able to determine the direction of the market. Whether this last decline is to liquidate marginists or the transition to a bear market, I do not fully understand. I think the marginist liquidation and btc will again throw it over 50k.
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Rehan Zakir can't agree with you. Your idea is completely wrong. I hope what you think will never happen again. The price of Bitcoin is unlikely to fall to 20,000. Bitcoin may be a little lower than it is today, but Bitcoin will not be stuck there for long. It is normal for the cryptocurrency market to fluctuate, but it is unlikely to come down so much. Bitcoin is an upward market price that has been steadily rising and will continue to rise.
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I can't call this retracement a bearish market, only weak hands and panic sellers would dump their bitcoin this cheap, the recent dump in bitcoin price is due to fud about it in Turkey, but I believe very soon bitcoin will start pumping back up when there's any good news, dumping now isn't a wise choice in my opinion.
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I am not sure that the Bitcoin bearish is started because this is still in the bullish period. Although we don't know when it will end, the market can show the graphic that resembles certain market correction only, but not for a bearish time. I believe that there will be another bullrun again
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Trying to keep above 50k. Whales still haven't been able to determine the direction of the market. Whether this last decline is to liquidate marginists or the transition to a bear market, I do not fully understand. I think the marginist liquidation and btc will again throw it over 50k.
I agree with you, after I saw the price of Bitcoin at $48k, at that time I thought a Bearish market transition would start, but within a few hours, the price slowly rose and reached $52k. Currently Bitcoin price is still at a good support level of $50k and hopes that the price will go back up to $60k before the end of April passes
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Bitcoin bearish is start this is true but this is just for the small time not for the long term becasue this is the small down is just for the long jump in the crypto market and it may comes down more in the market and then it take a big start in the market.
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I am not sure that the Bitcoin bearish is started because this is still in the bullish period. but I believe very soon bitcoin will start pumping back up when there's any good news, dumping now isn't a wise choice in my opinion.
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I am not sure that the Bitcoin bearish is started because this is still in the bullish period. but I believe very soon bitcoin will start pumping back up when there's any good news, dumping now isn't a wise choice in my opinion.
Me too..I think bitcoin bearish will not happen now, I see It's just correction. I believe butcoin will touch new ATH. I still believe this year we will see the bullish until the end of this year. Because many investors still enthusiasm.
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The reason for the huge drop in the capital in recent times may be due to the fact that the bitcoin hash has a very high hash rate in an area of and a tweet from someone who thinks he is smarter than others.
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We cannot say that the bear season has come for now, but BTC cannot keep over 50k. Again, watching under 50k. It has to do its weekly closing above 52k. Dominance is currently at 52, which is a nice development. Let's see how the weekly candle will close.
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We cannot say that the bear season has come for now, but BTC cannot keep over 50k. Again, watching under 50k. It has to do its weekly closing above 52k. Dominance is currently at 52, which is a nice development. Let's see how the weekly candle will close.
The fact is that the bitcoin rate is influenced not only by the activity of investors, but also by the trading turnover of this asset, but also by various news in the information space. the current price decline is associated primarily with Biden's statement regarding the increase in taxes on wealth, including those called cryptocurrency.
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I am not sure that the Bitcoin bearish is started because this is still in the bullish period. but I believe very soon bitcoin will start pumping back up becasue this is the small down is just for the long jump in the crypto market and it may comes down more in the market and then it take a big start in the market.
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We cannot say that the bear season has come for now, but BTC cannot keep over 50k . I still believe this year we will see the bullish until the end of this year. Because many investors still enthusiasm.
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The weekly candlestick will close today. The current price of Btc is over 50 thousand dollars. It will be nice if it stays fixed here or throws it over 53 thousand dollars.
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The weekly candlestick will close today. The current price of Btc is over 50 thousand dollars. It will be nice if it stays fixed here or throws it over 53 thousand dollars.
Right now it is at $53,394, and if everything continues as in the last hours, the market will soon reach two billion again. It seems that the problem was the blackouts in a region of China where there is a high hash rate and not the FUD that was released by some saying that the SEC was going to impose additional taxes on exchanges. The market wants to recover, we will see if it succeeds.
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I think this time will come and more than once to buy it for this excellent price, the only question is time. :o
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I did not make the weekly candle closing above 52k, but before that, the painful days on Mondays and Tuesdays were over and BTC started the week very well. It was a good start especially for altcoins, they all started to rise little by little. Since Btc does not give full confidence, altcoins cannot literally rise, there is another 1-2 days for this.
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If Bitcoin drops to a price of 20,000 USD, then we definitely have to dare to buy it because Bitcoin always goes up every year.
Don't let us lose another moment like 2018 for the All Time Low from December 2017 and I still remember it because I didn't dare to buy Bitcoin at that time.
If I dare to buy Bitcoin, maybe now I have a little advantage from holding Bitcoin.
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We know that cryptocurrency market is alowes depend on pump and dump.So if we understand about cryptocurrency market position we can succeed must.So I believed that sometimes the bearish seasone seasone starts.But we believed that gradually it's price will increase quickly.So I believed it's price will increase and it's popularity will increase day by day.
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I wouldn't even say the current season is that bearish. It rallied back well above 50k.
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Is i am thinking right or not?
It is your right and we really appreciate it because I also believe that the Bearish period will exist but do not know when it will happen.
I hope that Bearishness will not happen because it will turn all markets into panic and all investors can lose their money or assets to minus.
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It is your right and we really appreciate it because I also believe that the Bearish period will exist but do not know when it will happen.
I hope that Bearishness will not happen because it will turn all markets into panic and all investors can lose their money or assets to minus.
It's true that there will always be two things inherent in crypto, bullish and bearish, and the usual thing and stay when that will happen.
But for this year I do not believe that it will be bearish, because since last year there has been an effect of @elonmusk which is still being felt so far.
while the halving effect has not yet been seen and will likely occur at the end of the year if you look at the past halving.
which is currently busy is the alt season and it has been seen that many altcoins have reached ATH and it is likely that many more experience it and some will even update.
so the prediction is not for this year.
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I would say its a consolidation phase, not a bearish season. I think you are daydreaming about BTC value. BTC will not hit $20K this time. Its better to buy around $40K. If we analyse the charts its hard that the market will go below the $40K level. Rest is your choice its only my opinion about BTC.
From the current price heights, Bitcoin is unlikely to drop to $ 20,000 in the near future. But buying it even after the last drop at the current price of $ 55,000 is too risky. Perhaps, many already think so, so despite the fact that ethereum and many altcoins have almost recovered to their previous price before the last fall, bitcoin is doing it very slowly. He clearly does not have enough investors to make the price rise higher.
Overall, however, I expect to see a bull market for about two more months. But you should always be ready for its fall.
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I agree, a long correction is bound to happen sooner or later, it's inevitable. The question is when it will happen.
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I agree, a long correction is bound to happen sooner or later, it's inevitable. The question is when it will happen.
It is possible that what you say will happen, in fact there are many people waiting for the prices to drop to buy, but I am not entirely sure. The opposite could happen and rise again. When the market is in situations like this, what I personally do is not invest, I simply observe until it goes in one direction or another, for me it is the safest.
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We have to be prepared for this situation because in this situation we can buy even more Bitcoin.
We won't know when it will be Bearish but everyone has to understand the situation like bad news and news about hating Bitcoin.
Hopefully in the future we can provide an open heart to ourselves when there is a Bearish.
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BTC again start to go high because this is the short down step that take and now it make a great high in the market. Crypto market is the world best market which can change so many peoples life in a short time whose buy this coin at the start.
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We have to be prepared for this situation because in this situation we can buy even more Bitcoin.
We won't know when it will be Bearish but everyone has to understand the situation like bad news and news about hating Bitcoin.
Hopefully in the future we can provide an open heart to ourselves when there is a Bearish.
I think that at the moment bad news is usually interpreted as "Shopping", normally it is always like that, but now everything has changed a bit, due to the high influence that the new whales have that some like Elon Musk with just a tweet makes There is a pump in the currency, but in the end it is true that the markets are moved by whales and emotions, clearly currently some whales make emotions move through social networks.
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We are constantly waiting throughout the bullish cycle of constant growth compared to the previous month. Sometimes the rate of falls should also happen.
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I'm confidently sure Bitcoin will never be the same again in terms of $20,000 value. Tesla and Elon Musk are so popular what the world will say if Bitcoin dramatically dump. Of course Tesla and Elon will be the center of criticism and judgement that Bitcoin is just a bubble good now 🤔 bad later. Bitcoin has the power to manipulate crypto market so I didn't wish about dump because all of cryptos will go down.
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I'm confidently sure Bitcoin will never be the same again in terms of $20,000 value. Tesla and Elon Musk are so popular what the world will say if Bitcoin dramatically dump. Of course Tesla and Elon will be the center of criticism and judgement that Bitcoin is just a bubble good now 🤔 bad later. Bitcoin has the power to manipulate crypto market so I didn't wish about dump because all of cryptos will go down.
We must not forget that Tesla and Elon Musk are interested in Bitcoin (and Doge) for the same as all of us, to make a profit. What has become clear is that what Tesla has done for cryptocurrencies has not been done before by any large corporation, which is to make cryptocurrencies known to the world, and that is to thank.
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I'm confidently sure Bitcoin will never be the same again in terms of $20,000 value. Tesla and Elon Musk are so popular what the world will say if Bitcoin dramatically dump. Of course Tesla and Elon will be the center of criticism and judgement that Bitcoin is just a bubble good now 🤔 bad later. Bitcoin has the power to manipulate crypto market so I didn't wish about dump because all of cryptos will go down.
Of course it is difficult to make sense if it can happen at this time, that bitcoin will be corrected to $ 20K.
whatever problems that occur with bitcoin, of course it is quite unreasonable, it can be corrected quite a lot. Maybe it should also be noted that the Halving effect for bitcoin has not happened at this time, so it will be difficult that there will be a correction. it should increase until the end of the year. whatever the problems faced by bitcoin, if at this time it might be difficult for the correction to occur.
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It's not time for Bitcoin Bearish because now it's still the euphoria for every new platform from various cryptocurrencies. I often see this good news on various Telegram channels.
For example, what we often hear is Decentralized Exchange Aggregator, Non-Fungible Tokens and various tokens with large supplies that are generated from the bep20 blockchain.
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In my opinion, the price of bitcoin for this year will continue to break new ATHs, for the decline in bitcoin prices it will probably still be a long time because now Bitcoin enthusiasts are increasing so that the price of bitcoin continues to increase.
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Bears market now is a good time to invest in cryptocurrency, the price has dropped for cryptocurrency well and you can make money on it.