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Bitcoin Forum / Re: Has the bear market started?
« on: Today at 11:51:26 PM »That was just a temporary dip and now the market is better in worth as compared to previous worth because it is now 60k$ which means that it has again entered into the range of 60k$ which will soon go higher. People should use that lower value for buying more Bitcoin but people often get scared by examining that the value is getting lower.Yeah, I agree with you. Compared to the bottom of the crypto winter ~$15.5K, we are currently in the $57K zone, meaning that the BTC price has made a remarkable recovery. The drop from $73K to $57K is around -22%, a normal and necessary correction for the crypto market to re-accumulate and continue to grow in the future.
Most of the people will regret that they have not sold their assets when the price was 73k$ but I don't think that bull season is over so wait until your desired worth attains because one day price will surely go higher than your buying worth. If bull season ends then we will not see the 60k$ of price again therefore don't lose hope as everything will become better.
The halving has just taken place and we are only in the early stages of a new cycle, a new bullrun. Don't be too afraid, use a larger time frame, such as the weekly chart, to see that the crypto winter has been left behind and we are on our way to a bullrun with a target BTC price of over $100K. The correction will be a perfect opportunity for us to continue accumulating more tokens. I myself am still DCA BTC + ALTS and believe that BTC can reach $150K-170K in 2025.