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Bitcoin Forum / Re: Has the bear market started?
« on: May 13, 2024, 11:41:21 PM »Currently it looks like the bitcoin price will experience a lot of correction, but in my opinion the bitcoin price will not fall below $50K, because this is the season leading up to the bullish season which will probably occur at the end of the year or early next year.Today I saw more analysis from some traders where they said that bitcoin would reach $52k again, but this is something that I don't understand very well, based on what can you guarantee this? I believe that the only way for Bitcoin to go down so much is because there is a great fundamental, war style , pandemic or something like that and it could influence investor panic It could also be that there are other things that could influence an investor leaving. and they sell all their bitcoin, and that would be something very extreme but it can happen, in this case things can happen due to strong emotions and cause everything to go to the floor.It seems that the price of bitcoin has returned to $53k again and this is a fairly stable price movement because it always has price movements between $50k and $55k. Hopefully there will be good news next month so that the price can rise to be very expensive.
There are many things that can happen, of course there is something that we should see by nature, if the price goes down it is a normal and natural correction, we should not alarm you, but if we see that there is a correction to almost $50k we should see that what It will come later because it will be something very big, a price that can reach very high, and that is what the rest of us should focus on, I have always seen things that way, if we go to the plan that everything is better to do it or wait for it to happen, Well yes, but as long as the price goes down I consider that you have to buy, for those who have how to buy bitcoin I advise you to do so every time it goes down.