It's been hovering under $70k for a couple of days so we still don't know if it's a new middle price. I'd hate it if bitcoin fell to under $30k because that's where it stayed for a long time.
It already dropped again to $66k - $67k today. Bitcoin raises to $70k just for few days, it is still difficult to stay above $70k. I don't know why it looks east decreasing again although we are almost in the Bitcoin halving. I doubt if he current Bitcoin halving won't make people very enthusiastic like the previous one. I hope it is not so different from the previous halving, I hope for a big increase of BTC price.
you should not hate it because it part of the market movement and people invest more when the price goes down. Now everyone is predicting the amount in the all time high another not the halving and if bitcoin reduce in the halving the number of investors will increase but since the price is still at the high side I don't think the price will go down to below 60. It will be on the rate of $62+k to $66+k and after then it will bounce back to the next All Time High which everyone is clamoring.
It is pretty much possible that Bitcoin will fall lower than the $60k price tag as the correction of bitcoin continues.
Bitcoin is currently, fluctuating between the price of $62k-$63k since today and it is most likely that a price of $55k can happen, opening up the last opportunity for investors to accumulate bitcoin at low price before the bull starts again which will last till 2025.
Bitcoin currently is at $64,000, but it went to as low as $61,000.
Series of price corrections are happening. Bitcoin is on a freefall a few days before the halving event happens.
TBH, I didn't expect that the market will give us another opportunity to buy Bitcoin at a low price. I mean if you believe that Bitcoin will reach $130,000 or $140,000 in the upcoming bull run then buying Bitcoin now will at least 2x your money. Every price drop = opportunity for us to buy more Bitcoins and other altcoins as well. Bitcoin at $55,000 might happen but for me, it's highly unlikely that it will touch that price. $60,000 is what I consider as a psychological support, and I believe that there will be many buyers on that price just incase it reaches that price.
Overall, the recent drop is good for me because I bagged some Bitcoins again. I bought some Bitcoins (small amount only) at a low price in preparation for the bull run, and I hope that all of us here did the same as well.
