I've been in-between moving back to USDT and hodling my Bitcoin in the hopes it may reach the psychological price of $10,000. But this voice in my head that just won't go away says, a heavy dump to $6,500 is on the way. I just hate to get my hopes up high and then dashed again.
Any thoughts?
Any thoughts?
The chances for a dump this year is very slim. As you can see the investors were so hyped because of the Bitcoin halving that are trying to accumulate as much as they can. The past 2 halving's outcome has become the trend up to this very moment, while Bitcoin is gradually crawling back to a 5 digit figure. Absolutely no obvious sign of a dump.
If it happens to dump down to that level, then that's still good for accumulation.
Agree with that since in every halving we can see the price always goes up as per charts below shows.
So better we should bare more confidence since the next halving round is nearly coming and since all past rounds gets a good result so there's no question for this year's month that we can see another good sets of pumps until the price reach for another ATH or maybe closest to the past ATH.
I really think we should need the confidence in trusting Bitcoin more because this is what has always bitcoin does, the correction is pretty normal, but a sudden flickering down movement of Bitcoin will surely cause a few waves of panic from weak holders, I know this is what OP is thinking right now because the movement upward had turned to a downward slope but as you have said the halving is near and that trust in that even can certainly make a go to another ATH.