Re: Now Lot of things to focus on BTC!!

Unfortunately, bitcoin price has got a big dump in a few hours ago, and I guess that makes people panic because they don't expect to see bitcoin price is down deep. The panic happens in my WhatsApp group Grin

Some of my friends don't think that bitcoin price will go down. But it was back to $9,400 level, and that is happening now. So that is why we need to still be careful in the next few hours, but we also need to prepare if the price can bounce to the $10k again.

To be sincere, i expected the price of bitcoin and altcoins market to dump because the last bitcoin halving is yet to effect the market price and the reason for the suddenly pump in price of cryptocurrency market was the $50 million worth of Stablecoin which was used to accumulate BTC.

Maybe it will dump, but we don't know how deep the price will be a dump. That will be the best chance for us to buy more bitcoin, and I am sure that people will use that time. I am curious how much the price will be if the dump is coming, but I don't expect to see the price to go down below than $8k.

This current market momentum rely on the whales decision and this make it difficult for us to know what will be the bottom price if the Bitcoin market experience another dump in price but i expect the price to resist dump when it reachs $8500-8900. However, i think we shouldnt be talking about that now since the market is currently bullish.
In meantime, theres chance that the halving effect will happen anytime soon.