Quote from: Oshosondy on March 08, 2022, 07:08:23 PM

I am thinking history is repeating itself, bitcoin reach ATH of $69000, as of that time till now, bitcoin price has been with net decrease. Bitcoin price reach $50000 and later falled below $40000. $40000 is now the present resistance as the price increased above $40000 and decrease below again. What I am thinking right now is that bitcoin market will not favor the buy side and we do not yet know the extent the downturn can be.

What are you people suggesting, is this time to buy bitcoin or a time to just to have sold and wait for another bull market because this time will be more of the bears than bulls while the bulls are turning to bears making the market not to favor the upside.

Please, give accurate information as you are think it can be, we all still know that bitcoin price will rise and reach ATH again.

in fact, in terms of speculation, it is very difficult to give accurate results. it's just that, personally, this might be a good time to buy bitcoins. the reason is, as you said, after the bitcoin price hit $69k, the bitcoin price dropped down, and is at its current price. however, $40k is the price of resistance now. however, I think the potential right now is huge for bitcoin to hit the $45k minimum price again. however, the drop in bitcoin price from $69k to $50k was due to a correction, and the drop in bitcoin price from $50k to its current price was due to a bear market. Currently, there is not enough good news from bitcoin to see its price rise again. but the fact is, the current development of bitcoin in the real world is really growing fast, I even wonder why bitcoin hasn't gone up to its current $50k price. well, i believe that bitcoin price could go up again, so personally, buying at this time is a pretty good thing.

Another source of information, based on research and price analysis conducted by the cointelegraph team on the 14th yesterday, they estimate the decline in the price of bitcoin could reach the deepest price of $37k. well, to date, the price of bitcoin has even gone up to a price of $40k. besides, if this bulls continues, there is a potential for bitcoin price to hit $42.5k in the near term, well, let's hope it can push up to $45k.