Quote from: Jating on March 17, 2022, 10:47:20 AM

Quote from: Devifajarina on March 17, 2022, 07:18:45 AM

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.

As a result of unbalanced demand and expenditure, so that bitcoin occurs up and down at a certain price, coupled with other cases that are currently happening make bitcoin corrected until now, so far bitcoin has not shown a correction at the lowest price, this resistance is likely to occur in a certain time, which is caused by events that can affect bitcoin's plunge at its lowest price, but on the other hand this pattern is a new stage of achieving ATH, where in previous years we saw it like that, anything can happen to bitcoin, a volatile market is difficult for us to predict

I think it's more of bitcoin corrected itself having reach a new all time high last year. But I would say that there is still the demand for it, maybe it's just the investors are reluctant that's why we have face big resistance since the start of the year. However, getting above $40k again without any positive news is a good indication that we can still be bouncing around that range for quite some time before we can retest $50k again.

the demand for it will continue to exist at any time, but the opportunity for now really depends on how bitcoin reacts going forward, the resistance point now is not the end of bitcoin's journey going forward, because I believe bitcoin will reach its normal point in 6 months and above, so for now only The problem of correction that does not make bitcoin is at a normal point, we must study how bitcoin travels in 2021, so that a comparison will come out this year