Quote from: btc78 on March 23, 2022, 09:03:20 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

it is not Unbalanced demand and expenditures mate instead that is Supply and demand , meaning this is how circulation happens and the volatility take effect , and also this indicates How healthy the market is and how Bitcoin is being used in daily basis.

So what if Bitcoin will maintain that 40k position? so what if the price will fall below that even?

the important thing here is that Bitcoin is still in process of making ATH in the long run, no matter how difficult the situation still Bitcoin managed to make climb each time.

That's actually what happened for bitcoin, when supply and demand or demand and spending are not balanced, then bitcoin's volatility will decrease against the cycle, thus forcing the market to be unhealthy, because the market cannot possibly be chaotic, if no one influences, for now and in the future anything can happen for bitcoin, whether it stays in the 40k position or falls lower in price.

but in the long run, I don't think bitcoin is a problem, because the correction process will make bitcoin even better, it could even reach its highest ATH