Quote from: tygeade on Today at 05:31:42 AM

Quote from: Joshapat on June 30, 2022, 09:34:57 AM

Today the price of Bitcoin drops again to around $ 19K, in my opinion this is a good four, I have a target to continue to buy as long as I think is low, of course the opportunity to buy at a low price is difficult to happen again when market rising.

We do not really need to fear this one fall because to be fair to it, we didn't really had any problems in the fundamental sense, it was just one whale that sold a ton of bitcoin. It was a huge amount, like half a billion dollars worth, and when the volume is low, and you take out half a billion dollars, then you end up facing a bit of a fall. Believe me, when the prices return to normal and the volume is high, all of these would be normal.

Plus, if someone ends up buying half a billion dollars today, we would go back up right away like nothing happened. This is why it is not a fundamental reason and it is a simple drop that would be recovering anytime now.

You need more volume to push the price back up while it doesn't take as much to push it down tho. As long as the market is bearish like this, most investors stay their hand and don't put all their money into the buy order since DCA is a thing. That's why I think it will dips then recover but then dip further since every dip, investors try to DCA in but it will not enough.