Quote from: bangjoe on December 12, 2022, 06:17:38 PM

Quote from: Freddie Boyer on December 12, 2022, 04:48:21 PM

The more bitcoins available, the easier it is for people to buy. The lower the price, the easier it is to get it especially for The strong hands.

The question is whether this will increase the level of resistance higher for each dump, especially during the current period which is very vulnerable to correction??

There will always be resistance and correction, that's what naturally happens in the bitcoin market. The big or small resistance level depends on the time frame you use on the Bitcoin chart.

I suggest never to be afraid if you jump into Bitcoin right now, thinking too much about corrections and resistance will only make it too late for you to collect Bitcoin at this discount.
Considering that the market is currently still bearish, it's a good idea to invest in stages every week or commonly known as DCA (Dollars Cost Averaging), this will make you less stressed if there is market rejection because your goal is to collect more Bitcoins for the long term, if you spend your money on a single purchase transaction, it usually stresses you out during a correction or decline.

Your suggestion is good to take advantage of current low price of Bitcoin is take entry now, rather than waiting for further fall which nobody knows, it falls or bounces back from current level. Using support/resistance as well as moving average indicators is good idea for day and swing traders, but for long term investors accumulating Bitcoin on every major dip is best strategy and it works well in the long term.