Quote from: cryptomaniac_xxx on June 02, 2023, 08:33:52 PM

Quote from: MoonOfLife on June 02, 2023, 12:54:32 AM

Quote from: capedbaldy on May 31, 2023, 03:54:01 PM

Quote from: lkjhg on May 31, 2023, 01:41:58 PM

correction is an opportunity so why worry if the Bitcoin price corrects from $ 30k?,
the halving is still 1 year away, to be precise, maybe in Q2 2024,
so it's better to focus on adding to the portfolio because we are still in the accumulation zone of Bitcoin price action.

Exactly, we have nothing to worry about the current market conditions, we are planning a DCA strategy of adding assets because the market is very volatile at the moment but it is likely to correct below 25k, but I really hope bitcoin never returns to 20k because of the bad impact on the bitcoin price before halving, there's no telling what the next low will be as bitcoin has been holding on to lows for the last 2 years.

But unfortunately, too many people don't see that. If you follow all the price discussion threads on the forum, most people expect bitcoin to rise soon, no one wants bitcoin to drop in price to accumulate more. I don't know if people are already too rich and like to buy high prices or if people have accumulated enough bitcoins for themselves. But the price increase of bitcoin would be meaningless if we did not have bitcoin.

I think that is everyone's mindset, we don't want our assets, not just bitcoin to go down and see our the profits of our portfolio going down. But we all know how volatile bitcoin is, as we have the bear and bull market that happens every 4 years and it's a cycle.

Looking back at this thread, the OP says the strong support is $28k. But we've seen the price going down even further a bit to $26k, which now becomes our strong support. Hopefully though we can get back to at least that price levels. In the last 24 hours, their is some minor movement above $27k and hopefully we can maintain it.

On the time that you had stepped your foot into this market then you should really make yourself that be prepared for whatever situations that you would be able to face or experience on specially on dealing with something which is really that volatile. Pumps and deep corrections are really that something we could be able to experience on point with or without any solid possible reason behind.
This is why applying out some fundamentals would be common but it would be more when you are really that having those TA analysis.

We've been correcting on $30k price on previous months i do remember on which we do have that kind of impression that we might be able to break prices further. It did failed and make out some
rejection into its price and now we are sitting below these levels and making up some these movements ups and downs for how many months now. The question about
are there reason for you to worry? If you are really make out some futures trading then you would definitely be having but if spot and long term
holds then it wont really be that much of an issue or a concern.