Bitcoin dip below $40,000 yesterday which most people thought was going to be the support or lowest price of the market as we were all bullish after Bitcoin ETF got approval from the security & exchange commission. The price of Bitcoin has recovered to trading above $40,000 but it might dip again therefore I'm writing this thread to advice the forum members not to panic. I haven't been too long in the industry as I started my journey recently but during my research and comparing Bitcoin prices before and after the halving, I noticed Bitcoin has never crossed the ATH before the halving but many people are thinking it'll do that this year rather I noticed that it always dips before the halving and that what is happening to the market therefore we shouldn't not be alarmed, this is what happens always from the history of Bitcoin and history always repeats in the market. Lets be guided and don't lose faith as the market is only dipping not crashing.
Only a newbie would panic in the current situation. We are in a great position, the price is quite high, the ETFs have been approved, the halving is just a few months away, what else could we ask for? I'm trying to buy a little more whenever I can, and if it goes down to $36-37k I'll try to buy even more, it would be a good news! I don't think we'll ever go below $30k again.
The price didnt really correct or having that pullbacks that much considering that we are now on post halving season on which majority of those people who do have already the experience on previous cycles
had been already anticipating that there would really be some nasty drops before the halving season and also comes after it on which it would really be just that normal that people would really be aiming for that one
considering that this would really be the most sweetest entry that you could have before this market would really be shooting up into the moon.Well, theres no guarantee as always since no one could ever
predict on where the price would be going on which we do know that market sentiment could neither goes the same into that path or would really be acting different this time.
This is why as an investor then there's no guarantee that you could really be able to make yourself that making out some assurance that you are doing the right way or guaranteed thing.
Always consider up yourself to be versatile and adaptive on whatever possible situations could happen.