ATH at $73K has indeed been seen for some time and now Bitcoin has returned to below $65K which is a very good indication for those who did not dare to buy above $70K in some time. Because if someone intends to survive in the long term with Bitcoin, there should be no fear of buying at that price level because Bitcoin can still exceed that price this year.
After the halving, it is still possible for Bitcoin to experience a more significant price increase than now if its buyers can continue to increase by making more demand.
Obvious, Bitcoin is on a new trend and there have been questions on either it is a good approach to invest in Bitcoin at the time given the fact that, we are weeks to the halving and yet, we’ve seen the break and creation of an ATH. This haven’t been the case with Bitcoin through previous history of the pioneer currency but, it’s happening anyway.
For the many that was asking these questions on a good buying opportunity, here it is, a dump below $65k isn’t a bad spot to start your investment and be ready to hodl till the halving and beyond. If we have those expecting the market to dump even further, I guess you should have a reflection on how long we’ve been bearish and see the market heading towards a more sustainable bullish trend in weeks to come.
With how the price of bitcoin has been falling after hitting the recent ATH of $73k and later dropping down to $62k just in the middle of today you will wanna think bitcoin is trying to be democratic, democratic in the sense that it wants to extend yet another opportunity (to carry everyone along not leaving any person behind) to those that are yet to buy to see a position to buy and hold before the halving eventually come into place. There's still opportunity to make profit if an investor should buy at $62k and hold waiting for the bullrun. But it will be more favourable starting to DCA at this point and continue towards the upper circle after this very one in focus, for long term holding is where the main profit making really lies in bitcoin investment.