Quote from: Iranus on Today at 08:12:40 AM

Quote from: Dave1 on March 22, 2024, 09:49:51 PM

But after that $73k big run, now the price goes down hard again, $62k as of this time and hopefully there will be no more downward pattern for us. Maybe some of us are used to see the price going up and so we can only wish that the bleeding will stop at least at $60k levels.

You cannot expect bitcoin to rise to $100k without any correction. In my opinion, bitcoin touching $73k and then correcting to $62k is necessary and completely reasonable, it is not a sign for us to panic and dump the price. Why don't you take this opportunity to accumulate more bitcoin before bitcoin continues its journey to conquer $100k, why be afraid if bitcoin drops to $60k or below $60k? If bitcoin suddenly rose to $100K without any correction, that would be scary, IMO.

To be able to strengthen Bitcoin, usually Bitcoin will undergo a correction so that there is an urge to increase even higher, but perhaps not before the halving period, and you have to be patient to wait after the halving period has passed, and maybe not at first. I agree that in a situation like this, it is the right time to continue buying because the situation will stagnate in the current price range for a long time. Based on the analysis I have read, this movement will be the same as in 2013, where there will be two ATHs. Whether this is true or not, always be ready for the last ATH that Bitcoin will make, whether at $100K or $125K, don't be fooled like 2021 hopes for $100 K didn't know they could only afford it at $69K, so they had to wait a long time.CMIIW