Quote from: South Park on April 01, 2024, 10:12:23 PM

Quote from: Ayers on March 31, 2024, 04:51:59 AM

I also think there will be a significant correction in bitcoin before we really enter the bigger bull season. But we have no guarantees that that will definitely happen, so I think selling some assets now and waiting to buy bitcoin at a lower price is quite risky. I expect a pullback but I will not sell any bitcoin or investments at this time, I will continue to try to work harder to save money and DCA if the market drops as expected. I think this option will be more feasible and safer than selling and waiting to buy back.

A correction is definitely possible, it is just that the bulls are in such a strong position that no matter what happens they are able to push the price back up, I think this confidence comes from the fact that many investors are waiting for the halving to become the starting point of another bull run, however if their expectations fell short then that is the moment a correction could come and make the price to take a step back, an opportunity that we must not miss, as who knows if we could ever get another opportunity like it.

I think we shouldn't be expecting a correction after the halving event but before it. We are still about two weeks away from the halving event, and Bitcoin's price has already dropped below $70k which was the price from the last few days. I was thinking that if it went above $71k, we would see another new all-time high before the halving event, but if it dropped below, we might see it correcting itself in the next couple of weeks.

So now when it has dropped below that range, I'm expecting a dip or a correction from this point, and the market will start going up again when the halving event is near and once it is done, we will probably see the prices rising once again, marking the beginning of the second part of the most anticipated bull run.