Are we considering $66K a dip now?
I don't think $66k is the deepest as the price could decline further. Moreover, the price now shows no signs of increasing again. Everything can still happen, so prepare for something worse than now.
The price may continue declining until it is time for the halving. After the halving, the price will go sideways until people get bored waiting. Only then will the price increase slowly from up to down.
When people don't think much about the price of Bitcoin, that's when the price of Bitcoin can start to increase rapidly.
You're right .... US spot-Bitcoin ETFs have been trending lower this week. Bitcoin is down 10% as of Tuesday morning from its peak in mid-March. Apparently the price may have this downward trend until the halving. The amount of digital assets around the world continues to decline at a significant rate. Although I wouldn't compare bitcoin to any other currency. But it doesn't seem like the price of bitcoin will drop as much as you said. But golden opportunities have arisen for small investors like us. During this fall period we can increase the level of DCAing to double the rate which in the long term can increase the profit like buying dips and cycle growth rates.
you know we can't always jump into conclusions whenever bitcoin goes dip a bit at a particular week and then change our opinion when it suddenly goes high again.
It's been regularly reiterated that you only know that you're in a dip or bull market after the season has past and then the price of Bitcoin iether goes high or comes down. What was looked at in the past as an ATH would later become a seriously dip and that has been how the system worked till we have the current ATH that will in the future become a dip. Know that event will always play out to either increase or decrease the value of Bitcoin every week and we've seen how Bitcoin has looked a bit stable from the range of $68k to $70k for almost a week after which we are anticipating a serious surge that will probably lead us to $100k or above.
The issue is that when you spend all your time looking at what particular price is a DIP or which isn't, you're indirectly putting yourself in an unnecessary pressure and you're looking like some that's in search of quick gains and not some one that's ready to HOLD long enough.I don't really get what your pointing out to, you either seem to misunderstand the person you quoted or maybe pissed for another reason.
Each market trend or cycle often give us tips that we are in that cycle or entering, so I dont agree with you that we would only know what cycle we were in untill it is done entirely unless in cases where we are not sure or dont have any solid prove that we are in the bull or bear market( maybe cause of some consolidation and high volatility which happens to be the behaviour of the market). A bull market would be when the trend is buying overall and you should be looking from a higher time frame up to a year or 6 months, so basically when ever the Market overall trend is buying its a bull and when uts selling its a bear, but what soever most of us are still early in our bitcoin investment and news of what trend we are in shouldn't bother us cause we are still trying to accumulate some bitcoin, but yeah it's cool to want to take advantage of the dip to accumulate more bitcoin at a cheaper rate and maybe trying to be more aggressive in bear season and less aggressive in bull seasons. But if i must say we have been big dip since 50k to even 60k cause this prices are below our last ATH and we should consider it a dip, so yeah anyone buying then should have been aggressive if they knew and had taken advantage of it too, so I guess if you are behind in your accumulation or just starting market trends don't mean much cause you should be buying.