Yeah.., but 56. That is not that far away from top 50, and perhaps today we are going to be back in the top 50.
There does not seem to be any reason to worry about BTC prices and/or even daily weight traded BTC prices, even if we were to be knocked off the top 100 chart, and yeah, it has not yet happened... so there really seem to be a lot of various support levels that would need to be broken if we were going to first drop off of the top 100 (which hey is in the lower ends of no man's land so not even out of the question to drop off), but then second to get all the way to the bottom of no man's land, which I estimate to be around $55k, and we have not even come close to getting there, yet..
The bitcoin halves are the expected one in the current date,because some of the traders had loss their holdings to sell at good price.They are not satisfied with the value of71k dollars in the bitcoin price.Such people waited for the value to reach the value of 80k-85k dollars,but the bear after the bull run was the common one.So the correction was happened to the 60k mark after the 71k dollar and it was absolutely the drop from the all time high.Now in the past 24-48 hours,the price of the bitcoin going to back the value of 71k dollars.So the traders should use the current halves to get back the profit from it.
Sure there might be some traders who are able to figure out how to play the various price waves in bitcoin, yet that kind of practice is not good for an overwhelming majority of normal people. The best of practices is to establish and/or build a bitcoin position over time, and sure if you have been in bitcoin for a while, then maybe you have already been building for a while, yet frequently it can take normal people 30-40 years to build an investment position that is worthy of living off of or supplementing their income, yet it may well be quite possible that in bitcoin, the time could be cut in half or perhaps even less, depending on how much disposable income a person is able to invest into bitcoin and to do it consistently without overdoing it and while making sure that he preserves/protects his coins.
Any suggestion that you are making about trading bitcoin for profits seems short-sighted and not a very good way to proceed, at least with bitcoin, and sure if a guy built his BTC position 5-10 years ago or longer, he may well be in a better position to be shaving off coins, and maybe he might try to time his sales for when the BTC price is going up rather than when it is going down, but if a guy is way newer into bitcoin, then he is better off to just keep buying BTC and not fucking around trying to figure out if the price is good or not.
Now, you usekevin, have been registered on the forum for nearly a year longer than me, so hopefully you have established a decent BTC position and you are not fucking around trying to trade your BTC, but surely you may well be trying to time some periods in which the BTC price is going up so that you can shave off some profits.. but if you have been fucking around trading for the past 11 years, then maybe you don't have shit to show for it. What say you? Ae you still recommending trading, or do we need to show you how you could have had established a pretty large BTC stash by not fucking around and just buying BTC continuously, even if you might have ended up starting to buy BTC later than your forum registration date.
I am not saying it is impossible, but still. Around the end of February we bounced from $53k-ish and into the $60ks without hardly looking back, and barely a couple of times revisiting the upper $50ks.. so yeah, maybe we go down, but I am not complaining about where-ever we happen to be in the top 100.. no problema.
The price flow only based on the market change,because the market has the capacity to get back to any value in the short period of time.The traders mostly use the market for the profit gain using their investment of their money.During the halves time,the most valuable asset will be the bitcoin.Because the profit from the market is more in the bitcoin trading compared to the other coins available in the cryptocurrency market.The demand in the bull run was the main cause for the huge variation in the price of bitcoin compared to the normal price change.In last 24 hours nearly 2k variation in the price of bitcoin from 63k to 65k dollars and 70k was in the same road.
Still. I doubt that anyone can really project which way the BTC price is going to go in the short-term. Yeah, we can zoom out and see that largely we have been in a bull run since late 2022; however, we might not have realized that we were in a bull run until either mid-2023 when the BTC price started mostly staying above the 200-WMA (which was around mid-$20ks at the time); however, the fact that we were in a bullrun since late 2022 might not have had been realized until around October 2023.. so it can sometimes be difficult to know when we are in a bullrun, and so if we presume that we are still in a bull run (until we no longer are), then we may well expect several fairly large BTC price corrections along the way and during the bull run, and so this most recent one has been around a 20% correction so far from the upper $73ks and down to the mid $59ks.. So yeah, sometimes during a bullrun, the corrections can be larger and they can last longer than expected, but are we really going to know and who is going to want to try to trade that crap instead of just having an overall policy and/practice of mostly ongoingly preparing for UP... I personally don't find much value trying to sell BTC in order to buy back lower rather than just having a more reasonable plan that mostly hangs on to most of the BTC.. and if there is any selling involved on the way up, it tends to be a mostly small amount.. just as a kind of downside insurance and is largely not meaningful in size as compared to the total size of the BTC holdings.. which largely means mostly holding rather than either selling and/or trading.