Post
Topic
Board Speculation
Re: Is it time to buy the dip in Bitcoin as it drops to $64,000?
by
uswa56
on 21/06/2024, 14:50:59 UTC
Do your own research and if you think he analyzed the trend correctly, then have your own strategy to approach the market.
It's hard to tell if we will reach that level this week but it's possible considering the current momentum of Bitcoin. If you can't decide yet don't rush, just wait for the right timing because the market is unpredictable and if you will just follow anyone's advise here, you might not be able to succeed on making good profit.
The best thing is to do what you say, because by doing your own analysis and research you can also learn where and when you will start to take action according to what we know and if there are mistakes, they can be corrected in the future.
I think there is always a possibility that it could happen, but if the increase seems a bit heavy and stuck at $72K, which cannot be passed until now, I tend to have another correction, and maybe it will be below $64K and remain prepared if you really want to buy it.
At any time, there is always a possibility for that, because I think the time for improvement is still far away and maybe at the end of the year there will be an increase.DYOR
Doing analysis first before deciding to buy it will of course be very useful and will also benefit us in collecting Bitcoin and when we have found the right time to buy it then we must be able to hold it until the target we want is achieved to get a profit from holding Bitcoin.
You are right, looking at the current market conditions, I also think the same thing, that the market will experience a price correction again, of course this will be very useful when we can collect when the price is experiencing a correction, but this will really depend on the funds we have that we can use and also have to endure for a long period of time.