The Bitcoin market is very volatile and unpredictable, it is completely uncertain when its price will go in which direction, the market price is low now, but it can move forward with great pumping at any moment. So one should never panic at small dumping, they should be considered as buying opportunities, every market decline is an opportunity to buy new dips, and those who can take advantage of this opportunity can benefit the most. But most new investors, instead of taking advantage of this opportunity at this time, panic and sell their holdings, thinking that it may fall further. And the reason for this is that they do not know the basic volatility of Bitcoin, they do not have much idea about how Bitcoin can skyrocket in a short time, and because of this they decide to sell. That is why beginners should try to understand the basic issue of the Bitcoin market, once they are truly familiar with Bitcoin, they would never have decided to sell.
It can be challenging to forecast the next market trend in a certain situations but not in the current one.
I believe you don't follow the main factor that started the current downward trend in the price of Bitcoin, which is the dispute between the US and the Chinese president over tariff increases. However, I think you should be aware that when the US president announces a halt to tariffs for a few days, it will affect the market price, which is why we see Bitcoin reaching the 83K price.
Yes, but since the tariff hike might be a calculated attempt to create market turbulence, the dump presents a chance to buy low.
Of course, there may be other reasons for this. In response to the decision to impose more tariff on China and in retaliation China has also announced more tariffs on America which is a tariff war between the two powerful countries in the world. This may affect weaker countries financially. We can assume that this has affected the Bitcoin market, but we should remember that there was a dumping situation before and that situation changed soon.
We should accumulation Bitcoin regularly at dumping because after the bearish season we can expect a bullish.