I do, because I believed the market would remain bearish and continue to drop. Even though we’ve recovered to $80K now, I still don’t think it’s safe as we haven’t truly returned to a bullish trend yet, as prices have stabilized at the current level.
I was expecting a deeper dip since I wanted to buy Bitcoin at a lower price, but that didn’t happen. Luckily, I already bought during the $70K dip, so I’m happy with my small profit in such a short time.
Yeah I was holding out for my $60k and then gave up at the $77k mark with those funds because I'm not a fan of setting limit orders and adding to buy walls (and my own resistance).
Maybe OP saw or read Robert Kiyosaki's tweet prediction on Twitter circulating on the internet that after reaching 100K Bitcoin will drop to 60K and then will go back up to reach a new ATH, and his prediction does make a little sense, but in reality the price of Bitcoin did not reach 60K.
I saw more than that.
When bitcoin was falling and it fall below $80000, I started to see pessimistic predictions including a Bloomberg analyst that said bitcoin will fall to $10000.
For the one for $60000, I also saw this also:
https://cointelegraph.com/news/how-low-can-the-bitcoin-price-goThey just want to create fear but bitcoin is better did not go below $74500.
It's possible that $60k stuck in my mind after seeing that headline somewhere. I don't look at many price predictions unless people have proven themselves before. But it is based in technical analysis because it is a strong accumulation zone. I don't think we'll drop below $20-32k at the end of this bull cycle to mark the bearish one. I don't want us to be stuck at $10k again we were there for too long, same goes for $16k.
I think long term bitcoin's obviously going past $1M, I'm just wondering where it'll stop along the way and where the best points for accumulation could be.