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    Author Topic: Bitcoin proven many times holders won't regret  (Read 1926 times)
    Gladitorcomeback
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    May 17, 2024, 07:11:22 PM
     #181

    It won’t go above 70k usd. Now Bitcoins will take good amount of time in price correction. They will take time to settle and blend the price. We might see sever price fluctuations between 60-70k usd range. That’s pretty normal I would say. Moreover I will treat this price segment as an opportunity to buy the coins for cheap. I know Bitcoins are very rare, hence it will be ideal to accumulate as many coins as we can in this comparatively low price.

    What makes you say that the price won't go above $70k and it will keep circulating within the current range? I don't see any strong resistance levels up here to make that happen other than the resistance at $70k itself which if it crosses then it will head towards a new all-time high, probably.

    When it comes to buying, I would suggest you use the DCA method and don't keep buying within the same price range, if you have bought once between $60k and $70k, then you should wait to see if the price breaks below $60k and creates another buying opportunity or it will break above $70k and mark a new all-time high.

    I guess only time will tell, we can only speculate and make predictions, but in reality, we need to be ready for any outcome as anything can happen.

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