“It’s time to buy bitcoin,” says the community as the price falls
At this time when bitcoin (BTC) is experiencing days of high volatility, members of the community express their confidence that the bullish rally will continue and see the situation as “a buying opportunity.”
With the loss of the USD 100,000 support that the digital currency had reached days ago, most of the comments on social networks point out that These falls are usually “normal” in bullish seasons.
“In a bull market the price tends to make setbacks to these levels to continue rising,” says the user identified as @drakulyadmt. Consider that the balance point of the current range is close to $97,000.
The idea is supported by @xavigamzfor whom in the short term the outlook is bearish, but “in the long term we continue bullish«.
@Aurea_Criptofor its part, think that the decline may be around USD 92,000 to USD 95,000, which it sees as a buying zone. Think that the price to protect It is USD 90,500value indicated as support.
Like other commentators, the expectation of bitcoiners is bullish. Hence the range of $91,000 is maintained as an indicator important, considering that as long as it doesn’t fall below that range “the bullish scenario is still valid.”
The fact that the decline has represented a significant liquidation in the market is also highlighted. In that sense, many remember that decline is accompanied by a collapse in receipts for bitcoin ETFs in the US
As CriptoNoticias reported, the flow of money decreased this January 7. And although they closed the day with a positive daily balance, overall capital outflows They reached 540 million dollars. This is a negative performance that directly affected the price of bitcoin.
Despite this, the position of most analysts indicates that the bull market it’s far from over. This is pointed out by the Grayscale firm in a report, in which it assures that “the current combination of indicators is consistent with an intermediate stage of the market cycle.”
It’s the same position that holds the analyst Juan Rodríguez, who remembers that the months of January and September They are usually corrective stages.
It is the same hope that the community expresses in X, where the loss is repeatedly seen as the most appropriate time to acquire BTC, that will allow you to obtain profits in the future.
In this way, the expectation remains that new historical highs will arrive in 2025.
However, it is admitted that, for now, the macroeconomic news and the proximity of Donald Trump’s inauguration as president of the United States they can keep pushing strong market movements.
At the time of this publication, BTC is traded on the main exchanges for $93,716, as can be seen in the CriptoNoticias Price Calculator.
