Stats indicate that BTC will remain bullish during 2023
Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Friends, when thing started to improve we observe another dip in market. BTC observed almost 1% dip in last 24 hours. Currently king of coin is trading around $16,800. Rumours spread that this is not the bottom of BTC. BTC may hit the $10,000 worth. Despite all the dip people are holding BTC as they believe in the top notch coin.
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BTC achieved massive success adoption after the rise of crypto market. There was a time when coin achieved all time high worth of $68,800. However, coin unable to sustain its worth and after achieving almost $69,000 coin observed 75% dip in its worth. Despite big dip, people like to invest in BTC. One of the main reason of investment in BTC is its past trend.
Just check out the trend How BTC performed during last 13 years.
Started from 2010 when worth of coin was $0.003 coin managed to achieve all time high worth of $68,800. This is simple gigantic. If you closely monitor the above chart you will get an idea how BTC behave in market.
From 2010 to 2013 after observing massive pump coin observed 58% dump in 2014. From 2015 onward to 2017 coin observed good pump. However, in 2018 coin observed 73% dip. BTC again picked up the momentum and achieved all time high worth of $68,800 during November 2021 pump.
Year 2022 proved tough for the BTC as coin observed more than 64% dip in its worth. if we check the pattern of BTC we observe that every 3 to 4 years BTC observe massive dip and after that it pick up momentum. This indicates that coin will perform well in year 2023.
One of the main reason of dip in BTC worth is soaring inflation, increasing interest rate and poor economic growth. Hopefully thing will become better for crypto market if the inflation number drop down.
Above data also indicates that there is no need to panic. Infact, holding is the key, it can transform your loss into profit. It was dream to purchase coin at $16,000 when the market worth of coin was $68,000. We are lucky to find this opportunity again. Even price of BTC may drop further. In my opinion it will be the best time to accumulate BTC. I suggest user to invest in small installment as it will help to accumulate more coin during dip. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
It was dream to purchase coin at $16,000 when the market worth of coin was $68,000- haha! Irony of life !! Seems there’s always a blessing in every disappointment. Now that btc price has massively taken a dip, it is kind of easy to acquire as much of it while the price is still at all time low .
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Yes, indeed a good buying opportunity. Thanks for stopping by and sharing your thoughts with us. Stay blessed
You nailed it.
I think BTC is worth buying now. It's best to accumulate regularly, that way can get average !
Well said. Good buying time. Time to accumulate BTC in multiple installment to take advantage of dipping price. Stay blessed
Looking at the graph, it seems that Bitcoin will reach a new all time high in the next bull market. Maybe this is what people foresaw that's why their holding tight to BTC and hoping for the bull run to emerge.
People are holding BTC because they believe in BTC. Let's hope that new year will prove great for BTC.
@tipu curate
Thank you
The title of your post brings joy to the hearts of crypto inverters as we know a bull run in BTC would filter down to altcoins including hive & leo and this would be so wonderful to see all the hard work done during the bear season paying off.