Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin’s transaction costs rises to a YTD height of $ 2.4

2025-05-19

Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

2025-05-19

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-19

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17

    A dozen new defendants who were sued in the alleged Rico -entry, connected to $ 263,000,000 crypto theft

    2025-05-17
  • Analysis

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin: Why This Could Be the Right Time to ‘Buy the Dip’
Bitcoin

Bitcoin: Why This Could Be the Right Time to ‘Buy the Dip’

2023-12-11No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: December 12, 2023


  • Bitcoin liquidations rose as the price approached the $44,000 mark
  • Market indicators remained largely bearish for Bitcoin

As a market leader Bitcoin [BTC] has always played an important role in shaping the rest of the crypto market. For example, when the price of BTC dropped significantly in the last few hours, other cryptos simply followed suit.

However, this fuels an important question: should investors view this as an opportunity to buy more BTC?

The price of Bitcoin is falling again!

After a comfortable rally, Bitcoin finally registered a price drop. According to CoinMarketCapAt the time of writing, BTC had fallen over 4% in the last 24 hours alone. In fact, WhaleWire revealed that BTC wiped out an entire week’s worth of gains in just 6.4 minutes.

#Bitcoin wiped out an entire week’s worth of gains in 6.4 minutes.

People are slowly becoming worried and the moon boys are becoming quiet again – but we haven’t seen anything yet.

This is just a little teaser for what’s to come. The full scale of this carnage will be a thousand times greater.

Do not…

— WalvisWire (@WhaleWire) December 11, 2023

At the time of writing, it was trading at $42,048.39 with a market cap of over $822 billion. The bad news was that the king of crypto’s trading volume rose while its price fell, which is a common bearish signal.

AMBCrypto then looked at BTC liquidation levels to better understand at what point the coin’s price dropped. According to our analysis, BTCThe company’s liquidation level rose as the price reached the $44,000 mark. During that time, investors started selling, causing the price to drop, effectively creating a bearish market situation for the rest of the crypto market.

Source; Hyblock Capital

The prevailing downtrend also had an effect on crypto’s social metrics. For example, BTC’s social volume decreased slightly. Furthermore, weighted sentiment fell, meaning negative sentiment was dominant across the market.

Source: Santiment

Should Investors Buy the Dip?

Although the price of the king of cryptos has fallen, this could open the right window for investors to accumulate more BTC. Santiment also recently highlighted the same fact. The crypto analysis platform claimed,

“Crypto has experienced its fastest decline in four months as markets have corrected and caused mild concerns among traders. There is a high level of buythip calls, which usually means there is a bit of overzealousness and FOMO at these low prices.”


Read Bitcoins [BTC] Price prediction 2023-24

See also  XRP Price Pulls Back After Massive 80% Rally, Buy The Dips?

Therefore, it is worth looking at Bitcoin’s daily chart to see if investors should accumulate BTC at all.

According to AMBCrypto’s analysis: BTC‘s MACD clearly projected the possibility of a bearish crossover. The Bollinger Bands suggested that the coin’s price was also in a high volatility zone. On the contrary, the Chaikin Money Flow (CMF) remained bullish as it gained momentum on the charts.

Source: TradingView



Source link

Bitcoin Buy Dip Time
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin’s transaction costs rises to a YTD height of $ 2.4

2025-05-19

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

2025-05-19

All the reasons why the price of Bitcoin could be set for an explosive rally

2025-05-19

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Will Banks Drive Blockchain AI Transformation?

2023-05-30

8 Best Crypto Apps in 2024

2024-02-05

Anduro: a network of side chains

2024-03-02
Editors Picks

SBF has just testified (!) | Web3 Daily

2023-10-27

Britain risks regulating NFTs the wrong way, Mintable CEO says

2023-10-29

Plume Network will promote RWA financing in collaboration with Cobo

2025-01-19

Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

2025-05-17

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin’s transaction costs rises to a YTD height of $ 2.4

Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,878.19-0.97%
  • ethereumEthereum(ETH)$2,411.07-3.83%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.32-3.23%
  • binancecoinBNB(BNB)$639.41-0.95%
  • solanaSolana(SOL)$161.40-5.88%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.216722-2.88%
  • cardanoCardano(ADA)$0.73-4.52%
  • tronTRON(TRX)$0.263005-3.49%
  • suiSui(SUI)$3.66-4.90%
  • chainlinkChainlink(LINK)$15.19-3.29%
  • avalanche-2Avalanche(AVAX)$21.60-6.21%
  • stellarStellar(XLM)$0.280561-3.48%
  • hyperliquidHyperliquid(HYPE)$25.28-5.93%
  • shiba-inuShiba Inu(SHIB)$0.000014-4.72%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.92%
  • hedera-hashgraphHedera(HBAR)$0.186866-4.00%
  • bitcoin-cashBitcoin Cash(BCH)$384.10-4.01%
  • the-open-networkToncoin(TON)$2.98-4.07%
  • litecoinLitecoin(LTC)$95.63-2.77%
  • polkadotPolkadot(DOT)$4.50-5.44%
  • moneroMonero(XMR)$345.301.55%
  • bitget-tokenBitget Token(BGB)$5.13-2.04%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.000013-5.58%
  • piPi(PI)$0.71-4.30%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.74-3.48%
  • bittensorBittensor(TAO)$390.38-7.58%
  • aaveAave(AAVE)$219.52-2.84%
  • nearNEAR Protocol(NEAR)$2.68-3.56%
  • aptosAptos(APT)$4.99-4.09%
  • okbOKB(OKB)$51.81-2.50%
  • ondo-financeOndo(ONDO)$0.89-5.27%
  • kaspaKaspa(KAS)$0.104423-6.59%
  • ethereum-classicEthereum Classic(ETC)$17.77-3.47%
  • internet-computerInternet Computer(ICP)$5.05-4.09%
  • gatechain-tokenGateToken(GT)$21.32-1.18%
  • crypto-com-chainCronos(CRO)$0.094382-5.33%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.47-3.95%
  • mantleMantle(MNT)$0.73-1.04%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230686-3.37%
  • vechainVeChain(VET)$0.027185-4.46%
  • render-tokenRender(RENDER)$4.39-5.79%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • ethenaEthena(ENA)$0.349831-7.62%
  • filecoinFilecoin(FIL)$2.77-3.61%
  • algorandAlgorand(ALGO)$0.214404-3.70%
  • cosmosCosmos(ATOM)$4.64-3.73%
  • bitcoinBitcoin(BTC)$102,878.19-0.97%
  • ethereumEthereum(ETH)$2,411.07-3.83%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.32-3.23%
  • binancecoinBNB(BNB)$639.41-0.95%
  • solanaSolana(SOL)$161.40-5.88%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.216722-2.88%
  • cardanoCardano(ADA)$0.73-4.52%
  • tronTRON(TRX)$0.263005-3.49%
  • suiSui(SUI)$3.66-4.90%
  • chainlinkChainlink(LINK)$15.19-3.29%
  • avalanche-2Avalanche(AVAX)$21.60-6.21%
  • stellarStellar(XLM)$0.280561-3.48%
  • hyperliquidHyperliquid(HYPE)$25.28-5.93%
  • shiba-inuShiba Inu(SHIB)$0.000014-4.72%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.92%
  • hedera-hashgraphHedera(HBAR)$0.186866-4.00%
  • bitcoin-cashBitcoin Cash(BCH)$384.10-4.01%
  • the-open-networkToncoin(TON)$2.98-4.07%
  • litecoinLitecoin(LTC)$95.63-2.77%
  • polkadotPolkadot(DOT)$4.50-5.44%
  • moneroMonero(XMR)$345.301.55%
  • bitget-tokenBitget Token(BGB)$5.13-2.04%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.000013-5.58%
  • piPi(PI)$0.71-4.30%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.74-3.48%
  • bittensorBittensor(TAO)$390.38-7.58%
  • aaveAave(AAVE)$219.52-2.84%
  • nearNEAR Protocol(NEAR)$2.68-3.56%
  • aptosAptos(APT)$4.99-4.09%
  • okbOKB(OKB)$51.81-2.50%
  • ondo-financeOndo(ONDO)$0.89-5.27%
  • kaspaKaspa(KAS)$0.104423-6.59%
  • ethereum-classicEthereum Classic(ETC)$17.77-3.47%
  • internet-computerInternet Computer(ICP)$5.05-4.09%
  • gatechain-tokenGateToken(GT)$21.32-1.18%
  • crypto-com-chainCronos(CRO)$0.094382-5.33%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.47-3.95%
  • mantleMantle(MNT)$0.73-1.04%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230686-3.37%
  • vechainVeChain(VET)$0.027185-4.46%
  • render-tokenRender(RENDER)$4.39-5.79%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • ethenaEthena(ENA)$0.349831-7.62%
  • filecoinFilecoin(FIL)$2.77-3.61%
  • algorandAlgorand(ALGO)$0.214404-3.70%
  • cosmosCosmos(ATOM)$4.64-3.73%