{"id":601158,"date":"2024-04-03T15:00:41","date_gmt":"2024-04-03T15:00:41","guid":{"rendered":"https:\/\/uniquehot.com\/?p=601158"},"modified":"2024-06-11T07:57:14","modified_gmt":"2024-06-11T07:57:14","slug":"investors-buy-the-dip-bitcoin","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/investors-buy-the-dip-bitcoin\/","title":{"rendered":"Crypto Expert Encourages Investors To Buy The Dip As Bitcoin Price Falls To $64,000"},"content":{"rendered":"

The Bitcoin price took a sharp downturn<\/span><\/a> recently, dipping below $67,000 and raising concerns among investors. However, a crypto analyst has encouraged the crypto community to <\/span>buy more Bitcoin<\/span><\/a> at this time, suggesting that the decline presents an opportunity to acquire BTC at a lower price.\u00a0<\/span><\/p>\n

Bitcoin Decline Signals Prime Buying Opportunity<\/h2>\n

Michael van de Poppe<\/span><\/a>, a popular crypto analyst and enthusiast, has remained optimistic about Bitcoin\u2019s future outlook, <\/span>urging<\/span><\/a> the broader crypto community to view the cryptocurrency\u2019s recent dip as a <\/span>buying opportunity.<\/span><\/a><\/p>\n

Related Reading: Dogecoin Hits Major Roadblock As Whales Go On Massive Selling Spree<\/a><\/div>\n

In a recent X (formerly Twitter) post, the analyst shared insights on the crypto market, noting the regular occurrence of both bullish and <\/span>bearish activities<\/span><\/a>, which contribute to the market\u2019s balance and stability. He also <\/span>revealed<\/span><\/a> that price corrections were normal in the crypto market, independent of market performance or conditions.\u00a0<\/span><\/p>\n

Poppe has encouraged investors and crypto enthusiasts to <\/span>buy more Bitcoin<\/span><\/a> now that the price is currently trading at $66,528, according to CoinMarketCap. Over the past week, the cryptocurrency has witnessed significant price declines, plummeting by 4.64%.\u00a0\u00a0<\/span><\/p>\n

This <\/span>unexpected price decline<\/span><\/a> has been attributed to the crackdown on <\/span>Silk Road Bitcoin<\/span><\/a>, an online black market that allows users to purchase illegal and unethical commodities anonymously using Bitcoin.\u00a0<\/span><\/p>\n

According to ZachXBT, a crypto community member, the United States government <\/span>transferred<\/span><\/a> 30,175 BTC worth $2.1 billion of Silk Road hack funds to Coinbase. This massive <\/span>Bitcoin transaction<\/span><\/a> has possibly led to the cryptocurrency\u2019s present decline, fueled by bearish news and market volatility.\u00a0<\/span><\/p>\n

\u201cAt peak bullish momentum, you’ll see a huge impact of every bearish narrative. This time, it’s the Silk Road Bitcoin being transferred. Anyway, buy the dip,\u201d Poppe stated.\u00a0<\/span><\/p>\n

BTC’s Peak Anticipated Before Halving Event<\/h2>\n

In another X post, Poppe <\/span>revealed<\/span><\/a> disheartening news, noting that a critical price zone had been lost for <\/span>Bitcoin<\/span>. The crypto analyst <\/span>asserted<\/span><\/a> that the cryptocurrency would not witness a surge to new all-time highs during this pre-halving phase unless it breaks through resistance levels at $69,000.\u00a0<\/span><\/p>\n

Related Reading: Solana Whales Are Making Moves \u2013 Here\u2019s The Direction They\u2019re Headed In<\/a><\/div>\n

The analyst foresees a <\/span>period of consolidation for BTC<\/span><\/a>, highlighting that during this time altcoins are expected to gain traction while Bitcoin undergoes a correction phase. He further disclosed that a <\/span>price correction for Bitcoin<\/span><\/a> indicates a healthy and organic market cycle.<\/span><\/p>\n

Poppe has stated that Bitcoin\u2019s area of interest lies between the range of $56,000 to $60,000. Concluding his post, the analyst further encouraged investors to <\/span>acquire Bitcoin<\/span><\/a>, emphasizing that \u201cdips are for buying in these markets.\u201d<\/span><\/p>\n

\"Bitcoin<\/p>\n

BTC price recovers from dip | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
Featured image from CNBC, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The Bitcoin price took a sharp downturn recently, dipping below $67,000 and raising concerns among investors. However, a crypto analyst has encouraged the crypto community to buy more Bitcoin at this time, suggesting that the decline presents an opportunity to acquire BTC at a lower price.\u00a0 Bitcoin Decline Signals Prime Buying Opportunity Michael van de Poppe, a popular crypto analyst and enthusiast, has remained optimistic about Bitcoin\u2019s future outlook, urging the broader crypto community to view the cryptocurrency\u2019s recent dip as a buying opportunity. Related Reading: Dogecoin Hits Major Roadblock As Whales Go On Massive Selling Spree In a recent X (formerly Twitter) post, the analyst shared insights on the crypto market, noting the regular occurrence of both bullish and bearish activities, which contribute to the market\u2019s balance and stability. He also revealed that price corrections were normal in the crypto market, independent of market performance or conditions.\u00a0 Poppe has encouraged investors and crypto enthusiasts to buy more Bitcoin now that the price is currently trading at $66,528, according to CoinMarketCap. Over the past week, the cryptocurrency has witnessed significant price declines, plummeting by 4.64%.\u00a0\u00a0 This unexpected price decline has been attributed to the crackdown on Silk Road Bitcoin, an online black market that allows users to purchase illegal and unethical commodities anonymously using Bitcoin.\u00a0 According to ZachXBT, a crypto community member, the United States government transferred 30,175 BTC worth $2.1 billion of Silk Road hack funds to Coinbase. This massive Bitcoin transaction has possibly led to the cryptocurrency\u2019s present decline, fueled by bearish news and market volatility.\u00a0 \u201cAt peak bullish momentum, you’ll see a huge impact of every bearish narrative. This time, it’s the Silk Road Bitcoin being transferred. Anyway, buy the dip,\u201d Poppe stated.\u00a0 BTC’s Peak Anticipated Before Halving Event In another X post, Poppe revealed disheartening news, noting that a critical price zone had been lost for Bitcoin. The crypto analyst asserted that the cryptocurrency would not witness a surge to new all-time highs during this pre-halving phase unless it breaks through resistance levels at $69,000.\u00a0 Related Reading: Solana Whales Are Making Moves \u2013 Here\u2019s The Direction They\u2019re Headed In The analyst foresees a period of consolidation for BTC, highlighting that during this time altcoins are expected to gain traction while Bitcoin undergoes a correction phase. He further disclosed that a price correction for Bitcoin indicates a healthy and organic market cycle. Poppe has stated that Bitcoin\u2019s area of interest lies between the range of $56,000 to $60,000. Concluding his post, the analyst further encouraged investors to acquire Bitcoin, emphasizing that \u201cdips are for buying in these markets.\u201d BTC price recovers from dip | Source: BTCUSD on Tradingview.com Featured image from CNBC, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":601173,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,1119,89185,1122,1144,78790,6664,90232,14690,91847],"class_list":["post-601158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-expert","tag-crypto-news","tag-expert"],"acf":[],"yoast_head":"\nCrypto Expert Encourages Investors To Buy The Dip 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Expert Encourages Investors To Buy The Dip As Bitcoin Price Falls To $64,000","url":"http:\/\/uniquehot.com\/news\/investors-buy-the-dip-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/investors-buy-the-dip-bitcoin\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Bitcoin_38b8aa.jpeg?resize=200%2C183","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Bitcoin_38b8aa.jpeg?fit=275%2C183"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto expert","crypto news","expert"],"dateCreated":"2024-04-03T15:00:41Z","datePublished":"2024-04-03T15:00:41Z","dateModified":"2024-06-11T07:57:14Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Expert Encourages Investors To Buy The Dip As Bitcoin Price Falls To $64,000\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/investors-buy-the-dip-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/investors-buy-the-dip-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Bitcoin_38b8aa.jpeg?resize=200%2C183\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Bitcoin_38b8aa.jpeg?fit=275%2C183\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto expert\",\"crypto news\",\"expert\"],\"dateCreated\":\"2024-04-03T15:00:41Z\",\"datePublished\":\"2024-04-03T15:00:41Z\",\"dateModified\":\"2024-06-11T07:57:14Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Bitcoin_38b8aa.jpeg?fit=275%2C183","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/601158"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=601158"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/601158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/601173"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=601158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=601158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=601158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}