What Goes Down Must Come Up — Why Now Might Actually Be a Smart Time to Buy Bitcoin
Be greedy when others are fearful — even if your portfolio is crying.
Hey folks — the Bitcoin Inspirator here, your friendly professional Bitcoin investor slash contrarian. Let’s talk Bitcoin, and why this latest dip might just be your invitation to start nibbling like Strategy (or at least watching closely) — even though I believe we still have a little further to drop; not a full blown bear market but there are hints it’s starting?
1. The Scene: Bitcoin’s Not Exactly Skyrocketing Right Now
First, the facts. Technical chart-analysis shows that for Bitcoin we don’t currently have a well-defined, strong support level that is widely respected by price action. For example, one recent analysis concludes:
The first strong support zone sits in the ≈ US$93,600-93,700 band. (Investing.com)
If that fails, the next lower zone could be around US$88,000-90,000. (Investing.com)
Additionally, newer data show Bitcoin’s technical ratings are skewing toward “sell” or “weak hold” in many timeframes. (TradingView)
So yes — I believe the down-leg may not be over; we’ve lost support on the monthly chart. That means, ironically, what goes down still might go down a little more(before the next up leg).
2. Why I Believe We Might Drop More (Yes, More)
Because the support structure is thin. Without a strong prior demand zone holding multiple touches, there’s less “floor” for price to bounce off. So the risk of a deeper drop increases. (Cryptohopper)
According to recent technical analysis, as long as Bitcoin stays below the ≈ US$99,500-100,000 zone, downward momentum is more likely than strong reversal. (Investing.com)
In plain English: until there is a clear bounce off a well-defined support and a break above key resistance, the path of least resistance could still be lower.
3. Why Still I Think It’s Worth Nibbling
Here’s my twist. Yes — things could go down a bit more and NO ONE can call the exact bottom. But if you believe the long-term story of Bitcoin (scarcity, institutional adoption, digital store of value) then starting to buy small before a major bounce makes sense:
Nibble now: get in at a lower price while the risk of further downside is visible.
If it drops further, keep nibbling: add small amounts into the next support zones I’ll outline below.
If it bounces soon, you’re already in — and you’ll look smart (or lucky).
You’re not placing your entire stack. Think of “nibbling” like sampling: you buy a bit now, keep powder dry for the next drop, and scale in.
4. Nibble-Zones: Pricing Levels Based on Technical Analysis
Here are some rough zones I’m watching for where to nibble (in order of preference). These are not guarantees — they’re just zones where the risk/reward might start to favour the buyer.
Game-plan with these zones:
Start placing small buys in Zone A now.
If you see price drop into Zone B, buy a little more (or have funds ready).
If the drop continues into Zone C and you still believe the long story, consider a more substantial add (still within your risk budget).
But always set stop-loss or at least be comfortable with the drawdown. Because yes — the price could go below even Zone C (though that becomes less probable the lower you go, assuming narrative remains intact).
5. Final Word — A Bit Witty, A Bit Serious
So yes, dear reader: while everyone else is fretting “what goes up must come down”, let’s invert that. What’s gone down might just be getting ready to go up. But—and this is the serious bit—just because something’s cheaper doesn’t guarantee it can’t get cheaper still. And the support picture for Bitcoin right now suggests there is further downside risk.
Hence: nibble now, with small amounts, and if the drop continues, keep nibbling into the defined zones. If the bounce happens earlier, you’re already positioned. If not, you’ll have averaged in lower.
As always: this is not financial advice. It’s just my view—part contrarian, part opportunist, part sarcastic poker-player. Oh btw, where are the moon boys now? $250K by end of 2025 says Tim Draper … and many others. No so much now eh? Of course by the time you read this we could be back above $100K lol
Go sip your coffee, maybe buy a little Bitcoin, and enjoy the ride. 🎢
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