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The Never-Buy Dip: How Fear Keeps Shifting Crypto Entry Prices
Bitcoin at $61.8k after testing $60k support. A new cohort of buyers hesitates, repeating the cycle of missed entries. The disciplined fix is DCA, not timing – but only if you start before the next leg.
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Bitcoin buyers have another chance to buy the dip. The largest cryptocurrency trades around $61,800 after a drop last week that brought it near the key $60,000 support level. Many retail traders are waiting for a deeper fall, maybe to $50,000 or lower. They struggle to decide whether to buy now or hold out.
That hesitation is a familiar pattern. Crypto analyst Michael Van de Poppe captured it in a recent tweet, repeating warnings that users heard a year ago when Bitcoin sat above $100,000. Back then, traders who missed the 2024–2025 bull run said they would buy when the price dropped to $80,000. Now it's below that level, and buying momentum is still weak. The goalposts keep shifting.
The trap is that each price level feels almost low enough until it breaks. At $80,000, $60,000 seemed cheap. At $60,000, $50,000 looks inevitable. Fear resets the acceptable entry price with every leg lower. By the time the market turns, few have actually bought.
The same story played out in 2018 and 2022. In 2018, traders who swore they would buy below $10,000 froze when Bitcoin fell to $3,200. In 2022, the same hesitation happened during the bear market. The maximum pain phase, when fear peaks, created the best long-term entries. Retail participation dried up at the exact moment it should have gone the other way.