Amid a persistent bearish scenario, Bitcoin is likely to enter what is known as Crypto winter.

In this phase of heavy losses, followed by a period of continuous stagnation.

Crypto winter hasn’t been long since it happened.

Where it happened between 2018 and early 2020, after which the crypto arena was able to bypass it in the end, record the rebound and compensate the losses for those who were patient and did not sell.

Warren Buffett, the sage of Omaha and the enemy of Bitcoin once said:

Be afraid when others are greedy, be greedy when others are afraid

Now the price of Bitcoin has reached a level that was much hoped for when the price of Bitcoin was at its peak at $ 65,000, with many analysts recommending buying the current decline of Bitcoin.

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Is this true and is bitcoin enough to fall or will it continue to test lower support.

Will Buffett’s philosophy apply to Bitcoin?

The following chart shows the psychological feelings of traders when the investment asset rises and falls:

Talking about potential opportunities, a popular cryptocurrency analyst named “Kaleo” recently tweeted about the current Bitcoin buying opportunity despite growing concerns about the current state of the crypto market.

“Kaleo” urged his Twitter followers to continue accumulating Bitcoin at current prices and not to give up on this opportunity.

And all because of current feelings.

So as I said and as I will continue to say – keep piling.

Do not waste this opportunity.

– KALEO (CryptoKaleo) 12 July 2021

Looking at the angle that the current market correction is an opportunity to buy more at a discount, the general sentiment (of the community) does not matter.

Regarding this matter, “Kaleo” reiterated his statements saying:

If you don’t think Bitcoin is dead, then it’s a chance.

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Looking at the chart above that Kaleo has attached to his tweet, the price recovery is quite clear.

Could current bitcoin prices be a good buying opportunity? Analyst Kaleo thinks so.

It is worth noting that it is not the first time that analyst “Kaleo” has expressed optimism about the movement of Bitcoin, as he previously tweeted that Bitcoin is on its way to surpassing the level of $ 100,000 in the long term.

And it is not only “Kaleo” who sees the current price of Bitcoin as an opportunity to buy, but there is also “Lex Moskovsky”, investment manager at the “Moskovski Capital” fund, who sees that the current price drop represents a great time to buy and store “HODL.”

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Conversely, billionaire fund manager Jeff Gundlach had a different approach to the current downturn in the crypto market.

The bond king predicted that the price of Bitcoin would fall below the $23,000 level.

He said in this regard:

At the moment, the Bitcoin chart looks pretty scary.

He added:

It looks like a huge head and shoulders top.

All of the above is not investment advice, but rather a mention of current opinions and attitudes towards the price of bitcoin to take a picture of what is happening about the current bitcoin price.

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