Are we DONE DIPPING? Was $60,000 the bitcoin low?
Published March 17, 2026
by Joel Bomgar
YouTube Video Transcript
Are we done dipping? Was $60,000 the lowest Bitcoin's price is going to go in this four-year Bitcoin price cycle? The answer is we don't know. We never know. If we knew, we could take out massive leverage and, you know, bet huge 10 to1 20 to1 leverage on Bitcoin and make a gazillion dollars. And the reason we can't do that is as soon as we bet that never again will Bitcoin touch $60,000, guess what? for like five minutes, it'll go down there just to liquidate your account and then it'll bounce back up to 75,000 and keep going. So, nobody knows, but I think there's a greater than 50% chance that $60,000 back in early February, February 5 was the lowest Bitcoin price we will see this cycle. uh historically uh for the last you know number of weeks James Czech has been saying that there is probably a 60% chance that was the bottom of the the lowest price the price will go in this four-year cycle and if it wasn't that there's not much lower it you know realistically is likely to go below 60,000. So even if 60,000 wasn't the bottom it's probably pretty dang close to it. And again, there's a, you know, probably a 2 to1 chance that that was the bottom, which means the lowest price we will ever see again in the history of Bitcoin is a price above $60,000. Now, how how high above? Nobody knows. So, there's no way for us to know, which is why my advice is the same as always, which is buy as much Bitcoin as you can and hold on to it for as long as conceivably possible. Why is that my advice? Because it's the only thing that works. We don't know what Bitcoin's going to do. We don't know how low it could go. And if it does go low, oftentimes it goes low like for like a very very short period of time. For example, back in COVID, uh on I think it was March 12 of 2020, the price of Bitcoin dropped significantly for like part of a day. And so, yeah, if you were there to buy a bunch of Bitcoin on that dip, you could buy a bunch of Bitcoin for cheap on that dip. But again, nobody knew that was going to happen. Nobody predicted CO in advance. And even if they did, nobody could predict what the exact bottom of CO was going to be or that it was going to happen on March 12 or that the price would get below $4,000 uh very temporarily. None of those things are knowable, which again is why right now is a great time to buy Bitcoin. So was 65,000. So was 60,000. So is 80,000. All of those are great prices to buy Bitcoin. And it's that simple. So, I'll do a separate video shortly here about some of the major projects I've been working on while Bitcoin has been in this price dip. Uh because again, the exciting thing is you can buy Bitcoin for cheap. And thankfully, once we get through this bare market and people know in retrospect in the rearview mirror what the low was, then everybody will reset their expectations for the future. If the low was 60, then people will say, "Oh, okay. the low went from five cents to $2 to $92. And these are at, you know, two to four year increments. Um, the first one was was a two-year increment, which was a a bottoming price of $2 back in 2011, uh, or sorry, 2012, and then $92, and then every after that it was every four years roughly. So, the bottoms are like, okay, goes from $2 to 92 to 3,200 to 15,500 to 60,000. That's a pretty aggressive upward trajectory there. Well, once people know in the future that that was the bottom, because eventually there will be a bottom, if that was it or not, um then we will be off to the races. So, I'll do a separate video on some of these similar themes uh shortly here, including what I've been working on. And uh we will uh be off to the races. But uh in the meantime, buy as much Bitcoin as you can and hold on to it for as long as conceivably possible. Same advice as always. The only advice that always 100% of the time for the last 17 years of Bitcoin has been the right and the good advice.
Disclaimer:
The content provided in this post is for educational purposes only. It should not be considered financial, investment, or trading advice. I am not a licensed financial advisor, and all opinions expressed are my own. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Investing in Bitcoin or any other assets carries risk, and you should never invest more than you can afford to lose.
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