- Bitcoin's value remained at more than 28k$, its price did not break 30k$ at the entry of April 1, but it is not bad to say because it is close to 30k$.
The important thing is that we still remained bullish on the market, even despite the various rumors about cryptocurrency. But it's still good that we keep a close eye on the movement even though what happens is unpredictable due to the volatility that bitcoin has.
Right, we wish we can hit that $30k, but with some negative news around the last week of March, we didn't have enough push. But the most important thing is that the price reaches it's barrier again at $28,500 and I think we will see it trading sideways for sometime in April, maybe a couple of days or even in the first week. But after that we will see a break out run, either on the upside of it, $30k, or just another minor correction to $25k-426k. But that is a healthy correction as the price might rally after that because it will be open for another opportunity to purchase because as I have said, we might not see $20k as our entry point anymore. So this is still a good price to buy and get in the ecosystem before it's too late. Because the next bull run could be higher than we all expected.
Forget about 30,000 this month, there have been a lot of sec issues lately that will keep the price below 30,000 for a long time but as things, goes on we may be able to cross that price bench but for now,3 we have to learn to keep things on a basic level.
This is not so bad, people need to learn to embrace the downward movements just as they appreciate the upward movements, a downward movement is the opportunity to buy coins for a huge discount, once you think on the dips and the bear markets in this way instead of fearing them you will begin to look forward for them, because as smart investors know any profits you have the potential to make are made when you buy the asset and not when you sell it.
Yes, that's what I'm saying, we should understand that the price won't go on a direct parabolic rise, specially with
BTC volatility. So there would be time that the market is going to be down -1% to as high as -5%. And then we will rebound and move higher than the previous price. That's how a downward movement will be positive to us. When it goes down, then buy more and HODL. Or for short term speculators, they can take advantage of that as well and make money selling when it's goes up. In any case, it's a win win situation for everyone.