BTC has crossed the mark of $43k after a while and will it pump further towards $50k and is this the buy in period or else it will once again dump and stay around $40k for some more time? IMO there are more possibilities of bitcoin recovering from recent correction and March towards $50k which will send green signal for entire crypto market and we have even noticed it's positive effect today on top altcoins, what's your take on this?
Even today it was trading around $44.5k levels, it fell down all of sudden and right now it seems anything could happen in bitcoin market. I am sorry that I am not here to spread FUD but it seems that bitcoin market may quickly test its support region one more time which may be below $40k levels this time as well. But, on positive side, we may have sharp bounce back from the current price levels which may go up to $45k to $49k levels in coming days hence just watching market for few more days might get anyone about the clear idea on market direction.
Yes. We'll just observe the market in the next days so we will know what will be its next move. I think if the market turns bearish, there's no need to fear or panic since we all know it won't be forever. We just need to be open minded and always remember that a market needs a bullish and a bearish cycle for it to evolve.
However, this correction or let's say this soon to be bearish market is another opportunity to invest so we have to grab the chance while we can accumulate coins at their cheap prices. It will be a good start to make good profits in the future.
We can learn from the history of Bitcoin movement, then we will realize the bearish trend is only temporary, and Bitcoin can always recover again.
Moreover, until now Bitcoin still has a strong support price, so I believe Bitcoin in the near future will not fall below the price of $ 40k. So if we want
to buy Bitcoin now is the right time, because now Bitcoin is at a low price, and maybe we will regret it if we delay buying Bitcoin. Because it is very
likely that the price of Bitcoin will soon be bullish again, especially now I see there is a positive movement of Bitcoin. So don't waste the opportunity
to buy Bitcoin at the current price if we really have the capital to invest.