Topic: BTC price is 47k$, is good time to invest ? (Read 434 times)

The price of bitcoin is around $50k but within some days, price will hit big amount. So it will be wiser decision to buy more bitcoin at this current stage. Otherwise it will not possible to buy large amount of bitcoin with same capital what you have now.

In bitcoin trading, I believe there is no right or wrong time to get in. As long as you will stick to the simple rule of trading, buy low sell high. You get your profit. So for example, if you buy at 47k, of course, you need to sell it above 47k to get your profits plus your fees involved. And that means, you need to wait for btc to increase its price. And that time period, no one can tell you. So you need to prepare for yourself, if you are willing to wait or not.

investment must always be ready for unexpected increases or decreases, by being patient and not panicking quickly, everything can go well without experiencing losses.

Analysis is very important before determining whether we are going to invest, if we are sure it takes patience and not panic, because the decline and increase that occurs will always occur, it's just how we can manage to stay afloat so as not to lose because we believe that there will be an increase in the future. so if you are sure, then you will hold as long as possible until what we want happens.

If you are planning to invest at this rate then when the market reverses they will sell off at a loss and the main point they need to understand is that if they are willing to take risk then they need to be willing to hold for a much longer time if the market reverses rather than selling off at a loss and if that is the mindset then they can invest at any market rate.

Doing your research will help in terms of decision making, if you are into long term investment buying in whatever value is still good as long as you are capable of holding.

We've seen some corrections previoulsy and if you able to buy from the dip and still holding it your investment aready grow in terms of
fiat value.

Invest when you already sets all the plans, it's tough to rush when you see unexpected fall, you'll be temp to sell with losses.

I really hope it reaches $ 100k this year, but even so if the price of Bitcoin goes down, do not despair, you must be patient to wait to make a profit. To buy right now if it is a good option, of course there are risks , especially in the short term, and if there is a touch of luck then there will be a good pump and benefits will be obtained quickly.

All these scenarios are possible, but if we see it at the investment level and possibly as an infallible option as a safe haven, bitcoin is a smart investment.

Recently it's hard to see the price below $ 47k is the lowest possible point, even though when I look and bitcoin is back again to $ 50k and so on so if later we find a point where the price is below $ 50k then we need to buy it I think it's already good and if you invest for longer is much better because it's bitcoin with long term potential.

Maybe if it is expected that not more than a year at the end of the year from now can say a moment, and do it before the price is higher than now.

yes, $ 47k is still a great price to buy...
slowly but surely the price of Bitcoin continues to rise even though it is very volatile at the moment. looks like $ 100k or more by year's end is the real thing. you buy now and HODL until the end of this year you will definitely make a 100% profit.

Don't misunderstand me. Every market season is a good time to buy but not for every traders or investor cause some people have invested and make losses even when the market is doing generously.
Having said that, we are currently in another market trend just as I presume since the market experience correction from Thursday so I expect the same thing to happen next week.

I remember the guys who buy BTC when the price hit $20k for the first time, they had to wait almost 2 years to see profit because the price drops down to $10k. If you ask us if now is a good time to invest I would say you are late to the party. The wise move would be to wait for the crash down to $30k or $25k and then buy... The issue here is we don't know when this will happen. You could be waiting for years.

Price of bitcoin vary every day.Even many variation in 24 hours time period.With exact the price may reduce 1000-5000$ in a day itself.Holding at such situation is a essential one.Buying at the oscillation is like a risky one.Because it may pump or dump with the panic sellers action at the oscillation.

For me, this is the perfect price to invest.  This week is an unclear trend, with the frequency of sudden and faster movement of value.  It seems that the $ 49k destination is the edge between whales, institutional investors, profit-taking associations want to aim to dominate.  I looked very closely, hold volume is not yet filled with confidence.
Therefore, the price of 46-47k $ is a very good price to invest.  Because last week was a very strong volatility, it should take some time to calm your confidence.  when the hold trend returns, it is a stepping stone for bitcoin to sprout up new ATH.

BTC market is fluctuating from 2-3% most of the days so I would suggest that it is time to trade in BTC if you know how to do it. For long-term holding, you can always buy it at any price below 52k$ as lots of whales have bought at that price. So it will not be staying below that for too long. Also, it is not a good time to trade in alts as BTC will be fluctuating and lots of stop losses will get hit.

The current trend will be different than in 2017. Maybe after bitcoin reach $51k, it will make another correction and go down for some time, and then it will rise again and not stop until it hit $53k, and then sideways for a while, and have a downtrend for a few days, and then it rises again. The bitcoin movements are still unpredictable, and without preparation, we can not see a good chance to buy and sell bitcoin. We need to analyze deeper to find the time to trade.

No please hold on .now very risky for investment. anytime market will be dump and dump .now all currency pump and more pump . if you really invest in bitcoin please wait for dumping bitcoin price.when  bitcoin price under 30k.this time not good for investment .and share with you just my opinion.now as your wish.

At the moment I don't think bitcoin is following the 2017 bull run trend. Current trends are completely different as institutions and companies started investing in Bitcoin so there are chances that price might not touch $30k ever again. So, it is better to invest now and enjoy the profit at the end of this year.

When a strong downtrend occurs then of course the price can fall deeper but anyway, in the end the price is still able to recover. If you bought it at the time of posting, today you can make a profit but it depends, because when you pay attention to the price to invest, chances are you will only invest for the short or medium term. If you don't really care about the price when you buy, then I think it is an investment for the long term but yes it is still uncertain because the price movements that occur will at least make us change our minds when we will make a profit or even panic from the collapse of the market.

Yup, bitcoin already rise again, so maybe we need to wait for more to see the price will get another correction, which will be a good time to invest in bitcoin. He can try to invest in a small amount of money and see if the price goes up or down. If the price is down after this, he can continue investing in bitcoin, but if the price is up, he needs to wait for a while. Investing will depend on how you can accept the risk that the price can get down anytime. If you can accept, you can invest at any price.

That seems to be a perfect timing mate though the value drops low to 43k yet at least you are advancing the investing right?
Look at the price now , Bitcoin is closing to break 52,000 again meaning we are seeing another Pump ?
the increase in the last 24 hours is from 47k to 51.7k this means a 4k increase that fast.
I think we are climbing fast for the next 2-5 days from now.

Invest now? I think it is less relevant when the price is at ATH for us to make long-term investments. graphically bitcoin will follow like 2017 and there is a possibility that this year bitcoin will experience Bubble. remember the investment risk here is quite high. If you are interested maybe now that it is more relevant to trade than having to invest in high prices

More likely we are going to see the price increase this coming days, after all we are still very bullish right?

So for me, whatever people say, it's always good to buy bitcoin at any price level. Of course the lower it is the better for us, but if you think long term, regardless of the price bitcoin could be a good instrument to add into our portfolio because it has proven to be the best asset so far. Yes, its volatile but you can used it as your friend, buy at every dip and then continue to accumulate overtime.

Btc has built a strong momentum right now, and I've seen that many people already trusted its strong capability. This currency became a global asset which truly valuable as to compared with gold and silver. Though other people won't appreciate this in a physical appearance, but with it's discreet character and ability to become more sustainable as time gets older is so overwhelming nowadays, looking on it's price soaring at the top.

In my opinion, you are very good to ask before making a transaction.  Crypto prices are currently out of order whether it's FUD, Bull Trap or others.  But in my opinion, it would be nice if you buy BTC assets carefully and you have to know a minimum of forecasting techniques so you can know how to invest properly.  If I were you, I would try to buy BTC but with some of the money I have.  This price drop may also be mentioned because of panic selling, but it is also a good opportunity to invest

The market value of Bitcoin is now on the rise and will continue to rise for several days. If you want to invest, I think you should wait a few more days. You will actually get the opportunity to invest within the reach of the price. In that case you will be benefited more.

There could be a possibility that the price can drop even more or will just play the pump and dump on its current state. No one knows what can exactly happen but surely many are waiting for that moment that the price of Bitcoin will drop even more to grab the opportunity of entering the market at an affordable price and to be able to stay for a moment up until the price rise up once again which will give them an edge of gaining profit from buying at low price and selling low.  Just be observant on the price movement and the behavior of the market to better assess if you can get through right now or wait up a little bit more to grab better opportunities.

Yes, it is true. Don't forget to use the stop loss feature. Because we will not know the price of bitcoin in the future will continue to rise, but what is certain is that every currency price has increased, there are times when the price will also decrease over time in market demand. Do not continue to be driven by an increase in price, that is where the risk will arise, if you have been blinded by the price increase, you will forget all the risks that will come. The point is to be patient and don't be greedy, by investing your funds in Bitcoin currency I think is the right decision, but again, don't always be driven by an increase in price, given the decline in prices that will occur afterwards. The stop loss feature is very necessary, because it can reduce the impact of the risk of loss. Better to lose a little (about 5% or 10%), than to lose more or even all of it.

Actually, we have also predicted, the price of Bitcoin will go up to what price and what price will it go down. But we don't know for sure it will happen according to our predictions, because sometimes our predictions are wrong, and we too believe that the prediction will happen so we leave it without using a stop loss. So here is one form of carelessness. Market demand will not always be the same, that's why we must anticipate it to at least reduce the impact of future risks. Don't put all of your funds to invest, because if we experience a loss, we still have the opportunity to return on investment with the rest of your funds that are left over.

The price dipped further to $44k,but I can't recall when there's a bad to time to invest in bitcoin as long as the price is below $100k, I still think whatever price you buy right now it's will be considered as a an early adopter, remember there are only 21million bitcoin and there are about 7 billion people in the world at the moment, holding at least 1 bitcoin before all the bitcoin is totally mined would be totally cool, just buy some bitcoin already before it moons.

I believe people who are smart enough about what is going on will know what to do and when to do it, they are very wise about the situation and they will not let people to get away with these kind of drops that whales manipulate to happen so we are going to just let it be and we are going to handle it just like they do.

If the price falls that means it will go up, so if the price falls then I will invest and I will make a profit because there is no scenario where people can't invest into bitcoin and won't make money, as long as you put your money in it, you will make a profit, some people do it quicker and some people wait years but EVERYONE makes a profit. We do now (the old people at least) bait the drops anymore, some people may get scared and sell but they are newbies, I will never sell my bitcoins until I have enough to retire, because even if I buy at 60k, I will still profit eventually.

With my last analysis in the last post quoted above, it has gone to Support 1 around $43k. It has also touched the Bollinger band below and has rebounded. It has now touched the upper band of the BB and is looking to burst the previous resistance at $51k.

If you have traded the support you would have gained ~15% if you close the position now.

At the moment it is difficult to say, since now there is such a situation on the market when large players want to redeem BTC from weak hands by any means. Probably the price can go down still, but after that it will go up. If you want to buy BTC, you need to decide for how long you want to do it, in the short term and in the long term. Personally, I believe that this year BTC will be able to grow to $ 100,000 for BTC and more, but after that there will probably be a big drop in price.

It is a good time to buy. Maybe not for you but for others, it is.

$49,100 right now and that's why if somebody bought on that price, he did a good decision and no need to worry at all.

Can it drop more from that? Yes, OP. In fact, as of writing this, you could have missed the opportunity already as it dipped below 45k. I remember it was like 43k-ish before it rebounded back to 47k. Don't panic though, we're still getting a lot of price correction lately so you might get another chance. If you're really into investing it now, you could.
I would still advise to wait a bit, then if it somehow go more than 48.999k, then don't think twice already.

I think no calculation work here and what you are saying just a hype that did previous year but this year market is totally different. So i think as huge investment here came and all good news around this market so anyone can take a chance in this low rate as it was hit to 50k$+, now its fully depends on investors actually.

the price is now at $48,400 and has two resistances that must break in order to reach very high prices:

- the price should break $51000 if want to reach $58000

- if the price break the $58000 then we will see the moon

in my case I prefer to wait until the price is $48,500 and up so I can buy and then I'll see if can break the $51,000, if don't break the $51,000 then I'll sell and buy when it drop

Checking from CMC and yes if you bought that from that level, you are now gaining some increase.



It's really tough but depends from how you trust your own guts, there's no one who can provide accurate
price but with doing your research you'll be able to catch up.

Good Luck to your investment.

If you have bought the dip, you'll already in good profit at the current price which is $48k.
I think price will continue to rise as this is a bounce back of the minor correction that happened few days back.

Good luck and always make the right decision which is not be greedy when others are fearful and dump when people believe price will continue to pump.
In short, always make sure you are in a good timing to buy and to sell your bitcoins.

Yes, it can drop more although, at the same time, it's always possible that price can also increase more. What to do now?

For short-term trading, you can take advantage of the price swing, but not a suggestion you will just take it if you are new to this thing. For holding, then just buy regardless of the price.

Decide by yourself and test your risk management.

If you already have a budget for investment, the current price can be said good to start with, moreover, you say investment means that you will save your BTC for a long period, it can be more than 6 months.
If you are in doubt you can do it gradually to buy a portion this week / month and so on until the target amount you want to invest achieve

If you do that already, you can tell yourself that I was not wrong. Because you know what, we are already a few dollars high and probably it going higher and higher in the next couple of days.

I know many people had missed this chance and I know also that many had fallen their balls selling their Bitcoin because of panic and worries.

And every time I heard regrets of not being patient and weak hands, that is personally a big problem of their own. I don't think it needs help either because no matter many people will say hold, but the decisions still on us. And we don't need to be in regrets because that was what we think is good. And possibly it keeps happening again and again.

The current price is still above $47k and observing the 4h time frame we are still on a bullish candle. The market is unpredictable it might continues to $50k or it might drop to the price that we didn't expected. If you already bought some below $47k you are already in profit right now. Just monitor the current trend since we can't predicted at what price it will reach the following day. Just invest in what you can afford in this market cycle.

The market dumping to the $44K range doesn't make $44K price a good to buy either if the dip price momentum still exists in the market, doesn't mean investors can not seize the opportunity to invest now but it will require good portfolio management to specify the coin buy now and those that will require during another dip price if it occurs.
Having said that, the market has escaped the dip market but the dump trend repeats itself again from Thursday/Friday to Sunday then we see another market direction.

i think you need to wait for a big dip, 47k$ is still big and it is also high at risk because you need a big amount of money to invest a small amount of bitcoin. I believe that after the bull market it will have a big dip and that was a great time to invest, so i suggest to wait for the dip before buying for good.

It has dropped to $44k and that was a good time to buy.

The weekend's done and we're on another long day for the weekdays which shall trade and pumps might occur. Just as usual, after drops, you see recovery.

Nothing new.

It's your decision bro.
IMO, there is never a good time or a bad time.
We will never know what could happen next.
What if suddenly it pumps again to 50k+? Will you tell yourself you made a bad decision for not buying it now?
The same goes when the price is dump.

All I could say is the bitcoin price always goes up. It had been proved until now. But time will tell.

Very precise advice that you give, of course with a situation where bitcoin is not doing excessive short term is the right time to buy, it doesn't hurt to also be divided into several phases where bitcoin might go down again and buy it,  and do nothing when the price has risen again. clever way that could be done for something like that.

what is important is that bitcoin will continue to increase and now it looks like bitcoin is getting tired and feels suitable to be priced around at this time. This will also make it easier for altcoins that we shouldn't forget to be able to move up again and form renewable ATH before bitcoin starts moving again sharply.

Considering how high the rally was, it could definitely goes lower than that, maybe it can go down further to $40K but this time around the condition of cryptocurrency really different than in the past, IMO bitcoin better get stagnant in around $45K price mark before going through bullrun again. However, after any correction is the right time to buy if you can afford to hold for a long time.

Of course, this is a good time to buy, but I advise you not to rush, instead of buying at the current price, you can buy at multiple levels, meaning you can divide the capital that you want to buy with into several parts and buy from several regions, you can buy in the first part at the level of 47K$ And if Bitcoin comes back down, you can buy the second part, and so on.

With what happens to bitcoin a few days ago, I think $47k is not a good time to invest because the price can go down to $44k-$45k, so what you need to do is trying to buy bitcoin at those prices. If you can buy at that range price, I think you can sell it back at $46k-$47k and take profit from bitcoin. That moment will happen many times, so you don't have just to buy and hold, but you have the opportunity to buy and sell and hold for some amount and make a profit. But the price can drop below $44k as no one will know for sure about that.

No one can tell you if the price will still go down or possible retest at $50k level again bitcoin is highly manipulated crypto even TA experts failed many times predicting the movement of btc in a short term but in a long term Im still bullish and may continue upward in a few months we are all waiting for a good entry at dip but no one knows what will be the bottom. 

Knowing the risk behind any investment that you are taking is the best tool to have, proper understanding leads
you to the right direction.

It's tough but you need to analyze and not to rush thing out, deciding when to invest only comes up when you already
done working with your knowledge to the business that you are going to take.

Many institutional investors entered bitcoin this year at a similar price. Although the price of bitcoin is now down to 43,000, they don't panic about it. These are just whale games. They will end sooner or later. There are many potential reasons for Bitcoin's growth. The most important reason is the large monetary inflation generated by QE. Therefore, I still believe that Bitcoin will emerge from this temporary drawdown and rise above $ 50,000.

It seems that the correction of bitcoin has not yet come to an end and every day the price of BTC falls even lower. I think that those who want to invest in bitcoin will still have the opportunity to buy it at a lower price, in the region of 38-41 thousand dollars. But even in this case, I would keep some of my money free so that I can buy BTC if the price drops even further.

Soon hitting mark around 40k-42k if we see green dot at 4h mark it's a big buy. Best chance to buy it in some time. I think we will see a lot of green next week.

When the good news is out there's a pump price on bitcoin. Currently the price is above $40k so to invest in bitcoin   it is best to observed the movement of price first. It may go lower to the current price or it may bounce so set a target price to buy. It is also depends on your target price to buy as long you know the risks in crypto.

Maybe,
Now price is around $43.5. Price of btc is still dumping. Don't know when will pump. I think btc will pump again. Because, some big company starting invest on btc. It help btc to pump i think.

Technically yes and it is just for a while not for long term pariode. I mean, the movement still in the bullish market, take a look to the monthly candle, seem like the candle that will be formed is green candle which still indicated a bullish market.

But yeah, in the low time frame (start from weekly time frame) will give a sign to bearish market. The weekly candle will be formed as a red candle and closed the previous green candle. It means, the situation will be indicated a bearish market will comes.

So, if I were you I'll wait for a while and see what will happen in the next week. If there is a sign the bullish market will overcome the market then I'll start to buy again because I bet the bitcoin price movement will up higher then its all time high i.e $58.000.

It is not wrong to invest now but, think first about the risks as much as you can afford to lose.
It could be that Bitcoin dumps even deeper. Let's just say you enter today, you'll definitely get a certain percentage risk. In case the price reverses, then your profit is a bonus.

Now it's even lower than $47k, we are stable around 45-46k. If you gonna buy some, just buy a bit to prevent btc price fall more.
Don't listen to anyone advice (all kind of analysis are useless), because they are only speculating without know exactly what will happen in the future. If they can predict what will happen, they will become richest person.

Show me those you called experts person with his speculation here, you can gave the link on your post.

Do you have analysis yourself or only relying on those experts? You're very confidence with his statement that Bitcoin will drop to $30,000 it's possible but unlikely due to market still on correction.

When then the right time to buy then? You have a crystal ball to know the bottom of Bitcoin price in the next month, it will be interesting to know it.

I think the time is now if you want to take a risk, there are two options, if you buy now the bitcoin can go up in price and you win, or otherwise the market comes against you and you go into a loss, although if I buy and the price goes down, I would wait as long as it takes until profit is made. It's your decision. If you have an Investor vision, then you could wait, but if you are a market speculator you must be clear that you must go in the direction of the line of least resistance in the market for win.

If you had waited for a bit more where the price had decreased wayback to 45k and now the price is climbing to 47k (46.4 atm) then thats already an easy profit or money for you.

Not all are doing scalpings or short trades but with these movements you can actually benefit out of it.Dont know whats the reason behind that few percentage drop but this are typical or

ordinary days in Bitcoin market.So if you do like to utilize the volatility then you should play smart and have that good decision making skills.Investing will rather be focusing neither for short terms
or long term.Depending on you.

Yeah, there's no assurance yet that Bitcoin will be able to get back to $50k+ right now but I'm very bullish you know, so there's a high chance it will get back to $50k+ or even more by breaking a new ATH price. What we are today is just part of the price correction and it's time to accumulate as much as we want during the trade-off or panic selling.

It is expected to happen because Bitcoin is rising too much without having a correction the price won't move any further. So it basically needs this dip in order for a new investors to buy-in during the dip and expect it already that there's a fomo will follow after.

No, don't be hurry to buy Bitcoin now. You must hear and read the price prediction of Bitcoin in March from various experts first. I hear that the price of Bitcoin will drop even to $30,000 because next month seems the time for a big dump. If you want to buy the Bitcoin, just buy in the next month, but don't be hurry because you need to wait for the right time.

It is really up to the OP if he will risk his money today or tomorrow for bitcoin. There is no right or wrong time to invest in bitcoin. Though it is hard to decide whether to go into this  kind of investment, especially if that money is your savings, or just let the opportunity passes. Ask also yourself, is this for long term or short term? You can decide whether you will buy now or not, if you can answer first this question. Because with long term goals, I believe, it is ok to buy btc now while it is still in the 40+ level.

It's dropping more and by the time I've posted, price: $45,656.

Good time to buy? yes, if you look forward for $50k+ price. But if you're too concerned if it's time to buy, wait a little bit longer and while waiting, DYOR.

Newbie always ask questions like this, or should I say those who are not confident enough in this market.
Its hard to yes or no, if you do buy right now you have to be ready for whatever outcomes. I do buy some when it hit that price, and since I always play long I'm confident enough that bitcoin will continue to rise in the next 5 years. If you're a short term player, then improve yourself to analyze on your own and always set your buy and sell price.

From the little experience am having I believe bitcoin might still dump more but nobody know the next step bitcoin will take but I believe the dump might just be correction which the next bull run will be very massive. You can still wait for correction which you can buy your coins in percentage don't just buy at once and but I believe bitcoin will pump more and as a trader with the current situation of bitcoin I believe whenever you are trading always try to use stop lose don't try to trade without stop lose currently to avoid lose of fund is better to lose 10% of your fund than to lose 50% of your fund so whenever you are trading don't forget to use stop lose. So I think this is the right time to Buy bitcoin but don't just buy at onec incase if it dump more you can still buy more and if it pump you will be having little to sell In the future.

There's no assurance that Bitcoin can still go beyond $50k, so its hard to tell if its the right time to buy or now.
You have to understand the risk that you can take, and know what to do. You really have to make a good decision now, analyze the market and start buying even at a small amount of Bitcoin. The market is too volatile, I can't say that it wont go down anymore but since we have reached its all time high early this year, I think its time for some corrections now and this is just my own analysis based on the price history of Bitcoin.

It did drop a bit, did you buy?

I think the better question is, will it continue to rise in the future that buying around $47k is worth? Well, if you are looking for long term, I think it is still a good buy in this price. Remember that we are still very bullish on bitcoin, and majority of us thinks that it can break the 6 digit at the end of the year or early 2022.

Though the crypto market is unpredictable, that means we can not know exactly what is waiting for us. But according to bitcoin nature we can guess something around. But not exactly. In my personal opinion it can go more lower. But that not means it will not cross again the ATH. we just need little patience.

So my suggestions is you can invest right now but the chance of waiting to get profit could be increase. If you wait for another crash you may get a quick profit imo.

Since it is Sunday (here in my country) I think you can still buy bitcoin , with my RSI it is still on it's downward position for the next 4hrs so yes it is good to buy since the stock market is close as well, there is a saying I am not sure if it is true but when the American Stock market is close the price of crypto is dumping as well or it is stable and no big movement, study the market carefully and you will see if it is good to buy now or there will be more lower value after 4hrs.

I agree with the crwth, It can go lower in the next few days I guess. Try catching the dip at the biggest support lines so that if ever the support were broke you can stop loss under the support line and will cost less loss if the plan failed. If ever my speculation goes wrong, You can try to find a good entry.

Of course it good time to invest. Even if BTC goes more down it wont go too much if nothing big happens. Now it's possible we see a good run from BTC when it breaks the barriers around 50k.

It's never late to invest into bitcoin , but bitcoin might have downtrend if new monthly candle can't open above $48k price level and we might get a short correction if bitcoin can't able to stay above $45k support zone. So, it's better to invest part by part as market might have a short correction in the upcoming days. But bitcoin will be rebound soon as a bullish divergence is created and it just needs some time to be done. After that, bitcoin might get a bullish rally to aim for next ATH or back to previous positon, IMO.

If you have trust in Bitcoin, then don't hesitate to invest it. $47k is quite low, honestly. I know many people are waiting for a crash and we are now( this is just a short crash as it goes back high again).

But I don't want to have blame if I'm wrong. It was you who could decide, holders will suggest "buying" but weak hands will say "don't buy, dump to follow". But much better to observe first the market behavior, it does not need to rush because it sometimes becomes a trap. 

It can go around lower than $47K. The range I'm seeing is that it's going to be $51k to $43k



With the recent Resistance at $51378 being hit and not reaching into the higher resistance, it's most likely to go even deeper, and it could go to the support line at $43443. As long as the trend is still going down at this timeframe (1H), it could go even further. But in the larger time frame, it's still in the uptrend. So there's still no definite direction right now.

You can DCA your entry points with BTC and just accumulate more and more. Make sure you can afford what you invest in.

now it,s very difficult time for bitcoin .in this year bitcoin up very high.many company and richest person invest in bitcoin.for me now some risk into invest in bitcoin  . i  talk to you wait some day,s if bitcoin price down more then you can invest and hopefully you never lose .just buy and hold for your expectation price.

hi guys i want to invest in BTC , the BTC price now is 47k$ do you think the price can drop more than that ?