Bitcoin's price drop isn't too drastic and likely won't exceed 25K, so you'll need to be a little patient waiting for the right time to buy it.
although currently the price of bitcoin tends to fall slowly but there is still a slight increase then it goes back down, so you have to buy bitcoin at the lowest price below 30k and hold it.
No, it is. But we already saw the bitcoin price drops to $29k, so we need to be careful to analyze because bitcoin price can go to any lower price. It will be a good time to buy bitcoin at the lowest price and hold it, but unfortunately, we can not always buy at that price because we do not know when the price will go to that lowest price.
$30k is already an acceptable price for the people waiting for it to go down. It might crash a little bit more but if it does maintain to $30k which what's being done for the past week, it's the support. They can wait if they want to and wish for it to get lower but that seems to be the stable price that it can show.
Buying on $30k will be acceptable, but if the price is down for more, $30k will be a high price for them to buy, and they can buy back bitcoin again if they want. Otherwise, they can only wait for a while and hope the price will bounce up more than $30k. But for me, it will be better if we can buy back bitcoin at any lowest price, so we will have a chance to make a profit when the price can increase back.
Its is playing between +-30k price and with some small movements of decrease and increasing price which you can eventually make out some scalping if you do like.
It doesnt need for you to rely into those fundamentals or sentiments when you are a trader that do engage with price actively but if you are some sort of trend or swing ones then
you would really need up these kind of things.
Buy more bitcoin? This is basing or very situational because not all would really be having the same target or goal in mind.
If that person has skills in trading, he can use this moment to buy low and sell high, giving him more profit. For people who are buying bitcoin at $29k yesterday, they make a nice profit nice. We need to learn more lessons in trading so that we can analyze better on the price. That will help us find the best time to trade, especially if we want to make a scalping trade. Buy more bitcoin will be recommended, especially if you have more free money that will be ready to buy bitcoin. But if you do not have more money, you can only wait until the price can increase. We will have different goals that we want to make it, and that will be up to you on how you will react based on the market move.