Do you think it's a good time to buy or sell?
Dont really care about its current position! I am in Bitcoin for the long term, I buy, earn and sell
Bitcoin daily. Its long term outlook is that is is on the rise. This is evident when you "Zoom Out"
If you zoom in and watch its daily/weekly travels it looks "highly volatile".
Highly volatile is great for daily/weekly traders, it offers decent opportunities for turning a profit.
If you listen to the media highly volatile suggests something to be avoided.
If you are looking for a quick profit in Bitcoin nobody can answer your question on its "Current Position"
with certainty.