I don't think this is the best time to buy bitcoin for the long term. Though there was a recent bounce from support to 32к, I would rather wait for a correction. I agree with those who say that the price is still going to fall.But in the long term we might see 100k.
When exactly?
Do you wait for another correction? We're done already, might it fall again but I think it was not in huge corrections. If you had bought some during its last correction, you'll get in profit now.
But yeah, people have come to their own market speculations but we never know what exactly gonna happen next. That is why we take the option to buy during the dip and sell during bullish. If you have the guts to invest in Bitcoin, I suggest not to wait for another correction as that make you bored on waiting, we are rallying back, right?
Bitcoin has been below $40k for a long time, now Bitcoin is starting to stabilize above $40k. So I think in the near future the price of Bitcoin will not
correct too deep, maybe it will take a relatively long time if we expect the price of Bitcoin to fall back below the $35k price. So we should have the courage
to decide to invest in Bitcoin right now, because if my prediction is correct the price of Bitcoin should continue to rise to reach the price of $50k
in the near future. Indeed, what I predict is not necessarily true, there is a possibility that Bitcoin will move down again. Therefore, the final decision is
in the hands of each of us, so please just take the decision that we think is right. Because Bitcoin is difficult to predict, so every decision we take is
always a risk.