Since PayPal announced its allowance of cryptocurrencies, BTC soared high towards $13k and I can see that the rally already began for BTC. Is it party time or shall we wait a bit longer? Rally has started, the question is - towards which side? If this news throws BTC down, then let's get ready for another leg down towards $8k and buy BTC cheap? Or shall I buy BTC right now? Is $13k cheap atm and can I go for a 10x leverage position at this price?
don't wait at $ 8000, you can regret it if you don't buy Bitcoin,
because now it's really bullish for Bitcoin, of course this is different from Pump in 2017,
2020-2021 is a healthy pump because mass adoption like paypal has entered Cryptocurrency, of course not only paypal,
many other big institutions have also entered the crypto currency world.
Yeah, I don't think we should wait for it to go down at $8k because it seems Bitcoin is slowly growing right now. So if you are planning to buy then you should do it now, I don't think it will become a bubble though.
In fact, if this continues we might see a new ATH before this year-end or might be in the 1st quarter of 2021. Perhaps, the allowing of Paypal to purchase crypto through their wallet gives folks of a convenient way to access and purchase Bitcoin, and that causes this surge. Just keep holding for now and take this hype as an opportunity.