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Author Topic: Is this the right time to reinvest into Bitcoin?  (Read 565 times)
Quidat
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January 14, 2021, 07:59:57 PM
 #61

Bitcoin is experiencing a export below $ 40k, of course that's a natural thing,
because this year's increase is different from 2018, this is good for the market, and bubbles won't occur,
there is important support at Bitcoin price, as long as it doesn't drop any deeper below $ 35k, I sure bitcoin is still bullish
Bitcoin fell below $ 35k today. I think this is a necessary correction, bitcoin can't increase continuously because this situation is very likely to lead to a bubble. Today's price is suitable for buying more, it will rise again after the lull.
And now bitcoin has corrected in the opposite direction and it is once again close to the 40k level, so it seems the 40k level is where things are going to be settled between the bears and the bulls, the bulls are still strong and are trying to break that level for good and go for even more important levels like 50k, but the bears are finally finding a good spot to give battle since neither the 20k level or the 30k level were enough to slowdown bitcoin at all.
When to know about bearish run? We cant know such thing until we do experience it on spot.For now we arent seeing too much of those signs that indicating some bear market.
40k indeed is somewhat a strong resistance to break because this will decide if we would push up through 50k or 60k for this year but well its just too early to tell.
Reinvesting when the price had corrected and then sell off when it reach some point which would really be good thing for you to take advantage out of these movements.
Right time might be indicating neither you do go for long term or short term aspects and as well you do accept out the risk.

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