Bitcoin is an asset, so it’s obvious that sometimes it’s price will rise up and some times it will fall. Everything depends on the traders, and the demand they have for the Bitcoins. If the demand is high, then due to the limited supply of Bitcoins, the price will automatically go up, and the reverse happens when the demand is low. You can easily see this by focusing on a particular exchange’s transactions. If there are more buy orders then sell orders for the coin, then it proves that the demand is currently high. Moreover currently Bitcoins price have increased significantly, if we compare to last week. So tighten your seat belt, as Bitcoins can launch anytime to the sky.
I understand, prices are always affected by supply and demand. Currently this positive trend is expected to persist throughout the year as we had the previous year in a negative trend. Bearish has passed, but price correction is always possible.
We must not only think about the potential gains while ignoring the potential losses. About long-term investment, I hope we are really ready to get more budget if one day the price drops to low level. This means that the buy on dip strategy is my focus if the price drops deeply.