Volatility in other Markets is one of the main drivers. Our most recent bitcoin forcast indicates that BTC value will increase by 0.91% and reach $76,812.29 this February.
So under this circumstances, right now, should I invest, reallocate my holdings or sell, because is also smart to consult with a trusted financial advisor, So what's your take on this.
Avoid making important decisions based on other people's predictions, especially when it comes to investing. If someone says that Bitcoin will be worth $100k next month, there is no guarantee that their advice will be correct because no one can accurately predict the price. Some investors act on the analysts' predictions and investment with all their funds in the hope of making a high profit. This kind of mentality is clearly equivalent to gambling because the expectation of getting rich in a short time is present in gamblers.
A financial advisor can advise you to make good decisions, but he cannot accurately predict the price. You can take their advice as a conscious investor, but avoid investing all your available funds. It is wise to avoid trading in the hope of making high profits in the short term.