Bitcoin is back near the $80K area again. Last time it struggled here, so this level still looks important.
Price held up quite well after the recent dip, which is a good sign. But at the same time, it hasn’t really broken this level yet, so I wouldn’t say it’s clear direction.
Personally I think we either get a clean break and move higher, or another rejection and some sideways movement again.
Not chasing here, just watching how price reacts !
What are you guys doing at this level? Buying, waiting, or already took profit?
I am investing in Bitcoin for the long term, so I am only trying to invest at the present time. I am deprived of withdrawing profits from my investment, because if I invest in Bitcoin for the long term, I will have to wait for a few years in the future. So at present, the price of Bitcoin has touched 77k dollars, and again the possibility of the price of Bitcoin touching 80k dollars is very high.
So the price of Bitcoin will definitely touch 85k dollars by the end of this May. So the present time is the right time to invest in Bitcoin, this time is absolutely right to invest and wait for the future.