Hi guys, Today bitcoin reached 8K, but now is in road to 7K, its good time to buy?
i'll be waiting by yours answers, thanks
Whenever the price drops below $7500 now i would definitely try buy at least 10% of what you've got to buy bitcoin with. But i don't think that it's going to happen at least any time soon this year.
Usually when bitcoin drops happen it is because of altcoins rising in value, especially forks of bitcoin. Now that the BCH bubble has burst and the BTG bubble is also correcting, i doubt we'll see a rise from either any time soon.
Therefore, price of BTC shouldn't go down much.
Bitcoin price now has got stability to move forward. The same drives the user towards bitcoin buying at price drop points hoping for a large scale profiting, and at some time interval the price falling down is common. And this time the same won't take the price go low to $7000.