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.
This is what any reasonable person would do but as far as I am concerned, we may not really get below $7000 as it is one hell of a huge correction to have now.
We have been able to hit a new ATH from a breakout recently and in cases like that and looking at the trends, that usually leads to a new ATH or another level of break out. One thing I have realized though is that bitcoin is full of huge surprises.