Ofcourse everybody gets a little anxious with this correction. But let's be honest, we needed a correction in this bullish market in the past two weeks.
Why is it time to buy?
- The weak hands are out and many 'stop-limit' orders have been triggered.
- The earlier corrections also were about 30 to 50% without any big news. Perhaps you remember the 5k was reached and it dropped back to 3k? And last month almost 8k was reached and it pulled back to around 5k?
- I'm pretty sure that the 10k barrier wouldn't be broken.
So if you can get your hands on some btc between 10-11k, I suggest you do it.
Great observation, bitcoin price went down to $11k that was the lowest dip about week ago, and many people were even saying bitcoin price will go back to $8k or $5k because of that many people failed to buy at $11k and now the bitcoin started getting out of the correction. Bitcoin already reached $15k since yesterday, now it is on the way to $20k again.