I am planning to buy bitcoin when it reaches below $3000. The current price is not that stable and could break down of there will be a surprise big news that will impact the market negatively. If it sustain the price above $3500 for 3 to 4 weeks, that could be a go signal for me to buy before the bull run start. We may experiencing a pump this week but could be a false breakout or bull trap so we better observe before investing.
what underlies you to buy bitcoin under $ 3k? why are you so sure the price of bitcoin will drop below $ 3k? the price of bitcoin has been stable for a long time at a price of $ 3,500 and in my opinion it is unlikely that it will drop below $ 3k.
Actually Bitcoin has power and it all depends on our attitude, when we trust Bitcoin and the more we use Bitcoin it can make prices increase. For me we all have to keep trying to increase transactions using Bitcoin because it will have a positive impact. Cheap prices do provide an opportunity for us to be able to buy Bitcoin prices cheaply, but the increase in Bitcoin prices will be much better than anything.