In recent time we have seen bitcoin constantly increasing in price and at the moment bitcoin price is $32,390 which is a record breaking. I believe before the middle of next week we are going to see the new all time high of $40k, what is your take on this?
Indeed bitcoin is getting high day by day and it doesn't need a long time for the price reach $40.000 but I guess there will be many people who will afraid to buy bitcoin at the current price. They will be afraid when they have bought because if the correction comes they will lose huge money. In weekly time frame if we see in candle stick pattern we have seen a correction come. That is why there will be many people who will wait the correction comes after they buy. Now, I prefer to choose trading in some altcoin, I don't know when the altcoin season come but the current price movement and with my capital is more suitable to trade/invest in altcoin.