the price of bitcoin drop sharply to it low within 24hours on 12th of on janaury , although the price recover to some few percentages , is the crash over now or more sell position will come in few days time . am thinking of buying at 34k , my question is it good to take a long position now ? what is your bias towards the market today .
No one knows. Just remember that every so-called bubble in the past - $1, $10, $30, $100, $1000, $2000, $10000, $20000 - has had pullbacks. However, everyone who bought (or mined) at any of those points has done tremendously. Will that be the case here? Yes, if all the uses for bitcoin continue. However, no one knows that for sure.
I never know what to tell people except that everyone who purchased at any time except a few days ago has done well in fiat terms. I have said the same at $10, $30, $100, $1000, $2000, $10000, $20000.