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 .
At the time of Bitcoin's $34,000 which you have said. but it is $37,300 now, we can see the difference. So each person's views on investment are hard to guess and too mysterious.
For some it is difficult to buy at highs, since they have the experience of 2018 when it reached almost $ 2k in $ 20k, but at the moment it is not the same as the situation in 2018, based on the fact that there is a large increase despite the fundamental Covid -19, this means that if the world stabilizes, managing to beat the fundamental, the price that Bitcoin would take will be very stratospheric, so if it is bought right now, what you should do is wait as long as necessary until it rises again .