As BTC is dropping now I feel this is a good opportunity to buy and sell for short-term there are lot of news coming across as miners are selling and this could be the reason for drop in the other hand institutions are investing money in BTC.
As biden is planning for a change in SEC I hope this could boost the market in upcoming days and the possibilities are more for a good movement in BTC, share your thoughts.
We see that Bitcoin price was hit 40k. The price is relatively low when you compared to 40k. Now Bitcoin price is 34k, This does not mean that the price of Bitcoin has dropped. Bitcoin prices are still very high. Bitcoin was hit 20k in 2017, then the price of Bitcoin dropped to 5k. From this we can say that the price of Bitcoin may go down further because the price of Bitcoin is still much higher. Although Bitcoin has potential, I would recommend buying Bitcoin. I think that It will cross 50k at the end of this year.