Hi guys,
Looking to purchase some btc in the coming year and looking for the best time.
Sold all alts a few weeks back and will switch back into btc when the price is right.
Ideal would be around 12k, within a year from now. Do you think its possible or am i setting the bar too low to fast?
Is this just a half time dip in the cycle and we'll see another ath this year?
I'm bearish by nature and I have patience so I'm not rushing to buy right now, but I'm interested in what your views are.
Thanks
Hello
What I have seen is during this time of the year the price usually decrease which reaches its lowest around September. Then the price continues to spike up till February-January of the next year. BUT if we look into the past we will see that it took btc a few years to reach the all time high which was drastically high. Due to more acceptance in market I do no think that it would go this low.
What I do think is the maximum it would go might be 25-30k, that's it. Less than that is impossible since most of the people are not going to sell before 60k, so they will hold for a long time or maybe few days, who knows ? We are in a pandemic, we cannot predict anything.