First of all, Bitcoin does not recover its bullish momentum because of the positive news on some media outlets and social media but Bitcoin making the last Bullish of the year just like we have seen in the previous Bitcoin halving market. However, the best thing everyone should do now is to make good use of this moment cause good doesn't always last long.
Besides, we don't turn to bearish yet, and so there is no such thing as recovery. It is a sort of price fluctuation, the market moves in sideways and we often see this from time to time. Those who never understand the market will likely think negatively as we observe but those who have trust, still remain optimistic and hold.
That for sure this won't stay long and have this opportunity not to miss again and regrets later. if we wanted to buy more or to sell some, better to do it now before the prices changed.
The price of Bitcoin is volatile, so it's not surprising that the price will move up and down significantly. Therefore I highly recommend taking profit if
there is an opportunity, because we will regret it if we miss the opportunity to make a profit. For now I will take profit if I have made a profit and
will buy again when the price drops. I did this over and over, to collect profit. Although some of the Bitcoins I own I choose to hold in the long term,
I combine short term and long term Bitcoin investments. Because indeed if we understand how Bitcoin works, we will find it easier to make profit
from Bitcoin whatever the situation.
@Wawa2013 I can't recommend taking profit now for others but only advise them because every investor/holder have their own plan just how you plan to hold some of your BTC for long term and the last time it not yet the time for the bullish trend to end. However, people need to do their own research and also make their own decisions cause the market can be unpredictable sometime.
If we see Bitcoin's price surprisingly finally managed to rise above $60k right now, this is indeed a sign that the bullish trend is still not over.
There is a possibility that the bullish trend will run until the end of this year as many people predict, if that happens I will be happy. Even though
I sold some of the Bitcoins I had when Bitcoin hit $59k, I still have Bitcoins that I still hold. So I can still feel the profit if the price of Bitcoin
continues to rise, but according to my prediction in the near future there is a possibility Bitcoin will correct first to be able to go higher.
So if there is a correction, I will take advantage of it by buying more Bitcoin.
In the end it is true that everyone should make their own decisions in the current situation, do their own research and analysis to make sure
the decision will be taken. My previous advice to take profit if there is an opportunity is only as advice, there is no coercion of people to follow
what I suggest.