over the weekend bitcoin recovered back to $34K after going below $30k and early this money the market jumped to above $38k breaking the $35k market bench mark, a move that many will see as a bull market movement. am very optimistic that in the coming days of the week bitcoin market is going to make a significant upward movement that will make it price recover back to it all time price of $64k and there after recording a new all time high.
what are your takes on the current bitcoin market movement.
After successfully rising to $65K in a span of 1 month, bitcoin is now down again. Even for now, BTC is still hovering around the $56k price level. This price decline is quite significant and certainly becomes the attention of all investors. However, I think, now is the time to buy BTC and then HODL. because the market is currently still in a constantly changing price trend. There are still many possibilities for going up, but on the one hand it could also go down again.
I think bitcoin's recent movement is more likely to move downwards, therefore I don't recommend buying at this time because market conditions still tend to move downwards. other than that the current bitcoin price is not too far below ATH, so the risk of a price decline is much greater.