Post
Topic
Board Speculation
Re: Bitcoin is getting more bearish, what is the trigger?
by
TravelMug
on 15/12/2021, 01:46:15 UTC
At this time it is suitable to buy bitcoin, considering there is a correction that occurs in a few days, but in conditions like this we can take advantage of short-term investment patterns
I am not sure if it is a good time to buy Bitcoin since there is a rumor that Bitcoin possibly drops to $42k. In my personal opinion, if we want to buy Bitcoin, wait till the Bitcoin drop below $45k. Considering the current price is around $48k, better to keep waiting and learn how the possible market trend in the future. Honestly, I stop buying now, I assume it is too risky buying Bitcoin with the current market condition.


Well if that is the case then bitcoin will be very cheap again.

However, I doubt that it will drop to $42k, the support along the $45k is strong, unless there is really a news that will test the market again to the near $40k'ish level. It's going to be scary, but hey if you are here for the long term then it's a great advantage to see the price very cheap and at a discount.

On the contrary, this is December and history a good month for us to rally and see the price going up.