The market situation is not the best and no one knows what to expect, there is a fear of investors in the market. Since the recent drop, bitcoin has lost 40% of its ATH, the fear index has reached 10, and even the altcoins that performed better in the correction, such as NEAR, ATOM, have also lost a little in value. We hit the baseline BTC support of $ 40,000, which we got off to a good start last time, and went to the new ATH. Bitcoin dominance at the bottom. And today we saw a rebound and a small rise in BTC and the market as a whole. Perhaps this is the beginning of a new rally? Is it time to enter the market? I think yes, since we are not that far from a possible second bottom, and even if the lease continues, in any case, we need an upward correction.
If you want to buy some bitcoin then without a doubt this is the moment to do t, the price is nowhere near its ATH, the price is relatively stable and the dominance at the moment is kind of low.
So everything points out to a good entry point for the newbies that are interested in bitcoin but afraid to buy it for a price that is too high, however we need to be honest, we do not know if this is the true bottom of this correction, which means you need to be ready to keep holding your coins in the case the price goes down once again.