Time for another round of profit taking if we hit 1200$.
very suitable profit taking, but in the future it will probably be much bigger, the resistance is also smaller for the current return of profits, the last one I know is above $1200, if you don't hurry it might get even stronger, because some others will also go up, if you don't hurry market resistance is back on the normal path, not the time now, because in the future it will be much higher, be patient?
long term is always good idea when it comes investing bitcoin, but unfortunately not all investors have enough courage to keep holding because of doubts and etc when it comes crypto investment.
So probably that OP is one of those investors that too good to be true when there's a good profits already. I mean sell high and buy low again in short term only.
Most investors expect profits in the near future, they don't want to take risks in the long term, even though in the long term bitcoin will get better and more valuable, so investors make more decisions to make short-term investments, even though sometimes long and short term are both will provide benefits, the only difference is how big and small the results we get