Bitcoin market prices have witnessed a lot of resistance and several attempts to make a head up the price of $25k after several weeks of a downtrend, there have been a lot of speculations surrounding the present market situation. But with the right thought and analysis, I am sure if Bitcoin could break the present resistance price moving upward would be that hard anymore.
maybe because we are near recession ? in which the effect will get even longer and bad? I'm not sure for what to come but if you are not ready to face such problem then best to leave the market or be ready for Hodling.
25k isn't even possible in our time now, look at the market, check the movement and you will understand what we are facing here now.
Not near but I heard we are already at it but it's great to see that btc price is recovering a little despite it. We don't know if how long the recession can last. It can be longer or shorter but true bitcoiners won't be affected by that. Many of us are not new here and this was not the first crisis that we experienced which had affected the price, so are we going to be affected with it this time? No. Not those who sell are losing but there are traders who bought after every small dip so it's possible for them to earn even during these times.
Well the market has been hit by the pandemic 2 years ago and we really dip in the $3k'ish and everyone was scared, but it was just 2 months before the block halving so the scare didn't last that long. And for sure we have learn our lessons that time. It will just take time for the market to bounce back despite what going on with the recession and war between Russia and Ukraine.
If we aren't among them and then we need some funds for emergency then it's also not wrong to sell some. I don't really recommend borrowing money but it can be a good option for some.
I'm also against borrowing money to invest, the risk is going to double on you if you do that strategy. You can just start investing small and you will be good in the long run.