Quote from: Freeveto on January 15, 2023, 10:15:43 AM

Quote from: CryptoBuds on January 15, 2023, 09:48:15 AM

Bitcoin rallied because CPI fell as expected, I don't know if accumulators like you are happy or sad to see bitcoin rise in price. But for me, my feelings are not very happy. Because if bitcoin goes up too fast, I won't be able to accumulate bitcoin cheaply, accumulating my bitcoin will be very difficult if bitcoin doesn't drop back. But since we've been in a bear market for so long, it's time to warm things up. I can still buy bitcoin at this price, which is still pretty cheap compared to ATH, but I prefer to buy at a lower price.

The positive CPI data report that came out is obviously the major thing that catapults the price way up to $21000 because the market has been choppy for a while and we haven't had such price movement since after the FTX collapse but only after CPI data.

I'm happy that we have BTC started to see some recovery from the long time down trend, but would have preferred to see BTC start with a gradual movement towards the upper side than this fast movement that happened yesterday, reason is what goes up fast also comes down fast.

Going up fast is not necessarily going down fast, bitcoin does not work according to such a fixed formula, it is also possible that bitcoin will continue to rise or will fall from here, bitcoin is still unpredictable. Bitcoin crossed $21k and I think it could hit $25k before correcting. I still would instead bitcoin fall than start a bull season this year. Let's wait and see how bitcoin will be in the coming days, investing in bitcoin is really exciting when no one can predict it.