I observed that the cryptocurrency market is a kind of green at the moment, but as a beginner, I still find it difficult to tell when the market is actually bullish. I will appreciate any advice from fellow community members concerning this current situation because I'm considering to buy some coins but finding it difficult to decide on which coin to give a trail.
Just a kind advice, the risk is mine.
For at least two weeks, Bitcoin has seen a good climb. It will soon surpass 23k fully. It is still dancing between 22k and 23k as of right now. It remains unstable. You need to purchase right now. Actually, you don't have a choice because if you don't, you will lose. The benefit of bitcoin is that, even if the price falls, you will still be okay as long as you hold on to your coins. Additionally, you will undoubtedly profit in the long run.
This month is a good one since the beginning of the year and we have seen the bullish momentum Bitcoin exhibited few days agonwhich makes every other coins to take the bullish step. Some persons might see the bullish move as an opportunity to buy from the market which could be a good idea but we are still expecting the market to move more bullish to about $40k before the year of the year.
It is very certain that those that might have bought when Bitcoin was $16k would be in huge profits now. This is why is good for us to buy from the mark when the price of Bitcoin is going down. Those that keep buying and the real and potential buyers.