Bitcoin price is constantly being discussed and researched. Recently we have seen some light in a bearish market. While the global situation is quite bad, the effects of the economic recession have not yet subsided. At that time the bullish trend of Bitcoin naturally indicated its positive side. Bitcoin fell to $16,600 just as it was expected to be more bearish, but it has once again turn to bullish and surged 40 percent. The macro backdrop also played a supportive role as the Federal Reserve cut its interest rate hikes this month. Currently, if an investor wants to hold Bitcoin for a short period of time, he will get the profit. But there is no need to take that kind of risks. Now if one plans to hold BTC for long term then he can reach his goal before the expected time.
It becomes speculation because bitcoin will be an interesting discussion when they want to know the movement but we will not see how accurate it is, about the bear market it is very natural because several factors cause the price of bitcoin to fall, for example with some FUD spread by some people, including several agencies, went bankrupt, so this triggered panic for those who were not strong.
I think an investor will not hold for a short time because the principle of an investor is a strong hand to hold bitcoin as long as possible, on the other hand the current price is still not high enough even though buying around $ 16,000 it is still too early to sell bitcoin assets, still be an investor as much as possible with the next 10 years he will definitely get everything.
Newbies and plebs like us are worried more about price movement, than what they're buying they're money for. I too was once a newbie who believed that I could out-trade the price movements through a more active trading approach. It just made me emotionally stressed, and gave me temporary mental insanity. Currently not a newbie anymore, merely a pleb. What plebs like us should truly undertand is that, Bitcoin is a Schelling Point.