Hi I have been toying with the idea of investing in BTC but have waited due to some investors saying the price will drop to 12 - 16k again. do you think it could still drop to this or are we more likely to move on up to 40k?
Waiting for a bearish signal at 12-16k I don't think it will be wise given the period where bitcoin has broken through the bear market and started the recovery phase since the beginning of this year. I don't think it's a confusion in how to choose your buy, the current price is still suitable for the plan to buy the dip and continue accumulating. The correction range is getting narrower and the opportunity to wait will be lost when the uptrend is deemed appropriate and consolidated by the market, 35k-45k is a big possibility. DYOR and good decision man.