Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.
So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.
Have a nice day and take care.
Nothing can be said right now with the current state of the Bitcoin market. Here as you have assured that the market may go down further but I can't say for sure at the moment whether the market will go down. But I would say those who have money to invest can invest. Because the market may not go down after that, if it goes up from here, your investment may be disrupted. So if a person wants to make a long term investment then I can tell him to buy bitcoins and invest from here. Because the market is still suitable for investment.