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?
thanks in advance.
I don't think the bitcoin price will drop below $18k anymore. Especially if you look at the recent crypto market sentiment, it seems that the price of bitcoin is more inclined to go up, it doesn't even rule out the possibility that the price of bitcoin will reach $ 40k. Therefore, if you really want to invest in bitcoin, pay attention to market sentiment, to convince yourself whether Bitcoin will experience another increase or decrease so that it will make it easier for you to make a decision to determine the right time to invest in bitcoin.