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.
How many people buy Bitcoin at the lowest level? Waiting for this causes many people to miss the opportunity. You can buy from this level and wait. You don't always invest in something from the bottom. Very few people can do this. Sometimes you have to enter the market where you feel and wait for your target. I don't think it's going to the lows that people are talking about. Even if it does, it will take a short time to reappear.
many people are waiting for Bitcoin to be below $20k again, even though according to technical analysis $20k is the strongest support again this year,
and even a very small possibility to go under $20k again, and the bullish potential is also getting closer, no need to wait for another bottom because the level is $24k to $28k is the bottom,
do the accumulation and don't sell it, if you sell it I'm sure you will regret it later.