With the current bear run of bitcoin at the market cap of 520.50B, down from 527.83B yesterday and down from 570.09B one year ago, at the price of $25k do you think it is a good opportunity to Hodl or buy the Dip in the current market?
Are we in a bear market?
I don't think so considering the price bitcoin entered the year 2022 with is obvious that the current bitcoin price is in a recovery stage that the price must pass through and at that, we must be careful not to pronounce any market direction yet because when bitcoin rosed to $31k price we all speculated it backward correction which is what we are seeing now.
We may have the possibility of seeing Bitcoin more discounted price before the next Bitcoin halving, but then I think we must keep holding our current stars because we don't know how deep the current recovery will go, and at that, we need to have constantly balanced portfolio in case the market swing to the opposite with high proportion, bitcoin volatilities caught across many faces.