Quote from: ShowOff on Today at 08:29:14 PM

Quote from: Davian144 on Today at 07:20:32 PM

Quote from: martinex on February 05, 2024, 06:40:36 AM

Everything has a process and stages, for those who like to join and buy in an ETF, that's okay, meaning what they buy is not another coin, just for BTC. Yes. Market expectations and response Maybe the market looked less pleasant in the past few days because corrections occur almost every time, even though they are small, however, in my opinion, the market is still in the safe category because it is not subject to strong corrections.

Now market conditions for Bitcoin have also changed again with the price increasing past $45K again. So Bitcoin buyers at the price of $42K in the past few days have started to be happy again with this increase because gradually the increase in Bitcoin prices has started to improve again over time. And it is also possible that it could approach $50K if there are no disturbances such as price corrections as has occurred in the previous few days in Bitcoin.

It is too easy for prices to rise a few percent and then fall due to high selling pressure. I don't really expect that to happen, but that's how the market works when most ETF investors dump their holdings. There is no other way for asset management companies like Grayscale Investments but to dump bitcoin to pay customers, and a price correction is inevitable as a result.

Today it seems that selling pressure is lower than demand. The price of bitcoin has broken through the $45k resistance which in previous days was in doubt, but in reality today bitcoin has crossed $45,500. Of course, any investor who bought in the $40k to under $45k range has seen a return, which is good news. The question now is; can bitcoin maintain its price above $45k until the weekend?

how you attack this market depends on your financial capability and what term are you looking at. because how you manage your finances will depend whether you are looking at short-term or long-term scenarios.