Post
Topic
Board Speculation
Re: Buy bitcoin now?
by
EarnOnVictor
on 18/03/2024, 11:06:28 UTC
Do you think it is convenient to buy bitcoin now according to your predictions? Or wait for its value to drop further?
Yes ... It's time to buy Bitcoin because price ATH already broken and now pumping up and down. Maybe price going into the correction. Once again bull run ready.
Lol, I would like you to follow the cautious advice of @Balto77, the advice is not hurting but a means to be careful about the next line of action about Bitcoin. Sincerely, I am not a fan of buying Bitcoin at the current level, and "to whom much is given, much could be demanded" as well, we have to be smart at these current levels. For the buying for investment purposes of HODLing, heck no, I can't buy Bitcoin anymore until after the next bearish season. The size is too big, so one can make a huge mistake buying it at current levels. However, if it is for futures trading, you can do whatever your trading chart tells you, it's business galore in that sense.

Besides, breaking the ATH doesn't exonerate Bitcoin from risks of corrections or reversal at a large scale, and you can see what it has done lately. It is even below the former ATH now and has formed a bearish price action on the daily chart. This can only mean a bearish threat unless otherwise stated. So, much care is needed at this point.