I've been watching with interest as Bitcoin has pulled back over the past week after hitting new highs. Part of me wants to accumulate more while the price is down, but I also wonder if we may see it drop further in the short term.
Well there are good arguments on both sides. On one hand, the long-term outlook for Bitcoin remains very bullish as adoption increases. Even major institutions continue entering space, and trends like halvings may lead to new all-time highs over the coming years. But on other hand, factors like the upcoming Fed meeting could continue to bring volatility in the short-term.
I also think this price drop may present a good buying opportunity for someone looking to DCAing and I'm also looking to buy more BTC especially since BTC's price is low and there's zero fees on Bitget. Of course, as with any investment, only put in what you can afford to lose.
So, even if it dips further short-term, history tells us Bitcoin tends to go up in the long run.
BTC will definitely go up cos bull run is already looming and if you missed 16k, 32k and 42k you can start taking advantage of the current dip cos it could be our last opportunity before the bull run. Exploring some of the ongoing zero trading fee event for good DCA plan could be a smart play. I don't have much tether but if I see BTC at 60k or 58k and Bitget has theirs still in play, I will start mine.