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.
So this is another best time to buy , dropping to 65k again and yeah slowly growing since last night and with the price closing to 67k again maybe we should consider that the correction is over now and anytime it will spike back to 70k and maybe to beat 75 thousand dollars finally .
I do agree that while we are getting closer to halving, it would make sense to make as much profit as possible, there is really nothing wrong with that. I get that it may look like there is something wrong with the situation we have right now, but if we keep this up then it is going to be quite good in the end.
I personally believe that the best way to go would be just making sure that we end up buying more and more, if we can do that then the result should be fine and we could make some profit from it as well. I believe we are going to end up with a greater return, and that means it is going to be something that we could benefit with time. This is of course only because we are looking at it in a decent manner and trust the price.