Should I buy now or wait a little longer? A blogger has analyzed that the price may drop to $60,000 this week.
Do your own research and if you think he analyzed the trend correctly, then have your own strategy to approach the market.
It's hard to tell if we will reach that level this week but it's possible considering the current momentum of Bitcoin.
If you can't decide yet don't rush, just wait for the right timing because the market is unpredictable and if you will just follow anyone's advise here, you might not be able to succeed on making good profit.
If you said that the market is unpredictable, then what is the best time to buy bitcoin? If we already know that bitcoin is unpredictable, why do we continue to wait and not buy now?
Furthermore, it seems OP and everyone else is forgetting that we have a DCA strategy and that it is the most effective solution in buying bitcoin. I didn't see anyone mention it, and why didn't the OP use dollar-cost averaging, instead of waiting?
OP, if you are worried after buying bitcoin and it continues to drop in price, you can use DCA instead of continuing to wait in uncertainty. If you don't buy right away, don't use the DCA strategy and are still determined to wait for bitcoin to drop to 60k$, you should think of the scenario: bitcoin will bounce back from here and you will have to buy at a higher price.