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.
If you think that the current time is the right time to buy and invest in Bitcoin then you can invest. It is almost always worth buying and investing in Bitcoin. However, the best way to invest in Bitcoin is to invest using the DCA method. Investing using the DCA method will make your investments much more successful. For example, in which direction the market will move from the current position, but no experienced people like us can tell and understand well. We have finished bitcoin halving almost a few months after halving it takes roughly a year for bull run to start so we are close to bull market so if you have not invested then invest hopefully you will get good success by 2025.