Re: What do you think of the current bitcoin price recovery?
Bitcoin's price movement day also tends to be slow even though it is quite close to the $60K level, but I also agree more with what you said that with the current market conditions, it is better for traders to focus on buying and not selling it. Because Bitcoin investors also do this by continuing to accumulate through the DCA strategy so it would not be bad if traders also want to follow such steps while waiting for market conditions to improve. And apart from all that, I also don't understand why the Bitcoin price is starting to move slowly and looks a little difficult to increase at this time.
market is so uncertain that people hesitate to buy is the answer, since bitcoin already has hisory of touching local bottom, it can reach that again so people are afraid, if the direction that market is taking isn't that clear at all certainly the buying demand will be lower.
that one time where the price just falls below $50k is the culprit that makes people afraid.