Given the period we're in is it buy time or sell time?
Well, that just shows that the market is unpredictable.
You can't time the market because it's very unpredictable. You might see it's price going up for a few hours then suddenly, it will go down. Just look at Bitcoin's price a few days ago when the Coinbase anomaly happened. It went down from I think around $68,000 to nearly $59,000 in just a span of a few minutes.
We can assume that the best time to buy bitcoin is when it starts to dip after the bitcoin halving, usually after 3 months is the right time for bitcoin to dip. Bitcoin halvings occur every four years, where the rewards for Bitcoin miners are cut in half.
So, if we take a closer look at the matter, we can see that Bitcoin halving events in the past have been able to establish a long-term bullish driver for the price of Bitcoin. Bitcoin halving events are associated with inflationary trends that help the BTC price rise even further and we have seen 2023 as a tangible proof of that. So I think now is the best time to buy Bitcoin.
We have certainly noticed that the Bitcoin market is unpredictable, the reason can be said to be its volatility at the beginning of the year which is the up-and-down Bitcoin market system in a few months. Most Bitcoin investors attribute these fluctuations to the prevailing global macroeconomic and economic conditions.
Based on the various overall circumstances in particular consideration, I think now is the right time to buy Bitcoin as it is not long before BTC reaches $100K.