Well, nothing has changed yet and the first day of the month is almost gone and the price is still trading at $105k. Maybe the market might retrace back but how sure are you?
I was thinking BTC will not go below $100k anytime soon because how it has stretched back last month, and even if it will trace back, I don’t expect it to go below $100k even though we have seen it come below $105k last week.
Will this time be convenient for short-time traders to make big profit? Or it’s only for investors to buy and hold BTC?
Ups and downs are part of Bitcoin and we can't always see price of Bitcoin going up only. Last week price of Bitcoin went up to 110k and closing price of last week was above 104k. It's normal that Bitcoin takes correction after every bull run. There might be sell off from investors who are looking for price of 110k but in the long run Bitcoin price is deemed to go up. The price is going down and 100k will retested and if price didn't went below 100k then there is huge chance that price of Bitcoin may once again go above 100k. It's better to hodl your bitcoin and don't sell them to investors on discounted rate.