As soon as I woke up and looked at the market conditions I saw that bitcoin had dropped to $101k. I am not surprised about the drop, I think it is the result of tensions in countries that are in conflict or war. Lack of purchasing power and panic selling pressure is making things worse, but if anyone wants to buy the dip, this is it. But remember, leave a little for dca considering the market is really unpredictable right now.
Bitcoin has lost 3.5% of its price in the last 7 days, 4.0% and 14 days and 8.5% in a month. This is definitely something to consider as an accumulation opportunity without ignoring the risk of further decline. $100k seems to be a strong support after the recent decline, but let's see how strong $100k holds as a support.
It is normal for the Bitcoin market to fluctuate due to any small change in the global economy. No particular institution or individual can control Bitcoin. A nation works together to change its price.
But due to the ongoing war in the current world, the price of Bitcoin may decrease a little more. However, there is nothing to be afraid of in this price decrease. Bitcoin has a special feature of price fluctuations. A bear market will be very happy news for holders like us. Since the price of BTC has reached 99 thousand today, I think investors have got a special opportunity.
Today's market is very threatening for a day trader, but it does not mean anything for a long-term investor. Because we all know that Bitcoin will start showing its ATH as soon as the global economy stabilizes.
Real investors are never afraid. They know that Bitcoin will never let them down.
Therefore, I urge Bitcoin traders to invest for the long term.