Bitcoin has finally reached its ATH once again, what next should be the question we should be asking ourselves? Is it a great direction to $150k or just another way to create FOMO and made some future guys get wipe out?
In all these high emotions, make sure you do a good research and keep checking news before jumping on a trade. DYOR will always be great!!
Yes, bitcoin reached all time high again and reached over 118,000$ but that does not mean that it will go to 150K$ directly from here. It also does not mean that this pump is fake or a bull trap and bitcoin will dump significantly. Bitcoin does not move in a straight line, the momentum is good so we may see bitcoin making higher highs but also will make higher lows.
If someone is on the sidelines and hasn't entered in the market, he can take entry on every dips. Also since we are in the bull season, the dips are for the buying. However, while making buying decision, it is important to see at which stage we are in this bull cycle.
Bitcoin is volatile, so it can generally go to any level at any time, so dumps should never be seen as a big problem, but rather as an opportunity to buy more when there are small corrections in the market naturally. The market never moves in a straight line, there will be volatility, so you should always invest consistently, this is a very important thing, when a portfolio is built at an average price, your success rate will definitely be the highest.