Are we really back in the bear market? I saw an influencer shared this, and if it is actually true, then it is a confirmation that $BTC may enter $90k+ soon and may liquidate a lot of people that are already in the LONG position. What do you have to say concerning this?
Why do you have to trust most of this influencers, most of them don’t even do proper analysis before posting on their page, they just want to post to get engagement so that the social media which they making use of is going to pay them and that’s all, they only care about themselves.
I don’t see anything bad in bitcoin price dropping to $90k, I think that’s just going to give people more opportunity to buy at a cheaper price, and if you already having bitcoin, you just have to hold, with time bitcoin price will bounce back. If bitcoin price hits $90k, that doesn’t mean we are already in bear market, we don’t just expect bitcoin price to be pumping alone, we are definitely going to experience decline in price, but it’s going to bounce back with time.
We shouldn’t just panic and sell because bitcoin price is dropping, if you are planning to hold for long term, then just keep on holding even if the price is dropping, if you are having any money which you won’t be using, then you can just use that to accumulate more bitcoin at cheaper price.