Is it now safe to buy Bitcoin even if it crashed?
This crash is normal. Although it has been named as the best performing asset, Bitcoin is also known for its volatility. More and more money has been poured into the crypto market and Bitcoin. This is why volatility is even crazier than ever.
Is this a market correction or just a huge dump?
The mixture of panic and excitement can be felt everywhere. This is an opportunity for experienced investors who are not afraid of the crash and those who have survived the previous Bitcoin crash in history.
Is now a good time to buy Bitcoin?
BTC experiences a remarkable state of steady growth. But the usual 20% and 30% drops that everybody is witnessing. Because of this, the buyers bought up the asset quickly making the price rise rapidly to be controlled. Those who are not affected by the correction hope that BTC will continue going upside, but with a more slow and steady pace.
Why stay bullish?
There are a lot of key levels of support and resistance around the $30,000 range that Bitcoin needs to break or sustain. When this happens, it indicates that it is the start of the bear market of just the prolonged bull market. The market could be very choppy in the near future.
Now it seems that Bitcoin won’t hit a target of $300,000 soon. But there is still good news to come this year. Polkadot and Kusama are on their way, also, Ethereum’s EIP 1559 and Smart Contracts announced for Cardano. If ever Bitcoin could keep its lead, it could just carry the Bullrun to 2022.
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