The Bitcoin price is currently moving around 91 KUS dollars, and it was there at 125K US dollars for some time, so from there, at the current price, there is a dip of 25% overall, which is quite an interesting correction on the Bitcoin prices. Correction is a normal thing in the market, and we need to understand that because it is needed for the market to grow, and it is also important because we just can't expect the market to go up and up only and with these types of Corrections, new money flows in where new people also take the entry.
Is it not the first time we have seen this kind of correction happening on Bitcoin? So if you are a player for the long term, there is nothing to be worried about because Bitcoin demand is still growing, and a lot of institutions and investors are investing in Bitcoin.
Continuous buying is happening for the ETF, so you can imagine how things are going with Bitcoin overall. Bitcoin is a kind of asset class which is highly volatile and this is why it is always recommended to enter this market with long term mindset So that if things do not go well as expected at least we have the option to hold and wait for the right time and in the current time if you are here for the long term you can continue to invest through DCA to accumulate as much as Bitcoin possible.
In my opinion it is a good time to invest on the Bitcoin for a long-term strategy but again it is not a financial advice that I'm sharing and it is just something I believe personally so I shared my thought here however if you are considering Bitcoin for the investment I highly recommend you to go through your own research and study and invest only when you are fine with it.
