Should You Buy Bitcoin While It's Under $95,000?
After hitting an all-time high of $109,000 in January, Bitcoin (CRYPTO: BTC) has exhibited a downward trend. Perhaps the uncertainty characterizing the economic backdrop has led investors to avoid what they view as riskier assets. By April 9, Bitcoin was trading 25% below its peak.But the situation appears to be improving. As of the early afternoon on April 24, the world's most valuable cryptocurrency has jumped 23% in the past 15 days. The market is becoming more optimistic now. Should you buy Bitcoin while its price is under $95,000, when it's about 10% below its all-time high? A closer look at this unique asset will lead investors in the right direction.Continue reading
After hitting an all-time high of $109,000 in January, Bitcoin (CRYPTO: BTC) has exhibited a downward trend. Perhaps the uncertainty characterizing the economic backdrop has led investors to avoid what they view as riskier assets. By April 9, Bitcoin was trading 25% below its peak.
But the situation appears to be improving. As of the early afternoon on April 24, the world's most valuable cryptocurrency has jumped 23% in the past 15 days. The market is becoming more optimistic now.
Should you buy Bitcoin while its price is under $95,000, when it's about 10% below its all-time high? A closer look at this unique asset will lead investors in the right direction.
