Bitcoin ($BTC): Is This the Right Time to Buy?
Bitcoin is currently hovering around $62,000, showing about a 5% gain over the past 7 days. The market seems to be in a consolidation phase — typically a period before a significant move.
Technical Snapshot:
Support: $60,000
Resistance: $64,500
RSI: 52 (Neutral)
Volume: Slightly decreasing
Trend: Sideways
My Strategy: Dollar-Cost Averaging (DCA)
I'm buying a small fixed amount of $BTC weekly. This helps manage risk and smooth out entry points.
Why I’m Bullish Long-Term
Institutional interest is rising
Recent halving effects are still playing out
Strong fundamentals and adoption trend
Reminder:
This is not financial advice. Always DYOR (Do Your Own Research) and invest responsibly.
What do you think?
Are you buying $BTC now or waiting for a dip?
Let’s discuss in the comments!
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