The best time to buy cryptocurrencies in December depends on several factors, including market movement, economic news, and price analysis. In general, there are some tips that can help you choose the right timing:
1. Periods of decline and correction:
The ideal time to buy is when the market is in a price correction after a wave of increases, where prices are relatively low compared to the last peak.
Following major cryptocurrencies such as Bitcoin and Ethereum can give an indication of the overall market direction.
2. Days in the middle of the month:
Sometimes, the middle of the month is observed to be a period of relative calm in the market, where trading volume is lower compared to the beginning or end of the month, which may provide an opportunity to buy at low prices.
3. Avoid periods of negative news:
If there are expectations of regulatory decisions or important economic reports (such as inflation data or interest rates), it is best to avoid buying immediately before the announcement. If the market declines due to negative news, the time to buy may be right after the decline ends.
4. Long-term strategies:
Instead of trying to time the market daily, it is preferable to use strategies such as the circular buying (DCA), where small amounts are bought at regular intervals, which reduces the impact of daily fluctuations.
So these are the best days to buy and store