What's happening with Bitcoin this week?
Bitcoin has been quite calm these last few days, with its price moving between 94 thousand and 97 thousand dollars. It hasn't risen or fallen much, as if it were 'taking a breather'.
Why isn't it rising or falling much?
The global economy is strange: There are many doubts about inflation, decisions from the U.S. government, and other economic issues. This makes many people prefer to wait before buying more Bitcoin.
Fewer people are buying and selling: The trading volume has decreased. Some may have sold to secure profits after it rose significantly, and others are waiting to see what happens.
It's at a key point: Many experts believe that Bitcoin is in a balance zone. Technically, it could rise more if there is good news, or fall if something negative occurs.
And now what could happen?
If it rises strongly: If it manages to break past 97 thousand dollars strongly, it could continue to rise and even break a new record. This could happen if there is good news, such as more banks or countries accepting Bitcoin.
If it falls below 92 thousand dollars: It could drop a bit more, perhaps down to 85 thousand. That would happen if there are bad economic news or if people get scared and sell.
What to do if I'm just starting?
Don't panic: These movements are normal in Bitcoin. It frequently goes up and down.
Look at the key points: If it drops near 92 thousand, it could be a buying opportunity. If it rises above 97 thousand, it may continue to increase.
Don't invest everything at once: It's better to put in a little, observe, and learn over time.
Keep in mind before investing to research a lot and not act impulsively.