Is now the best time to invest?
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Technology and on-chain data provide different perspectives.
📌Technical analysis staff: According to the interpretation, the Federal Reserve (FED) will postpone the rate hike to July. BTC is likely to move sideways lower, with a small bottom (59k) and continue to rise. In the process, the $67-69k level may act as a resistance level.
📌On-chain analysts: They do not expect a "bullish" trend in 2-3 months and predict that the price may fall to $52k.
📌General market and social media: He believes that 60k is a local bottom and says that Bitcoin can rise to $80-85k.
📍What should we do?
If you have a higher risk appetite, you can buy after retesting the $60k level.
If you are more cautious, you can wait for the $67-69k resistance level to be broken.
Long-term investors can already make gradual purchases at various levels.
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