Why you should probably buy Bitcoin right now

Bitcoin Data Newsletter Premium

Hello Premium Readers!

Bitcoin lately has been rather lack-luster, as price action continues to fluctuate in the range of 15-16k. This is typical of any bear market and has often times presented the best buying opportunities. The common mentality is waiting for a better price, which often never comes. Being a successful buyer and seller of crypto requires you to say, “While this may not be the absolute best price I can buy at, it is good enough.” Greed becomes present in both directions, up, and down.

You may also be concerned about buying right now, because many influencers are telling you to buy, and the majority mentality is typically incorrect. However, these influencers have been continuously calling the bottom, all the way down. This means that eventually they will be right, so it’s up to you to use information from multiple sources to make the right decision. Most influencers are not trying to help you, and will tell you what you want to hear so you are more likely to consume their content.

Let’s take a look at some short term data to see why this moment is likely a good time to be looking at buying Bitcoin.