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When Is The Best Time To Buy Bitcoin & Altcoin?

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Highlights

    The entire crypto space is experiencing a tough time as most of the assets are trending in a very narrow region

    While Bitcoin and Ethereum are consolidating within a narrow range, other altcoins wake up to rise high

    Yet at every dip, a buying opportunity arises, yet no higher gains are booked and hence the best buying time may be still ahead

Bitcoin, the most dominant and primitive crypto, currently is battling hard to keep up above certain levels. However, the BTC price keeps on trembling every now and then, speculating a probable ‘not a right time’ to enter a trade. On the other hand, Ethereum, no doubt showcases an independent rally, yet gets impacted with the BTC rally often.

Interestingly, the other altcoins like Cardano, Dogecoin, Litecoin, Polygon, etc are finding their way out of this slump. The consecutive day’s plunge had forced many of the assets to visit lower levels, including Bitcoin price. However, most of the altcoins recovered but BTC & ETH remained trending in a narrow region.

When To Buy Bitcoin

Each time during the dip, many speculate it as a buying opportunity, yet the price rises a little high and drops to its previous levels. Therefore, making a room for a lot of speculation for entering the trade. A popular analyst Altcoin Sherpa predicts the best buying time for both BTC and Alts is 6 months from now in December.

Also Read: Bitcoin Price Should Breach This Level to Claim a Full-Blown Rebound

The prediction was followed by a poll which is run by another analyst Bitcoin Jack and asked what to do in the coming 6 months, Buy or Sell Bitcoin? At the press time, nearly 3519 votes are recorded, however, still, 22 hours is remaining for the poll. As many as 83.6% of people asked to buy whereas 16.4% voted to sell.

Collectively the entire crypto space is speculating and calculating the best possible time to enter the trade. However, the bitcoin price needs to showcase a little more bullish momentum so that the traders gain immense confidence to jump in. And eventually uplifting the BTC price breaking the strong barriers around $42,000. 

Also Read: XRP Price’s Narrow Trend Distances Itself From $0.7 Mark! What’s Next?

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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