The big dilemma: buy Bitcoin now or wait a little longer?

After losing the support of $40,000, Bitcoin seems to continue its continuous decline since the beginning of the year, and experts advise the following.

The price of Bitcoin and that of other digital currencies has collapsed in recent hours, with more than 10% loss and breaking the $40,000 support in which the currency seemed stable in recent weeks after the previous downturn at the beginning of the year.

And it was early last morning when the price of Bitcoin fell below $40,000, values ​​that had not been seen since last September and that curiously later rebounded up to 68,916 dollars marked in the month of November, historical maximum of the digital currency.

Now the doubt that the beginner in cryptocurrency investments may have is keep waiting for Bitcoin to drop to $30,000, or buy now, but the truth is that Bitcoin, right now, is at a very attractive price and is likely to be preparing a rebound to new highs in the coming weeks.

Now Naeem Aslam, head of analysis at Avatrade, states that “pessimism continues to grow among investors and traders when it comes to riskier assets and this is mainly influencing the price of equities and Bitcoin”.

On the options that cryptocurrencies have to visit the support of $35,000 or even $30,000, Aslam adds that “the price is very likely to visit this value, which would further worsen the current sentiment”.

On the other hand, the analyst Neil Wilson of Markets.com, adds that “As conditions worsen for Wall Street tech stocks, deep correlation with Equities indicates less usefulness for Bitcoin as an investment class”.

During these last weeks the price of Bitcoin has had a lateral development, which usually happens with distribution or accumulation trends.

In view of the fact that we have come from a significant drop since last November, it is foreseeable that since the beginning of this year we will be in a deep and long phase of accumulation where strong hands buy Bitcoin and weak hands sell due to the fear that it may lose much more value.

There is no science about it but there is statistics, and it is likely that the price of Bitcoin can continue to fall, but before a more than possible exponential rise in the coming months, and it is that every cause prepares an effect.