Now is the most convenient time to buy Bitcoin, says the founder of the research company LunarJoel Birch.
In an interview with Forbes, this expert noted the particular attractiveness of the first cryptocurrency at the time of its seasonal decline.
Let us remind you that the result of yesterday’s worsening volatility in the crypto market was the fall of Bitcoin to $7,500. The coin is at approximately the same level today, October 24.
According to the founder of Lunar, if you buy when the coin is at the bottom and sell when it is trading at the peak, then you have chosen a good strategy.
«I can't tell you whether Bitcoin will reach$4000 or $6000, but I can tell you that it doesn't matter to me because I think any price is good as long as it's under $8000».
The expert is also sure that BTC will reach $ 20,000 anyway, however, he refused to give any indicative dates for the resumption of the coin rally.
May Bitcoin Miner Reward Reductionnext year (halving) will have a positive impact on the BTC. We will see trade in the green zone in the first quarter of 2020, and the positive trend will continue until the May halving, Birch concluded.</p>