Currently, the Bitcoin market is going to a turbulent situation when the Bitcoin price is going down, and it has also touched 88K US dollars, which is very low. There is a lot of fear in the market, and it is obvious because when the price sees this kind of correction, when it drops by more than 35,000 US dollars, then it is concerning for a lot of investors in the market.
The good thing is that the institutional investors are still investing in Bitcoin, and they continue to do that even though the current price is a good buying point for them. Some people are worried because they are not expecting this kind of correction in the market, especially with the Bitcoin price, but I believe this is not the first time we have seen this type of correction, and generally, it happens in the market.
People are worried that this is the kind of situation when it is considered bearish, and they feel like the bear market has started and bull time is over, but the reality is that this time we have not seen the bull cycle that we have seen in the past. This is true that the bull run is over, then I think it is going to be concerning for a lot of investors in the market, especially for the people who joined the market for the short term.
Let's see how things turn out to be in this market and what price we see with Bitcoin but as far as the long term strategy is concerned I believe it is a good time to buy Bitcoin because this is the same coin which was on high demand when its price was around 125K US dollars and now when it is below 90K people are concerned which ideally should not be.
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