SHOULD YOU BUY THE BITCOIN (BTC) AND CRYPTO DIP RIGHT NOW!?? Cryptocurrency Analysis 2021

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The cryptocurrency markets are still pulling back. Bitcoin (BTC) has majorly retraced since its all-time high and is looking for some support. You've probably heard the expression "buy the dip", but does this apply right now?? Should you buy this dip right now, or continue to wait?

In this video today, we'll talk about some of the things happening to Bitcoin (BTC) and the rest of the crypto charts right now with regards to this pullback and price. The bulls have been in absolute and complete control of the cryptocurrency markets lately, that ultimately we knew a HUGE correction and retracement was needed.

On the weekly chart, we haven't seen a major point of resistance get established, effectively since $20,000 which was the previous all-time high. A thorough analysis of the Bitcoin (BTC) chart shows the resistance was actually below that at the $12,000 level. I don't think it's realistic to see it that low right now, but the ultimate point is that we have a long way to fall still in order to test previous resistance as support.

As such, personally, I am going to be patient and wait for this pullback to play out. I'd rather wait and potentially not perfectly time the bottom than make a poor entry since I was impatient. This is all just my personal crypto strategy right now based off of my time in the cryptocurrency markets and weathering MANY cycles like this.

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