Bitcoin, most valuable Crypto currency of Crypto verse, is trading at 58% of its previous highest price in Nov- Dec of 2021. We witnessed it on $69K but the trends, symptoms and signs of Market and development around giving clear indication that Bitcoin will rise beyond the all expectations. My personal expected figure is $100K+ to get by April 2024. So it is best time to buy now , although current surge in price from $19K to $30K is very normal route of market. 

Why I am calling the situation a dip and what logics I am observing for it ?

👉Bitcoin has fixed supply of 21M and whenever demand goes higher the price also goes high. That is simple economics. The institutional adoption is going to effect soon as  the applications of BlackRock, Fidelity, WisdomTree and Invesco are pending in SEC to allow them for adoption of Bitcoin as legal payment method. 

👉 Financial committee passed a bill to give authorisation in term of self custody of Crypto. 

👉 The halving season for Bitcoin is just 8 months away which is expected on end of first quarter in next year. What track record and history shows us that the heavy or bulk buying on halving gives trigger to price and as expected Bitcoin can surpass $100K or more. Why? Each halving reduces the mining rewards which cut down the supply or reduce it which is definitely bullet point in index of price.

👉 Inflation around, profit margin and  interest rates are converting the flow of investment which increasing the signals of bull run chances as experts also saying on different forms,

Conclusion.

The candles are green for a bulk run and the opportunity to buy Bitcoin under $30K is still in hands which may not comes back after August. A strong wave of rise is visible which can turn you a next millionaire with luxurious lifestyle. That's what Bitcoin will be for modern generation. 

Note: Purley my own analysis, it is not financial advice, do your own research before any investment because Crypto can be risky.

Cheers,

Amjad