The current bitcoin record high currently stands at $19,800. Since hitting that high, bitcoin has been on a major correction, falling to around $10,000 where it is currently. But where is the bottom of this correction and where would it be safe to buy the bitcoin again? Well let's try to predict that?
As shown above, bitcoin price seems to be respecting the converging triangle. A break out from this trend line will signal an end to this correction. In the main time, prices seem to be falling and is expected to fall to around the $8500 mark which in my opinion is the best time to buy bitcoin to HODL. SO for newbies looking forward to buy bitcoin, you can wait until price reaches around $8,500 which is indicated by the location symbol in the chart above. Good luck