Is the current price of $36,000 a good time to buy Bitcoin?

Bitcoin recovers by 7% and continues to move between $30,000 and $40,000.

After falling to about $31,000 on Tuesday, Bitcoin has shown signs of recovery and has been able to recoup previous losses with a gain of 7%.

While crypto markets continue to consolidate for the time being, there is bullish news for the leading cryptocurrency as crypto exchanges record increased outflows. This essentially means that buyers tap the available liquidity on exchanges and then move it to their wallets to hold it for the long term.

This suggests broad confidence in Bitcoin, despite more threatening news about China blocking search results for crypto exchanges.

Where to buy Bitcoin as long as the coin consolidates

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Is the time good to buy Bitcoin or should you wait until the next crash?

The decision on the right time to buy depends on the available liquidity of a trader at a given time, depending on the direction in which, in his opinion, the price is moving.

To answer this question, first of all, it is necessary to understand your goals. Are you ready to keep your Bitcoin long term? That could mean 10 to 15 years. In this case, buying today or waiting for a crash could have minimal impact – of course, depending on what the markets look like in the 2030s.

One thing is pretty certain right now – there are buyers out there buying Bitcoin in larger quantities than usual. Whether this is a bull trap remains to be seen, but there is a high probability that a decrease in supply will lead to an increase in demand.

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