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<p><a href="https://twitter.com/thescalpingpro/status/1748716984664244460?t=Wx2CpTjYs4w-iy0S2WmRoA&amp;s=19" target="_blank" rel="nofollow">Crypto trader Mags (@thescalpingpro)</a> makes the case for remaining bullish on bitcoin and continuing to buy the dip, despite its recent 17% correction.</p> 
<p><strong>Bitcoin Remains in Long-Term Uptrend </strong><br>Mags notes that bitcoin recently got rejected near $48,500, which has acted as an area of resistance or “first area of problem” in previous market cycles before price surges to new all-time highs.</p> 
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<p>He observes that in every market cycle there have been several short-term corrections after every leg up, while the overall long-term trend remains strongly bullish. Mags urges to not get caught up in the short-term volatility.</p>  
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<p>Despite bitcoin’s 17% correction from its recent swing high, Mags states it remains in a bullish long-term uptrend. He views the current dip as a buying opportunity, tweeting: “Dips are for buying.”</p> 
<p>In summary, although bitcoin has seen a sharp correction in the short-term, this crypto trader believes its long-term bullish trajectory remains intact. He recommends maintaining a bullish outlook and continuing to buy the dip at current levels despite the volatility.</p> 
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<p>The post <a href="https://captainaltcoin.com/why-you-should-keep-buying-bitcoin-btc-despite-the-ongoing-dip/">Why You Should Keep Buying Bitcoin (BTC) Despite the Ongoing Dip</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why You Should Keep Buying Bitcoin (BTC) Despite the Ongoing Dip

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