According to a recent poll on Weibo, China’s version of Twitter, a Bitcoin price of $30,000 appears to be the most appealing market entrance point for the majority of respondents. Around 35% of those polled said they would buy Bitcoin (BTC) if the price went below $30,000.
One of the reasons for their price objectives is the market’s low psychological expectation. The majority of them expressed apprehension about the crypto market’s psychological expectations. Over 60% of those who used the microblogging site indicated they would only consider buying Bitcoin right now, while 22% said they would buy Ethereum (ETH). Despite the fact that China is still banned from the cryptocurrency market, the survey shows that crypto trading is alive and well in the authoritarian country.
Will you buy the dip or stay away from it for a while? Comment below.
