Boring Bitcoin Booooo. Actually, this is a very positive sign!
Over a month since last update, and not really much has happened.
This is GREAT news! We should be in the accumulation phase of this cycle where prices stay relatively stable (in between the red lines).
People that have weak hands usually sell in this period because there's not enough "action" and bitcoin isn't going to go anywhere. The smart money start accumulating here when prices go down.
I think we will still test at least the 3500 level (80%) if not the 3200 level (50%). Just buy the dip accordingly. Just DO NOT FOMO at 6000!
Long term - Still the same as before. Accumulate and HODL The market has dropped 70-90% everything is honestly a bargain. Bitcoin is not going anywhere, if it would have died, it should have died the last time it went down 85% from peak in 2015. Every day that passes makes Bitcoin stronger. People say there is nothing behind Bitcoin and it is almost like a Religion where it only survives on belief.
Only invest what you can afford
This is GREAT news! We should be in the accumulation phase of this cycle where prices stay relatively stable (in between the red lines).
People that have weak hands usually sell in this period because there's not enough "action" and bitcoin isn't going to go anywhere. The smart money start accumulating here when prices go down.
I think we will still test at least the 3500 level (80%) if not the 3200 level (50%). Just buy the dip accordingly. Just DO NOT FOMO at 6000!
Long term - Still the same as before. Accumulate and HODL The market has dropped 70-90% everything is honestly a bargain. Bitcoin is not going anywhere, if it would have died, it should have died the last time it went down 85% from peak in 2015. Every day that passes makes Bitcoin stronger. People say there is nothing behind Bitcoin and it is almost like a Religion where it only survives on belief.
Only invest what you can afford
My opinions only not trading advice.
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