A good spot to buy BTC or the beginning of a crash?

20 בספט׳ 2021

Macro events caused some serious shake-ups in crypto this morning. As a result, BTC broke below it's closest support and is hovering around a 44K support level. If we get a further move below 44K, I think one could make the argument that we are headed in a much more bearish direction in the near term. However, if we can hold above 44K until the calamity slows down, we may be at a reasonable place to buy. It isn't clear to me exactly which direction we will break, but I think 44K is a decent price for BTC given the upside potential.

These are just my ideas. Not financial advice.