Hello traders, here's my point of view about BITCOIN.
I'm bullish in the longterm. However as you can see , price is about to reach a fresh supply area. To be honest there is % that the 58.000 act. Of course late buyers can suffer or panic sellers can suffer. Play with probabilities , manage your risk. I personally have short term sell limit pending in the 58000 mark. All controlled. Price can also break it without any hesitation, anything can happen. Let me know in the comment section , are you bullish or bearish right now ?
. According to JP Morgan, institutional investors are so keen on Bitcoin that they are buying the digital currency instead of gold as a way to hedge against inflation