$BTC - SHOULD WE BUY OR SELL BITCOIN 2024?
Let's face the truth which is Bitcoin moves on big whales' decisions ( Exchanges, Companies & Governments ). To sell a big amount of Bitcoins, you have to handle a buyer ( a Whale ) to negotiate the price and of course it all happens on exchanges.
Most of small traders and investors have no idea of what will happen next months, all the data is being handled between exchanges and companies, so we are trying to forecast what will happen with the Bitcoin prices in the next months, and guess what, we could fail and stuck with highest prices for the next years ( I mean the next Bitcoin Halving 2028 ).
If we take a look on monthly Bitcoin chart, we see big pumps and dumps. The big dumps happened when Bitcoin had crossed up 65,000 levels ( I mean the real confirmed orders NOT bots ) and The demand increased when Bitcoin had crossed down 30,000 - 25,000 levels.
What We Expect:
Have a good day and don't invest more than you can afford to lose.
Most of small traders and investors have no idea of what will happen next months, all the data is being handled between exchanges and companies, so we are trying to forecast what will happen with the Bitcoin prices in the next months, and guess what, we could fail and stuck with highest prices for the next years ( I mean the next Bitcoin Halving 2028 ).
If we take a look on monthly Bitcoin chart, we see big pumps and dumps. The big dumps happened when Bitcoin had crossed up 65,000 levels ( I mean the real confirmed orders NOT bots ) and The demand increased when Bitcoin had crossed down 30,000 - 25,000 levels.
What We Expect:
- Big pumps and dumps will happen as a SNAP at unexpected time.
- Who bought at 15,000 and 24,000 levels needs to confirm their profits in USD.
- We could see Bitcoin at 100,000 supported with small orders ( Bots ) but the real buyer have a big order at 65,000 - 50,000 levels, so catching these orders are profitable for the sellers who bought at 16,000 - 22,000 levels.
- Eventually, Bitcoin is the backbone of crypto market. It will back to below 40k levels not for me or you but for the liquidation to start a new cycle. If you are a long-term investor, wait the lowest prices below 40,000 levels. If you are a pro-trader, you can do scalping trading while Bitcoin above 40,000 at your own risk.
Have a good day and don't invest more than you can afford to lose.
Dagangan aktif:
BTC declined to stay below 56.7k and pumped to 64.3k. If we don't break the 68k level and stay above it, we will see levels around 58-57k again.
We might see a sideways drift to 51.2k. Always manage your stop loss.