Topic: Bitcoin is going down. - page 10. (Read 1183 times)
I agree that what is happening is not a real bull run, this is a short term bull run, and bitcoin could still correct below $20k anytime. But if I say that this is not the time to buy bitcoins, I disagree entirely. No one can be sure bitcoin will drop again, it's all just your baseless prediction. And if compared to the old ATH, the price of $30k is a very good price to accumulate bitcoins.
lol. Bitcoin has been going up because the bear market ended a month ago. That is the only reason it needs to go up.
You don't need to freak yourself out just because it is range trading. This is normal buddy.
You don't need to freak yourself out just because it is range trading. This is normal buddy.
Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.
So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.
Have a nice day and take care.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.
So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.
Have a nice day and take care.
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