A copy and paste of the weekly movement says we are heading down a bit more the bottom support is 21k, we may or may not see that before it go's flat for consolidation before making it's rally to 80K tops. Some of you may have seen charts like a rainbow or arch and I will warn you not to follow that because all the people using it are saying we will go up more for 2 more years, This is not true. We are at the top of that rainbow or arch and will start to see a down side in 2023, In 2024 late or 2025 a new Bull run should happen returning to a 4 year run up as BTC mining starts to fade out and we get closer to no more mining. The closer we get is when BTC explodes because there will not be any new BTC made. My Investment strategy for this will be to invest, meaning set it and forget it. Buy every dip and when it crashes next year, load that boat for we will never see lows like this again because no new mining. We have to remember supply and demand is the only real bull and once you stop making new and have a set number of coin that will never increase then you will see a mass bull run (once no more BTC mining) or just before it as everyone starts to load up. Good luck, Have a great weekend.
Never invest more than you can lose, never take anything anyone says as financial advice on this or any web site unless you are paying them as your legally appointed professional.
Never invest more than you can lose, never take anything anyone says as financial advice on this or any web site unless you are paying them as your legally appointed professional.