Bitcoin How Low Can We Go? Heading To Heavy Accumulation Zone.
First it was Elon Musk, then the China mining crackdown, then the Colonial Pipeline ransom, and now Donald Trump thinks Bitcoin is a scam oh no!!!! What's next on the Bitcoin punching bag? Overly optimistic when prices are high and overly pessimistic when prices are low is how our emotional psychology works plays against us.
The lowest point I see Bitcoin potentially trading at is $27,500 at worse. Can we get below $30,000? Absolutely. But as I said previously I believe Bitcoin at these prices is going to get purchased up very fast especially if we drop below $30,000. Are we heading towards $20,000? I still don't believe so when a company like MicroStrategy goes $400 million into debt just to buy more Bitcoin at around $30,000. That's just my opinion though I could definitely be wrong. We're at the bottom of this channel and Bitcoin between $28,000 - $30,000 is a very hot buy zone.
Don't let the media trick you into thinking that your Bitcoin is worthless or it's a scam. Bitcoin is here to stay and bring mathematical integrity to our current economic system. El Salvador just became the worlds first country to adopt Bitcoin as legal tender. Meaning that Bitcoin will be widely adopted by El Salvador to pay all forms of public and private debt within the country. My question is which countries will be next?
We're probably going to have a choppy summer of sideways movement between $30k - $40k but don't worry. These prices will be another time we reflect and say "I wish would've purchased more."
Much peace, love, health, and wealth! Always hodl and never sodl at a loss. We will get through this period.
The lowest point I see Bitcoin potentially trading at is $27,500 at worse. Can we get below $30,000? Absolutely. But as I said previously I believe Bitcoin at these prices is going to get purchased up very fast especially if we drop below $30,000. Are we heading towards $20,000? I still don't believe so when a company like MicroStrategy goes $400 million into debt just to buy more Bitcoin at around $30,000. That's just my opinion though I could definitely be wrong. We're at the bottom of this channel and Bitcoin between $28,000 - $30,000 is a very hot buy zone.
Don't let the media trick you into thinking that your Bitcoin is worthless or it's a scam. Bitcoin is here to stay and bring mathematical integrity to our current economic system. El Salvador just became the worlds first country to adopt Bitcoin as legal tender. Meaning that Bitcoin will be widely adopted by El Salvador to pay all forms of public and private debt within the country. My question is which countries will be next?
We're probably going to have a choppy summer of sideways movement between $30k - $40k but don't worry. These prices will be another time we reflect and say "I wish would've purchased more."
Much peace, love, health, and wealth! Always hodl and never sodl at a loss. We will get through this period.