As you can see, the 13800-14500 area has the strongest resistance in the chart Bitcoin is really a bet that someone will come and buy at a higher price than you in order for you to sell and win But now the situation is reversed The bet now is that someone sells in order to buy at a lower price This is literally what happens After the war of statements between major traders and investors, you must understand this The safe buying area is 13800/14500 The investment period is 1-3 years in order to get a new peak It is too early to talk about profit taking After hitting the targets we mentioned, which should be the bottom, it should happen after the fluctuation in the price Then comes the period of stability (sideway movement) With low volume Then the volume increases And we see positive candles Then the climb will begin Finally, trade smartly and patiently Trade with your mind, not your emotions My greetings
I have a question about this Why do you think it takes three years for the bitcoin price to recover?
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@Magju75, smart question The period was calculated based on the global economic situation Fear of investing and inflation In addition to some complex reasons Which is hard to explain in the comments