BTC technicals are against $20,000. I don't think holding now is a good idea.
Maybe a good idea is to move the money from BTC to altcoins.
If BTC breaks $21,000 confirming a breakout, media will write about BTC and move retail investors will flow in. Then get in.
I think for now, the best idea is to liquidate BTC. And move to alts.
What's your take and why?
Happy to discuss!
Here is the thing with waiting for it to break $20K and buying it at like $20.5K or $21K. I see one or 2 things happening here.
First one is that it will break $20K and head straight to like $23-25K or so. What do you do then? Buy it at $25K. Seems very risky. Another most likely scenario is that it will break $20K, go to like $21K and then go back down below the $20K and start to go towards the $19K basically be a fake out pretty much.
Remember what happened in Nov 2018? It broke $6K and many people wanted to sell at a loss at $5.9K, however it never went to $5.9K went to like $5.6K and headed straight down right away towards the $3K. So if it was this easy everybody would be trading this scenario.