Post
Topic
Board Bitcoin Discussion
Re: How low will BTC go before the next leg up to 45-50k??
by
haroldtee
on 13/01/2021, 06:17:21 UTC
It was like yesterday, when the long correction from 19800 happened, and then everyone was busy looking for where to buy. I bet some even claimed Bitcoin would get to $1k and they would rush in. It just amazes me today how someone is looking out for a support at $20k.

My point: no one knows nothing. If you can look out for price action; and higher highs and lows from key supports (previous resistance), you can buy, but that doesn't still guarantee the fact that this is a volatile environment.

However, if everything I just said, sounded like pure jargon to you, then just buy and look at long term prospect, instead of short term gains. That saves you from buying what you can afford to lose (you can only lose anyway, if you sell at loss, since you are in a spot market). If market goes lower to the region where ypu expect you reqlly want to get in, feel free to buy more (you can split the funds). At the end, you have nothing to lose in the long term.

The fact is, no one can tell you what happens tomorrow or if bitcoin would pull back to $20000. I for one would love to see that happen, to see the price reaction in that region, probably to serve as very key and tested support in the long run. Wish you all the best in your decision making.