Post
Topic
Board Bitcoin Discussion
Re: Bitcoins Crossed 20k USD!! Don’t lose hope now.
by
Baofeng
on 22/06/2022, 07:52:08 UTC
Usually weekends, the market is slow, volume is low so I don't think there will be movement that we might see the price going down again. We are hovering on the $20k level, and as high as $21,700 yesterday so we might have seen the lowest low at $17k'ish but we shall see. Still good time to buy and no need to wait to like $15k. A good advise is to do DCA'ing.
The lowest support point is still at $17,700 and this is a strong support point, if it breaks it will touch the $15k area as you mean. The market is still playing in the $20k-21k price area, hoping this will be the start of the bitcoin market getting better. Doing stargei DCA is indeed recommended, but also adjust it with the money reserves you have. Waiting at some of the lowest support to buy bitcoin is certainly an option, don't panic too much to buy, make sure everything is in accordance with the strategy that has been made.

It's good that it didn't break that support and actually we've seen it as high as almost $22k as I have said. Maybe there is a selling pressure again as I observed that the price goes down a bit to $20k.

Yeah, one strategy is DCA but you can't execute it if you don't have the money reserves so a careful planning is what we needed. Everything around us is not good, there is war and then our country's economy is still haven't recovered from covid-19. So we need to plan accordingly if we wanted to continue investing in crypto amidst the turmoil.