⭐ Merited by Yey09 (2)
Hello everyone! Today bitcoin went below 20k and it will probably go even lower I share my opinion on why it will happen.
Not too long ago I wrote a post about the best time to invest in bitcoin/crypto and this moment still didn't come.
I was saying this before and I will say it again: bitcoin will go down and it MIGHT even go lower than 15k.
Disclaimer: I'm not trying to be bearish or say that bitcoin is bad and you shouldn't buy it. I still think that DCA is the best tactic to choose in any circumstance. So keep buying bitcoin, it is the future of money and great technology.
But my opinion is that right now it's not the best time to buy bitcoin and it will go lower because of some reasons. The main reasons for me are that the inflation is still too high, the economy is suffering and rates are still high. There is also a statistical fact that all previous times when FED pivots happened, the economy dipped even lower and found a new bottom. We still didn't see this fallout so it's safe to assume that it's coming.
Latest statistics also showed that inflation is higher than expected and FED could start hiking rates once again.
My advice will be to wait until FED will start lowering rates which will mean that the economy will start recovering and money will flow into crypto and bitcoin.
Anyway, keep safe and don't panic, we will get through it.
Not too long ago I wrote a post about the best time to invest in bitcoin/crypto and this moment still didn't come.
I was saying this before and I will say it again: bitcoin will go down and it MIGHT even go lower than 15k.
Disclaimer: I'm not trying to be bearish or say that bitcoin is bad and you shouldn't buy it. I still think that DCA is the best tactic to choose in any circumstance. So keep buying bitcoin, it is the future of money and great technology.
But my opinion is that right now it's not the best time to buy bitcoin and it will go lower because of some reasons. The main reasons for me are that the inflation is still too high, the economy is suffering and rates are still high. There is also a statistical fact that all previous times when FED pivots happened, the economy dipped even lower and found a new bottom. We still didn't see this fallout so it's safe to assume that it's coming.
Latest statistics also showed that inflation is higher than expected and FED could start hiking rates once again.
My advice will be to wait until FED will start lowering rates which will mean that the economy will start recovering and money will flow into crypto and bitcoin.
Anyway, keep safe and don't panic, we will get through it.