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.
~snip~
Hope is reborn for those waiting for $10k, and while I won't say it's impossible, I don't agree with those hoping for just that. Of course, it's easy to make statements like you make when the price has lost 20% in a very short time, because why wouldn't it lose another 20% or more?
However, although many will blame the FED and their latest statements, I would also take into account the fact that many took profit by selling at a price of around $25k, and they bought exactly when the price was the lowest. The game is always the same, buy low, sell high, and take advantage of any news, whether it's good or bad. In any case, this will be a turbulent year, but that does not mean anything bad, because those who trade will have nothing against profiting 40% or even more a few more times.