Post
Topic
Board Trading Discussion
Merits 1 from 1 user
Re: The best time to buy bitcoin.
by
jeraldskie11
on 30/03/2023, 17:07:09 UTC
⭐ Merited by fillippone (1)
I can assume that it will probably go down to the expected 3-4% in the Q4 of 2023. So I'm not expecting a bull run until 2024.
But again, I don't want you all to be bearish on bitcoin or selling it. For most people, DCA is enough to survive this crypto winter, but if you want to invest a lot of money in bitcoin, then I think it's better to wait until the signal we talked about.
BTCBTCBTCBTC
I don't totally agree what you said. Q1 will be over but we can see in the market that Btc is now bullish so Q4 is too far to know. We can now see in the market that he has shifted the trend. Then when he breaks the resistance or the lower high is with high volume that just shows that the demand is very high and the supply is very low. It just means that no one is willing to sell and there are too many buyers. So it is possible that the next move in the market is to retrace. However, we cannot predict but we can react. We can see now that the market is consolidating so maybe the retracement is about to start. It is necessary to retrace because there are still orders that have not been filled so it is possible to go to the market to move the price higher breaking the weak high.

I also don't believe that because the economy is failing, Bitcoin is falling. Usually bad news is used for the opportunity to catch up with the flight, in other words manipulations. Imagine what happens in march 2020, it was declared global pandemic. Surely lot of people are selling their assets but see what happens to the price, it went higher and higher.

On January 30, 2020, the WHO declared the COVID-19 outbreak a global health emergency. On March 11, 2020, the WHO declared COVID-19 a global pandemic,