Hello everyone.
As you can see, bitcoin is going down and I believe that it will keep falling.
As I explained in my last posts, this Bitcoin rise wasn't sustainable. There are literally no reasons for Bitcoin to go up now.
So I want to remain you guys again that right now is not the time to buy bitcoin.
Inflation is still high, interest rates are still getting higher, FED is not planning to stop any time soon, and the economy is suffering. All these reasons won't let Bitcoin rise from the ashes YET. But I believe we will see the end of it this year, probably in Q4.
So I recommend holding on to your cash/stablecoins right now and waiting for the signals to buy Bitcoin.
And as always, the best signals to look for: FED start cutting rates. When this will happen, it will mean that economy will start recovering soon so it's a great time to buy anything you want before crypto and the stock market will go up.
Have a nice day and take care.
There are always some Nostradamuses around I guess.
The thing about these kind of advice is, you’ll easily find as many arguments for the contrary. One of the best advice regarding when to buy bitcoin is still dollar cost averaging over several months or even years. You can go into advanced mode and adjust the amount you invest each time depending on whether prices went up or down recently.
Anything else will make you very vulnerable to an almost unpredictable amount of short term factors influencing the current price of bitcoin.