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.
If you understand the movement in the Bitcoin market dude, I am pretty sure you must also understand why Bitcoin is volatile.
Are we going to repeat this topic over and over again, most people know that the market is very unpredictable, if you notice that one day a bitcoin recovered to 30k$ and then for a few moments it dumped again to 27k and now it has recovered again 29k$ more. So it means that with these actions, there are many people who are positioned at that value of bitcoin, so that scenario is happening that is too volatile.