Quote from: crypticj on April 20, 2023, 02:38:19 AM

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.

I don't think the market conditions at the current bitcoin price are stable, but in my opinion the current bitcoin price is worth buying while waiting for the end of the year to arrive, or we will take profits when the bitcoin price soars higher than today. it is possible that the price of bitcoin this year will exceed the prices of previous years. I think if the bitcoin price is still under $ 50,000 it is still a decent price to buy, this is in my opinion.