I recently came across an
interesting article discussing Bitcoin's current price movements and potential future scenarios.
It highlighted a possible drop and mentioned various technical indicators on both the
4-hour and
1-day charts. The piece also presented two possible scenarios:
- further decline
- potential recovery.
I’d love to hear your thoughts on how the technical indicators might influence Bitcoin’s next move.
I have gone through the article you linked to your post as well, and as much as what the author of that article said said makes sense to me, I will still say that it's all predictions, which In other words is guessing the direction the price of bitcoin will go, and we all know that this is something no one actually can say for sure or for centainty how the market will perform, we all guess, sometimes we are right and the other times, we are wrong, what is most important is that any one investing should not invest more than he or she can afford to lose.
But for me though, which ever side the price of bitcoin goes is not really a problem, what matters at this point in time is making sure to be holding some bitcoins, if the price goes up, you did be happy watching your money grow, but if the price goes down, it's an opportunity to buy even more bitcoin at a cheap price in preparation for the coming bull run.