I was doing DCA buying on Bitcoin before this jump and if it goes under $70k I will continue that. Do you think that's a feasible scenario or the low times are over and it will consolidate from here?
I was doing DCA buying on Bitcoin before this jump and if it goes under $70k I will continue that. Do you think that's a feasible scenario or the low times are over and it will consolidate from here?
These are the lows.
In the grand scheme of things $58k and $80k are very close to each other.
I expect confirmation of support in September.
As stated in OP I think that means a return to MA(200) and the 2021 high at $69420.
If this move is more like the 2019 recovery we won't be moving down at all though.
Either way late September has always proven itself to be a very good time to buy.
It's not always the low but it almost always goes up from there for at least a few months.