Hello Friends..welcome to my post..
IMAGE SOURCE : Coindesk.com*
After touching $7000 mark Bitcoin currently roaming around $7600.This whole week we havent seen much movement,it was hovering between $7200 to $7600. Next week or two I am expecting big move.
Image source: Bitscreener app
Look at the charts last time low was around $6600.This time low was around $7000.Last high was $9900.To become in postive market bitcoin must cross $10000 mark which we will say higher high.Then we can say that bitcoin was in positive run.Also to get in actuall bull run Bitcoin should cross $11200 resistance area.Its been around 5 months bitcoin dipped from $20k mark.We are courageous peoples who are still holding it.
Note : This is just for educational purpose not investment advice.
Please comment let us know your views you might get my upvote.Thanks.
No one will think this is investment advice and god help those who think this is an educational post.
I can understand that you want to create content so i can see two possibilities behind this post -
you dont give 2 shits about what you post. Post anything to make some bucks.
you actually believe what you have written is logical. In this case you should pull your money out of bitcoin and put it in fixed deposit. The logic presented in your post is very loose and poor quality and bitcoin will not "roam" higher for reasons you mentioned. You can take this as investment advice, not take it as that - upto you.
I have just given probablity..Nobody can predict 100% when bitcoin will move up and down.Not even a guy who has 40 years of experience but his probablity might be more.
Yeah i know no one can predict 100% what bitcoin will do, but your logic lacked any mathematical backing and was absolutely crap. Please read a book or 2 on technical trading or investing and you will see what i mean. Or ask any investor to tell you what is wrong with your post.
I am aware of all technical and mathematical charts buddy.I am saying based on those study only.I am not forcing anyone to believe this..everyone is free to choose their own path.Thanks.