Three test.. of the 30K support. Many people are waiting for a 20K level. A few months ago, the same thing happened. The test of the same support at 30K.
Three hits and Bitcoin still stands.
Elon tweeted, China banned and finally Trumps tweet. The Bitcoin army is strong. I saw one YouTuber even mentioning how much money he made shorting BTC.
Then the moment Bitcoin made an upside move, he changed his tweet and said he closed his short. How is he so accurate ? What about those who has followed his advice? What if they shorted too and did not close their position in time?
I think the best thing to do is just to HODL and only trade a smaller position to add to the HODL position. If we HODL for the long term, we won't be too worried about any short term moves which could be somewhat volatile at times.
HODLing sometimes take a lot mental strength. After investing in cryptos, some small things nowadays, when they happen, they won't really affect me that much. It's all about emotional control. We can't panic or be too euphoric when prices go up or down.
I have confidence that BTC is going to go to a 100K by the year's end. Imagine that El Salvador making BTC legal tender, there are reasons why they are doing this. They even have plans to have BTC on their reserves. A country of 6.54 million. Everyone uses BTC. The government HODLS BTC ... If in ten years BTC goes to a million, El Salvador could be super rich.
President of El Salvador Says He’s Submitting Bill to Make Bitcoin Legal Tender
Yay! 🤗
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