When to ACTUALLY buy Bitcoins?
It is hard to come up with a solution that seems plausible for all, as everyone has different investing goals and purposes. That’s why as financial consultants do, they first understand the investing goal of each individual in order to come up with a tailored strategy.
For Bitcoin’s case, it is quite easy:
Entering the markets at all-time high prices is a risky endeavor, as people would reminisce events of 2017 when the whole Cryptocurrency market crashed as soon as reaching USD 19,700 all the way down to a low of USD 3,000. That’s why it is always a good strategy to plan an exit price, be it manually or automatically.
The Cryptocurrency market
As a whole, the cryptocurrency market is up in the past 24 hours, with Cardano (ADA) leading the way:
1- Bitcoin (BTC) : + 8.19 %
2- Ether (ETH) : + 5.94 %
3- Tether (USDT) : 0 %
4- Litecoin (LTC): + 3.99 % (Surpassing XRP)
5- Ripple (XRP) : – 1.95 %
6- Polkadot (DOT) : + 1.59 %
7- Cardano (ADA) : + 20.94 % (Surpassing Bitcoin Cash)
8- Bitcoin Cash (BCH) : + 5.17 %
9- Binance Coin (BNB): + 2.68 %
10- Chainlink (LINK) : + 5.13 %
Stay Ahead, Stay Updated
Rudy Fares
Today, Bitcoin prices are back up and established new all-time highs at USD 35,830. The price is eyeing the USD 40,000 price point. There is also a new support price area to be added to the ones we discussed previously:
- USD 22,500
- USD 26,200
- USD 30,760