If it stays above ~$38k expect 100,300k this year. If it drops below, expect a long bear market…… short term i mean, if you are day trading. If you are investing long term, it’s a different story. Short term would be 1-6 months. For long term id suggest you to use the weekly chart.
Bear markets tend to last several months. We had bull markets lasting 5 months, bear markets lasting more than a year….. it’s like the seasons of the year. That’s how you should look at it.
The trading strategy depends on you kind of trade. Day traders want to make money everyday, that’s why I mentioned short term, because I believe there will be a push up for a few days before dropping more. But one thing is for sure: Bitcoin will drop because binance is facing serious legal problems in the USA. Even if nothing happens, the fear of regulation will inevitably cause a drop in the next weeks. Binance has a meeting with usa govt on Monday. I truly believe binance is corrupt. And I hope they pay for their crimes. Let’s see. But we NEED a drop in order to continue rising . Trust me. And relax. Bitcoin is STILL the future ;). Cheers brother
Also, Biden supports crypto. Trump wanted people to declare to whom they were sending the funds to, when withdrawing amounts bigger than $3k. After election Biden cancelled this. It seems they are taking advantage of this crypto thing to manipulate politics.
How, exactly, how long will it take, what you call a short term, and what do you think will be the BTC target in 2022?
If it stays above ~$38k expect 100,300k this year. If it drops below, expect a long bear market…… short term i mean, if you are day trading. If you are investing long term, it’s a different story. Short term would be 1-6 months. For long term id suggest you to use the weekly chart.
Bear markets tend to last several months. We had bull markets lasting 5 months, bear markets lasting more than a year….. it’s like the seasons of the year. That’s how you should look at it.
The trading strategy depends on you kind of trade. Day traders want to make money everyday, that’s why I mentioned short term, because I believe there will be a push up for a few days before dropping more. But one thing is for sure: Bitcoin will drop because binance is facing serious legal problems in the USA. Even if nothing happens, the fear of regulation will inevitably cause a drop in the next weeks. Binance has a meeting with usa govt on Monday. I truly believe binance is corrupt. And I hope they pay for their crimes. Let’s see. But we NEED a drop in order to continue rising . Trust me. And relax. Bitcoin is STILL the future ;). Cheers brother
Thank you very much. It was a good explanation for me. I just bought long term altcoins.
You are very welcome =)
only what the government wants to hear is how to tax traders, and probably get some funds from binance as fine.
Also, Biden supports crypto. Trump wanted people to declare to whom they were sending the funds to, when withdrawing amounts bigger than $3k. After election Biden cancelled this. It seems they are taking advantage of this crypto thing to manipulate politics.
its the new tools for governance giving the people what they want to get the policys they need
What I don't understand is exactly bull or bear