I personally do not see BTC going to new highs or even >10K , given the climate that the world is in now.
If you realise, BTC is tracking S&P very very closely, when S&P dumps, BTC follows.
BTC will always be considered an alternative investment as compared to traditional markets such as stocks etc.
Once there is a strong move downwards for stocks causing margin calls, investors will first liquidate their risky assets to fund their safer ones.
So until a vaccine is manufactured and distributed worldwide, everything is going to go lower.
Cash & Gold is king during this period.
Stay safe and healthy folks.
My buy Zone is 1K - 3K, we have yet to see capitulation.
If you realise, BTC is tracking S&P very very closely, when S&P dumps, BTC follows.
BTC will always be considered an alternative investment as compared to traditional markets such as stocks etc.
Once there is a strong move downwards for stocks causing margin calls, investors will first liquidate their risky assets to fund their safer ones.
So until a vaccine is manufactured and distributed worldwide, everything is going to go lower.
Cash & Gold is king during this period.
Stay safe and healthy folks.
My buy Zone is 1K - 3K, we have yet to see capitulation.
Note
BOINK!Note
Scam wick at 7 - 7.1k to take out the late shorters and down we go.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.