48 days ranging that seem like an eternity. And it seems that the market is not determined to break this general tone.
If this Bull Market is teaching me something, it is that as much as we want to see coincidences with the past, each BITCOIN cycle has its own personality.
I still think that we are in something similar to what happened in 2013, a small recess on the way to the moon, however this time this recess is longer and the uncertainty is higher.
Due to the closure of miners in China, the difficulty of mining BITCOIN is falling precipitously... a possible consequence of this is that for the remaining miners it would be much easier and less expensive to mine Bitcoin with which it is possible that they are put into circulation or in the market many more BITCOINS with what the offer of the same increases and, consequently its price goes down.
It is just pure speculation but my main scenario is still valid and I expect a BTC fall below 30K and find a good floor or buy level from 27K.
My purchase orders are staggered and spread over those levels.
where are yours?
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Posted Using LeoFinance Beta
