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.
Anmerkung
BOINK!Anmerkung
Scam wick at 7 - 7.1k to take out the late shorters and down we go.
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