Bitcoin Investments - Are we set up for another dip
The above graph is from 2014 graph which was from Nov'13 to Aug'14 where bitcoin was at all time high during that period. This graph has three dips and bitcoin has consolidated after the third dip. Before consolidation it has corrected around 70 to 75 percent from its all time high. Now see the below graph which is the current picture.
This graph has only 2 dips till now and the correction was only 50% from its all time high. This indicates that there is one more dip waiting. If there is another dip there will be correction of 20 to 25 percent which indicates the price of bitcoin will be around 6500 to 7500. But if you think you are losing gains follow 25-50-25 or 33-34-33 strategy. Buy at three price points.
Disclaimer:
The above things are for informational purpose only. I am not a financial advisor. Please assess the situation before doing any investments in cryptocurrency. Don't invest anything that you cannot afford to lose.
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