Bitcoin entering 6-9 month bear market ?
Is Bitcoin Entering a bear market?
This bearish breakout and the round tops like to suggest to me that Bitcoin is entering a bearmarket for the next months. My guess and hope is it will hit the last ATH of 1150 around the end of this year. :-)
And now (saturday night) it's time for some beer market. :-)
I wish, that means I can buy more bitcoin at a better price while its still low!!!
The popularity of cryptos is increasing. If we'll have a bigger pull back I'm not expecting smaller bottom, than 1600USD. But a good profit taking is never bad, just to be able to buy some more.
It has only happened once that the course of bitcoin went on and didn't look back after an ATH, and that was with the transtion between the 2 ATH's of 2013. Every other time price came back from the last ATH to the previous ATH.
I'm afraid it will. Just Hodl and never sell I guess :)
I invest my portfolio in 3 parts :
if you'd be interesting in mining with genesis, best start with at least 2600usd plan, that and above gives the highest returns. It pays itself back within 6 months. Here's my 3% reduction code : 8p0ke4
:-)