What’s next for #Bitcoin ? Market Analysis
There’s still a bit more to go before the market cycle ends with low trading volumes; those who are waiting and not selling are starting to get frustrated.
The Luna incident shook confidence in altcoins. Even if BTC rises, the altcoins are not moving much because there’s no inflow of money; everyone is buying Bitcoin because it has gone up. For this reason, every investor must have Bitcoin in their portfolio!
The FTX crisis shook confidence in exchanges. People dedicated to crypto have turned to DeFi. Therefore, make sure to have DeFi-focused cryptocurrencies in your holdings.
In this environment, where volatility and sharp price movements are high, timing the market is almost impossible. Therefore, DCA (Dollar-Cost Averaging), which means buying regularly, is the most logical approach.
Smart money will start accumulating from here. And in a bull market, while everyone is buying, it will sell.
There’s still a bit more to go before the market cycle ends with low trading volumes; those who are waiting and not selling are starting to get frustrated.
The Luna incident shook confidence in altcoins. Even if BTC rises, the altcoins are not moving much because there’s no inflow of money; everyone is buying Bitcoin because it has gone up. For this reason, every investor must have Bitcoin in their portfolio!
The FTX crisis shook confidence in exchanges. People dedicated to crypto have turned to DeFi. Therefore, make sure to have DeFi-focused cryptocurrencies in your holdings.
In this environment, where volatility and sharp price movements are high, timing the market is almost impossible. Therefore, DCA (Dollar-Cost Averaging), which means buying regularly, is the most logical approach.
Smart money will start accumulating from here. And in a bull market, while everyone is buying, it will sell.