For those who never believed what I wrote so many times: Bitcoin can correct to $90,000 or less. I remember that on my advice, a lady sold her Bitcoin for $100,000 and lashed out at me, as did some readers, because according to her and them, she should have waited until $105,000. Since then, I have lost count of the times I have seen Bitcoin at $92,000. It is a law of the market to take profits. This lady, if she is still in the market, could buy back at $91,000 and when Bitcoin hits $130,000, multiply her money or sell again at $105,000, which is what made her cry so much, because we suffer more from what we stopped earning than from the losses.
Only Bitcoin is safe in this unstable market. Now is the time (doing the math correctly) to put part of your money in Bitcoin. To the question of whether it will fall further, I don't see it below $88,000, but I wouldn't expect it at that price. Even if it falls further, it will only rise again.
In times of market decline, it is natural to feel uncertainty and worry. However, remember that volatility is an inherent characteristic of financial markets. The important thing is to stay calm and not panic. Keep your focus on the long term and trust your investment strategy, and that includes having reliable currencies.
Don't forget that the market is a carousel, and after a fall, recovery always comes. Take advantage of this time to review your goals and adjust your investments if necessary. Remember that you are on this journey not only for the profits, but for the experience and learning that each situation offers.
I am here to support you as your secret friend. Keep the faith and keep going. Together, we will overcome any challenges that come our way in a market full of pitfalls and unforeseen events, but also opportunities.
With encouragement and empathy,
Giorgio Sferraza
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee.See T&Cs.
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