🔥 Dig for the Bitcoin bottom week 24
I always buy Bitcoin on Monday mornings every week regardless of the price.
Today the market is at 64k, so I keep buying more coins.
At this point I’m also observing whether this price range has already formed a bottom. I have that thought for the following reasons:
1. There are lots of negative news, but the price doesn’t drop further —> sellers have already sold.
2. The price has increased but not strongly; it’s still rather stagnant —> most people are still skeptical.
3. Big institutions are shifting toward AI instead of crypto, so not much money has flowed in yet. Then we just wait for the capital that is already familiar with and accustomed to crypto to return.
4. In terms of analysis, we can see the weekly price chart and the RSI disagree with each other, and the RSI is moving up from the 30 area. The last time I saw this was in 2022 at the bottom.
You can also use my thoughts as reference.
Wishing you a happy start to the week 😄
⚠️ Information is for reference only, not investment advice
#bitcoin #btc $BTC
I always buy Bitcoin on Monday mornings every week regardless of the price.
Today the market is at 64k, so I keep buying more coins.
At this point I’m also observing whether this price range has already formed a bottom. I have that thought for the following reasons:
1. There are lots of negative news, but the price doesn’t drop further —> sellers have already sold.
2. The price has increased but not strongly; it’s still rather stagnant —> most people are still skeptical.
3. Big institutions are shifting toward AI instead of crypto, so not much money has flowed in yet. Then we just wait for the capital that is already familiar with and accustomed to crypto to return.
4. In terms of analysis, we can see the weekly price chart and the RSI disagree with each other, and the RSI is moving up from the 30 area. The last time I saw this was in 2022 at the bottom.
You can also use my thoughts as reference.
Wishing you a happy start to the week 😄
⚠️ Information is for reference only, not investment advice
#bitcoin #btc $BTC