⭐⭐⭐Imagine you're aware that something will be valued at $100,000 in a few months, yet it's currently priced at $71,000.
If the opportunity arises to acquire it for $60,000, waiting for it to drop to $45,000 may seem unnecessary.
Many would seize the chance at $55,000 because it's deemed favorable. Hence, the likelihood of #Bitcoin plummeting to $45,000 appears slim.
💥💥Individuals who purchased Bitcoin between $55,000 and $65,000 are unlikely to offload it at $45,000.
However, if you're engaged in leveraged trading, caution is warranted.
If there's concern about potential financial repercussions, it may be prudent to exit the trade.
At times, accepting a loss proves advantageous for future opportunities.
💥💥The adage "You won't lose anything if you don't sell" isn't applicable to leveraged trading.
It's more relevant to long-term holders or short-term traders not utilizing borrowed funds.
Short-term traders anticipate a price rebound to $70,000, possibly swiftly or within a few months.
Long-term holders intend to retain Bitcoin for a minimum of 5 years, foreseeing its ascension as the next global currency amid the weakening US dollar.
