Bitcoin is now officially at the best time to buy
With this week’s negative news largely out of the way, high oil prices, and intense risk aversion ahead of the FOMC meeting, Bitcoin has held at 79,000 and formed a base above that level. So far, however, it has pulled back nearly 10% from its high, and most of the negative news has already been priced in. Below 80,000 is the best entry opportunity, allowing you to get in at a cost below 80,000. The main reason for this downturn is risk aversion, not bearishness toward Bitcoin itself. Once risk aversion fades after the FOMC meeting, Bitcoin will reclaim 85,000 within a week—and there will never again be a chance to enter at a cost below 80,000.
With this week’s negative news largely out of the way, high oil prices, and intense risk aversion ahead of the FOMC meeting, Bitcoin has held at 79,000 and formed a base above that level. So far, however, it has pulled back nearly 10% from its high, and most of the negative news has already been priced in. Below 80,000 is the best entry opportunity, allowing you to get in at a cost below 80,000. The main reason for this downturn is risk aversion, not bearishness toward Bitcoin itself. Once risk aversion fades after the FOMC meeting, Bitcoin will reclaim 85,000 within a week—and there will never again be a chance to enter at a cost below 80,000.