Recently, the price of Bitcoin has fluctuated greatly, but some people think that Bitcoin may reach 52,000. What is going on?
First of all, as more and more countries pass ETFs, the big bull market needs everyone to pull the market together. Institutional pull requires a process of collecting and sorting chips, and institutions look at the cycle longer, so they are not in a hurry to buy the bottom.
Secondly, although the Fed's interest rate hike has messed up Japan, South Korea, and Southeast Asia, it has not yet harvested the Eastern powers. The entire international situation is still very dangerous, which may also have an impact on the price of Bitcoin.
Finally, the bottom of the banker is the result of a joint consensus, so don't rush to buy the bottom. It is recommended to do a swing before July. If Bitcoin falls below $60,000, it is recommended to stop some positions and cover positions near $52,000. Although the price of Bitcoin fluctuates greatly, as long as we look at the market rationally and do a good job of risk control, I believe we can all benefit from it.
The price of Bitcoin fluctuates greatly, but there is still a possibility of rising. We must look at the market rationally and do a good job of risk control to gain benefits in this market.
