Waiting for the market to give you a perfect $BTC entry because of potential rate hikes could mean missing the move altogether.
Look back at November 2022. Bitcoin formed its bottom, and the Fed still delivered another rate hike just three weeks later, followed by three more over the next five months.
BTC held that bottom through the hikes and still gained nearly 100% during that period.
We saw something similar in 2018. Bitcoin bottomed just days before another rate hike and continued recovering into year-end.
Bottoms are usually about seller exhaustion and capital coming back in. Macro uncertainty doesn’t necessarily need to disappear before Bitcoin starts recovering.
If volatility creates pullbacks into year-end, I’d rather use them to build a position gradually than sit on the sidelines waiting for the perfect setup.
#BitcoinFalls4%
Look back at November 2022. Bitcoin formed its bottom, and the Fed still delivered another rate hike just three weeks later, followed by three more over the next five months.
BTC held that bottom through the hikes and still gained nearly 100% during that period.
We saw something similar in 2018. Bitcoin bottomed just days before another rate hike and continued recovering into year-end.
Bottoms are usually about seller exhaustion and capital coming back in. Macro uncertainty doesn’t necessarily need to disappear before Bitcoin starts recovering.
If volatility creates pullbacks into year-end, I’d rather use them to build a position gradually than sit on the sidelines waiting for the perfect setup.
#BitcoinFalls4%
