If $40000 falls, I won't be shocked to see $20000 of Bitcoin this time next year. In fact, the market has been highly speculative, even the so-called Wall Street institutions have entered, can not prove that the market is very mature. Because there is no regulation, a so-called decentralized market, is controlled by some central institutions. An inappropriate example, like a group of 21st-century, heavily armed thugs, traversed a primitive tribe that was still slash-and-burn. At this time, the original order was broken, the original rights were subverted. Is the current direction of the development of digital money the original intention of Nakamoto? Is there a community spirit that would have challenged totalitarianism? When Bitcoin becomes a tradable commodity, its intrinsic value may have become a tool for some people to profit. Since it is highly speculative, then the boom must have plummeted. So I think if the $60,000 head is confirmed, there should be a one-year adjustment cycle, and the decline is not an exaggeration in history. Advice: traders should know what their purpose is. If you are a believer, you should reflect on whether your faith can withstand the test of time. If you confirm that this is the right decision, please do not look at the market with a gambling mentality, you should stay away from secondary market transactions. If you are a speculator, don't think about any short, you have to make a difference, your biggest risk is that the money is locked up. In a market without fundamentals, charts and indicators are the tools you can rely on, and the right side is your good friend.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.