Bitcoin price prediction!
My prediction is simple and continuous, as I have highlighted in my previous analysis's and price predicition on a weekly and daily chart basis, I consolidate on the idea that we are midd way in our short term bear market.
Fundamental aspects have pushed the bear market even faster and deeper and will continue to do so. Bitcoin is not a safe haven, it is a store value, so in bad times, the question to ask yourself is, do I understand what the meaning is of cryptocurrencies, cryptocurrencies, are a way in first instance to facilitate transactions and peer to peer business, however in bad economic times where cash flow differs from normal economic periods, we shall consider his utility appropriately.
Buying bitcoin or cryptocurrencies without you knowing what the product is for or you don't have any idea if you really need it, is like buying an expensive car you don't know how to ride, because everybody has one, to later sell it with a negative premium.
I am still in an open position with different profits closed already, however after each confirmation an additional margin position is added and liquidity performed when necessary.
Fundamental aspects have pushed the bear market even faster and deeper and will continue to do so. Bitcoin is not a safe haven, it is a store value, so in bad times, the question to ask yourself is, do I understand what the meaning is of cryptocurrencies, cryptocurrencies, are a way in first instance to facilitate transactions and peer to peer business, however in bad economic times where cash flow differs from normal economic periods, we shall consider his utility appropriately.
Buying bitcoin or cryptocurrencies without you knowing what the product is for or you don't have any idea if you really need it, is like buying an expensive car you don't know how to ride, because everybody has one, to later sell it with a negative premium.
I am still in an open position with different profits closed already, however after each confirmation an additional margin position is added and liquidity performed when necessary.
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