You should not panic during this dip; rather, you should understand what is causing it and how to benefit from it.
This dip came due to the underwhelming American Strategic Bitcoin Reserve and Digital Asset Stockpile.
The US government basically said they won't sell their
BTC and won't buy more, at least for now.
BTC closed below $87.3k yesterday (yellow line), and this suggests there may be some short-term downside.
However, this dip has made many altcoins very cheap, and it is a great time to look for strength as we wait for the next trend to emerge.
It is also worth noting the macro environment (excluding tariffs and the trade war FUD) is turning in our favor!
So use this time to research and position yourself for the next leg up because THIS BULL RUN IS NOT OVER!
This dip came due to the underwhelming American Strategic Bitcoin Reserve and Digital Asset Stockpile.
The US government basically said they won't sell their
BTC and won't buy more, at least for now.BTC closed below $87.3k yesterday (yellow line), and this suggests there may be some short-term downside.However, this dip has made many altcoins very cheap, and it is a great time to look for strength as we wait for the next trend to emerge.
It is also worth noting the macro environment (excluding tariffs and the trade war FUD) is turning in our favor!
So use this time to research and position yourself for the next leg up because THIS BULL RUN IS NOT OVER!
Disclaimer
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.
Disclaimer
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.