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Trade the longer cycle. Bitcoin is here to stay. $45,600 price point is inevitable. However we might still visit down to $20,000 range as we're way over extended on RSI. Price is driven greatly by emotions at this time and smart money is waiting patiently the next move. I hope for the healthy correction to accumulate additional BTC. Otherwise, keep an eye on the Fib levels and take some profit once in a while to have additional cash at hand for these correction periods.
Trade the longer cycle. Bitcoin is here to stay. $45,600 price point is inevitable. However we might still visit down to $20,000 range as we're way over extended on RSI. Price is driven greatly by emotions at this time and smart money is waiting patiently the next move. I hope for the healthy correction to accumulate additional BTC. Otherwise, keep an eye on the Fib levels and take some profit once in a while to have additional cash at hand for these correction periods.