Is Bitcoin Entering a bear market?
This bearish breakout and the round tops like to suggest to me that Bitcoin is entering a bearmarket for the next months. My guess and hope is it will hit the last ATH of 1150 around the end of this year. :-)
And now (saturday night) it's time for some beer market. :-)
I wish, that means I can buy more bitcoin at a better price while its still low!!!
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The popularity of cryptos is increasing. If we'll have a bigger pull back I'm not expecting smaller bottom, than 1600USD. But a good profit taking is never bad, just to be able to buy some more.
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It has only happened once that the course of bitcoin went on and didn't look back after an ATH, and that was with the transtion between the 2 ATH's of 2013. Every other time price came back from the last ATH to the previous ATH.
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I'm afraid it will. Just Hodl and never sell I guess :)
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I invest my portfolio in 3 parts :
if you'd be interesting in mining with genesis, best start with at least 2600usd plan, that and above gives the highest returns. It pays itself back within 6 months. Here's my 3% reduction code : 8p0ke4
:-)
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