In my recent post, I discussed the current up moment of Bitcoin. Many people believed that it was a bull trap. But Btc is acting like it’s not. I’m saying it because the crypto market is going crazy these days. The total crypto market cap is holding 1 trillion us dollars. Many other altcoins gained significant percentages.
We know that the cryptocurrency market is a very uncertain place and things that many people think do not happen, so we know that when there is a lot of negative news in the market, Bitcoin started to increase like this.
Let’s talk about our beloved steem coin. It’s gone up more than 60% since the last bottom and keeps increasing. But now it’s at major resistance. If it brakes the 0.25 level, we can expect a huge upside movement. I think it can be an explosive one this time. It’s better you take profits or sell your coins partially because it’s very difficult to predict the top of that movement. Let’s hope it will give us a chance.
Another possible upside is that we will start to get SBDs if the steem price rises more than 0.26usdt (correct me if I'm wrong). So we can generate more income. If you wish to power up all of your rewards, it’s your wish. But my opinion is that you may take some of it to do something useful for you. Because it’s your time and effort.
I have some doubts about this upside movement because the world is still in a major economic slowdown. Another issue is the rising conflicts among different giant nations in the world which may lead to war.
Thank you, friend!
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