Assalamu Alaikum
How are you friends! Hope you are well Alhamdulillah I am fine too. Friends, we noticed a few days back that Bitcoin has met its $100,000 target. With this Bitcoin made its new all time high which was at $104,088. Friends today we will talk about whether it is a good time to invest in Bitcoin and where to set our sell target. Friends today Bitcoin is above 98 thousand 6 hundred dollars.
See currently the crypto market is slowly coming in volume due to which we are seeing pumps in the coins in the market and at the same time we can see an upward trend. But still we can't see any good and big pump in alts coins. A special reason for this is that Bitcoin's dominance in the market is still relatively high, which is more than 54 percent When Bitcoin's dominance declines a bit more we may see a nice big pump in alts coins .
However, Bitcoin is down as much as 4.25 percent today. Recently we have seen Bitcoin cross $100,000 and after that we saw a fairly good correction And it was a very natural thing to happen. Because many retailers from big investors invested in Bitcoin and the target was 1 lakh dollars. Also, Bitcoin's $100,000 mark was a very important boundary. Which Bitcoin broke yesterday and made another all time high with it. And that's when the dump on Bitcoin started.
However, if you want to take fresh entry in Bitcoin then you can take 1st entry below 98 thousand dollars and for 2nd entry you have to wait till 95 thousand dollars. And if for some reason you bought while it was above, the right place for your DCA is $93,500. See, since the market has given a big dump, it will rebound very soon and you can target $1 lakh, $140,000 and $150,000 for short term. But if you want to invest for long-term, you can keep the target up to 1 lakh 50 thousand. Because in this bullrun we can easily see it in this position. Also, we can see big pumps in the market for the coming Christmas .
Friends the market is in a very good condition right now. And besides Bitcoin, other coins are performing quite well. Anyway guys that's all for today, see you again with a new post. I am ending here wishing everyone good health.
https://x.com/youshamunna4/status/1865057183450513807?t=5Oqy3hxlyzPusgCCtnzJsw&s=19
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Upvoted! Thank you for supporting witness @jswit.
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It is a great post of Crypto Market Update [Good News].
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Thank you
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Great analysis you gave here concerning Bitcoin, hopefully we continue to make new all time highs in the foreseeable future.
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Thank you so much dear friend. I hope also...
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