Bitcoin In The $30k Zone As The World Falls Into Chaos! Where Will The Price "Pull" To?
Originally Posted: Publish0x
The price of Bitcoin, at the time of writing these lines, remains in the $30,000 area, surpassing all other currencies and assets in the world. Meanwhile, the planet faces a series of economic, political and social crises that threaten to destabilize the global order (if order ever existed in this world). What has driven this incredible rise in Bitcoin? There are many factors that have contributed to the rise of the most popular cryptocurrency in the world, dragging the rest of the crypto ecosystem upward with it. Among the most obvious causes are the growing adoption of Bitcoin by institutional investors, the increasing scarcity of supply, improvements in network infrastructure and security, the diversification of investment options in the ecosystem, among many others.
And now that? Where will the price of Bitcoin go? Technical indicators reveal that market sentiment is bullish, a sentiment that currently oscillates between buy and strong buy, greed and extreme greed. Everyone now wants to buy bitcoin because "IT'S GOING TO THE MOON", is it? or it's just a shoulder-head-shoulder formation, or the top of a range.
Technical analysis of one day and four hours taken from TradingView.
Where the price of Bitcoin will go in the next few hours or days, no one knows for sure (at least no one like us, the plankton of the ocean), however I am seeing how the "masses" are flocking to an "animal" that goes up a hill and that at some point, sooner rather than later, it will "shake" leaving many lying on the ground, and then continue on its way (referring only to those of us who operate Futures).
It is always "healthy" to remember that investing in Bitcoin is a risky and challenging activity, not suitable for the public who does not have a certain level of "culture" in the crypto ecosystem. My recommendation, if you are new, is to invest in yourself, educate yourself, study, learn, then you will have time to face this market with more solid foundations.
Bitcoin is undoubtedly the most surprising and impactful phenomenon of the 21st century, surpassing all expectations, challenging all norms and changing, forever, the way we understand and use money.
Now I ask you, do you invest in Bitcoin or another cryptocurrency? What is your price projection for the next hours and/or days?
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Author's Note: The opinion expressed here is not investment advice, is provided for informational purposes only, and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decision. I do not recommend investing money that you cannot afford to chair, as you could lose the entire amount invested.
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