Bitcoin Seems To Be Holding On to $26K, but Here Are 5 Reasons Why You Should Prepare for a Sharper Correction.
Just a few thoughts, no guarantees as always.
In the past week, the price of Bitcoin has fallen by over 10% due to a massive liquidation of long and short positions. As always, the best advice I have for leveraged trading is this: DO NOT LEVERAGE TRADE. NEVER.
A simple golden rule to remember.
Since then, the price of Bitcoin has held the $26K mark.
Many believe that the price of Bitcoin will be able to resume its ascent toward $30K, while some continue to have doubts and imagine a more pronounced correction.
The second option seems more likely to me in the short term, for 5 reasons. As always, no guarantees. As you know, the only guarantees you have are those given by the Bitcoin protocol.
Just some thoughts to help you think through the subject on your own.
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