Bitcoin: It Will Recover Sooner Thank You Think
2025-01-10
Category: None

Bitcoin continues in the same path as in the previous two days and there isn't much to consider nor worry about, it will recover and it will do so sooner than you think.

The action continues to happen above $90,000. The current low happened at $91,200. Short-term noise. Whatever happens in this short-term, we are going up —patience is key.

How to approach the market in a situation like this?

It all depends on your trading strategy, your capital and your goals.

If you are trading Bitcoin exclusively, what we are seeing is a support level being challenged thus a buy zone. The best approach to the market right now is a buy approach. Another approach is accumulation focused on the long-term.

Short-term traders can buy. Mid-term traders can buy and long-term traders as well. Everybody should be buying Bitcoin because Bitcoin will be moving up soon enough.

Selling is not recommended because it is impossible to know how far low it will go. Say you do sell and a reversal starts to happen the next day. This would mean having to buy at higher prices. A two points loss. The loss from selling low and buying high and also the missed growth potential.

Easy, easy and easier is to buy always as much as you can. You can consider selling later in 2025 when Bitcoin hits 150K.

If you trade beyond Bitcoin, right now the hot Altcoins are the hidden gems. These are the small cap. pairs, some are growing 100%, 200% and more in a single day. Of course, we still buy knowing that it takes time for a bullish wave to develop and for the market to grow.

Minimum we give a pair 30 days to move if we are focused on the short-term. If we focus on the mid-term, with a target range of 100-300%, we give it 1-3 months. If we are trading Altcoins long-term looking for strong growth, say between 300% and 1,000%, we have to wait 6 months or it can be more. 3-6 months or 3-12 months. And that's it. A year is the maximum waiting time,  but the market will be growing really strong within 2 months. 

Thanks a lot for your continued support.

Namaste.