We seen a nice rally yesteday which indicates that bulls are in favor to push the price up.
Today I expected that bears would push the price down a bit, but the price remained above the local support.
Whole western world is in panic, but China reportedly took immediate action in maintaining the strong financial position and they are buying foreign stocks, cryptocurrency, ect.
There are two group of people. One say that Bitcoin will rech new low levels and the other say, that Corona was already priced in that dump.
Which one are you? What do you think?
I think it is smart to have a good average price. And buying in these two weeks were most definitely a right move to make since Bitcoin surget over 75% from the last decline.
Good average price & Exit strategy are the keys in this situation.
Stay safe.
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