Should you long Bitcoin at this level ?
Hello traders, tough time for some of you because some of you will be in a position that can be at a loss currently but some of you are enjoying this dump and filling a bag with bitcoin and other alts. Here is the update regarding bitcoin price current movement.
- as we had almost 27% dump from the high and currently price is consolidating in the 50k zone. Watching this and I'll keep you updated with price future direction. If you are taking any position right now in the spot or future then make sure you use stop-loss, if the market goes against you will be REKT. Price can move in any direction as we don't have any confirmation of one direction, if it breaks below then we will see the price at 43k-45k or maybe lower.
Please don't get confused or scared, it just to give you an idea about future price movement so you will be prepared.
Any dought? you can ask me in the comment :)
- as we had almost 27% dump from the high and currently price is consolidating in the 50k zone. Watching this and I'll keep you updated with price future direction. If you are taking any position right now in the spot or future then make sure you use stop-loss, if the market goes against you will be REKT. Price can move in any direction as we don't have any confirmation of one direction, if it breaks below then we will see the price at 43k-45k or maybe lower.
Please don't get confused or scared, it just to give you an idea about future price movement so you will be prepared.
Any dought? you can ask me in the comment :)
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