I bought $100k worth of more $BTC today while everyone else is panicking.
I still believe Bitcoin’s final bottom is below $55K, with $52K being the most important level I’m watching. A deeper flush toward $48K-$50K is still possible if fear accelerates.
But waiting for the perfect bottom may lead me miss the opportunity. And I think I should start buying from here because I have more than $800k capital in backup and my liquidation price is too far.
Also Bitcoin is already trading near major support between $56K-$58K. If price eventually reclaims $60K and starts pushing higher, the same people calling for lower prices today will suddenly become bullish.
The big profits are typically made by investing in fear, rather than in confirmation.
#BTC
I still believe Bitcoin’s final bottom is below $55K, with $52K being the most important level I’m watching. A deeper flush toward $48K-$50K is still possible if fear accelerates.
But waiting for the perfect bottom may lead me miss the opportunity. And I think I should start buying from here because I have more than $800k capital in backup and my liquidation price is too far.
Also Bitcoin is already trading near major support between $56K-$58K. If price eventually reclaims $60K and starts pushing higher, the same people calling for lower prices today will suddenly become bullish.
The big profits are typically made by investing in fear, rather than in confirmation.
#BTC