TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Cryptocurrency

People ‘Buy At Tip’ Instead Of ‘Buy At Dip’ of Bitcoin(BTC) Prices! It Is Good Or Bad? – Coinpedia – Fintech & Cryptocurreny News Media 2021

by souhaib
November 11, 2021
in Cryptocurrency
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


You might also like

6 Fantastic Uses Of Cryptocurrency

Where to Buy ETH Online?

Identifying a Suitable Platform from Biggest Cryptocurrency Exchanges

btcdrop

Crypto space especially Bitcoin is becoming impulsive day by day as the asset is also undergoing steep pumps and dumps. The dominant crypto yet again barged through the barriers to hit a new ATH at $69K which was pretty out of the blue. More surprising was the dip that followed the ATH that dragged the price close to $62800. The long liquidations may be the major reason, yet again many retail traders entered the deal at the wrong time. 

BTC price is manifesting huge volatility nowadays that paved way for many investors and traders to jump on the moving train. Despite knowing the fact that the price may retrace hitting a milestone, yet some opened new positions at the tip. However, ‘Buy At Tip’ is always not a bad idea as history says Bitcoin is always profitable.

btcprice
Source: Tradingview

In the present bull run since the beginning of 2021, BTC price has hit ATH nearly 6 times. Interestingly, each time the price has retraced more than 25%. And further, the asset jumps more than 40% and sometimes 70% to hit another ATH. However, the current plunge is less than 10% where the asset managed to consolidate quickly after recovering nearly 4%. And hence, the price is likely to resume its uptrend to hit another ATH above $70K very soon. 

Currently, the BTC price as mentioned has recovered from bearish divergence and currently consolidating very close to $65,000. The plunge is just a correction, not a bear market. And as said by a popular analyst Micheal de van Poppe, as long as Bitcoin prices s above $57K to $59K, all is fine, even if it includes some period of consolidation. 

Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.



Source link

Share this:

  • Twitter
  • Facebook
  • More
  • Pinterest
  • Telegram
  • Email
Share30Tweet19
Previous Post

SINGER M1000 Mending Sewing Machine, White Discount

Next Post

How to clean the beauty blender without evaporating.. in the microwave or with coconut oil

souhaib

Recommended For You

6 Fantastic Uses Of Cryptocurrency

by souhaib
May 19, 2022
0

While cryptocurrency is definitely a trending topic these days, many people are still unsure of how exactly they could make the most of it. In fact, even 14...

Read more

Where to Buy ETH Online?

by souhaib
March 21, 2022
0
Where to Buy ETH Online?

Have you decided to invest money in ETH? It’s a good choice as Ethereum is a leading coin in the crypto market. It has a great potential to...

Read more

Identifying a Suitable Platform from Biggest Cryptocurrency Exchanges

by souhaib
March 8, 2022
0

There are some biggest cryptocurrency exchanges in the market that are known and used all around the globe. However, these platforms offer various services and are not suitable...

Read more

Fantom(FTM), Loopring(LRC) Price Eye Another 20% Upswing, While Avalanche(AVAX) May Witness a 10% Plunge! – Coinpedia – Fintech & Cryptocurreny News Media 2021

by souhaib
February 7, 2022
0

With the Bitcoin price gaining huge strength, the entire crypto space is gaining a good bullish momentum. And hence as the Ethereum price comfortably hovering above $3000, the...

Read more

Where to buy SuperFarm (SUPER) coin: it is up 24% today after Coingecko listing 2021

by souhaib
February 7, 2022
0

The price of the SuperFarm (SUPER) coin has been rising since mid-January and the bullish momentum gathered momentum after today’s listing on Coingecko. To help investors and traders...

Read more
Next Post

How to clean the beauty blender without evaporating.. in the microwave or with coconut oil

No Result
View All Result

Recent Posts

  • An island and a long border… Moscow’s concerns about Sweden and Finland joining NATO | News reports
  • A judge blocks the decision of the Biden Administration to suspend Title 42
  • Jon Gosselin Attempts Comeback That No One Is Particularly Excited About
  • San Francisco archbishop says Pelosi cannot receive Communion
  • Will Smith’s Letterman Interview Hits Different Post-Oscar Slap

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.