The problem many have in investing
“Many investors run into trouble when a market maker starts looking for an exit opportunity, only to discover that they thought of investing at the wrong moment.”
. Investing is not a familiar or old profession, but rather a field that has not been passed down through generations. What makes it more complicated is that this field has attracted the smartest minds in the world. Do you realize that you are competing with thinkers and minds that have used all their knowledge, experience and money to seize the opportunities you are looking for?
Hence the important rule: don’t rely on rules that would apply to the traditional market. For Bitcoin, the big rule is that you shouldn’t buy in a bull market, but in a bear market. When the buzz around a commodity starts, it’s too late to buy.
Latest news and its impact on the market
“Bitcoin is not a threat to the dollar, federal policy is.”
Donald Trump talking about cryptocurrencies.
After Trump’s victory, the cryptocurrency market cap surged by about 24%, jumping from $2.3 trillion to $2.8 trillion, adding more than half a billion dollars to the market from small wallets alone, due to Trump’s pledges to support the cryptocurrency community. Trump also brought in Elon Musk, the supporter of Dogecoin, which saw a surge of more than 120% after Trump’s victory.
Expectations continue to rise, as Trump has pledged to provide a strong infrastructure for cryptocurrencies, as well as reduce taxes on mining. He is also a major investor in the sector, and has chosen figures who believe in the idea of economic decentralization.
Conclusion:
The US government’s, and Trump’s in particular, leaning towards cryptocurrencies is a strategic move in light of the difficult US economic situation. A policy of resisting this technological shift will not be beneficial, especially in light of the potential threat to the dollar’s dominance. The US government’s strong support for cryptocurrencies opens up a promising future, as liquidity has not yet fully flowed in. A lot of big money is waiting for a government signal, and expectations indicate that the US may buy Bitcoin soon, which means that the market has not yet begun.
Technical price analysis
Statistics are what determine the value of the economy.
1. According to the NDM model, Bitcoin is expected to have peaked at the moment, which means a correction is imminent.
2. Based on price behavior in previous years, the years following the halving were marked by strong bullishness, not the halving year itself. Bitcoin’s bullishness usually starts in October and peaks in March.
3. Recent buying was centered at 70.
4. There are many technical patterns that indicate that the uptrend will continue.
Conclusion:
The price is likely to continue rising, with money flowing into Bitcoin until it reaches the 70 levels. However, due to the excessive greed in the market, a small correction is possible, and the potential decline may be towards the 68 - 75 levels, which will constitute buying opportunities targeting the 94 level, then 140 at the beginning of next year.
Rye
The huge growth in the market will not be limited to Bitcoin only, but will expand to include many digital currencies, provided that they are able to attract liquidity. This depends mainly on the structure of the currency, its number, and its purpose. Therefore, it is important to choose currencies carefully, and not make your decisions based on the influence of the media or exaggerated expectations.
