Investing in Bitcoin (BTC) can be an excellent strategy, but it requires careful planning. Here is a practical guide focused on BTC:
1. Understand the current Bitcoin scenario
• Uptrend or downtrend?: Check if BTC is in a bull market or bear market.
• Halving: The next halving event (reduction in block reward) is scheduled for 2024, which historically increases the price in the long term due to the reduction in supply.
2. Purchasing Strategies
a) Buy and hold (HODL)
If your goal is long term, consider buying now and holding on to expect appreciation in the coming years.
• Why?: BTC is limited to 21 million units, which makes it scarce.
b) DCA (Dollar-Cost Averaging)
• Invest fixed amounts periodically (weekly or monthly).
• This reduces the impact of volatility and avoids buying everything at price spikes.
c) Swing Trade
• If you prefer short/medium term profits, take advantage of BTC volatility.
• Use tools like RSI (Relative Strength Index) and Bollinger Bands to identify entry and exit points.
3. Set Price Targets
• Support and resistance: Identify critical levels on the chart. Example:
• Current support: Between $30,000 and $35,000 (hypothetical, depends on the moment).
• Resistance: Above $40,000, where it may face difficulty moving up.
• Use platforms like TradingView to set goals.
4. Security when investing in Bitcoin
• Store in a digital wallet:
• Hot Wallet: Exodus, Trust Wallet.
• Cold Wallet: Ledger, Trezor (greater security for large amounts).
• Never share your seed phrase.
5. Follow news and the global market
• The price of BTC is influenced by:
• Interest rates in the USA (Federal Reserve).
• Government regulations (such as SEC rulings).
• Institutional adoption (e.g. companies like Tesla).
6. Useful Tools and Tips
• Platforms for analysis:
• Glassnode: On-chain data (BTC flow to exchanges, whale behavior).
• CryptoQuant: Monitoring market metrics.
• Price alerts: Set up on apps like Binance or CoinMarketCap.
$BTC is currently valued at around $101,000, with significant movements in the last few days. In 2024, projections indicate a price range between $54,000 and $146,000, depending on market conditions and macroeconomic events. Analysts believe that the next major catalyst for Bitcoin will be the halving (reduction in the reward per block mined), scheduled for 2024, which could reduce supply and put upward pressure on the price in the medium to long term.
If you’re considering investing, keep in mind that volatility is high, and risk management strategies like buying in small quantities regularly (DCA) can help minimize the impact of negative fluctuations. Also, keep an eye on factors like regulations and technological developments that could influence the crypto market in the coming months.
