Bitcoin Nears Resistance: Time to Adjust Stops?
📈 Bitcoin has completed a technical pattern but is now approaching a significant resistance area, warranting caution.
⏳ While there might be room for one more upward push according to the 4-hour chart, a bearish divergence could follow, leading to a potential drop.
🛡️ For those currently in a Bitcoin trade, adjusting stop-loss orders is recommended to protect profits due to the weakened momentum and proximity to resistance.
Bitcoin: Bullish Setup Despite Market Jitters?
📈 Bitcoin shows resilience, maintaining a potential entry setup on the daily chart around the $76k support level, behaving better than traditional indices recently.
🎯 Upside targets are identified around $84k initially, with a further potential move towards $90k-$92k, possibly reaching $97k if broader markets rebound.
💰 A Dollar-Cost Averaging (DCA) strategy is presented using BuenBit, automatically buying small amounts weekly ($25) as a long-term investment/retirement approach.
Bitcoin Strategy: Short-Term Trade vs. Long-Term Hold
📈 The speaker successfully closed a short-term Bitcoin trade, capitalizing on recent market movements triggered by news events.
⏳ Despite short-term trading, the speaker maintains a long-term strategy of systematically buying Bitcoin every Wednesday for retirement, regardless of price.
📉 Bitcoin's reaction to recent positive news was considered underwhelming compared to traditional markets, with key support identified around the $77,000-$78,000 zone.
Bitcoin Plunges 17% in March: Is the Crypto Dream Over or Just Paused?
📉 Bitcoin experienced a significant 17% drop in March, partly due to unmet expectations regarding the US crypto reserve adoption method.
📊 Despite the drop, the stock-to-flow model suggests Bitcoin might still be significantly undervalued compared to its projected mathematical price.
📈 Regulatory developments, like Japan classifying crypto as financial products, could bring maturity and attract more serious capital, potentially supporting future price trends despite recent volatility.
Bitcoin: A Hedge Against Monetary Inflation
🚀 Bitcoin and gold serve as effective hedges against monetary inflation, which is the increase in asset prices due to money creation.
💰 Bitcoin is three times more sensitive to money creation than gold, making it a potentially stronger hedge in times of monetary expansion.
📉 While Bitcoin offers higher potential returns, it also comes with higher volatility, requiring a long-term investment perspective.
Bitcoin: Strategic Asset Amidst Political Speculation
🏛️ Donald Trump announced the creation of a strategic reserve including cryptocurrencies, specifically mentioning Bitcoin and Ethereum, among others.
🤔 There are concerns about potential insider trading, as a large leveraged position in Ethereum and Bitcoin was created minutes before the official announcement.
💼 The speaker supports a strategic reserve of Bitcoin due to its decentralized nature and properties similar to gold, but questions the inclusion of other cryptocurrencies with underlying companies.
📅 The speaker plans to continue investing in Bitcoin long-term (5, 10, 15, 20 years), emphasizing its resilience and independence from government actions.
