Why Right Now is the Best Time to Buy Bitcoin

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▶️ Watch on 3Speak

Last week was a pretty bullish week for most markets. Everyone was pointing at the FOMC and we also got a nice spike across the board for crypto and TradFi.

The real question is: will this bullish relief continue or will the bears take us back down to sub $20k Bitcoin?

Nobody really knows the answer - otherwise we'd all be billionares.

Mitch and I talk about some of the things we're looking at right now.

One of the things I love about our marketwatch is that Mitch is primarily a Technical analysis guy and I am much more a fundamental analysis guy.

It gives an interest take on both sides of the spectrum when we do these. And you guys seem to love them, so we'll keep them rolling out each week!

  • Last week was pretty bullish, everyone was pointing at the FOMC
  • Big Tech performed well and the market responded to the current limbo status - are we recessionary or not? Is inflation under control?
  • The job market was pretty positive and broke expectations
  • BTC is at 22,900 - Low range of where we've been
  • Khal's buying BTC at these prices
  • The FED did what everyone expected and the market reacted well on it
  • If BTC drops from this range then we'd have a recession confirmation probably
  • Cat sees a 19-25k bounce for a while
  • A consolidation year is a positive looking forward to the next halving in 2024
  • Yet a lot of people think that we'll see a bull market this summer
  • Cat does a broad analysis of the past couple years and goes back to analyze the recent cycles
  • Khal and Cat go about predictions between them and the audience

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5 comments
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I think the best thing to be doing at the moment is to keep engaging in DCA strategy because it is effective.

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I really wish we could have a stable price of Crypto after when it has been fluctuating for a very longer period

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(Edited)

Proponents of Bitcoin argue that it has the potential to become a widely adopted currency and store of value, given its decentralized nature, limited supply, and security features. They believe that as more people and institutions adopt Bitcoin, its value will increase, and it will become a mainstream asset class.

This is all just main stream media, in the long run gov's will have the last say. Limit the powers, drones will follow.

Posted Using LeoFinance Beta

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