Bitcoin or crypto in general is going to zero if you like it or not.
For the moment I am looking for a buy opportunity as everyone is scared and want to cash out.
The biggest question that you should ask yourself is why bitcoin is going up and why is going down ?
One thing only which is squeeze.
Long and short squeeze.
Back in 2017 the only reason bitcoin was going up is because of short squeezing if that is a term.
Amateur Traders kept shorting looking for the top " with the help of the crypto delusional of course thinking that bitcoin is their lotto ticket" they are forced to close their position "AKA long bitcoin or buy Bitcoin" which leads to increase in price.
The opposite happened few months ago:
Plenty of traders were shorting the 6k area, gets a pump to 7k they are forced to close "Buy bitcoin"
The most likely scenario that is going to happen now is to spread fear and uncertainty so everyone goes short.
That is your moment to buy to ride with another short squeeze.
This is not some financial advice but I will be buying from 9.2k to 8.8k area.
But again Bitcoin is going to zero it is just a matter of time
Cheers,
