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Buy Bitcoin Now, But Take Care

From reports.tiger-research.com

Two weeks back, I wrote that Bitcoin would likely not pass $100k yet. Price hit $99k briefly, then fell. It now trades flat under $90k. Most ask the same thing: “Is it time to buy?” To start: yes. It is a good time to buy in parts. But you must set a tight stop loss. {chart} Price sits safe above the $87.9k (Active Realized Price). This is the mean cost for active buyers. {chart} It acts as a break-even line for the whole market. After the 2022 crash, it took a year and a half to reclaim this level. Since price dipped and came back up, the market can breathe. Watch this point close. Use it as your cut line. Also, ... (full story)

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  • Category: Technical Analysis