SHOULD WE BUY & HOLD BITCOIN IN 2023?

17 Jan 2023

On 2nd August 2019, Do you remember?
"Slap yourself, if you sold BTC under $10,000" - Binance CEO Changpeng Zhao

Let's back to 2020, specifically March 2020.
BTC was below 10k, 7 months after the published tweet at $3,782.13

Holders filled their bags to sell at $64,854 on April 2021, then dumped again at 69k on November 2021
BTC down-trended slowly to 15k level until November 2022

Note:
~ 450 days left on 4th halving of Bitcoin 2024, block reward will be decreased to 3.125 BTC
BTC is a proof of work (POW) which means to mine 1 BTC you have to pay $$$ for power (Energy).
I think you got what I mean about (Energy).


Will we see BTC at 10k?
90% No.
10% Yes, if something really bad happens in crypto market.

Crypto market is very volatility market, day in green and the other week in red.
New investors are still afraid to put their $ in crypto market, who bought above 60k level still waiting...

If you are a mid-term investor or a long-term investor, just buy and hold.

• Rare opportunity below 10k
• Excellent opportunity between $13,914 - $18,671
  
• Good opportunity above 19k - $24,400
  

If you are a pro trader, try to handle and get profit as long as BTC below 24k level.

There is a strong resistance at 25K
If BTC does break up 25K level, we will see 28k then $30,300 for a short-time.
If BTC does break down $20 level, we will see $18,671 and 16k levels again.

DECIDE AND TRY TO MANAGE YOUR WALLET WITHOUT LOSING. HAPPY TRADING ;)

6 Mar 2023

Trade aktif

BTC declined to stay above 25K, and goes down to $22,400 level. We can see 20k level again.

Pro Traders: Scalping between $24,700 - $20,150 at your own risk.
Mid-term & long-term investors: Buying below 24k level is still a good opportunity.

Note: Mt. Gox payouts can affect on bitcoin prices.

13 Mar 2023

Trade aktif

BTC declined to stay below $19,800 and goes up to 24k level again.
We have to see BTC stable above 25K level to verify $29,500 level.

Pro Traders: Scalping between $25,200 - $18,600 at your own risk.
Mid-term & long-term investors: Buying below 24k level is still a good opportunity.

Note: SVB news, next federal meeting on march and Mt. Gox payouts can affect on bitcoin prices.

2 Apr 2023

Trade aktif

BTC couldn't stay above $29,150 and dumped to $28,500 level.
We have to break up $29,500 level to verify 33k.
If we doesn't stable above $29,500, we might see 24k level again.

Pro Traders: Scalping between $29,350 - $25,860 at your own risk.
Mid-term & long-term investors: Buying with 35% above 25K level and 65% below 25K is a good idea.

Note: Avoid fake news and be aware of Mt. Gox payouts can affect on bitcoin prices.

11 Apr 2023

Catatan

BTC did break up $ 29,500 level and it's trying to be stable above 30k

Handle your trade with SL.

3 Jun 2023

Catatan

BTC couldn't stay stable above 28k level.
We will see $25,700 and $25,400 levels again.

Note: Avoid fake news and be aware of Mt. Gox payouts can affect on bitcoin prices.

2 Jan

Catatan

As we follow monthly chart. BTC looks in a great move. We were stuck at $32,000 level on July 2023 but we broke $33,000 and built a solid support at $36,700 on November 2023.

What's next?
- According to April 2022, BTC couldn't survive above $47,444 and dumped to $20,000 level. On January 2024, BTC will try to break the resistance level of $47,100. That level is the KEY to $51,000 level.

Note: Always, Set your stop-loss and get some profit to reload your trades.