Virus is spreading, markets are crashing, long Bitcoin!
Long term bitcoin outlook
Many much smarter people than me believe that as banks intensify their quantitative easing and rates go to 0, bitcoins case as a new new international monetary system stands stronger than ever.
With futures going in backwardation and derivatives funding rewards longs, we could see bitcoin reaccumulate and bounce strongly towards a brighter future.
Personally I'll be buying spot in levels bellow 5k and start leveraged longs after clear longer term bullish starts forming. Bitcoin reclaiming any previously lost support would be a signal for additional risk managed longs.
Many much smarter people than me believe that as banks intensify their quantitative easing and rates go to 0, bitcoins case as a new new international monetary system stands stronger than ever.
With futures going in backwardation and derivatives funding rewards longs, we could see bitcoin reaccumulate and bounce strongly towards a brighter future.
Personally I'll be buying spot in levels bellow 5k and start leveraged longs after clear longer term bullish starts forming. Bitcoin reclaiming any previously lost support would be a signal for additional risk managed longs.
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