Bitcoin in the danger zone. Where will it go?
Bitcoin has been on a good run. Currently it is, once AGAIN, stuck in the long-term trend-line. With the equity markets in La-La-Land and geopolitical tensions rising, investors are looking for a safe-haven to preserve their wealth in case sparks start flying after the Fourth of July, but with Bitcoin's volatility the idea of preservation quickly goes out the window after a 40% drop. Investors are weary and traders are cautious. People have made money and sold but buyers are still there.
Where will Bitcoin go? Well, let's see what happens in the next few days not just with Bitcoin but around the world. If equity markets begin to drop, or if the USA decides to start a war with Iran, Bitcoin could see a sharp rise in price as fear overcomes greed.
Where will Bitcoin go? Well, let's see what happens in the next few days not just with Bitcoin but around the world. If equity markets begin to drop, or if the USA decides to start a war with Iran, Bitcoin could see a sharp rise in price as fear overcomes greed.
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