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07.01.202213:14 Forex Analysis & Reviews: Trading tips for Bitcoin

Long-term review

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Bitcoin lost roughly $ 30,000 over the past 3 months, which is almost 40% of its highest price. That opens excellent opportunities to buy the cryptocurrency at a good price.

Considering that Bitcoin is approaching $ 40,000, which, on the one hand, is an important support-resistance level, and on the other, an important psychological level for players on both sides (bulls and bears), not to mention there is a support level (oblique red line on the chart), which is also well seen by players and from which purchases can proceed, investors can set buy limits without using leverage under $ 40,000. If the price does not reverse from $ 40,000, long positions can be taken from $ 30,000 to $ 35,000. That is half of Bitcoin's growth over the entire period of its existence. In other words, you buy Bitcoin at half price with zero risk

Crypto is a long-term investment and is designed to be developed without leverage.

Good luck and have a nice day!

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