Bitcoin is having a period of down price action. With a likely much looser Fed policy coming in the next few months Bitcoin can be a strong play.
Take some profits?
Many inexperienced investors into Bitcoin over the last few months might be glancing nervously at the charts and wondering if now is the time to sell and take those profits.
While taking profits is always a good idea, nervousness over where Bitcoin is going next probably isn’t necessary. $26,500 could be a next target for the king of the cryptocurrencies, or even $25,000. Both are the next strong areas of support and a correction down to either of these would be considered very healthy.
Bitcoin or banks?
However, in the grand scheme of things Bitcoin is arguably the asset to hold, at least for the next couple of years or so. The banks are underwater currently, and it is only the Federal Reserve saying that it will backstop any of the “too big to fail” banks that allows the banks to survive, albeit at the huge cost of
We współpracy z: https://cryptodaily.co.uk/2023/05/does-todays-bitcoin-price-even-matter
