Oh my god! I wasn't expecting this huge rise of the Bitcoin price.
From $29,800 to $31,800 at the time of writing in 24 hours. Things are boring in crypto until they aren't.
In fact, I was expecting a correction to the lower 20k levels. I thought that the 30k resistance was stronger. It's time to say:
I WAS WRONG
And this will happen again a bunch of times. I'm not a good short term trader, for this reason I've decied to take a long term approach.
I've decided to buy slowly during the bear market and now I'm starting to see the benefits. I was never worried that the prices could go lower, because I knew that I would buy more anyway.
In fact my portfolio is already in profit and at 2023 all time highs. I'm super happy to be at this position with the Bitcoin price at -50% from highs.
In the coming months we will have:
- Bitcoin ETFs approved
- Bitcoin halving
- And another thing that is 100% certain, FIAT Debasement.
In the last bull markets Bitcoin pushed the entire crypto market up, but at the initial stages Bitcoin was the only one raising in price. I’m not seeing exactly the same pattern but Bitcoin is gaining dominance against altcoins. It means that Bitcoin is raising more than the other assets.
I based the core of my strategy on this theory: Bitcoin will rise first, and altcoins will follow.
It's partially happening, and so far it has been proved a good decision. I love to have +50% of Bitcoin allocation.
The coming months will be awesome!