Bitcoin had a rough week. Everyone who is in the cryptocurrency world knows that we should ecxpect drops like this and that drops are good. Warren Buffett says: “Be fearful when others are greedy, be greedy when others are fearful”.
The highest price last week on Kraken was around of $19.500. This time I didn’t take the effort to sell off Bitcoin and buy in when it’s low, simply because I had no clue what the high would be. And of course it did happen... it dropped... and it dropped low... all the way to $11.200. That’s a decrease of 42,5%. Imagine what kind of profits I could have made if I took the time to look in to this pattern I keep seeing.
Now I have my opinion for the next cycle and I’m really curious to find out if I’m right. My aim for the next high is somewhere between $26.000 and $28.000.
Let me hear your opinion on this and thanks for reading