Lots of signs that Bitcoin & crypto have hit bottom for this cycle into the panic that began on Friday...which retested the February bottom. While people will focus on $60k not holding. To me that's not as important as seeing the price surge right off $59k during off market hours. Off market hours are less liquid and so if there was selling..follow through selling & we'd have seen Bitcoin & crypto crash more. So for me I'll go out on a limb and say this is the cycle bottom for Bitcoin & crypto. In Mampilly Research portfolios we'll sell out some crypto related stocks & ETFs that hit stop losses on Monday. But we'll add those right back after 30 days. We wait 30 days to avoid creating wash sale complications for members.

Share






Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.
