COVID19 is still here, Bitcoin doesn't care
Unfortunately, COVID19 is still there and we always have to stay safe and interact with as few people as possible. We hope you, your friends and your family are safe.
Now let's talk about Bitcoin: the value in USD of our favorite cryptocurrency has reached around 4700 USD recently ... as in all markets, the health crisis has greatly diminished and all bears was so happy with it. On this date, Bitcoin is worth 9200 USD! It's like a x2 in something like 2 months .... Seems like a bullish time!
in this chart we can see the sharp fall and the slow (but long) increase over time ...
t seems that the value of Bitcoin will grow a little more and soon reach 10,000 USD. As always, nobody knows exactly the future, but it seems that 10,000 USD is a pretty good rounded number, so after reaching it, we can expect a little more progress and finally after a little stagnation between 9600 and 10400 USD .
What to do now?
According to your position and your objective; we can not say.
But in my opinion, Bitcoin is still a currency to keep for a long time. So I will keep my Bitcoins for a long time, probably for years. Be smart and don't keep all your money in bitcoin either: your total value in bitcoin should not exceed 20% of all your money. Keep in mind that crypto-money is still a very risky value.
So to recap :
- I'll keep my bitcoin for now !
And what about you?
- Tell me in a comment what you are going to do: buy, sell, keep?