What to do With Your Bitcoin Today, With the Price Below $40K?
What to do with your Bitcoin now that the price is below $40K? Simple. Hodl and buy as much as you can safely afford if you can. Some are freaking-out and why? This is Bitcoin being Bitcoin and as one twitter user said, “It’s a Bitcoin fire sale!”
What to do with your bitcoin today, with the price below $40,000?
“While not in the negative zone, press time funding rates do suggest that a bottom might finally be in. Ergo, this might just be an opportunity to buy.
The SOPR is worth looking at as well. At the time of writing, the short-term holder SOPR had fallen deep into the oversold zone, with the same dipping to levels unseen this bull run. What this finding seemed to suggest was that this might be the biggest reset of the entire bull run so far.
The latest corrections also shared a lot of similarities with the corrections back in September 2017. At the time, these corrections were followed by Bitcoin climbing to an ATH of just under $20,000. Hence, there is an argument to be made for the prediction that BTC might only go north from here onwards.”