Price BTC = 10821
Bitcoin (BTC) is at a lower risk level to buy. A number of metrics I've pointed out in prior reports suggest numerous tailwinds at hand, now and in the future, for bitcoin. Despite Trump's and other governments attempts to talk down bitcoin, it relentlessly moves higher over the longer term.
As with all cryptocurrencies, expect high levels of volatility so position size in line with your risk tolerance levels. While coins can easily run up a few hundred percent over just a few months or less, they can also "stall" by drifting lower, retracing half or more of their gains before moving higher again. Thus a coin that runs up 500% that retraces at least 50% would have every $1 invested soar to $6, then retrace over ensuing weeks back to $3 or lower.
Timing has been trickier in this current bull market that began in Dec-2018 as bitcoin has outpaced most all coins since then, with just a few such as some of the ones shown in the crypto picks list outperforming BTC.
Crypto Report - BTC buy / Crypto Brief
| Published: | 3 Aug 2019 10:33 ET |
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