Buy Bitcoin cos it's unlikely to dip below 52K
Greetings,
Among crypto traders, there is always a saying called "Uptober". You might be wondering, is it a bit too early to buy Bitcoin considering it's still early in the September? Well, check the institutional buying pressure from 50K to 53K, it's pretty unlikely Bitcoin will dip bellow 52K. While the macro economy embracing a soft landing, Bitcoin is destined to outperform S&P 500. In other words, money will pull out from the stock market and flow into bonds and crypto.
The strategy is simple, Buy bitcoin now and sell around the end of November. The probability to take profit around Nov 28th is very attractive.
Happy trading!
Among crypto traders, there is always a saying called "Uptober". You might be wondering, is it a bit too early to buy Bitcoin considering it's still early in the September? Well, check the institutional buying pressure from 50K to 53K, it's pretty unlikely Bitcoin will dip bellow 52K. While the macro economy embracing a soft landing, Bitcoin is destined to outperform S&P 500. In other words, money will pull out from the stock market and flow into bonds and crypto.
The strategy is simple, Buy bitcoin now and sell around the end of November. The probability to take profit around Nov 28th is very attractive.
Happy trading!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.