The technical reason behind Bitcoins momentum could be due to the fact that its been overbought ,as the trend line suggests in our chart.Its due for a correction to follow the upwards trend from the trend medium price of $55-60,000.
At its trend peak it hit over $70,000.
Now it’s priced at $61,450. A significant 15% in the past 7 days. For the investors that bought at the peak , it represents a steep drop in their portfolio.
Crypto investments are a hit and miss.
Here are some good ones that I personally would invest in , they are safe and reliable . Just be careful out there with all the scammers. Once upon a time in its early days there were only a few alt coins around and all of them were safe. Now days you have thousands of alt coins to choose from and most of them are bullshit coins aka scams.
Here is main list of alt coins that are good to invest in apart from Bitcoin;
– Digibyte
– Ethereal
– Cosmos
– Litcoin
– Vechain
– Pancake swap
– Solana
– Cardano
– Stellar Lumens
– Dogecoin
– Ripple
– Tron
– Polygon
– Uniswap
– Monero
– Ethereum Classic
– Neo
– ZCash
– Dash
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Of course there’s many other great coins out there , but for me these are the top of the range.
Crypto prices are set to rise again .We have another upcoming Moon.
The rewards bitcoin miners are earning are halving around April/May 2024 , therefore the supply of bitcoin will fall resulting in a price rise due to scarcity.
Best Strategy is to slowly accumulate bitcoin and other secure alt coins by buying them on the dip.This way you have a diversified portfolio of crypto and you also have a lower risk of loss.
https://www.investopedia.com/bitcoin-halving-4843769
https://www.coindesk.com/learn/bitcoin-halving-explained/
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