Bitcoin Falls After Reaching Yearly Price High
An even colder wind blows
It’s still winter for digital assets.
No thawing here—not even after a small warm-up last week that saw Bitcoin reach its highest price this year.
The asset couldn’t hold it, so back to under $30,000 we go.
Everyone from investors to analysts has a theory on why this happened. The main takeaway—it’s just not time. This is still an accumulation period, a time to be careful, a time to be prudent, a time to take positions only in the assets that you truly believe have a future.
I’ve been saying this for over year, and I’m going to have to keep saying it.
Bear markets are never easy, and they are not for the fair-weather investor.
And this one is especially difficult, since it came directly after the biggest and best bull run in crypto history. Remember those heady days of 2020 and 2021, when people made millions on vaporware?
Seems so far away now.
Keep stacking.
Plus…
The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor, and holds several cryptocurrencies. To purchase her books on Amazon, please click here.