The Long Flat
Bitcoin seems to like $19k... for now
Price action… blah. Not much to say.
Bitcoin has hung around the $19,000 level for the last few weeks. Little movement to the upside or downside. Boring would be a good word, but that’s not necessarily a bad thing.
In fact, the asset has been much more stable than the NASDAQ or the S&P 500.
And stability is important. First, it provides time for investors. Second, it allows the legitimacy that comes from calm waters.
In times like these, calm waters are key. Have you seen how the other investment classes are doing?
Yeah… let’s keep this rolling. If Bitcoin wants to hand around $19,000 for the next few weeks or moths, that’s totally fine by me.
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.