Worried About The Dip? Zoom Out, Bitcoin Is Up Over 7,000% In 5 Years
It is easy to get trapped in watching short-term price fluctuations of BTC, so it helps to zoom out and learn more about Bitcoin.Short-term price action can often get in the way of a more fundamental understanding of Bitcoin. Newcomers are especially prone to selling coins at a loss if they don't go through the learning curve and dig deep into good resources.But for those who have fallen down the rabbit hole, frequent red candles are nothing but a distraction to them because they have understood the actual value of Bitcoin. If you still care about the USD value of BTC and are still....
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Here's what we're watching in the bitcoin price on Friday evening, and beyond, into the weekend. We’re about to shut down our analysis for the weekend, but before we do, let’s take one more look at the bitcoin price, in an attempt to set up against any potential volatility that comes this evening and, beyond that, into the weekend. The chart below shows action across pretty much the entire week. As you can see (and ignore the blue highlights for now, these will come into play when we zoom in to the intraday chart shortly) action was pretty volatile at the beginning of the week, declining....
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