Planning to invest in bitcoin? Don’t rush into it right now is my advice, as the price could soon drop.
Right now the bitcoin price is on the increase, and many YouTubers are saying that all cyrptocurrencies are entering a bull market again, predicting record highs will be seen in the coming weeks and months.
However I’m conscious that there is a strong historic resistance line that has been tested various times in the past, and every time that line was tested it was accompanied by negative news stories that seemed perfectly timed to manipulate the market.
I forecast that the same thing will happen again when the price nears $8,500.
The price could drop again soon in the next few days I predict. I would advise that if you plan to buy bitcoin as an investment you wait until then before you buy.
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This is NOT financial advice, just my own personal opinion.