Thursday, January 21, 2021 2:12 PM EDT
Bitcoin (BTC/USD) is seeing a major fall today, down over 10% and down almost 25% from the recent all-time highs. Investors who bought around $40,000 are fretting, thinking a top is in much like 2017. Bitcoin chart analysis shows where the supports are to be a buyer.
The first support to begin accumulation will be at $24,000. The second support where it would be wise to pick up a substantial amount more is at $19,750. Ultimately, Bitcoin is going higher over the longer term, but bubbles have to burst in the near-term. Be patient and ready to buy.
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Disclaimer: All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as ...
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Disclaimer: All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. InTheMoneyStocks, LLC and its representatives assume no responsibility for your trading and investment results. All information on the website was obtained from sources believed to be reliable., but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. InTheMoneyStocks, LLC, its employees, representatives and affiliated individuals may have a position or effect transactions in the securities herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves a very high degree of risk. Futures and Options trading are not suitable for all investors. Past results are not indicative of future results. InTheMoneyStocks, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment results.
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