Why Bitcoin Could Slingshot Back To Lows Before Gaining Momentum

[Btceth01]

Bitcoin price is making its best attempt yet to climb back above $40,000 since the big crash in May. Thus far, the phrase “sell in May and go away” has worked like a charm, and it could take longer before buying coins back again is a profitable strategy. That’s because the top cryptocurrency is struggling to hold above the middle-Bollinger Band, and if it can’t hold, it could result in another retest of the bottom of the band. Another retest could finally push the price per coin below support, making a clean sweep before a reversal. Deja Vu: Why A Historic Move Could Be On The Horizon
For anyone who was around the crypto market during 2019, it feels like deja vu. At above $10,000, it wasn’t uncommon to see traders claiming the next stop was $100,000 or more. They were wrong, and Bitcoin crashed. When it did, and sentiment shifted bearish, the cryptocurrency reversed with the third most profitable day on record. Anyone familiar with the October 2019 “China pump” knows that things can turn around fast, even when they seem at their worst.Source

[GeezerviserBom]

Everyone is so afraid of this fall of bitcoin that I just don't understand why? After all, you can just wait out this moment, let it take six months or a year, and maybe more. But I'm talking about those who trade on the spot. Those who have opened a long on features, yes, you guys are out of luck and you better get out as soon as possible to sell bitcoin, (by the way here is an app with the map of crypto atms https://paydepot.com/ma-bitcoin-atm [nofollow]) and wait for bitcoin to reach its bottoms and buy it on the spot.