Bitcoin is furiously trading between $10k and the lower end of $8k, leaving many Bitcoin traders to ponder what’s next for the leading cryptocurrency.
As Bitcoin begins to move downwards, it appears a brand-new optimal buy zone is beginning to emerge, allowing Bitcoin casino player to pick up on some “cheap” Bitcoin.
Another Run to $10k in the Pipeline
If you’re looking to fill your Bitcoin wallet up, then now could very well be the perfect time to do so.
Currently, Bitcoin is hovering around the $8,850 level, and just a little dip could send us into the perfect buy zone for Bitcoin.
If Bitcoin falls to anywhere between $8,500 and $8,200, we will likely see upwards movement towards $10,000.
This provides you with the perfect opportunity to load up on Bitcoin before the price really gets going.
However, this won’t be the last trip under $10,000, so don’t worry if you miss out on this next wave of upwards movement.
Sellers, Hang on a Bit Longer
On the other hand, if you’ve just won a whole pile of Bitcoin from your favorite Bitcoin casino, then you’re going to want to wait a bit before you cash out.
By all means, send the Bitcoin to your personal Bitcoin wallet, but we recommend you hold off on converting it to a fiat currency – just so you get the most bang for your buck, of course.
Bitcoin is still sliding down towards the $8,500 and $8,200 area we mentioned earlier, so if you sell now, you could end up watching the price rise past your sell point in a matter of hours.
That feeling sucks, and would be a disservice to your latest big win in Bitcoin.
So, if you really want to make your latest win really something worth shouting about, we recommend you hang on a little longer.
If our charts are correct, Bitcoin should climb back up to $10,000 in the coming days, meaning you can get a whole lot more USD for your Bitcoin if you can wait.
A Long Road to Recovery
Unfortunately, it looks very much as if the bullish movement that occurred before the halving has faded away.
This means we’re looking at more drops and could potentially see Bitcoin touching the $6,000 level in the coming weeks.
This means that this could be one of our last trips to $10,000 for a few weeks, so if you are waiting for the perfect time to sell, it might be worth sticking up some sell orders for the top end of $9,000 to be safe.
It also means that if you miss out on the upcoming drop to $8,200-$8,500 range, that there is hope on the horizon.
In the short-medium term, we can expect Bitcoin to slide further down to somewhere in the $6,000 region, so start hoarding up your fiat to fill up on Bitcoin.
If you can pick up Bitcoin at $6,000, you’re going to have a very enjoyable time at your favorite Bitcoin casino!