Hello Premium Readers!
As I mentioned in the Bitcoin Data Newsletter, this time is different, but it is not different in one way, that now is the time to buy. It is now very risky to wait for lower prices as there isn’t much data to support that Bitcoin will go lower, other than theoretical events. I have mentioned on Twitter, and as most of you know I have been successful in the Bitcoin market before, and I did it by going against the grain and buying when friends and family were saying things like, “Good luck with that.”, and “Yeah I’ll think about buying when it’s lower.” (Lower prices never came).
When Bitcoin started to rise exponentially I looked like a genius, but in reality all I had done was buy when data showed it was a good time to buy, and do the opposite thing everyone else was doing.
Let’s take a look at some shorter term data to get a feel of the market: