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Why I am definitely buying this dip, and why you should too!

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by COINS NEWS 98 Views

Why I am definitely buying this dip, and why you should too!

To me, there’s no better time to buy crypto than today, with this dip. Let me give my reasons backed up with charts and stats.

- First, Bitcoin just hit a 6 month support ( A 6 months resistance is hard to break.) The last bounce we had from the last massive dump was from a 6months resistance. If it breaks, there’s another at 20k. Why not start accumulating? You’re waiting for bitcoin at 10k or below? Thats unreasonable in my opinion

BITCOIN 6M CHART

- The fed is likely to reduce interest rates in coming months as inflation is down more than 60% down. Increasing rates further at this point will be irresponsible

USA INTEREST RATE

- Bitcoin spot ETF is most likely coming. The SEC has no tangible reason to reject at this point. Even stricter countries in Europe have accepted the stop ETF. Also, SEC stalling this way means they are actually taking it seriously as previous applications have been met with instant rejection with claim of fraud in underlying market. If they wanted to stand on that they wouldnt delebrate this much

- BITCOIN HALVING: Bitcoin moons after every halving, and most people are aware of that. We are just months away and people will accumulate before and after halving. The chances of seeing this price towards the ending of 2024 is really low.

This is why i am buying every dip, why are you not?

submitted by /u/GRQ77
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