Reportedly, the all-time high for Bitcoin is expected per analysts around September 15, 2021 or September 13, 2021 based on the supply and demand in the network and based on the prior bull market. As always history does not necessarily repeat, but if often rhymes mostly based on the prior two bull cycles. The bull cycles at present are less explosive.
There are many who simply hold crypto and do not actively day trades crypto. They buy BTC and continue to hold it and they repeat it with Ethereum and several other Altcoins.
All kinds of institutions are trying to figure out whether BTC is a currency, asset or property. Investors for all practical reasons believe that Bitcoin will always be the gold and that Ethereum will always be in the second place. Something that is in the first is always ahead in the race most of the time.
Due to the high volatility of the Bitcoin price it is difficult to decide the norm for buying in to BTC. The right entry price for BTC is what every investor is trying to figure out. Those who are not able to make it great in the swing trade, are watching the market closely to adjust and prepare to buy during the next best time to buy.
There is buying and selling of BTC is happening at all times. However, most of the buys happen when the risk and reward are attractive. When the price keeps going high, some of who are prospecting BTC do not want to buy it because they do not want to buy the highs and they land up letting the trade go. Investors are well aware that risk management is important than Big Wins.
Investors prospecting swing trade are looking for a bullish reversal leading to a higher low so that they can buy in to the market. It is good to invest in Bitcoin following the investment and risk management rules. It is not good to react to information.
The price of Ethereum is improving at a staggering rate. The computing power required to sustain the Bitcoin network is high and far from being green for now. We need to see if Ethereum are coming up with solutions which eventually will put them in the place of Bitcoin. If ETH prove their ability to scale, then BTC mining fueling climate change might be the one big reason that every critic will sport to but it behind in the race. The price of BTC has been dramatically improving and now ETH is in with staggering improvement in price. Competition and investor perception is changing.
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