Bitcoin is hovering around $60,000, and the number of people anticipating a downturn is steadily increasing. However, in such cases, a downturn often doesn’t materialize. The moment to exit is usually when a rebound occurs.
This time, it might be wise to exit gracefully and observe the movement while staying on the sidelines for a while.
If you’re inclined to sell, especially on Saturday, it’s a good time to do so. Alternatively, it’s also fine to wait until the end of April or the beginning of May for a potential shift before making a decision to sell.
As the number of people expecting a downturn increases, it’s natural to feel more secure and positive. Historically, whenever there has been a significant increase in those anticipating a downturn, the opposite movement has often occurred. Therefore, it’s advisable to remain calm and observe the next move with a relaxed mindset.
The movement of Bitcoin is influenced more by psychological factors than by regular patterns. Bitcoin chart patterns are among the most challenging to decipher in terms of finding regularities. Instead of trying to find formulas by comparing with the past, it might be more beneficial to patiently wait for opportune moments while paying close attention to psychological factors.