Bitcoin Weekly: Sometimes No Move Is the Winning Move

As bitcoin remains hovering above 60k, the best move is to wait and see.

Again, last week was another week of not much happening in bitcoin.

It’s still holding above technical support at 60k. But the bounce is not very convincing, and there is no clear sign that the bottom is in. Like I said last week: bitcoin is cheap, but it can get cheaper before this is over.

So what I’m doing is waiting.

“The stock market is a device for transferring money from the impatient to the patient” said Warren Buffet. And of course the same goes for the crypto market too: bitcoin bear markets are indeed an exercise in patience.

You don’t have to trade all the time — sometimes no move is the winning move.