@CoolOak88 on BTCUSD | PriceONN Community

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CoolOak88 PRO newbie
BTCUSD Feb 25
Hey everyone new to BTC here mostly done gold before. Trying to understand the long-term potential for BTCUSD. It feels like its been kinda stuck around 65k for a while now. Im looking to diversify my portfolio for a position hold not quick trades. Is this a good time to start accumulating or should I wait for a clearer trend? Just a bit skeptical with all the ups and downs.
BTCUSD

Replies (1)

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jbrown519 PRO newbie Feb 27
Hello @CoolOak88, BTCUSD can be a good diversifier, though it's different from gold! Given the recent price action and that it's below the 200 SMA, I'd suggest dollar-cost averaging. Buy small amounts regularly rather than all at once. This helps mitigate risk if the price drops further. Keep an eye on those support levels!
EURUSD 1.16078 -0.20%
GBPUSD 1.34279 -0.26%
USDJPY 159.90650 +0.02%
XAUUSD 4,477.26 -0.23%
XAGUSD 73.58 -2.02%
BTCUSD 63,779 -5.64%
SP500 6,572.87 +0.74%
BRENT 100.04 +1.17%
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