Bitcoin Fever & Where to Buy
Bitcoin is HOT but do you buy here?
Hello Crypto Enthusiast,
Without a doubt Bitcoin has been the buzz for some time now. We have just hit a huge milestone regarding the last halving and speculation of $150k Bitcoin is even stronger than before. As BTC continues it march upwards we have to ask yourself… where do we buy? Well.. It depends on your outlook and risk tolerance. You could always buy here as a long term holder IF you truly think $150k is in the cards. If you believe that then buying here doesn’t look so bad. However if you are obsessed with getting the best buy like I am Im personally looking to buy on a pullback in the large weekly support that was made on this last push upwards. Even know the CME futures and the Spot BTC have 2 different prices (due to the nature of forward looking futures) Both the Physical Spot and CME Futures have the same place I believe could present a good buying opportunity for the next ride up.
Below I have included both charts so you can see where the price is located at regardless of how you trade it.
Spot BTC price im eyeing is $63,100 - $61,350
CME futures being at $64,350-$62,590
Nothing is guaranteed in life, and you should only take this trade after your own personal research.
However I feel that if you believe that BTC is in fact going to go to new highs the price I presented to you gives you the best risk to reward ratio for that potential.
As always only risk what you can afford to lose, but in my heart of hearts I feel BTC is here to stay and it’s my personal mission to continue to stack sats on every quality pullback. I hope these charts give you an idea of what price levels im looking at to initiate a trade and as always stay safe and happy trading!
Cheers Maxis
Ryan Bailey
