Bitcoin testing resistance
Bitcoin is currently retesting the resistance of the descending triangle. It is almost the end part of the descending triangle. Is there enough steam for Bitcoin to push through the resistance. The moment Bitcoin breaks that and maintains above that resistance level, it could be a super duper bullish move incoming.
El Salvador giving away USD 30 in Bitcoin is massive.
https://fortune.com/2021/06/25/bitcoin-en-el-salvador-free-stimulus-check/
This is different from the normal stimulus check that is normally given by governments. First of all, the government of El Salvador has to buy all those Bitcoins in order to give it to their citizens. I wonder what impact there is to Bitcoin's price.
That being said, do be careful when watching YouTubers when they give out their buy or sell signals. Just last week, I saw many YouTubers promoting shorts. Just as Bitcoin is going up, they suddenly change to longs. I usually have my own set of plans and their suggestions are guides to roughly what's gonna happen. From my view, as long as we invest into cryptocurrencies, we have to be in it for the long term. Just put in money we can afford to lose and just keep investing. There is no shortcut and it is definitely hard to predict any short term moves.
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