Bitcoin's Upward Move: A Classic Reminder For Traders.
In the last few days , we have witnessed Bitcoin pushing upward, reclaiming levels many thought that it have gone in this cycle. It's really amazing to newbies and even some experts to sleep and wake up and then see Bitcoin at the top. Mind you the reverse can be the case 🥰😘.
What Drives Bitcoin Up???
1. Scarcity : Only 21 million will exist, the world is more than 2 billion people and Bitcoin is only 21 million, so there's scarcity of it and it will continue like that .
2. Adoption and institutional interest: The world currently have actually seen what Bitcoin have to offer, many countries have bought million dollar worth of it and kept.
As a trader, don't chase green candles blindly, always wait for clear entries. Risk management is paramount , no matter how bullish it might look, don't over leverage.
Bitcoin doesn't announce when it's about to run, it rewards the prepared and patient. let's keep learning, focused and avoid trading with emotions.
#Ethereum run
#solana run
#BinanceHODLerRESOLV hold Solv
