Stories like this abound, leaving many of us feeling left out of the Bitcoin rush. The good news is that it is not yet too late and that you can still take advantage of the Bitcoin in 2022.
The dreaded word Recession
On April 26, Deutsche Bank predicted that the US economy was heading into a recession. The bank attributed this to the rising inflation rate and even Goldman Sachs admitted that it will be difficult for the Fed to do so. drop rapidly before 2024 approximately.
Naturally, this news scared off investors who will want to find alternative investments, such as Bitcoin. This phenomenon was observed for the first time in March, in a context of geopolitical tensions which caused the bitcoin price 25% in the weeks following the start of the Russia-Ukraine war.
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As neither war nor inflation abates, Bitcoin continues to attract investors looking for cover. Along with this growing demand will come a rise in value that should pay off big for you in the years to come.
“Buy the dip” – Buy low
We all know the first rule of investing – buy low and sell high. The bitcoin value has fallen since hitting an all-time high of $68,000 in November 2021 and now could be a good time to buy ahead of the next uptrend.
Our analysis shows strong support around $40,000. A purchase below this level is therefore interesting. Some experts predict that the price of BTC could exceed its all-time-high (ATH) this year.
Alm Maye has been a trader and analyst since 2013. He is an expert in equity markets, Forex and cryptocurrencies. He is the creator of Almvest.com and Imveste.com, two sites dedicated to personal finance. He participates in the development of feature articles on specialized sites such as Actions-boursieres.fr, as well as the international network of Finixio.com.