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Swissblock Insights
Where to Next?
Compass

Where to Next?

Crypto Compass 73

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Swissblock Insights
Nov 20, 2023
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Where to Next?
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“The biggest risk of all, is not taking one.” - Mellody Hobson

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  • Some may think that bitcoin is losing steam and is due for a pronounced correction. However, our Risk Signal remains locked in the elevated - “low” - risk zone. A break below $35k seems unlikely and is a great buy zone.

  • Furthermore, bitcoin’s short, mid, and long-term trends are still bullish. Every dip is a buying opportunity even if the short-term trend turns bearish if the price breaks below $36.9k.

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