This Week In Crypto, Yawns... HODL and BUIDL
Hey Everyone,
It feels like a long time since we had a serious crypto move and Bitcoin is mostly bouncing in a range. It tests lower and then it tests higher number and returns to low 40ks to high 30ks. It is just hanging out there and having trouble breaking through up or down.
Here is the Bitcoin Chart in 12 hour candles:
I'm a hodler not a trader, but I do enjoy some price action and excitement once in a while.
If I am honest with myself I think some of my current boredom has to do with being a bit overwhelmed with options and not having a clear opinion on where Bitcoin is heading over the rest of the year.
With the treat of recessions and food shortages in the news along with expensive wars and the fall out, hard financial times are in store, and while Bitcoin is a great inflation hedge if people need assets they will use their Bitcoin. The price is in the hands of Billionaires and Corporations as "Regular" people are worried about paying for gas and food.
I looked to the Fear and Greed Index
Which has also been staying pretty steady towards the fear side and a current rating of 26.
I did find some Bullish articles on Bitcoin price predictions but when I looked at the information presented, the outlook still looks pretty boring, with a prediction of $46,000, I would basically consider that in the same range.
My conclusion it's a good time to build your Hive and Leo holdings, engage with others, post, and slowly build your stake. Hive and Leo are steady slow growth assets which you can add to using your own stake and some effort. They tend to trend sideways and down, between pumps.
For those of us who enjoy volatility and excitement, this up and coming week is more likely to feed us stability and yawns!
I'm here for it!
What's got your interest this week?
Posted Using LeoFinance Beta
