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Bitcoin's price chilled out a bit after shooting up earlier this week. I think the best thing that can happen right now is for it to stay steady. If you're holding onto Bitcoin for the long haul, that kind of stability is definitely good news.
What's weird, though, is how quiet things are all of a sudden after all the ups and downs we have seen. I figure the smartest move now is just to wait and see what happens. I am pretty sure this period of calm is getting Bitcoin ready for its next big jump. This could be a good time to explore ways the space will make some moves.
The whole space looks like it moved to new levels. People have been getting smarter. They are thinking of ways to make the system faster with layer two solutions.
We have also seen the start of integrating other technologies. The Bitcoin script now allows for smart contracts. This provides more ways to transfer different types of assets.
Let's not ignore that institutions are now getting involved. They are thinking of using Bitcoin to diversify their holdings. It's likely that this new entry will act as a new catalyst.
The market needs to see more people making real-world uses of Bitcoin. People need to be able to use it in their day-to-day lives. If we do that, we will probably see price go up.
From a technical standpoint, many key indicators show neutral signals. I want to see if the $70,000 level holds. If it does, we are smooth.
So, sit tight. Even though it seems boring now, this might be the most interesting part. Staying calm will make you enjoy the ride. It could be a setup for something big.
What's weird, though, is how quiet things are all of a sudden after all the ups and downs we have seen. I figure the smartest move now is just to wait and see what happens. I am pretty sure this period of calm is getting Bitcoin ready for its next big jump. This could be a good time to explore ways the space will make some moves.
The whole space looks like it moved to new levels. People have been getting smarter. They are thinking of ways to make the system faster with layer two solutions.
We have also seen the start of integrating other technologies. The Bitcoin script now allows for smart contracts. This provides more ways to transfer different types of assets.
Let's not ignore that institutions are now getting involved. They are thinking of using Bitcoin to diversify their holdings. It's likely that this new entry will act as a new catalyst.
The market needs to see more people making real-world uses of Bitcoin. People need to be able to use it in their day-to-day lives. If we do that, we will probably see price go up.
From a technical standpoint, many key indicators show neutral signals. I want to see if the $70,000 level holds. If it does, we are smooth.
So, sit tight. Even though it seems boring now, this might be the most interesting part. Staying calm will make you enjoy the ride. It could be a setup for something big.