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#USDJPY bouncing back from the support after the liquidity sweep.
Currently showing a downtrend in lower time frame.
We can expect price to go up if breaks the Descending trend followed by the PDH .
#USDJPY bouncing back from the support after the liquidity sweep.
Currently showing a downtrend in lower time frame.
We can expect price to go up if breaks the Descending trend followed by the PDH .
BY Market
Like a stock, you can buy and hold Bitcoin as an investment. You can even now do so in special retirement accounts called Bitcoin IRAs. No matter where you choose to hold your Bitcoin, peopleâs philosophies on how to invest it vary: Some buy and hold long term, some buy and aim to sell after a price rally, and others bet on its price decreasing. Bitcoinâs price over time has experienced big price swings, going as low as $5,165 and as high as $28,990 in 2020 alone. âI think in some places, people might be using Bitcoin to pay for things, but the truth is that itâs an asset that looks like itâs going to be increasing in value relatively quickly for some time,â Marquez says. âSo why would you sell something thatâs going to be worth so much more next year than it is today? The majority of people that hold it are long-term investors.â
However, analysts are positive on the stock now. âWe have seen a huge downside movement in the stock due to the central electricity regulatory commissionâs (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.
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