Bitcoin trading at eToro *
Experts advise buying Bitcoin
With its recent change of course, Bitcoin regained the 200-day line, which experts say is a clear buy signal. In the past, given such a starting position, the currency gained around 193 percent in the following six months. If this is also the case this time, it would reach a value of 134,000 US dollars (approximately 114,000 euros) in February 2022. Fundstrat Global Advisors is now advising investors to buy and is assuming a price target of 100,000 US dollars (approx. 85,000 euros) for 2021. However, it is better to enjoy such forecasts with the utmost caution.
Investment remains high risk
If Bitcoin has proven one thing in the past few months, it is that it remains absolutely unpredictable even for professionals and does not follow any fixed rules. The experts’ recommendations are based on statistics and assumptions based on past developments. There are no guarantees that these will repeat themselves in the future. If you are toying with an investment in Bitcoin, you should keep a close eye on current developments. If there are further positive impulses, an entry with a very small position could be an option. In any case, you should be aware that you could lose all of the money you have invested at any time. Hardly any speculative sector is as volatile as the crypto market. An investment in Bitcoin & Co. remains a highly risky matter.
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