Opinion: buying bitcoin at any price below $ 8000 will be successful

Founder of Lunar hedge fund Joel Birch expressed the opinion that any bitcoin price below $ 8,000 is good for a purchase, Forbes reports.

According to him, the “buy on the bottoms, sell on highs” approach is not very effective. Birch believes that the Averaging In And Averaging Out or Dollar-Cost Averaging strategy is much better. It involves the regular purchase of an asset for a certain amount, regardless of the price level.

“I can’t say whether Bitcoin will reach $ 3000, $ 4000 or $ 6000. However, I’ll say that it doesn’t matter to me, because I think any price below $ 8000 is good , ”Birch shared his investment advice.

However, the head of Lunar does not rule out a $ 6,000 BTC retest. After that, he is sure, an upward movement will begin closer to the May halving.

“I believe that ultimately Bitcoin will reach $ 20,000 ,” Birch emphasized.

Earlier, analysts at the German bank BayernLB suggested that after the upcoming halving of the block reward, the price of bitcoin will reach $ 90,000.

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