As we approach closer to the Bitcoin halving, market volatility has increased.
Over the last two weeks, Bitcoin has been extremely positive, as has the entire crypto market, causing the price to reach an all-time high. That's $69,000.
However, as expected following a massive bullish market, there is a risk of a correction, and Bitcoin may retreat from its current price level.
And that happened tonight, bringing the price down to $59000 and signaling the end of a massive drop.
I recognize that Bitcoin must not be at its all-time high because there is no precise explanation why it has risen. We have many more events that will undoubtedly drive the price of #BTC higher, but for the time being, a good correction must be made.
As a result, it is probable that the cryptocurrency market may experience another correction, with prices falling as low as $50,000 to $55,000.
Still, don't worry since I've got a fantastic trading and investment feature for you. That is smart rebalancing, which works best in a bearish trend.
It will provide two benefits: first, it will diversify your portfolio. The second advantage is that it will continue to trade and provide you with a quantity benefit. That means your coin, which you have set for rebalancing, will continue to rise.
A smart balancing bot trades for you and continually rebalances your portfolio based on your instructions.
There are numerous approaches for setting up smart balance. You may also accomplish it using RSI-based trading, which is useful in smart balancing.
First and foremost, you must grasp the range level of the cryptocurrency market, namely the range level of Bitcoin, and then set your rebalancing based on the RSI indicator.
This will greatly assist you. I'm trying this smart rebalancing and will shortly share the results with you, after which you can decide whether or not to pursue this method.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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