on Feb 27, 2024 6:12:52 GMT
Post on Feb 27, 2024 6:12:52 GMT
be careful! 'Bitcoin' adjusts in the short term, 'CIS' looks at the long term, gold is on the uptrend. new generation investors Short-term warning: 'Bitcoin' may undergo a downward correction. After the price rose sharply Until being able to beat the price of gold, but in the long run you can still invest. Similarly, 'gold' may rely on this period of correction. It is a time to collect additional investment. In the long term, we believe there is still an upward trend. Mr. Napawee Pukkaman, investor and founder of Creative Investment Space (CIS), an institute that provides knowledge on new investment innovations, revealed that due to the price of Bitcoin It has continuously increased strongly since December of last year until the beginning of this year, most recently at 35,000 US dollars, or an increase of more than 22%.
The reason is that it is expected that the new generation Jamaica Mobile Number List of investors Both institutional and retail investors Look at the opportunity to buy Bitcoin. After making new highs above $20,000 in 2017 and the technical chart is bullish, But investing in the short term At that price level, it is considered at risk of a downward correction. Because there are already many people who have made a profit. There may be pressure to sell and take profits. And technical tools also say that the price has been in the Overbought condition for some time now. Those thinking of buying Bitcoin during this period must be extremely careful. Therefore, if it does not drop below the $20,000 level, the price will enter its third and longest uptrend. With a target resistance level along Fibonacci 261.8 at 47,000, looking at opportunities to buy and invest in both the short term and the long term. When the price shrinks Bitcoin's medium-term and long-term outlook The technical graph indicates that It's clearly an uptrend.
In terms of movement, the gold price was unable to stay above the 1,900 US dollar level. and was sold down until the return was negative 2.3% due to the US Dollar Index. It turned around and strengthened two days in a row. In addition, the 10-year US government bond yield rebounded above 1.1% last week. This is the highest level since March. 2020 caused some investors to shift their investment portfolios to US government bonds instead. However, in the long run, gold is still an attractive asset to invest in. This is because the big trend of the US Dollar Index is still weakening, which has a positive effect on gold prices, while the US fiscal stimulus measures are being issued. It also causes the trend of inflation to increase, which gold will be a good option to hedge against inflation risk. together with the interest rate I don't see an opportunity for this to increase in the next two years. “Looking at the strong decline of gold. in the week before It is considered an opportunity to buy for profit in the medium to long term.
The reason is that it is expected that the new generation Jamaica Mobile Number List of investors Both institutional and retail investors Look at the opportunity to buy Bitcoin. After making new highs above $20,000 in 2017 and the technical chart is bullish, But investing in the short term At that price level, it is considered at risk of a downward correction. Because there are already many people who have made a profit. There may be pressure to sell and take profits. And technical tools also say that the price has been in the Overbought condition for some time now. Those thinking of buying Bitcoin during this period must be extremely careful. Therefore, if it does not drop below the $20,000 level, the price will enter its third and longest uptrend. With a target resistance level along Fibonacci 261.8 at 47,000, looking at opportunities to buy and invest in both the short term and the long term. When the price shrinks Bitcoin's medium-term and long-term outlook The technical graph indicates that It's clearly an uptrend.
In terms of movement, the gold price was unable to stay above the 1,900 US dollar level. and was sold down until the return was negative 2.3% due to the US Dollar Index. It turned around and strengthened two days in a row. In addition, the 10-year US government bond yield rebounded above 1.1% last week. This is the highest level since March. 2020 caused some investors to shift their investment portfolios to US government bonds instead. However, in the long run, gold is still an attractive asset to invest in. This is because the big trend of the US Dollar Index is still weakening, which has a positive effect on gold prices, while the US fiscal stimulus measures are being issued. It also causes the trend of inflation to increase, which gold will be a good option to hedge against inflation risk. together with the interest rate I don't see an opportunity for this to increase in the next two years. “Looking at the strong decline of gold. in the week before It is considered an opportunity to buy for profit in the medium to long term.