It’s often said that patience pays dividends.
Of course, in the crypto world these adages don’t make too much sense. So, just like how we say that “Tether’s a position too,” in crypto it can be said that “patience pays sats.”
But all jokes aside, Bitcoin has fallen back below 41,000, placing prices right back into this range. With Bitcoin below this level, new longs are likely to stumble in the coming days/weeks.
At least in the near term, some level of patience is warranted.
So while we’re anticipating we ultimately resolve higher, the only question that remains is “how long?” Members of ASC Crypto can log in to access today’s note. Please sign in or start your risk-free 30-day trial today.