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- Bitcoin Hits $65K—Buy, Sell, or Hold?
Bitcoin Hits $65K—Buy, Sell, or Hold?
And my take is...
Just yesterday, over a weekend beer, a friend asked me, “What’s happening with Bitcoin? You made the wrong call for September!”
They were surprised because I told them September’s usually bad for Bitcoin, but this time, it’s bullish, breaking a six-year trend.
September has been historically a bearish month. Source: Coinglass
And they were skeptical too—wondering if this was just another pump before the drop.
I get it—crypto’s wild swings mess with everyone’s nerves.
Stick with me, and I’ll break down the bullish signs, the red flags, and the key levels you need to watch before deciding if it’s time to buy, sell, or hold.
Bitcoin’s Bullish Hype
Bitcoin’s closing above $65K has everyone excited.
Massive Bitcoin ETF inflows, big purchases by MicroStrategy, and US and China central banks cutting interest rates are driving this momentum.
China’s pumping liquidity into the market, and that’s no small deal—when money floods into the economy, it often flows into assets like Bitcoin, pushing prices up.
But before you get swept up in the hype, ask yourself: Is it time to buy more, hold what you’ve got, or cash in?
3 Red Flags: Bitcoin Might Not Be Ready for a New High
First, let’s talk about retail investors—you and me. We’re not as active right now.
Coinbase activity is down, which means fewer people are buying or selling. If retail isn’t jumping in, who’s driving the price up?
Second, China’s stablecoin market is weak, and that could be a problem. When one of the world’s largest crypto markets shows instability, the rest of the market could follow.
Lastly, the big institutional investors are playing it safe.
Futures contracts aren’t showing the high premiums you’d expect in a rally. So, if the big money isn’t fully convinced, should you be?
The Critical Level: $68K
Now, here’s the big one.
Even though Bitcoin’s riding high, this is one key level to watch: $68,000.
Until Bitcoin breaks that, it’s not quite ready to skyrocket. Sure, it might hit $100K if it clears $68K, but we’re not there yet.
So, what should you do?
Keep your eyes on $68K. If Bitcoin blows past that level, it could signal a new high. But until then, think critically—don’t rush into decisions.
My Take: Buy, Sell, or Hold?
Here’s where I stand: If you’re already holding Bitcoin, stay put. There’s no need to sell just yet.
If you’re looking to buy, keep an eye on $68K. If Bitcoin pushes past that level, it could be a solid entry point.
But if you’re unsure, it’s always better to hold back than to jump in without a plan. Crypto’s fast, unpredictable, and ruthless if you don’t stay sharp.
You can also buy if price retraces to the smart money level as shown above.
Sure, Bitcoin’s been bullish, but there are still plenty of risks. So keep your focus on key levels like $68K. Don’t let the hype or fear drive your decisions—let the data guide you.
And hey, if you’re tired of the usual crypto fluff and want straight, no-nonsense insights, subscribe to Crypto Profit 101.
I’ll keep you ahead of the game with real, actionable tips that’ll help you make smarter moves.
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