Coins are going in a horizontal direction

In the current period, confusion in financial markets and prices, whether in goods or products in general, is increasing, but will this have a negative impact on the cryptocurrency market. In fact, we did not notice this in the current period, as the market is still going the same way it was before the outbreak of the current crisis, but there are some observations that will be taken into account regarding current investments in general.

The price of the bitcoin at the present time has reached about 39 thousand dollars, which is almost in the same vein for a while, with a slight rise and fall, which makes the bitcoin and most cryptocurrencies, which of course follow the movements of the bitcoin going in a horizontal direction.

So what does this mean for traders and for short-term investors? In technical analysis, most analysts see that the movement of any currency in the horizontal direction is a period of aggregation, as the currencies begin to walk in this horizontal trend, and then move up strongly.

But as for the logical vision of the current situation, I think that the movement in this direction is due to the reluctance to buy or sell, as the movement is considered somewhat stagnant and not for trading, but the matter is somewhat relative, as those who are about to buy are like those who are about to sell.

What do we do?

As for me, I have some cryptocurrencies in my wallet and I also have USDT as is the case here in Hive as I also have HBD in anticipation of no change in price which makes me support my wallet.

Because the global situation does not give any indications of a near improvement, especially with the beginning of the rise in global commodity prices, which will worry many people and make them withdraw their money in order to buy more goods and withdraw money may be at the expense of cryptocurrencies.

Therefore, the current investment step will only be taken by High Risk Takers who consider risks as a hobby or who have a serious and strong study of the market and the global situation in the future.

In the end, I can only say that the most important thing is for security and safety to return again to all parts of the world and for the situation to return more stable and better than before.