Bitcoin price projection
We broke the 1T cap, 56k in no time. The play here is very simple.
1. Continuous uptrend gives 75k-78k before any major correction, with 30%, we back to ~52k for consolidation. (personally, I think this is more likely)
2. pullback for consolidation at 50-52k, then one leg up to 75-80k range and consolidate there.
As for the 100k target, we might encounter some heavy sell volume as I believe a lot of us will take our 10-20x profit off the table.
Either way, to all the HODLERS, we are halfway there already. :)
To all the newcomers, you will constantly experience a bull lockout mode (assume you believe we are in a huge bull market), which all you can do is buy now and add more at support, then sell at the target level.
1. Continuous uptrend gives 75k-78k before any major correction, with 30%, we back to ~52k for consolidation. (personally, I think this is more likely)
2. pullback for consolidation at 50-52k, then one leg up to 75-80k range and consolidate there.
As for the 100k target, we might encounter some heavy sell volume as I believe a lot of us will take our 10-20x profit off the table.
Either way, to all the HODLERS, we are halfway there already. :)
To all the newcomers, you will constantly experience a bull lockout mode (assume you believe we are in a huge bull market), which all you can do is buy now and add more at support, then sell at the target level.
Note
We got a shakeout instead of both cases, but only a 20% correction. 40k never comes for those who would add their positions. The seasonal bull cycle for bitcoin usually starts around April/May. Targets remain the same.
Worth case: bitcoin topped at 58k, and consolidate for a long period. Then suddenly starts pumping and a double the top end of 2021/early 2022 above 100k.
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