Why BTC might be around 80k soon (maybe higher)
Updated
1. The Russia/Ukraine war that brough down prices to a strong trend (SEE LINKED chart: buy zone 2, BTC)
2. The freezing of accounts/financial war. It provides the news needed to get some bag-holders around 70k and 80k.
3. Fib numbers allow for it (everyone sees 70, but I think we have the momentum to head higher)
4. The weekly charts are heading towards a top
5. The Superbowl (Go Rams). SO many people (RICH people) were just blasted with crypto ads, and now seeing why crypto isn't so crazy due to the Russia situation. Psychology wise, It gives new investors a little thrill of watching their investment sky rocket until you pull the rug and they buy all the way back down to 45k over the next year. You have them hooked, and they'll have to defend their decision to buy the top by probably buying more on the dip.
6. Follow the trends
7. It gives the alt coins another chance to spike (especially DOGE) which Elon is NOW suddenly talking about again.
- Also GME and their NFT marketplace and Apple partnership possibility
8. Follow the MONEY!! So many companies were hiring crypto managers & specialists over the last year, that it makes sense they could be buying and/or accepting soon.
TL;DR - I think the drop from the Russia situation along with a big push to crypto is going to trigger a BIG move up over the next month.
My plan is to look for an exit around March 23rd to Mid April
Be aware that there is a possibility we see 36k and 38k again.
41-42k holding would be pretty bullish
2. The freezing of accounts/financial war. It provides the news needed to get some bag-holders around 70k and 80k.
3. Fib numbers allow for it (everyone sees 70, but I think we have the momentum to head higher)
4. The weekly charts are heading towards a top
5. The Superbowl (Go Rams). SO many people (RICH people) were just blasted with crypto ads, and now seeing why crypto isn't so crazy due to the Russia situation. Psychology wise, It gives new investors a little thrill of watching their investment sky rocket until you pull the rug and they buy all the way back down to 45k over the next year. You have them hooked, and they'll have to defend their decision to buy the top by probably buying more on the dip.
6. Follow the trends
7. It gives the alt coins another chance to spike (especially DOGE) which Elon is NOW suddenly talking about again.
- Also GME and their NFT marketplace and Apple partnership possibility
8. Follow the MONEY!! So many companies were hiring crypto managers & specialists over the last year, that it makes sense they could be buying and/or accepting soon.
TL;DR - I think the drop from the Russia situation along with a big push to crypto is going to trigger a BIG move up over the next month.
My plan is to look for an exit around March 23rd to Mid April
Be aware that there is a possibility we see 36k and 38k again.
41-42k holding would be pretty bullish
Note
Here's the support at $42,000, if it breaks and heads to $39,000, it's still okay as long as we don't close under the sharp trend upwards. The rejection off the trend going across is not unexpected. However, we do need to maintain current trend or you will likely see more downside.Note
Sharp trend up broke (don't expect 80k), it doesn't mean you won't see a big pump, it just means there will be more resistance heading up. I'd bail under $35,000 and wait to see what happens. Makes sure you see confirmation on a bigger chart before another buy. However, this price target wasn't unexpected, referring to linked chart and next trend line of support.
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Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
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