No one knows where the price of bitcoin will go. A few weeks ago when we were shooting down to the lows everyone would have told you that they think its going to go lower. Now everyone is screaming for higher prices. Its total insanity. Stop listening to the noise, If you think that the price action is fair you can buy with reasonable stop losses and reasonable targets. Dont get greedy, dont get scared, dont get over-leveraged. Just be smart!
What I see in the next couple of weeks/months is that if we end up breaking up and away which at this point I would probably say its 30-40% likely that we do. We would easily reach up to $4200-4,500-4,800-5,200-6000. Anything above $5,000 is very close to being "end of the bear market" pricing, since we will be so far from the lows that it will be safe to say that even if we drop below $5,000 people will lose their minds to buy those prices up. But unfortunately I think that we are way to early to start retesting $5K and would rank the downside continuation at a 60%+ probability. This market will not be forgiving, and will make people enter positions to then lock them and pull them under, people still write targets for insane shit coins which leads me to believe we are far from over selling off. These moves in between are temporary spikes that if traded properly can be very profitable. I mean c'mon eth did 50%+ in a few weeks, Who is complaining, Not me thats for sure!
So to bring this write up to a conclusion, when in a trend you must trust that trend and follow that trend the trend is down, this goes until the trend ends and the last seller has sold, To me this does not seem like its anywhere close to being over, My realistic target is $2300. It can potentially drop down to the low $1,200's (85% chance) on the last push down this is worse case scenario and probably 15% likely. I would not be surprised to see the prices down at those levels. People are on some real life hopium if they think we are reversing here. So lets keep on trucking, and make sure you don't lose your pants :)
Best of luck, Dont forget to like and share!