Hello, Crypto Traders.
Here's an important update on BTC that you don't want to miss out on. In this update, I am going to talk about the bear market, the upcoming rally, and the possibility of $100k. So, read this update till the end.
1. Are we done with the bear market?
So far, BTC has managed to bounce back from the $15K supporting trendline and has diverted the confusion of a $10k or $12k drop which most of the traders were expecting. Three weeks ago, BTC broke above the $25k resistance which was an important resistance zone and also the first confirmation level of a new rally. Now, the 2nd phase of confirmation is the $30k resistance. If BTC breaks above this resistance and sustains for some weeks then we can consider the end of the bear market.
2. When will the bull rally begin?
In my opinion, we are at the initial phase of the bull rally. It's like the first cell formed in a mother's womb. She doesn't feel anything but yes there is a baby forming inside her. I hope you got my point.
3. Am I too late or can I still accumulate BTC at $28k?
For those who are having this question in their mind, let me ask you one simple question- Would you buy BTC at $28k or would you buy it at $45k?
Let's hear Joe and Donald's conversation for better understanding.
Joe: Dude, "What if I buy BTC at $28k and then the price drops to $20k?"
Donald: If that's your concern then why you did not accumulate at $20k?
Joe: Because I was afraid thinking, "What if I buy BTC at $20k and then the price drops to $15k?"
Donald: R.I.P, Joe.
Moral of the story: Don't be like Joe.
4. Is $100k even possible?
BTC reaching $100k is the ultimate ATH, we all are expecting and it is possible but not anytime soon. If my analysis is correct then I am expecting by the end of FEB 2024 or the beginning of June 2024.
That's it from my end. I hope this update was helpful to you. If you are new, please do follow and my fellow existing members do hit the like button and comment below.
Before I leave, here's a key point from today's update.
1. $30k resistance, the 2nd confirmation range for a bull rally.
2. $25k is the support.
3. Accumulate BTC and DCA if the price drops.
Note: All these updates are based on my analysis and my personal opinion so do not consider them as financial advice.
Trade safely.
Here's an important update on BTC that you don't want to miss out on. In this update, I am going to talk about the bear market, the upcoming rally, and the possibility of $100k. So, read this update till the end.
1. Are we done with the bear market?
So far, BTC has managed to bounce back from the $15K supporting trendline and has diverted the confusion of a $10k or $12k drop which most of the traders were expecting. Three weeks ago, BTC broke above the $25k resistance which was an important resistance zone and also the first confirmation level of a new rally. Now, the 2nd phase of confirmation is the $30k resistance. If BTC breaks above this resistance and sustains for some weeks then we can consider the end of the bear market.
2. When will the bull rally begin?
In my opinion, we are at the initial phase of the bull rally. It's like the first cell formed in a mother's womb. She doesn't feel anything but yes there is a baby forming inside her. I hope you got my point.
3. Am I too late or can I still accumulate BTC at $28k?
For those who are having this question in their mind, let me ask you one simple question- Would you buy BTC at $28k or would you buy it at $45k?
Let's hear Joe and Donald's conversation for better understanding.
Joe: Dude, "What if I buy BTC at $28k and then the price drops to $20k?"
Donald: If that's your concern then why you did not accumulate at $20k?
Joe: Because I was afraid thinking, "What if I buy BTC at $20k and then the price drops to $15k?"
Donald: R.I.P, Joe.
Moral of the story: Don't be like Joe.
4. Is $100k even possible?
BTC reaching $100k is the ultimate ATH, we all are expecting and it is possible but not anytime soon. If my analysis is correct then I am expecting by the end of FEB 2024 or the beginning of June 2024.
That's it from my end. I hope this update was helpful to you. If you are new, please do follow and my fellow existing members do hit the like button and comment below.
Before I leave, here's a key point from today's update.
1. $30k resistance, the 2nd confirmation range for a bull rally.
2. $25k is the support.
3. Accumulate BTC and DCA if the price drops.
Note: All these updates are based on my analysis and my personal opinion so do not consider them as financial advice.
Trade safely.
