Buy Bitcoin Low, Sell It High | Will BlackRock Continue Buying?

A question by one of our readers goes like this, "What happens if I am wrong and Bitcoin keeps on rising?"

Great question.

This wouldn't be an out of this world event just low probability.
Low probability to hit a new All-Time High in this wave, Bitcoin rising higher is fully possible.

For Bitcoin to first move higher, it needs to break strongly 53,000 which worked as strong resistance.
Right after 53,000 there is strong resistance again right away at 54,000.

A rise above resistance would meet the next barrier which is 59,750, basically 60,000 ($60K).
This 60K resistance matches a golden ratio fib. extension level and the April 2021 ATH based on candle close. This makes it a very strong resistance level.

Then we have 65,000 and the All-Time High in November 2021.
Both 65K and 69K are based on candle close and wick from Nov. 2021.

The Bitcoin Spot ETF launched a little more than a month and a half ago.
First, a major drop as soon as the spot ETF started trading.
Then, with sustained buying for more than a month and a half, tens of billions of dollars, Bitcoin didn't hit a new All-Time High. Now the news is no longer the ETFs and we are not hearing anything about infinite buying anymore.

What happened?
If the richest people in the world, the biggest money managers in the world, literally, couldn't push Bitcoin to a new All-Time High with 45 days of sustained buying, who is going to do it?

My question goes in reverse, instead of who is going to sell I ask, "Who is going to buy?"

With 19,650,000 BTC in circulation, more than 95% of all wallets in profits, it is safe to assume that the amount of potential sellers is overwhelming.

So, not to say Bitcoin is going down or going up...

Safe buy near November 2022 after an entire year of straight down.
Safe sell near February 2024 after more than an entire year of straight up.

It is not a question of right or wrong, it is an issue of sell high and buy low.

Namaste.