Although we are near bottom support on the long term chart, there is always the possibility of a flash drop below support as happened in March 2020, before the support line was re-established.
Bitcoin still has a long way to go if it is to get to $100K+. Realistically, we need to set our sights on the 4-8 year timeframe for that.
Where does it go after this wedge? Either all the way up or down... either it will take over the world or die. Both must be taken into account as a possibility when you manage your risk.
Bitcoin still has a long way to go if it is to get to $100K+. Realistically, we need to set our sights on the 4-8 year timeframe for that.
Where does it go after this wedge? Either all the way up or down... either it will take over the world or die. Both must be taken into account as a possibility when you manage your risk.