we have been stuck in a range since July from 103,792$ to 125,000$.
This is a long time to be stuck in such a small range and shows the weakening effort of BTC bulls.
We stated In our most recent post that gained a lot of traction on here that bitcoin will go as high as 130,000$ before crashing in spectacular fashion. There's a high chance it won't even reach that price and 125,000$ is the ATH that will cause bitcoins demise down to 50,000-30,000$.
Bitcoin is like a phoenix that rises from the ashes always. I am not negative on this asset class, rather the complete opposite, but NOTHING has changed. Bitcoin will and has always followed a cycle of destroying all progress made before creating even higher new ATH in each bull run.
Should I make this post bullish rather than bearish seeing as I know it'll probably go up to 130,000$ before crashing ? No I won't, I will stick to what I've been doing simply because I believe its fairer to warn people about the danger of the downside potential that is looming right now than banging on about a 5k upward move rather than the 100,000$ demolition that is about to start.
Lastly, immediate downside target is 103,792$ whereby the bulls are strong at this price and it will be difficult but very possible to demolish this price floor.
Please see linked ideas for context.
This is a long time to be stuck in such a small range and shows the weakening effort of BTC bulls.
We stated In our most recent post that gained a lot of traction on here that bitcoin will go as high as 130,000$ before crashing in spectacular fashion. There's a high chance it won't even reach that price and 125,000$ is the ATH that will cause bitcoins demise down to 50,000-30,000$.
Bitcoin is like a phoenix that rises from the ashes always. I am not negative on this asset class, rather the complete opposite, but NOTHING has changed. Bitcoin will and has always followed a cycle of destroying all progress made before creating even higher new ATH in each bull run.
Should I make this post bullish rather than bearish seeing as I know it'll probably go up to 130,000$ before crashing ? No I won't, I will stick to what I've been doing simply because I believe its fairer to warn people about the danger of the downside potential that is looming right now than banging on about a 5k upward move rather than the 100,000$ demolition that is about to start.
Lastly, immediate downside target is 103,792$ whereby the bulls are strong at this price and it will be difficult but very possible to demolish this price floor.
Please see linked ideas for context.
where magic happens everyday - t.me/goldstandardworld
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
where magic happens everyday - t.me/goldstandardworld
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.