Over the past few months, we have been hearing the large investment companies buying Bitcoins in large amounts. I doubt institutional investors will let Bitcoin fly above $ 30,000 over the next few years. I see the following scenario for this movement: big players will continue to accumulate BTC .
We see accumulation inside the , followed by an upward exit from this channel. I think this way up will take place in 2022-2023.
Trading is not a sprint , trading is a marathon , and investing is a life-long marathon .
Best regards EXCAVO
Where can I find the feer n greed index buddy?
"Subsequently, we can expect more attention drawn to bitcoin, increasing the demand while keeping the supply stable. This creates a second influx of demand that can be great for the price. Expect that if BTC breaks above $20,000 we will see an immediate secondary response of another easy +10% gain."
I'm curious to hear your thoughts about this
I'd be cautious considering 'fundamentals' of crowd behavior (where you talk about news articles) and using a 4-hour chart. A 3-day chart for BTC these days is becoming the minimum lens on such a weighty asset. Perhaps it does reach $20k, perhaps it does not. From my own point of view the risk / reward is highly unacceptable. Remember this rally began at $3800! We've almost gone up 300% in one move. That is incredible. However the majority are now seeking more. That is where you and I must be in the minority, be fearful, be contrarian.
Personally I'm looking for support around $12k and then we should see a possible move towards $300k by the end of the next year. It'll make those swings between $12k-20k seem insignificant.