We are at the bottom of the market, Bitcoin has seen some major flush outs as institutions that ave poorly managed positions keep causing selling pressure. The market needs to be stimulated for the next leg up and until then we consolidate at the lows. Typically bitcoin does not break down below previous lows but we have been trading under $20,000. The market will be positioned in a bear trend until we break above the previous low $25,000 and then we can continue to consolidate and potentially start making our way back to the ATH and then higher. We anticipate that within the next 1-2 years we will see all time highs and bitcoin prices above $100,000.
This is a macro outlook on the market.
Long positions should be scaled in and leverage at the lows built up with short stops. Buying between 16K - 10K are great entries for a long but trades may take months to come to fruition.
I see so many of these, "this will happen" posts. It's almost like the people that said "we will never go below 20K again", and yet here we are. BTC is going o go much lower than anyone imagine and it will stop when the weak hands stop selling and we have many weak hands left in the market.
TheCryptAlpha
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@silmaril0875, Watch my previous calls and then revert back to this post.
PainKiller2021
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@silmaril0875 weak hand ? dear friend btc is not in our hands to sell and riches doesn't have weak hands that's why there are rich u think we pump btc ? no we just can have our little profit whit them if get luck