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DLavrov
Dec 26, 2023 11:15 AM

Bitcoin: $48k-50k Is the Top?  

Bitcoin / TetherUSBinance

Description

Bitcoin keeps the bullish potential.

I think, after a pullback, we will see another attempt to reach the $ 48,000-50,000 resistance zone.
And after that, the market will be ready for a reversal.

Yes, bullish events, such as Bitcoin ETF and halving can be used for the great dump.

So, be careful with your long positions!


From my point of view, the real bull run will be started AFTER the great dump and when we get bullish macro.

I would say it is the 2nd half of 2024.


P.S. Happy Holidays!
Comments
danbut
What you consider a great dump 30 to 50 ptecent dump ?
Stefan_Sp
Forgot to say: Great analysis as ever, thanks for that.
Stefan_Sp
I think we should consider BTC havling which occurs in March. Last 2 cycles it went up before 2nd half of the year.
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