BTC Update 🥇
BTC has been on tear with the recent pump surprising us all and breaking past 11.2 after a brief period of consolidation.
We do however expect a retrace to happen over the next few hours back down to 11.2 and maybe even worse 10.9. If anyone has been watching the market closely, crypto is on a bull run! However, the question on everyone's mind is, where is the top?
We think Bitcoin will eventually break past 12k and perhaps even 14k, but a retrace has to happen first in our opinion. The longer we go without brief periods of retracement or consolidation, the worse it will be when it does happen.
If you're bullish on Bitcoin, you want a retracement to happen, and this is the price point we think it happens before possibly breaking past the key 12k level.
BTC has been on tear with the recent pump surprising us all and breaking past 11.2 after a brief period of consolidation.
We do however expect a retrace to happen over the next few hours back down to 11.2 and maybe even worse 10.9. If anyone has been watching the market closely, crypto is on a bull run! However, the question on everyone's mind is, where is the top?
We think Bitcoin will eventually break past 12k and perhaps even 14k, but a retrace has to happen first in our opinion. The longer we go without brief periods of retracement or consolidation, the worse it will be when it does happen.
If you're bullish on Bitcoin, you want a retracement to happen, and this is the price point we think it happens before possibly breaking past the key 12k level.