Re: Bitcoin price analysis; What levels are we waiting for?
Down to $10,300 now and it doesn't look like the dump is stopping there. I can only hope it bounces off $10K.
Everyone thinks they are experts during a bull market hehe.
I agree that there will be major shakeouts next year.
DonAlt, one of the leading Bitcoin traders,
the internet is filled with newbies who think they understand how bitcoin trading works like this dude The next year will be full of temptation to sell and the wringing out of weak hands. I suspect those who make it to November of 2021 with their wallets in tact will be quite pleased.
What level will it hit? Im not sure, but I feel pretty good about calling the end of next year as the time to consider selling.
Is your optimistic analysis based on BTC's four year cycle?What level will it hit? Im not sure, but I feel pretty good about calling the end of next year as the time to consider selling.
I agree that there will be major shakeouts next year.
Yes, if you look at the chart, it is analyzed based on the previous bitcoin cycle.
And I think the leap you talked about is likely to happen later this year.
If this current resistance is broken, we will have to wait for an important event.