Post
Topic
Board Speculation
Re: $35,000-$37,000 for Bitcoin in 2023 as my peaking barrier, is breakout feasible?
by
Tytanowy Janusz
on 30/04/2023, 08:17:45 UTC
Do you guys believe it would surpass $35k-37k this year?

35-37k is a major resistance. I have my take profit orders for my short/middle term positions right there. I see a high risk that these levels will not be broken and we will realize a scenario similar to 2019, when we jumped from $4k to $14k and then fell to $5k. This is how I see the situation now. Pump just to 37k, maybe even 45k and dump back to 20k. At the same time, 45k seems unlikely to me before some solid correction or at least a longer consolidation.