Post
Topic
Board Bitcoin Discussion
Re: Bitcoin All-Time High almost reached yesterday
by
TravelMug
on 27/11/2024, 09:58:17 UTC
It's funny because a lot of people think this $95k-$100k range is the "take profits" zone. Trust me. The crypto summer has barely started. We have a long pump to go.

You can't blame them though, I mean just imagine if you have been doing DCA for at least 2 years and you have that target to take profits at $100k. So it make sense for others to go and sell at that price level.

And with that, when the 'weak hands' has been shaken and it has been, causing the price to fall at $91k. But it's good though, as we all know that during this kind of market correction there is a great opportunity to enter and maybe those who will have have a target of at least $150k to take their profits. That is really the market cycle and it added liquidity if there are going to be sellers at some level.