Already at 100k and it will go further up from here but we might see some correction in price, be ready for that if that happens.
How are we going to be ready? You are just saying mentally ready or are you suggesting some other kinds of preparations for corrections?
Apart from mental readiness, one must have some spare cash in hand that can help in buying Bitcoin if it falls back. After spending few years in bitcoin I am ready for all sort of ups and down. My trust in bitcoin is that it will go up in the long run.
The way Bitcoin is going on at the moment it defiantly looks like it will hit 150k or 200k very soon. Being an analyst of Bitcoin price pattern for last few years, its my analysis that such huge rally is not possible and we might see correction in price anytime soon. Bitcoin is very ruthless in going bearish from bullish. In any case, we must be ready for all possibilities since we have seen lots of ups and downs of Bitcoin. Keep some cash ready in your wallet in case price goes down.
Your analysis sounds pretty weak. hahahahahaha
You are correct that the BTC price goes up and it can come crashing down, especially when it goes up very quickly in a short period of time.
Part of the problem that I see with your current analysis is that you are stating a widely believed perspective that seems to cause it to be less likely to come true.
Do you really think that the market is going to allow a bunch of newbies, traders and likely weak hands to come into bitcoin and then sell most if not all of their BTC at or around $100k and then conveniently be able to buy it all back at 15% to 25% cheaper. Bitcoin crashing at or around the place that so many weak hands are selling way too much too soon makes little to no sense to me, even though sure it is possible that it could happen, but it is not my base case.
My base case would be at least another 15% to 25% up from here, and then maybe a crash at that time (and maybe not). I hate to get too tied up in any specific scenario since it is best practice to always be prepared financially and psychologically for either direction, yet how any of us prepares depends on where we are at with our bitcoin accumulation, and so I am surely not referring to trying to trade as a way to prepare.
To me, it sounds like you might be talking your book. You already sold a decent amount in order to be prepared, and you are planning to buy back around $85k or whatever. Hopefully it works out for you and you are not getting distracted away from what should be your ongoing BTC accumulation focus.. which I would suggest at most just keeping a bit of extra cash to buy potential dips, while not really expecting any kind of dip around these here parts... but, hey whatever. You do you.
Weak hands are called weak for a reason. Trust me if they sell at 100k and bitcoin goes down by 10 or 20% these weak hearted people won't have the courage to buy Bitcoin at that dip. It's seen that whenever bitcoin goes up, new comers join in to book there profit while when market goes down they start saying Bitcoin is going to zero.