🚨 Huge Resistance Near 110K — BTC Could Crash Down to 80K in Coming Months. What do you think?
Honestly, I don’t see it that way. As long as there’s no significant reason that bitcoin price will drop again, then there’s less chances to see bitcoin price going on a correction again. Instead, what I am seeing is that bitcoin will continue to surge high and skyrocket to the moon, until it end up surprising us again with its new all time high.
Bitcoin moves on its own path and will give us its new all time high soon, it’s just that we can’t be certain when it’s going to happen.
The market is very unpredictable, anything can happen. As a smart investor, what we need to do is always plan for both market scenarios, instead of just making predictions and believing that things will turn out as we predict. Just because we believe bitcoin is going to go up in price and go to the moon, doesn't mean it will happen as we expect, the market doesn't work that way.
Bitcoin has no path of its own, it is like many other assets. In the long term, bitcoin and other assets like stocks, gold will grow due to inflation, currency devaluation...but in the short and medium term, it is difficult to say what will happen.