MachiavelliTrader

Anticipate Imminent Price Dip in BTC 1n 2024 B4 the real pump

Short
MachiavelliTrader Updated   
BINANCE:BTCUSD.P   BTC Perpetual Futures Contract
I maintain a bearish outlook on both Bitcoin and altcoins. After returning to the $44k range, it appears poised to decline to the $40k to $38k range. I've been anticipating the end of the bull run for a while now, and my stance remains unchanged. Between now and February to April, a retest of the $35k range seems probable. Depending on selling pressure, the two months preceding and following the halving could lead to a dump, presenting an opportunity to buy at a lower price. If selling volume increases, hitting $38k is likely. We anticipate revisiting the $40k support level, with the potential to dip down to $38k. For those holding short positions, patience is key. Stay vigilant and avoid being lured by rumors about BTC ETF approval; it could be a setup to trap latecomers to the boom.
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