Hi All,
BTC is on a downwards trend with the dotted lines giving some idea of where it may bounce. Regardless, and based on history, it seems a third rise in this run (which began Jan 2023) will end in or around the 33,000 USD to 36,000 USD range this summer.
All else is speculation, so that is the reason why I am brief.
The speculation is:
Drop to white lines, bounce around and above and hit the said target sometime this summer before decreasing its price to some as yet unknown levels.
----
Pros: If you want to buy BTC and don't have the capital to do so right now, I believe you will have a better opportunity to buy later this summer or early this Fall.
Cons: None!
Cheers.
BTC is on a downwards trend with the dotted lines giving some idea of where it may bounce. Regardless, and based on history, it seems a third rise in this run (which began Jan 2023) will end in or around the 33,000 USD to 36,000 USD range this summer.
All else is speculation, so that is the reason why I am brief.
The speculation is:
Drop to white lines, bounce around and above and hit the said target sometime this summer before decreasing its price to some as yet unknown levels.
----
Pros: If you want to buy BTC and don't have the capital to do so right now, I believe you will have a better opportunity to buy later this summer or early this Fall.
Cons: None!
Cheers.
Comment:
My previous (just for fun) idea which was short term unlike the current one above:
Comment:
Bitcoin just obliterated the large line. Seems to be preferring the bottom of the channel. Next couple days will be very interesting.
Remember to never use ideas posted on my profile as any type of financial advice. I am even more adamant about this with cryptocurrency ideas.
Remember to never use ideas posted on my profile as any type of financial advice. I am even more adamant about this with cryptocurrency ideas.