This is my bullish scenario for BTC which only occurs if the greed is too strong below 7k. I can see us hitting 5k so this is in no ways a prediction -- it is merely how I see BTC reversing if it does. Everyone else seems to think there will be this huge moon bounce, but I think the market will be jaded and skeptical for a long time.
When BTC hits 10k it may drop sub 8k or maybe it spikes to 12k or even 14k. The moon bounce will only happen when the masses collectively want it and they're willing to bet on it. To me that won't happen until we are over 15k and the previous ATH seems possible.
When BTC hits 10k it may drop sub 8k or maybe it spikes to 12k or even 14k. The moon bounce will only happen when the masses collectively want it and they're willing to bet on it. To me that won't happen until we are over 15k and the previous ATH seems possible.
Trade closed: target reached:
Target reached. Time will tell if this was the bottom or if we go down further. Either way looking back a year from now, I will be satisfied with this entry.