How high could this
BTCUSD
pump go?
48K
is a solid level to exit.
I can understand HODLing through the ups and downs, but if you're long with leverage, 48k seems like a great place to exit a trade.
I know I just made a price prediction for $136k for Bitcoin, but I think a temporary retrace is likely. Especially if the ETF is announced, and many traders exit to take profits.
"Buy the rumor, sell the news." We are in the rumor stage, people.
- There was a local low at
48K
in March of 2022.
- The Fib retracement level .618 between the ATH of
69K
and cycle low of $16k is at
48K
- Many traders are talking about exiting at this level, which will bring selling pressure
I can understand HODLing through the ups and downs, but if you're long with leverage, 48k seems like a great place to exit a trade.
I know I just made a price prediction for $136k for Bitcoin, but I think a temporary retrace is likely. Especially if the ETF is announced, and many traders exit to take profits.
"Buy the rumor, sell the news." We are in the rumor stage, people.