A co-worker came up today telling me they made a coinbase account and are looking to get into crypto.
Give or take a squeeze up to the macro 78.6% retracement around 51k, the top should be in. I don't believe the bear market has concluded, and that this entire move from the FTX crash low has just been a bear market rally of BTC magnitude.
The majority of BTC maxis, hodlers, dca investors and fundamental bulls do not count 10k as a possibility, which leads me to conclude that its more likely than all time highs at this point.
The news and/or events that cause the downswing are unknown. I do not recommend to short rather to take profits on existing positions with the goal to buy more at a lower price.
10k, 6k, and dare I suggest lower are all possible.
Give or take a squeeze up to the macro 78.6% retracement around 51k, the top should be in. I don't believe the bear market has concluded, and that this entire move from the FTX crash low has just been a bear market rally of BTC magnitude.
The majority of BTC maxis, hodlers, dca investors and fundamental bulls do not count 10k as a possibility, which leads me to conclude that its more likely than all time highs at this point.
The news and/or events that cause the downswing are unknown. I do not recommend to short rather to take profits on existing positions with the goal to buy more at a lower price.
10k, 6k, and dare I suggest lower are all possible.