I looked at the circumstances. I'm not an analyst. But I discovered a similarity between the peaks. And I think the enthusiasm has waned. Maybe they don’t believe it’s worth more than $ 65,000. I think if we failed to break through the $ 65,000, we’re going down. I expect a roughly 50-60% correction. If we break through the 65,000, we can definitely go higher. Up to $ 100,000.
What do you think?
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When we broke the 50-day moving average from such a high peak, we went down for a long time.
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People are always hoping for a new peak. They buy for that. If there is no new peak then it will be sold. And come the bear market.
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We reached the $ 50,000 level again. Failed to crack. We will see lower levels soon. Be careful.