We broke the 1T cap, 56k in no time. The play here is very simple.
1. Continuous uptrend gives 75k-78k before any major correction, with 30%, we back to ~52k for consolidation. (personally, I think this is more likely)
2. pullback for consolidation at 50-52k, then one leg up to 75-80k range and consolidate there.
As for the 100k target, we might encounter some heavy sell volume as I believe a lot of us will take our 10-20x profit off the table.
Either way, to all the HODLERS, we are halfway there already. :)
To all the newcomers, you will constantly experience a bull lockout mode (assume you believe we are in a huge bull market), which all you can do is buy now and add more at support, then sell at the target level.
1. Continuous uptrend gives 75k-78k before any major correction, with 30%, we back to ~52k for consolidation. (personally, I think this is more likely)
2. pullback for consolidation at 50-52k, then one leg up to 75-80k range and consolidate there.
As for the 100k target, we might encounter some heavy sell volume as I believe a lot of us will take our 10-20x profit off the table.
Either way, to all the HODLERS, we are halfway there already. :)
To all the newcomers, you will constantly experience a bull lockout mode (assume you believe we are in a huge bull market), which all you can do is buy now and add more at support, then sell at the target level.
The seasonal bull cycle for bitcoin usually starts around April/May. Targets remain the same.
Worth case: bitcoin topped at 58k, and consolidate for a long period. Then suddenly starts pumping and a double the top end of 2021/early 2022 above 100k.