There won't be a correction for Bitcoin. Not now, not yet. The reasons why I already explained in several earlier publications that predicted the current scenario. The bullish breakout that is from the long-term consolidation range. That's the reason, that's the reason why Bitcoin will not go lower without first going higher.
Since Bitcoin consolidated for 7 months below $110,000, it will continue climbing until it reaches higher.
The next target is $137,000. At this point a correction can develop and if it does, we don't expect this correction to last long. The correction can be strong, deep, surprising, but it cannot be long in duration. That is because Bitcoin is headed toward $155,000 and that's the main level for this bullish wave. Until this target is achieved, nothing can stop the future of finance, Bitcoin is moving ahead.
The proof is in the altcoins market. "The altcoins follow Bitcoin." In the current situation, Bitcoin is consolidating while the altcoins grow. If Bitcoin were to crash, the altcoins wouldn't move one dollar higher. In fact, they would be crashing even stronger and faster.
Bitcoin would need to just falter for one day for the altcoins to crash to new lows. What is happening now? Bitcoin can shake; Bitcoin drops; Bitcoin consolidates, and the altcoins continue to grow. That's the proof that the next mainโmajorโmove is an advance for Bitcoin. Never SHORT Bitcoin when the market is bullish and strong.
Bitcoin is a growing phenomenon, it is very young. Just think of the US Dollar or Gold. How old are these instruments? How old are market securities and stocks? Some corporations are hundreds of years old. Countries? Thousands of years and still living... Bitcoin can have a life span of 80 years, 140 years, 200 years, 500... who knows. It is a question market. But there is no doubt that it is young. When you are young, you cannot stop your own growth. Bitcoin is already growing and will continue to do so. I will not be surprised when I see Bitcoin trading at $1,000,000+. It might take several years, but several years back Bitcoin was trading at $5k. What's the price now?
$120,000. Trading near resistance is bullish. No corrections. No drops. No retrace.
Thank you for reading.
Namaste.
Since Bitcoin consolidated for 7 months below $110,000, it will continue climbing until it reaches higher.
The next target is $137,000. At this point a correction can develop and if it does, we don't expect this correction to last long. The correction can be strong, deep, surprising, but it cannot be long in duration. That is because Bitcoin is headed toward $155,000 and that's the main level for this bullish wave. Until this target is achieved, nothing can stop the future of finance, Bitcoin is moving ahead.
The proof is in the altcoins market. "The altcoins follow Bitcoin." In the current situation, Bitcoin is consolidating while the altcoins grow. If Bitcoin were to crash, the altcoins wouldn't move one dollar higher. In fact, they would be crashing even stronger and faster.
Bitcoin would need to just falter for one day for the altcoins to crash to new lows. What is happening now? Bitcoin can shake; Bitcoin drops; Bitcoin consolidates, and the altcoins continue to grow. That's the proof that the next mainโmajorโmove is an advance for Bitcoin. Never SHORT Bitcoin when the market is bullish and strong.
Bitcoin is a growing phenomenon, it is very young. Just think of the US Dollar or Gold. How old are these instruments? How old are market securities and stocks? Some corporations are hundreds of years old. Countries? Thousands of years and still living... Bitcoin can have a life span of 80 years, 140 years, 200 years, 500... who knows. It is a question market. But there is no doubt that it is young. When you are young, you cannot stop your own growth. Bitcoin is already growing and will continue to do so. I will not be surprised when I see Bitcoin trading at $1,000,000+. It might take several years, but several years back Bitcoin was trading at $5k. What's the price now?
$120,000. Trading near resistance is bullish. No corrections. No drops. No retrace.
Thank you for reading.
Namaste.
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๐จ TOP FREE Trades
ETH +1450% ยท AAVE +1134%
XRP +749% ยท DOGS +868%
BTC +563% ยท SOL +658%
t.me/anandatrades/1350
๐จ FREE Analyses & New Results
t.me/masteranandatrades/6499
๐จ PREMIUM LIFETIME (Since 2017)
lamatrades.com
ETH +1450% ยท AAVE +1134%
XRP +749% ยท DOGS +868%
BTC +563% ยท SOL +658%
t.me/anandatrades/1350
๐จ FREE Analyses & New Results
t.me/masteranandatrades/6499
๐จ PREMIUM LIFETIME (Since 2017)
lamatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.