We likely get one more shot...
If you have been waiting on an entry for Bitcoin, you likely get one more shot...
If history is any indication, which it usually is with bitcoin, we are on the cusp of a medium term pullback.
That pullback likely takes prices to the $26k area, maybe the $25k area.
This would be in line with what it did back in 2019...
Check it out:
(Source: https://twitter.com/TATrader_Alan/status/1652941395525795843/photo/1)
The question then becomes, who will buy that dip?!
At $30k everyone says they will buy the next dip, then when $26k hits they will say no I will wait to buy it at $22k.
The problem as you can likely guess is that they never actually get in.
I agree but we could encounter the recession this year or the beginning of next year. So, befor $200k, there will be many corrections and consolidations.
This is the most telegraphed recession in history, my guess is it won't be that bad because of this.