Bitcoin back to all-time high?
GOOD DAY, CRYPTO FAM
Bitcoin has been moving nicely since my last newsletter and I do have to admit I was slightly on the “wrong side’ by expecting that Bitcoin wouldn’t break above 50k just yet but in fact, it did break above 50k which as a holder makes me happy even though I did not expect it.
Let’s see what is next for Bitcoin + I have a very interesting analysis to share with you all which will give you a good perspective on what to expect in 2024 and as extra I’ll talk about the state of the alt coin market.
Technical analysis bitcoin
The biggest question people have right now is “Will there be a big correction or not” and the truth is we can’t know until certain key levels get broken. Is it possible? yes.
To anticipate a big dump we’ll first need a break back below 45k, this would confirm that bears might be looking to take control and the price has a high probability of going back to 41k which is a structural key zone.
A break below 41k would confirm more downside toward 37k again.
However, I do not like to '“predict” these things as we have to see key level per key level, and as for now, the price is looking pretty bullish and good for continuation toward 53k and potentially higher toward its ATH.
Whatever the market does in the short term is noise for me and I simply ignore it. If we have the opportunity to see a dip, I’ll be more then happy to buy more and larger my positions but if the dip isn’t as big as many tend to expect that is also fine by me as I am already very well positioned since the bottom and been flowing with my game plan ever since.
Notice how many are “hoping” on another big dip, this is because they weren’t active when they had to buy which was when we were under 35k and ideally at the bottom which is repeated many times here in the newsletters, those who followed are in good profits.
Let’s talk about what matters, an analysis that will prepare you for what to expect for the rest of the year. 👀