Anticipate Imminent Price Dip in BTC 1n 2024 B4 the real pump
Updated
I maintain a bearish outlook on both Bitcoin and altcoins. After returning to the 44k range, it appears poised to decline to the 40k to 38k range. I've been anticipating the end of the bull run for a while now, and my stance remains unchanged. Between now and February to April, a retest of the 35k range seems probable. Depending on selling pressure, the two months preceding and following the halving could lead to a dump, presenting an opportunity to buy at a lower price. If selling volume increases, hitting 38k is likely. We anticipate revisiting the 40k support level, with the potential to dip down to 38k. For those holding short positions, patience is key. Stay vigilant and avoid being lured by rumors about BTC ETF approval; it could be a setup to trap latecomers to the boom.
Note
Note
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.