BitcoinLong
Bitcoin 1D Pitchfork & Correlating Tops Where To Next For $BTC
Basic little draw up from now just checking market sentiment with the MACD providing great analytical insight into where we are NOW and were we were MID bull run from 75k ATH to 109k. See the bearish MACD over the ATH of 75k and the same over the 109k ATH. We are back to zero on MACD we should see small dips or sideways movement but more volatile as price is higher. It will always seem more volatile as %s of BTC price are larger. So 10% drop or gain now on 93k is 9.3k where when 1 BTC was 9.3k 10% drop or gain was only $930! Yes same % loss or gain but more capital required to make or loose hat 10%. Still you can always order less but this is just a sentiment driver when you look at the % math of now and back in the day even 4 years ago or pre covid.
Currently we sit at $93,250 USD at time of writing. Up from the down turn to 91k. IF we keep the market moving up growing and more $ flow in to longs and or buying bitcoin the better.
I think also as its in a DIP phase people WONT be selling who brought in at or between 50k-80k. At least I wouldn't be. Even if it goes to any price pre Covid so under 25k~ This will take a while to occur with many chances to exit before or you will see much increase from where we are now.
The market sentiment is good. Its down but its still dominant and will be for another 10 - 100 years plus. It's almost perfect and the coins doing other things BTC can mostly achieve but in directly. However it is no1 and will stay that way for some time.
Love you Holders let us know you thoughts on this projection to upward of 200k within a few 6 months ?
Not finical advice I trade on my own and use my own methods the post here isn't method to trade its just an assumption of what could happen with little degree of success. Thanks for reading!
BTC was 9.3k 10% drop or gain was only $930! Yes same % loss or gain but more capital required to make or loose hat 10%. Still you can always order less but this is just a sentiment driver when you look at the % math of now and back in the day even 4 years ago or pre covid.Currently we sit at $93,250 USD at time of writing. Up from the down turn to 91k. IF we keep the market moving up growing and more $ flow in to longs and or buying bitcoin the better.
I think also as its in a DIP phase people WONT be selling who brought in at or between 50k-80k. At least I wouldn't be. Even if it goes to any price pre Covid so under 25k~ This will take a while to occur with many chances to exit before or you will see much increase from where we are now.
The market sentiment is good. Its down but its still dominant and will be for another 10 - 100 years plus. It's almost perfect and the coins doing other things BTC can mostly achieve but in directly. However it is no1 and will stay that way for some time.
Love you Holders let us know you thoughts on this projection to upward of 200k within a few 6 months ?
Not finical advice I trade on my own and use my own methods the post here isn't method to trade its just an assumption of what could happen with little degree of success. Thanks for reading!
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