BTC, oh BTC: Retail investors is waiting for bloody Massacre
The large investors, or "whales," are selling off a portion of their holdings to lock in profits. They intend to continue manipulating (Consolidating) the price until the upcoming halving event later this month. They might even push the price as high as $77,000 to incite more fear of missing out (FOMO) among retail investors. After the halving, their targets are as follows: TP1= $51,000, TP2= $45,000, TP3= $37,000. If the cryptocurrency market experiences a scenario similar to November 2021, we could potentially witness a drop to $22,000.
Disclaimer:
Trading inherently involves risk, and past performance does not guarantee future results. Only trade with funds you can afford to lose, conduct your own due diligence, and thoroughly understand the associated risks. This chart represents my personal opinion and is shared for educational purposes only. It does not constitute financial advice.
Disclaimer:
Trading inherently involves risk, and past performance does not guarantee future results. Only trade with funds you can afford to lose, conduct your own due diligence, and thoroughly understand the associated risks. This chart represents my personal opinion and is shared for educational purposes only. It does not constitute financial advice.
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.