Bitcoin Bull Market Forecast !
As expected, Bitcoin investors gobbled up Wednesday's dip. Looking onchain, many traders shorted these lows. I expect this short piling will continue as traders are clouded by recency bias. Continuous short liquidity combined with parabolic precious metals bull trends will take Bitcoin to 28k - 32k by late February. After a pullback, late longs and continued shorts will take Bitcoin to 48k. Once Bitcoin peaks, the second half of the bear market can begin as sellers compress Bitcoin to 21k by September - November 2023!
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