I want to analyze and discuss Bitcoin's future movements without any unnecessary chatter. Looking back at my previous analysis of BTC, I mentioned that I was waiting for lower prices to buy Bitcoin, and it seems we are at the beginning of the correction waves I was anticipating.
I have identified three price levels where I plan to invest. It may take days or weeks to reach these levels, but once they do, I will buy Bitcoin and wait for it to reach $135,000 or even higher.
I expect the price to continue its downward trend, potentially reaching $70,000 or lower. I plan to make my purchases at $80,000, $75,000, and if the price hits $67,000, I will invest my full budget. My first target is $135,000, which I believe could be achieved in the coming months or years.
IMPORTANT: I will sell my holdings if the price continues to drop to $54,000. This could lead to significant issues for Bitcoin and its holders, so if that happens, I will exit my position and wait for new upward momentum.
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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.