Where do we go next?

in bitcoin •  3 years ago 

Here's one possibility for where bitcoin goes from here...

There is one thing I have noticed about price moves over the years, they tend to retrace the majority of the original move at some point.

Look at charts and you will see what I mean.

There are so many times you see the price go up for a couple days only to go down the next couple and retrace that move.

It's on bigger moves as well.

Here's one possibility for what comes next for BTC:

image.png

(Source: https://twitter.com/theo_crypto99/status/1402295043206037508/photo/1)

I am not sure it gets as high as this graphic indicates, but a move to $48k seems very possible to me.

The only question is, what is going to get us there?

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Yeah I have noticed the same thing. It is obvious market manipulation. Pro Traders create movement and take advantage of retail traders. This will often happen around news and hype to a specific crypto. I talked about this subject today in my post how low can it go? I am prospectorp if you would like to read what I wrote.