Bitcoin may pull back a bit here before ultimately going higher...
As I mentioned numerous times in my recent posts, bitcoin is likely to go higher than this over the next couple years...
However, in the very near term, it may due for a bit of a pullback first.
In the short term we just broke an uptrend line and have plenty of room to the downside to around the $20k area...
Check it out:
(Source: https://twitter.com/PEAKDEFI/status/1559910511483011072/photo/1)
I don't expect the price to break the previous lows around $18k, but it may retest em.
For me personally I am expecting a pullback to the $20k area and that's where I will be looking to get long again in my trading account. My long term holds are still holds and not something I trade on little dips like this one.
Great Crypto post. We've reshared it.
🙏🔁👍
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Upvoted! Thank you for supporting witness @jswit.
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I feel $16k would be the area for a stop still $18k as you said would be a very nice opportunity for longs if appears. Also SP500 at its weekly trendline resistance so a pullback possibility is much higher.
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Agreed. The fact that bitcoin has been lagging stocks lately doesn't give me much confidence right here, especially if we get a pullback in stocks...
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I think that this will get a leg up with ETH about to merge
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I honestly don't see how bitcoin can go up with the economy the way it is, and the fact the banks keep talking about CBDCs.
I some how doubt they plan to have central bank digital currencies and then have open and free systems along side them.
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Yea, well most of these things won't really be used for payments is my guess. They will be utility tokens to participate in the ecosystem or investments.
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Ahh yes this is a good point, i think you could be right there.
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