Recently we have seen bitcoin pull backs and some good break of structures, the recent surge in the price of bitcoin was seen to be attributed to the approval of bitcoin spot ETF. however, it came with a sudden decline in price as miners offload thier heavy holdings worth over 10400 BTC. Bitcoin struggles withen the fallen price of $39745, as it breaks to the light of $42100 as at 26/01/2024. Today bitcoin makes a pullback correction to 41700. Expectators are still hopeful.
BUT WHAT SHOULD TRADERS BE EXPECTING?
Traders should expect to see bitcoin at $46,000 to $50,000 on the next swing high. So it is important to open a long position as trader to target $46,000. Or as an investor, you can accumulate the asset to sell at the next strong resistance zone.
For me I am strongly sure of the $46,000 to $50,000. So guys keep your eyes on these and trade wisely.
