Bitcoin Rollercoaster Ahead: Anticipating a Dip Before a Potential Surge! ๐ข๐
Get ready for a crypto journey, as the Bitcoin predictions take a bold stance. I'm willing to bet that Bitcoin, marked as $BTC could experience a substantial dip of 28-45% before April 21st. Brace yourselves for a possible climb to 53-56K in the upcoming weeks, but caution is advised, especially for long positions, as a significant pre-halving crash could trigger liquidations.
Newsflash: The anticipated spot ETFs might not bring immediate utility to the market. The reality is that about 9 out of the 11 still need to complete their "S" filings, a process taking 30-45 days. Moreover, a cautious approach is expected from fund managers, with no sudden rush to invest substantial amounts in these spot ETFs.
This year, don't anticipate a surge in utility from these approvals โ it's all about the hype and FOMO driving the market in the short term.
Prepare for a gloom and doom narrative surfacing before the Bitcoin halving, potentially leading to a consolidation of prices within the range of 28-45%. However, don't let this temporary setback deceive you; a rebound is anticipated within 2-3 weeks, launching Bitcoin on an upward trajectory.
In my humble opinion, this consolidation might be the final significant price break before an ascent, making it an opportune moment for stacking those altcoin bags.
Remember, this is just my take, and I'm nobody special โ just sharing my insights! ๐ป Stay tuned, stay informed, and join the conversation.
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