¿El precio de Bitcoin (BTC) caerá un 20% en las próximas semanas?
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Will Bitcoin (BTC) Price Crash 20% in Coming Weeks ?
Will Bitcoin (BTC) Price Crash 20% in Coming Weeks ? Here’s What Crypto Expert Michael van de Poppe Predicts#Bitcoin rallies to $50,000 and higher, are we going to see $100,000 in the next few months?The ultimate question is what the price of Bitcoin is going to do in the upcoming period.The inflow has netted more than $2 billion in a week. What can we expect with Bitcoin? 👇The price of Bitcoin has been accelerating. Prior to the ETF a rally from $25,000 to $49,000 has been taking place. Since then, the sentiment quickly shifted towards an ultra-negative sentiment indicating that the markets had to go down to $30K due to the outflow of GBTC.However, markets reversed from $39K indicating massive interest in the Bitcoin Spot ETFs resulting into a peak at $53K and a constant inflow. What does that mean to us?1⃣ - Sentiment is always a wrong indicator. This remains to be valid. Here are a few examples of the recent sentiment:- Prior to the ETF approval, rumours of a potential new ATH of Bitcoin to be reached where stronger and stronger. Ultimately, the potential approval itself was an indication of potential strength of the markets, resulting into the rally from $25K to $49K. However, the strength of the markets was already reflected in the actual price action, but sentiment always overshoots as emotions are reflected into scenarios, hence why emotions have a bad impact on trading/investing. - The second example was the actual correction from $49K to $39K resulting into a negative sentiment. Why?Outflow on GBTC has been taking place and as a result, the expectations where that this outflow was going to have a continuous negative impact on the markets resulting into a wider correction. Again an example of sentiment overexceeding the reality.- The third example is the current momentum. The markets are seeing a tremendous amount of interest into the markets based on the inflow in the Spot ETFs. However; does that mean that the interest is going to remain continuous. What if the interest is slowing down? Or the outflow from Grayscale increases? Or other macro-economic impacts are going to have an impact? Emotions always exceed reality and sentiment overshoots the price action by a mile, that's why people start to lose money. Markets are pricing in events at all times, whether you like it or not. 2⃣ - What should be your gameplan if you want to invest into #Bitcoin? A relatively strict and simple gameplan. You should divide two things when it comes to gameplans.- Trading or swingtrading purposes. Ultimately, a trade is defined on the horizon that you're looking to hold the asset (including the timeframes you're using for your analysis). If your horizon is relatively short, then it might not be +EV to buy an asset that appreciated 35% in 10 days. Same goes for swingtrading purposes.Why is that?Well, let's assume that the risks of a correction have increased. If you think that a correction to $45K has a chance of 30-35% and a potential upwards push to $60K has 60% chance, it might be -EV to actually take the trade. If markets correct from $55K to $46K and are seeing a 20% correction, those odds of an upwards move and downwards continuous correction are flipping more in favour of a long. That's the methodology you should be using when it comes to trading.- Investing purposes. This basically comes down to your risk appetite, and again, horizon. If you want to start investing, I would suggest to wait for a standard 20-40% correction on Bitcoin to happen. You'll tackle a few important points: buying in corrections (the opposite of the sentiment at that point) and being able to control those emotions.However, if your horizon is 2-3 years from now and you suspect to see Bitcoin at $150K+ in that window, then there's no big issue of starting to scale in at these prices. Once again, there's more confirmation to enter the markets in a correction than in an upwards push.3⃣ - What are the expectations? Honestly, I think the moment that macro-economic events are slightly negative (we've seen a slightly higher CPI last week), it would suggest that we're going to see a correction. This can also be a case where the inflow is decreasing or any other factor (remind yourself: there are more parties involved in the markets outside of the ETF who could be selling) leading to a switch in sentiment and therefore a substantial correction. Those corrections, with the current sentiment, are going to be swift. I don't know exactly from where these will happen, but given the data it's reasonable to suspect that the markets are peaking between $53-58K and are getting a 20-40% correction from there. #Write2Earn Whether it's going to be in the coming weeks, or whether it's in March, I don't know. What I do know, is that markets are moving organic and do have those corrections, despite the overall sentiment.$BTC
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