BTC: Is The Heat On?
We all know what the buzz is about. Do I have to say it? I can only imagine the size of your bags at the mo. Fear and greed are now at 94. Those who have read my writings will recall that I said once BTC goes above $72k, the price will rise fast. I also said $100k is in the offing. We got very close a few days ago. Futures traders will recall there was a very brief moment at $100k.
As of this writing, BTC's price has dropped to $96896. Should we be worried? No! There is also a minimal supply area between $97k and $98k. Once BTC breaks through that range, we are on for $100k. We will also see that a $100k BTC will quickly become a $110k BTC. I posit a price of about $123k sometime in the future. So, is the heat on? Yes, it is! And as for how soon we will see post $120k, your guess is as good as mine.
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