What's Next for $BTC ?! 📈 or 📉
As I mentioned earlier when Bitcoin was below 67k, I predicted it would rise to 73k. It almost hit 73K, reaching around 72.8K, which is close enough. Now, where will it go next?! Let's look at some factors influencing its movement:
1. Whales 🐋
2. Halving 💸
3. Correction ✒️
4. Pattern 🌴
Let's break it down:
1. Whales: These big investors can manipulate the Bitcoin market with their large funds, coordinating moves to crash or boost the market.
2. Halving: Bitcoin undergoes halving every four years, and this year is no exception. After the April 2024 halving, Bitcoin's situation will gradually change, with a typical decrease followed by a surge.
3. Correction: Despite its rise, many are withdrawing funds from Bitcoin, leading to a correction where the price may dip for a few days. Corrections are a normal part of any coin's journey.
4. Pattern: By studying past year movements, we can anticipate similar trends. Last year, Bitcoin surged after halving, preceded by a dip. We hope to see a similar pattern this year.
My conclusion boils down to two actions: Bitcoin will dip to 50k, then skyrocket to 100k. To the moon! 🚀
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Disclaimer: Third-party opinions included. Not financial advice. See T&Cs.
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