Bitcoin has been moving sideways in a tight range for the past few days, even though the daily chart shows clear overbought. This has created uncertainty among investors, with some anticipating a correction and others betting on a continuation of the bullish rally.
I am leaning towards the second option. Because?
There are more people betting that bitcoin falls so I believe that this factor will have a great weight in the performance of bitcoin and could reach $55,000, thus liquidating the over-leveraged bets.
However, it is important to remember that the cryptocurrency market is unpredictable. There is always a chance that Bitcoin corrects before reaching $55,000. So this is not investment advice.
Ultimately, the next few days will be crucial in determining the short-term future of Bitcoin. Will there be a correction or rocket towards $55,000? Only time will tell. #Write2Earn #Bitcoin
And you do you think? Will we have Bitcoin at 55k or a big correction?$BTC
