I WARNED YOU! If you want to know where $BTC could go in the short term, this post is for you!
As I said in the last post, there was a high probability that #bitcoin would break upwards from the ascending triangle. HOWEVER! I don't think it's time yet, due to the fact that it wasn't such a significant break and there wasn't that much volume to confirm this movement.
1- What are the expectations? If the upward break (above 106k) is confirmed with volume, BTC is expected to reach a high of up to 125k. From there, I expect a retest of 100k before we can go up further.
I also attached an image for information purposes about BTC's logarithmic channel with all its cycles. Take a look at what BTC will do if it follows this pattern within the channel. The expected average for April would be $220k
2- In my previous posts, many beginners ask about “proof.” The reality is that, just like any market, no one has a crystal ball. What we do is make a prediction based on past data and the study of human tendencies.
3- Regarding $FET , $RENDER , and the entire market of #AIAltcoins , I am still very hopeful. In the case of FET, we have not yet broken the descending triangle in the FET/BTC pair of more than 280 days. I believe that when this happens, we will have a strong rise.
4- Finally, the#altcoinsmarket should still suffer a little in the coming weeks, until Bitcoin dominance falls again. As long as it is below 58%, we are still fine. We can possibly reach 61% dominance again and make a double top before falling. But at the moment, we can't say anything for sure.
As always, this is not financial advice. Do your own research and studies.
Remember, the key is patience! Don't give up on your strategy halfway through, don't chase highs. CRYTPO tends to surprise us positively when we least expect it!
If this made sense to you, keep reading 😘