And, again, talks about $100,000 for BTC. I’ve heard this somewhere before... Oh yes, in 2017, 2021, and a couple of times in between. But let’s look at the current situation through the lens of healthy skepticism.
So, the price, as the seasoned "analysts" write, "is squeezing into the resistance zone." A great metaphor, as if BTC is a boxer in the corner of the ring, about to deliver a crushing uppercut. But the truth is, we are likely witnessing yet another show: a worn-out script called "Hype the crowd, then leave them in the cold."
Optimism up to 100K? Well, well
You are being asked to believe in "breaking and rising to 100K." Of course, it sounds tempting. Remember how it worked before: loud predictions, whales take liquidity at highs, the market turns, and the retail investors sit with sad faces.
The mentioned "98-99K" as the zone of the beginning of a correction – that's a whole separate song. Why not 100K? Because it’s a psychological level that retail investors should bite on. And the whales, they are so cunning, they sell off just a bit earlier. In the end – you dream of 100K, but you’re left with 97K and an empty wallet. Not bad, huh?
Short-term magic of "squeezes"
Now about the magic of "ascending support lines" and "squeezes." How many times has the market ignored these lines as if they were drawn in the sand? The price has repeatedly fallen below support, and all these lines turned out to be trash. "Breaking 93K will lead to an impulse move"? Maybe. But where – up or down – is an open question. You remember that BTC loves surprises, right?
A great trap or a new bull market?
If you expect a new record, keep in mind the main principle of crypto: "If everyone is shouting about something, it definitely won't happen." Perhaps right now someone is telling you about a rise to $100K while quietly selling your purchases.
So draw your conclusions. Invest not only in BTC but also in your critical thinking. And we will watch this series with popcorn.
