WILL $BTC HIT 55K? Absolutely YESS AND HERE'S WHY!!
If you've been watching the price of BTC and following key developments in the cryptocurrency and financial sector in general then you definitely know that BTC will rise and rise and won't fall any soon. Let's break this down.
The price of BTC is affected by many factors key among them being the demand and supply of BTC. With the onset of the BTC ETFS, Bitcoin is on high demand and not the average high demand, it's a demand from huge guys too being Black Rock. Let nothing or anyone lie to you that after the buying craze by we are witnessing we expect a selling craze, nooo, they are buying to hold Bitcoin as an asset therefore reducing supply substancially and skyrocketing the price like we are witnessing.
When they buying craze ends, expect a consolidation phase (minimal shifts in price), the big and small guys shall be holding waiting for 'after April halving' which we I am going to talk about next.
In April, BTC shall halve further thinning the supply of bitcoins from miners. And thereby raising the price even further. So BTC is not only going to reach 55k soon but also going to 100K by 2025.
So what next? Clever investors and traders know that buying Bitcoin at the current price is the best thing to do if any substancial profit is gonna be reached. Don't expect any huge dump from here and if the train leaves you don't cry over spilt milk after April.
Don't buy shorts for future's traders if you can, going long is a wise idea, but remember to keep liquidation prices as low as possible, leverage as low as possible and take profits bit by bit, avoid greed and watch as you accumulate profits little by little.
Open Long at 51,500k to 51,800k area.
Liquidation price should be below 48k
Stop loss at 50k if you need to.
1st Tp - 52,500
2nd Tp - 53,200
3rd Tp - 53,600
4th Tp - 54,200
5th Tp - 54,600
6th Tp - 55,200
Remember this are just my views and opinions from my own research and not professional financial advise. Safe trading guys.
