Fake pump. Be ATTENTIVE- $BTC please takeprofit at 65k to 66k and short btc at the price range above 66k and stoplose should be 69k and took profit at 57k.
I hope you're well. After a hiatus, I'm sharing my thoughts.
BTC is expected to dip below last week's low before reaching resistance around 57500 or 56000 by the 22nd. Following this, another drop to 52k or 53k is likely.
Based on market analysis and the global economic situation, BTC isn't forecasted to surpass 76k or 80k for the next 5 to 7 months. While this analysis could be incorrect, considering the market landscape and BTC halving, it's probable that BTC will touch bottom and initiate a bull run for altcoins. Even if BTC reaches 90k, altcoins might not follow suit. Therefore, expect a sideways trend for another 3 or 4 months.
If you trade with proper risk management, patience, and strategy, you are 100% sure to achieve your target. However, greed often leads to ignoring profit-taking, resulting in significant losses and minimal profits.
My analysis suggests that Bitcoin could potentially dip below $61,000 within this week or shortly thereafter.
Note- $BTC BTC, or Bitcoin, is a decentralized digital currency that operates on a peer-to-peer network, utilizing blockchain technology. It is the first and most well-known cryptocurrency. Predicting the highest and lowest price of Bitcoin in the coming days is highly speculative and uncertain, as it depends on various factors such as market demand, investor sentiment, regulatory developments, technological advancements, macroeconomic trends, and geopolitical events. It's essential to conduct thorough research and consider expert analysis before making any investment decisions.