It was mentioned previously when #Bitcoin was below 67k, I predicted it would pump up to 73k. It nearly reached that mark, hovering around 72.8k, which is still within range. Now, what's next for Bitcoin? 🤔Let's break down some key factors influencing its trajectory:
1. Whales 🐋: These large investors wield significant influence over Bitcoin's movement. With their substantial funds and potential coordination, they can manipulate the market dynamics.💥
2. Halving 💸: Bitcoin undergoes halving approximately every four years, with the next one slated for April 2024. Historically, post-halving, Bitcoin experiences a period of adjustment before embarking on a bullish trajectory.🏮
3. Correction ✒️: Despite its recent surge, Bitcoin is experiencing withdrawals as some investors opt to cash out, leading to a correction phase where prices may dip temporarily.💥
4. Pattern 🌴: Analyzing past trends reveals a pattern in Bitcoin's movements, particularly following halving events. Last year, it witnessed a significant uptick post-halving after a preceding dip💥.
My conclusion boils down to two likely scenarios: Bitcoin may dip to around 60k before resuming its upward trajectory, potentially surging to 100k in the near future. 🎁👍🏼
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Disclaimer: Contains third-party perispectives. Not financial advice.
