How will Bitcoin progress?
potential scenario expectations:
Bitcoin rapidly reached 64K and started accumulating around 60K, which is the first scenario I anticipated. The current support for Bitcoin is around $59,500, and $64,000 is a strong resistance. My expectation is that, similar to 2020, there will be an accumulation between these mentioned support and resistance levels for 3 to 5 weeks before reaching a new all-time high. During this period, the stage is set for altcoins to shine a bit, and all altcoins experience a gradual rise. Afterward, Bitcoin initiates a swift upward movement towards 130K, where it stays for a while before the real altcoin rally begins.
Second scenario:
A sharp correction occurs, dropping to $52,600, instilling fear once again. Buys are made from small investors, and then it continues as mentioned in the first scenario.
My advice: Stay away from leveraged margin markets. Just hold onto trusted altcoins in the spot market; avoid frequent trading as almost all altcoins will likely experience an increase in value. If you haven't invested in a bad project, just wait for the wind to come your way. If you have projects you love that haven't risen yet, continue to HODL.
Bitcoin has limited supply against overwhelming demand, and this scarcity will drive Bitcoin to surge significantly. Currently, Bitcoin is putting on a show, but once it finishes its performance, the stage will be set for altcoins. Stay calm, continue waiting patiently; it won't be much longer.
