Probably not far from the truth but only God knows, eh? Maybe 74.56k

People laughing at me when I say BTC will drop.

Hello to everyone. From my previous post, I stated that BTC will drop. From the chart we can see that BTC previous high is 70K and get rejected. So what’s the chart told us now?

BTC is currently trading at 68.3K and it’s not changing for few days. Market is waiting and watching the BTC price now. Any power that can take over this trend will dominate all crypto market. But what I see from the chart is, BTC is going to fall.

Due to some of the reason, which the price rising but MACD falling and also the market is not changing the price. We all know BTC will be halving soon and the price will be push to a new ATH. But the question is when and how high.

For me, BTC price might pump a little bit more higher to around 72-73K and then facing a huge drop. This drop might bring BTC back to 50K area and won’t be lower. Then only BTC will pump back to a new ATH. Before the dip, market will try to liquidate all the short and long. In this case, as a trader what we can do?

For first scenario, we can set a short trade around 72-73K for the dip. Second scenario, we can also set a long position for this dip which is around 50-52K area. I’m strongly don’t suggest on any position with current price range. We can wait for the chance and try not to be the one who will be liquidate by the whales. I hope you guys understand how the market act and what’s the whales thinking.

If you agree with me, don’t forget to hit the follow button so that you won’t miss out my update about BTC. You may also leave me a comment of what’s your thought. Thanks for your support and all the best in 2024. Peace and love ❤️