Caution! Hold off on FOMOing into Bitcoin for now!
Even if Bitcoin (BTC) reaches $67,000, a correction is likely, bringing the price down to the $45,000-$50,000 range.
Here's the reality:
- Bitcoin likely won't break $70,000 without a price dip first.
- Expect consolidation between $60,000 and $70,000 for a few days.
- A move towards $50,000 is possible afterward.
Hold your horses and wait! Look for signs of market sentiment. Whales don't seem keen on buying BTC at this price and will likely wait for a dip.
Past halvings show us that sudden price drops or skyrocketing to all-time highs (ATH) are unlikely. Whales tend to enter when the price drops, finding a comfortable buying zone. And it seems like that time might be sooner than expected.
Let's see how things unfold!
Reminder: This is not financial advice. Always do your own research (DYOR) before investing. #BTCđ„đ„đ„đ„đ„đ„ #bitcoinhalving
