HERE READ WHAT IS GOING TO HAPPEN IN THE NEXT THREE MONTHS
First, £39 will fall to at least £58K, then jump back to a maximum of £64K, then break down to £48K. After that, it will jump again to £68K, then fallback to £47K, and again back up to £66K, and then again test £45K.
In 3 months, we will see 3 attempts at highs and 3 dips after the last dip, which I expect in February. Here, we need to check the RSI; if it reaches 68 or higher, then an expected bull run will follow. If the RSI is below 68, we must prepare ourselves for another bear season until October 2025.
In the short term, I expect a fall to £58K and it may reach £54K, then another drop due to US Election results "because everyone is expecting the opposite". After that, an increase due to whales "BlackRock, etc.* buying, followed by a drop because of an Israeli attack on Iran, then again an increase due to some peace negotiations, but a drop because of the possibility of global war or financial crises, followed by an increase due to Russia-Ukraine, Iran-Israel peace possibilities, and a major drop because the US government will show no support for crypto!!! After these 3 dips, we will check the RSI and volume. If the RSI goes above 68, then the bullish scenario will be in place; if not, you know better what is going to happen...
Frankly speaking, the causes for a major fall are more than for an upward move.
So I am starting to play very low leverage and amounts until I see
1- US election results
2- Israeli attack and Iran's response, or may not respond....
3- Bank of England interest decision
We will have the answers within 1 month for all these uncertainties. Note that the ISRAEL attack may come before the US election because we are all expecting it afterwards...
So keep safe and don't open a big leverage position or buy with all your capital any third-party pumped altcoins, or else you might be frustrated by the results.
I am 70% in cash now and will invest after I get these 3 answers. Please note that all these are my personal opinions and not financial advice; better to do your own research before investing or exiting any asset.
In summary, I am bearish for the next 3 months, but then bullish after February 2025 😊
Wish you all the best 🙏🌹
