Where can Bitcoin go from here?
On the 13th of March, I had published a LinkedIn post mentioning how the coincidental Bitcoin bounce off the 200 MA as well as 61.8% level meant that Bitcoin would probably continue its bull-run trend started in January. That meant that a new power move could be expected past recent all-time-highs. As predicted, Bitcoin did just that.
BUT THE QUESTION IS: WHERE IS BITCOIN HEADED?
I honestly think that the 4-year cycle that Bitcoin has been in since its inception can be relied upon; therefore, I think we have seen a bull-run that will bring Bitcoin over its all-time-highs of $69K over the next two years.
I am saying this as someone who bought Bitcoin at 19K and has refused to sell as Bitcoin first touched 25K and then fell back to 20K.
In other words, I believe in the long-term potential of Bitcoin.
HOLDING IS THE BEST STARTEGY RIGHT NOW IN MY OPINION
Nonetheless, the short-term points at a "somewhat" strong resistance level at 28K where it will be relatively easy for the price of Bitcoin to reach but a bit harder to break.
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