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. 





Comments

Popular posts from this blog

What the CFA Franc is about: A quick summary

Bitcoin Posts a Buy Signal

Assessing the World Implications of Russia's Black Sea Grain Deal Withdrawal