source avatarYasmin Sabry

Share

My quick $BTC update and thoughts . Just so everyone knows. #Bitcoin already ENTERED the bull market. This is 100% confirmed. (But again many influencers do not believe it and expect a bigger dip to $70k $72k and even $60k, THIS WILL NOT HAPPEN) My two scenarios are on the chart. Since we are still below the bull market band we can either. 1) Smash through it demonstrated by the pink line path 2) Reject from it ONE LAST TIME then move back up.. demonstrated by the blue line. The second picture shows what happened in 2023. #BTC decided to reject from the band one last time then smash through it. So do not filter away one LAST dip, but not a crazy dip to $70k like some think. The third picture shows what happened in 2019 when $BTC flipped the band. It did not decide to do one last rejection, instead it just smashed through it. What I’m trying to say is. The bull market is already confirmed. Expect one FINAL dip (like what happened in 2023) so do not get shaken out and let the bears effect you. Or a smash through the band (like in 2019). Once we are above the band it’s game over for the bears. The bull market is in full effect.

No.0 picture
No.1 picture
No.2 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.