Sybren_Oosterink

BTC Long Term Idea

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Sybren_Oosterink Atualizado   
INDEX:BTCUSD   Bitcoin
BTCUSD I expect the possibility of Bitcoin dumping to the 10k/12k area after rejecting around 32k, this however might need a certain catalyst. With information available at the moment, my initial target would be around 100K for the next bull run. Also, the reason I expect this to happen quite quickly is because the halving in 2024 is likely going to be a catalyst for the next bull run, so after a relatively quick dump I would expect to see price slowly crawl up and evolving into an exponential move just like previous bull runs.
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UPDATE: new target is $32.900, after this a pullback to roughly $21.500 is expected. From there it's a possibility we see the beginning of new bull run.
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