Btc has surged a lot in the past month due to sustained institutional inflow, continuing the bull cycle.
I expect this bull cycle to last until January to February 2022, However with the adoption of BTC by countries and big institutions, BTC may continue to crunch higher and higher since the retail frenzy has still not happened.
My price target for the next few months are 88k-156k. I will start taking profits on the positions that I have accumulated at 30k from 88k.
Right now, BTC has created a golden cross (highlighted in yellow), which is an extremely powerful bullish indicator for cryptocurrencies, especially on the daily timeframe.
What I am hoping to see is a rejection off the ATH, and a decent (fast) retracement to scare off the weak hands, and allow for institutions to buy up more. However they may buy aggressively so the entry suggested may not happen.
If my entry price is reached, I will complete my BTC position and I'll be holding on until BTC reached my price targets for this bull run.
Please tell me what you guys think.
Additionally when do you guys think this bull run will finish? Will it?
Thanks for reading till here, hope you enjoyed it!
I expect this bull cycle to last until January to February 2022, However with the adoption of BTC by countries and big institutions, BTC may continue to crunch higher and higher since the retail frenzy has still not happened.
My price target for the next few months are 88k-156k. I will start taking profits on the positions that I have accumulated at 30k from 88k.
Right now, BTC has created a golden cross (highlighted in yellow), which is an extremely powerful bullish indicator for cryptocurrencies, especially on the daily timeframe.
What I am hoping to see is a rejection off the ATH, and a decent (fast) retracement to scare off the weak hands, and allow for institutions to buy up more. However they may buy aggressively so the entry suggested may not happen.
If my entry price is reached, I will complete my BTC position and I'll be holding on until BTC reached my price targets for this bull run.
Please tell me what you guys think.
Additionally when do you guys think this bull run will finish? Will it?
Thanks for reading till here, hope you enjoyed it!
