It is a reset - but that is okay - or is it going to $50k ?
My thoughts.. based on a hot market that is cooling off.
Aside from the extreme greed of late, that needed to be reset, the world events remind us all of the fickle nature of the whole market.
7 green months can only push ahead for so long… hence a reset.
I think (based on the previous ceilings, now support lines)… we will get closer to the 50k range. See below..
1. $64500 busted, now a hard ceiling
2. $60500 next support
3. $51500 next support let’s just see (the most probable bounce / support line)
4. $50000 possible support…
I did sell out before the major collapse (reset) and am waiting before I jump back in…
I do believe a little patience is required - before we buy back in. And, looking for the strong alts and BTC until things are more solid. - a review of the previous halving patterns - this current reset was expected anyway - but probably not to this extent of correction…
I know the this is all speculation - realistically Alt Coins had to drop violently as well…- as sad as it is - it was destined. (I too have lot a bit in Alts - but did sell out some of the my higher positions as protection - and am now awaiting the bounce before I jump back in once the volatility has dropped out).
Then, later on this year…in my opinion - Any major rise, growth in BTC back towards 100k will most probably be late 2024/early 2025 once things have settled down.
Let us see…
DC
BTCUSD
Aside from the extreme greed of late, that needed to be reset, the world events remind us all of the fickle nature of the whole market.
7 green months can only push ahead for so long… hence a reset.
I think (based on the previous ceilings, now support lines)… we will get closer to the 50k range. See below..
1. $64500 busted, now a hard ceiling
2. $60500 next support
3. $51500 next support let’s just see (the most probable bounce / support line)
4. $50000 possible support…
I did sell out before the major collapse (reset) and am waiting before I jump back in…
I do believe a little patience is required - before we buy back in. And, looking for the strong alts and BTC until things are more solid. - a review of the previous halving patterns - this current reset was expected anyway - but probably not to this extent of correction…
I know the this is all speculation - realistically Alt Coins had to drop violently as well…- as sad as it is - it was destined. (I too have lot a bit in Alts - but did sell out some of the my higher positions as protection - and am now awaiting the bounce before I jump back in once the volatility has dropped out).
Then, later on this year…in my opinion - Any major rise, growth in BTC back towards 100k will most probably be late 2024/early 2025 once things have settled down.
Let us see…
DC
BTCUSD 
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