Bitcoin touching 28,000$

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(Edited)

10 days ago I wrote a post explaining what I think the Bitcoin price is going to do before we start the bull market.
Today the price of Bitcoin is $28,000 and moving upwards. The question is easy, the $30,000 level is going to act as a resistance?

This level will act as a switch between bull market vibes and bear market vibes. I bet that we will not get a huge leg up right now. I'm feeling exhausted, and the sentiment over twitter is almost the same.

I remember from the last bear market that the sentiment was even worse, I felt like shit and thoughts about throwing the towel were all over my head. But every time they came I analyzed the situation objectively and my conviction was intact. The hours and hours of research built in me a really strong foundation, and I'm not moving an inch even if the market drops 50%.

Bear markets are longer than everybody expects

That's a lesson I learned over the years. And now it feels exactly the perfect moment were everybody wants the market to switch but it doesn't.

So now I'm taking the "worst case scenario" side, we will not break $30,000 consistently yet, would like to have a last chance to buy cheap coins. I think that we will be able to do so in the coming months.

I also consider a possibility that we will move sideways for almost all of the Q4, and people will get bored, and they will start to get nervous. There will also be people selling in literally the WORST moment before entering full bull market stage.

Things will get really wild out there!

Be ready!

Posted Using LeoFinance Alpha



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3 comments
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The bear market for Bitcoin is over since November 2022. The way I see it BTC is forming higher highs and higher lows with its grind up. My gut feeling tells me BTC will paint a few god mode weakly/monthly green candles as we close the year. I might be wrong...

However as we get close to the halving and knowing that spot ETFs for BTC might be approved all at once around the halving I wouldn't look for any support levels testing for BTC.

Up only...

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