Published By: Trading Ideas

I know everyone wants bitcoin to hit $20k tomorrow; however, $15k by year end would be a gigantic win for btc . What the asset needs is price resilience and stability to attract more sophisticated long-term investors. Longs and shorts need to be taken out and the trend needs to be indistinguishable between bullish and bearish . A breakout from that zone is when those who are bullish will become hyper bullish and bearish to believe conditions have changed and start buying back in.

Be careful getting shaken out over the coming months. Volatility should pick up soon.

Any views are the view of the author, not Digital Finance News. This is information only and should not be construed as investment advice from Digital Finance News or any other party.
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