Above $20,500 till where there can be some resistance, if BTC crosses this mark, there is going to be short squeezing.
Anyone who wants to sell will sell around $19500 only because that is the level. Above $21,500 - $21,000, a lot of futures trader will face short squeezing, new retail investors will enter. Easy $3,000 - $5,000 move. I guarantee.
Good ways to trade:
- Sell around $19700. Rebuy around $21,000 and take a $4000 profit atleast.
Another good way is to move to alts which still have 2x upside left.
Bring on your thoughts. Let's discuss, debate and predict together
Strong support is at $ 17000 to $ 17500, if you stay above this then I make sure the Bulls still dominate,
yes, if we analyze it can be seen that Bitcoin domination is still above 60%,
especially with the news that MicroStrategy is buying Bitcoin again and they still hold large amounts of bitcoin.
if the Bitcoin price is able to break the $ 20100 resistance then we will see $ 25k soon.
Absolutely. Above $21k, I will open up my service again to onboard 10 more clients. Because market becomes bullish again.
A lot of those owning alts among the current clients would have doubled their money or 2.5x.
I wouldn't buy before $10k or $21k. This is not the right place to hold. Although I see a strong bull signal since they are holding around $19,000. Not sure how long the bear would be able to hold. But I always trade on probabilities and that has worked for me.
So I exited BTC and moved to alts.