I agree with your prediction that the next level for the price would be 40k and then we will see another set of profit bookings. I think we should achieve it by the end of this month or the first week of December. I read some speculation that the rebound might lead the price to go below 22k. I doubt that would happen but nothing is guaranteed with Bitcoin volatility and we as a community have seen how fast it went down from its previous ATH earlier. In the meantime did anyone check how fast ORDI is pumping? It started from $10 and yesterday it touched $24, now trading at $22. This is the coin that is causing so much congestion in the memepool. The Bitcoin transaction fee is skyrocketing because of this coin and it will remain the same in the coming times.
Both sides are possible. If the price touches 40k then all good but a dump might be incoming. If the price drops to 22k hold it out till you feel the speed of dropping is reducing and then buy at that level. At this point 36k seems to be a stable possibility and moving down from there would not be possible unless something big happens. It is only spiking upwards from that level.
ORDI crossed its starting price of 17$ back in may 2023 and is currently trading at an all time high. NFTs on bitcoin and BRC sounds like deja vu to me. I am not into them and will be only watching how things go on.
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