Bitcoin Approaching $20,000 - Here is What You Need to Know
As Bitcoin prices continue to surge, you may wonder wonder where the next area of interest will be. According to recent price development,
20
,000 is the next target on the radar.
In February, we predicted that shorters would be wiped out and that a
20
,000 pullback was likely. The sequence of events has unfolded as expected, with emotions flooding back into the market. Before Bitcoin prices continue to rise, there may be (and will be) a period of decline and volatility.
Despite this, we remain optimistic about the current position of the coin. However, it is important for us to consider the opposing side and to not become complacent during these circumstances. As Bitcoin approaches 30 ,500, traders should keep this level in mind and stay informed about market changes. Remember: when greed factor is high, it's time to sell :)
Hope you all have an amazing day!
20
,000 is the next target on the radar. In February, we predicted that shorters would be wiped out and that a
20
,000 pullback was likely. The sequence of events has unfolded as expected, with emotions flooding back into the market. Before Bitcoin prices continue to rise, there may be (and will be) a period of decline and volatility. Despite this, we remain optimistic about the current position of the coin. However, it is important for us to consider the opposing side and to not become complacent during these circumstances. As Bitcoin approaches 30 ,500, traders should keep this level in mind and stay informed about market changes. Remember: when greed factor is high, it's time to sell :)
Hope you all have an amazing day!
