How high could this
BTCUSD
pump go?
48K
is a solid level to exit.
I can understand HODLing through the ups and downs, but if you're long with leverage, 48k seems like a great place to exit a trade.
I know I just made a price prediction for $136k for Bitcoin, but I think a temporary retrace is likely. Especially if the ETF is announced, and many traders exit to take profits.
"Buy the rumor, sell the news." We are in the rumor stage, people.
BTCUSD
pump go?
48K
is a solid level to exit. - There was a local low at
48K
in March of 2022.
- The Fib retracement level .618 between the ATH of
69K
and cycle low of $16k is at
48K
- Many traders are talking about exiting at this level, which will bring selling pressure
I can understand HODLing through the ups and downs, but if you're long with leverage, 48k seems like a great place to exit a trade.
I know I just made a price prediction for $136k for Bitcoin, but I think a temporary retrace is likely. Especially if the ETF is announced, and many traders exit to take profits.
"Buy the rumor, sell the news." We are in the rumor stage, people.
