#CryptoComeback

Bitcoin above 100k. Now what?

🔔Are we heading toward 105k and then 110k? Or back to 100k? The answer will be given by 3 main points.

1️⃣ Will the large players (institutions, whales, governments) sell/close their long positions as soon as it reach a good price between 102k - 104k. Even if they liqudate only a portion of their holdings to monetize their profits, price could easily drop back to 99k - 100k level

2️⃣ Greed of long position traders, can have a bad effect. Positions with high leverages 50x> apart from being highly profitable, are also quite fragile, so a slight drop in price can lead to mass panic position closing which would initiate a massive price fall.

3️⃣ Liquidated shorters that are absent right now are waiting to jump in the game at the right moment, as usual going short again, can also cripple any advances.

Conclusion:

🔹🔹To have a long lasting growth of the BTC coin, steady steps, no greed, dedication and watchfulness are required.🔹🔹