Locally, we should already see a correction.
In the previous post when BTC was at 95k I wrote about my personal plan to see the 99k-104k zone, after which I most likely see a move down before we go to the ATH area.
And here we are at 103k-104k for a couple of days now. I may be wrong, but I dare to assume that the price should go for a correction down from the current area.
So far, I am sticking to my strategy and plan as I described earlier in my posts here:
- A hike to new highs this year is inevitable
- Institutional money is coming more and more into crypto
- More and more companies are starting to follow the path of Michael Saylor's Strategy
- Global M2 liquidity is growing and this money will definitely come to Bitcoin (with a time lag)
- The tensions with trade tariffs will eventually resolve
- The war between Russia and Ukraine is approaching either a freeze or finalization
- Regulations are increasingly resolved in favor of crypto
- The peak of the current cycle has not yet been reached.
All of this together outweighs my personal concerns about negative scenarios.
I see the crypto market cap coming to 3.25-3.5 trillion levels in the near future.
Not financial advice. DYOR
