$BTC 💲💲
Bitcoin Above $100,000: What Next?
▪️ Now we are at $100,000; what’s the call? Is this the top (probably not); is it $110,000-$120,000 (seems sensible); is it $150,000 (not impossible); $200,000, $500,000, $1,000,000 (good luck friend).
The thing to remember is the 5x is gone and we are now looking at +20%-+50%. While this is not a shoddy return, the drop from the top is probably 50% so we are now solidly in risk management territory.
▪️ The way to go at the bottom is to dollar cost average in and the way to get out is the same in reverse. Buy over time when you think the bottom is near and sell out over time when you think the top is in the vicinity.
That is my strategy and for me $100,000 is the gateway to the top. With a top you can leave early or leave late, either way the outcome is the same, but leave you must.
▪️ So what to do:
1. True believers will stay and simply not care if the price halves because in their creed it will 10x soon enough, so why bother trying to trade it when you can just hold and perhaps even buy more at the next bottom.
2. Investors who bought near the previous bottom will be looking for the exit and trying to define the top to maximize their profits.
3. Traders should look to the most explosive end of the market in chains like Solana and Base and track today’s crazy token to ride up the final leg of the bitcoin rally. They still have multiples in them but those will come and go in weeks or even days giving traders exactly what they live for, incredible volatility.
And finally…
4. For those that wake up at 3 a.m. to check the bitcoin price, they should sell down a bit every 3 a.m. they wake up until they can sleep.
