Did you see when they didn't believe the crazy people? 20 hours ago I announced that Bitcoin should make a correction.
This is always the same, it is not investment advice, but I warn you in case something could happen in the worst-case scenario.
I will do a brief analysis on this:
Until a few days ago, $BTC reached 108k dollars, hitting a new high, after having spent about 6 months in decline.
Then it dropped to 90,000 - 91,000 and rose again, because when it reaches a high in the rise, generally (not always) it tends to drop a bit, some investors take the opportunity to enter the market (but the big ones don’t enter, only we do), so what they do is a bullish trap.
They make us believe that the price will continue to rise and in reality, what they want is for the price not to touch higher highs than before, which is why they sell some units and with that, the small investors sell their assets. For them, buying small units of the asset is their strategy, even if the price is dropping.
Now, you may ask me: how far will Bitcoin fall? It will rise again, we are only in the first impulse (and there are two more to go). Bitcoin should approximately drop to the support of 73-76k to start the accumulation phase and then begin to rise and start the second impulse.
Remember, this is not investment advice. This is my analysis, and although I have been correct in many of the analyses I have made up to today (I can also fail sometimes) those of us who analyze the market do not have a crystal ball, therefore, the analyses are not infallible. Always research on your own.
Next possible target after the correction: 125k
And what will happen with the altcoins? I think that altcoins will start to rise very soon. The second impulse is underway.