What's next for $BTC ?🤔
As I predicted earlier, we have reached a corridor of 116-120k for Bitcoin. But is that all?
I believe we need to make one more leap to the $120k area (my exact peak forecast is $119800) and then large whales will start taking profits, with shorts approaching 300% (historical factor for dumping the first cryptocurrency). Let's check ✍️
BTC dominance is increasing, which means that in the peak, people still don't believe and are investing at the highs.. A correction is needed and it will happen, but it's not worth risking everything..
A correction is possible in the $110k-$111k range for BTC - there is also a magnet for liquidating longs at $1.5 billion.
Take care of yourself and may the wind be at your back in trades 🤞
