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Bitcoin Forum / Re: BTC staying above $67,000, will it reach all time high?
« on: Today at 03:50:32 AM »Thank you for this simple analysis on Bitcoin charts.If Bitcoin maintains a stable close above $67,206, it could continue to rise towards the psychological level of $70,000. In a highly optimistic scenario, Bitcoin might even turn the $67,206 level into a support base, aiming for its all-time high of $73,777.Based on a simple technical analysis, we can see that BTC has not yet escaped the downtrend channel even though we have the minimum conditions for accumulation after the rally from $40K to $74K. I think I will wait a little longer and it would be good if BTC can rise to the $7xK zone next week.
In the long term, I am still optimistic about BTC's potential to reach $150K-170K in this bullrun. So, whether BTC fluctuates up or down 20-30% in the near future, my only action will still be DCA BTC + top ALTS.
I really thought that we are nearing the start of the bull run already because of its pump a few days ago, but it seems like it's respecting the top on the chart you did hence, it touched the blue line, but didn't surpass to that price and went down as we speak.
Anyway, like you, I'm also optimistic towards Bitcoin, and my reason is the 4-year cycle. As a firm believer of it, I believe that it will happen again this time, and we might see the crypto market entering the bull run at least in the 2nd half of the year. As for me though, I only expect $150,000 as its peak price. It's more than double its ATH in 2021 which is at around $69,000. I don't care about short term movements. What I only care is my selling targets. If it reaches that price, I will sell it immediately.