Bitcoin doing as expected (view older post)
Bitcoin caught some spring in its step after 6,333. From here it has a shot at 6,948. But has some resistance in the 6,500/6,600 area. So I don't think it can manage much of a bounce beyond 6.9k/7k. It may not even get above 6,743.25 area again this year. The target is 6,948 pa wise. But fundi wise Bitcoin is on borrowed time. Chart wise it looks manipulated to have reached near 20k. So it will have to give much more back. I still stick to under 4k. I tarket the 3,xxx.00 K range. The basket and most cryptos who benefited last year should tank about 50% more.
That's what I'm waiting for - 40-50% more. 🙌