Bitcoin price held despite of sell-off right from reaching near 50 K price resistances
The fact that BTC's value didn't catastrophically went down despite near 2 Billions of dollars of massive sell-off from the last few days and is now trying again to reach its predicted price or value just means that the bullish force is on play and that is the evidence how the halving event will truly happen no matter how much external noises surrounding BTC kept on blaring. The power of the law of supply and demand cannot be abated and it is one of the fundamental factor why BTC keeps on adjusting its value for the medium and long-term and deemed as the best performing asset of all time. I like the fact that I also own some BTC and I really feel so financially secured because of it and changed my life currently and I guess in the future which will only take a little waiting until I see how I can utilize it to make some of my dreams a reality.
It seems that the massive selling is over which just means that the price will continue to soar from now and will try the so-called resistance points until BTC reaches new all-time highs beyond 70K price points. I personally expect BTC will reach 120K and maybe a little bit higher. Also by the time it reaches that point, most people already had sold their BTC at lower prices and while BTC is at it, some of the profits will flow to the Altcoins where possibly the latter have already broken their own ATH. Because of these things that I foresee to happen, I will just enjoy some of my profits and try to make some of my goals to become a tangible reality just to ease both mine and both of my parent's lives because it is one point why I am doing all of these investment efforts which is to secure my future financially and never have to worry about sourcing funds when emergencies does happens.
It is really exciting to say the least as I had stated in many of my post regarding this latest price prediction for BTC which is really not a prediction but actually a good news that soon to happen equivalent of the Sun shining again tomorrow. It makes us set our plan to the point that it will for sure benefit us if we plan set our plans for the medium and long-term and end the day-trading technique which will just ruin our plans and cause more losses than gains. All doubts are erased if we just zoom-out and see the real pattern of where prices will go. There are a season for profit taking, a point for earning profits quickly, and points in BTC cycle where we can buy cheap and gain more as the "halving/halvening" of BTC supply is near to happen with its particular cycle.
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