This looks pretty interesting to me. I think this is just a bear market move, and inexperienced traders are suddenly starting to open long positions without paying attention to the data.

It might even go up to $70k, but I don’t think it’ll go any higher than that. Personally, I’m expecting Bitcoin to drop to around $48,300–$55,000. That’s where I’ll be buying more BTC. I already bought some at $58k, but I was expecting an even lower price, so I still have some cash set aside.

This is not financial advice—I’m simply sharing my own analysis.

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