Sazzy

With the level of optimism surrounding Bitcoin and the 'Bull Run', there will be so many persons jumping on the band wagon tonride the rally especially in these last few days. I see BTC making a correction towards the $40k with the Bulls selling of around $71k. The goal of the whales is to gain a massive share of the marketcap and what best way to do that other than driving price down, inflicting a panic sell and buying back for cheap. Bitcoin is currently at its premium, the only thing that's reasonable for now is shorting and don't see why one will want to go long. We should see a real bullish move from 2nd to 3rd quarter next year. Other than that, it's a sell for me.

After reaching an all-time high (ATH) of $68,997 on November 8, 2021, Bitcoin began a bearish correction that lasted a year, bottoming out at $15,479 on November 21, 2022. Following this, the bulls took over and pushed Bitcoin to a new ATH of $73,805. At this point, another correction is likely to occur in order to propel Bitcoin towards the projected six-figure price mark. I anticipate the price retracing back to $38,597 before rallying northwards of $100,000. From a technical perspective: The buy-side liquidity created by the previous ATH (traders who entered late during the last bull run have exited their positions) has been swept. This has led to an imbalance in price, causing it to seek sell-side liquidity, which is predominantly around $50,428 or even $38,504.