I would point out that every time the market pulls back, there do seem to be plenty of buyers willing to take advantage of it. So, I think ultimately you have to look at it through that prism and understand that short-term dips offer accumulation possibilities down at the $90,000 level and slightly above. The support, I believe, extends down to the $88,000 level. So as long as we stay above there, I’m not overly worried about any dip.
To the upside, the $110,000 level is a major barrier and ceiling and it’s not until we can break above there that I would truly be excited about the Bitcoin move. At this point, I would anticipate the Bitcoin could go to the $130,000 level based on the measured move. But as I’m saying right now, it just looks like we are meandering back and forth and really don’t have any real clear directionality. Again, I’m accumulating more on short-term pullbacks.
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