Hello!
Today Bitcoin dipped to the $90,000 level, it took me by surprise bur shortly after it jumped again to the $94,000 level where is trading now. It looks like there are a lot of people trying to buy cheap Bitcoin. At this point in the cycle it's crazy to think that we are still trading at the 90k range. I would have said that we would be trading way higher.
Take a look at the chart below:
It's scary, if we lose the 90k level there is almost no support until 70k. It will be a completely disaster if we go back to that level. I give this possibility a very low chance of happening. I'm quite confident that we are going to be trading above 100k again during the first months of 2025. We just need to have a little more patience.
If you read my posts, you will notice that I always say that we need to be a little more patient to get the rewards. Sometimes I think I'm repeating myself, but it's true. The most important think to do in the bull markets is to stay calm. The capital will flow again, even the altcoins will be jumping to new all time highs. Hive included, well, maybe we will not be trading above $3 but I'm confident that our Korean friends will help us get to $1 soon.
Stay patient my friends.
Posted Using InLeo Alpha
