Hello traders. I wanted to do a follow up post pertaining to the weekly outlook. So we did break and close below the 60,300 area, and we see more downside. Now the question is how far will we go down? First, let me say that we have several more weeks and up to the next 4 months of this sideways movement. The longer and deeper the retrace, the better the long term outcome will be. I am confident that we will see $275k to $300k a coin by or before the end of 2025. Usually 18 months after the halving ( give or take ) is the area where Bitcoin tops out for a bit. Let's see how things play out. Big G gets all my thanks. I have been buying dips of 10% or more since the halving. I have a buy limit set at the 30 % retracement line for now. I have added more bitcoin to my holdings 3 times , both the 18.5% dips and then again at the 20% retracement area. Very thankful to be a long term holder of Bitcoin and Ethereum, Vet and Hbar.... all winners in the crypto game for sure.
Pip Whisperer