It's been a while since I expressed my opinion on how I see BITCOIN.
I won't deny it, things aren't looking very good.
There are a lot of retailers at a loss given the correction that's happening today...
It also scares me to think that, just as BITCOIN ETFs have helped attract a lot of "lazy" people to buy it quickly and without complications, it could also cause a "stampede" of these same people if we don't hold what I believe is a key level.
What I mean is that ETFs have facilitated the entry of many, but they can also facilitate their sale... and perhaps with quite an acceleration. In any case, I think we have a key level around $105,000, where I'm sure many STOPs are located.
If we break this level, we could possibly conclude this campaign and travel to $94,000 as a likely bottom.
Although, in my opinion, I expect a broad rebound and not a break of $105,000.
We'll see.
Stay safe.
@toofasteddie