Bitcoin Will Most Likely Re-test $33,000! + Previous Pumps Compared!

Bitcoin Will Most Likely Re-test $33,000! + Previous Pumps Compared!

By Aventurine | Crypto Aventurine | 26 Oct 2023


Yes, it looks like the resistance point at $35,000 is real and Bitcoin will re-test $33,000 and than will attempt to break $35,000

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We literally had 30% pump and during bull run there are always solid retracements

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For comparison lets take a pump from a previous bull run the first one in the run had 36% pump then around 10% pullback or correction if you'd like to call it like that.

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The next one had 37% pump and around 18% correction.

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The one after that had 32% and about 30% correction that took longer to be completed and was more volatile!

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Leading up to the top we had 50% pump and 25% correction!

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As we can see leading up to the top, the action was more volatile and corrections were bigger! Could Bitcoin go another 20% up from here without any retracement well it could but I doubt it will happen. If it does happen Bitcoin will be at $40,000 which means the overall pump of 50%

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I think this is a cool off period for Bitcoin and what is going to happen next is altcoins pumping. I don't mean the blockchain like Solana, Ethereum, Cardano, etc. I mean coins that sit on those blockchains and all the "shitcoins" Bitcoin will move after this wave has passed and people selling altcoin profits back into Bitcoin!

All The Best,

Aventurine!

 

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