We have been stuck in a range since July from 103,792$ to 125,000$.
This is a long time to be stuck in such a small range and shows the weakening effort of BTC bulls.
We stated In our most recent post that gained a lot of traction on here that bitcoin will go as high as 130,000$ before crashing in spectacular fashion. There's a high chance it won't even reach that price and 125,000$ is the ATH that will cause bitcoins demise down to 50,000-30,000$.
Bitcoin is like a phoenix that rises from the ashes always. I am not negative on this asset class, rather the complete opposite, but NOTHING has changed.
Bitcoin will and has always followed a cycle of destroying all progress made before creating even higher new ATH in each bull run.
Should I make this post bullish rather than bearish seeing as I know it'll probably go up to 130,000$ before crashing? No I won't, I will stick to what I've been doing simply because I believe its fairer to warn people about the danger of the downside potential that is looming right now than banging on about a 5k upward move rather than the 100,000$ demolition that is about to start.
Lastly, immediate downside target is 103,792$ whereby the bulls are strong at this price and it will be difficult but very possible to demolish this price floor.
Trade safe always❤️
