Daily: BITCOIN 10-30% correction ahead in short to mid term

٩ يناير ٢٠٢١

According to my personal analysis we should definitely see a 10-30% correction with BITCOIN in the short to mid term, which could make a correction to $29-30k possible. How far the price will drop depends on which resistance zone will hold under the pressure and how many $ in longs get liquidated, but I don't expect the price to drop more than 30% yet. In my opinion, the bull run has just started and if you aren't a day or swing trader, I wouldn't recommend shorting bitcoin :)
No financial advise by the way! As you know, this all is a speculative setup and noone can predict the price 100%.

Anyways, hope you all have a great day!