Bitcoin

Hello everyone.My expectations for movements in Bitcoin and potential scenario expectations: Bitcoin rapidly reached 64K and started accumulating around 60K, which is the first scenario I anticipated. The current support for Bitcoin is around $59,500, and $64,000 is a strong resistance. My expectation is that, similar to 2020, there will be an accumulation between these mentioned support and resistance levels for 3 to 5 weeks before reaching a new all-time high. During this period, the stage is set for altcoins to shine a bit, and all altcoins experience a gradual rise. Afterward, Bitcoin initiates a swift upward movement towards 130K, where it stays for a while before the real altcoin rally begins.Second scenario: A sharp correction occurs, dropping to $52,600, instilling fear once again. Buys are made from small investors, and then it continues as mentioned in the first scenario.My advice: Stay away from leveraged margin markets. Just hold onto trusted altcoins in the spot market; avoid frequent trading as almost all altcoins will likely experience an increase in value. If you haven&#39;t invested in a bad project, just wait for the wind to come your way. If you have projects you love that haven&#39;t risen yet, continue to HODL.Bitcoin has limited supply against overwhelming demand, and this scarcity will drive Bitcoin to surge significantly. Currently, Bitcoin is putting on a show, but once it finishes its performance, the stage will be set for altcoins. Stay calm, continue waiting patiently; it won&#39;t be much longer.With love and respect JimmyBoss.

How will Bitcoin progress?

Jimmyboss

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