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Bitcoin rally, how much further could it go? by borsengelaber

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hive-167922 · @borsengelaber · (edited)
$3.90
Bitcoin rally, how much further could it go?
https://i.imgur.com/WfgoAsD.jpg 

https://i.imgur.com/yakLvCY.png

**What a ride!**

We enjoy this, don’t we? A lot. The Bitcoin rally is accelerating again and we wake up this morning with a price of 41k! This is a plus of **+160%** since the cyclical low a year ago, outperforming both the stock market, Gold and Silver. Actually there is not much that saw a better performance YTD than Bitcoin. I only know two stocks that did better: NVIDIA and Coinbase, and as I explained it [here](https://ecency.com/hive-167922/@borsengelaber/coinbase-leverages-bitcoin-), the latter is currently a leverage on Bitcoin. 

**How far can we go from here?**

The other side of the medal is, that the air is beginning to get thinner shortterm. Sentiment is back at Greed-level and we are approaching a bigger resistance zone at 48-52k. This doesn’t mean the bull market will come to an end but we need cooldowns in between. 
In my view we still have some upside in the coming days and weeks but we will probably see a bigger correction once we reach the price levels around 50k. This will most certainly bring us back to low thirties level. 

 https://i.imgur.com/yakLvCY.png 

 https://i.imgur.com/6sFXFFU.jpg 

 https://i.imgur.com/dtqvGIa.jpg 

https://i.imgur.com/yakLvCY.png

The good news is, that afterwards we might see the first push towards the old ATH, which was at 69k. A new ATH is expected in 2024 after the halving in April. 

**Are you planning to stack some more Bitcoin once we get a bigger correction?**

https://i.imgur.com/yakLvCY.png

 https://i.imgur.com/hoHlhVZ.jpg 



Posted Using [InLeo Alpha](https://inleo.io/@borsengelaber/bitcoin-rally-how-much-further-could-it-go)
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vote details (78)
@biyimi · 
I see BTC still going higher and higher more and more
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@djbravo · 
A lot of people were saying it's never going to go up, so they don't know about market cycles right now, and now it's on its second cycle, and this time it's taking us to $100,000.
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@edina76 · 
I do not plan stacking. It will be time take some profit!
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@india-leo ·
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@lovinggirl · 
https://twitter.com/LovingGirlHive/status/1731634731094307289
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@rafzat · 
It’s going up up
Let’s see if we can reach $50k
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@borsengelaber · 
We will. 50k is around the corner
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@tahirmuneer · 
https://twitter.com/jewellery_all/status/1731754945614127258
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@takhar · 
The FOMO is picking up speed as indicated by the fear and greed index! I think corrections will be minimal in terms of changing market sentiment.
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