Anticipating a market pullback.
Last month, we expected Bitcoin to break through the $12,000 mark in the coming weeks. As you already know, Bitcoin went all the way to $16,000 and broke above many important resistance levels, now turned into support zones. The development is extremely bullish, and as stated in one of our previous newsletters, we expect Bitcoin price to be much higher in the coming months.
After such a sharp surge, a consolidation or pullback would be normal and healthy. As in previous crypto bull markets, we will witness several substantial pullbacks during the current bull run. Here is an example of Bitcoin’s third major bull market (click on the image for a high-res version):