$BTC has been fluctuating around 90,000 for a week, and this week it must make a choice, whether to rise or fall!
Most retail investors haven't bought Bitcoin and are hoping for a dip to have the chance to enter. But those institutions and large holders don't think that way; they are focused on how to push the price higher, ideally breaking 100,000 or even 120,000. That's why the price has remained stable here, staying high.
In fact, many short positions have been trapped between 75,000 and 82,000, and at the price level of 90,000, there are few who dare to chase the price higher. According to the data from the futures market, if Bitcoin rises to 100,000, the shorts would lose 2.09 billion; whereas if it drops to 73,000, the longs would lose 2.07 billion. Do you think the institutions would be foolish enough to drop the price again, giving you a chance to enter? They have worked hard to raise the price to 90,000; dropping it to 75,000 would mean all their efforts went to waste! Unless the Bitcoin bull market ends at this 93,000, it won't be as simple as dropping to 75,000; it could fall all the way to 40,000! But the likelihood of that is very small, so let's not think about it.
So what will the institutions do next? I guess they will definitely push it straight to 100,000, and it could happen within this week before the end of the month. This way, those shorts between 75,000 and 81,000 will basically be liquidated. Once the price hits the round figure of 100,000, it won’t be easy to push it up all at once. The institutions might first test 100,000, then wash the market down to 85,000, at which point all the shorts will be eliminated and the longs will be harvested. Then they will bring the price back to the range of 93,000 to 95,000 to continue fluctuating. By doing this, the institutions can maximize their profits.
With Christmas approaching in about a month, Bitcoin usually makes a move before Christmas and then consolidates. The real market activity will start at the Spring Festival. So I guess in the next 2 to 3 weeks, Bitcoin will likely surge to 100,000, and then there will be a real correction.
Now BTC is stabilized above 90,000, and the market is fully erupting! In this situation, it’s the best time to lay down some ambushes! I have carefully selected a cryptocurrency expected to increase 2-3 times in the short term and 5-10 times in the long term; leave a comment + like for a free share!
