An analyst who is known for calling the Crypto Bull Cycle top of November 2021, says he wants to collect Bitcoin (BTC) heavily if it falls below $ 100,000.
Pseudonymous analyst pentoshi tells His 867,700 followers on the social media platform X that he is on Bitcoin in the long term bullish, and he thinks that dips are under the price level of six digits of golden opportunities to stack more BTC.
“I bought 25 BTC to scale in. Spot, of course.
But I think the largest area I want to buy is about $ 94,000 when I am given, where I would become pretty heavy. I think we will go much, much higher in the coming years. It is difficult to say in the short term. The graph does not look ideal.
However, I see that area as a current value. Of course I hoped to see $ 120,000+ at the recent highlights. It just didn’t happen. We don’t always get what we want. ”
While the trader thinks Bitcoin will rise for a long time, point to That macro insurities and geopolitical tensions can lower BTC in the short term.
“I don’t recommend that I follow this, there is a lot of uncertainty. And we are probably going to be lower. My time frames probably differ from yours. I usually concentrate on wider, higher time frames than the minute to minute.
I would say that the chance is greater that we will go lower for those who actually want to catch knives. “
As for the catalyst that will feed the climb of Bitcoin in the coming years, Pentoshi out The enforcement of the US dollar will encourage people to dump their Fiat -Maluta in favor of BTC.
At the time of writing, Bitcoin acts for $ 105,400.
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Generated image: midjourney