Bitcoin is currently maintaining a high point by staying around $67,000.
People who had anticipated a drop and held short positions are experiencing liquidations, whereas Ethereum has not faced liquidations yet.
There is now a buying premium, and it is perceived that we are in the midst of an upward cycle.
The market capitalization has increased significantly, so it is viewed that this bullish cycle could continue until April next year.
However, these indicators and information are merely interpretations resulting from temporary rises.
One should not be overly swayed by daily changes. Always remember, during a downturn, all sorts of bad news seem to emerge, and during an uptrend, it’s all good news.
Rather than focusing on these, it’s most important to find and follow your own patterns in the charts.
Opinions expressed in the news often lead to contrary outcomes.
Currently, Bitcoin has shown a significant bullish candlestick after a downtrend.
Predicting what comes next is very difficult in this situation.
Some might say it will continue to rise, but the current resistance line is very strong. As previously mentioned, the $67,000 line acts as a strong resistance, making it very difficult to determine the next direction.
For those who anticipated a rise, it is recommended to take profits, and for those who expected a decline, it might be wise to cut some losses.
If asked to predict whether it will rise or fall in the next 24 hours, it’s an unpredictable point.
I am not good at making predictions when it exactly hits a resistance or support line.
Typically, movements are almost determined in real-time by watching the chart for any unusual signs or strange patterns.
Therefore, predicting movements 24 hours later is not possible.
Especially at times like this, keeping a close eye on Bitcoin’s movements might provide significant hints. The information gathered during such times could be a powerful aid in future investments.
