Further to my EPIC Buying Opportunity post from Jan. 10, 2025
Photo by Behnam Norouzi on Unsplash
Key update to Epic Buying Opportunity as of 8:15AM on January 20, 2025!! As the BTC friendly administration will be installed within less than four hours, the BTC price has rallied up to make a slightly higher new ATH at $109,358.01 and has since dropped back below the $108,388.88 prior ATH, where it is now hovering as this is being written. What to expect from here? The incredibly bullish fundamentals are still in place as described in lettered paragraphs a. to g. in the Epic Buying Opportunity post, so it is possible that the price will rocket straight up from here to new highs above $125,000 before taking a breather. But that is not how market psychology typically works. When nearly everyone believes that the rally can only accelerate up from here, they are nearly always wrong, at least in the short-term. More likely will be that we are very near a short-term high that will be less than $110,000. Then, as disappointment turns into a bit of panic, we should be prepared to witness a decline back down near the strong support levels in the area of $70,000 to $75,000. While the $91,000 order mentioned in the Epic Buying Opportunity post was already reached back on January 13, 2025, the other two orders in the areas of $70,000 and $50,000 remain in effect. Please remain very aware that this is all within the context of a very powerful long-term bull market. So add new money to your position during any decline, or at least continue to HODL (Hold On for Dear Life)!!!
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TIME SENSITIVE UPDATE was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.