Bitcoin’s Pullback Predicted: Strategic Profit-Taking and Next Steps
This week, we successfully anticipated Bitcoin’s dip near 89,000 and captured liquidity along the way. While holding BTC and MSTR long positions, we’ve now taken profit aggressively, expecting a pullback to 94,000.
This week, we successfully anticipated Bitcoin’s bottom around the 89,000 mark and seized the accompanying liquidity. We continue to hold long positions in both Bitcoin and MSTR.
In our previous tweet, we noted that as Bitcoin moves toward a new all-time high (ATH), there would be several major swing-trade opportunities. Now, that opportunity has presented itself.
Just two minutes prior to publishing this update, we took profit on our BTC and MSTR long positions. This is a bold move, so if you prefer a more conservative approach, consider taking profit on half of your position. We expect Bitcoin to dip to around 94,000 within the next week, using that pullback to shake out many latecomers, after which it will decisively break through its descending trendline and potentially reach a new ATH.
Based on this outlook, we recommend partially or fully closing existing long positions, but we do not suggest opening any new shorts. If the price pulls back to around 94,000, we will promptly re-enter long positions.
