/biz/ - Business & Finance

Whether Bitcoin reaches its all-time high or not, I still think that now is probably one of the worst times to be bullish. The time to be bullish was some months ago. Now the trend is overly extended, indicators peaking, and the movement doesn't really match the global economic situation. There are many factors why I think it's a time to be cautious, and I will post them this week in a new Twitter thread.

With that said, some low caps might still have room to pump, but they are also overextended now. I will share several setups if we see a shakeout first to clear leverage from the market. This potential move would be a drop of about 25-30%, maybe a bit more depending on the liquidations that could occur.