The bitcoin market is creating an area of balance way before the market continues to shoot higher in price, which is a good thing to look at. We need to be bullish; we need to look for the price to go higher, plain and simple, and instead of it hitting around 30.000 dollars, my second target would be around 28,000 dollars, especially on this longer-term basis of a 3-day chart.
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You know there are still people selling bitcoin, and someone is still in their market now trying to get above their position. We're still seeing sellers. I don't want you all to think that bitcoin is a massive buy. I'm going to tell you straight: be careful because someone in this market is trying to sell it.
I still suspect the market for bitcoin has a greater propensity to go up than it does to go down. We may not hold onto this trend. I definitely see sellers coming in, and I don't like how sellers come into the market, especially at places where we should see buyers.
We're going to look for the market in bitcoin to trend higher, and I really want market buyers to hold 29000 dollars, give or take, in order for us to remain bullish. I'm going to get rid of this trend because I don't think the price is going to be massively bullish. I want you all to see that it's going to be around 29,000 to 28,000 dollars.
I want to see if the price we're anticipating for bitcoin is going to continue to go higher. I'm going to do this price prediction because this is where I'm still seeing the market and bitcoin wanting to go higher. I definitely want us to understand and know that bitcoin is still in the process of selling and moving on to the next thing.
I'm going to create the trend that Finance is currently on to show you price action, and bitcoin is still bullish. This is the trend, and as long as bitcoin price holds this trend, we will be surprised to see price go higher.