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Analyst: Once Bitcoin breaks through $43,000, we should reestablish long positions

Analyst: Once Bitcoin breaks through $43,000, we should reestablish long positions

2024/01/29 07:06
BTC-0.61%

Markus Thielen, the research director of 10x Research, accurately predicted the recent pullback. He stated that the fifth wave of Bitcoin's impact has already begun and the price may surpass $50,000 by the end of the first quarter. Levels above $43,000 are suitable for placing new bullish bets on BTC. As reversal indicators suggest that a tradable low point has been reached, we should focus on long positions. From a risk management perspective, once Bitcoin breaks through $43,000, we should reestablish long positions.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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