I thought it will take couple of weeks to break above $35K of Bitcoin. Apparently, I was too conservative!
I will foresee that Bitcoin drop its value a bit and go through $37K before approaching to $40K in about a month.
From my previous projection, the Bitcoin top value will be around Bitcoin Value = ~ $35,987 and its floor value is around Bitcoin Value = ~ $29,456
You can reference my article about how to calculate and project the Bitcoin value here and here.
I still think the Bitcoin support level is around $29K to $31K.
I really care less about bullish from Institution Investor projection (cough*cough* JP Morgan) $146,000 long term prediction.
Didn't they just play down on Bitcoin in November 2020?
Jamie Dimon says bitcoin is 'not my cup of tea' even as JPMorgan has warmed to crypto
Oh Well!
Banks have leverage too much their debts on their Collateralized Loan Obligations and they may not ever payoff.
With extreme careless behaviors from banking system, I am not sure if banks are still feasible in the future.
We will see how financial system plays out in the future.
It is always thankful you read my speculation and learn something from it!
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