We are currently testing the last support level 44500 I mentioned in my previous post. It seems to be holding for now, but despite the correction, here's what I'm thinking.
Just thoughts. The next magical price for Bitcoin is $52,631.58. There's always a level that seems to attract attention. Sometimes it's round figures like 40K, 50K, etc., which act like a magnet. In this case, surpassing $52,631.58 is significant because it would mean Bitcoin's market capitalization exceeds 1 trillion dollars. I can already envision the headlines, people love such milestones, and the maximum FOMO will likely be at that point. Given that we're not far from this level, the likelihood of seeing such headlines is quite high before main correction.
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