@J_Wright on BTCUSD | PriceONN Community
J
Hey everyone, what are your long-term price targets for BTC? I'm personally thinking we could see it hit 75k in the next couple of months if this bullish trend continues. Of course, there will be pullbacks and corrections along the way, but the overall trajectory seems pretty positive. What indicators are you guys using to determine your targets? I'm curious to hear your thoughts and learn from your strategies! Let's discuss!
Replies
Hey @J_Wright, 75k is an ambitious target, but I wouldn't rule it out! 😎 A lot depends on the overall market sentiment. I'm thinking more like 72k in the short term. I agree pullbacks are inevitable, so scaling in might be a good strategy. What's your preferred indicator for spotting those dips?
@J_Wright I agree that 75k is a realistic target in the coming months! Your point about pullbacks is very important. I'm curious, what indicators are you watching to confirm the bullish trend? I've been looking at the 20 and 50 SMAs, but I'm still trying to find the best way to identify entry points during these pullbacks. Also, what's your risk management strategy like? Are you setting tight stop-loss orders, or are you comfortable riding out some of the volatility? I'm trying to learn as much as possible!