Bitcoin went above 100K and since we are seeing more and more institutions are getting into the Bitcoin, we can see the Bitcoin touching new high. But there is also a question, what is exit startegy.
PC: Pixabay.com
Everytime in the bull market Bitcoin touches new High but then it goes back down. And this will happen now also. But the question is how much it will go down.
Last 2 times it was down from 19K to 3K and then 60K to 20K. Now the question is from 100K for from the ATH how much it can go down. What is the exit startegy from where we can start to book profit.
I thought of booking profit from $100K but still I feel the bull run will continue, my target is above 140K. And then it will come down to 100K and hopefully the Bitcoin will stay above 100K only. To be honest more than Bitcoin I am hoping Hive to touch new high because that is what makes us happy right. I know that's not possible but still we cab hope.
And these 3 to 4 months is crucial for Bitcoin to touch a new high.
And the exit should be not fully booking the profit. It should be in part by part basis so your booking profit should be a higher amount. For example, from $110 we can start booking some profit and then every 10K rise we can book some profit and thus in that way we will be always booking in the higher amount.
