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148k BTC Target Possible, But Not Yet — Wait for Structure
I translated Phong's chart: he projects Bitcoin at 148,000 USD. I think that target is possible in a future bull cycle, but not guaranteed and not immediate given the recent crash.
Right now I see higher short-term risk — price structure broke and volumes spiked on the downside. I would require clear reclaim of key resistance, stronger volume on rallies, and timeframes aligned before trusting a 148k projection.
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Analysis
The 148k call is a long‑term bull target conditioned on sustained trend, liquidity and macro tailwinds. After the recent drop, market structure shows lower lows and elevated selling volume; on‑chain a...
Recommendation
I recommend watching price action and waiting for confirmation: consider phased buying on confirmed support and reclaimed resistance, otherwise stay sidelined until trend and volume confirm a resumed ...
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.