Check out the world premiere of Roger Scott’s “Win-Both-Ways Trade” at noon ET THIS FRIDAY!
First, be sure to tune into “Final Hour” with me at 3 p.m. ET weekdays!
Bitcoin’s current potential is pretty fascinating, especially when you consider its long-term growth pattern and accumulation phase.
Right now, we’re sitting around that $65,500 mark after another strong move up, and the big question is whether this is just another step on the path to $100,000 — or if we’ll see some pullback before it makes that leap.
What I’m watching closely is the accumulation phase.
We haven’t breached certain key lows, and this suggests that Bitcoin is still holding strong, building support and accumulating more buyers at these levels. Ideally, I’d like to see it pull back into the low $50K or even the high $40K range to add to my positions. This is about staying patient and buying at the right times.
Dollar-cost averaging is one of my go-to methods with Bitcoin. If it dips, I’ll look at levels like $50K and even $40K if it falls that far. That’s where I plan to stack up more positions and ride it higher.
The upside here is clear.
If Bitcoin breaks above that $68,000 resistance and heads toward $75K, we could be in for a full-blown melt-up toward $100K. The momentum would bring in more order flows and traders, which would fuel that upward movement even more.
But remember, I’m not buying at the highs. I want to wait for those retracements and then strike when the market gives me the price I want.
Right now, Bitcoin looks like it’s forming a bullish pattern, and if we get a breakout above $75,000, I see a clear path to that six-figure milestone. The beauty of this setup is that my cost basis is under $30K, so when Bitcoin hits $100K, I’m looking at over a 200% gain.
That’s huge!
It’s tempting to get overly bullish when things are running hot, but I’m not trying to chase this thing at the highs. What I’m doing is maintaining my positions, letting them work, and adding on those pullbacks. If we don’t get a dip, fine — I’m already in, and I’ve got about 5% of my portfolio in Bitcoin and related assets like iShares Bitcoin Trust ETF (IBIT) and ProShares Bitcoin Strategy ETF (BITO).
The goal is to capture that next leg higher while being patient and strategic.
Bitcoin is on the verge of something big. It could run, or we could see a pullback that gives us another great buying opportunity. Either way, I’m ready for what’s next, and I’m letting the market tell me when to act. My strategy is to keep building at smart levels and not overextend when emotions get high.
That’s all for now, be sure and join my “Final Hour” session at 3 p.m. ET!
Chris Pulver
Chris Pulver Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. ‘Win-Both-Ways Trade’ World Premiere This Friday!
Are you tired of guessing if stocks will go up or down?
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As crazy as it sounds…
Roger will be live at noon ET on Friday, Sept. 27, to unveil this unique strategy to the world for the first time ever.
We don’t want to spill all the beans here…
But the first 250 traders who sign up have a shot at claiming a very special limited-edition gift!
Roger Can’t Wait to Share This!
The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. The trades expressed are from historical data in order to demonstrate the potential of the new system.
