
When to Sell BTC: Ford's Forecast
12.11.2024
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1Economist James Ford from The Pragmatic Investor has provided advice on when to sell Bitcoin to lock in profits. He believes that the BTC price could reach $102,000 within the next 2-3 months, when the price crosses the golden ratio level (1.618 of the previous peak).
Ford suggests the following strategy:
- Sell 50% of Bitcoin at $102,000.
- Sell 30% of BTC around $109,500.
- Sell the remaining 20% when the price surpasses $122,749.
Additionally, he expects a correction to $82,002 after reaching the $89,000 level before the price begins to rise again.