The price of Bitcoin (BTC) has exploded in the last few days and is suddenly within reach All-time high of $69,000, which was reached in November 2021. Thanks to the price explosion, the lion’s share of Bitcoin owners are in the green on their investments, sparking debate about the ideal time to take profits.
Dutch crypto analyst Jelle has been marking a specific price range for gradually selling his investments for some time, and suddenly we are very close.
Bitcoin price approaches “sell zone”
The Dutch analyst, better known as “CryptoJelleNL” on the social media platform. “simple” crypto plan for the coming years.
Zooming out on the Bitcoin price chart, Jelle marked three different zones, each with its own strategy.
According to Jelle, between around $12,000 and $30,000 is the range where he believes investors should take full advantage of the relatively low Bitcoin price. The “buy zone,” as the analyst called this area.
Between $30,000 and $75,000 is the range in which Jelle himself does not take any steps. Finally, the analyst identifies the area between $75,000 and $150,000 where he would like to gradually reduce his Bitcoin holdings.
Bitcoin’s historic February month has brought the price within striking distance of the sell zone. Although it may seem a bit premature for many Bitcoin fanatics to part with their BTC holdings, Jelle revealed that he has more than 67,000 BTC holdings Let them know stick to your set plan.
It’s clear that Bitcoin needs to let off steam after this gigantic rally, but when and how deep the decline will be is still a big question mark. The American banking giant JPMorgan is definitely there bearish in the short term and expect a crash to a low of $42,000.
Jelle is definitely determined to follow his established sell zone and will not be influenced by the price movement of Bitcoin. After all, no one can say with certainty what the Bitcoin price will be.
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