First of all, this is my first publication.
What I can see is some support and resistance zones where BTC stays for what feels like forever, my theory is the big fish are trying to accumulate as much BTC as possible as a hedge against potential hyper inflation. Fundamentally I can see no reason for BTC to be down and I still see a Bull trend long term.
My prediction is BTC will go to 50k next and bounce between 50-59k for a couple weeks while the big fish accumulate, traders get used to 59k being resistance and building up heavy shorts which will create a short squeeze to catapult us up another level to god knows where.
What I can see is some support and resistance zones where BTC stays for what feels like forever, my theory is the big fish are trying to accumulate as much BTC as possible as a hedge against potential hyper inflation. Fundamentally I can see no reason for BTC to be down and I still see a Bull trend long term.
My prediction is BTC will go to 50k next and bounce between 50-59k for a couple weeks while the big fish accumulate, traders get used to 59k being resistance and building up heavy shorts which will create a short squeeze to catapult us up another level to god knows where.