BTCUSD is looking primed to cross 20k this week potentially.
The MACD is leaning bearish (signal line is above the base line) but this is narrowing. If we see a MACD crossover I'd be tempted to enter. The chart looks good and once BTC gets on a true bull run there's no stopping it.
Retail FOMO will occur once we cross 20k and the previous crash is sufficiently far behind us for the floodgates to open. Also, there's a real lack of understanding of charts and price movements amongst the normies so the fact BTC is "back" to 20k is likely to seem quite magical and make it a "safe" investment for them.
This runs the risk of a blow-off top around 25 to 30k. Let's see. I'm looking at 16k as a new level of interest, being the support for the only brief dip we've had so far. A slump to 16 - 17k isn't outside the realm of possibility - I've always said 17k was the real top of the last bull market so we're essentially already above the ATH.
The best thing that could happen is BTC price explosion leads to an alts run. My interest is far more in DeFi so I'd be happy to see those coins take off, especially the ones on Coinbase or central exchanges (normies can access them) so it'd be a smart time to build a position in YFI, Sushi and DOT.
The MACD is leaning bearish (signal line is above the base line) but this is narrowing. If we see a MACD crossover I'd be tempted to enter. The chart looks good and once BTC gets on a true bull run there's no stopping it.
Retail FOMO will occur once we cross 20k and the previous crash is sufficiently far behind us for the floodgates to open. Also, there's a real lack of understanding of charts and price movements amongst the normies so the fact BTC is "back" to 20k is likely to seem quite magical and make it a "safe" investment for them.
This runs the risk of a blow-off top around 25 to 30k. Let's see. I'm looking at 16k as a new level of interest, being the support for the only brief dip we've had so far. A slump to 16 - 17k isn't outside the realm of possibility - I've always said 17k was the real top of the last bull market so we're essentially already above the ATH.
The best thing that could happen is BTC price explosion leads to an alts run. My interest is far more in DeFi so I'd be happy to see those coins take off, especially the ones on Coinbase or central exchanges (normies can access them) so it'd be a smart time to build a position in YFI, Sushi and DOT.