Tez8

BTC Accumulation continues TR: $30-40k

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Summary: Bull Market is still on , stack the sats .

-- Technical --
Trading Range $30-40k, we may have swing highs and lows above and below the range.

We could have another 2-3 tests of secondary support before resumption of bull market towards the end of June.

-- Fundamentals --

Institutional and whales wallets continue to stack BTC .

For example, whale wallet balance:

https://bitinfocharts.com/bitcoin/addres...


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*Not financial advice and is for educational purposes only. Always DYOR.

SO: What do you think, have I got it right? Let me know below.

Comments

How long should we expect the 🐂 market to continue? Is there any signs that it could all end soon?
+1 Reply
Tez8 ElinaJ
@ElinaJ, thanks for the question. I expect the bull market to top out between Sep21 & Feb22.

I suspect the current accumulation phase finish end June and the bull market will resume.
Reply
Thanks Tez! Always like a peek at your TA!
+1 Reply
Tez8 isaacsmile
@isaacsmile, thanks. I hope the TA helps give people a perspective of where we stand in this BTC/crypto market cycle. Especially people that bought at higher price levels.
Reply