BTC Accumulation continues TR: $30-40k Long

Bitcoin / United States DollarCoinbase

Description

⋅ Jun 9, 2021 10:20 AM

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:

bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ

Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----

*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

ElinaJ

⋅ Jun 20, 2021 7:34 PM

How long should we expect the 🐂 market to continue? Is there any signs that it could all end soon?

Tez8

⋅ Jun 20, 2021 7:55 PM

@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.

isaacsmile

⋅ Jun 9, 2021 11:22 AM

Thanks Tez! Always like a peek at your TA!

Tez8

⋅ Jun 9, 2021 12:31 PM

@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.