It's as simple as this. We've had a parabolic move and we spent a couple months in the 50-65k distribution range and now we're in a reaccumulation range.
Looking at elliott wave theory, There's a chance we're bottoming right now (potentially down to 26-28k) and will start to see a movement to the upside. I bet it comes in July or August then I believe in September, there will be another mini black swan event to retest that 26-28k low.
After September, I believe we enter a Q4 rally to new highs which should take us to at least 80k but possibly 100-120k.
Looking at elliott wave theory, There's a chance we're bottoming right now (potentially down to 26-28k) and will start to see a movement to the upside. I bet it comes in July or August then I believe in September, there will be another mini black swan event to retest that 26-28k low.
After September, I believe we enter a Q4 rally to new highs which should take us to at least 80k but possibly 100-120k.
Trade active:
Still sitting in spot from below $30k. The price has moved ~50% from there. Alts have been doing decent as well.
I think we're nearing exhaustive buying and will start a bit of a pullback, but in bitcoin, right now, dips are for buying.
Dips are for buying.
I think we're nearing exhaustive buying and will start a bit of a pullback, but in bitcoin, right now, dips are for buying.
Dips are for buying.