I just want to show the behaviour of the chart and RSI in 2019 and 2020. We've moved too quickly into the overbought zone and now BTC need a correction. Then it will be possible for the fifth wave to reach the level of 14 400.
In general, everything looks as if a big pump of the entire crypto market was being prepared for the summer, but covid ruined all plans. Perhaps that's why growth is so restrained.
The only reason for the intensive growth now is a fear about the future of USD. Tomorrow fears could disappear, but volumes have already tripled. People rush between the markets in search of a safe place, but crypto is one of the most risky markets)) It isn't a healthy sign when you constantly hold an idea of a huge drop that could happen any time. Market is unpredictable and whales definitely will use this situation when we least expect it.
This post is only for educational proposes and does not provide financial advice.
In general, everything looks as if a big pump of the entire crypto market was being prepared for the summer, but covid ruined all plans. Perhaps that's why growth is so restrained.
The only reason for the intensive growth now is a fear about the future of USD. Tomorrow fears could disappear, but volumes have already tripled. People rush between the markets in search of a safe place, but crypto is one of the most risky markets)) It isn't a healthy sign when you constantly hold an idea of a huge drop that could happen any time. Market is unpredictable and whales definitely will use this situation when we least expect it.
This post is only for educational proposes and does not provide financial advice.
It looks like the market wants to show that it is not worth blowing bubbles on weekends