Bearish momentum is stalling out, even while the threats of war, hyperinflation, and Bitcoin "failure" loom over the heads of investors.
While we remain in bearish waters, ultimately the lack of momentum here in either direction, up or down, spells out a NEUTRAL outlook for a majority of remaining crypto investors. The majority of whom are buying en masse, including both retail and whales. While this is very bullish on-chain, fundamentally, and historically--will the rise of precious metals like Gold, Silver, and Nickel still manage to stunt Bitcoin's upward price action in the short term?
Are you buying or waiting it out?
While we remain in bearish waters, ultimately the lack of momentum here in either direction, up or down, spells out a NEUTRAL outlook for a majority of remaining crypto investors. The majority of whom are buying en masse, including both retail and whales. While this is very bullish on-chain, fundamentally, and historically--will the rise of precious metals like Gold, Silver, and Nickel still manage to stunt Bitcoin's upward price action in the short term?
Are you buying or waiting it out?
Comment:
Fantastic. Very good.
Our main obstacle in the short-medium term is going to be that 43k-46k range. If we can overcome that, and retest on it as support, then man... we are simply golden. Lots of buying pressure on BTCUSD at the 30k level and rising. For extra evidence, check out BTCUSD/NASDAQ (btcusd divided by the nasdaq). We're about to breakout, and it seems like BTCUSD/NASDAQ doesn't want to fall below 230 for very long. Bullish.