what does price do after crossing above this major trendline? it goes batshit crazy, that's what it does.
i'll see you on the other side.
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if 42K-43k support doesn't hold, we may not be seeing the other side of the trendline for quite a while. i'd honestly be surprised if it didn't hold though - sell pressure subsiding with 3x shorts off the table. but who knows, all it takes is a tweet nowadays!
@ali_1673, if 42K-43k doesn't hold up, 30k is certainly on the table and i'll be rethinking my bullish outlook on the market. definitely not in capitulation mode yet though.
well done, you think bullrun will finished in august or december?
reees
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@ali_1673, thanks!
honestly, i have no idea. if history is any indication, it will run late into the year. buuuut if someone were to tell me it was gonna peak in july, i wouldn't be surprised by that either.
@Deebob31, that's the million dollar question. i don't have a target, but i'm reasonably confident that BTC price will top somewhere between 100k and 150k this year.