The bull run is not over for Bitcoin, this is just cycle 1 complete. The BTC.D still needs to play out and alts like XRP and XLM still have to complete their BTC ratio. The season is not over and the show must go on. Looking at the chart of Bitcoin on the 12-hour time frame we can see that it caught support on the scam wick at 33k and eventually found a real sustaining support at the $39,696 - $41,337 level.
From here, Bitcoin can continue to hover around this region bouncing up and down in between $33,000 - $47,410 until it squeezes out either to the downside or upside and I believe that BTC is headed to the upside. However,, noting this is a 12-hour time frame this means that this squeeze is going to happen over the course of the next 2 months going into a breakout in Mid July going into August.
Around this time, ETH has EIP-1559 scheduled to launch and you can bet that there is going to be some positive news surrounding Bitcoin and other cryptos to boost the prices. We all know that news doesn't affect price but i'm just saying theres going to be some positive news around then.
The Bitcoin Dominance (BTC.D) ratio is going to complete during this period of 2 months and altcoin season part 1 is going to be over. Every alt has basically 10,000%+ and that's a bit ridiculous. The market needs to cool down but then in July when everything starts pumping again Bitcoin is going to roar upwards and hit the 4.236 Fib level at the $77k mark.
From here, Bitcoin can continue to hover around this region bouncing up and down in between $33,000 - $47,410 until it squeezes out either to the downside or upside and I believe that BTC is headed to the upside. However,, noting this is a 12-hour time frame this means that this squeeze is going to happen over the course of the next 2 months going into a breakout in Mid July going into August.
Around this time, ETH has EIP-1559 scheduled to launch and you can bet that there is going to be some positive news surrounding Bitcoin and other cryptos to boost the prices. We all know that news doesn't affect price but i'm just saying theres going to be some positive news around then.
The Bitcoin Dominance (BTC.D) ratio is going to complete during this period of 2 months and altcoin season part 1 is going to be over. Every alt has basically 10,000%+ and that's a bit ridiculous. The market needs to cool down but then in July when everything starts pumping again Bitcoin is going to roar upwards and hit the 4.236 Fib level at the $77k mark.
