BTC has moved above 38k and is now posed to re-test the current ATH at $42k.
The market is extremely bullish, many altcoins have pumped 50% or more in the last few days, it's simply a race to the top. I'm believe we're only at the start of this bull cycle, hence I see us continuing like this for at least another 3-6 months.
As for BTC, I see us moving to 42k over this weekend and if we're not rejected there we will be back into price discovery when I expect some of the profits from altcoins to flow back into BTC and propel it to new heights.
Next immediate targets:
Once we reach around 60k I'd expect us to take another break like we did in January, maybe correct 20-30% and then continue up on our track towards >100k. If momentum builds up, we may not even correct... Some prediction puts us at 150k+ by July. So this summer is going to be eventful.
Mainstream adoption is taking place, institutions are buying BTC left and right. It's really going to be a race to put your hands on one BTC... gold rush 2.0.
Daily MACD did a beautiful positive cross, we broke out of the descending triangle and now we just need to ladder up as indicated by the chart. Bias remains very bullish until summer when we can see again where the price will be.
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The market is extremely bullish, many altcoins have pumped 50% or more in the last few days, it's simply a race to the top. I'm believe we're only at the start of this bull cycle, hence I see us continuing like this for at least another 3-6 months.
As for BTC, I see us moving to 42k over this weekend and if we're not rejected there we will be back into price discovery when I expect some of the profits from altcoins to flow back into BTC and propel it to new heights.
Next immediate targets:
- 50k
- 55k
- 62k
Once we reach around 60k I'd expect us to take another break like we did in January, maybe correct 20-30% and then continue up on our track towards >100k. If momentum builds up, we may not even correct... Some prediction puts us at 150k+ by July. So this summer is going to be eventful.
Mainstream adoption is taking place, institutions are buying BTC left and right. It's really going to be a race to put your hands on one BTC... gold rush 2.0.
Daily MACD did a beautiful positive cross, we broke out of the descending triangle and now we just need to ladder up as indicated by the chart. Bias remains very bullish until summer when we can see again where the price will be.
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
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