Lets assume that the strength in the US dollar wont last for too much longer, as Central Banks try and work out how many more trillions are needed in the system. The BTCUSD had been in a trading range for some time and this week we convincingly left it, with a big dose of Bullish price action. Will it last? IDK. I am long BTCUSD so I am fundamentally in the Bitcoin 🚀 camp so I am also talking up my own book. However, if we look to Wyckoff and transpose his teachings on the stages of the accumulation phase, we get quite a convincing outlook to the upside. It could all be down to the fact that we see what we want to see, or it could be a run on the banks to the crypto-sphere.
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still seeing strength at 28k. Bull flag pattern being created currently under 30k
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Next stop ~40k
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Well we have traded through the old ATH a while ago, so I figured I should update this post. We're currently in the 70k area, making new ATH's frequently and fast approaching the halving in April
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looking at the BTC futures explains the latest dip
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We're getting very close to the BTC halving. I wonder??