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BTC has been an emotion roller coaster but with the sentiment becoming more bullish we can really begin to fly. First off, the charts have decouple from tradition markets, this is a great sign. Second, we have countries like Russia, India, and the United States adding regulations which is a good thing for crypto. Then we have politicians, banks, and the countries speaking about their involvement in crypto. Last, the DXY is trending down showing weakness in the dollar.
I called the bottom out Jan. 27, now I am thinking this Bitcoin train cant be stop until we break 50k and we can more than likely hit those targets by the end of this week. Once we break 50k I can see more retail getting involve, creating FOMO!! This is the month of a major bounce and I really cant see the Fed hike causing any major downside to crypto going into March
Think about it, this is a GLOBAL DIGITAL ASSET, and with a limited of supply circulating it is only a matter of time this skyrockets. Make sure to have plan and act accordingly we are amongst an epic run.
im bullish too, but locally we need some retracement
theStockprenuer
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@trytofeelpositive, big facts but we might get small retracement on smaller time frames. Just how we came down with no buying pressure we might get the same treatment going up. Of course we going to get a little turbulence we want a healthy uptrend but at the same time we never seen Bitcoin with this much recognition. We never seen an asset as suuch!