Presented without further comment than the charting shown. An extrapolation from my previous BTC chart, which played out almost perfectly. Let's see how far off this is.
A break past $71.4k on this current move, and up to at least $76.6k would cause me to raise my re-entry higher than where it is currently set (approx. $55.5k to $57.7k), but I don't think we get that far into the $70Ks without a retrace.
A break past $71.4k on this current move, and up to at least $76.6k would cause me to raise my re-entry higher than where it is currently set (approx. $55.5k to $57.7k), but I don't think we get that far into the $70Ks without a retrace.
Comment:
Now flirting with my former breakout level, we need to hodl here or risk a break deep into the $30Ks. If this breaks, I think we get at least one bounce on our way down to the low $30Ks, at which time I'd look for another bounce again.
If $30K holds, we could see another run to $65K.
If $30K breaks, we are likely in store for Crypto Winter.
If $30K holds, we could see another run to $65K.
If $30K breaks, we are likely in store for Crypto Winter.
Best guess: we still make a run at $100k, but on an extended timeline. Might be best to wait for a pump, cut this, and reassess.