BTC has corrected more than 50% over the last weeks and many are calling for 20k targets. When everyone screams an asset will move in a direction it eventually turns and never gets to the price everybody thought it was headed. This time likely won't be different.
Apart from that, one can spot a Wyckoff Accumulation pattern currently playing out. It'll be interesting to watch how Bitcoin moves in the coming days. I wouldn't be surprised to see a break out off the 30k-42k range in the next weeks.
The Wyckoff Method provides a good game plan for LTF, MTF, and HTF setups until invalidated.
On the FA side El Salvador just declared BTC legal tender and many other Latin American countries are said to be advocating Bitcoin too. Miners are migrating to renewable energy, Deutsche Bank warning of continued inflation over the coming years. Saylor buying 500m worth of BTC.
Apart from that, one can spot a Wyckoff Accumulation pattern currently playing out. It'll be interesting to watch how Bitcoin moves in the coming days. I wouldn't be surprised to see a break out off the 30k-42k range in the next weeks.
The Wyckoff Method provides a good game plan for LTF, MTF, and HTF setups until invalidated.
On the FA side El Salvador just declared BTC legal tender and many other Latin American countries are said to be advocating Bitcoin too. Miners are migrating to renewable energy, Deutsche Bank warning of continued inflation over the coming years. Saylor buying 500m worth of BTC.