Will it break down or break up?
The channel is ascending for the last two years, which in most circles is bullish, but chatter has been negative in the outlook for BTC
The trend line is heading south, but the question has to be asked, will it break up or break down?
Northern Hemisphere summer will be interesting, and how far will the Ukraine war go? Will the DXY USD strength break down?
If the uncertainty drags out, I see BTC remianing flat until the end of the year.
With all the corporate money in BTC this time around, I do not see it going much further south, but hey, I am not nostradamus.
The channel is ascending for the last two years, which in most circles is bullish, but chatter has been negative in the outlook for BTC
The trend line is heading south, but the question has to be asked, will it break up or break down?
Northern Hemisphere summer will be interesting, and how far will the Ukraine war go? Will the DXY USD strength break down?
If the uncertainty drags out, I see BTC remianing flat until the end of the year.
With all the corporate money in BTC this time around, I do not see it going much further south, but hey, I am not nostradamus.