Bitcoin: still very bullish as expected so far.
As expected, Bitcoin is still in its process of making its strong bull trap (or rally know knows).
We can see that the Fibonacci levels are acting as resistances and these levels can give us signs of when to trigger our sell moves for the alts if you swing trade or day trade (When Btc reaches this Fibo level, it can allow you to sell your alts). But lots of alts seem to have bottomed when we look at their crashing pattern, so it could also be a wise move to Hodl some alts for long term, especially if you managed buying them when Bitcoin was below 7k.
Has Bitcoin bottomed? I still do not think so.
But i might be wrong.
Maybe dictatorships like Russia and other countries see Bitcoin as a safe heaven tool to protect themselves from their volatile and weakened currencies, to escape sanctions, etc.
So there is still a possibility that the prize is so important, that market manipulations would prevent Bitcoin from having a natural crashing pattern. It is still a possibility, as the market is not regulated.
Targets 10.564$ and 11.640$ are yet still possible, such as a target right below the 13.000$.
They might be a bit too optimistic and too bullish, but i still really foresee a possibility to reach these targets.
We can see that the Fibonacci levels are acting as resistances and these levels can give us signs of when to trigger our sell moves for the alts if you swing trade or day trade (When Btc reaches this Fibo level, it can allow you to sell your alts). But lots of alts seem to have bottomed when we look at their crashing pattern, so it could also be a wise move to Hodl some alts for long term, especially if you managed buying them when Bitcoin was below 7k.
Has Bitcoin bottomed? I still do not think so.
But i might be wrong.
Maybe dictatorships like Russia and other countries see Bitcoin as a safe heaven tool to protect themselves from their volatile and weakened currencies, to escape sanctions, etc.
So there is still a possibility that the prize is so important, that market manipulations would prevent Bitcoin from having a natural crashing pattern. It is still a possibility, as the market is not regulated.
Targets 10.564$ and 11.640$ are yet still possible, such as a target right below the 13.000$.
They might be a bit too optimistic and too bullish, but i still really foresee a possibility to reach these targets.
A similarity of moves could be a possibility for Bitcoin.