Don't try to time a reversal, count your blessings that BTC pumped back up to $40k and take profit.
Buy back in when it crashes back down the bear channel.
BTC will get cheaper before it reaches $100k predictions at the next halfvening
BTC Moves Higher on news of Inflation
BTC Moves Lower on news of Recovering Economy
Continued Interest & Large Fund Investment to the Crypto Market
Short Term Bearish (2 Weeks Tops)
Long Term Bullish (1 Year)
BTC Consolidation Period, Looks like were set to bounce around $11k - $13k for 2 -3 Months while the markets wait for the next move. Long term trades (6 months - 1 year) would be a good entry point right now. You might be lucky enough to get some more BTC at $10,000, but honestly is the extra 10% return worth missing out on 60%+?
If BTC only goes back to $20k ATH...
Hidden Bullish Divergence developing along the heavy resistance line, sellers are retreating. Still premature since its not showing on the weekly chart quite yet.
White - The Halvening
Orange Top - Heavy Bearish Trend line since 2018
Price Action - Higher Lows
Oscillator - Lower Lows
Looks like we are headed to 1800
Previous Post Below showing monthly time frame and divergence occurring, each recession previously lasted a couple months and the market contracted 45 - 50%, this time is no different.
Divergence happening on the weekly time frame, Global & Domestic GDP slumping as the economy crawls back to real life