why bear failed? halvening level (8500) still holds as we make higher lows in a symmetrical triangle, which is a continuation pattern.
this is different from 2019 top where we formed a descending triangle.
did you know that spx is 20 times overvalued, compared to the stocks earnings,
experts say that lifting the lockdown too quickly will have a detrimental effect on the economy,
and I dont think btc is going to be spared, now that halving hype is already gone,
sure btc is a good investment to fight the inflationary fiat, no doubt about that but not at 9k prices
Although we did break out of the wedge, the current situation of bitcoin just doesn't look bullish.
It is developing a descending triangle, and could be a wyckoff distribution just below the resistance, ready to repeat the march dumping.
And once the trendline that supported the bottom of the wedge breaks this would immediately trigger more sell off and...