Bitcoin has been trading in a narrow range, inside the blue rectangle, for over a week now. This is a classic bear flag pattern, and it appears the market is intentionally trying to tire out traders before making a decisive move.
An overall bear flag pattern has formed, and it is still sloping down towards the blue diagonal support line.
The Bitcoin halving is expected to take place in April of next year, and after each halving the market has historically shifted into an intense upswing, followed by a new all-time high price.
I don't get why people are putting their money into meme coins and coins with a $10k marketcap when there are altcoins with great fundamentals and the price has basically come down to the launching price, so I'd recommend accumulating altcoins and only putting a small portion of your portfolio into meme coins.
An overall bear flag pattern has formed, and it is still sloping down towards the blue diagonal support line.
The Bitcoin halving is expected to take place in April of next year, and after each halving the market has historically shifted into an intense upswing, followed by a new all-time high price.
I don't get why people are putting their money into meme coins and coins with a $10k marketcap when there are altcoins with great fundamentals and the price has basically come down to the launching price, so I'd recommend accumulating altcoins and only putting a small portion of your portfolio into meme coins.