DutchCryptoDad

DutchCryptoDad

Bitcoin's current rally to 48.000 USDT shows how resilient and optimistic the buyers are. However the most recent 'correction' we had to around 38.000 USDT did not even tough the 0.382 Fib line. Which in my book should be at least the minimum level to take a breather (and a reset for the RSI in the demand zone). Only after that I can see Bitcoin easily go higher....

DutchCryptoDad

Just some guessing here based on some Fibonacci lines. But if my predictions come out, then we'll have a 4 Trillion total crypto market cap around may 2025. This could also be the top of the next bull market and a huge opprtunity to lock in profits. For the short term I expect a pullback to the last major support. But after that...

DutchCryptoDad

The falling price of Bitcoin is very scary, I know. But taking a look at the charts and zooming out, there could be some hope though. A falling wedge might be on the horizon and an oversold RSI might indicate that a rebounce can occur. Take note that this wick down also bounced of a CME gap that was there for months. Now there is a CME gap above us. Now I am...