#Bitcoin Log Regression ๐
The orange line, as in the previous cycle, offers strong resistance.
๐กI think BTC will stay at the current mark for another month. After that, we go to the correction, most likely it will not be a deep correction, but rather a consolidation.
This is indicated by overbought and seasonality.
โ๏ธ And also the capitulation of miners after the halving is possible, this will lead to a decrease in the hashrate, which will slow down the growth for some time. But do not be sad, the bull market will continue closer to autumnโ๏ธ
The orange line, as in the previous cycle, offers strong resistance.
๐กI think BTC will stay at the current mark for another month. After that, we go to the correction, most likely it will not be a deep correction, but rather a consolidation.
This is indicated by overbought and seasonality.
โ๏ธ And also the capitulation of miners after the halving is possible, this will lead to a decrease in the hashrate, which will slow down the growth for some time. But do not be sad, the bull market will continue closer to autumnโ๏ธ
A month ago, when we were at 70k+ and most analysts were writing about 100k, I wrote a previous post about what would happen after the halving and why we would go on a correction in a month.
๐กNow we are at the 57k mark and continue to move along the gray fractal. If you had such analysts and now they have "changed shoes", I think you need to change the circle of experts you follow.