Possible Path to New All Time High (NATH)

31 באוג׳ 2021

What we see from on chain data and TA is that the area around 45k should offer decent support. We are just now entering peak accumulation and this can last 6-12 weeks if it matches historical performance before breaching new all time highs. Price action typically responds strongly with peak accumulation. Fundamentals are still very strong. China mining is now decentralized for the first time. Nation states are now accepting Bitcoin as official currency and working to get their citizens to get them established. The path presented here shows what a historically similar accumulation and breakout might be. Definitely not investment advise.