BITCOIN - Still too early to determine direction
What a glorious ride its been so far. If you know the market, you know that this bull run hasn't truly begun yet. While we are not in any "formal" accumulation zones, we are at an interesting area. We either continue higher,
after our breakout of the right triangle and continue past 20k (thus igniting the next true bull run, with price discovery). Or we bounce back down below, and I would suggest the area of 10-15k be a general, "last-minute-cram-for-the-final" type accumulation zone. It's likely we just retest the triangle!
Unlikely we go below 10-12k IMO, network effects of BTC wouldn't allow it, there are too many BTC wallets today in 2020. Lots of technical support.
If there is a dip.... it will probably happen faster than you'd expect.
With Michael Saylor (MSTR) continuing to buy BTC at 19k, the headlines of PYPL, SQ purchasing BTC faster than its being mined... its hard to think we could even drop to this last min accumulation zone. But anything can happen! This is crypto.
Good luck
after our breakout of the right triangle and continue past 20k (thus igniting the next true bull run, with price discovery). Or we bounce back down below, and I would suggest the area of 10-15k be a general, "last-minute-cram-for-the-final" type accumulation zone. It's likely we just retest the triangle!
Unlikely we go below 10-12k IMO, network effects of BTC wouldn't allow it, there are too many BTC wallets today in 2020. Lots of technical support.
If there is a dip.... it will probably happen faster than you'd expect.
With Michael Saylor (MSTR) continuing to buy BTC at 19k, the headlines of PYPL, SQ purchasing BTC faster than its being mined... its hard to think we could even drop to this last min accumulation zone. But anything can happen! This is crypto.
Good luck
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.