Btc is continuing its sideways correction between 72-60k after failing to breakout so far above $72k. As described in my previous updates, Bulls need a solid close above $72k on the Monthly Basis to continue the trend. Therefore $60k avg support remains a pivotal point for this consolidation phase, and 71-72k remains the resistance till taken out.
When zoomed out, the macro is still intactly bullish with a 150% exponential growth rate since the bottom at $15500. If this exponential growth rate continues for the rest of the Cycle, the next 18M, the price could peak at around ~$240k, which is 33% higher than the targeted peak of $180k.
This simply means that the bull market is still ongoing till proven otherwise.
When zoomed out, the macro is still intactly bullish with a 150% exponential growth rate since the bottom at $15500. If this exponential growth rate continues for the rest of the Cycle, the next 18M, the price could peak at around ~$240k, which is 33% higher than the targeted peak of $180k.
This simply means that the bull market is still ongoing till proven otherwise.
