The Future of Bitcoin through my eyes

9 באפר׳ 2021

As per my TA, both reflecting on RSI and the current wedge, I expect we will fall to 51k before the Coinbase IPO launch on 4/14. At which point, the new money and all of the bullish hype that's surrounding crypto will catapult us up to 68-70k relatively quickly. Then the whales will decide what happens next, the true correction that is long overdue will come when the market can be pushed no further. Something alike the 2017 correction, albeit definitely not quite as extreme. Bitcoin has solidified since then, we're in a different era now in contrast.