In my honest opinion bitcoin is shooting upwards at the moment because institutions are buying up slowly. We are a great deal of people who believe that btc/blockchain is the future. The posibillities that a decentralized economy and programable money gives, are way more than any printed fiat system will be able to give us. A more sofiticated economic system, fully transperant and with full ownership/non inflationary, this is the future. Institutions are fomoing, and they better be or else they will be left in the dust. This is whats happening. Accumilation, then a spike in price. Then we might see a significant pullback.
If we take a short look at the RSI, BTC is way overbought at the moment. So if we look for patterns, we might see a drop soon and then a continueation to the upside if volume keeps up.
Reading the charts and the patterns.. suggest that when we hit the next halvening, we will hit a new ath. In my mind we will hit around 40 k to 50k and then a new bear. But this time the lowest we will go might be around 6k. The cycle will continue till bitcoin has finally build a full functional infrastructure and a UI that is not only made for the few.
Till then guys. HODL and buy up at decent levels. 5 -10 years down the road u won´t have a single regret
If we take a short look at the RSI, BTC is way overbought at the moment. So if we look for patterns, we might see a drop soon and then a continueation to the upside if volume keeps up.
Reading the charts and the patterns.. suggest that when we hit the next halvening, we will hit a new ath. In my mind we will hit around 40 k to 50k and then a new bear. But this time the lowest we will go might be around 6k. The cycle will continue till bitcoin has finally build a full functional infrastructure and a UI that is not only made for the few.
Till then guys. HODL and buy up at decent levels. 5 -10 years down the road u won´t have a single regret
Ghi chú
just added a little more text to the RSI
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.