I believe BTCUSD is about to bottom in the next 1-2 weeks before starting the new rallying phase.
This rallying phase will be crucial .
Since the previous dominant cycle is positively configured we would normally expect bitcoin to hit new highs by August.
However if the rally that comes is deficient bitcoin will be in trouble and we will be looking for resistance zones to sell into.
So far though I think its very risky to short it.
This rallying phase will be crucial .
Since the previous dominant cycle is positively configured we would normally expect bitcoin to hit new highs by August.
However if the rally that comes is deficient bitcoin will be in trouble and we will be looking for resistance zones to sell into.
So far though I think its very risky to short it.