Keep your eyes on the weekly rsi in the coming days and weeks.
It still looks as though Bitcoin is in the process of replicating the moves it made back in 2013 (the double bubble).
If I had to guess, Bitcoin might continue to slide to $40k or $38,888 (if I'm to be precise) before continuing its journey to the upside.
I still expect the cycle-top of this bull-run to be in the neighborhood of $280k, even if it doesn't play out until sometime in 2022.
Good luck out there
(not financial advice ;)
It still looks as though Bitcoin is in the process of replicating the moves it made back in 2013 (the double bubble).
If I had to guess, Bitcoin might continue to slide to $40k or $38,888 (if I'm to be precise) before continuing its journey to the upside.
I still expect the cycle-top of this bull-run to be in the neighborhood of $280k, even if it doesn't play out until sometime in 2022.
Good luck out there
(not financial advice ;)