We have another beautiful move for BTC today, breaking previous highs. I fully expected some consolidation between $47K and $48K, but I'm certainly happy to be mistaken in this case. If we can get a solid close above $48K for the day, I think a move to $50K will be immanent, perhaps after a re-test of previous $48K resistance. I'd buy that re-test if I weren't already holding. I think we will encounter some resistance when we approach $50K, likely leading to a few days of consolidation just below the resistance at $50K. If we can get a break above $50K though, I think we will be looking for a pretty powerful FOMO fueled move to the ATH. I'm holding as BTC as I can responsibly afford for the long term.
These are my ideas, not financial advice.
These are my ideas, not financial advice.
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