Last time when I posted "38k is the bottom and you missed it" people called me insane and a moonboi. It seems that a lot of you still have PTSD from the previous bear market. This makes sense but we are no longer in a bear market and you need to get that ideology out of your head or you won't make any money. The bull market started the first moment that BTC passed its previous ATH and then sank back down. Retracements like this are normal in bull markets and many more will come. I am simply here to tell you which support zones to look out for. In this chart, I highlight the ascending support line that will raise up to 68k this week. When BTC goes back down to 68k don't expect it to keep going lower. THIS TIME IS DIFFERENT! We have BTC ETFs now. - that was never a scenario in previous bull markets. The halving isn't here yet (that is still the catalyst) What happens when demand for an asset rises and supply decreases? We saw what the pandemic did to microchips and GPU prices. Now imagine BTC and institutions racing to buy more before retail enters. This might be THEE SUPER CYCLE. This is the last chance for a crazy return in Bitcoin as the future will lead to more regulations and less upside from 200k etc.
Order cancelled:
I was slightly off, it looks like the local bottom was 65k here which I slightly oversaw by forgetting to mark the previous pivot point and support line up. This idea is invalidating please refer to my most recent chart. (CORRECTION MADE)