-BTC broke through the 69k top set in 2021, but has retested support below it and established a range
-BTC has behaved similarly with ranges near previous cycle tops, 19k coming to mind. Once it breaks out of the range, this results in the more parabolic leg of the run
-The halving is in a few days, typically there is some dump during the halving then the primary bull market pump begins a few weeks later
-The 58k-74k range is strong (if 58k can hold), if BTC breaks out of it, the bull run will accelerate
-Otherwise we will have a deeper correction, probably finding a range around 43k-50k
A bullish guess is that we have about 2-4 weeks before things take off. BTC will continue to show dominance during this period, probably into the Fall. 60 on BTC.D is likely. Some alts will still outperform, but most will bleed to BTC until the halving pump accelerates
In other words, last accumulation before euphoria!
-BTC has behaved similarly with ranges near previous cycle tops, 19k coming to mind. Once it breaks out of the range, this results in the more parabolic leg of the run
-The halving is in a few days, typically there is some dump during the halving then the primary bull market pump begins a few weeks later
-The 58k-74k range is strong (if 58k can hold), if BTC breaks out of it, the bull run will accelerate
-Otherwise we will have a deeper correction, probably finding a range around 43k-50k
A bullish guess is that we have about 2-4 weeks before things take off. BTC will continue to show dominance during this period, probably into the Fall. 60 on BTC.D is likely. Some alts will still outperform, but most will bleed to BTC until the halving pump accelerates
In other words, last accumulation before euphoria!