So, its all speculation but due to the Reddit craze cooling off a week ago, I think there will be a resurgence in safe harbor of BTC as an unregulated currency since the faith in the public markets are at all time low (Robin Hood delisting highly shorted stocks, poor transparency, and hedge fund vilification).
Furthermore because the market is at an all time high and its debatable that we are in a bubble, propped up by SPACs, non-revenue generating hype stocks like EV, Space, Solar etc. and the VIX trending up again. Investors will also find BTC / crypto a safeharbor.
Potential bounce off upper wedge at 36.8K levels to confirm and breakout to 50s in the long term.
Furthermore because the market is at an all time high and its debatable that we are in a bubble, propped up by SPACs, non-revenue generating hype stocks like EV, Space, Solar etc. and the VIX trending up again. Investors will also find BTC / crypto a safeharbor.
Potential bounce off upper wedge at 36.8K levels to confirm and breakout to 50s in the long term.