On log price scale with 1D candles, can see a clear bull channel. Recent price rises in wake of ETF approvals in the USA touched top of the channel and then started correcting exactly where the channel shows resistaace would be expected. The correction could go all the way down to about
31K without invalidating this bull channel.. more likely it won't even get into the lower half of the channel.
At some point more likely to break out the top and go parabolic to a blow off peak and crazy new all time highs. That won't be until a while after the halving. Buy the dip. HODL
31K without invalidating this bull channel.. more likely it won't even get into the lower half of the channel.
At some point more likely to break out the top and go parabolic to a blow off peak and crazy new all time highs. That won't be until a while after the halving. Buy the dip. HODL
Comment:
Don't buy ETFs, buy bitcoin. Hold it in your own wallet with your own control of the private keys