Bitcoin colsolidation at last peak 69k
Based on price action i have several views as follows:
1.
BTC
today is consolidating in the price range of 60k-69k which is a consolidation at the previous peak in 2021, when a breakout usually this will indicate a very strong bullish trend like the green line scenario.
2.
BTC
has some possibility of experiencing a deep decline to the 48k-52k area, because in that area there is a minor support area.
3. As several geopolitical conditions occur that affect the entire market,
BTC
will also celebrate its inflation cut through what we call "halving day" so that several downturns often occur before the halving, such as in 2016 and 2020 when the crash occurred.
Whatever your decision, the dollar cost averaging strategy can be used so that you can buy regularly and not be too surprised when a downturn occurs and buy in cheaper areas to get more bitcoin.
Regards
1.
BTC
today is consolidating in the price range of 60k-69k which is a consolidation at the previous peak in 2021, when a breakout usually this will indicate a very strong bullish trend like the green line scenario. 2.
BTC
has some possibility of experiencing a deep decline to the 48k-52k area, because in that area there is a minor support area. 3. As several geopolitical conditions occur that affect the entire market,
BTC
will also celebrate its inflation cut through what we call "halving day" so that several downturns often occur before the halving, such as in 2016 and 2020 when the crash occurred. Whatever your decision, the dollar cost averaging strategy can be used so that you can buy regularly and not be too surprised when a downturn occurs and buy in cheaper areas to get more bitcoin.
Regards