KurtisDunphy

Bitcoin has completed its 25-30% retracement.

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
History repeats itself time and time again.

The price movement of BTC over the past 24 hours has resembled that of what we saw in February.

A continuation of this dip would likely be short lived. I see any DCA entry below 50k to be incredibly wise. Short sellers should beware.

The porposed changes by Biden would take months to take effect, the dollars continues to loose it's power, and the and fundamentals of Bitcoin remain strong.

New money continues to enter the market leaving us on track with the stock-to-flow model, putting the top above $100k.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.