We've just reached the longterm median line on BTC. Highely likely this is going to be it for now. Most of the oscilators are in deeply overbought teritory. Euphoria is plentiful. Everyone again thinks this is going to the moon in a couple a months. But this move seems way to aggresive to be sustainable so buckle up there's gonna be a ride down to reset the mood.
Check it out my chart below, to find out how a healthy run up should have looked. It's derived from a previous BTC bullmarket run up.
IMHO this run up only shows that crypto is very alive and very healthy. The bullmarket has started, but it's just got way ahead of itself and needs to reset. I'd say back to 8K easily, 6k is not of out the question.
Check it out my chart below, to find out how a healthy run up should have looked. It's derived from a previous BTC bullmarket run up.
IMHO this run up only shows that crypto is very alive and very healthy. The bullmarket has started, but it's just got way ahead of itself and needs to reset. I'd say back to 8K easily, 6k is not of out the question.
