#Bitcoin Log Regression đź‘€
The orange line, as in the previous cycle, offers strong resistance.
đź’ˇI think
BTC
will stay at the current mark for another month. After that, we go to the correction, most likely it will not be a deep correction, but rather a consolidation.
This is indicated by overbought and seasonality.
⛏️ And also the capitulation of miners after the halving is possible, this will lead to a decrease in the hashrate, which will slow down the growth for some time. But do not be sad, the bull market will continue closer to autumn↗️
The orange line, as in the previous cycle, offers strong resistance.
đź’ˇI think
BTC
will stay at the current mark for another month. After that, we go to the correction, most likely it will not be a deep correction, but rather a consolidation. This is indicated by overbought and seasonality.
⛏️ And also the capitulation of miners after the halving is possible, this will lead to a decrease in the hashrate, which will slow down the growth for some time. But do not be sad, the bull market will continue closer to autumn↗️
A month ago, when we were at 70k+ and most analysts were writing about 100k, I wrote a previous post about what would happen after the halving and why we would go on a correction in a month.
đź’ˇNow we are at the 57k mark and continue to move along the gray fractal. If you had such analysts and now they have "changed shoes", I think you need to change the circle of experts you follow.