As you can see we are at the crossroads between bull run and bear market.
In my opinion, bitcoin could create an ascending triangle, which could result in September this year.
This would mean that during the summer we could see a consolidation between 40k - 60k.
If Bitcoin closed a weekly candle below MA21, it would mean entering the Bear market.
However, the On-chain data does not indicate the end of the bull run.
Therefore, I am inclined to the idea that it will be an ascending triangle and at the end of the year we will see another run up.
In my opinion, bitcoin could create an ascending triangle, which could result in September this year.
This would mean that during the summer we could see a consolidation between 40k - 60k.
If Bitcoin closed a weekly candle below MA21, it would mean entering the Bear market.
However, the On-chain data does not indicate the end of the bull run.
Therefore, I am inclined to the idea that it will be an ascending triangle and at the end of the year we will see another run up.
