Critical point is 47k. We might break above 42k but I don't think it will mean anything. I'have made some comparisons to 2013 in indicators.
The possibility of Bull trap is still in.
However, long term is still bullish. Nothing has changed. I am not sure if we see above 65k this year but I am inclined to see another ath in 2023.
Momentum has slowed down. Media attention has faded away. We just need them back as we accumulate with fresh blood.
But... there is a non-transitory inflation on the rise and people will come back to Bitcoin if they respect mathematical fact of USD devaluation. Want to save your asset from inflation? Solution is BTC.
Things may go up or down in short them. Truth is short term is not relevant.
I suggest you keep some cash aside and watch the Dom levels for now.
Watch fundamentals, look at the news and put them on a balance. See where the media is leaning towards. Is the sentiment turn euphoric too fast? Be careful.
Lets discuss things in July and see how thing are.
See you then
The possibility of Bull trap is still in.
However, long term is still bullish. Nothing has changed. I am not sure if we see above 65k this year but I am inclined to see another ath in 2023.
Momentum has slowed down. Media attention has faded away. We just need them back as we accumulate with fresh blood.
But... there is a non-transitory inflation on the rise and people will come back to Bitcoin if they respect mathematical fact of USD devaluation. Want to save your asset from inflation? Solution is BTC.
Things may go up or down in short them. Truth is short term is not relevant.
I suggest you keep some cash aside and watch the Dom levels for now.
Watch fundamentals, look at the news and put them on a balance. See where the media is leaning towards. Is the sentiment turn euphoric too fast? Be careful.
Lets discuss things in July and see how thing are.
See you then