My base case for BTC was sideways until the halving and pump after which we had in every crypto cycle in the past.
However with the ETF chances of approval so high im starting to think we are going to go up until the ETF gets approved and have a correction after that. So depending on when the ETF gets approved the weekly chart will look differently.
If the ETF gets approved right before the halving it will be the perfect bullish scenario. Pump BTC to 50k in to the halving. Correct to 30 right after and then we continue with our regular bull run.
Either way im not selling my crypto 6 months before the halving. That is suicide. And the people shorting the market right now are excuse my French... idiots. The only way i can see BTC falling to its lows right now or lower is if all ETFs get surprise rejected which wont happen because wall street wants to make money on them.
However with the ETF chances of approval so high im starting to think we are going to go up until the ETF gets approved and have a correction after that. So depending on when the ETF gets approved the weekly chart will look differently.
If the ETF gets approved right before the halving it will be the perfect bullish scenario. Pump BTC to 50k in to the halving. Correct to 30 right after and then we continue with our regular bull run.
Either way im not selling my crypto 6 months before the halving. That is suicide. And the people shorting the market right now are excuse my French... idiots. The only way i can see BTC falling to its lows right now or lower is if all ETFs get surprise rejected which wont happen because wall street wants to make money on them.