Although majority of folks are looking for very lofty numbers, like 100,000 or 1,000,000....
My thought is that we head toward an 886 retracement. This 886 is also a CME gap.
RSI looks similar too prior corrections, and the top formation also looks similar.
If an ETF couldnt break it to new highs, what can?
I will re-asses at 20k, where it may be wise to take a long, at least for awhile.
Ultimately, I see no use case for bitcoin anymore, although I was an early adopter.
Bitcoin was supposed to be regulation resistant, and it has been nothing but regulated over the past few years. This turns me off the asset, and it has now become nothing more than a speculative bubble in my view.
My thought is that we head toward an 886 retracement. This 886 is also a CME gap.
RSI looks similar too prior corrections, and the top formation also looks similar.
If an ETF couldnt break it to new highs, what can?
I will re-asses at 20k, where it may be wise to take a long, at least for awhile.
Ultimately, I see no use case for bitcoin anymore, although I was an early adopter.
Bitcoin was supposed to be regulation resistant, and it has been nothing but regulated over the past few years. This turns me off the asset, and it has now become nothing more than a speculative bubble in my view.