$BTC doing its $BTC thing

We have another beautiful move for BTC today, breaking previous highs. I fully expected some consolidation between 47K and 48K, but I'm certainly happy to be mistaken in this case. If we can get a solid close above 48K for the day, I think a move to 50K will be immanent, perhaps after a re-test of previous 48K resistance. I'd buy that re-test if I weren't already holding. I think we will encounter some resistance when we approach 50K, likely leading to a few days of consolidation just below the resistance at 50K. If we can get a break above 50K though, I think we will be looking for a pretty powerful FOMO fueled move to the ATH. I'm holding as BTC as I can responsibly afford for the long term.

These are my ideas, not financial advice.
Bitcoin (Cryptocurrency)BTCBTCUSDFundamental AnalysisTechnical IndicatorsTrend Analysis

Related publications

Disclaimer