There is strong resistance at this level, with a long-term trend in this region dating back to the peak in 2017. The recent halving seems to be priced in, and we have a bottom trend line at 45k. Remember the Wall Street phrase: "up like a staircase, down like an elevator." There is a lot of greed in the market, and valuations are increasing daily over the next six months. This is my long-term exit point until the next bear market presents a buying opportunity. I plan to buy and sell when prices reach the identified yellow lines.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.