BitcoinLong
Cup & Handle - When to buy BTC next?
Simply here! It's been a while.
As requested, I did a quick analysis of the current Bitcoin situation. Looks like a classic cup & handle trading pattern with retracement back to the 10.1k to 8.5k range over the next month.... followed by the real bull run. This aligns with RSI, which is currently overbought. It seems like there isn't much hype on Bitcoin right now, which implies that most of what we're seeing now is caused by whales and institutions (probably the latter). I don't think the real bull run will be official until the FOMO returns to retail investors. A lot of institutions have been accumulating during this "crypto winter" and are ready to pump during this next run. Buckle up and drink the coffee.
What do you guys think?
Simply
As requested, I did a quick analysis of the current Bitcoin situation. Looks like a classic cup & handle trading pattern with retracement back to the 10.1k to 8.5k range over the next month.... followed by the real bull run. This aligns with RSI, which is currently overbought. It seems like there isn't much hype on Bitcoin right now, which implies that most of what we're seeing now is caused by whales and institutions (probably the latter). I don't think the real bull run will be official until the FOMO returns to retail investors. A lot of institutions have been accumulating during this "crypto winter" and are ready to pump during this next run. Buckle up and drink the coffee.
What do you guys think?
Simply
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