Is Bitcoin on its Corrective Wave IV? What's our TP?
NOT FINANCIAL ADVICE.
Who's Bitcoin's saviour this time round?
Who's the one that will elevate price action towards higher highs? Michael Saylor, Paypal, Elon Musk, Biden's stimulus have all played their trump, no pun intended, cards.
As inflation fears subside (what inflation?), so has this unique asset class's dizzying rally since March 2020's lows.
Is smart money still accumulating
BTC or are they pivoting towards cheap Bonds with high yields?
The dollar enjoys a mini resurgence somewhat and it isn't surprising that crypto market dips at such event.
BITCOIN IS IN A CORRECTIVE TREND.
Looks like we're at the start of a shortterm bearish trend.
The Bulls will need to protect
48K feverishly, and after that 45k fervently, or else we're pretty much looking at the region of 
42K as our fib retracement support.
It's a support level that we have seen before, but there's very little cards left, this time round.
We've cheered at the flop, we've blown our trumpets at the turn, and now that we've witnessed joy at the river, perhaps it's time to call it safe?
Check.
Who's Bitcoin's saviour this time round?
Who's the one that will elevate price action towards higher highs? Michael Saylor, Paypal, Elon Musk, Biden's stimulus have all played their trump, no pun intended, cards.
As inflation fears subside (what inflation?), so has this unique asset class's dizzying rally since March 2020's lows.
Is smart money still accumulating
BTC or are they pivoting towards cheap Bonds with high yields?The dollar enjoys a mini resurgence somewhat and it isn't surprising that crypto market dips at such event.
BITCOIN IS IN A CORRECTIVE TREND.
Looks like we're at the start of a shortterm bearish trend.
The Bulls will need to protect
48K feverishly, and after that 45k fervently, or else we're pretty much looking at the region of 42K as our fib retracement support.It's a support level that we have seen before, but there's very little cards left, this time round.
We've cheered at the flop, we've blown our trumpets at the turn, and now that we've witnessed joy at the river, perhaps it's time to call it safe?
Check.
Disclaimer
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.
Disclaimer
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.