🅱️ Bitcoin Short-Term Update + Altcoins (100% Bullish)
The chart technicals remain the same as they were more than 2 weeks ago, this means that Bitcoin has been moving sideways now for more than 2 weeks.
Sideways action is really good at this point in time.
Bitcoin moved above $30,000 21-June and continues consolidating above this level.
The longer Bitcoin continues moving within a range, a tight range, the stronger the bullish bias and future potential breakout becomes.
The longer Bitcoin stays sideways, the stronger the Altcoins market response, which is growth.
Patience
It is a long drawn out process.
If we were looking at just a "bounce" or a relief rally for example, we would see a fast jump followed by a sudden crash. Since we are seeing sustained long-term growth, higher highs and higher lows long-term compared to Nov '22, then each new level needs to be established.
Now, don't get me wrong, 30K can break but this would be healthy and wouldn't change the current market conditions which is 100% bullish.
✔️ We can expect the Altcoins to grow.
✔️ We can expect those near support/low to move up a level or two.
✔️ We can expect those that are more advance to continue forward or continue with their consolidation... We have plenty of time as this wave can last for months.
Ignore the FUD, the bigger picture is up!
Namaste.
Sideways action is really good at this point in time.
Bitcoin moved above $30,000 21-June and continues consolidating above this level.
The longer Bitcoin continues moving within a range, a tight range, the stronger the bullish bias and future potential breakout becomes.
The longer Bitcoin stays sideways, the stronger the Altcoins market response, which is growth.
Patience
It is a long drawn out process.
If we were looking at just a "bounce" or a relief rally for example, we would see a fast jump followed by a sudden crash. Since we are seeing sustained long-term growth, higher highs and higher lows long-term compared to Nov '22, then each new level needs to be established.
Now, don't get me wrong, 30K can break but this would be healthy and wouldn't change the current market conditions which is 100% bullish.
✔️ We can expect the Altcoins to grow.
✔️ We can expect those near support/low to move up a level or two.
✔️ We can expect those that are more advance to continue forward or continue with their consolidation... We have plenty of time as this wave can last for months.
Ignore the FUD, the bigger picture is up!
Namaste.
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