No matter the US election result today, I believe Bitcoin will head higher in the long term. Bars pattern overlaying from today forward is showing the 2020 election to cycle top. Let's see how similar they play out.
Strap in.
We've still got a long way to go. Spot ETF will hardly change a thing imo. But it could help people find the one true religion and saving grace that is bitcoin.
Halving dates marked with the vertical purple lines. 2024 halving date is obviously just a rough estimate at this point.
Let's see if the apes can push through.
I wasnt expecting such a quick move back to the top of the channel, and it apparently still holds some weight in traders minds though. the ~$30 level is key imo. I’m excited to watch it all play out.
Would love to hear others' thoughts.
After studying on-chain analytics, charts, and researching many fundamentals, I am long at 48,000 (and also long on ETH at 3700) and bullish on the crypto market going forward. I might be one of very few remaining bullish, but extreme fear is often followed by big moves upward. OI is at a low, bitcoin continues to flow out of exchanges. RSI is very oversold, and...
