Bitcoin walking up the channel
For now all is quiet as we validate this upward channel. The low targets of 43 are still there. In the near term, buyers are out there. It will take a very strong move to spark any significant movement either up or down.
News like 'big whale bought 10mil in Bitcoin' and yes for us that sounds like a lot of money, but for the whale that just keeps the price elevated. There are many more big whales waiting for a better entry, which may come or else may occur when FOMO sets in.
My opinion is that anything above 40k and the HODLs keeping HODLing. Could we see a shakeout closer to US tax day? I wouldn't doubt that either.
News like 'big whale bought 10mil in Bitcoin' and yes for us that sounds like a lot of money, but for the whale that just keeps the price elevated. There are many more big whales waiting for a better entry, which may come or else may occur when FOMO sets in.
My opinion is that anything above 40k and the HODLs keeping HODLing. Could we see a shakeout closer to US tax day? I wouldn't doubt that either.
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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.