...seems almost unwavering in spite of debates over it's environmental impact. Historically, making a profit has never had much to do with saving the environment. Long term, I think it can evolve to a form that is less damaging through multiple pathways. However, if it does, it will be different. It's decentralized nature makes participation with changes designed to make it more earth friendly difficult to predict. putting down the old fork cannot be forced. I for one, believe it was designed to eventually go extinct after it serves it's purpose of teaching the true natural potential power of a decentralized economic medium of exchange to the masses. This will likely take while and could be preceded by the last havening when no more BTC can be mined . In the meantime, price action has so far respected the top of the Gaussian Channel on the 5 day chart with strong support. This combined with the Stochastic RSI being in oversold territory and the TD sequential about to flash it's first buy signal since January suggests we may be in store for a rally of some sort. I doubt a new ATH will happen in the next couple of months. In fact, even though there will be some validity, I expect the next month or two to be flat overall. On the other hand, after that, I predict a strong rally culminating in a market top around December to January timeframe with a price target of at least 100k. What's yours?
This is not financial advice. I am not you financial advisor.
This is not financial advice. I am not you financial advisor.
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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.